Categories
Business

Treasury yields fall amid fears of latest coronavirus pressure

U.S. government debt prices rose Tuesday as investor sentiment was shaken by a rapidly spreading new strain of coronavirus in the UK

The yield on the benchmark 10-year Treasury note fell to around 0.918% while the yield on the 30-year Tresury note fell to 1.656%. Bond yields move inversely with prices.

On Monday, 10-year government bond yields fell below 0.9% as fears over the new Covid variant sparked demand for the relative security of government bonds.

The variant, which scientists say is up to 70% more transmissible than previous tribes, forced the UK government to shut down London and other parts of south east England and track the mix of households during the Christmas break.

It also resulted in several countries around the world closing their borders with the UK, disrupting travel and raising concerns about possible food shortages as the deadline for the Brexit transition drew near.

Still, investors could find some solace in a $ 900 billion Congressional bailout package for Covid-19 and longer-term optimism about vaccine rollout worldwide.

On Monday, Congress passed a mammoth coronavirus aid and government spending package. The package includes an increase in unemployment benefits, more small business loans, an additional $ 600 in direct payment, and funding to streamline the critical distribution of Covid-19 vaccines. The bill now goes to President Donald Trump’s desk.

Meanwhile, investors are also watching coronavirus vaccines roll out. With the Pfizer BioNTech vaccine already rolled out nationwide, about 6 million doses of the Moderna vaccine were distributed on Sunday.

In terms of data, third quarter GDP numbers are expected at 8:30 a.m. ET, while consumer confidence and existing home sales are expected at 10 a.m. ET.

Categories
Health

New coronavirus pressure weighs on sentiment

LONDON – European stocks were higher Tuesday morning, trying to bounce back from a brutal sell-off in the previous session as investor sentiment was shaken by a new strain of coronavirus in the UK

The pan-European Stoxx 600 rose 1.1%, with the German DAX and French CAC index rising 1.3% each. The UK’s FTSE 100 bucked the trend, falling 0.2%. Bank stocks were the top winners, up 2.2%, with Lloyds gaining over 4% to lead the sector.

European markets came under heavy selling pressure on Monday as they had concerns about a rapidly spreading Covid mutation, first identified in the UK. The new variant forced the British government to shut down London and other parts of south-east England and to trace the confusion of households over the Christmas break.

The variant, which scientists say is up to 70% more transmissible than previous strains in the UK, has also been identified in Italy, the Netherlands, Belgium, Denmark and Australia. It has resulted in several countries around the world closing their borders with the UK, disrupting travel and raising concerns about possible food shortages as the deadline for the Brexit transition approaches.

Meanwhile, the UK and EU remain bogged down on post-Brexit trade relations as the December 31 deadline draws nearer and disputes over issues such as fisheries plague talks. British Prime Minister Boris Johnson said Monday the country could still collapse without a deal.

“The position is unchanged, there are problems,” British Prime Minister Boris Johnson told reporters on Monday. “It is important for everyone to understand that Britain needs to be able to fully control its own laws and that we need to be able to control our own fisheries.”

“The case remains that the WTO terms are more than satisfactory for the UK and we can certainly face any difficulties that come our way.”

Sterling extended Monday’s losses on Tuesday, falling another 0.2% to around $ 1.34.

Official data showed that UK GDP grew a record 16% in the third quarter, but still didn’t make up for an 18.8% decline in the previous quarter when much of the economy closed.

In Asia, stocks fell on jitter over the new strain of coronavirus. The broadest MSCI index for stocks in Asia Pacific outside Japan fell 0.43%.

On Wall Street, stock futures were mixed after a volatile session in which the Dow Jones Industrial Average cut a 400-point deficit.

The muted move came when Congress passed a coronavirus aid and government spending package on Monday evening. The bill now goes to President Donald Trump’s desk.

On the individual stock market, UK supermarket stocks came under pressure Tuesday after warning that disruption from international travel bans could create gaps on store shelves. Sainsbury was down nearly 0.5% while B&M European was down 0.2%.

Categories
Politics

AG William Barr says Russia behind SolarWinds hack, contradicts Trump

WASHINGTON – Outgoing Attorney General William Barr said Monday that the massive SolarWinds hack by US government agencies “certainly” appears to be Russia’s job, which President Donald Trump contradicts.

Barr identified Russia as the likely perpetrator of the cyber attack and sided with Secretary of State Mike Pompeo and the rest of the National Security Institute, but contradicted the president.

Barr made the remarks during an impromptu press conference just two days before he was due to leave his job.

After several days of silence over the sweeping violation of government and private sector networks, Trump downplayed the severity of the attack in two tweets over the weekend. He suggested with no evidence that it could be China, not Russia, to blame.

“The cyber hack is far bigger in the fake news media than it is in reality,” wrote Trump. “I’ve been given full information and everything is well under control. Russia, Russia, Russia is the primary chant if something happens because Lamestream is petrified, for largely financial reasons, to discuss the possibility that it could be China (it can be !). “”

Trump also suggested without evidence that the hack could have affected the election software in the November presidential election. This was the latest in a series of increasingly far-fetched conspiracy theories put forward by the president in his refusal to accept that he lost the November 3rd election.

Pompeo’s first public comments on the attack came during a radio interview on Friday night on “The Mark Levin Show”.

“This has been a very significant effort and I think it is the case that we can now say fairly clearly that it was the Russians who took part in this activity,” said Pompeo.

