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Health

‘It’s Numbing’: 9 Retired Nuns in Michigan Die of Covid-19

The religious sisters, who were retired at the Dominican Life Center in Michigan, followed strict rules to avoid a coronavirus outbreak: they were kept in isolation, visitors were banned, and masks were required from everyone on campus.

But months after it was held in check, it found its way in.

On Friday, the Adrian Dominican Sisters said nine sisters died from complications from Covid-19 on the Adrian campus, about 75 miles southwest of Detroit, in January.

“It’s numbing,” said Sister Patricia Siemen, head of the order. “We had six women die in 48 hours.”

The death of the sisters in Michigan contributed to a well-known trend in the spread of the virus as it destroys religious communities by infecting retired, aging populations of sisters and nuns who had tacitly dedicated their lives to others.

Now some of these sisters have come out into the open as details of their names, ages, and lifetimes are highlighted as part of the national discourse about Americans lost to the coronavirus.

“It’s a moment of reckoning with the place they now have in our culture,” said Kathleen Holscher, a professor who holds the Endowed Chair of Roman Catholic Studies at the University of New Mexico. “Fifty or 60 years ago you were the face of American Catholicism, in schools and in hospitals.”

Some of the women who died on the Adrian Dominican Sisters campus were nurses or teachers. Others had devoted decades of their lives to worship.

“Americans are being reminded that they are older and are still there,” said Dr. Holscher. “But now they live in these communal situations and take care of each other.”

Accounting for deaths in the nation’s religious communities began in the first half of 2020 as the country took note of the fatal transmission of the virus and the lives associated with it.

Last April, May and June 13 Felician sisters died of Covid-19 at the presentation of the Convent of the Blessed Virgin Mary in Michigan. They pursued teaching, pastoral care and prayer service.

In a suburb of Milwaukee, at least five sisters died at the Convent of Our Lady of the Angels as of April last year. They worked in parishes, schools and universities, taught English and music, and served the elderly and the poor.

In December, eight Roman Catholic sisters, educators, music teachers and social activists died of Covid-19-related diseases in a Wisconsin old people’s home in Notre Dame by Elm Grove, near Milwaukee.

“Nuns were the real grassroots workers in the Church,” said Jack Downey, professor of Catholic studies at the University of Rochester. “It is really the nuns that people interact with on a daily basis. You made Catholic life in the United States possible. “

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Jan. 29, 2021, 4:46 p.m. ET

“This is how communities of nuns that go this way become particularly tragic,” he added.

While deaths have increased, losses have placed a focus on the future of these communities in a country where its population is not only shrinking but aging rapidly.

Michael Pasquier, a professor of religious studies and history at Louisiana State University, said interest in institutional religious life had waned since the 1960s, an era of cultural change that brought more women into the workplace. There are now about 40,000 Roman Catholic nuns or sisters in the country – mostly in the mid to late 1970s and older – compared to about 160,000 in the 1970s, he said.

The death toll from the virus, he said, “reminds us all that the makeup and face of Catholic sisters today are old.”

The losses have underscored the virus’ tendency to hunt down older adults, people with underlying medical conditions, and places where people are in close contact, such as nursing homes, which are particularly hard hit by the pandemic.

Dr. Holscher said the “poignant or tragic” part of the nuns’ deaths was that, unlike nursing homes, women forego a traditional family structure when entering religious life.

“They have no children, spouses or close family members,” she said. “And they signed up to take care of each other.”

Many of the aging religious orders took precautions in early 2020 to protect their communities. At Elm Grove, the nuns followed federal guidelines on masks and social distancing, as well as staggered meal times in the communal dining room.

The Dominican sisters imposed similar restrictions, including weekly tests for staff and sisters, cancellation of meals and personal prayers, and permission for the sisters to leave for medical appointments only.

“We worked so hard to keep it in check because when it gets into a building like a nursing home you are really pretty helpless,” said Sister Siemen. “The residents are already so vulnerable.”

However, on Jan. 14, the order announced that there had been an outbreak of nurses and workers at the Dominican Life Center, a qualified care center that had had a Covid-19 unit in place for months and not in use.

The first positive test took place on December 20th and several sisters died within weeks, some within days of each other.

Sister Jeannine Therese McGorray, 86, died on January 11 and Sister Esther Ortega, 86, died on January 14. Sister Dorothea Gramlich, 81, died on January 21.

Three sisters died on January 22nd: Sister Ann Rena Shinkey, 87; Sister Mary Lisa Rieman, 79; and Sister Charlotte Francis Moser, 86. The next day, Sister Mary Irene Wischmeyer, 94, and Sister Margaret Ann Swallow, 97, died. The last death was this week: Sister Helen Laier, 88, died Tuesday.

Sister Siemen said that the Order is used to mourning their sisters due to its aging population, but this series of losses has given them a sense of “solidarity with the hundreds of thousands of families who have lost loved ones to Covid. ”

Even so, she said that her faith helps them get through.

“There is obviously grief,” said Sister Siemen, “but as women of faith we know that going through this door of death is not the last for us.”

Categories
Business

Biden and High Financial Officers Stress Urgency of Extra Pandemic Help

WASHINGTON – President Biden and his top economic aids on Friday put aside Republican criticism of the government’s $ 1.9 trillion stimulus package and vowed to move the proposal forward. The bill is crucial for a weak economic recovery and is overwhelmingly popular with voters.

The comments came as Mr. Biden was briefed by aides of the need for more fiscal aid and the state of the economy, and when the Brookings Institution’s new analysis suggested that the Biden proposal, if it did go into effect, would put the economy above its prepandemic The second half of this year would bring way out.

A team of senior business figures, including Treasury Secretary Janet L. Yellen, met with Mr. Biden and Vice President Kamala Harris in the Oval Office on Friday to highlight the challenges facing an economy that experienced slowing growth late last year. They were joined by Brian Deese, director of the National Economic Council, and Jared Bernstein and Heather Boushey of the Council of Economic Advisers.

“The price of doing nothing is much higher than the price of doing something and doing something big,” Ms. Yellen said before the briefing. “We have to act now. The benefits of acting now and trading big will far outweigh the costs in the long run. “

Mr Biden, who spent the first days of his presidency calling for more economic aid, said pandemic legislation was his top priority. “People will be seriously injured if we fail this package,” he said.

Even as states began vaccinating vulnerable populations, the economic recovery from the pandemic is showing signs of slowing, fueling concern among White House officials that time is running out to adopt a robust package before some emergency services are in place March expire. These officials are increasingly saying that Congress must act swiftly to approve a package of a similar scope as Mr Biden is proposing, although they privately recognize that the process of congressional negotiation could produce a bill at a lower price than the President has asked for.

In order to gain support, especially among Republicans, these aides claim that Mr Biden’s proposal is highly cross-party.

“A fair question you could ask our GOP or Republican colleagues is why they oppose proposals that are backed by 74 percent of the American public,” White House press secretary Jen Psaki told reporters Friday. She cited a recent Monmouth University poll in which 71 percent of respondents said it was important for Republicans to find ways to work with Mr Biden.

Democrats in Congress say they are continuing to work with Republicans on a potentially bipartisan bill, but they are also preparing a parliamentary maneuver known as budget balancing that would allow them to pass a bill by simple majority, as Republicans do Her 2017 tax cut did law and her failed attempt to repeal the Affordable Care Act.

“I’m not going to let Republican senators stand for the sole purpose of stalling,” Oregon Senator Ron Wyden, the new Democratic chairman of the Senate Finance Committee, told a conference call Thursday hosted by the Invest for America advocacy group.

Despite pressure from the White House, Republicans have been complaining in recent days that using the reconciliation process would undermine Mr Biden’s demand for unity.

On Friday afternoon when he left the White House to visit the Walter Reed National Military Medical Center, Mr Biden said he still hoped the Republicans would support an aid bill, but he signaled that the Democrats would move forward on their own if they had to.

“I support the passage of the Covid relief with Republican support if we get it, but the Covid relief must exist,” he said.

New analysis this week suggests that if Mr Biden’s plans go into effect, they could give a significant boost to an economy that has only partially recovered from its rapid fall into recession last spring.

Two Brookings Institution researchers, Wendy Edelberg and Louise Sheiner, wrote this week that Mr Biden’s plans would increase economic activity by 4 percent this year and 2 percent in 2022. This surge would accelerate the return of the economy to the previous path the pandemic hit.

Without another bailout, the economy would likely remain smaller through the end of 2023 than without the recession. But if the package is passed, they would predict the economy would be bigger by fall than it was on their prepandemic path. They warn that these forecasts are fraught with great uncertainty.

“Without additional federal funding to contain the pandemic resurgence and distribute vaccines, the economy will face significant headwinds,” wrote Ms. Edelberg and Ms. Sheiner. “In a broader sense, millions of households will suffer from dwindling tax support for the unemployed and households and businesses that suffer financially.”

The International Monetary Fund this week forecast small but still positive impacts from the Biden plan. It was estimated that Mr. Biden’s proposal would increase American economic performance by 5 percent over three years. The fund estimated the plan would increase production by 1.25 percent this year.

Categories
Entertainment

Are Megan Fox and Machine Gun Kelly Engaged?

It’s clear that Megan Fox and Machine Gun Kelly fell head over heels for each other, but have they just taken another step in their relationship and got engaged? Earlier this week, the 34-year-old actress sparked speculation when she was seen with a giant ring on her left hand while accompanying the 30-year-old rapper Saturday night live Rehearsing in New York City. The couple haven’t officially announced anything yet, but on closer inspection it looks like the ring she’s wearing is the same, often pictured with the MGK.

Megan and MGK first met on the set of their upcoming film. Midnight in the switchgrass, almost a year ago, and it was practically love at first sight for Megan. “I looked him in the eye [and] I felt the most flawless, gentlest and purest spirit, “Megan recalled earlier.” My heart broke instantly and all I knew was that I was fucked. “Megan split with Brian Austin Green last December after 10 years of marriage, but it wasn’t until five months later that he confirmed their split in one of his episodes … with Brian Austin Green Podcast called “Context”. In June, Megan and MGK apparently confirmed their relationship when he tweeted, “I call you girlfriend, what the fuck.” Life mimicked art, referring to his song “Bloody Valentine”. And they seem strong ever since!

Categories
World News

Covid-19 World Reside Updates: AstraZeneca and Johnson & Johnson Vaccines

Here’s what you need to know:

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Fauci Warns New Virus Mutations Are a ‘Wake-Up Call’

On Friday, Dr. Anthony S. Fauci warned that new virus variants, despite the global vaccine distribution, should offer a wake-up call to the continuing dangers of the pandemic.

We’re all aware of the variance that we knew dominated — the U.K. B.1.1.7 , the B.1.351 in South Africa and other variants, such as the P.1. in Brazil. When these variants were first recognized, it became clear that we had to look at, in vitro, in the test tube, whether the antibodies that were induced by the vaccines that we had available would actually neutralize these new mutants. Antigenic variation, i.e. mutations that lead to different lineage do have clinical consequences because as you can see, even though the long-range effect in the sense of severe disease is still handled reasonably well by the vaccines, this is a wake-up call to all of us that we will be dealing as the virus uses its devices to evade pressure, particularly immunological pressure, that we will continue to see the evolution of mutants. So that means that we as a government, the companies, all of us that are in this together, will have to be nimble to be able to just adjust readily to make versions of the vaccine that actually are specifically directed towards whatever mutation is actually prevalent at any given time.

On Friday, Dr. Anthony S. Fauci warned that new virus variants, despite the global vaccine distribution, should offer a wake-up call to the continuing dangers of the pandemic.CreditCredit…Doug Mills/The New York Times

Dr. Anthony S. Fauci warned Friday that new clinical trial results from Johnson & Johnson, showing that its vaccine is less effective against a highly infectious variant of the coronavirus circulating in South Africa, were a “wake up call.” He said the virus will continue to mutate, and vaccine manufacturers will have to be “nimble to be able to adjust readily” to reformulating the vaccines if needed.

Dr. Fauci’s warning, at the White House briefing on the virus, comes amid increasing concern about new and more infectious variants of the virus that are emerging overseas and turning up in the United States. This week, officials in South Carolina reported identifying two cases of the variant circulating in South Africa, and officials in Minnesota announced they had found a case of the variant that was first detected in Brazil.

