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New York Mayor Adams says city is winning the war against omicron as cases decline

Eric Adams, mayor of New York, speaks during a news conference outside the Manhattan Civil Courthouse in New York, on Thursday, Jan. 13, 2022.Stephanie Keith | Bloomberg | Getty ImagesNew York City is winning the war against the highly contagious omicron Covid-19 variant as cases trend down, Mayor Eric Adams said Tuesday morning.New York City's seven-day average of new cases has dropped below 20,000, less than half of the peak from earlier January when cases averaged nearly 43,000, Adams told reporters at a press…

Investment in space companies hit record $14.5 billion in 2021, report says

A rendering on a Dream Chaser spaceplane in orbit.Sierra SpacePrivate investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital.Space infrastructure companies received $14.5 billion of private investment in 2021, a new annual record that was up more than 50% from 2020. That includes a record-setting fourth quarter, which brought in $4.3 billion thanks to "mega-rounds" of $250 million or more by Sierra Space, Elon Musk's SpaceX, and Planet Labs.The quarterly…

We have a chance to end Covid emergency in 2022, WHO official says

Executive Director of the WHO Emergencies Program Mike Ryan speaks at a news conference in Geneva, Switzerland on Feb. 6, 2020.Denis Balibouse | ReutersCovid-19 will never be eradicated, but society has a chance to end the public health emergency in 2022, a senior WHO official has said.Speaking at the World Economic Forum's virtual Davos Agenda event on Tuesday, Michael Ryan, executive director of the WHO Health Emergencies Programme, said."We won't end the virus this year, we won't ever end the virus — what we can end is…

Oil prices are at a 7-year high, but Exxon CEO Darren Woods says the ultimate trend is lower

Darren Woods, CEO, ExxonMobilMichael Newberg | CNBCOil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Woods said the ultimate trend for prices will be lower.In the immediate future, however, the oil executive said the market should expect volatile prices as the industry's recovery from Covid-19 continues."As you get supply and demand tighter, events that happen around the world ... lead to a lot more volatility because there's…

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Peloton hires McKinsey to review cost structure; cycle maker may cut jobs, close stores

Peloton is working with the management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. Job cuts were discussed in a recent call with members of Peloton's management team, according to a recording obtained by CNBC. The apparel division, which has seen particularly weak sales, is one area that could be targeted. The company doesn't disclose revenue in its apparel business. Peloton is also considering asking employees at its retail stores to take…

5 things to know before the stock market opens Tuesday

Here are the most important news, trends and analysis that investors need to start their trading day:1.Nasdaq set to drop as short and long bond yields riseA trader works on the floor of the New York Stock Exchange at the closing bell January 14, 2022, in New York.Timothy A. Clary | AFP | Getty Images2. Activision soars on Microsoft deal to buy the video game giantA gamer plays the video game 'Call of Duty: Black Ops' developed by Treyarch and published by Activision during the 'Paris Games Week' on October 25, 2018 in…

Covid can turn kids into ‘fussy eaters’ if it changes their sense of smell

A child wears a KN95 protective mask for kids arranged in Hastings-on-Hudson, New York, U.S., on Thursday, Jan. 13, 2022.Tiffany Hagler-Geard | Bloomberg | Getty ImagesChildren who have recovered from Covid-19 may experience a distorted sense of smell afterwards which could affect the foods they will eat, according to experts in the U.K."Parosmia" — when people experience strange and often unpleasant smell distortions — is relatively common after a Covid infection, with 250,000 adults in the U.K. estimated to have…

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