Several news outlets have also reported that White House officials prepared a public statement on the cyberattacks late last week, transferring responsibility for the hack directly to Russia. But at the last minute they were forbidden from releasing it.

More than a week after the first breach was reported, both U.S. government agencies and private sector companies affected by the attack are still working to get a full picture of the extent of the breach and the potential harm to U.S. cyber infrastructure and critical ones Develop information systems.

The initial investigation revealed that the breach was malicious code hidden in a software update from widely used IT management company SolarWinds. Russia has denied any involvement in the attack.

The three lead agencies responsible for investigating the attack and protecting the nation from cyber threats – the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the Office of the Director of National Intelligence – announced last week that they were one have formed joint command in response to what has been termed a “major and ongoing cybersecurity campaign” against the United States.

Trump’s refusal to acknowledge either the full extent of the attack or his likely perpetrators fits his pattern over the past four years as he downplayed Russia’s malicious actions around the world.

As part of this pattern, Trump has ignored and dismissed U.S. intelligence assessments of Russia’s guilt for several major operations, particularly the 2016 cyberattacks and disinformation campaign that harmed Trump’s then-opponent Hillary Clinton.

Categories
Entertainment

‘Ariana Grande: Excuse Me, I Love You’ Overview: It’s Mutual.

So are there actually any recordings of Ariana Grande cleaning up dog poop? And why was Kristin Chenoweth on FaceTime with Grande when she recorded it? You might ask yourself the same stupid questions after watching the new music documentary, Sorry I Love You with the ponytail pop star at his performance-oriented center.

Although the bulk of the film focuses on this singer’s powerful vocals during her Sweetener World Tour 2019, there are glimpses of Grande’s offstage life that is a refreshing contrast to her glamorous personality.

So yeah, Grande, not a strict follower of the pop-star rulebook, goes into depth on the insane 15-minute fiasco of her dog Myron’s diarrhea while her pet uses her bed as a toilet and Myron eats whatever the pig is deposited and Grande runs screaming and crying from the room. This is the last scene you could expect to revisit in the midst of this nifty showcase of sensuality and eroticism. But as strange as it sounds, when I heard the story of Grande, I loved her. She can sing and tell a good poop story.

For the film, veteran music documentary director Paul Dugdale captures Grande in a host of other moments that create the impression that this Grammy winner could be your beast – that is, if your beast also harmonized whistle tones, that is, Mariah Carey.

Serving a charming, relatable political reality, Grande dramatizes a passed out fall when she hears news that the House voted to indict President Trump. And when Grande learns that Carey, her idol, asked her to record a solo clip of “All I Want for Christmas Is You” with other artists, she gets foggy eyes. These light touches, mixed with bops like “Thank U, Next” and “7 Rings”, give the actor – even if only slightly – an endearing, multidimensional human shape that he sees on the catwalk in front of thousands of enthusiastic fans in thigh-high boots .

Only in 2020 could a no-hassle paint by numbers concert document like this one, clearly intended for superfans, seem as nutritious (even to non-Arianators like me). Even the most laid-back fans might just say thank you.

Ariana Grande: Sorry, I love you
Not rated. Running time: 1 hour 37 minutes. Watch on Netflix.

Categories
Business

Treasury Division’s Senior Leaders Have been Focused by Russian Hacking

But on Monday there was no public statement attributing the hacking to Russia, possibly reflecting Mr Trump’s reluctance to confront Moscow on the matter and the doubts he has expressed about the gravity of the attack.

According to a senior administrative official, the meeting should “take stock of the information, investigations and actions taken to remediate the attack.” There was no preparation in this description to impose costs on the attacker. Mr Trump did not attend the meeting.

Both President-elect Joseph R. Biden Jr. and his new Chief of Staff Ron Klain have stated in recent days that the post-tenure response would go beyond sanctions to undermine the aggressor’s abilities. But he is likely to find that the government’s response options are limited for fear of escalation.

The list of attendees at the meeting was noteworthy as it gave clues as to which parts of the government may have been affected. White House officials said Treasury Secretary Steven Mnuchin, Secretary of Commerce Wilbur Ross, Acting Homeland Security Secretary Chad F. Wolf and Secretary of Energy Dan Brouillette were in attendance. All of these agencies have previously been identified as targets of hacking by news organizations.

John Ratcliffe, Director of National Intelligence, attended the meeting; likewise Gina Haspel, the CIA director, and General Paul M. Nakasone, the director of the National Security Agency and commander of the United States Cyber ​​Command. Secretary of State Mike Pompeo, who became the first senior civil servant to recognize that Russia was the most likely source of the attack before it was undercut by Mr Trump, did not attend. His deputy Stephen E. Biegun stood up for him.

General Nakasone, a veteran cyber warrior responsible for defending the national security systems, has been silent since the hacking was exposed. It was extremely embarrassing for the NSA and Cyber ​​Command that a private company, FireEye, was the first to alert the government that it had been hacked.

According to the details released by Wyden, after using the SolarWinds software update to break into Treasury’s systems, the Russian hackers performed a complex step in the Microsoft Office 365 system to create an encrypted “token” that identifies a computer for the larger network.

Categories
Health

The New Covid Pressure within the UK: Questions and Solutions

In recent days, the world has watched with curiosity and growing alarm as scientists in the U.K. have described a newly identified variant of the coronavirus that appears to be more contagious than, and genetically distinct from, more established variants. Initial studies of the new variant prompted Prime Minister Boris Johnson to tighten restrictions over Christmas, and spurred officials in the Netherlands, Germany and other European countries to ban travel from the U.K.