Dr. Rochelle Walensky, the new director of the Centers for Disease Control and Prevention, who was also at the briefing, said another variant, first identified in Britain, has now been confirmed in 379 cases in 29 states. She said officials remained concerned about the variants and were “rapidly ramping up surveillance and sequencing activities” to closely monitor them. Unlike Britain, the United States has been conducting little of the genomic sequencing necessary to track the spread of the variants.

Dr. Walensky also issued a plea to Americans to continue wearing masks and practice social distancing, and to avoid travel. Earlier this month, the C.D.C. warned that the variant circulating in Britain could become the dominant source of infection in the United States and would likely lead to a surge in cases and deaths that could overwhelm hospitals. And given the speed at which the variant swept through that country, it is conceivable that by April it could make up a large fraction of infections in the United States.

“By the time someone has symptoms, gets a test, has a positive result and we get the sequence, our opportunity for doing real case control and contact tracing is largely gone,” she said. “We should be treating every case as if it’s a variant during this pandemic right now.”

Friday’s briefing, the second in what the Biden White House has promised will be thrice-weekly updates on the pandemic, came just hours after Johnson & Johnson reported that while its vaccine was 72 percent effective in the United States, the efficacy rate was just 57 percent in South Africa, where a variant has been spreading.

Public health officials including Dr. Fauci and Dr. Walensky say the emergence of these variants is heightening the urgency of vaccinations. Dr. Fauci also said Friday that children under 16, who are not currently eligible for the vaccine, will likely start getting vaccinated “by late spring or early summer” if small-scale clinical trials show that it is safe and effective to do so.

He noted that the Johnson & Johnson vaccine is 85 percent effective against severe disease, and called the results “very encouraging,” even though the vaccine is not as effective as those by Pfizer and Moderna, which have emergency approval from the Food and Drug Administration. Johnson & Johnson will now seek its own emergency approval.

“This really tells us that we have now a value-added additional vaccine candidate,” he said.

But Dr. Walensky offered a far more sobering observation. While the daily number of new virus cases has been declining, the figures were still much higher than a period last summer, and deaths currently remain worrisome.

According to data compiled by The New York Times, new virus cases have averaged about 160,000 a day in recent days, compared to about 40,000 new cases a day around early September. As of Thursday, the seven-day average of new deaths was more than 3,200 a day, still near peak levels. The daily death toll has topped 4,000 deaths six times in the United States, including twice this week.

At Wednesday’s briefing by the Biden virus team, Jeffrey D. Zients, Mr. Biden’s coronavirus response coordinator, said the United States is lagging far behind other countries in sequencing the genomes of the new variants — a delay he called “totally unacceptable.” Dr. Walensky said she is working to change that.

“We have scaled up surveillance dramatically just in the last ten days, in fact, but our plans are more than what we’ve done so far,” Dr. Walensky said, adding that the C.D.C. is now asking every state to track for worrisome variants and sequence at least 750 samples from patients per week. In addition, she said, the agency has seven collaborations with universities to scale up surveillance to cover thousands of samples per week.

United States › United StatesOn Jan. 28 14-day change
New cases 165,264 –34%
New deaths 3,868 –2%
World › WorldOn Jan. 28 14-day change
New cases 603,392 –22%
New deaths 16,817 +4%

U.S. vaccinations ›

Where states are reporting vaccines given

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E.U. Plans to Halt Vaccine Exports Until Supply Contracts Are Met

The European Union announced a plan that would effectively stop AstraZeneca from shipping Covid-19 vaccine doses manufactured in the bloc to other countries until its E.U. supply contracts are met.

The commission has adopted a strictly targeted measure that will allow us to gather accurate information about the production of vaccines and where manufacturers intend to ship them. The measure is time-limited and specifically applies to those Covid-19 vaccines that were agreed by advance purchase agreements. The measure is intended to run until the end of March. The aim is to provide us immediately with full transparency, transparency that until now has been lacking, and what Europeans expect. And if needed, it also will provide us with a tool to ensure vaccine deliveries.

Video player loadingThe European Union announced a plan that would effectively stop AstraZeneca from shipping Covid-19 vaccine doses manufactured in the bloc to other countries until its E.U. supply contracts are met.CreditCredit…Dinuka Liyanawatte/Reuters

BRUSSELS — The European Union on Friday announced plans to effectively halt any attempt by AstraZeneca to move vaccine doses manufactured in the bloc to other countries unless it first meets its supply obligations to the bloc’s 27 member states.

The move, the latest escalation in a dispute between the bloc and the pharmaceutical company over reduced supplies, came as the European Union’s drug regulator authorized AstraZeneca’s coronavirus vaccine for use across its member states.

AstraZeneca said this month that it would significantly cut its promised delivery supply of the jab to the European Union as of mid-February. That pitted the bloc against Britain, a former member, which has been receiving a steady flow of vaccine doses from AstraZeneca since approving it well ahead of the E.U., in early December.

The AstraZeneca vaccine was developed in cooperation with Britain’s University of Oxford. The European Union accused the pharmaceutical company of using its promised doses to serve Britain, despite having paid the company about $400 million in October to help it scale up its capabilities and produce doses ahead of authorization.

The policy announced by the European Commission on Friday, presented as a “transparency tool,” will ask all pharmaceutical companies manufacturing coronavirus vaccines in factories within the bloc — currently Pfizer and AstraZeneca — to submit paperwork alerting the European authorities of any intention to move their products to non-E.U. countries. It will be in place until the end of March and will not apply to exports to poorer countries.

The Commission said it reserved the right to block such exports if it determined that the pharmaceutical companies were not meeting their contractual obligations with the E.U. first.

The measure could theoretically also affect Pfizer clients, but the Commission has said it is happy with how that company has handled a supply disruption in its Belgian factory that is setting back deliveries. The company has spread the pain among its clients, which include the E.U., Britain and Canada.

The Commission said that AstraZeneca’s decision to maintain delivery volumes to Britain while slashing its deliveries to the E.U., after a problem arose in a Belgium-based plant, was in bad faith and breach of the company’s contractual obligations.

The company’s chief executive responded that he regretted the situation, but that his company had not committed to a specific schedule, but rather to a vow to make its “best effort.”

The Commission dismissed the claim, and published a heavily redacted version of the contract with AstraZeneca. The contract affords the company many standard protections in case it fails to deliver, but includes some clauses that could be seen as favoring the E.U. interpretation that AstraZeneca is obligated to turn to other factories, including in Britain, to fulfill its delivery promises.

The matter is further complicated by regulation issues: The European drug regulator, the European Medicines Association, received an application for authorization from AstraZeneca on Jan. 12, nearly two weeks after the company received emergency authorization in Britain. The E.U. agency was expected to announce approval of use of the vaccine later on Friday.

The dispute with AstraZeneca is occurring against a backdrop of severe shortages of doses at vaccination centers across Europe. French and German regions have reported that they are nearly running out, and the Madrid region of Spain has suspended its rollout for at least two weeks until fresh deliveries arrive.

The E.U. regulator stopped short of imposing an age cap on the use of the vaccine, despite concerns about a paucity of data on the vaccine’s efficacy in people age 65 and older.

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N.Y.C. Indoor Dining to Reopen on Valentine’s Day

On Friday, Gov. Andrew M. Cuomo announced that indoor dining in New York City could resume at up to 25 percent capacity starting on Valentine’s Day.

New York City restaurants, on our current trajectory, we can reopen indoor dining at 25 percent on Valentine’s Day. The restaurants want a period of time so they can notify workers. They can get up to speed for indoor dining, order supplies, etc. So we’re saying indoor dining. 25 percent on Valentine’s Day. Going forward, we are very excited about the possibility of reopening venues with testing. Restaurants are opened on Valentine’s Day. You could make a reservation now or plan dinner on Valentine’s Day, you propose on Valentine’s Day. And then you can have the wedding ceremony March 15, up to 150 people. People will actually come to your wedding because you can tell them with the testing, it will be safe. Everybody there will be tested, and everybody will be safe.

Video player loadingOn Friday, Gov. Andrew M. Cuomo announced that indoor dining in New York City could resume at up to 25 percent capacity starting on Valentine’s Day.CreditCredit…Clay Williams for The New York Times

Indoor dining will resume with limited capacity in New York City restaurants next month, Gov. Andrew M. Cuomo announced on Friday, more than a month after he had banned it to combat a second wave of the coronavirus.

Starting on Feb. 14, the city’s restaurants can seat customers indoors at 25 percent maximum capacity, he said.

The announcement was a source of hope for the restaurant industry, an important driver of the city’s economic engine, which has been decimated by ever-changing virus-induced restrictions that have forced many restaurants and bars to go out of business and caused thousands of workers to lose their jobs.

After shutting down restaurants in March, Mr. Cuomo allowed the city’s indoor dining to restart in late September. He prohibited it again in mid-December as holiday travel threatened to increase transmission of the virus and overwhelm hospitals.

Restaurants and bars that have stayed afloat have relied on takeout and delivery, as well as outdoor dining, an increasingly untenable option as the frigid winter advances.

Starting March 15, wedding receptions with up to 150 attendees will be allowed in the state, the governor said, as long as the venues are at no more than 50 percent capacity. The gatherings would have to be approved in advance by a local health department, and all attendees will have to be tested.

“We want to use testing as the key to reopening events,” Mr. Cuomo said.

The governor’s decisions come at an incredibly precarious phase in the state’s battle against the virus, which has killed more than 42,500 people in New York State, a one-time center of the pandemic.

Yankee Stadium will open its doors as a mass vaccination site, Mr. Cuomo said, pointing to high positivity rates in the Bronx. He did not specify a time frame.

Participating in a Johnson & Johnson vaccine trial at the Desmond Tutu H.I.V. Foundation Youth Center near Cape Town last month.Credit…Joao Silva/The New York Times

Johnson & Johnson said on Friday that its one-dose coronavirus vaccine provided strong protection against Covid-19, offering the United States a third powerful tool in a race against a worldwide rise in virus mutations.

But the results came with a significant cautionary note: The vaccine’s efficacy rate dropped from 72 percent in the United States to 57 percent in South Africa, where a highly contagious variant is driving most cases. Studies suggest that this variant also blunts the effectiveness of Covid vaccines made by Pfizer-BioNTech, Moderna and Novavax.

The variant has spread to at least 31 countries, including two cases documented in the United States this week.

Johnson & Johnson said it planned to apply for emergency authorization of its vaccine from the Food and Drug Administration as soon as next week, putting it on track to receive clearance later in February.

“This is the pandemic vaccine that can make a difference with a single dose,” said Dr. Paul Stoffels, the company’s chief scientific officer.

The company’s announcement comes as the Biden administration is pushing to immunize Americans faster even as vaccine supplies tighten. White House officials have been counting on Johnson & Johnson’s vaccine to ease the shortfall. But the company may have as few as seven million doses ready when the vaccine is authorized, according to federal health officials familiar with its production, and no more than 32 million doses by early April.

The variant from South Africa, known as B.1.351, could make the vaccine push tougher. Given the speed at which the variant swept through that country, it is conceivable that it could make up a large fraction of infections in the United States by April and therefore undermine the effectiveness of available vaccines.

The two vaccines approved by the U.S. government have been found to be less effective against the B.1.351 variant in clinical trials, a development that has unsettled federal officials and vaccine experts.

Many researchers say it is imperative to vaccinate people as quickly as possible. Lowering the rate of infection could thwart the more contagious variants while they are still rare.

“If ever there was reason to vaccinate as many people as expeditiously as we possibly can with the vaccine that we have right now, now is the time,” said Dr. Anthony S. Fauci, the government’s top infectious disease expert. “Because the less people that get infected, the less chance you’re going to give this particular mutant a chance to become dominant.”

A pregnant woman being vaccinated in Tel Aviv. Credit…Jack Guez/Agence France-Presse — Getty Images

The World Health Organization on Friday changed its guidance for pregnant women considering a Covid-19 vaccine, abandoning opposition to immunization for most expectant mothers unless they were at high risk.

The change followed an outcry to the W.H.O.’s previous stance, which stated that the organization did “not recommend the vaccination of pregnant women” with the vaccines made by Pfizer-BioNTech and Moderna.

Several experts had expressed disappointment on Thursday with the W.H.O.’s earlier position. The experts noted that it was inconsistent with guidance on the same issue from the U.S. Centers for Disease Control and Prevention, and would confuse pregnant women looking for clear advice.

The vaccines made by Pfizer-BioNTech and Moderna, while they have not been tested in pregnant women, have not shown any harmful effects in animal studies. And the technology used in the vaccines is generally known to be safe, experts said.

