Other news

Pfizer Inc and its German partner BioNTech announced that they have submitted a request to the U.S. FDA for approval of an updated vaccine against COVID-19. It is known that the vaccine is aimed at protecting against the latest Omicron variants. The company is ready to deliver vaccine doses as soon as the FDA approval process is done.

Intel entered a partnership with the Canadian investment company Brookfield to invest up to $30 billion in creating new advanced facilities for their semiconductor production in Chandler, Arizona. It became the corporation’s next step in its strategy of increasing the production volume.

Moderna Inc. submitted the FDA request for a booster dose aimed at modern COVID-19 variants. The step is designed to ensure greater protection in fighting the virus.

As a result of the significant rise of travel industry after the decline, Lyft continues showing a decent performance, despite all the inflation struggles the country is dealing with at the moment. In a recent conversation with Yahoo Finance Live, Lyft President and Co-Founder John Zimmer noted an increased number of post-pandemic trips and rides, and emphasized the growing significance of transportation for people.

Full self-driving (FSD) software by Tesla Inc. is about to hike to $15,000. This is the second price advance in 2022. The decision comes into force on September 5, concerning North America exclusively.

Japan's manufacturing activity growth hit the lowest level in 19 months. Output and new order inflows fell amid rising prices for raw materials and energy and weakening global demand.

eBay announced the acquisition of TCGplayer, an online marketplace for trading card goods. The deal is estimated at $295 million worth, the enterprise said on Monday. Buying process is likely to close officially in the first quarter of 2023.

This Monday, August 22, McDonald's representatives announced major changes in its board of directors. The most significant shift is associated with a departure of Sheila Penrose, a sustainability lead, who had worked for 15 years for the company. Three new executives were also appointed, with Jennifer Taubert, Anthony Capuano, and Amy Weaver joining the board.

Bundesbank President Joachim Nagel claimed that the European Central Bank must keep raising its interest rates. He earlier said that Germany is on the brink of recession if the energy crisis reaches its peak.

Ford's Lincoln brand is celebrating its 100th anniversary. This big event was introduced at Monterey Car Week. The brand will unveil its Model L100 at the Pebble Beach Concours d'Elegance on Sunday.