Omicron booster shots provide some protection against mild illness from Covid XBB subvariants, CDC says

Pfizer‘s and Moderna‘s omicron booster shots reduced the risk of mild illness from the XBB family of subvariants by about 48% compared to people who did not receive the vaccine, according to a study from the Centers for Disease Control and Prevention. The CDC study published Wednesday provides the first estimate of the omicron booster shots’ real-world effectiveness against the XBB family of subvariants. Some scientists have warned the XBB subvariants could cause another Covid wave because they are so good at evading the antibodies that block infections. CDC officials,…

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NY AG Letitia James presses MSG over use of facial recognition technology

State Attorney General Letitia James speaks during Martin Luther King Jr. Day at National Action Network House of Justice Headquarters. Lev Radin | Lightrocket | Getty Images New York Attorney General Letitia James wants to hear from Madison Square Garden Entertainment Corporation about the company’s reported use of facial recognition technology at its venues. MSG Entertainment has reportedly used the technology to identify and deny entry to multiple lawyers affiliated with law firms involved in ongoing litigation relating to the company, including those with season tickets. According to a letter…

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Women’s IPL Attracts Bids Worth Totaling Rs 4,670 Cr

As predicted, Wednesday turned out to be another iconic day for Indian women’s cricket, with the BCCI making a windfall gain of Rs 4,600 crores by auctioning off five team franchises for the inaugural season, a higher sum than what franchises for the men’s IPL were willing to pay the cricket organisation back in 2008. According to a tweet from BCCI secretary Jay Shah, Adani, IndiaWin Sports, Royal Challengers, GSW- GMR cricket, and Capri Global have won the bid. Shah revealed in several tweets, “Today is a historic day in…

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Stocks making the biggest moves midday: Sunrun, U.S. Bancorp, Alphabet, AT&T and more

Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Check out the companies making the biggest moves midday: News Corp, Fox — News Corp rallied 5.4%, while Fox news gained more than 2%, after Rupert Murdoch called off plans to merge the two companies. AT&T — The telecommunications giant rallied 5.4% after reporting more wireless subscribers than expected for the fourth quarter. Boeing— The air carrier fell slightly after reporting a loss for the fourth…

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Jim Cramer’s Investing Club meeting Wednesday: Microsoft, P&G, Estee Lauder

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Don’t buy the Microsoft dip Buy P & G Watch Estee Lauder 1. Don’t buy the Microsoft dip Microsoft (MSFT) was trading down around 0.75% midmorning Wednesday, at $240.24 a share, after the company issued softer-than-expected guidance for its fiscal third quarter Tuesday, despite delivering a slim second-quarter earnings beat. Our main concern is around the company’s expectation revenue growth at cloud computing unit Azure…

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AT&T shares jump as subscriber growth tops analyst expectations

A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC AT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall Street’s estimates, shrugging off its rivals’ lower pricing strategies. The U.S. phone service provider added 217 million total subscribers across all of its divisions for the fourth quarter, beating StreetAccount estimates of 215 million. New phone subscribers specifically, however, missed analyst expectations, coming in at 656,000 net adds, versus an estimate of 678,400, according to StreetAccount. Shares of AT&T…

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Tesla reports earnings after the bell Wednesday

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Electric vehicle maker Tesla plans to report fourth-quarter results after market close on Wednesday. Here’s what analysts were expecting as of Wednesday morning, according to Refinitiv: related investing news Earnings (adjusted): $1.13 per share Revenue: $24.16 billion In the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings of $2.52 per share. Earlier this month, Tesla reported vehicle…

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Southwest CEO maps out a recovery after holiday meltdown: ‘We have work to do’

A Southwest Airlines traveler looks for her baggage in a pile of lost suitcases after an arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, at Chicago Midway International Airport in Chicago, Illinois, December 27, 2022. Kamil Krzaczynski | Reuters Southwest CEO Bob Jordan’s message, after a holiday meltdown derailed the travel plans of millions, is clear: “I can’t say it enough. We messed up.” His focus now is ensuring a similar crisis never happens…

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How Live Nation and Ticketmaster have a monopoly on the live entertainment industry

The Senate Judiciary Committee held a hearing this week titled, “That’s the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment,” which focused on the state of Live Nation Entertainment and the lack of competition in the primary and secondary ticketing markets. “I just want to dispel this notion that this is not a monopoly and then we can go from there about solutions,” Sen. Amy Klobuchar, D-Minn., said at the hearing, which was held Tuesday. Live Nation Entertainment is composed of Live Nation, an events promoter and venue operator,…

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Abortion pill manufacturer GenBioPro sues West Virginia, argues FDA rules pre-empt state ban

The abortion pill manufacturer GenBioPro on Wednesday sued to overturn West Virginia’s ban on abortion because it restricts access to a medication approved by the Food and Drug Administration. The lawsuit, filed in federal court in West Virginia’s southern district, argues that FDA regulations on medications such as the abortion pill pre-empt state law under the U.S. Constitution. Access to the pill, called mifepristone, has become a major legal battleground in the wake of the Supreme Court ruling that overturned federal abortion rights last June. A dozen states, including West…

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