FDA panel gives go-ahead for children under 5 to be vaccinated, but experts fret that not all parents will get on board

A panel of advisers to the Food and Drug Administration on Wednesday gave its endorsement to both the Moderna and Pfizer vaccines for children below the age of 5, the last group to be added to the vaccine program. The panel voted 21-0 that the benefits of Moderna’s MRNA, +3.19% two-dose vaccine for children between … Read more

Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances

Consumer inflation expectations are back at record highs, but people have no plans to slow their spending, according to a regional Federal Reserve bank survey released Monday. Households saw a 6.6% median inflation rate in the year ahead, setting a record high first set in March, according to the Federal Reserve Bank of New York’s … Read more

Texas Is The Bitcoin Mining Capital

By its nature, Bitcoin mining is energy intensive and encourages the use of cheap energy to turn a profit. Bitcoin miners have started to flock to Texas because of the current “goldilocks” situation for cryptocurrency mining created by three main factors: The state’s energy infrastructure allows for access to cheap power from its deregulated power … Read more

FTC faces staff exodus, anger over Biden-appointed Big Tech foe’s leadership

Progressives thought they had their dream pick to lead the Federal Trade Commission last year when President Biden nominated Lina Khan — but her management style is leading to staff discontent and risks derailing her ambitions, The Post has learned. Khan, who made a name for herself as a wunderkind legal scholar and critic of … Read more

New sweeping crypto bill unveiled and it classifies most digital assets as commodities

(Kitco News) The bipartisan Senate duo unveiled the widely anticipated sweeping crypto regulation on Tuesday. The bill provides some much-needed clarity for crypto markets and defines most digital assets as commodities, giving most of the oversight to the Commodity Futures Trading Commission (CFTC). Known as the Responsible Financial Innovation Act, the bill was introduced by … Read more

Senators Propose Industry-Friendly Cryptocurrency Bill

WASHINGTON—A pair of US senators unveiled legislation that would create special exemptions to federal law for some cryptocurrencies, amid an intensifying lobbying push by the industry to avoid existing regulations. Sens. Cynthia Lummis (R., Wyo.) and Kirsten Gillibrand (D., NY) outlined a bill Tuesday dubbed the Responsible Financial Innovation Act, which aims to create a … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds — and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

Is Bitcoin Immune To Government Regulation?

Jesse Colzani is a regulatory specialist and Bitcoin researcher. When asked whether the Bitcoin network can be regulated or not, people tend to answer in a binary way. On one side, there are those who say that everything can be regulated. On the other, there are those who believe that Bitcoin has already irreversibly separated … Read more

Earth Crash Sharpens Washington’s Attention on Crypto Regulations

The collapse of the stablecoin TerraUSD USTUSD, +1.40% has made waves in Washington, attracting the attention of the nation’s top policymakers and adding urgency to an ongoing debate in Congress about cryptocurrency regulation. At its peak in early May, TerraUSD, also known by its ticker UST, was the third most popular stablecoin, with a market … Read more