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Business

CVS Well being (CVS) earnings This autumn 2020

People walk past a CVS drug store in Manhattan, New York.

Shannon Stapleton | Reuters

CVS Health’s fourth quarter earnings exceeded Wall Street’s expectations as pharmacy sales increased from the provision of Covid-19 tests and vaccines.

The company’s shares rose slightly in premarket trading.

The company reported for the fourth fiscal quarter ended December 31, versus analyst expectations, based on an analyst survey conducted by Refinitiv:

  • Earnings per share: $ 1.30, adjusted versus expected $ 1.24
  • Revenue: $ 69.55 billion versus $ 68.75 billion expected

The drugstore chain posted net income of $ 975 million, or 75 cents per share, for the fourth quarter, compared with $ 1.74 billion or $ 1.33 per share a year earlier.

Excluding items, the company earned $ 1.30 per share, beating the analysts polled by Refinitiv, which was forecasting $ 1.24 per share.

Revenue rose from $ 66.89 billion a year ago to $ 69.55 billion. According to Refinitiv, this is above analysts’ expectations of $ 68.75 billion.

CVS offers Covid-19 tests in many of its branches. The company said it ran around 15 million tests across the country. More than 3 million Covid vaccines have also been administered in over 40,000 long-term care facilities. The drugstore chain and its competitor Walgreens signed a contract with the federal government in October to give employees and residents of nursing homes and assisted living facilities the opportunity. In December, vaccinations began in the facilities.

CVS is now assuming an expanded role in providing Covid vaccines in its branches. Last week, the federal government shipped cans direct to pharmacy retail stores – including CVS stores in 11 states.

At the close of trading on Friday, CVS shares were up less than 1% over the past year. The company’s stock, valued at $ 97.13 billion, hit a 52-week high of $ 77.23 in mid-January. It closed at $ 74.21 on Friday.

This story evolves and is updated.

Categories
Politics

Richard Burr’s Vote to Convict Renews Speak of a Lara Trump Run in North Carolina

Senator Richard M. Burr’s decision to vote for the condemnation of former President Donald J. Trump on Saturday fueled speculation that Lara Trump, the daughter-in-law of Mr. Trump, will seek the seat of the North Carolina Senate Mr Burr will vacate in 2022.

South Carolina Senator Lindsey Graham, a former Trump critic turned strong defender, predicted Sunday that Mr. Burr’s somewhat surprising dissent would spark a right-wing riot that would lead to the election of more pro-Trump candidates.

“My friend Richard Burr made Lara Trump almost a sure-fire candidate for the Senate seat in North Carolina to replace if she runs,” he said in an interview with Fox News.

Ms. Trump, 38, a former personal trainer and television producer who grew up on the coast in Wilmington, has been hovering as a potential Burr successor for months.

She did not immediately respond to a request for comment. A senior Republican official, aware of her plans, said the January 6 riot pissed her off at running, but Ms. Trump would decide over the next few months whether to run as part of a coordinated Trump family comeback.

Another Republican, former Representative Mark Walker, an ally of Trump, has already announced his candidacy, and Pat McCrory, a former Republican governor, is also a possible candidate. Mark Meadows, the former North Carolina representative and former Trump chief of staff, is also said to be there.

“We’re going to take a closer look at each candidate in comparison to some sort of coronation,” said Mark Brody, a member of the Republican National Committee from Union County outside Charlotte.

Doug Heye, a former RNC spokesman who previously worked for Mr. Burr, asked if Ms. Trump was ready to endure the hassle and boredom of running or serving. “A lot of people love speculation and attention, but being a senator is a lot of hard work,” he said.

Then there is the question of residence. Ms. Trump currently lives in the northern suburbs of New York City with her husband Eric and their children and would have to move back.

If she runs, the Trump family could be a liability on a battlefield that the former president only gained 1.3 percentage points in 2020 – or it could bring no benefit at all in 2022, depending on the political environment.

“There’s a myth that Trump voters will come out for Trump candidates or family members,” said John Anzalone, a Democratic pollster who has campaigned in the South. “Cult members only appear in full power for the cult leader.”

And Ms. Trump’s candidacy could help increase Democratic turnout, especially among the state’s large black population, and counter the typical decline in most mid-term elections.

But Ms. Trump’s boosters, led by Mr. Graham, hope that she can use the backlash in the party’s grassroots base to catapult her to the top of the field.

After Mr Burr’s vote, the North Carolina Republican Party reprimanded Mr Burr, calling his vote “shocking and disappointing”.

