But researchers find that Paxlovid reduced hospitalizations among people 65 and older by roughly 75 percent.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Morning Sentinel, News
Some customers irked by UniTel’s decision to end email service
Officials with UniTel, the regional telecommunications company with offices in Unity, say the decision was necessary to realign services as the company works to remain competitive in an evolving industry.
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Posted inBusiness, Nation & World, News
Biden’s student loan forgiveness plan could help more than 40 million people
Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
Posted inBusiness, New England, News
Drought-related disaster declared in Rhode Island
The move allows eligible farms to be considered for emergency federal aid.
Posted inBusiness, Nation & World, News
Macy’s, Nordstrom cut profit views along with inventories
Both retailers are suffering from an affliction plaguing most of their competitors: A glut of unsold inventory that they’re resorting to pricing at deep discounts to move.
Posted inBusiness, Maine
Inflation drives up demand at Maine food banks
Augusta Food Bank is among those who have seen growth in demand over the past year while donations from stores are down.
Posted inBusiness
As Amazon grows, so does its eye on consumers
The e-commerce giant is moving into the health care sector following its buyout of One Medical and it plans to merge with iRobot, the maker of Roomba vacuums.
Posted inBusiness, Nation & World
As inflation soars, access to Indigenous foods declines
Healthy eating is key to battling diabetes, which afflicts Native Americans at the highest rate of any ethnic group in the U.S.
Posted inBusiness
Cineworld considers bankruptcy as struggles continue
The British company owns Regal Cinemas in the U.S. and operates in 10 countries, including locations in Maine.
Posted inBusiness
Stocks fall broadly on Wall Street, extending market losses
The S&P 500 has its biggest slide since mid-June.