Rebecca Spalding
Rebecca Spalding
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Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade

Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade

By , , (Reuters) - Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pick-up in trade.It would be the largest ever combination of North American railways by transaction value. It comes amid a recovery in supply chains that were disrupted by the COVID-19 pandemic, and follows the ratification of the US-Mexico-Canada Agreement (USMCA) last year that removed the threat of trade tensions that had escalated under former U.S....

March 21, 2021
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CVS completes first round of COVID-19 vaccination at 8,000 U.S. nursing homes

CVS completes first round of COVID-19 vaccination at 8,000 U.S. nursing homes

By , (Reuters) - CVS Health Corp has completed the first round of COVID-19 vaccinations at about 8,000 U.S. skilled nursing facilities that were part of a federal program, the drugstore chain said on Monday.Slideshow Administration of second doses is expected to be completed within four weeks, the company said.CVS said it will complete first vaccinations in the 40,000 long-term care facilities that have contracted with the company by mid-February, and said it has completed the first vaccinations of residents in skilled-nursing facilities. Most states have moved on to begin vaccinations of...

January 25, 2021
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Millions of U.S. vaccine doses sit on ice, putting 2020 goal in doubt

Millions of U.S. vaccine doses sit on ice, putting 2020 goal in doubt

By , (Reuters) -Millions of COVID-19 vaccines are sitting unused in U.S. hospitals and elsewhere a week into the massive inoculation campaign, putting the government’s target for 20 million vaccinations this month in doubt.As of Wednesday morning, only 1 million shots of the Pfizer-BioNTech COVID-19 vaccine had been given, about one-third of the first shipment sent last week. Over 9.5 million doses of vaccines, including Moderna’s, have now been sent to states, according to the U.S. Centers for Disease Control and Prevention.While hospitals have started giving out Moderna’s vaccine, the CDC...

December 23, 2020
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