Representative Patrick T. McHenry, a Republican minority leader in the House, downplayed the importance of Mr Burr’s vote.

But he said Ms. Trump would be “the favorite” when she runs, adding, “Nobody comes closer.”

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World News

European Courtroom Backs Germany in Case Over 2009 Killings of Afghan Civilians

BERLIN – The European Court of Human Rights ruled in favor of Germany on Tuesday in a dispute with Afghan civilians who questioned the country’s investigation into an attack on oil tankers in Afghanistan in 2009 that killed up to 90 civilians.

In its ruling, the Strasbourg, France-based court found that the German investigation into the bombing did not violate the European Convention on Human Rights.

On the night of the attack, Taliban fighters hijacked two tankers carrying NATO fuel, but they were stranded on a sandbar in the Kunduz River, about four miles from the NATO base in Kunduz, Afghanistan.

Colonel Georg Klein, who was serving as the commander of the NATO base in Kunduz at the time, called US military planes to bomb the tankers. He believed that there were only insurgents in the area and feared the Taliban might use them to carry out attacks. But dozens of local Afghans had flooded the tanks after the Taliban invited them to suck up fuel. An investigation by the German army later found that up to 90 civilians had been killed.

Abdul Hanan, who lost his sons Abdul Bayan (12) and Nesarullah (8) as part of the NATO air strike ordered by Colonel Klein on September 3, 2009, brought the case to the European court after several complaints in the German judicial system.

The court found that the Federal Prosecutor’s Office decision to close an investigation into the commanding general was justified “because at the time the airstrike was ordered he was convinced that no civilians were present at the scene of the attack”.

The German Bundestag carried out a public investigation into the bombing, which was also contested in several German courts. Mr. Hanan had argued that Germany was protecting Colonel Klein and others whom he claimed were responsible for covering up the air strike.

Categories
Health

My Sufferers Want Me. Can I Give up?

I live in a city that offers Covid vaccines to volunteers who have worked at a vaccination site for 15 hours. Unsurprisingly, the demand for volunteer slots far exceeds supply. I got my first shot last week. I have more volunteer shifts planned for the next few weeks. Should I give these shifts to others so they can be vaccinated? Does the answer change when I’m sure my shifts are going to friends I know are also hardworking volunteers? I feel obliged to continue to volunteer because a) I don’t want to go away now that I have the vaccine; and b) even after just one shot, it is probably safer for me to interact with patients (who are old or otherwise at risk) than with someone who has not been vaccinated at all. However, I also feel obliged to have someone vaccinated. Elaine, Dallas

Your vaccination was done early not to get you to volunteer but to make your shifts safer for you and those you serve. Stopping undermines this purpose. You’re considering quitting so someone else can be vaccinated. But someone will get that dose, whatever you do. You asked yourself the question about the “duty to have someone vaccinated”. For example, suppose you asked if it was okay to play the system to favor one or two of your friends. I’m sure this prospect doesn’t suit you well.

Having special weight on you and your friends doesn’t mean you can ignore the moral demands of others.

According to the logic of this “duty” that you claim, each of your hardworking friends should spend as little time as possible on site to get vaccinated and then pass the opportunity on to someone else. Indeed, your job is to do your job and acknowledge that the vaccination program does not exist for the benefit of those who work there. Volunteering was a gift; However, if you see work as a means of vaccinating friends who otherwise don’t qualify, you run the risk of becoming the handle. They would only distract vaccine doses from people who have been declared eligible by a vaccine distribution system designed to achieve a variety of goals. Allowing people who work at a vaccination site to have special treatment for their friends is not one of those goals.

In my state, and possibly elsewhere, food bank volunteers are given priority access to coronavirus vaccines. Is it ethically correct to volunteer at a food bank to get vaccinated earlier? Name withheld, Somerville, Mass.

The best kind of people doing what is right for the best of reasons. The moral saint would selflessly volunteer to the food bank as a way of serving the disadvantaged in her community. You admit that you are not the perfect person. But volunteering for the food bank, even if for less than admirable reasons, is still a good thing. Once again, vaccination is no reward for this good deed; There is a need to reduce the chances of people (including you) getting infected in the food bank. However, it can also be an incentive to sign up, as people in your community obviously know, and in those circumstances, it is not very likely that you will receive a lot of undeserved praise for showing up. Then, if you thought up the job of carousel among your otherwise vaccine-free friends, you would be abusing the agreement. If your motives are selfish, make sure your actions are overboard.

