President Joe Biden announced that his administration is on track to have enough anti-coronavirus vaccine supply for every adult in the United States by the end of May.
To achieve this target, Johnson & Johnson will work with Merck to expand the production of the single-shot coronavirus vaccine developed by its vaccine division, Janssen Biotech.
Biden said he invoked the Defense Production Act to equip two Merck facilities to the standards necessary to safely manufacture the J&J vaccine.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.