Economist: Here's what's keeping workers on the sidelines

Johnson & Johnson’s Single Dose COVID-19 Vaccine Approved In U.K.

The U.K.’s medicines regulator on Friday approved Johnson & Johnson’s single dose vaccine to prevent COVID-19 in individuals 18 years of age and older.

It is the fourth COVID-19 vaccine to be authorized by the UK’s independent regulator and is the first to be approved for protection against COVID-19 with a single dose, the Medicines and Healthcare products Regulatory Agency or MHRA said in a statement.

The COVID-19 vaccine is developed by the Janssen Pharmaceutical Companies of Johnson & Johnson.

There are three vaccines currently in use in U.K, these were developed by partnerships between BioNTech and Pfizer (Comirnaty), University of Oxford and AstraZeneca and by the United States National Institute of Allergy and Infectious Diseases and Moderna (MRNA-1273).

June Raine, MHRA Chief Executive, said,” We have undertaken a thorough review of the conditional marketing authorisation application submitted by Janssen, including the information on quality, safety and effectiveness. I am pleased to confirm today that this authorisation has been granted.”

Earlier this year, the Johnson & Johnson vaccine was found to be 67% effective in preventing infections and 85% effective in preventing severe cases of COVID-19 and hospitalizations.

Boston Properties Acquires Lab Properties In Waltham, Massachusetts – Quick Facts

Boston Properties, Inc. (BXP) announced Friday that it has acquired 153 & 211 Second Avenue, two lab properties comprising 153,000 square-feet in Waltham, Massachusetts, a highly desirable location for leading and emerging companies in the life sciences and biotechnology sector.

The Company acquired the two lab buildings from an affiliate of Montana Avenue Capital Partners, LLC for a gross purchase price of $100 million in cash.

153 & 211 Second Avenue are 100% leased to a leading pharmaceutical company and are adjacent to BXP’s 200 West Street building, a 272,000 square feet property, a portion of which was recently converted to lab space, that is 100% leased to Translate Bio.

The acquisition builds on BXP’s 4.9 million square feet of lab and Class A office properties in the Waltham/Lexington region of Massachusetts.

FBI Director Christopher Wray compared the latest spate of ransomware attacks against the US to 9/11

  • The world’s largest meat processor and a major US gas pipeline recently suffered ransomware attacks.
  • FBI Directory Wray said they have “parallels” to the 9/11 terror attacks.
  • He also said reports show ransomware attacks in the US have tripled over the last year.
  • See more stories on Insider’s business page.

The director of the FBI compared recent ransomware attacks in the US to the 9/11 terror attacks.

Christopher Wray told The Wall Street Journal after a number of high-profile ransomware attacks: “There are a lot of parallels, there’s a lot of importance, and a lot of focus by us on disruption and prevention.”

Recent attacks in the US have included one on the world’s largest meat processor and on the US’s largest refined products pipeline.

They resulted in higher gas prices and may result in meat shortages.

Wray also said that reports to the FBI and in the private sector show that ransomware attacks in the country have tripled over the last year.

Rudy Giuliani Doing A MyPillow Ad Must Mean It’s The End Of Times

Now we know how Rudy Giuliani sleeps at night.

The former Trump lawyer advertised MyPillow on his YouTube podcast with all the kooky conviction you’d expect. (Watch it below.)

“I’ve been sleeping on MyPillows for some time,” Giuliani said on his “Common Sense” show, posted Thursday. “I love them. Simply the very best pillows ever made. But I just found out they also have a wide assortment of other incredible products. Like their mattress toppers, sheets, towels and slippers! And more!”

Giuliani shilling for MyPillow CEO Mike Lindell, who’s pushing a baseless claim that Trump will be reinstated as president by August, makes perfect sense, given that the former New York City mayor also has been promoting Trump’s election lies. 

But you have to wonder if Giuliani is truly getting proper rest. He’s under federal investigation for his Ukraine escapades. And MyPillow received a consumer rating of 2.12 out of 5 stars on the product review platform SiteJabber.

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Economist: Here's what's keeping workers on the sidelines

New York (CNN Business)America’s job market recovery picked up some steam in May, with 559,000 positions added back to the economy.

It was a second sizable miss of analyst expectations after a big disappointment in April. Economists had predicted 650,000 jobs added in May.
The unemployment rate fell to 5.8%, the Bureau of Labor Statistics reported Friday.

    Still, it was a big improvement from the revised 278,000 jobs added in April. The initial read of 266,000 jobs last month was the biggest miss versus expectations since Refinitiv started recording that data in 1999.

      The labor market is in a weird spot, showing just how uneven and awkward the recovery is.

      Even though millions of people remain unemployed or have had to leave the labor force, businesses complain of worker shortages. Companies are raising wages to attract and retain employees.
      Meanwhile, various states have announced they will end the pandemic era expanded jobless benefits before the official expiry in September. Whether that will spur a jump in job applicants remains to be seen.
      Critics of higher unemployment aid say the bigger payments have kept people sitting on their couches. But the pandemic isn’t over yet and workers are still balancing health and exposure risks, as well as child care, with going back to work.

        Hopes are high that the full return to in-person schooling in September will allow those kept at home due to care responsibilities to rejoin the labor force.
        This is a developing story. It will be updated.