Debate over the need for Covid-19 booster shots is clouding the outlook for Moderna Inc’s high-flying shares after the US biotechnology company’s stock price soared as much as 360% this year, making it the best performer in the S&P 500.
US political leaders have long tried to counter Chinese industrial policy. And now they seem to have decided that the best way to do that is to emulate it.
The climate crisis will wipe out millions of jobs long before the feared robots do. It is estimated that heat stress alone will eliminate the equivalent of 80mn full-time jobs by 2030, not counting those lost as a result of wildfires, floods, storms, and other extreme weather events.
US officials preparing to roll out Covid-19 booster shots in the face of waning vaccine protection and surging hospitalisations and deaths caused by the highly contagious Delta variant are hoping boosters might prevent mild cases as well.
People have been using “exit” as a suffix for a decade or so. Grexit, referring to a potential Greek departure from the eurozone, was the first to emerge. Italexit made a brief appearance, and has recently been revived on the Italian right. But neither has come to pass.
Despite the overarching gloom perpetuated by the still raging pandemic, silver linings of hope are now encouraging companies to start spending across the world.
If you want to understand policy choices, it is said, “follow the money.” Inspired by that advice, we at The Nature Conservancy (in partnership with the Paulson Institute and the Cornell Atkinson Center for Sustainability) crunched the numbers to see what it would cost to preserve biodiversity – the