The new variant is now the focus of intense debate and analysis. Here’s some of what scientists have learned so far.

No. It’s just one variation among many that have arisen as the coronavirus SARS-CoV-2 has spread around the world. Mutations arise as the virus replicates, and this variant — known as B.1.1.7 — has acquired its own distinctive set of them.

The variant came to the attention of researchers in December, when it began to turn up more frequently in samples from parts of southern England. It turned out to have been collected from patients as early as September.

When researchers took a close look at its genome, they were struck by the relatively large number of mutations — 23, all told — that it had acquired. Most mutations that arise in the coronavirus are either harmful to the virus or have no effect one way or another. But a number of the mutations in B.1.1.7 looked as if they could potentially affect how the virus spread.

It appears so. In preliminary work, researchers in the U.K. have found that the virus is spreading quickly in parts of southern England, displacing a crowded field of other variants that have been circulating for months.

However, a virus lineage becoming more common is not proof that it spreads faster than others. It could grow more widespread simply through luck. For instance, a variant might start out in the middle of a crowded city, where transmission is easy, allowing it to make more copies of itself.

Still, the epidemiological evidence gathered so far from England does seem to suggest that this variant is very good at spreading. In places where it has become more common, the overall number of coronavirus cases is spiking. Neil Ferguson, an epidemiologist at Imperial College London, estimates that the variant has an increased transmission rate of 50 to 70 percent compared to other variants in the United Kingdom.

Some scientists have raised the possibility that the increase in transmission is at least partly the result of how it infects children. Normally, children are less likely than teenagers or adults to get infected or pass on the virus. But the new strain may make children “as equally susceptible as adults,” said Wendy Barclay, government adviser and virologist at Imperial College London.

To confirm that the variant truly is more contagious, researchers are now running laboratory experiments on it, observing up close how it infects cells.

Researchers have already used such experiments to investigate a mutant that arose earlier in the pandemic, called 614G. That variant proved to be more transmissible than its predecessors, studies in cell culture and animals found.

But disciplined containment measures worked just as well against 614G as other variants. The same is likely true for B.1.1.7. “According to what we already know, it does not alter the effectiveness of social distancing, face masks, hand washing, hand sanitizers and ventilation,” Dr. Muge Cevik, an infectious disease specialist at the University of St. Andrews School of Medicine, said on Twitter.

Covid-19 Vaccines ›

Answers to Your Vaccine Questions

With distribution of a coronavirus vaccine beginning in the U.S., here are answers to some questions you may be wondering about:

    • If I live in the U.S., when can I get the vaccine? While the exact order of vaccine recipients may vary by state, most will likely put medical workers and residents of long-term care facilities first. If you want to understand how this decision is getting made, this article will help.
    • When can I return to normal life after being vaccinated? Life will return to normal only when society as a whole gains enough protection against the coronavirus. Once countries authorize a vaccine, they’ll only be able to vaccinate a few percent of their citizens at most in the first couple months. The unvaccinated majority will still remain vulnerable to getting infected. A growing number of coronavirus vaccines are showing robust protection against becoming sick. But it’s also possible for people to spread the virus without even knowing they’re infected because they experience only mild symptoms or none at all. Scientists don’t yet know if the vaccines also block the transmission of the coronavirus. So for the time being, even vaccinated people will need to wear masks, avoid indoor crowds, and so on. Once enough people get vaccinated, it will become very difficult for the coronavirus to find vulnerable people to infect. Depending on how quickly we as a society achieve that goal, life might start approaching something like normal by the fall 2021.
    • If I’ve been vaccinated, do I still need to wear a mask? Yes, but not forever. Here’s why. The coronavirus vaccines are injected deep into the muscles and stimulate the immune system to produce antibodies. This appears to be enough protection to keep the vaccinated person from getting ill. But what’s not clear is whether it’s possible for the virus to bloom in the nose — and be sneezed or breathed out to infect others — even as antibodies elsewhere in the body have mobilized to prevent the vaccinated person from getting sick. The vaccine clinical trials were designed to determine whether vaccinated people are protected from illness — not to find out whether they could still spread the coronavirus. Based on studies of flu vaccine and even patients infected with Covid-19, researchers have reason to be hopeful that vaccinated people won’t spread the virus, but more research is needed. In the meantime, everyone — even vaccinated people — will need to think of themselves as possible silent spreaders and keep wearing a mask. Read more here.
    • Will it hurt? What are the side effects? The Pfizer and BioNTech vaccine is delivered as a shot in the arm, like other typical vaccines. The injection into your arm won’t feel different than any other vaccine, but the rate of short-lived side effects does appear higher than a flu shot. Tens of thousands of people have already received the vaccines, and none of them have reported any serious health problems. The side effects, which can resemble the symptoms of Covid-19, last about a day and appear more likely after the second dose. Early reports from vaccine trials suggest some people might need to take a day off from work because they feel lousy after receiving the second dose. In the Pfizer study, about half developed fatigue. Other side effects occurred in at least 25 to 33 percent of patients, sometimes more, including headaches, chills and muscle pain. While these experiences aren’t pleasant, they are a good sign that your own immune system is mounting a potent response to the vaccine that will provide long-lasting immunity.
    • Will mRNA vaccines change my genes? No. The vaccines from Moderna and Pfizer use a genetic molecule to prime the immune system. That molecule, known as mRNA, is eventually destroyed by the body. The mRNA is packaged in an oily bubble that can fuse to a cell, allowing the molecule to slip in. The cell uses the mRNA to make proteins from the coronavirus, which can stimulate the immune system. At any moment, each of our cells may contain hundreds of thousands of mRNA molecules, which they produce in order to make proteins of their own. Once those proteins are made, our cells then shred the mRNA with special enzymes. The mRNA molecules our cells make can only survive a matter of minutes. The mRNA in vaccines is engineered to withstand the cell’s enzymes a bit longer, so that the cells can make extra virus proteins and prompt a stronger immune response. But the mRNA can only last for a few days at most before they are destroyed.

