Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Coronavirus

2 Mar 2022

Biden announces new COVID initiative providing Americans free Pfizer Pills

The Index Today

Joe Biden said during his State of the Union speech, "We're launching the "Test to Treat" initiative so people can get tested at a pharmacy, and if they're positive, receive antiviral Pfizer pills on the spot, at no cost,"

Biden said that the United States has ordered more of these treatments than any other country in the world, adding Pfizer Inc will offer the U.S. 1 million pills in March and more than double that in April. The Pfizer pill as Biden mentioned, reduces the chances of ending up in the hospital by 90%.

The White House said in a statement that the Biden administration will announce on Wednesday a national preparedness plan for COVID-19, mapping out how "to move forward safely and get back to our more normal routines."

During his speech, Biden also mentioned the progress America has made in fighting the coronavirus but warned Americans must prepare for a possible upcoming new variants.

"I cannot promise a new variant won't come. But I can promise you we'll do everything within our power to be ready if it does," he said.

The U.S. is now in a position to deploy new vaccines within 100 days instead of months or years, he added.

©Photo: Financial Times

Clay pottery with table linens