Why blood makes up over 2.5% of all U.S. exports

In America, blood means big business. The North American blood market was valued at $3.3 billion in 2021, according to Global Market Insights Inc. Blood makes up 2.69% of U.S. exports, according to the Census Bureau. Since there is no substitute for human blood, demand can be hard to meet. During the Covid pandemic, the Red Cross announced its first-ever national blood shortage crisis. “There are still sporadic shortages,” Dr. Claudia Cohn, chief medical officer of the Association for the Advancement of Blood & Biotherapies, told CNBC. An early pandemic shortage…

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Supreme Court says EPA does not have authority to set climate standards for power plants

A view of the backside of the U.S. Supreme Court on June 6, 2022 in Washington, DC. According to media reports, Drew Angerer | Getty Images The Supreme Court on Thursday ruled the EPA does not have authority to set standards on climate-changing greenhouse gas emissions for existing power plants. The 6-3 ruling said that Congress, not the EPA, has that power. The court’s ruling on the case, West Virginia v. the Environmental Protection Agency, affects the federal government’s authority to set standards for planet-warming pollutants like carbon dioxide from…

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5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, central bank rate hikes and the deluge of second-quarter earnings reports coming in a few weeks. The latest reading of the Fed’s favorite inflation gauge is due this morning, as well: the core personal consumption…

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Palantir CEO Alex Karp on the difference between fighting with Peter Thiel and progressives

As U.S. companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shouldn’t. “Companies have a problem that it’s very hard for them to tether what they’re producing to a higher mission, and therefore they cannot exactly adjudicate where they have to speak out and where maybe they don’t have to speak out,” Karp told CNBC’s Andrew Ross Sorkin at the Aspen Ideas Festival this week. “Then there’s just general issues of,…

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5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: 1. Stocks looking for stability Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE Equities markets’ attempt to build on last week’s momentum has so far fizzled this week. Futures were little changed Wednesday morning following Tuesday’s rout. The S&P 500 is on the verge of wrapping up its worst first half of a year since 1970. Earnings season is just around the corner, but companies such as Nike…

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U.S. FCC commissioner wants Apple and Google to remove TikTok from their app stores

A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images BEIJING — A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over China-related data security concerns. The wildly popular short video app is owned by Chinese company…

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U.S. to deploy nearly 300,000 monkeypox vaccine doses to fight outbreak

Mock-up vials labeled “Monkeypox vaccine” are seen in this illustration taken, May 25, 2022.  Dado Ruvic | Reuters The U.S. will deploy nearly 300,000 monekypox vaccine doses in the coming weeks in an effort to stamp out an outbreak of the virus that continues to grow. The Centers for Disease Control and Prevention is recommending that people who have had confirmed or presumed monkeypox exposures get vaccinated against the virus. Vaccination should occur within two weeks of exposure to the virus but the sooner the better, according to the CDC.…

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CVS removes purchase limit on Plan B pills, says sales have ‘returned to normal’

Plan B One-step birth control in CVS Pharmacy, Boston, MA. Ucg | Universal Images Group | Getty Images CVS is removing the purchase limit it had put on emergency contraceptive pills following last week’s Supreme Court ruling, the chain said Tuesday. The reversal comes as sales have dipped back to normal levels and will be made both in stores and online over the next 24 hours, CVS said. The limit on the emergency contraceptives, commonly known as morning after pills and sold under names including Plan B, had gone into…

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FDA panel recommends changing Covid shots to fight omicron this fall

A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to recommend new Covid-19 shots that target the omicron variant this fall, when public health officials are expecting another wave of infections. It is the first time the panel has proposed that vaccine makers modify the…

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Amazon limits how many Plan B pills you can buy as demand surges

Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s U.S. Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. A review of emergency contraceptive pills sold on Amazon showed varying quantity limits. A listing for Plan B, a popular brand of the drug Levonorgestrel, showed purchases were capped at three products per shopper. Meanwhile, one listing for…

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