There is no strong evidence that it does, at least not yet. But there is reason to take the possibility seriously. In South Africa, another lineage of the coronavirus has gained one particular mutation that is also found in B.1.1.7. This variant is spreading quickly through coastal areas of South Africa. And in preliminary studies, doctors there have found that people infected with this variant carry a heightened viral load — a higher concentration of the virus in their upper respiratory tract. In many viral diseases, this is associated with more severe symptoms.

That is now a question of intense debate. One possibility is that the variant gained its array of new mutations inside a special set of hosts.

In a typical infection, people pick up the coronavirus and become infectious for a few days before showing symptoms. The virus then becomes less abundant in the body as the immune system marshals a defense. Unless patients suffer a serious case of Covid-19, they typically clear the virus completely in a few weeks at most.

But sometimes the virus infects people with weak immune systems. In their bodies, the virus can thrive for months. Case studies on these immunocompromised people have shown that the virus can accumulate a large number of mutations as it replicates in their bodies for a long period of time.

Over time, researchers have found, natural selection can favor mutant viruses that can evade the immune system. Researchers have also suggested that the evolution of the variant might have been additionally driven by medicine given to such patients. Some mutants might be able to withstand drugs such as monoclonal antibodies.

Other scientists have suggested that the virus could have gained new mutations by spreading through an animal population, like minks, before re-entering the human population. Such “animal reservoirs” have become a focus of intense interest as more animal infections have been detected.

Not yet, as far as anyone knows. But that does not mean it hasn’t already reached the United States. British scientists have established a much stronger system to monitor coronaviruses for new mutations. It’s conceivable that someone traveling from the United Kingdom has brought it with them. Now that the world knows to look for the variant, it may turn up in more countries.

No. Most experts doubt that it will have any great impact on vaccines, although it’s not yet possible to rule out any effect.

The U.S. Food and Drug Administration has authorized two vaccines, one from Moderna and the other from Pfizer and BioNTech. Both vaccines create immunity to the coronavirus by teaching our immune systems to make antibodies to a protein that sits on the surface of the virus, called spike. The spike protein latches onto cells and opens a passageway inside. Antibodies produced in response to the vaccines stick to the tip of the spike. The result: The viruses can’t get inside.

It is conceivable that a mutation to a coronavirus could change the shape of its spike proteins, making it harder for the antibodies to gain a tight grip on them. And B.1.1.7’s mutations include eight in the spike gene. But our immune systems can produce a range of antibodies against a single viral protein, making it less likely that viruses can easily escape their attack. Right now, experts don’t think that the variant will be able to evade vaccines. To confirm that, researchers at the Walter Reed Army Institute of Research are analyzing the changes to the structure of its spike protein.

Dr. Moncef Slaoui, the head scientific adviser to Operation Warp Speed, the federal effort to deliver a vaccine to the American public, said that the new variant reported in Britain was unlikely to affect the efficacy of a vaccine.

At some point — “some day, somewhere” — a variant of the virus may make the current vaccine ineffective, he said, but the chance of that happening with this vaccine is very low. Nevertheless, he said, “we have to remain absolutely vigilant.”

But Kristian Andersen, a virologist at Scripps Research Institute, thinks it is too early to dismiss the risk to vaccines. If the U.K. variant evolved to evade the immune system in immunocompromised patients, those adaptations might help it avoid vaccines. The vaccines would not become useless, but they would become less effective. Fortunately, experiments are underway to test that possibility.

“We don’t know, but we’ll know soon,” Dr. Andersen said.

Benjamin Mueller and Katie Thomas contributed reporting to this article

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Categories
World News

Protests at Oregon State Capitol Over Virus Restrictions

Armed protesters who tried to force their way into the Oregon state capitol on Monday were met by officials in riot gear as lawmakers rallied for a one-day special session amid tensions over coronavirus restrictions in the state mounted.

Oregon State Police declared the protest, which included dozens of people, an illegal gathering, and officials fired pepperballs to evict the crowd from the Salem Capitol. Police arrested at least two people, including one who authorities said used bear spray on officers. Later, some in the crowd broke windows at an entrance to the Capitol.

Many in the crowd, including people from far-right groups, wore guns, wore body armor, or held flags in support of President Trump.

Governor Kate Brown had convened a one-day special session of lawmakers to discuss issues related to the pandemic, including facilities for landlords and tenants and funding for vaccine distribution, as well as efforts to deal with the state’s devastating forest fire season.

The protesters opposed the restrictions imposed by Ms. Brown to limit the spread of the coronavirus and shouted about its impact on workplaces and schools. “Arrest Kate Brown,” sang the mob of officers. One person carried a sign that read, “Politicians are the virus, revolution is the cure.”

Riot officers with batons, some wearing gas masks, later moved in large numbers to push protesters out of an entrance to the Capitol. Many in the crowd shouted that they had supported police officers for a long time, including back the blue rallies, but would no longer support them.