The W.H.O.’s new phrasing reflects this information:

“Based on what we know about this kind of vaccine, we don’t have any specific reason to believe there will be specific risks that would outweigh the benefits of vaccination for pregnant women.” The recommendation is now closely aligned with the C.D.C.’s stance.

Experts praised the shift, welcoming agreement between the world’s leading public health organizations on this important issue.

“I was very pleased to see that W.H.O. changed their guidance regarding offering the Covid-19 vaccine to pregnant women,” said Dr. Denise Jamieson, an obstetrician at Emory University and a member of the Covid expert group with the American College of Obstetrics and Gynecology. The association was among the many women’s health organizations that had urged Pfizer and Moderna to speed up vaccine tests in pregnant women.

“The more permissive W.H.O. language provides an important opportunity for pregnant women to get vaccinated and protect themselves from the severe risks of Covid-19,” Dr. Jamieson said. “This impressively rapid revision by W.H.O. is good news for pregnant women and their babies.”

Pregnant women have traditionally been excluded from clinical trials, leaving a dearth of scientific data on the safety of drugs and vaccines in women and their unborn children. Vaccines are generally considered to be safe, and pregnant women have been urged to be immunized for influenza and other diseases since the 1960s, even in the absence of rigorous clinical trials to test them.

Pfizer will test its vaccine in pregnant women over the next few months, according to a spokeswoman for the company. And Moderna plans to establish a registry to observe side effects in women who were immunized with its vaccine.

Border police at the international airport in Frankfurt, Germany.Credit…Thomas Lohnes/Getty Images

Germany on Friday announced its plans to restrict incoming travel from a handful of countries, including Britain and Ireland, in an attempt to curb the spread of infectious coronavirus variants, going beyond the measures recommended by the European Union.

“It’s about stopping the entry of a highly infectious virus,” Horst Seehofer, Germany’s interior minister, said on Thursday, a day before the federal cabinet approved the restrictions.

Under the new travel ban — which also applies to passengers coming from Portugal, Brazil, South Africa, Lesotho and Eswatini (formerly known as Swaziland) — German residents will be able to return home, but non-German residents from the areas in question will be refused entry, even with a negative coronavirus test.

While multiple known infectious variants have been found in Germany, including the B.1.1.7 variant at a hospital in Berlin, which then had to go into lockdown, health authorities believe they can still prevent variants from spreading and driving new infections.

The change will go into effect over the weekend and will be in place until at least Feb. 17. It follows a temporary halt in travel for all passengers coming from the United Kingdom and South Africa, which was lifted a few days after it was enacted. All nonessential travel remains discouraged.

After more than six weeks of a strict lockdown — during which restaurants, bars, nonessential shops and most schools have been shuttered — Germany is starting to show slight improvement in its daily case numbers. On Thursday, health authorities reported 14,022 infections in a 24-hour period, nearly 4,000 less than the amount registered one week earlier.

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Canadian Airlines Suspend Flights to the Caribbean and Mexico

Prime Minister Justin Trudeau of Canada announced on Friday that major airlines have agreed to suspend flights to sunny vacation spots as new coronavirus quarantine measures are put into place.

The government and Canada’s main airlines have agreed to suspend service to some destinations right away. Air Canada, WestJet, Sunwing and Air Transat are canceling air service to all Caribbean destinations and Mexico starting this Sunday up until April 30. Starting next week, all international passenger flights must land only at the following four airports: Vancouver, Calgary, Toronto and Montreal. In addition to the pre-boarding test we already require, as soon as possible in the coming weeks, we will be introducing mandatory P.C.R. testing at the airport for people returning to Canada. Travelers will then have to wait for up to three days at an approved hotel for their test results, at their own expense, which is expected to be more than $2,000. We will also, in the coming weeks, be requiring non-essential travelers to show a negative test before entry at the land border with the U.S. And we’re working to stand up additional testing requirements for land travel.

Video player loadingPrime Minister Justin Trudeau of Canada announced on Friday that major airlines have agreed to suspend flights to sunny vacation spots as new coronavirus quarantine measures are put into place.CreditCredit…Blair Gable/Reuters

Prime Minister Justin Trudeau of Canada announced Friday that flights between the country and several sunny vacation spots will be suspended, as new testing and quarantining measures are put in place for most air travelers entering Canada.

After previously requiring that air travelers coming to Canada for nonessential purposes show evidence of a negative coronavirus test result from within 72 hours before being allowed on planes, Mr. Trudeau said that they will now also be tested when they land upon their return to Canada. Travelers will have to wait for the results of that second test for three days in a government hotel at their own expense under the new measures.

“Now is just not the time to be flying,” Mr. Trudeau said at an outdoor news conference. “By putting in place these tough measures now, we can look forward to a better time when we can all plan those vacations.”

During most of the pandemic, international flights leaving and entering Canada have been limited to four airports. The flights that are canceled under the new order mainly service resort areas in Mexico and the Caribbean. Airlines are making arrangements to return Canadians who are already in those areas, Mr. Trudeau said.

In December, Canada temporarily stopped air travel to and from the United Kingdom following the appearance there of a new variant of the coronavirus.

Mr. Trudeau estimated that the mandatory three-day stay would cost travelers about 2,000 Canadian dollars, or about $1,570. Travelers with a negative test result will then need to quarantine for 11 more days at their homes. Those with positive test results will be sent to government facilities.

Travelers entering Canada on nonessential trips at land border crossings will also soon be tested, Mr. Trudeau said. They have long been required to quarantine for two weeks.

The premiers of Ontario and Quebec, the country’s two most populous provinces, have been pressuring Mr. Trudeau to introduce testing upon arrival at airports and introduce further flight restrictions. Several Canadian politicians and officials have also come under severe criticism and, in some cases, resigned their positions for traveling outside of the country for vacation.

Mr. Trudeau acknowledged that the percentage of Covid-19 cases in Canada linked to foreign travel is “extremely low.” But he said that the new restrictions should limit the risk posed by new variants of the virus.

“These variations represent a very real challenge,” Mr. Trudeau said.

Columbia University has mostly offered online instruction during the pandemic, and allowed only a sliver of students to live on campus or attend in-person classes. Credit…Mark Lennihan/Associated Press

Over 1,100 undergraduate and graduate students at Columbia University have pledged to withhold their tuition for the spring semester to demand a discount for what they see as a lost spring term.

While some universities have brought students back to campus, Columbia has mostly offered online instruction for students and allowed only a sliver of them to live on campus or attend in-person classes.

In response, students are asking the university to reduce their total costs — including tuition, fees, and room and board — by at least 10 percent, following suit of several schools including Georgetown University, Princeton University and Williams College. Columbia College, the university’s undergraduate school, can cost more than $80,000 a year for students not receiving financial aid.

Strike organizers said that both graduate and undergraduate students were participating; the university has more than 31,000 students.

“It’s a reasonable demand,” said Matthew Gamero, 19, a sophomore who is one of the strike organizers. “This is about the university providing an education of its worth, and to have it online is certainly not what we’re paying for.”

“This is a moment when an active reappraisal of the status quo is understandable, and we expect nothing less from our students,” the university said in a statement. “Their voices are heard by Columbia’s leadership, and their views on strengthening the University are welcomed.”

A tuition discount is only one of a series of demands made by strikers. They have also called on the university to reduce funding for campus policing, improve working conditions for graduate students and provide aid for the surrounding West Harlem community.

The tuition strike was officially kicked off after the spring term bill was due last Friday. For undergraduates, the university could impose a $150 late fee and prevent them from registering for summer or fall classes. The university could also penalize seniors by withholding their diplomas until their balance is paid.

People walk near the Eiffel Tower in Paris the day after Christmas. France will shut its borders to nonessential travel from countries outside the European Union on Sunday.  Credit…Michel Euler/Associated Press

France said on Friday that it would close its borders to non-European Union countries as cases rise and the government struggles to avoid a new lockdown.

Jean Castex, the French prime minister, said that all travel between France and nations outside of the E.U. would be banned starting on Sunday, with exceptions made only for urgent matters. All travelers from E.U. countries, except for cross-border workers, will have to present a negative coronavirus test to enter the country, Mr. Castex added.

Speculation about new restrictions had been growing in France over the past week, with a flurry of conflicting and often confusing information from officials, and many were expecting President Emmanuel Macron to replace the current 6 p.m. to 6 a.m. curfew with a new lockdown.

Speaking after a special cabinet meeting in Paris, Mr. Castex acknowledged France faced a “strong risk of acceleration of the epidemic” because of the more contagious British and South African variants of the virus, and said debates over a new nationwide lockdown were “legitimate.”

“But we all know the very heavy toll it has on the French, on all counts,” he said of a lockdown. “This evening, we consider that in view of the numbers over the past few days, we can still give ourselves a chance to avoid one.”

The variants that emerged in Britain and South Africa have both been detected in France, and the country’s vaccination campaign has slowed amid disruptions in the E.U. supply chain. The number of new cases has continued to rise in France over the past few weeks, with nearly 23,000 new cases reported on Friday, though they have not skyrocketed like they have for some of France’s neighbors.

Britain, which has faced record numbers of cases and deaths, tightened its travel restrictions on Wednesday, requiring British citizens arriving from 22 high-risk countries to quarantine in hotels for 10 days at their own expense. England entered its latest lockdown at the start of January.

The European Commission, the executive arm of the European Union, recommended on Monday restricting nonessential travel in a bid to prevent blanket border closures, which can obstruct trade and the movement of cross-border workers.

“We need to keep safe and discourage nonessential travel,” Ursula von der Leyen, the president of the commission, wrote on Twitter, citing the danger of new variants circulating.

Mr. Castex also announced the closure of the country’s largest malls that do not sell groceries, starting on Sunday, and increased police checks on curfew violations and establishments like restaurants that open illegally. Companies will be further encouraged to have their employees work from home, he said.

“Our goal is to do everything to avoid a new lockdown, and the next few days will be decisive,” Mr. Castex said.

A woman walks past a sorority house on the University of Michigan campus, where more than a dozen cases of a coronavirus variant were found.Credit…Shannon Stapleton/Reuters

Fourteen students at the University of Michigan have contracted a highly contagious variant of the coronavirus, leading health authorities to issue a stay-at-home recommendation for students living on and off campus.

Students were advised to not leave their residences until Feb. 7, except to attend classes, seek medical treatment or run essential errands.

The outbreak of the variant, first detected in Britain and known as B.1.1.7, appears to have started with a student who traveled to the United Kingdom over the winter break, according to Susan Ringler-Cerniglia, a spokeswoman for the Washtenaw County Department of Health.

The first case on the university’s campus was identified on Jan. 16 after the student tested positive and notified officials that he or she had traveled to an area where the variant was prevalent. That prompted additional sequencing that identified the student was infected with the variant, Ms. Ringler-Cerniglia said.

Since then an additional 13 students who are positive with the same variant have been identified. One of them had visited a local indoor mall and a grocery store before testing positive, leading authorities to issue a public notice to people who had visited those locations, asking them to seek testing.

Rick Fitzgerald, a spokesman for the university, said that all the infected students were in isolation with mild symptoms.

The stay-at-home recommendation announced by the Washtenaw County Health Department this week applies to the Ann Arbor campus but not to the broader community.

“More stringent, mandatory actions may be imposed if this outbreak continues to grow and additional variant clusters are identified,” the health department said in a memo to university officials on Wednesday.

Michigan athletics also imposed a two-week pause in competitions and practice, citing the emergence of the variant as the reason. Five of the cases involved individuals connected to the athletic program.

The variant is regarded as 50 percent more transmissible than the standard form of the virus but it isn’t more dangerous, and the vaccines that are currently on the market appear to be effective against it.

Since Michigan’s winter session began Jan. 19, the university has identified a total of 175 coronavirus cases, including the 14 cases of the variant.

Cardinal Timothy Dolan blessed the crowds from the steps of St. Patrick’s Cathedral in Manhattan after Easter Mass in 2016.Credit…Kathy Willens/Associated Press

Cardinal Timothy M. Dolan, the leader of the Roman Catholic Archdiocese of New York, was in quarantine on Friday after he interacted last week with a person who later tested positive for the coronavirus, according to a spokesman.

