Biden to end COVID-19 emergency declaration, UBS beats on earnings, Boeing delivers final 747 – Yahoo Finance

by | Jan 31, 2023 | COVID-19

Notable business headlines include the Biden administration’s plans to end the COVID-19 emergency declaration and Title 42 border policy, UBS announcing a $5 billion share buyback, and Boieng delivering the final 747 to a cargo carrier.Video Transcript[AUDIO LOGO]JULIE HYMAN: Let’s get down to business now. A look at some of the other headlines that we are watching. Among them, the Biden administration set to end the COVID-19 emergency declaration in May, signaling that the pandemic has entered a new less urgent phase. This is even as about 500 people a day are dying in the US still as a result of the disease.As the declaration winds down, it means less free provided or reimbursed testing, although COVID vaccines will still come at no cost. It also means the conclusion of Title 42, the controversial US border policy that allows for the emergency expulsion of migrants. The overall emergency declaration was first issued under President Trump and extended multiple times across two different administrations.UBS has beaten expectations with fourth-quarter earnings while also announcing a $5 billion share buyback. Switzerland’s biggest bank did, however, see a dip in revenues on slower client activity. UBS’s all important wealth management division, usually a key focus for investors, benefited from the higher interest rate envi …

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