Oregon’s coronavirus infection numbers are at the peak of the pandemic. By order of the governor, many counties are subject to mandatory restrictions, such as bans on eating indoors in restaurants.

Categories
Business

Chevy Chase recreates ‘Christmas Trip’ scene for Mustang Mach-E advert

Chevy Chase and Beverly D’Angelo are repeating their National Lampoon’s Christmas vacation as Clark and Ellen Griswold for a new ad for the Ford Mustang Mach-E.

ford

Comedian Chevy Chase repeats his role as Clark Griswold from National Lampoon’s Christmas Vacation in a new Christmas commercial for the all-electric Ford Mustang Mach-E crossover.

The 60-second spot shows Chase and original actor Beverly D’Angelo as his wife, Ellen, recreating a memorable scene in the 1989 film in which Clark tries to turn on the family house with Christmas lights from the outside. But instead of the family looking at the extravagant decorations, they’re drawn to a Mustang Mach-E in the driveway.

Chase thanked Ford Motor for the role and for the undisclosed amount of money he received for the ad: “It’s great to be celebrating Christmas again with my family on screen and the changing selection of kids – and I have Ford and Mustang Mach-E, thanks for paying for this, “he said in a statement. “I suppose you’re expecting some kind of reef for electric cars, but I can say with 85% confidence that this thing probably won’t cause power outages in your neighborhood if you plug it in.”

https://www.youtube.com/watch?v=gmAU8MJoJU4

Ford posted the ad on YouTube ahead of its scheduled debut Tuesday during an encore of Saturday Night Live’s Christmas Special at 9 p.m. on NBC.

The Mustang Mach-E, which arrives at US dealerships, is a key product for Ford. It’s the first new electric vehicle set to invest more than $ 11.5 billion in electric vehicles by 2022, and it’s Ford’s first shot to Tesla – the industry leader in electric vehicles.

The Chase Mach E ad comes almost a year after a well-received Super Bowl ad for Fiat Chrysler’s Jeep brand in which actor Bill Murray re-appeared in the 1993 film “Groundhog Day”.

Categories
Health

‘That is already within the U.S.,’ says Dr. Gottlieb

Former FDA chief Dr. Scott Gottlieb warned that the highly contagious new mutation of Covid-19 found in the UK was “already in the US” with more than 40 countries banning entry and exit to the UK for 48 hours or more.

“I don’t think a travel ban will currently prevent this mutated strain from reaching the United States,” said Gottlieb. “We’re going to have an epidemic and it’s going to spread over the next three or four weeks. We’re going to peak and then infection rates will go down when the vaccinations are introduced.” “”

The new variant of Covid-19 is forcing parts of the UK back into lockdown. The government has placed the toughest restrictions in London and other areas of south-east England, and families can no longer gather as planned for Christmas. In an interview on CNBC’s “The News with Shepard Smith” Monday night, Gottlieb stated that the new mutation is likely due to selective pressure on the virus itself.

“As the virus continues to spread around the world, we will see more of these variants. It is therefore important that the population is vaccinated and that these infections are eradicated,” said Gottlieb. “The more infections you have, the more likely these variants are to spread.”

Scientists in the UK suggested that the variant of Covid makes the virus 50% more transmissible. However, there is currently no evidence that it is making the disease worse. Both Eli Lilly and Regeneron, who make the antibodies to treat Covid, said their drugs should be effective against the variant. Ugur Sahin, chief executive of BioNTech, said his company would investigate the mutation, but viewed the situation with “a certain degree of sobriety,” according to Reuters. BioNTech is Pfizer’s partner for the Covid vaccine. Gottlieb explained to Shep Smith why he believes vaccines will have to adapt at some point.

“The question is whether this virus will alter surface proteins in such a way that either the vaccines or previous immunity can be avoided, and there is no evidence that it currently does, but over time it will develop a way that it probably can avoid previous infections or vaccines to some extent so we will likely have to adjust our vaccines over time, “Gottlieb said.

The first deliveries of Moderna’s Covid vaccine hit hospitals in the United States today. Moderna’s vaccine is the second after Pfizer to be approved by the FDA. Moderna’s rollout is expected to double as the company plans to ship six million doses this week, compared to Pfizer’s 2.9 million doses last week. Pfizer’s vaccine requires a temperature of minus 94 degrees Fahrenheit or minus 70 degrees Celsius. Moderna can store its vaccine at minus 4 degrees Fahrenheit for up to six months.

Gottlieb said the current logistics for vaccine distribution are “good” but that some challenges may arise as the population receiving the vaccine expands.

“I think the challenge will be the last mile when trying to get these vaccines out into the community,” said Gottlieb. “Right now, in December, we are largely distributing these vaccines to healthcare workers through medical facilities, academic hospitals, and community hospitals. They know how to distribute a vaccine and how to find their healthcare workers.”

Disclosure: Scott Gottlieb is a CNBC employee and a member of the boards of directors of Pfizer, the genetic testing startup Tempus, and the biotech company Illumina. Pfizer has signed a manufacturing agreement with Gilead to manufacture Remdesivir. Gottlieb is also co-chair of Norwegian Cruise Line Holdings and Royal Caribbean’s Healthy Sail Panel.