Kwame Anthony Appiah teaches philosophy at NYU. His books include Cosmopolitanism, The Honor Code, and The Lies That Bind: Rethinking Identity. To submit a request: send an email to ethicist@nytimes.com; or email The Ethicist, New York Times Magazine, 620 Eighth Avenue, New York, NY 10018. (Provide a phone number for the day.)

Categories
Business

The Auto Business Bets Its Future on Batteries

“Today’s batteries are not competitive,” said Jagdeep Singh, general manager of QuantumScape, based in San Jose, California. “Batteries have enormous potential and are vital to a renewable energy economy, but they need to get better.”

For the most part, all of the money that goes into battery technology is good news. Capitalism is working to solve a global problem. However, this reorganization of the auto industry will also claim some victims, such as the companies that build parts for cars and trucks with internal combustion engines, or the automakers and investors who rely on the wrong technology.

“Battery innovations are not overnight,” said Venkat Srinivasan, director of the Argonne National Laboratory’s Collaborative Center for Energy Storage Science. “It can take many years. All kinds of things can happen. “

Most experts are certain that the demand for batteries will boost China, which refines most of the metals used in batteries and produces more than 70 percent of all battery cells. According to predictions by Roland Berger, a German management consultancy, China’s influence on battery production will diminish only slightly over the next decade despite ambitious plans to expand production in Europe and the US.

Battery production has “profound geopolitical implications,” said Tom Einar Jensen, managing director of Freyr, which is building a battery factory in northern Norway to harness the region’s abundant wind and hydropower plants. “The European auto industry does not want to rely too much on imports from Asia in general and China in particular,” he added.

Freyr plans to raise $ 850 million as part of a proposed merger with Alussa Energy Acquisition Corporation, a Shell company that sold shares before it had assets. The deal, announced in January, would bring Freyr to the New York Stock Exchange. The company plans to manufacture batteries using technology developed by 24M Technologies of Cambridge, Massachusetts.

The first priority for the industry is to make batteries cheaper. Electric car batteries for a midsize vehicle cost about $ 15,000, or about twice the price that electric cars need for mass adoption, Srinivasan said.

Categories
Business

Huge Tech’s Subsequent Huge Drawback Might Come From Folks Like ‘Mr. Sweepy’

Private lawsuits follow state ones for one simple reason: regulators have a distinct advantage when it comes to obtaining evidence. Federal and state investigators can collect internal documents and interview executives before filing a lawsuit. As a result, their complaints are filled with inside knowledge of the companies. Individuals cannot seek this type of evidence until they have filed lawsuits.

If the government cases against Google or Facebook are successful in the process, the win will likely strengthen the case for private lawsuits, experts said. Lawyers could point these victories as evidence the company broke the law and quickly move on to their main goal: obtaining monetary damages.

The people bringing the cases against the tech giants include publishers, advertisers and users.

Sweepstakes Today, the website operated by Mr. McDaniel brings together prize competitions from across the country. The proceeds will come from advertising that is partially being sold by Google, according to Mr McDaniel’s lawsuit seeking class action status.

The website had annual sales of around $ 150,000 for years and made a profit, according to the complaint. But revenue has been down since 2012, a drop due to Google’s dominance in online advertising.

Mr. McDaniel, who describes some of his public messages as “Mr. Sweepy, ”he said on a GoFundMe page he set up to cover the cost of running the site, that his income“ fell like a rock ”and that he could go out of business. He said Google also hurt his revenue by listing his website as an online gambling venue, which resulted in lower quality ads.

“With Google literally taking over the Internet, it is nearly impossible for companies to do business in this space without using a Google service, which makes them subject to Google’s arbitrary rules and guidelines,” said John Herman, attorney at Mr. McDaniel, in a statement.

Other publishers that have recently filed antitrust complaints against Google include the Lyrics website Genius, which sued Google in 2019, citing the use of Genius Lyrics data in search results to dismiss the case, and the progressive magazine The Nation. Both are among the plaintiffs in a lawsuit filed by Boies Schiller Flexner law firm seeking class action status. Another well-known law firm, Berger Montague, has also filed a complaint against Google on behalf of the publishers.

Categories
Health

Biden administration to construct two mass websites in New York, Cuomo says

A health care worker will administer the Pfizer BioNTech Covid-19 vaccine to a vaccination site in a church in the Bronx, New York on Friday, February 5, 2021.

Angus Mordant | Bloomberg | Getty Images

The Biden government will work with New York to build and occupy two mass vaccination sites for Covid-19 in the New York City area that aim to hit the minority communities hardest hit by the pandemic.