In a statement, the archdiocese said the cardinal “has not tested positive, feels fine, and has no symptoms.” Joseph Zwilling, a spokesman for the archdiocese, said the cardinal is tested regularly, had tested negative since the interaction, and would be tested again “in a few days.” He did not specify what kind of tests were used nor the timing of when he cardinal was tested after the interaction.

Tests taken too soon after exposure may return false negative results, because the virus has not yet had time to build up to detectable levels. People are thought to carry the largest quantity of virus around the time their symptoms appear, if they experience symptoms at all.

The cardinal’s quarantine had not previously been announced by the archdiocese. Mr. Zwilling said the cardinal had been in quarantine since Wednesday but that no announcement had been made because the infected individual had not received the results of their coronavirus test until Thursday.

“He did not have any public events, and all of his meetings were via Zoom, etc.,” Mr. Zwilling said in an email, referring to the cardinal. “We are announcing today because the exposure was confirmed, and the first public events — Mass tomorrow evening and Sunday morning — were coming up, and he will obviously not be present for those events.”

The cardinal will “continue to follow health and safety protocols as instructed by medical professionals, as will others on his staff who also had close contact with this individual,” the statement said.

Cardinal Dolan is one of the most influential figures in American Catholicism, and the Archdiocese of New York is the second-most populous in the United States, with more than 2.8 adherents living in a territory that stretches from Staten Island into the Hudson Valley.

He had celebrated Mass last Sunday at Saint Patrick’s Cathedral and interacted with other priests and parish personnel, all wearing masks, at that time, according to online video of the service.

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W.H.O. Delivers Update on China Visit

On Friday, the World Health Organization reviewed the details of its investigation into the origin of the coronavirus in China, and what it hopes to learn from the visit.

There is a very long list of site visits planned and face-to-face meetings continue. The — the visits will include the Wuhan Institute of Virology, other labs, the Wuhan markets, early responders, hospitals in which the first clusters of cases occurred. We continue to be hopeful that all of the data and all of the meetings that they need will be had. And and just to reconfirm that all hypotheses are on the table, and we’re looking forward, hopefully, to a successful conclusion of the mission. Success in the case of animal human interface investigations is not measured necessarily in absolutely finding a source on the first mission. This is a complicated business, what we need to do is gather all of the data, all of the information, summarize all of these discussions and come to an assessment as to how much more we know about the origins of the disease, and what further studies may be needed for the release of.

Video player loadingOn Friday, the World Health Organization reviewed the details of its investigation into the origin of the coronavirus in China, and what it hopes to learn from the visit.CreditCredit…Hector Retamal/Agence France-Presse — Getty Images

After months of delays, a team of World Health Organization scientists tracing the pandemic’s origin began its field work on Friday in Wuhan, the Chinese city where the coronavirus was first detected.

The W.H.O. said its team of 15 experts planned to visit hospitals, laboratories and a live animal market over the next several weeks in Wuhan, a city of 11 million, where the virus was detected in late 2019.

“As members start their field visits on Friday, they should receive the support, access and the data they need,” the W.H.O. said on Twitter. “All hypotheses are on the table as the team follows the science in their work to understand the origins of the #COVID19 virus.”

The Chinese government had repeatedly sought to delay the inquiry, apparently out of concern that the experts would draw attention to the government’s early missteps in handling the outbreak. But it relented under mounting global pressure.

The W.H.O. experts were first asked to undergo 14 days of quarantine in Wuhan, which ended on Thursday.

They plan to speak with some of the first patients to show symptoms of Covid-19, as well as with medical workers and Chinese scientists, according to the W.H.O. Their fieldwork will include a visit the Huanan Seafood Wholesale Market, where some of the first cases were detected.

They will also visit the Wuhan Institute of Virology and a laboratory operated by Chinese Center for Disease Control and Prevention.

The question of the pandemic’s origin has caused friction between China and the United States, with officials in each country at times blaming the other for unleashing the virus on the world.

Jen Psaki, the White House press secretary, said on Wednesday that the United States hoped for a “robust and clear” international investigation.

Chinese officials, in response, defended the country’s handling of the inquiry.

“We hope the U.S. side will work with China, take on a responsible attitude and respect facts, science and the diligent work of W.H.O. experts,” Zhao Lijian, a spokesman for the Chinese foreign ministry, said at a news conference in Beijing on Thursday.

  • Chinese officials said on Friday that several passengers traveling to China from the United States had falsified coronavirus test results so they could gain entry to the country. The Chinese consulate in San Francisco said the passengers had “changed their test results from positive to negative” and that other travelers had lied about test results. The consulate did not provide details about the passengers or the punishments they might face. China maintains strict border control rules, including a requirement that travelers present results from antibody and nucleic acid tests before they fly. The consulate said the passengers had violated public health laws. “The way they put others at risk is odious,” the statement said.

  • Vietnam recorded nine more coronavirus cases on Friday, including one in the capital, Hanoi, as a new outbreak spread beyond the two northern provinces where infections had first been detected a day earlier. Officials put the number of cases from the latest outbreak at 93 as of Friday afternoon but said that it could reach 30,000, nearly 20 times the number of cases that Vietnam detected during the entire first year of the pandemic. Vietnam has been among the most successful countries in containing the virus, with strict border controls, mask-wearing, contact tracing and isolation of infected people. The latest outbreak comes as officials from the governing Communist Party meet to select the country’s new leaders, an event held once every five years.

  • Hungary’s medicine authority has approved the coronavirus vaccine developed by the Chinese company Sinopharm. “This means that in addition to Pfizer, Moderna, Sputnik and AstraZeneca, we can also count on Sinopharm,” said Dr. Cecilia Muller, the country’s chief medical officer. “We trust that these vaccines will be readily available in large quantities and the immunization process will be completed in larger numbers in less time.” The country’s foreign minister later announced that it had purchased five million doses of the vaccine. Regarding the options, Prime Minister Viktor Orban expressed enthusiasm for the Chinese vaccine on Friday. “I will wait for the Chinese vaccine,” he said. “I trust that one the most.”

  • Spain’s first case of the South African variant of Covid-19 was detected in the port city of Vigo, in the northwestern region of Galicia. Health authorities in Galicia said a 30-year old man who works in the shipping industry returned from a recent work trip to South Africa and tested positive for the variant earlier this month. He had light symptoms and was not hospitalized, they said.

Registered nurses demonstrated against unsafe staffing practices at Good Samaritan Hospital in San Jose, Calif., in December. Credit…Sarahbeth Maney for The New York Times

The unions representing the nation’s health care workers have emerged as increasingly powerful voices during the still-raging pandemic.

With more than 100,000 Americans hospitalized and many among their ranks infected, nurses and other health workers remain in a precarious frontline against the coronavirus and have turned again and again to unions for help.

Nurses across the country from various unions are participating in dozens of strikes and protests. National Nurses United, the country’s largest union of registered nurses, held a “day of action” on Wednesday with demonstrations in more than a dozen states and Washington, D.C., as it starts negotiations at hospitals owned by big systems like HCA, Sutter Health and CommonSpirit Health.

“It’s so overwhelming. It’s unlike anything I’ve ever seen before,” said Erin McIntosh, a nurse at Riverside Community Hospital in Southern California, a part of the country that has been among the hardest hit by a surge in cases. “Every day I’m waist-deep in death and dying.”

Hospitals said the unions are playing politics during a public health emergency and say they have no choice but to ask more of their workers.

But health care workers say they have been bitterly disappointed by their employers’ and government agencies’ response to the pandemic. Dire staff shortages, inadequate and persistent supplies of protective equipment, limited testing for the virus and pressure to work even if they might be sick have left many workers turning to the unions as their only ally. The virus has claimed the lives of more than 3,300 health care workers nationwide, according to one count.

Credit…Joshua Lott/Reuters

“We wouldn’t be alive today if we didn’t have the union,” said Elizabeth Lalasz, a Chicago public hospital nurse and steward for National Nurses United.

Despite the decades-long decline in the labor movement and the small numbers of unionized nurses, labor officials have seized on the pandemic fallout to organize new chapters and pursue contract talks for better conditions and benefits. National Nurses organized seven new bargaining units last year, compared to four in 2019. The Service Employees International Union, which represents Mrs. McIntosh, also says it has seen an uptick in interest.

Tyler Perry in 2019.Credit…Frederic J. Brown/Agence France-Presse — Getty Images

With the pandemic exposing racial disparities in the United States — Black people have died of Covid-19 at nearly three times the rate of white people, according to the Centers for Disease Control and Prevention — health officials have been working to promote vaccinations in Black communities, and to combat doubt.

So doctors in Atlanta turned to Tyler Perry — a popular and prolific actor, director and studio head — to spread the word to Black audiences that the vaccine was harmless. He agreed to interview the experts, turning it into a TV special that aired Thursday night on BET. On the show, he peppered doctors from Grady Health System with questions about the safety of the vaccine, how it was developed, how it was tested and how it works.

At the end of the interview, with his sleeve pulled up, Perry got the jab as cameras rolled.

Perry is one of the most powerful people in the entertainment industry. He built his fortune portraying the character of Madea, a tart-tongued and irreverent matriarch, onstage and onscreen, before retiring her in 2019 to concentrate on other projects, which include running his 330-acre studios in Georgia.

Skepticism about the Covid-19 vaccine among Black people has been deeply concerning to health officials. A recent study by the Kaiser Family Foundation found that one in three Black people was hesitant about vaccine. A recent CNN analysis found that Black and Latino Americans were getting the vaccine at significantly lower rates than white people — rates attributed to, among other factors, lack of access to health care for many Black people, but also to an entrenched mistrust about the medical establishment.

On the BET special, Perry spoke of episodes in history that have led to a lack of faith in the medical establishment and the government, among them the Tuskegee Syphilis Study, in which doctors allowed syphilis to progress in Black men by withholding treatment from them, and the case of Henrietta Lacks, a Black woman who died of cervical cancer in 1951, whose cells were used in research without her knowledge or consent.

“We as Black people have healthy hesitation when it comes to vaccinations and so on and so forth, and even disease,” he said.

Perry said he didn’t want people getting vaccinated just because he had. “What I want to do is give you the information, the facts,” he said. “There’s a lot of misinformation out there.”

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New York City Sets ‘Aggressive Goal’ of 5 Million Vaccinations by June

Mayor Bill de Blasio said the city is aiming to vaccinate 5 million New Yorkers against Covid-19 by June. He also announced plans to bring city workers back to offices in May and reopen schools for all students in September.

We’re going for an aggressive goal, five million New Yorkers vaccinated by June. I am absolutely certain we can do it so long as we have the vaccine. And I am more and more confident because the actions the Biden administration, because the Johnson Johnson vaccine is coming, more and more confident that we will have what we need. I’m going to push hard on the federal government to get every pharmaceutical company in America into this work because they’re not right now. The federal government needs to ensure that they are required to produce vaccine, whether they’re the originator of the vaccine or not. So long as we have the supply, we can reach five million new Yorkers in June, get to a point of community immunity. And we’re going to bring back our city workforce in May and after, because obviously so many are on the job right now. But the folks who work in our offices and do so much important work, we want them back. We want to send a signal to this whole city. We’re moving forward. We want to see the private sector bring workforces back. We are going to have an entirely different situation as we proceed into the spring. By the end of the spring, I think you’re going to see something very different. And we’re going to a great group of folks out there, our vaccine for all core leading the way. Now, a lot of different pieces matter, and one of the most crucial ones that matters to us for today, for our parents, for our families, for our future, tomorrow — our schools, one of the things that says most clearly, we are back is our schools. And so in September, our schools come back fully. We focus on helping kids overcome that Covid achievement gap. Our 2021 student achievement plan focuses on the academic side, but also the emotional side, the mental health needs of our kids after everything they’ve been through.

Video player loadingMayor Bill de Blasio said the city is aiming to vaccinate 5 million New Yorkers against Covid-19 by June. He also announced plans to bring city workers back to offices in May and reopen schools for all students in September.CreditCredit…James Estrin/The New York Times

In his final State of the City address, Mayor Bill de Blasio offered a sprawling vision of New York City’s recovery from a pandemic that has taken tens of thousands of lives and destroyed the city’s economy.

The mayor committed to accelerating the city’s vaccination efforts and set a goal of inoculating five million New Yorkers by June.

“We’re going for an aggressive goal,” Mr. de Blasio said at a news conference on Friday morning, adding that “I am absolutely certain we can do it, so long as we have the vaccine.”

On Friday, Mr. de Blasio said that, given an adequate supply of the vaccine, the city could vaccinate half a million people per week, and that he planned to reopen vaccination sites that had closed as more vaccine became available.

