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A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois, Dec. 30, 2021.Brian Cassella | Tribune News Service | Getty ImagesThe Food and Drug Administration is considering revoking its authorization of Pfizer’s Covid-19 vaccine for healthy children under the age of 5, the drugmaker confirmed to CNBC on Tuesday. The move could leave many kids with no available shot against the virus, as jabs from Moderna and Novavax are cleared for more limited populations. While Covid typically causes mild symptoms in most children, others, such as infants under 1 or those…

The recently passed One Big Beautiful Bill Act added a sweeping array of provisions affecting individuals as well as businesses. Andrew Whitehair, director in the national tax practice of Top 10 Firm Baker Tilly, noted that one major area it’s making sure its clients understand is the many Tax Cuts and Jobs Act changes that have been made permanent. “We had been starting to prime a lot of our clients earlier this year and last year, in the absence of some new legislation, to expect there to be a sunset and a reversion back to the pre-TCJA tax rates and brackets,” he…

The Internal Revenue Service is starting to give taxpayers access to the official document from IRS Appeals Officers about why a determination was made for or against them.The move comes after years of requests from National Taxpayer Advocate Erin Collins, who heads the Taxpayer Advocate Service. She described the change in policy in a blog post Tuesday, but acknowledged that it falls short of her recommendation for the IRS Independent Office of Appeals to automatically provide taxpayers with a copy of the Appeals Case Memorandum, which explains how and why an Appeals Officer reached a final determination.She noted that the…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Just as artificial intelligence turned the data center sector into a gold mine, quantum computing is already ramping up to its own real estate revolution. Quantum computing uses quantum mechanics to solve problems beyond the ability of the most powerful classical computers. Until now, these super computers have mostly lived…

Jaque Silva | Lightrocket | Getty ImagesSatellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX.The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that its satellites are fully funded and preparing for deployment with more than $1.5 billion on its balance sheet.Shares of the space company surged more than 10% on the news on Tuesday. The stock is up more than 140% year to date in what’s been a boom for…

The Internal Revenue Service needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new government report, especially now that the new tax law includes a $5,000 refundable credit. The report, released Monday by the Government Accountability Office, found the IRS’s messages about the adoption tax credit haven’t been clear or consistent enough, and the IRS hasn’t been doing enough to reach out to key adoption stakeholders, such as state adoption agencies, with the relevant information. Confusion about eligibility for the credit could mean that taxpayers are not getting the…