Categories
Politics

Congress Rushes to Move Big Coronavirus Aid Invoice

WASHINGTON – Der Kongress war am Montag bereit, ein Konjunkturpaket in Höhe von 900 Milliarden US-Dollar zu genehmigen, das Milliarden US-Dollar an amerikanische Haushalte und Unternehmen senden würde, die sich mit den wirtschaftlichen und gesundheitlichen Folgen der Pandemie auseinandersetzen.

Finanzminister Steven Mnuchin sagte, Hunderte von Dollar an Direktzahlungen könnten bereits nächste Woche einzelne Amerikaner erreichen.

Das lang ersehnte Hilfspaket war Teil eines Gesamtpakets in Höhe von 2,3 Billionen US-Dollar, das 1,4 Billionen US-Dollar zur Finanzierung der Regierung bis zum Ende des Geschäftsjahres am 30. September enthielt. Es beinhaltete die Ausweitung der routinemäßigen Steuervorschriften, einen Steuerabzug für Unternehmensmahlzeiten, Die Einrichtung von zwei Smithsonian-Museen, ein Verbot von medizinischen Überraschungsrechnungen und die Wiederherstellung von Pell-Stipendien für inhaftierte Studenten unter Hunderten anderer Maßnahmen.

Obwohl das 900-Milliarden-Dollar-Konjunkturpaket halb so groß ist wie das im März verabschiedete 2,2-Billionen-Dollar-Konjunkturgesetz, das den Kern seiner gesetzlichen Bestimmungen bildete, bleibt es eines der größten Hilfspakete in der modernen amerikanischen Geschichte. Es wird ein zusätzliches Arbeitslosengeld für Millionen arbeitsloser Amerikaner mit 300 USD pro Woche für 11 Wochen wiederbeleben und eine weitere Runde von 600 USD Direktzahlungen an Erwachsene und Kinder vorsehen.

“Ich gehe davon aus, dass wir das Geld Anfang nächster Woche herausholen werden – 2.400 US-Dollar für eine vierköpfige Familie – und dringend benötigte Erleichterung pünktlich zu den Feiertagen”, sagte Mnuchin auf CNBC. “Ich denke, das wird uns durch die Genesung führen.”

Der gewählte Präsident Joseph R. Biden Jr., der am Montag mit rollenden Fernsehkameras einen Coronavirus-Impfstoff erhalten hatte, hat darauf bestanden, dass dieser Gesetzentwurf nur der Anfang ist und dass nach seiner Amtseinführung weitere Erleichterungen, insbesondere für die Regierungen der Bundesstaaten und Kommunen, eintreten werden nächsten Monat.

Der Gesetzgeber beeilte sich am Montag, die fast 5.600 Seiten lange Gesetzesvorlage zu verabschieden, weniger als 24 Stunden nach ihrer Fertigstellung und bevor praktisch jeder sie gelesen hatte. An einem Punkt hatten die Helfer aufgrund einer beschädigten Computerdatei Schwierigkeiten, die Maßnahme einfach online zu stellen. Der Gesetzestext dürfte einer der längsten sein, und er wurde erst wenige Stunden vor der Genehmigung durch das Haus veröffentlicht. Der Senat sollte kurz darauf abstimmen und ihn zur Unterschrift an Präsident Trump senden.

Da jedoch bis zu 12 Millionen Amerikaner Tage nach Weihnachten den Zugang zu erweiterten und erweiterten Arbeitslosengeldern verlieren werden, bestand kein Zweifel daran. Eine Reihe weiterer Pandemie-Hilfsbestimmungen läuft Ende des Jahres aus, und die Gesetzgeber beider Kammern waren sich einig, dass die Genehmigung des 900-Milliarden-Dollar-Hilfspakets schändlich überfällig war.

Im Laufe des Sommers näherten sich die Sprecherin Nancy Pelosi aus Kalifornien und Herr Mnuchin einem Hilfspaket von fast 1,8 Billionen US-Dollar. Nach einer erheblichen Infusion von Bundeshilfe im April scheiterten Senator Mitch McConnell, Republikaner von Kentucky und Mehrheitsführer, und mehrere Republikaner des Senats zunächst an der Aussicht auf ein weiteres umfassendes Ausgabenpaket. Da die Republikaner nicht bereit waren, beträchtliche Steuergelder auszugeben, und sich bewusst waren, vor den Wahlen im November vereint zu bleiben, weigerte sich Herr McConnell, mehr als ein knappes 500-Milliarden-Dollar-Paket zu leisten.

Frau Pelosi und Top-Demokraten ihrerseits weigerten sich, die gezielten Pakete zu unterhalten, die die Republikaner schließlich vorschlugen, und drängten darauf, in einer geteilten Regierung so groß wie möglich zu werden. Die Wahlen standen über allen Gesprächen, und beide Seiten wollten der anderen Partei keinen Sieg bescheren, der ihre Chancen erhöhen könnte.

Und Herr Trump, der sich zuerst auf seinen Wahlkampf und dann auf seine Bemühungen konzentrierte, die Wahlergebnisse umzukehren, trug wenig dazu bei, den Kongress zu einer Einigung zu bewegen.

Am Ende einigten sich die Führer des Kongresses darauf, die heikelsten politischen Fragen zu klären, die eine endgültige Einigung lange Zeit beeinträchtigt hatten – einen direkten Finanzierungsstrom für die staatliche und lokale Regierung, eine demokratische Priorität und einen breiten Haftungsschutz, für den Herr McConnell lange gekämpft hatte.