Johnson & Johnson announced on Friday that their vaccine was very effective at preventing the virus, but that its efficacy dropped steeply against a more contagious variant in South Africa. White House officials have been counting on Johnson & Johnson’s vaccine, to ease the shortfall of vaccine supply. Unlike the federally authorized vaccines made by Pfizer and Moderna, Johnson & Johnson’s vaccine is effective after only one dose. But the company may only have about seven million doses ready when the F.D.A. decides whether to authorize it, according to federal health officials familiar with its production, and about 30 million doses by early April.

Mr. de Blasio also noted on Friday that the citywide seven-day average rate of positive test results was 8.63 percent, and city data show that in more than 30 city ZIP codes the rate is above 10 percent.

During the State of the City address, the mayor also said he would begin in May to bring back to offices the thousands of city employees who have been working remotely, and would safely reopen schools for all students in September.

“New York City’s vaccination effort is the foundation of a recovery for all of us,” the mayor’s 18-page recovery plan says. “With every vaccine shot, New York City moves closer and closer to fully reopening our economy, restoring the jobs we lost and ensuring equality in our comeback.”

If the federal government provides enough stimulus dollars to the city, Mr. de Blasio said, he will create a City Cleanup Corps of 10,000 temporary workers to focus on beautifying the city — an idea he compared to President Franklin D. Roosevelt’s Works Progress Administration during the Great Depression.

Mr. de Blasio also proposed two plans to help small businesses: a $50 million “recovery tax credit” program for businesses that have faced hardships from the pandemic, and a $100 million “recovery loan” program to help shops stay open. The city will provide low-interest loans of up to $100,000 to roughly 2,000 small businesses, according to the mayor’s plan.

But Mr. de Blasio has also warned that the city is facing major budget cuts and layoffs. He recently announced that the city’s property tax revenues are projected to decline by $2.5 billion next year, driven by a drop in the value of office buildings and hotel properties that have emptied out during the pandemic.

Gov. Andrew M. Cuomo announced on Friday that restaurants in New York City, major drivers of its economy that have struggled under pandemic restrictions, could reopen for indoor dining at 25 percent capacity starting on Feb. 14. Mr. Cuomo closed them last month as virus numbers ticked up.

Mr. de Blasio and Mr. Cuomo have expressed optimism that President Biden, along with a Democratic-led Congress, will bring substantial assistance to the city. Mr. de Blasio also called for higher taxes on wealthy New Yorkers in his speech — a policy he has pushed for years, but that Mr. Cuomo has opposed.

Mr. de Blasio noted that more than 100 billionaires in the state increased their net worth by billions of dollars during the pandemic and called again for a redistribution of wealth.

“There is clearly enough money in New York to invest in a fair and fast recovery — it’s just in the wrong hands,” he said.

A protest outside the Denver office of the Occupational Safety and Health Administration last year after hundreds of workers at a Colorado meatpacking plant developed Covid-19, six fatally.Credit…David Zalubowski/Associated Press

The federal occupational safety agency on Friday posted new guidance for employers on reducing the spread of Covid-19 in the workplace, just over one week after President Biden signed an executive order directing it to do so.

The move by the Occupational Safety and Health Administration, part of the Labor Department, includes only recommendations, not requirements. But the agency said it was exploring a rule mandating certain protective measures.

The agency declined to issue such a rule, known as an emergency temporary standard, during the Trump administration. But Mr. Biden indicated support for a standard during the campaign.

The new guidance makes fewer distinctions than the Trump administration’s version based on the exposure risk of different workers. “Everyone should be protected, not some more protected than others,” Ann Rosenthal, a senior adviser to the agency, said on a video call with reporters.

The document issued on Friday also uses less equivocal language than the agency did under President Donald J. Trump. For example, it says the most effective prevention programs “ensure that absence policies are nonpunitive.” During the Trump administration, the agency advised employers to “ensure that sick leave policies are flexible and consistent with public health guidance.”

Meatpacking and meat processing have been a particular source of concern, accounting for an outsized portion of Covid-19 infections nationally.

In late December, a state judge in California issued a temporary restraining order in a lawsuit involving workers at a local poultry plant, requiring a variety of safety protocols such as providing masks and requiring workers to wear them, as well as face shields, where social distancing isn’t possible.

The court announced Friday that it would issue a preliminary injunction to the same effect, giving workers an ongoing ability to force compliance if the company backs off the protocols. It cited evidence submitted by the plaintiffs that “regulatory agencies are overwhelmed by the issues raised by the Covid-19 pandemic and are unable to inspect with the same regularity as was the practice prior to the pandemic.”

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U.S. Airstrike Kills High ISIS Chief in Iraq

BAGDAD – American air strikes on a joint mission with Iraqi forces killed the leading Islamic head of state in Iraq. This attack aimed to contain the group’s resurgence and seek retaliation for a deadly suicide attack in Baghdad last week.

ISIS commander Jabbar Salman Ali Farhan al-Issawi, known as Abu Yasser, was killed on Wednesday near the northern Iraqi city of Kirkuk, the American-led military coalition and Iraqi officials said on Friday.

The Islamic State no longer owns any territory in Iraq, but has continued to carry out deadly attacks. The question of what kind of violence is required to keep the group at bay has been at the center of the US and Iraqi negotiations to reduce the number of US troops in Iraq, and shows America’s role in the raid this week that Iraq continues to rely on the US US military.

A coalition spokesman, Colonel Wayne Marotto, described the death of Mr. al-Issawi as “a severe blow” to the efforts of the Islamic State to regroup.

Mr al-Issawi coordinated the group’s operations in Iraq, anti-terrorism experts said. Colonel Marotto said he was responsible for developing and disseminating guidance to ISIS fighters and for expanding ISIS presence in Iraq.

He said nine other ISIS fighters were killed in the operation.

Colonel Marotto said Iraqi counter-terrorism forces were leading the operation with the support of the coalition’s air, intelligence and surveillance coalition.

The American-led coalition has a policy not to comment on which countries are carrying out certain air strikes. But senior Iraqi security officials, who asked not to be identified because they were not authorized to post the information, said US planes carried out the strikes.

Iraqi officials said the attack on an underground hideout avenged the deaths of 32 Iraqis killed in the ISIS attack on a market in Baghdad last week. More than 100 others were injured in the attack, the deadliest in Baghdad in four years.

ISIS took responsibility for the bombing, saying it was targeting Shiite Muslims and Iraqi security forces.

“We have promised and fulfilled,” Prime Minister Mustafa al-Kadhimi tweeted about the operation in which Mr al-Issawi was killed. “I gave my word to persecute Daesh terrorists. We gave them a thundering answer,” he said, using an Arabic acronym for ISIS.

Mr. al-Kadhimi, a former intelligence chief, also replaced several heads of intelligence and security operations following the ISIS attack, saying it was partly to blame for lax security and intelligence errors.

Mr. al-Kadhimi took office last year and pledged to strengthen security, fight corruption and implement government reforms.

Iraqi and American officials said the operation that killed Mr. al-Issawi lasted months as they approached lower-level ISIS leaders in mountain hideouts near Kirkuk and received information on what appears to be a new center of ISIS operations collected there.

Mr. al-Issawi, originally from the Iraqi city of Fallujah, returned to Iraq six months ago across the porous border to the Kurdish-controlled sector of eastern Syria.

In addition to the air strikes, the operation also included raids by Iraqi counter-terrorism forces in ISIS guest houses, according to an Iraqi military statement.

Although the last major ISIS attack in Baghdad took place two years ago, the group conducts regular operations in provinces further north.

“The information showed that this man was an active coordinator of Islamic state operations,” said Michael Knights, Jill and Jay Bernstein Fellow of Security and Military Affairs at the Washington Institute for Near East Policy. “Iraq is probably still the largest operating environment for ISIS, which effectively means he is the country manager of the largest subsidiary.”

At its height, ISIS controlled almost a third of Iraqi territory and all of Syria province after declaring a caliphate with Mosul as its capital in 2014. American-backed, Kurdish-led troops drove the group out of the last territory they owned two years ago, near the city of Baghuz in Syria.

The assassination of Mr. al-Issawi “shows the Iraqi people that the government is capable of effective action,” said Mr. Knights.

Crucial American aid in the raid came amid increasing political pressure from pro-Iranian groups in Iraq to evict US troops from the country.

After the recent cuts by the Trump administration, the United States still has about 2,500 soldiers on three Iraqi military bases. While Iraqi capabilities in the fight against ISIS have improved, the country still relies on intelligence, surveillance equipment and air support from the US-led coalition.

“From an operational standpoint, it is important that ISIS is disrupted as much as possible, but it obviously needs a lot of follow-up,” said Sajad Jiyad, an Iraq-based employee with the Century Foundation. “ISIS has shown that it is quite resilient and can show up in small cells, especially in rural areas and difficult terrain, and also targets areas that are very difficult for Iraqi forces to monitor.”

Mr Jiyad said he believed that helping US forces with operations against ISIS would gain goodwill. But he said the US drone attack that killed a senior Iraqi security officer along with Iranian commander General Qassim Suleimani in Baghdad last year had more weight in strengthening opposition to American forces in Iraq.

Following the drone attack, the Iraqi parliament passed a resolution calling on the government to evict American forces from Iraq. This step was not implemented.

“The presence of US forces is part of a larger problem unrelated to Daesh,” Jiyad said. “These kinds of things can’t just be washed away. The US has been helpful against ISIS.”

Eric Schmitt contributed to coverage from Washington.

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Business

Toys R Us’ final two shops within the U.S. are closed for good

The New Toys “R” Us Store opens at Garden State Plaza in Paramus, New Jersey.

Source: Tru Kids Brand

Toys R Us closed the only two stores that were left.

The legendary toy retailer made the decision based on the troubles caused by the Covid pandemic and plans to shift resources to opening new locations where there will be better customer traffic, a CNBC spokesperson told CNBC in a statement emailed With.

“Consumer demand in the toy category and for Toys R Us continues to be strong and we will continue to invest in the channels in which the customer wants to experience our brand,” the person said.

Toy sales in the US rose 16% last year to $ 25.1 billion, market researcher The NPD Group reported on Monday as families turned to toys to keep children busy during the health crisis. However, a greater proportion of these sales take place online.

Tru Kids, a company that acquired the intellectual property of Toys R Us during its liquidation in 2018, opened two smaller stores in late 2019: one at Unibail-Rodamco-Westfield’s Garden State Plaza mall in Paramus, New Jersey, and a second in Simon Property Group’s Galleria in Houston. The Houston location closed on January 15th while Paramus closed on Tuesday.

Representatives from URW and Simon did not immediately respond to CNBC’s requests for comment.

Tru Kids still runs the Toys R Us website, which ultimately sends customers to Amazon to complete a purchase after marketing toys.

Many consumers have stayed away from brick and mortar stores during the pandemic and have instead bought more online. Retailers in shopping malls have suffered extraordinarily. It will likely take some time for shoppers to get used to returning to the malls, and a retail research firm predicts that up to 10,000 store closings could be announced by retailers in the US this year, which would set a new record.

Bloomberg first reported on the closure of Toys R Us on Friday.

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Health

United Airways warns hundreds of employees that their jobs are in danger

A United Airlines Boeing 737-800 and a United Airlines A320 Airbus approaching San Francisco International Airport, San Francisco.

Louis Ribbon | Reuters

According to United Airlines, the jobs of around 14,000 employees will be at risk if a second round of federal aid expires this spring. This is the latest sign of the industry struggling to regain a foothold in the coronavirus pandemic.

Companies are required by law to notify employees in advance if their jobs are at risk, and this does not mean they will ultimately lose their jobs. United is turning to new voluntary measures to reduce headcount.

United and American Airlines recently began calling back thousands of employees who were on leave when the first round of state payroll ran out in the fall. Congress approved additional aid to industry last year on condition that they recall workers on leave and keep payrolls by March 31. United told employees last year that the callbacks would likely be temporary.

“Despite continued efforts to distribute vaccines, customer demand has not changed significantly since these employees were recalled,” the airline said in an employee report seen Friday by CNBC. “When the callbacks began, United said most of the employees who were recalled would be returning to their previous status due to the fall break around April 1st.”

United involuntarily took around 13,000 employees on leave in the fall as the terms of the $ 25 billion Congress approved for U.S. airlines last year expired. The number of workers receiving WARN notices is higher as some workers also voluntarily take leave or enroll in other optional programs.

