The initial doses of Pfizer and BioNTech’s Covid-19 vaccines could go out next month, if the FDA grants emergency authorization. There are also three other promising vaccine candidates in the pipeline from AstraZeneca, Moderna, and Johnson & Johnson. The process of distributing the vaccine to the 330 million people living in the U.S., however, could prove a logistical challenge. Here’s a look at how the federal government plans to do it.
Tag Archives: CNBC Videos
Oil & Climate Change: ‘The Economics Of Drilling In The Arctic’ (CNBC Video)
The Arctic is not a barren, frozen wasteland. It’s home to some of the most unique ecosystems in the world. More than this: it’s home to people. Those people are at the center of the controversy over drilling for oil in the Arctic. The Trump administration is now starting the formal process of selling leases in the Arctic National Wildlife Refuge to oil companies, according to the New York Times. The move comes after the Trump administration opened the refuge for oil drilling in August 2020. There are potentially billions of dollars in untapped oil and gas reserves in the Arctic. But, there is value in keeping the region untouched, too. The Arctic provides more than $281 billion per year in fishing, oil, mineral extraction, tourism and climate stabilization services, according to a preliminary assessment done in 2016 by environmental economist Tanya O’Garra, who worked at the Center for Research on Environmental Decisions at Columbia University at the time the research was conducted.
Retirement: ‘How Social Security Works’ (Video)
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest.
Starting in 2021, they will have to dip into the trust fund itself to cover those benefit payments, and even that pool of cash has an expiration date. Trustees of the fund expect that by 2035 it will not be enough to cover full benefit payments. Due to COVID-19, that date may come years sooner than expected, which has some retirees seriously worried about their future.
Financial Videos: ‘Is Trump Or Biden Better For The Stock Market’ (CNBC)
The outcome of the 2020 election between Joe Biden and Donald Trump will likely have a major impact on the equity market. Although the economy has historically performed better under a Democratic president, that doesn’t always necessarily reflect on market performance. However, which party controls the White House can still be an important element for those looking to earn big in the market. So how does the U.S. election impact the stock market and how should investors prepare?
Home Furnishings: “The Rise And Fall Of Pier 1”
Once known for its “treasure hunt” atmosphere, colorful home furnishings, and distinctive holiday decorations, Pier 1 filed for bankruptcy in February 2020.
Pier 1 later announced it was winding down its entire business, in part, due to the coronavirus pandemic. And while Pier 1 had a smaller share of the home furnishing industry than some of its rivals, those store closings could mean good news for a few retailers.
Electric Cars: “Why Ford Is Risking Mustang To Take On Tesla” (CNBC Video)
Ford is introducing a new, eco-friendly electric four-door crossover. The Mustang Mach-E is making waves in the electric car community and will compete with Tesla for satisfied drivers. Some car enthusiasts challenge Ford’s decision to replace Mustang’s namesake 8 cylinder engine. But others argue a Mustang is a Mustang.
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