J&J seeks FDA clearance for COVID-19 booster shot
Johnson & Johnson asks the FDA to authorize boosters for adults who received the one dose vaccine. Data cover two through six month intervals with no formal brand recommendation. Regulators review J&J and Moderna data next week as U S officials push to broaden booster use amid delta variant concerns.
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Yellen Urges Prompt Action on Debt Ceiling Rise
U S Treasury Secretary Janet Yellen warned CNBC that October 18 is likely the limit before an unprecedented debt default could occur without Congress raising the debt limit. She rejected minting a 1 trillion dollar coin and said such steps would be catastrophic, risking Social Security payments and other government obligations. Biden pressed Republicans to back a raise as risks of default loom.
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