Hawaiian Airlines flight attendants also receive vacation notifications, according to the Association of Flight Attendants-CWA.

The AFA and the Association of Professional Flight Attendants, American Airlines’ flight attendants union, wrote to President Joe Biden and the congressional officials on Friday asking them to extend airline payroll support until September 30th.

“Without immediate action in this area, key workers will again find themselves faced with incredible uncertainty as jobs will be lost and the cost of the job the airlines will be starting in the coming days will be reduced,” wrote AFA President Sara Nelson and APFA – President Julie Hedrick.

American Airlines cut around 19,000 jobs in the fall after the payroll had expired. The airline did not immediately comment on whether it would also send notifications about possible job cuts in the spring.

“If demand has not gotten much better by then … we will definitely have to address this if demand does not pick up,” said CEO Doug Parker on a call for earnings on Thursday. “We are already talking to our unions about things we can possibly do.”

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Business

GameStop and Inventory Market Stay Updates

Here’s what you need to know:

By: Ella Koeze·Data delayed at least 15 minutes·Source: FactSet

Stocks on Wall Street fell sharply on Friday, the latest turn in stretch of volatile trading that’s put the S&P 500 on track for its worst week since late October.

The index fell more than 2 percent by Friday afternoon, adding to a decline of 1.4 percent for the week through Thursday.

Wall Street’s attention this week has been consumed by an army of day traders that has been whipping around a handful of stocks, forcing losses on hedge funds and earning the attention of regulators and senators. These traders, mostly small investors on trading apps like Robinhood who share their ideas on Reddit and other social media, are only focused on a relatively small number of stocks.

But they’ve become a cause for concern for large investors who had bet against those companies and are losing money quickly as the shares rise. GameStop, still the favorite of this crowd, is was up nearly 70 percent on Friday alone. Another target, AMC Entertainment rose more than 60 percent.

For the broader market, the concern is that the big institutions that are losing money as a result of the frenzy, will have to sell other stocks to offset those losses. This so-called forced liquidation was a factor in a sharp decline earlier in the week, Mark Haefele, chief investment officer at UBS Global Wealth Management wrote in a note to clients.

  • Johnson & Johnson said on Friday that its one-dose coronavirus vaccine provided strong protection against Covid-19 — but it appeared to be less effective against new variants of the coronavirus. Johnson & Johnson’s vaccine is also less effective than those produced by Moderna and Pfizer, and its shares fell.

  • In the United States, personal income ticked back up in December while consumer spending continued to fall, the Commerce Department reported. Income increased 0.6 percent after two straight monthly declines. Spending was down 0.2 percent, the second drop in a row.

  • Data from Europe, meanwhile, showed that the German and French economies performed better at the end of last year than analysts expected. Germany, Europe’s largest economy, even managed to grow slightly. But a struggle to increase the region’s supply of vaccinations has damped optimism about this year’s economic recovery. Spain on Wednesday became the first E.U. country to partly suspend immunizations for lack of doses.

Credit…Amy Lombard for The New York Timesø

Robinhood raised $1 billion from investors on Thursday to help it cover cash demands during the week’s stock trading frenzy. But the online brokerage, the venue of choice for small investors during the mania for shares in GameStop, AMC Entertainment and others, must still confront feelings of betrayal from its loyal customers and questions about its business model, the DealBook newsletter writes.

In imposing trading limits on hugely popular stocks yesterday because of financial requirements from a central Wall Street trading hub, Robinhood alienated some of its core customers. (Small groups of them gathered to protest outside the New York Stock Exchange and Robinhood’s headquarters in Menlo Park, Calif.) That sense of abandonment — that the brokerage had chosen to protect Wall Street institutions at risk of losing money over small investors making it — may be harder to address than annoyance over technical outages, like those that bedeviled the platform last year.

Meanwhile, Robinhood’s business model of no-fee trading is under renewed pressure. The company turned to existing investors and bank credit lines for cash because it cannot raise money by charging customers more. It benefits from more trading — but more trading also means it needs more capital to hold against its users’ trades, especially when volatility makes its partners in settling trades more risk averse. Becoming a publicly listed company, able to more easily sell stock and raise debt, would help, but future trading frenzies could lead to more demands for cash.

Washington also sees cause for concern. The Securities and Exchange Commission said on Friday that it would review action that “may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.”

Lawmakers in the House and Senate have pledged to hold hearings into the inner plumbing of Wall Street trading, and could perhaps require brokerages to post higher margin requirements to prevent similar runs. That could make trading costlier for users, turning some off to the whole business.

Credit…Gabriela Bhaskar for The New York Times

GameStop shares surged on Friday, the latest turn in a week of wild price swings in companies that have been bid up in a frenzy of activity by small investors.

This week, shares in GameStop — a stock Wall Street had given up on — have reached as high as $483 and fallen as low as $61.

GameStop had ended the regular trading session down 44 percent on Thursday. The drop earlier in the day had come as Robinhood and other trading platforms said they would limit the ability to buy certain securities, including AMC Entertainment and BlackBerry.

Then the trading app reversed some of the restrictions. The shares rose about 65 percent on Friday.

“We plan to allow limited buys of these securities” starting Friday, Robinhood said in blog post on Thursday afternoon. “We’ll continue to monitor the situation and may make adjustments as needed.”

Robinhood called its move “a risk-management decision,” and later said it had raised $1 billion to cover the costs of the high volume of transactions so it wouldn’t need to reimpose restrictions.

Other brokerage firms have also limited trading of some of the same stocks. The Securities and Exchange Commission said Wednesday it was “actively monitoring” the volatile trading.

Other stocks spurred on by day traders in Reddit forums like “Wall Street Bets” include AMC Entertainment, the movie-theater chain that has narrowly avoided bankruptcy four times in the past nine months, which rose 53 percent in early trading Friday after dropping 57 percent on Thursday.

Chevron reported its third straight quarterly loss on Friday, as oil and natural gas prices remained low because the pandemic has disrupted activity across the economy. It was the company’s worst performance in four years.

The oil industry has suffered mightily over the last year, forcing companies to slash jobs, write off assets and, in the case of dozens of mostly smaller firms, file for bankruptcy.

With its varied international operations, Chevron comes out of the year stronger than most of its competitors, but the California-based company still lost $665 million in the last three months of 2020. The company lost $5.5 billion for the full year, down from a $2.9 billion profit in 2019.

“2020 was a year like no other,” said Chevron’s chief executive Mike Wirth in a statement. “We were well positioned when the pandemic and economic crisis hit, and we exited the year with a strong balance sheet.”

With oil and gas prices rising at the end of the year, Chevron’s oil and gas production yielded a $501 million profit in the fourth quarter, but its refining and chemical businesses continued to suffer as the global economy remained sluggish.

A spraypainted sign near the New York Stock Exchange. GameStop’s stock surge has been carried by a populist message.Credit…Gabriela Bhaskar for The New York Times

GameStop started the week as a curiosity — an illustration of how markets may have become detached from reality and how small traders can use options to drive stock prices.

By Tuesday, the story of the stock had become an obsession, as it nearly doubled in price. Groups of renegade investors on forums such as Reddit and Discord were trying to force a short squeeze — pushing up the price of stocks that hedge funds had bet would go down.

On Wednesday, GameStop was the most actively traded stock, with $24 billion worth of shares switching hands as prices rose 135 percent. Brokerages started to worry about their exposure, with some limiting customers from purchasing shares on margin — with borrowed funds. Elon Musk and Chamath Palihapitiya jumped into the fray, urging the crowd on via Twitter. The Securities and Exchange Commission said it was “actively monitoring the ongoing market volatility.”

The surge of GameStop and other stocks — AMC Entertainment and American Airlines were two other favorite targets — was starting to take a toll on hedge funds. Melvin Capital had to raise a $2.75 billion bailout from Citadel and Point72 early in the week, and its founder, Gabriel Plotkin, confirmed to CNBC that he was throwing in the towel and had exited his position.

Point72’s returns were down nearly 15 percent for the year as of Wednesday, and returns at Citadel were down by single digits.

The stock had its first daily drop of the week on Thursday, as the apps that many traders relied on limited action. Robinhood, among others, temporarily prevented its users from buying new positions in GameStop and other companies. The announcement infuriated users, who felt that the platform had betrayed them to satisfy big investors. “They call themselves Robinhood, but they’re helping the wealthy take money back from the middle class,” said a protester outside Robinhood’s headquarters.

Robinhood said it would reallow some trades on Friday, potentially setting up another day of wild swings. It said it had placed the limits because of “financial requirements” and was raising an infusion of $1 billion to ensure it wouldn’t need to further limit transactions.

Analysts expect GameStop to report a loss from continuing operations of $465 million for 2020, on top of the $795 million it lost in 2019.

Felix Hufeld, who served as president of Germany’s financial regulatory agency for six years, is stepping down after a review of the Wirecard scandal.Credit…Armando Babani/EPA, via Shutterstock

The president of Germany’s financial oversight authority is stepping down and the body will be reorganized following the collapse of the financial technology company Wirecard and the ensuing accounting scandal, the German finance minister, Olaf Scholz, said on Friday.

Mr. Scholz said the regulatory agency, known as BaFin, needed a reorganization to more effectively carry out its duties. The announcement came following a monthslong investigation into Wirecard’s collapse in June.

“Alongside of the planned organizational reform at BaFin, there should also be a change in personnel,” Mr. Scholz said in a statement announcing the departure of Felix Hufeld, who had served as president of BaFin for six years.

German authorities have been criticized for failing to act despite reports of irregularities at the Bavaria-based Wirecard, which filed for insolvency proceedings in June. Days earlier, the company acknowledged that 1.9 billion euros ($2.1 billion at the time) on its balance sheets probably never existed. The episode marked a dramatic turn of events for Wirecard, an electronics payments processor that had once been listed on Germany’s blue-chip DAX stock index.

Calls for Mr. Hufeld to be replaced came after BaFin reported one of its employees to state prosecutors on Thursday on suspicion of insider trading linked to Wirecard shortly before it collapsed.

Munich prosecutors are investigating Markus Braun, Wirecard’s longtime chief executive, and Jan Marsalek, an Austrian who fled Germany and remains at large. German prosecutors believe Mr. Marsalek may have embezzled more than €500 million.

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Benefits of Acting Now on Relief ‘Far Outweigh the Costs,’ Yellen Says

Speaking alongside President Biden, Treasury Secretary Janet L. Yellen pushed for swift action on coronavirus relief legislation to combat the economic impacts of the pandemic.

“Millions of people are out of work, unemployed. The future of millions are held back for no good reason other than our failure to act. So the choice couldn’t be clearer. We have learned from past crises the risk is not doing too much. The risk is not doing enough. And this is the time to act now. I’ve asked Secretary Yellen, who’s been leading this effort to come in, and we’re going to go into some detail among ourselves. But I think she has a statement to make as well.” “Thank you for the privilege, Mr. President. Well, there is a huge amount of pain in our economy right now, and it was evident in the data released yesterday. Over a million people applied for unemployment insurance last week, and that’s far more than in the worst week of the Great Recession. And economists agree that if there’s not more help, many more people will lose their small businesses, the roofs over their heads and the ability to feed their families. And we need to help those people before the virus is brought under control. The president’s American rescue plan will help millions of people make it to the other side of this pandemic. And it will also make some smart investments to get our economy back on track. I want to emphasize, the president is absolutely right. The price of doing nothing is much higher than the price of doing something and doing something big. We need to act now. And the benefits of acting now, and acting big, will far outweigh the costs in the long run.”

Video player loadingSpeaking alongside President Biden, Treasury Secretary Janet L. Yellen pushed for swift action on coronavirus relief legislation to combat the economic impacts of the pandemic.CreditCredit…Anna Moneymaker for The New York Times

President Biden received his first formal economic briefing from Treasury Secretary Janet L. Yellen on Friday as the White House pushes to get another stimulus package moving through Congress.

The meeting took place in the Oval Office and Vice President Kamala Harris was also in attendance. Ms. Yellen was sworn in on Tuesday and has spent her initial days in the job getting briefed by advisers on the status of the existing stimulus programs and speaking to foreign finance ministers about America’s plans to engage with its allies. She has also been monitoring the unusual stock market activity related to GameStop this week.