The locations, which will open the week of February 24th, will be at York College in Queens New York and Medgar Evers College in Brooklyn, Governor Andrew Cuomo said at a news conference on Wednesday. Each location can administer 3,000 shots a day, making it the largest vaccination center in the state to date.

The federal government will be tasked with supplying cans directly to the centers, and the sites will be manned by members of the New York State National Guard and Army personnel, Cuomo said. More websites are being added in New York state to help target what the governor calls “socially vulnerable” communities.

“These will be very large sites. They will be complicated surgeries, but they will meet a dramatic need to get the vaccine to the people who need it most,” Cuomo said.

A mass vaccination site for Queens residents and other key workers opened in Citi Field earlier Wednesday. The site’s debut, delayed due to lack of doses, comes just days after another mass site opened for residents at Yankee Stadium in the Bronx.

New York City Mayor Bill De Blassio speaks to media representatives as an attempt is made to obtain a Covid-19 vaccine at the Citi Field Vaccination site in Queens, New York on February 10, 2021.

I have Betancur | AFP | Getty Images

New York isn’t the only state where the federal government will open mass vaccination centers.

President Joe Biden’s Covid-19 Response Team announced shortly before Cuomo’s briefing that they would be working in a similar manner with representatives from Texas to build three new community vaccination centers in Dallas, Arlington and Houston. Jeff Zients, Bidens Covid-Tsar, said these three centers will enable healthcare providers to administer more than 10,000 shots a day.

Beginning next week, the Biden government will be sending cans direct to community health centers to expand reach to traditionally underserved communities.

These doses will be used in addition to the vials sent directly to the states and pharmacy chains that will be accepting vaccine doses from the federal government starting Thursday.

While supplies are still limited, vaccinations at community health centers will help improve access to life-saving interventions for the homeless, migrant agricultural workers, social housing residents and those with limited English proficiency, said Dr. Marcella Nunez-Smith, Chair of the White House Covid-19 Health Equity Task Force.

Categories
Politics

Biden spokesman TJ Ducklo suspended for reportedly threatening reporter

White House Assistant Secretary TJ Ducklo listens as Press Secretary Jen Psaki speaks during a press conference at the White House on Tuesday, February 9, 2021 in Washington.

Patrick Semansky | AP

President Joe Biden’s deputy press secretary at the White House was suspended for a week without pay after reportedly threatening a reporter.

TJ Ducklo, who was also Biden’s main campaign spokesperson, was put on leave for seven days after a Vanity Fair story that described a controversial conversation with a Politico reporter. During that conversation, Ducklo allegedly said, “I will destroy you.”

Ducklo reportedly made derogatory and misogynistic comments to the reporter, who is a woman.

According to the Vanity Fair story, White House officials were aware of Ducklo’s conversation with the reporter in January. The suspension comes hours after the Vanity Fair story is posted on Friday.

The reporter Ducklo allegedly threatened was investigating Ducklo’s relationship with an Axios reporter who had covered Biden.

Jen Psaki, the White House press secretary, said in a series of tweets on Friday that Ducklo has been suspended and will no longer be able to speak to reporters at Politico.

Ducklo’s suspension comes weeks after Biden himself told a group of administrative officials that he would fire anyone who treated another colleague with disrespect.

“I’m not kidding when I say this, if you ever work with me and I hear that you are treating another colleague with disrespect, speak to someone and I’ll fire you immediately. No ifs or buts,” Biden said last month .

Ducklo, who didn’t respond to CNBC’s request for comment, was previously an NBC employee.

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Business

Can a Nice Whiskey Age In a single day?

There’s an old business joke that’s said a lot in the Napa Valley: How do you make a small fortune out of wine? Start with a large fortune.

The same applies to the production of whiskey. Equipment, barrels, and enough space to store them all can cost millions, money that you won’t get back until years later when the mind has matured. Meanwhile, as you age, you’ve lost 20 percent or more of your product to evaporation – what distillers wistfully refer to as “angel’s share”.

In other words, whiskey is ready to be chopped – at least according to Stuart Aaron and Martin Janousek. Bespoken Spirits of Menlo Park, Calif., Says they can make whiskey in just a few days by using heat and pressure to force alcohol in and out of small pieces of wood that give the spirit its distinctive taste and color.

“With modern materials science and data analysis, we can transform this legacy industry,” said Aaron.

