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Sarah Ostrowski was convinced to finally get vaccinated after reading numerous stories on Reddit’s r/HermanCainAward of unvaccinated people dying from Covid-19.
Courtesy of Sarah Ostrowski

For most of the pandemic, Sarah Ostrowski went to her full-time gas station job in Indiana, accepting the risk of being unvaccinated. Many times a day she interacted with customers and even cleaned up the public bathroom with no protection beyond her mask.

Ostrowski doesn’t believe Covid-19 is a hoax. She takes it seriously. But she had reasons for not getting the shot.

She was concerned about the Johnson & Johnson vaccine causing blood clots, as had been reported in a few recipients. She was hesitant about the mRNA technology used to develop the Moderna and Pfizer vaccines. She also worried about potential side effects forcing her to take time off work.

And then there were her parents, who were constantly spouting anti-vaccine rhetoric, warning her that she would die if she got the shot.

“You care about what your parents think of you and whether or not they think that you’re making a good decision or the right decision,” Ostrowski said. “It’s almost like a groupthink kind of thing. Even though you know the answer is wrong you’re still going to say it just to fit in or conform.”

That all changed last month. Ostrowski, who regularly scrolls through her feed on social media site Reddit, stumbled upon the forum r/HermanCainAward. It’s a grim section of the app dedicated to showing visitors the real-life consequences of being unvaccinated and catching the coronavirus.

Reddit users upload screenshots multiple times a day of people who previously posted anti-vaccine comments and content on Facebook only to end up getting sick with Covid-19 before dying. The name of the subreddit refers to former Republican presidential candidate Herman Cain, who died from Covid-19 in July 2020, after refusing to wear a mask and attending a Donald Trump re-election campaign event.

“Nominees have made public declaration of their anti-mask, anti-vax, or Covid-hoax views, followed by admission to hospital for Covid,” the page description reads. “The Award is granted upon the nominee’s release from their Earthly shackles.”

Since the subreddit’s creation in September 2020, it’s expanded to more than 375,000 members, with the top posts garnering thousands of user interactions. The forum has been the 10th fastest-growing subreddit over the past 30 days, according to FrontPageMetrics.com, which tracks Reddit usage.

An entry this week included a screenshot of an Aug. 12 post from a man who put a meme out to his followers: “I heard the government is putting chips inside of people. I hope I get Doritos.”

A friend of the man later wrote on his feed that he was asking for prayers because the man and his wife had both been hospitalized with Covid-19. The wife had to have an emergency C-section to deliver their baby over 10 weeks early.

A following post came from the man’s wife: “The world lost an amazing daddy, husband, brother, son, and friend today. My heart is in a million pieces.”

‘I was done playing’

Ostrowki said she’d eventually seen enough. On Sept. 12, she got her first shot. 

“If dad thinks I’m an idiot because I fell for the government and I’m a sheep, so be it,” Ostrowski said. “I clean a public restroom for Christ’s sake. I deal with some really gross stuff. So no, I was done playing.”

During the pandemic, social media sites turned into a haven for misinformation and conspiracy theories, whether related to masks, the vaccines or advice from public health experts. Facebook, in particular, has struggled to weed out false content, with users sharing misinformation even in the comments section of posts from authoritative sources, according to internal company documents reviewed last month by the Wall Street Journal.

With multiple vaccines having been available for months for anyone 12 or older, vaccine resistance has become the central challenge to ending Covid-19. President Joe Biden said as recently as last month, “This is a continuing pandemic of the unvaccinated.”

Only 57% of the country has been vaccinated, based on data from the Centers for Disease Control and Prevention, and 22% of Americans self-identify as anti-vaxxers, according to an academic study published in May. Experts, including White House coronavirus advisor Dr. Anthony Fauci, have said the U.S. will need as much as 90% of the population to get vaccinated in order to reach herd immunity.

US President Joe Biden speaks to reporters on the South Lawn upon return to the White House in Washington, DC on October 5, 2021.
Mandel Ngan | AFP | Getty Images

Since hitting the U.S. in March 2020, over 722,000 American have died from Covid-19. Ostrowski said the harrowing stories of death among the unvaccinated have had a major impact on her.

“It really hits home when you literally see yourself in these people,” she said. 