“The price of doing nothing is much higher than the price of doing something and doing something big,” Ms. Yellen said before the briefing. “We need to act now. The benefits of acting now and acting big will far outweigh the costs in the long run.”

Ms. Yellen was joined in the meeting by Brian Deese, director of the National Economic Council, and Jared Bernstein of the Council of Economic Advisers.

The economic recovery shows signs of slowing, fueling concerns among White House officials that time is running short to pass a robust package before some emergency benefits expire in March. Democrats in Congress are still debating whether to push legislation forward on their own, using a mechanism called reconciliation, or work with Republicans on a bipartisan bill.

Ms. Yellen foreshadowed her advice to Mr. Biden during her confirmation hearing last week. She called on lawmakers to “act big” and said that providing robust support was the fiscally responsible thing to do to avoid long term damage to the economy.

Ms. Yellen’s team at Treasury is still taking shape and people close to her suggest that she will most likely assume the role of offering the White House high-level economic advice and helping to close the deal with lawmakers in Congress, rather than directly engaging in negotiations. The Treasury Department will also be heavily involved in the design and implementation of the relief programs.

Mr. Biden indicated that passing relief legislation was his top priority.

“People are going to be badly, badly hurt if we don’t pass this package,” Mr. Biden said on Friday.

A market in Paris this month. The French economy shrank 8.3 percent overall in 2020, but performed better than expected in the October-December quarter.Credit…Ludovic Marin/Agence France-Presse — Getty Images

Severe recessions in Germany and France last year, caused by the coronavirus pandemic, began to improve slightly toward the end of 2020, as a second series of lockdowns had a milder impact on their economies, those governments reported on Friday.

But prospects for a hoped-for recovery this year in Europe’s two largest economies may be delayed as a new variant of the virus circulates and as problems emerge in the rollout of vaccines, economists warned.

The French economy shrank by 8.3 percent last year as two sets of national lockdowns, lasting months, dealt strong blows to business activity, the national statistics agency reported on Friday.

But the overall contraction was less than expected. By reducing the strictness of the nation’s second lockdown, which went into effect in October and was mainly limited to restaurants and cultural events, the government avoided a worse economic hit, the statistics agency said. Growth in the fourth quarter fell 1.3 percent, compared with the same period a year ago — far less than the 4 percent contraction forecast by many economists.

In a note to clients, the Dutch bank ING wrote, “The big question now is whether France will manage to avoid a second recession in 15 months.”

“Given the current health situation, another recession looks all but certain,” the bank added.

The economy in Germany grew 0.1 percent in the fourth quarter compared with the third quarter, the country’s Federal Statistical Office said. That compared to growth of 8.5 percent in the third quarter, as the economy bounced back from a severe downturn early in the year, when the pandemic brought German factories to a standstill.

Over all, the German economy shrank 5 percent for all of 2020, the statistical office said.

In a separate note to clients, ING said, “It’s the worst performance since the financial crisis in 2009 but still much better than some had feared at the start of the Covid-19 crisis.”

Economists predict that the German economy will shrink again in the first quarter of 2021 (not the first quarter of 2020 as was earlier reported here) because of the slow rollout of vaccines and extended lockdowns.

Local businesses have been eviscerated by the pandemic.Credit…Adria Malcolm for The New York Times

The economic upheaval caused by the pandemic is changing communities across the country. Hundreds of thousands of businesses have closed, leading to lost livelihoods and empty storefronts. Many of these businesses were neighborhood pillars, beloved locales that we returned to over and over again. In your neighborhood, perhaps the bar where you met friends after work, the restaurant where your family celebrated birthdays or the bookstore where you loved to browse is now gone.

The New York Times would like to hear from you about a local business that has shut down. Why was it special to you, and what do you miss about it? How is its absence altering the fabric of your community?

We may contact you with a few follow-up questions. And if you can, please share a photo of the business as well.

Robinhood curbed trading in cryptocurrencies on Friday, its latest restriction on users in a frenzied week of trading centered on the soaring stock of the video game retailer GameStop.

The trading platform said that instant deposits were temporarily unavailable for crypto purchases, which means users cannot buy anything until their deposit settles. But customers can still use any settled funds in their account to buy cryptocurrencies.

“Due to extraordinary market conditions, we’ve temporarily turned off instant buying power for crypto,” Robinhood said in a statement. “We’ll keep monitoring market conditions and communicating with our customers.”

A spokeswoman for the firm said it typically aims to give customers immediate access to up to $1,000 of their deposit. The new rules do not affect its Gold customers.

Robinhood and several other online brokerages put restrictions on trading of stocks like GameStop and the movie theater chain AMC, which soared this week in a rally sparked by amateur investors. But the platform said that it was beginning to relax some of those limitations.

Robinhood is now allowing its users to buy shares in some of the affected stocks, but within certain limits: Users can buy just five shares of GameStop, according to its website, and up to 115 shares of AMC. Positions in options contracts are also limited.

In the frenzy this week to buy shares of shorted stock, small-scale investors have turned to American Airlines. Its stock is the most shorted of any major U.S. airline.Credit…Kriston Jae Bethel for The New York Times

American Airlines appeared to seize an opportunity on Friday morning when it announced plans to raise more than $1.1 billion by selling shares amid a frenzy for its stock.

The airline this week found itself in the middle of a war of wills between amateur individual investors and professional traders at hedge funds and financial firms. The individual investors, who congregated on social media sites like Reddit, collectively bought up shares of companies like GameStop and AMC Entertainment that professionals had bet against. In so doing, some of these self-described financial insurgents earned big profits and forced some big investors to take major losses.

Emboldened by that success, the amateurs turned their attention to other companies whose stocks have been shorted, or bet against, including American. The airline said on Thursday that it lost nearly $9 billion last year, a figure that was largely ignored by the small-scale investors who tried to pile into its stock, despite being hamstrung by brokerage firms like Robinhood that restricted trading in several stocks, including American’s. The company’s stock rose more than 20 percent between Wednesday and Friday morning, but fell somewhat once regular trading began on Friday.

By issuing additional shares, American seems be making the most of the thirst for its stock while it can. There is no guarantee that interest will persist because online traders could easily decide to move onto other companies.

“American will need to shift its focus to fixing the balance sheet after demand comes back and the company begins generating cash again,” Helane Becker, managing director and senior airline analyst at Cowen, an investment bank, said in a note to clients on Thursday.

Airlines have been burning through cash since the pandemic took hold early last year. Air travel has recovered somewhat, but passenger traffic is still down about two-thirds compared with the same time in 2019.

American entered the pandemic with more debt than its rivals. As a result, professional investors have bet heavily against it. According to S3 Partners, a financial data firm, American is the most shorted major U.S. airline, with nearly 19 percent of its shares subject to short trades, compared to just 4.7 percent for JetBlue and 4.4 percent for United Airlines.

Credit…Greg Baker/Agence France-Presse — Getty Images

HNA Group, a Chinese conglomerate that spent $50 billion on trophy businesses spanning the globe but has since grappled with high debt, said on Friday that a creditor has filed a petition for it to be declared bankrupt.

HNA said in a short statement that the creditor submitted the application to a court in the southern province of Hainan, where HNA is based, because the company had failed to pay its debts. The company did not say whether the court had ruled on the petition.

The announcement highlights challenges that continue to besiege the once high-flying company, which previously owned big stakes in Deutsche Bank, Hilton Hotels and Virgin Australia. HNA asked the Chinese government to help bail it out last year, blaming the impact of the coronavirus on flight cancellations for its debt woes.

Founded as a regional airline, HNA was once a rising star among a new breed of Chinese companies that included Anbang Insurance Group, Dalian Wanda and Fosun International. Lubricated by cheap loans from state-run banks and aided by strong political connections, these private companies scoured the world for splashy deals, buying hotels, production companies and even stakes in big global banks.

But as these companies expanded their empires, authorities worried that the huge debt bill they had racked up posed a lurking risk to China’s financial system.

Struggling under a massive $90 billion debt bill, HNA sold off billions of dollars’ worth of properties. At one point it was so strapped for cash that it asked its own employees to lend it money.

Eventually, HNA’s chairman admitted that the company was having trouble paying its bills and the salaries of some employees. Officials from the civil aviation administrator and China Development Bank stepped in last year to take over the responsibility of managing the company’s risk. HNA also gave two board seats to local government officials.

HNA said on Friday that it had been notified by a court in Hainan, where it is headquartered, that creditors applied for its bankruptcy. The company would cooperate with the court, it said in a statement on its website.

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Health

Johnson & Johnson’s Vaccine Provides Sturdy Safety however Fuels Concern About Variants

[Live updates: follow our coverage of the coronavirus]

Johnson & Johnson announced on Friday that its one-dose coronavirus vaccine provided strong protection against Covid-19, potentially offering the United States a third powerful tool in a desperate race against a worldwide rise in virus mutations.

But the results came with a significant cautionary note: The vaccine’s efficacy rate dropped from 72 percent in the United States to 57 percent in South Africa, where a highly contagious variant is driving most cases. Studies suggest that this variant also blunts the effectiveness of Covid vaccines made by Pfizer-BioNTech, Moderna and Novavax. The variant has spread to at least 31 countries, including the United States, where two cases were documented this week.

Johnson & Johnson said that it planned to apply for emergency authorization of the vaccine from the Food and Drug Administration as soon as next week, putting it on track to receive clearance later in February.

“This is the pandemic vaccine that can make a difference with a single dose,” said Dr. Paul Stoffels, the chief scientific officer of Johnson & Johnson.

The Johnson & Johnson vaccine was 85 percent effective in preventing severe disease, regardless of what variant caused it, the company said. While less effective than the Moderna and Pfizer vaccines, Johnson & Johnson’s is still considered a strong vaccine by scientists. Annual flu vaccines, for example, are typically 40 to 60 percent effective.

The company’s announcement comes as the Biden administration is pushing to immunize Americans faster even with a tight vaccine supply. White House officials have been counting on Johnson & Johnson’s vaccine to ease the shortfall. But the company may only have about seven million doses ready when the F.D.A. decides whether to authorize it, according to federal health officials familiar with its production, and about 30 million doses by early April.

The variant from South Africa, known as B.1.351, could make things even worse for the vaccine push. Given the speed at which the variant swept through that country, it is conceivable that by April it could make up a large fraction of infections in the United States.

The fact that four vaccines backed by the federal government seem to be less effective against the B.1.351 variant has unsettled federal officials and vaccine experts alike. Facing this uncertainty, many researchers said it was imperative to get as many people vaccinated as possible — quickly. Lowering the rate of infection could thwart the contagious variants while they are still rare, and prevent other viruses from gaining new mutations that could cause more trouble.

“If ever there was reason to vaccinate as many people as expeditiously as we possibly can with the vaccine that we have right now, now is the time,” Dr. Anthony S. Fauci, the government’s top infectious disease expert, said in an interview. “Because the less people that get infected, the less chance you’re going to give this particular mutant a chance to become dominant.”

As the United States scrambles to get enough vaccines, the country is turning into something of an evolutionary experiment. The B.1.351 variant is one of several that have arrived in the country or originated here, all with the ability to spread faster than other variants.

“The pandemic is a lot more complicated now than it was a couple months ago,” said Dr. Dan Barouch, a virologist at Beth Israel Medical Center in Boston.

Vaughan Cooper, an evolutionary biologist at the University of Pittsburgh, said that all the new variants were likely evolving quietly for months before bursting on the scene. “I think we’re going to see many stories like this,” he said.

Federal regulators are also still waiting on data from Johnson & Johnson’s new manufacturing facility in Baltimore that prove it can mass-produce the vaccine. The company is counting on that factory to help reach its contractual pledge to the federal government of 100 million doses by the end of June.

If Johnson & Johnson can deliver vaccines quickly enough to the United States, it might be able to help drive down cases before variants make things worse. Since the vaccine requires only a single shot — unlike the Moderna and Pfizer-BioNTech vaccines, which require two — that delivery would translate into full coverage for 100 million people.

Johnson & Johnson’s vaccine has another advantage that might help speed up the rollout. It can stay viable in a refrigerator for three months, while the two authorized vaccines have to be kept frozen. That gives the company an edge not just in reaching more isolated parts of the United States, but in getting the vaccine to remote areas of the world that could otherwise seed more aggressive mutants.

“I hope this vaccine gets approved as soon as possible to reduce disease burden around the world,” said Akiko Iwasaki, immunologist at Yale University. She pointed out that the shot greatly reduced the number of severe Covid cases, even those caused by the variant. “This is a really great result.”