“Vor ein paar Tagen hat sich mit einem neuen gewählten Präsidenten der eigenen Partei alles geändert”, sagte McConnell am Montag. “Demokraten kamen plötzlich zu unserer Position, dass wir einen Konsens finden, Gesetze erlassen sollten, wo wir uns einig sind, und dringend Hilfe aus der Tür bekommen sollten.”

Als sich die Verhandlungen hinzogen, rutschten Millionen Amerikaner in die Armut, Tausende kleiner Unternehmen schlossen ihre Türen und Coronavirus-Infektionen und Todesfälle stiegen im ganzen Land auf ein verheerendes Niveau.

Aber Frau Pelosi schwor, dass der Kongress mit Herrn Biden im Amt die ungelösten Debatten erneut aufgreifen und auf noch mehr Erleichterung drängen würde, um die wirtschaftliche Erholung des Landes zu unterstützen.

“Es ist eine ganz andere Welt, wenn Sie die Präsidentschaft haben, weil Sie die Aufmerksamkeit der Öffentlichkeit haben”, sagte Frau Pelosi in einem Interview. “Ich bin sehr optimistisch, weil die Öffentlichkeit möchte, dass wir zusammenarbeiten.”

Aktualisiert

Apr. 21, 2020, 7:46 ET

Wirtschaftswissenschaftler und mehrere externe Gruppen waren sich einig, dass der Kompromiss in Höhe von 900 Milliarden US-Dollar eine notwendige, aber unzureichende Lösung für die wirtschaftlichen und gesundheitlichen Wunden darstellt, die während der monatelangen Sackgasse erlitten wurden.

Neben der Wiederbelebung und Erhaltung einer Reihe erweiterter und erweiterter Arbeitslosenunterstützungen, die erstmals im Konjunkturgesetz in Höhe von 2,2 Billionen US-Dollar festgelegt wurden, sieht der Gesetzentwurf einige „Mischverdiener“ zusätzlich mit 100 US-Dollar pro Woche vor – Menschen, die sowohl als Angestellte als auch als Freiberufler oder Geld verdienen Auftragnehmer – um eine Falte im März-Konjunkturgesetz zu beseitigen, die Personen, die sich für regelmäßige Arbeitslosenunterstützung qualifiziert haben, vom Programm für Freiberufler und Gig-Arbeiter ausschließt.

Aber die Gesetzesvorlage könnte es einigen Menschen erschweren, Leistungen im Rahmen dieses Programms zu erhalten, das als Pandemic Unemployment Assistance bekannt ist. Bisher konnten sich viele Menschen für das Programm qualifizieren, indem sie bescheinigten, dass sie eine Beschäftigung oder ein Einkommen verloren haben, ohne dass sie einen Nachweis erbringen mussten. Der neue Gesetzentwurf sieht vor, dass die Menschen Unterlagen vorlegen müssen, um Leistungen im Rahmen des Programms zu erhalten. Dies befürwortet die Befürwortung von Arbeitslosen, die bereits belastete staatliche Arbeitsämter weiter belasten könnten.

Anstatt ein hartes Ende der Arbeitslosenprogramme zu erzwingen, stimmte der Gesetzgeber auch zu, dass die Leistungen bis Anfang April langsam nachlassen sollten, wodurch den Verhandlungsführern eine harte Frist entzogen wurde, um die Wiederaufnahme der Gespräche im Frühjahr zu erzwingen.

Der endgültige Vorschlag umfasst 69 Milliarden US-Dollar für die Verteilung eines Coronavirus-Impfstoffs und mehr als 22 Milliarden US-Dollar für Staaten zur Durchführung von Test-, Rückverfolgungs- und Coronavirus-Minderungsprogrammen. Darüber hinaus werden 13 Milliarden US-Dollar für mehr Ernährungshilfe, 7 Milliarden US-Dollar für Breitbandzugang, 45 Milliarden US-Dollar für Transport- und Transitagenturen und 25 Milliarden US-Dollar für Mietunterstützung bereitgestellt.

Es belebt ein beliebtes Geschäftskreditprogramm, das Paycheck Protection Program, und ermöglicht es Unternehmen, ein zweites Darlehen zu erhalten und die Berechtigung für gemeinnützige Organisationen, lokale Zeitungen sowie Radio- und Fernsehsender im Rahmen dieses Programms zu erweitern. Es werden 15 Milliarden US-Dollar für Veranstaltungsorte, unabhängige Kinos und andere Kulturinstitutionen bereitgestellt, die durch die Beschränkungen, die auferlegt wurden, um die Ausbreitung des Virus zu stoppen, zerstört wurden.

Die Gesetzesvorlage stellt außerdem sicher, dass Unternehmen Lohn- und Gehaltskosten und andere vom Lohnscheckschutzprogramm abgedeckte Kosten abziehen können, und erweitert eine Steuergutschrift, mit der die Löhne für von der Pandemie betroffene Unternehmen subventioniert werden.

Der Gesetzentwurf enthält Bildungsmittel in Höhe von 82 Milliarden US-Dollar, von denen etwa 54 Milliarden US-Dollar an die K-12-Schulen des Landes und 22,7 Milliarden US-Dollar an Hochschulen und Universitäten gehen. Diese Mittel entsprechen immer noch nicht den Anforderungen beider Sektoren, um die Wirkung des Virus abzuschwächen. Dies hat das Schulbudget lahmgelegt und die am stärksten gefährdeten Schüler in eine schwierige akademische und finanzielle Notlage gebracht.

