Economy
Johnson & Johnson Reports Vaccine Batch Ruined At Baltimore Factory
A batch of Johnson & Johnson’s COVID-19 vaccine failed quality standards and can’t be used, the drug giant said late Wednesday.
The drugmaker didn’t say how many doses were lost, and it wasn’t clear how the problem would impact future deliveries.
Lagarde Says ECB Could Have Digital Currency Within Four Years
European Central Bank President Christine Lagarde said her institution could launch a digital currency around the middle of this decade if her fellow policy makers give the project the green light this summer.
“We need to make sure that we do it right – we owe it to the Europeans,” Lagarde said in a Bloomberg TV interview on Wednesday. “The whole process – let’s be realistic about it — will in my view take another four years, maybe a little more.”
Bitcoin and ether climb after Visa says it will allow payment settlements using cryptocurrency
Bitcoin and ether jumped on Monday after Visa announced that it will enable the use of a USD Coin to settle payment transactions on its platform.
The price of bitcoin sharply climbed minutes after Reuters first reported about Visa’s move at around 4:40 a.m. Eastern. Ether spiked shortly after.
15 Million N95s Without A Buyer
A lot of us first heard of N95 masks, the gold standard of face masks, at the start of the coronavirus pandemic. They were almost impossible to get at the time, which makes sense considering the astronomical spike in demand and the fact that some countries had restricted exports.
The mask shortage never went away though. Prices for N95s are still much higher than pre-pandemic levels, meaning many health care workers have to reuse masks. But there’s also an N95 supply glut at the exact same time.
Biden unveils ‘once in a generation’ spending plan
US President Joe Biden has called for trillions in spending aimed at re-igniting America’s economic growth by upgrading its crumbling infrastructure and tackling climate change.
The $2.3tn (£1.7tn) proposal would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes.
Global Petroplastic Markets Set To Explode This Year
In a sharp reversal of fortunes, oil markets have gone into another tailspin with prices dipping by the biggest margin since the historic April crash. WTI and Brent crude recorded earlier this month the biggest drop in absolute terms since April 2020, when oil prices entered negative territory for the first time in history. Volatility continued during the last trading sessions of the week, with prices stabilizing on Friday. Opinions on the oil trajectory remain deeply divided, with the bulls saying the oil markets are simply taking a breather after an epic 6-month run. The bears counter by arguing that a crash was inevitable since the massive rally was not supported by fundamentals.
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The post Daily Digest 3/31 – Johnson & Johnson Reports Vaccine Batch Ruined At Baltimore Factory, Lagarde Says ECB Could Have Digital Currency Within Four Years appeared first on Peak Prosperity.
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