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First oral antiviral treatment for Covid-19

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US Food and Drug Administration has authorised the first oral antiviral treatment for COVID-19

Made by Pfizer, it’s the first treatment of its kind and is made for ill people to take at home before they get sick enough to be hospitalised.

Dubbed PAX-LOVID it combines a new antiviral drug named and an older one.

Pfizer has recently released results that show the pill cuts the risk of hospitalisation or death by 89 percent when given to high-risk individuals within a few days of their first symptoms.

US President Joe Biden has previously labeled the treatment a “potentially powerful tool in the fight against the virus, including the Omicron variant”.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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