Bespoken, whose first bottles hit stores last fall, joins a crowded field. Almost a dozen companies say they can accelerate or even avoid the aging process. Many have drawn huge investor attention: Endless West in San Francisco has raised nearly $ 13 million in funding since its inception in 2015, while Bespoken’s supporters include retired New York Yankees shortstop Derek Jeter.

Some of these whiskeys are better than others. While some have won awards in liquor competitions, critics have largely dismissed them so far. But with whiskey sales climbing double-digit percentages each year and consumers – and investors – asking for more than distilleries can offer, companies like Bespoken may be here to stay.

The question is, where does overnight whiskey fit in a business built on tradition and prestige?

Almost as long as distilleries have been maturing spirits in barrels, people have been trying to speed up the process. Traditionally, aging means that the rise and fall of seasonal temperatures pushes whiskey into the wood of a barrel and then lets it out again, leaching out taste and color along the way. This process can take a few years to several decades.

Before the Pure Food and Drug Act of 1906 enacted whiskey production regulations, “speeding up” often meant adding clear alcohol with caramel and soot, or worse, to make it taste old. But other techniques, developed in the late 19th century – such as heated warehouses that could recreate an entire quartet of seasons several times a year – were accepted and common even among established distilleries.

Over the past decade, some distilleries have used kegs that are much smaller than the standard 53 gallon size, which increases the surface area to volume ratio inside and thus the speed at which whiskey drains in and out of the wood .

Bespoken technology is, in a sense, the next step in this evolution. Instead of a full barrel, the company uses thousands of half-size pieces of wood, called “microstaves,” which it puts in a steel tank along with unaged or partially aged whiskey. By rapidly increasing and decreasing the pressure and heat inside the device, Mr. Aaron and Mr. Janousek calls the “activator” and pushes the whiskey in and out of the forest several times a day.

The process offers another advantage over and above speed. While a barrel is usually made entirely from the same type of wood, there are hundreds of types of micro staves, which vary depending on the type of tree and treatment, allowing Bespoken to create a nearly unlimited range of styles and flavors: the company claims to have 17 Billions of possible combinations to work with.

“Traditional distilleries are great at making one over and over again,” said Aaron. “We have already produced thousands.”

Another distillery, Los Angeles-based Lost Spirits, takes a similar approach and loads whiskey and wood into the reactor that its founder calls Bryan Davis. A key difference is the light: in addition to the fluctuations in heat, he bombarded the wood with intense light, which, in his opinion, revitalizes the molecular structure of the wood and helps create the complex aromas associated with mature spirits.

For Mr Davis, who used to make mostly whiskey before focusing on aged rum, the urge to manipulate aging is less about getting a product to market as quickly as possible than about being in control to take over a process that, in his opinion, also runs a lot to chance and nature.

“It’s about being able to move the needle so we can manipulate these flavor components,” he said. “I wanted to take control to create something interesting, like an artist’s medium.”

Other companies like Cleveland Whiskey and Green River Spirits use variations on the technologies used by Bespoken and Lost Spirits. Endless West does something completely different. By analyzing the molecular constituents of a whiskey, getting them from natural sources like plants and yeasts, and essentially infusing them into an alcohol base, the company claims it can reverse engineer not just bourbon or scotch, but any beverage, even wine.

The company says it could make the equivalent of a spirit that is five years old or more old overnight, opening up the possibility of recreating a 30-year-old Balvenie single malt scotch, for example, at a fraction of the retail price of $ 1,300. Bottles of its flagship whiskey Glyph cost around $ 40, while Bespoken’s bourbon costs around $ 35. Lost Spirits rum, only available at the distillery or online, costs around $ 40.

“I compare a lot of our work to digitizing music,” said Alec Lee, co-founder of Endless West, echoing the belief that these companies have adopted. “The digitization of music has greatly expanded the availability of great art to people. We want to see a world in which quality and availability are not in conflict. “

All three companies make competent, pleasant spirits, although each has its shortcomings.

Bespokens whiskey lacks the roundness of a conventionally matured spirit; There is a first hit from vanilla, caramel and wood spices, but no successor. The same applies to the rum from Lost Spirits, although it is much rougher and tumbling: Bottled at 61 percent alcohol, it is full of dark fruits and leather, a sinewy animal of a drink that still needs depth.

Endless West’s “molecular” whiskey is different. It’s pleasant enough to drink and goes well with a cocktail. But just like an Android They may have features that resemble ears, eyes, hands, and hair, although obviously they are not yet human. They contain many of the flavor components of a whiskey without actually tasting like whiskey.

