The US economy grew at a solid rate of 3.2% in the fourth quarter of last year, a slight downgrade from the government’s initial estimate. Despite the adjustment, the growth still showcases a strong performance by the economy in the final months of 2021.
The Food and Drug Administration (FDA) has announced its approval of Iovance Biotherapeutics’ Amtagvi as the first T-cell therapy for a solid tumor. This groundbreaking decision by the FDA marks a significant milestone in the field of cancer treatment.
Chipotle Mexican Grill has reported strong financial results for the second quarter, surpassing analysts’ expectations. As a result, the fast-casual restaurant chain’s CEO, Brian Niccol, confidently stated that Chipotle has the potential to double its number of locations in the near future.
**Growth in job market deemed positive, yields expected to rise**
Jim Cramer, a renowned investor and television host, has sounded the alarm following the release of unexpected inflation numbers on Thursday. As concerns over rising prices continue to rattle investors, Cramer emphasizes the importance of a robust earnings season to restore confidence in the market.
The labor market in the United States continues to show resilience as solid job growth and a drop in the unemployment rate highlight the country’s economic recovery. Despite ongoing challenges posed by the COVID-19 pandemic, the latest figures indicate positive trends that point towards a strengthening economy.