Reddit still has plenty of anti-vaccine content across its site, which reaches over 50 million daily active users. As it gears up to go public, Reddit recently took steps to remove several subreddits that were being used to share misinformation. But numerous subreddits are still surfacing such content with names like r/Conservative, r/Ivermectin and r/FauciForPrison.

A Reddit spokesperson said the company has policies in place to remove inaccurate posts on Covid-19 vaccines.  

“Our Content Policy prohibits many kinds of harmful content, including health-related disinformation and other forms of manipulated content,” the Reddit spokesperson said in a statement. “We have experienced teams dedicated to detecting and actioning content that violates our policies. As a result of these teams’ efforts, we remove 99% of violating content before a user sees it.”

Family dynamics

Chana Joly visits r/HermanCainAward with regularity. She said she does it for her dad.

Despite losing her brother to Covid-19 in January, Joly’s dad has refused to get vaccinated. She said he’s been radicalized in the past few years by misinformation and anti-vaccine conspiracies.

“I think it’s especially sad with my dad because he is an educated person,” Joly said. “He’s not unintelligent. He just believes people he shouldn’t.”

Joly scrolls through the Reddit forum to gather stories that she can send her dad. When he gets defensive and disputes the posts she shares, she tells him to prove her wrong.

“You find me these stories on social media,” Joly said, describing what she tells her dad. “These people dying in their own words from the vaccine. Find me these stories and you show me as many of those as I’m showing you of these. Or even a tenth of them.”

Reddit user Chana Joly visit r/HermanCainAward to gather stories of real anti-vaxx people who die from Covid-19 that she can send to her dad, who has yet to get vaccinated.
Courtesy of Chana Joly

Reddit user Rockets9495 of Houston is a medical doctor who works in an emergency room. He uses r/HermanCainAward for anecdotes that he can share with nurses, technicians and patients who may be on the fence.

He agreed to speak with CNBC but didn’t want to disclose his name publicly to maintain his privacy. He showed CNBC his hospital badge.

“Misinformation is so goddamn dangerous, especially after this last president,” the doctor said. “This is not a game. This is not a joke. You don’t live in a Tom Clancy novel. This is real.”

He said that scientific evidence hasn’t been effective for him in trying to convince people about the safety of the vaccines.

“But this seemingly weaker evidence — word of mouth, anecdotal ‘All these people are dying’ — seems to hit people way harder,” the doctor said.  

A different kind of award

The subreddit also includes some stories with happy endings. Those posts get labeled IPAs, or Immunized to Prevent Awards, and are given to users who show pictures of their vaccine immunization cards on the channel as proof that they got their shots.

A Reddit user with the handle lovelylady227 achieved the label.

“This subreddit was what fully convinced me, after waffling back and forth,” she wrote on Sept. 22, adding that she’s “officially out of the running” for the award that gave the channel its name.

Her post got tagged with the IPA label and received more than 7,000 upvotes and 380 comments. She posted her immunization card on Reddit after getting her second dose.

Lovelylady227 is a woman named Hannah. She asked to have only her first name published because she hasn’t told her anti-vaccine family members about her decision.

Hannah received her first dose of Moderna’s vaccine in August, but became fearful of getting the second shot after hearing her parents and her sister, who works in health care, discuss their concerns about the vaccines. Her family members would show anti-vaccine content on their phones to one another, and they believe that people who are vaccinated are shedding the virus.

Hannah went to Reddit in search of information. She started at r/CovidVaccine. There she found numerous posts from people complaining about the side effects they’d experienced after getting their second shots. Some described trembling, and others said they’d suffered heart attacks. 

“It just really freaked me out,” she said.

Hannah’s continued browsing on Reddit eventually brought her to r/HermanCainAward. What she found struck a nerve.

She read stories that start with people mocking the vaccine and end with their spouse asking friends to contribute to a GoFundMe page because of the hospital bills or the funeral expenses.

“You don’t really realize how bad it is to be in the hospital with Covid until you see these people who are somehow giving you a play-by-play,” Hannah said. “When you get those first-hand experiences from a Facebook profile, and you see the people experiencing regret, it’s just like, ‘Oh man, I really need to take this seriously. I can’t put it off anymore.'”

Hannah said she’s hoping to wait until three months after her vaccine before casually bringing it up with her family. At that point, she can show them that no harm has been done.