Liquor experts tend to agree that whiskeys like this still have a long way to go before they can compete with traditional labels.

“From my analysis, someone can make a good product, but I don’t have the same complexity as an old bourbon, for example,” said Nancy Fraley, an experienced freelance blender who consults with dozen of liquor companies in the United States and Europe.

It may be that the technology like computer chess programs is both impressive and still in its infancy in the 1970s, and that it is only a matter of time before a whiskey from Endless West knocks out a bottle of Macallan in a taste test, just like that Deep Blue Computer defeated Garry Kasparov in chess in 1997.

But it may also be that it’s not about defeating the Macallan or its equivalent.

The upper end of the liquor market is huge and growing, but in terms of sheer volume, the real money still lies in lower shelf liquors, as well as flavored whiskeys and ready-to-drink canned cocktails – the kind of products where the nuances of a ghost don’t matter .

With that in mind, a whiskey like Bespoken doesn’t have to taste like the best bourbon to be successful. It just has to be better than the worst, at a competitive price.

And then there is the international market. As fast as US liquor sales are rising – according to Nielsen, they were 25.1 percent higher in 2020 than last year – they are nothing compared to the potential that some US and European companies see as trade barriers in countries like China and India often everything that stands between them and billions of consumers who are not familiar with American spirits but are dying to try them. If India dropped its barriers tomorrow, a company like Bespoken or Endless West that doesn’t have to age its products could serve consumers much faster than a traditional distillery.

This may be why several large distillation companies have also quietly dabbled in quick-aged whiskey. Edrington, the British company behind Scottish luxury brands like Macallan and Highland Park, owns Relativity, an American whiskey made using a process similar to Bespoken.

Mr. Aaron and Mr. Janousek from Bespoken also see an opportunity for tailor-made products – for example a company that wants to give its employees a unique gift. That possibility is one reason Mr. Jeter cited for his investment: Bespoken could be a boon to athletes and celebrities like him who want their own brand of liquor but don’t want the hassle of paying upfront for something that may not be ready is years. (Mr. Jeter declined to be interviewed for this article.)

It is also possible that as these companies develop their products, they taste less like a science fiction version of traditional whiskey than they do something completely different.

Lost Spirits’ Mr Davis said he had repeatedly turned down offers from investors because he was more interested in creating new and surprising flavors than in finding a way to beat established distilleries at their own game.

A decade ago, no one could have imagined how big the whiskey industry would get, and companies like Bespoken and Endless West seem more interested in occupying future markets than arguing over existing ones.

For a traditional whiskey mixer like Ms. Fraley, that’s more than okay.

“From what I’ve seen and tasted, I don’t see it mimicking a 20-year-old whiskey,” she said. “Does that mean it’s bad? Does it have a place in the market? Yes. Just as long as we’re clear it’s not the same. “

Categories
Entertainment

‘Tom Stoppard’ Tells of an Monumental Life Spent in Fixed Movement

The way the cricket bat taps a ball and makes it sail an unlikely distance becomes a metaphor for writing in Stoppard’s hands. No living playwright has produced such a beautiful sound so regularly (snaps his tongue to make the noise).

[ Read Charles McGrath’s profile of Hermione Lee. ]

The adjective “Stoppardian” – to use elegant wit while addressing philosophical concerns – was added to the Oxford English Dictionary in 1978. His pieces are trees in which he precariously climbs on every limb. These trees sway. There is electricity in the air, like before a summer thunderstorm.

Stoppard’s best-known pieces are “Rosencrantz and Guildenstern are dead”, “The Real Thing”, “Arcadia” and “The Coast of Utopia”. (His most recent work, “Leopoldstadt”, is closed for the time being due to Covid-19.) He co-wrote the script for “Shakespeare in Love” and has written or edited dozens of other scripts. He has written a novel and written a number of screenplays for radio and television.

At 83, he had an enormous life. In the astute and authoritative new biography “Tom Stoppard: A Life”, Hermione Lee wrestles everything aside. Sometimes you can feel that she is chasing a fox through a forest. Stoppard is constantly on the move – he flies back and forth across the Atlantic, takes care of the many revivals of his pieces, keeps the plates moving, agitates on behalf of dissidents, artists and political prisoners in Eastern Europe, gives lectures, accepts prizes, repairs scripts, lavish parties, friendships with Pinter, Vaclav Havel, Steven Spielberg, Mick Jagger and others. It was an enchanted life lived by a bewitching man. Tall, dashing, with big eyes, shaggy hair; for women, Stoppard was a walking stimulus package.