Over a month and a half before the World Health Organization officially declared a pandemic, BioNTech CEO Uğur Şahin met with his wife, BioNTech’s co-founder and chief medical officer Özlem Türeci, and together they agreed to redirect most of the company’s resources to developing a vaccine. Up until that point, BioNTech was little-known internationally and primarily focused on developing novel cancer treatments. The founders were confident in the potential of their mRNA technology, which they knew could trigger a powerful immune response. That confidence wasn’t necessarily shared by the broader medical community. No mRNA vaccine or treatment had ever been approved before. But the couple’s timely breakthrough was actually decades in the making. CNBC spoke with Şahin and Türeci about how they, along with Pfizer, created a Covid-19 vaccine using mRNA.
Americans are leaving their jobs in droves. In August 4.3 million Americans quit their jobs. While some people have left the workforce entirely, job security and better pay are top concerns for others. Dubbed “The Great Resignation”, the exodus of workers has created hiring challenges for companies and left millions of jobs unfilled. More than half of U.S. workers surveyed said they plan to look for a new job in the coming year, according to Bankrate’s August jobseeker survey. Some 56% of respondents said adjustable working hours and remote work were a priority. Working women have faced an additional burden, juggling childcare duties, virtual schooling and their careers. So, what does the realignment of the workforce mean for employees and businesses? And what steps should you take before quitting your job?
People in the U.S. frequently pay more for slower internet service than people abroad, according to a report from the Open Technology Institute. Lawmakers in Washington are attempting to address the high price of internet service, as well as the lack of access for many low income families, by deeming internet access infrastructure. Here’s why high speed internet is so expensive in the U.S., why so many Americans struggle to gain access and what policymakers can do about it.”
In 2021, the average age of vehicles on the road reached a record 12.1 years. Every driver that chooses to hold on to a car for another year is postponing a trip to the dealership, and some industry analysts wonder if rising vehicle ages and prices indicate trouble for new car sales in the future. Automakers are stuffing cars with new technology and improvements but will that be enough to keep buyers wanting the latest and greatest?
The organic food industry is a booming business. U.S. organic sales surged in 2020, jumping by 12.4% to $61.9 billion. With consumers being more health conscious than ever, they’re willing to pay more for what they perceive as better. But, what exactly does “organic” mean?
The delta variant of Covid-19 took the U.S. by surprise. Months after the first vaccines rolled out, Covid-19 infections surged as the delta variant overwhelmed the unvaccinated population and even broke through the immunity from the shots from Moderna, Pfizer and Johnson & Johnson. Now, the White House has a new plan to fight the delta variant, including booster shots and vaccine mandates. Here’s where we stand in the debate over booster shots, and in the fight against the delta variant.
Amazon is on a spending spree to grow its fleet of planes, vans, semitrucks and drivers in its latest move to compete with FedEx and UPS. Now, it’s using the added capacity to move cargo for outside customers, betting big on the business of third-party shipping while also shipping 72% of its own packages. CNBC talks to former Amazon executives and current customers using the shipping services to find out all about the behemoth’s next big move.
Home prices in the U.S. have climbed at a record pace during the pandemic. The median home price reached over $363,000 in June 2021, a 23.4% increase from 2020. Many of the houses are being sold above their asking price, often entirely in cash with bidding wars becoming the new norm to weed out the competition. So is America currently in another housing bubble and what are the signs that can help investors predict an oncoming crash?
According to Rakuten Intelligence, the cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January of 2018 and July of 2021. Many riders have also noticed increased wait times for rides, and a recent driver shortage is likely to blame. In early July 2021, Uber and Lyft drivers were about 40% below capacity. The companies have taken notice of this driver shortage, and are investing millions worth of bonuses and base rates to convince drivers to return. But will it be enough to get drivers back on the roads?
Twenty years of war for the United States and coalition partners in Afghanistan ended with the collapse of the Afghan government after U.S. troops withdrew from most of the country. The rapid advance of the Taliban forced an evacuation of more than 100,000 people from Afghanistan over the course of the last few weeks, and led to the deaths of 13 U.S. service members. Here’s how the fall of Afghanistan happened so quickly, and what’s next for the war-torn country.