“The fact that they won’t have noticed anything different is one of my main hopes,” she said.

In the meantime, she’s grateful for the positive reaction she received on Reddit after posting her vaccination card. 

“I know you don’t need other people to tell you you did the right thing, but it sure helps when there’s a bunch of people saying, ‘Hey, good job,'” she said. “Because it’s not coming from my family, that’s for sure.”

Ostrowski, the gas station manager, also received an Immunized to Prevent Award for posting her vaccine card. 

“Late to the party but finally fully vaxxed,” she wrote on Oct. 4. The post received more than 2,000 upvotes and more than 100 comments. 

She said she’s hoping to encourage more people to acknowledge they were wrong and that they can still change directions.

“I finally came around and made the right decision,” she said.

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USDC stablecoin issuer Circle files for IPO as public markets open to crypto

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USDC stablecoin issuer Circle files for IPO as public markets open to crypto

Jeremy Allaire, Co-Founder and CEO, Circle 

David A. Grogan | CNBC

Circle, the company behind the USDC stablecoin, has filed for an initial public offering with the U.S. Securities and Exchange Commission.

The S1 lays the groundwork for Circle’s long-anticipated entry into the public markets.

While the filing does not yet disclose the number of shares or a price range, sources told Fortune that Circle plans to move forward with a public filing in late April and is targeting a market debut as early as June.

JPMorgan Chase and Citi are reportedly serving as lead underwriters, and the company is seeking a valuation between $4 billion and $5 billion, according to Fortune.

This marks Circle’s second attempt at going public. A prior SPAC merger with Concord Acquisition Corp collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance — including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York City.

Read more about tech and crypto from CNBC Pro

Circle is best known as the issuer of USDC, the world’s second-largest stablecoin by market capitalization.

Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation.

Circle is best known as the issuer of USDC, the world’s second-largest stablecoin by market capitalization.

Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation. It makes up about 26% of the total market cap for stablecoins, behind Tether‘s 67% dominance. Its market cap has grown 36% this year, however, compared with Tether’s 5% growth.

Coinbase CEO Brian Armstrong said on the company’s most recent earnings call that it has a “stretch goal to make USDC the number 1 stablecoin.” 

The company’s push into public markets reflects a broader moment for the crypto industry, which is navigating renewed political favor under a more crypto-friendly U.S. administration. The stablecoin sector is ramping up as the industry grows increasingly confident that the crypto market will get its first piece of U.S. legislation passed and implemented this year, focusing on stablecoins.

Stablecoins’ growth could have investment implications for crypto exchanges like Robinhood and Coinbase as they integrate more of them into crypto trading and cross-border transfers. Coinbase also has an agreement with Circle to share 50% of the revenue of its USDC stablecoin.

The stablecoin market has grown about 11% so far this year and about 47% in the past year, and has become a “systemically important” part of the crypto market, according to Bernstein. Historically, digital assets in this sector have been used for trading and as collateral in decentralized finance (DeFi), and crypto investors watch them closely for evidence of demand, liquidity and activity in the market.

More recently, however, rhetoric around stablecoins’ ability to help preserve U.S. dollar dominance – by exporting dollar utility internationally and ensuring demand for U.S. government debt, which backs nearly all dollar-denominated stablecoins – has grown louder.

A successful IPO would make Circle one of the most prominent crypto-native firms to list on a U.S. exchange — an important signal for both investors and regulators as digital assets become more entwined with the traditional financial system.

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Hims & Hers shares rise as company adds new weight-loss medications to platform

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Hims & Hers shares rise as company adds new weight-loss medications to platform

The Hims app arranged on a smartphone in New York on Feb. 12, 2025.

Gabby Jones | Bloomberg | Getty Images

Hims & Hers Health shares closed up 5% on Tuesday after the company announced patients can access Eli Lilly‘s weight loss medication Zepbound and diabetes drug Mounjaro, as well as the generic injection liraglutide, through its platform.

Zepbound, Mounjaro and liraglutide are part of the class of weight loss medications called GLP-1s, which have exploded in popularity in recent years. Hims & Hers launched a weight loss program in late 2023, but its GLP-1 offerings have evolved as the company has contended with a volatile supply and regulatory environment.

Lilly’s weekly injections Zepbound and Mounjaro will cost patients $1,899 a month, according to the Hims & Hers website. The generic liraglutide will cost $299 a month, but it requires a daily injection and can be less effective than other GLP-1 medications.

