FDA Authorizes First Oral Antiviral for Treatment of COVID-19

FDA Authorizes First Oral Antiviral for Treatment of COVID-19

Silver Spring, MD…Today, the U.S. Food and Drug Administration issued an emergency use authorization (EUA) for Pfizer’s Paxlovid (nirmatrelvir tablets and ritonavir tablets, co-packaged for oral use) for the treatment of mild-to-moderate coronavirus disease (COVID-19) in adults and pediatric patients (12 years of age and older weighing at least 40 kilograms or about 88 pounds) with positive […]

Federal Reserve to Reduce Monthly Rate of Asset Purchases Due to Inflationary Pressures

Federal Reserve to Reduce Monthly Rate of Asset Purchases Due to Inflationary Pressures

Washington, DC….The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by […]

Producer Price Index Soars to 9.6% Annualized Rate

Producer Price Index Soars to 9.6% Annualized Rate

Sacramento, CA…The Producer Price Index for final demand increased 0.8 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.6 percent in each of the 3 prior months. (See table A.) On an unadjusted basis, the final demand index rose 9.6 percent for the 12 months […]

Governor Newsom, First Partner Siebel Newsom Encourage Californians to Shop Local for the Holidays

Governor Newsom, First Partner Siebel Newsom Encourage Californians to Shop Local for the Holidays

Sacramento, CA…Governor Gavin Newsom and First Partner Jennifer Siebel Newsom visited Strapping, a Sacramento gift shop, and encouraged Californians to shop local for the holidays. “California’s small businesses are the backbone of our economy, creating over two-thirds of our jobs and supporting our nation-leading recovery,” said Governor Newsom and First Partner Siebel Newsom, who today […]

U.S. Economy Added 210,000 in November & Unemployment Drops to 4.2%

U.S. Economy Added 210,000 in November & Unemployment Drops to 4.2%

Washington, DC…Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. This news […]

PG&E News Release: Serving Up a Full Plate of Gratitude and a Side Dish of Energy Savings for Our Customers This Thanksgiving

PG&E News Release: Serving Up a Full Plate of Gratitude and a Side Dish of Energy Savings for Our Customers This Thanksgiving

San Francisco, CA…As we take time to feast and give thanks, the 25,000 coworkers of Pacific Gas and Electric Company (PG&E) want to express sincere appreciation for our customers. Our community only works when we support one another. We are honored to be a part of it and privileged to provide energy service to millions […]

President Biden Nominates Jerome Powell to Serve as Chair of the Federal Reserve, Dr. Lael Brainard to Serve as Vice Chair

President Biden Nominates Jerome Powell to Serve as Chair of the Federal Reserve, Dr. Lael Brainard to Serve as Vice Chair

Washington, DC…Today, President Biden announced his intent to nominate Jerome Powell for a second term as Chair of the Board of Governors of the Federal Reserve System and to nominate Dr. Lael Brainard to serve as Vice Chair of the Board of Governors of the Federal Reserve System. While our country still faces challenges as […]

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