Die Gouverneure würden 4,1 Milliarden US-Dollar in einem separaten Topf mit Hilfsgeldern erhalten, von denen 2,75 Milliarden US-Dollar für die Unterstützung von Privat- und Pfarrschulen reserviert wären, nachdem die Demokraten dafür gekämpft hatten, dass die Mittel nicht für Gutscheine für Privatschulen verwendet würden. Der Gesetzentwurf enthält auch Anforderungen und Einschränkungen dafür, wie Privatschulen, die im Rahmen des Gehaltsscheckschutzprogramms Finanzmittel erhalten haben, Anspruch auf staatliche Mittel haben.

Der Gesetzentwurf enthält auch eine Reihe von Steuervorschriften, die für die Gesamtwirtschaft weniger wichtig sind, aber für einige Einzelpersonen und Unternehmen einen großen Unterschied bedeuten. Die Republikaner haben auch eine von Unternehmenslobbyisten und dem Weißen Haus favorisierte Steuerabschreibung erhalten, die die Demokraten als Drei-Martini-Abzug verspottet haben, der es Unternehmen ermöglicht, 100 Prozent statt bis zur Hälfte ihrer Essenskosten abzuziehen.

Arbeitnehmer mit niedrigem Einkommen können sich für Steuergutschriften qualifizieren, die entweder auf ihrem Einkommen von 2019 oder 2020 basieren – eine Priorität für Demokraten, da Menschen, die während der Pandemie ihren Arbeitsplatz verloren haben, ansonsten Programme wie die Steuergutschrift für verdientes Einkommen verlieren könnten, die von den Menschen verlangt werden arbeiten, um sich für den vollen Nutzen zu qualifizieren.

Die Notkreditprogramme der Federal Reserve, die der Kongress in diesem Jahr mit 454 Milliarden US-Dollar unterstützte, waren zeitweise ein wichtiger Knackpunkt in den Verhandlungen. Der Gesetzestext spiegelt die Sprache der Fed wider, die Senator Patrick J. Toomey, Republikaner von Pennsylvania, letztendlich akzeptiert hat.

Während Herr Toomey ursprünglich die Fed-Notkreditprogramme “ähnlich” verbieten wollte, die er eingerichtet hatte, um während des Abschwungs der Pandemie Geld an Unternehmen, Staaten und kommunale Kreditnehmer weiterzuleiten – ein Versuch, die Demokraten daran zu hindern, als nächstes Nachahmerprogramme wieder einzurichten Jahr, um billiges Geld an die Staaten zu bringen – der Text verbietet der Fed und dem Finanzministerium nun einfach, die „gleichen“ Programme wieder einzurichten.

Dies ist zwar ein scheinbar geringfügiger Unterschied, könnte aber nach Ansicht der Demokraten die Tür für künftige Kommunalanleihenkäufe oder direkte Geschäftskredite offen lassen. Herr Toomey sagte in einer E-Mail am Sonntag, dass er der Ansicht sei, dass die Fed und das Finanzministerium den Kongress konsultieren müssten, bevor sie wieder Kredite direkt an solche Kreditnehmer weiterleiten könnten.

Weniger als zwei Wochen, bevor der neue Kongress am 3. Januar vereidigt wird, beeilten sich die Gesetzgeber, die Gesetzgebung mit anderen gesetzgeberischen Prioritäten zu beladen.

Zu den zusätzlichen Maßnahmen gehörte eine parteiübergreifende Zweikammervereinbarung in letzter Minute zum Verbot überraschender Arztrechnungen, die entstehen, wenn Patienten unabsichtlich von einem Gesundheitsdienstleister außerhalb des Netzwerks versorgt werden. Krankenhäuser und Ärzte müssen nun mit den Krankenversicherern zusammenarbeiten, um die Rechnungen zu begleichen, und nicht die Gebühren für die Patienten erzwingen.

Die Führer des Kongresses stimmten auch bedeutenden parteiübergreifenden Abkommen zur Bekämpfung des Klimawandels und zur Förderung sauberer Energie zu. Dies ist das erste derartige Gesetz, das den Kongress seit fast einem Jahrzehnt verabschiedet hat.

Der Gesetzgeber hat eine Bestimmung in das Omnibus-Paket des Kongresses aufgenommen, das den Open Technology Fund – eine von der Bundesregierung finanzierte gemeinnützige Organisation, die Millionen in China und im Iran den Zugang zum Internet ermöglicht – 90 Tage lang zur Verfügung stellt, um einen Schritt eines Trump-Beauftragten, Michael Pack, zu bestreiten Organisation. Die Bestimmung wird es einem Biden-Beauftragten wahrscheinlich ermöglichen, zu entscheiden, ob die Gruppe weiterhin Finanzmittel erhält, was mehrere Experten für Internetfreiheit für wahrscheinlich halten.

Ebenfalls in das Ausgabenabkommen eingebunden ist die Gesetzgebung zur Schaffung von zwei Smithsonian-Museen in Washington, die sich auf Frauengeschichte und amerikanische Latinos konzentrieren. Aktivisten und Gesetzgeber haben jahrzehntelang darum gekämpft, die Zustimmung des Kongresses zu erhalten, und waren diesen Monat vorübergehend durch die Einwände eines einzigen Senators, Mike Lee, Republikaner von Utah, blockiert worden.

Die Berichterstattung wurde von Erica L. Green, Luke Broadwater, Jeanna Smialek, Coral Davenport, Pranshu Verma und Margot Sanger-Katz aus Washington sowie Nicholas Fandos und Ben Casselman aus New York beigesteuert.