“As we look ahead, we plan to continue to expand our weight loss offering to deliver an even more holistic, personalized experience,” Dr. Craig Primack, senior vice president of weight loss at Hims & Hers, wrote in a blog post.

A Lilly spokesperson said in a statement that the company has “no affiliation” with Hims & Hers and noted that Zepbound is available at lower costs for people who are insured for the product or for those who buy directly from the company. 

In May, Hims & Hers started prescribing compounded semaglutide, the active ingredient in Novo Nordisk‘s GLP-1 weight loss medications Ozempic and Wegovy. The offering was immensely popular and helped generate more than $225 million in revenue for the company in 2024.

But compounded drugs can traditionally only be mass produced when the branded medications treatments are in shortage. The U.S. Food and Drug Administration announced in February that the shortage of semaglutide injections products had been resolved.

That meant Hims & Hers had to largely stop offering the compounded medications, though some consumers may still be able to access personalized doses if it’s clinically applicable. 

During the company’s quarterly call with investors in February, Hims & Hers said its weight loss offerings will primarily consist of its oral medications and liraglutide. The company said it expects its weight loss offerings to generate at least $725 million in annual revenue, excluding contributions from compounded semaglutide.

But the company is still lobbying for compounded medications. A pop up on Hims & Hers’ website, which was viewed by CNBC, encourages users to “use your voice” and urge Congress and the FDA to preserve access to compounded treatments.

With Tuesday’s rally, Hims and Hers shares are up about 27% in 2025 after soaring 172% last year.

WATCH: Hims & Hers shares tumble over concerns around weight-loss business

Hims & Hers shares tumble over concerns around weight-loss business

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Meta’s head of AI research announces departure

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Meta's head of AI research announces departure

Meta CEO Mark Zuckerberg holds a smartphone as he makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.

Manuel Orbegozo | Reuters

Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company. 

Joelle Pineau, the company’s vice president of AI research, announced her departure in a LinkedIn post, saying her last day at the social media company will be May 30. 

Her departure comes at a challenging time for Meta. CEO Mark Zuckerberg has made AI a top priority, investing billions of dollars in an effort to become the market leader ahead of rivals like OpenAI and Google.

Zuckerberg has said that it is his goal for Meta to build an AI assistant with more than 1 billion users and artificial general intelligence, which is a term used to describe computers that can think and take actions comparable to humans.

“As the world undergoes significant change, as the race for AI accelerates, and as Meta prepares for its next chapter, it is time to create space for others to pursue the work,” Pineau wrote. “I will be cheering from the sidelines, knowing that you have all the ingredients needed to build the best AI systems in the world, and to responsibly bring them into the lives of billions of people.”

Vice President of AI Research and Head of FAIR at Meta Joelle Pineau attends a technology demonstration at the META research laboratory in Paris on February 7, 2025.

Stephane De Sakutin | AFP | Getty Images

Pineau was one of Meta’s top AI researchers and led the company’s fundamental AI research unit, or FAIR, since 2023. There, she oversaw the company’s cutting-edge computer science-related studies, some of which are eventually incorporated into the company’s core apps. 

She joined the company in 2017 to lead Meta’s Montreal AI research lab. Pineau is also a computer science professor at McGill University, where she is a co-director of its reasoning and learning lab.

Some of the projects Pineau helped oversee include Meta’s open-source Llama family of AI models and other technologies like the PyTorch software for AI developers.

Pineau’s departure announcement comes a few weeks ahead of Meta’s LlamaCon AI conference on April 29. There, the company is expected to detail its latest version of Llama. Meta Chief Product Officer Chris Cox, to whom Pineau reported to, said in March that Llama 4 will help power AI agents, the latest craze in generative AI. The company is also expected to announce a standalone app for its Meta AI chatbot, CNBC reported in February

“We thank Joelle for her leadership of FAIR,” a Meta spokesperson said in a statement. “She’s been an important voice for Open Source and helped push breakthroughs to advance our products and the science behind them.” 

Pineau did not reveal her next role but said she “will be taking some time to observe and to reflect, before jumping into a new adventure.”

WATCH: Meta awaits antitrust fine from EU

Meta awaits antitrust fine from EU

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