The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021.Andrew Kelly | ReutersMerck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive results in a mid- to late-stage trial, bringing the company one step...
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South Fork Wind offers a glimpse at what’s possible as offshore wind power projects struggle to gain traction
South Fork wind turbine off the east coast of Montauk, New York.Pippa Stevens | CNBCGREENPORT, N.Y. – Roughly 35 miles off the east coast of Montauk, New York, 12 turbines gently spin in the wind at Orsted's newly developed South Fork Wind farm. The project, which connected to the grid...
Why 401(k) plans are the ‘final frontier’ for exchange-traded funds
Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants.Exchange-traded funds, or ETFs, debuted in the early 1990s and have since captured about $10 trillion.Mutual funds hold about $20 trillion, but ETFs have chipped away at their...
Wealthy millennials and Gen Z are redefining philanthropy
Solstock | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves...
UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
A wet Piccadilly Circus during a rainy morning in the West End, on 26th September 2024, in London, England. Richard Baker | In Pictures | Getty ImagesLONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday, ramping up market expectations for a...