Still, Johnson & Johnson and other vaccine makers must prepare for the B.1.351 variant or another one surging to dominance and demanding new vaccines. “You’ve got to be nimble enough to be able to adapt by upgrading our vaccines that match the dominant strain,” Dr. Fauci said.

Exactly when to make that switch will be a difficult decision, because the viruses are spreading unpredictably, and manufacturing new doses will be a huge undertaking.

“The implications of that are big. You would not take that choice lightly,” said John D. Grabenstein, an epidemiologist with the Immunization Action Coalition, a nonprofit organization that disseminates information about vaccines. “It’s not doomsday. It’s just that we are going to need a bigger boat.”

Johnson & Johnson’s announcement came one day after Novavax said an early analysis of its 15,000-person trial in Britain had revealed that the two-dose vaccine had an efficacy rate of nearly 90 percent there. But in a small trial in South Africa, the efficacy rate dropped to just under 50 percent.

Johnson & Johnson presented only a summary of findings of its clinical trial. The vaccine was 85 percent effective in preventing severe disease in all three regions where the trial was run: the United States, Latin America and South Africa. After 28 days, none of the vaccinated participants who developed Covid-19 had to be hospitalized.

The company reported that the vaccine’s protective effect seems to increase with time. But without long-term data on immunity, scientists and regulators do not yet know whether the vaccine’s efficacy peaks at some point before dropping.

Covid-19 Vaccines ›

Answers to Your Vaccine Questions

Am I eligible for the Covid vaccine in my state?

Currently more than 150 million people — almost half the population — are eligible to be vaccinated. But each state makes the final decision about who goes first. The nation’s 21 million health care workers and three million residents of long-term care facilities were the first to qualify. In mid-January, federal officials urged all states to open up eligibility to everyone 65 and older and to adults of any age with medical conditions that put them at high risk of becoming seriously ill or dying from Covid-19. Adults in the general population are at the back of the line. If federal and state health officials can clear up bottlenecks in vaccine distribution, everyone 16 and older will become eligible as early as this spring or early summer. The vaccine hasn’t been approved in children, although studies are underway. It may be months before a vaccine is available for anyone under the age of 16. Go to your state health website for up-to-date information on vaccination policies in your area

Is the vaccine free?

You should not have to pay anything out of pocket to get the vaccine, although you will be asked for insurance information. If you don’t have insurance, you should still be given the vaccine at no charge. Congress passed legislation this spring that bars insurers from applying any cost sharing, such as a co-payment or deductible. It layered on additional protections barring pharmacies, doctors and hospitals from billing patients, including those who are uninsured. Even so, health experts do worry that patients might stumble into loopholes that leave them vulnerable to surprise bills. This could happen to those who are charged a doctor visit fee along with their vaccine, or Americans who have certain types of health coverage that do not fall under the new rules. If you get your vaccine from a doctor’s office or urgent care clinic, talk to them about potential hidden charges. To be sure you won’t get a surprise bill, the best bet is to get your vaccine at a health department vaccination site or a local pharmacy once the shots become more widely available.

Can I choose which vaccine I get?How long will the vaccine last? Will I need another one next year?

That is to be determined. It’s possible that Covid-19 vaccinations will become an annual event, just like the flu shot. Or it may be that the benefits of the vaccine last longer than a year. We have to wait to see how durable the protection from the vaccines is. To determine this, researchers are going to be tracking vaccinated people to look for “breakthrough cases” — those people who get sick with Covid-19 despite vaccination. That is a sign of weakening protection and will give researchers clues about how long the vaccine lasts. They will also be monitoring levels of antibodies and T cells in the blood of vaccinated people to determine whether and when a booster shot might be needed. It’s conceivable that people may need boosters every few months, once a year or only every few years. It’s just a matter of waiting for the data.

Will my employer require vaccinations?Where can I find out more?

Dr. Stoffels said the company was still waiting for more data on whether the vaccine can protect against asymptomatic infection.

The company is preparing a lengthy briefing document it will submit to the F.D.A. in its application for authorization. The agency’s scientists will review the raw data from the trial and present their own analysis.

Unlike the messenger RNA vaccines made by Pfizer-BioNTech and Moderna, Johnson & Johnson uses an adenovirus, which normally causes the common cold. While adenovirus-based vaccines have been investigated for some three decades, they have yet to be licensed for use in the United States.

Johnson & Johnson’s Ebola vaccine became the first approved adenovirus-based vaccine for any disease when European regulators gave it the green light last July. Astra-Zeneca and the University of Oxford used a different adenovirus for their coronavirus vaccine, which is now authorized in Britain and other countries. Russian scientists created their Sputnik V vaccine from adenoviruses as well.

Johnson & Johnson received $456 million from Operation Warp Speed to support its research. In July, the government agreed to purchase 100 million doses for $1 billion if it proved safe and effective.

That same month, the company moved into clinical trials, which found that a single shot produced a strong immune response, consistent with experiments done on monkeys. Johnson & Johnson began the final “Phase 3” trial in September, again using a single dose. It recruited volunteers in the United States, South Africa and Latin America.

Half of the volunteers received the vaccine, and half received a placebo. The company then had to wait. Only when enough people in the trial got Covid-19 would an independent board of advisers look at the results to see how many sick volunteers were vaccinated — a process known as unblinding.

Late last year, surges of coronavirus infections accelerated the trial toward unblinding. In December, Johnson & Johnson decided it would not need to recruit 60,000 volunteers as it originally planned. It capped the trial at 45,000.

Like other vaccine developers, Johnson & Johnson was required by the F.D.A. to also record information about adverse events experienced by the volunteers for the first few months after vaccination.

Dr. Barouch, who led the team that designed the vaccine and tested it on animals last year, had to wait for months for the unblinding. “I’m thinking a lot about it,” he said in a Jan. 11 interview. “But, no, I don’t have champagne ready to go.”

After he learned the results, Dr. Barouch said he was delighted. “I think this vaccine will have a public health benefit throughout the world,” he said.

Johnson & Johnson is also moving forward with other trials of the vaccine to see how it can be improved. In December it began a trial with two doses. Dr. Fauci was optimistic that people who get a so-called prime boost may enjoy even more protection.

“If they get a prime boost, it’s entirely conceivable that they can get up to 90-plus percent,” he said.

In addition, Dr. Stoffels said that Johnson & Johnson was tailoring a version of its vaccine with a protein patterned after the B.1.351 variant. It could potentially deploy it in countries where that version of the virus was a threat.

“Pretty much all vaccine developers now are having that conversation,” said Dr. Peter J. Hotez, a vaccine expert with the Baylor School of Medicine and the creator of a different coronavirus vaccine.

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Business

What professional merchants, the Reddit crowd and regulators could do subsequent

The WallStreetBets Reddit forum on a smartphone in Sydney, Australia on Thursday, January 28, 2021.

Brent Lewin | Bloomberg | Getty Images

What’s next for the Reddit crowd? Wall Street seems unsafe.

The “blow-out-the-short-seller game” is showing signs of exhaustion, but the effects are only just beginning to be felt.

What traders can’t agree on is what will happen next. There are four areas of discussion: How will traders / hedge funds react? How will trading platforms react? How will regulators react? And what’s the next step for the kill the hedge fund traders?

How will Wall Street react?

A big hedge fund losing money is getting Wall Street’s attention. Wall Street doesn’t want to put itself under pressure again in this short squeeze game. Many short sellers like Melvin Capital have already ended their short sales.

Another reaction from traders could be to increase option prices, especially on call options with no money.

But many are still trying to take advantage of the game. “Anyone who knows anything about options is trying to figure out how to sell GME options,” said Larry McMillan, options advisor at McMillan Advisory.

Why? “There haven’t been too many short bruises like this one in recent history,” he said. “As long as people think basics are important, they’re going to be selling short things like GameStop.”

He noted that with GameStop stock trading at $ 260 after close of trading on Thursday night, the $ 260 call expiring on February 19 will sell for $ 107, meaning it would have to be above $ 367 to cash to earn. The put at the same strike price sells for $ 150 so it would have to drop below $ 110 to make money.

“The question is, how do you do that without leading the way to ruin?” he said. “It’s very risky, but definitely possible.”

How will trading platforms react?

Online brokers like Interactive Brokers and Robinhood have slowed down single stock and option trading for many of the heavily shortened names. TD Ameritrade increases margin requirements and prevents short circuits on these names. Robinhood said the decision to restrict trading was a risk management decision to “meet financial requirements, including the SEC’s net capital commitments and clearinghouse deposits.”

While Robinhood has received significant criticism from many traders for its actions, Charles Dolan of the Global Markets Advisory Group said the online brokers are at significant reputational risk.

“When I’m the CCO [chief compliance officer]I will be very conservative and overreact rather than underreact because it is easier to hold off a disgruntled customer than fend off a disgruntled regulator, “said Dolan, whose company provides strategic advice on market structure and regulatory compliance.

Robinhood and Interactive Brokers resumed restricted trading in previously restricted securities on Friday.

How will regulators and Congress react?

You know that when ultra-liberal MP Alexandria Ocasio-Cortez and arch-conservative Senator Ted Cruz agree that there should be hearings about Robinhood’s decision to ban retail investors from trading, it is an odd situation.

Rep. Maxine Waters, D-Calif., Chair of the House Financial Services Committee, and Sen. Sherrod Brown, D-Ohio, new Chair of the Senate Banking Committee, announced that they intend to hold hearings.

UBS’s Art Cashin suggested that this could be a rich source of investigation: “The chatbook revolt against the hedge funds may not be filled with little people, but some bigshots anonymously posing as the little people. Only one investigation will to do.” say.”

For regulators like the SEC, FINRA, and the CFTC, this is a far more sensitive issue that cannot easily fall back on political grandeur.

“Regulators need to figure out how to remove the incentive.” said Amy Lynch, a former SEC compliance officer who now runs Frontline Compliance.

“Exchanges could get into options trading and restrict it by setting position limits or other restrictions, but they would need to investigate which market rules need to be changed,” she added. She noted that restrictions and even outright bans on short selling are not uncommon: Europe introduced a ban on short selling at the start of the pandemic.

Dolan stressed that a strong regulatory response is urgently needed: “Otherwise the idea of ​​a fair and orderly market is in trouble. If value is separated from price, what do you have left? The idea that people can stay insane longer than. ” Other people can stay liquid. This is a problem for the idea that a market is there to get accurate pricing information. “

What do you have left when value is separated from price? The idea that people can stay insane longer than other people can be a problem for the idea that a market is there to get accurate pricing information.

Charles Dolan

Global Markets Advisory Group

An obvious source for the review is whether to tighten the rules on borrowing stocks. “Does it make sense for someone to sell a stock with more shares than it has listed?” said Lou Pastina of the Global Markets Advisory Group. The SEC could also curb naked short selling, the illegal practice of selling short without first borrowing the security.

What’s this?

Is that a movement? If so, what is the goal? If the goal is to tie it to hedge funds, the idea of ​​targeting short sellers should not be kept faithful. It’s just a means to an end. This will eventually stop working and it will be necessary to move on.

But next to what? Some believe there will be attempts to address other vulnerabilities, others believe that the community will transform into something else.

Stephen Mathai-Davis, who runs the all-AI trading platform Q.ai, has interviewed thousands of online investors from various Facebook, Instagram, and Redditt communities, including WallStreetBets.

While he denies the idea that it is a real “movement,” he says there are many common characteristics.

“They are definitely countercultural,” he said. “There is a movement in the decentralized online communities where people learn from each other. There is a distrust of Wall Street. They are well aware that Wall Street thinks they are ‘stupid money’. In the community nobody talks about mutual funds, they talk about individual stocks and ETFs. Some are very involved in options trading. “

When interviewing this community, Mathai-Davis asked how much they trade, how they research, and what they need help with.

“We found that they need help with three things. First, they don’t know how to trade in a dynamic trading environment. Second, they don’t know how to reduce their losses. Third, they don’t know how to weight portfolios. “

Mathai-Davis is trying to get the “community” to move away from trading stocks and start trading investment themes. “We believe in investing and not speculating in individual stocks. If you don’t have time to research, we can provide this,” he admits that retail investors continue to focus on individual stocks.

Ultimately, he believes the community is changing: “Instead of using an old-fashioned mutual fund, everyone will end up having a separately managed account that is a bespoke solution. I think that’s where the ‘movement’ is going.”

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