Here are the most important news, trends and analyses that investors need to start a trading day:
1. Equity futures fell the day after Wall Street resumed rising
The trader is working on the floor of the New York Stock Exchange (NYSE) in New York City on March 21, 2022.
Brendan MacDermid | Reuters
2. Moderna vaccine for children under 6 years was up to 44% effective against Omicron
After receiving a second Moderna COVID-19 vaccine at the Kaiser Permanente Los Angeles Medical Center on Friday, June 25, 2021, Erincy hugs Avery 6 and Aidan 11 with her husband Stephen.
Sarah Reingewirtz | MediaNews Group | Getty Images
According to data released Wednesday by the company, Moderna’s double-dose Covid vaccine is about 44% effective in preventing infection with the Omicron variant in children aged 6 months to under 2 years, from 2 years to 5 years. It was about 38% effective in a year old child. None of the children developed severe illness, and most of the breakthrough cases were mild. Moderna will ask the Food and Drug Administration to grant emergency use of the vaccine to children under the age of 6 as soon as possible.
3. One of the black boxes found in the Boeing Jet crash in China
Photographs taken with a mobile phone show debris from a crashed airliner found at a crash site in Teng County, Guangxi Zhuang Autonomous Region, southern China, on March 22, 2022.
Zhou Hua | Xinhua News Agency | Getty Images
One of two black boxes was found in the crash of China Eastern Airlines, China’s state media said Wednesday. Officials said the black box was “severely damaged” and it was difficult to determine whether it was a recording of flight data or a cockpit communication with an air traffic controller. A Boeing 737-800 aircraft carrying 132 people lowered its nose on Monday in a rural mountainous region in the southern part of Guangxi Zhuang Autonomous Region. China has not confirmed the dead, but late Tuesday, authorities said rescue workers had not found any survivors.
4. DOT reveals infrastructure grants. CEO will testify about chip shortage
Transport Secretary Pete Butigeg will speak about the new transport initiative at an event with US Vice President Kamala Harris at the South Court Auditorium of the Eisenhower Executive Building in Washington, DC on March 7, 2022.
Anna Money Maker | Getty Images
Ministry of Transport Pete Butigeg said Wednesday the government is ready to pay $ 2.9 billion in subsidies for state and local infrastructure projects such as highways, bridges, freight, ports and public transport expansion and repair. Said. The money is part of a bipartisan $ 1 trillion infrastructure bill that Biden signed the law four months ago.
A sign at the entrance of Intel’s headquarters in Santa Clara, California, USA, on Tuesday, October 19, 2021.
David Paul Morris | Bloomberg | Getty Images
CEOs of US semiconductor giants Intel and Micron will testify at the Senate Trade Commission on Wednesday that they will claim $ 52 billion in US subsidies for chip manufacturing. Production in the automotive and electronics industries has been disrupted due to a continuing shortage of chips throughout the industry.
5. GameStop soars as the company chairman buys more shares
The location of GameStop in New York on December 23, 2021.
Scott Murin | CNBC
GameStop shares, which surged nearly 31% on Tuesday, surged another 12.5% in pre-market trading on Wednesday after video game retailer Ryan Cohen bought another 100,000 shares. This purchase brings 11.9% ownership to activist investors who co-founded online pet retailer Chewy as they are moving GameStop to e-commerce. Two weeks ago, Cohen unveiled a large stake in Bed Bath & Beyond, where he pushed for a turnaround. Both Bed Bath & Beyond and GameStop have seen a sharp rise and fall in meme stocks over the past 15 months.
— CNBC reporters YunLi, Thomas Franck, Spencer Kimball, Evelyn Cheng, The Associated Press and Reuters contributed to this report.
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