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Business

Fb Ends Ban on Political Promoting

SAN FRANCISCO – Facebook announced on Wednesday that it intends to lift the ban on political advertising on its network and to resume a form of digital advertising that has been criticized for spreading misinformation and falsehoods and inflaming voters.

The social network said it would allow advertisers to purchase new ads on “social issues, elections or politics” starting Thursday. This is evident from a copy of an email sent to political advertisers and viewed by the New York Times. These advertisers are required to perform a series of identity checks before they are allowed to serve the ads, according to the company.

“We introduced this temporary ban after the November 2020 elections to avoid confusion or abuse after election day,” Facebook said in a blog post. “We have had a lot of feedback on this and learned more about political ads and campaigns during this election cycle. For this reason, we plan to use the coming months to take a closer look at how these ads work in our service and to determine where further changes are appropriate. “

Political advertising on Facebook has long been faced with questions. Mark Zuckerberg, the executive director of Facebook, said he wanted to maintain a largely straightforward attitude towards the speech on the site – including political advertisements – unless it would pose direct harm to the public or individuals, saying that he ” does not want “the arbiter of truth. “

However, after the 2016 presidential election, the company and intelligence officials discovered that Russians had used Facebook ads to sow dissatisfaction among Americans. Former President Donald J. Trump also used Facebook’s political ads to reinforce claims of an “invasion” of the Mexican border in 2019, among other things.

Facebook banned political ads late last year to stave off misinformation and threats of violence related to the November presidential election. In September, the company announced that it would ban new political ads for the week leading up to election day and act swiftly against posts that were intended to prevent people from voting. In October, Facebook expanded this action by stating that it would ban all political and thematic advertising after polls were closed for an indefinite period on November 3rd.

The company eventually limited itself to groups and sites that were spreading certain types of misinformation, such as: B. Prevent people from voting or registering to vote. It has spent billions of dollars eradicating foreign influence campaigns and other forms of interference from malicious government agencies and other bad actors.

In December, Facebook lifted the ban to allow some advertisers in Georgia to post political-themed and candidacy ads for the state’s January Senate election. Otherwise, the ban remained in force for the remaining 49 states.

Attitudes towards how political advertising should be treated on Facebook are decidedly mixed. Politicians, who are often not well known, can use Facebook to raise their profile and awareness of their campaigns.

“Political ads aren’t bad things in and of themselves,” said Siva Vaidhyanathan, professor of media studies and author of a book on Facebook’s impact on democracy. “They do an essential service by directly representing the concerns or positions of the candidate.”

He added, “When you ban all campaign ads on the most accessible, affordable platform out there, you tend the balance to the candidates who can afford radio and television.”

Alexandria Ocasio-Cortez, Democrat of New York, also said political advertising on Facebook can be a crucial component of democratic digital campaigning strategies.

Some political ad buyers welcomed the lifting of the ad ban.

“The advertising ban was something that Facebook did to appease the public for the misinformation being spread on the platform,” said Eileen Pollet, digital campaign strategist and founder of Ravenna Strategies. “But it hurt really good actors, while bad actors had a completely free hand. And now, especially since the elections were over, the ban has really hurt nonprofits and local organizations. “

Facebook has long tried to pull the needle between a forceful moderation of its guidelines and a lighter touch. For years, Mr Zuckerberg defended politicians’ right to say what they wanted on Facebook, but that changed last year amid mounting concerns about possible violence related to the November elections.

In January, Facebook banned Mr. Trump from using his account and posting it on the platform after delegitimizing election results on social media and sparking a violent uprising among his supporters who stormed the U.S. Capitol.

Facebook said Mr. Trump’s suspension was “indefinite”. The decision is currently under scrutiny by the Facebook Oversight Board, a third-party company founded by the company made up of journalists, academics, and others that will rule on some of the company’s delicate decisions regarding content policy enforcement. A decision is expected to be made in the next few months.

On Thursday, political advertisers on Facebook can submit new ads or activate existing political ads that have already been approved. Each ad comes with a small disclaimer stating that it was “paid for” by a political organization. For those buying new ads, it could take up to a week to complete the process of authorizing identity and verifying the ad, according to Facebook.

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Business

Biden slams governors for lifting masks mandates, calls it ‘Neanderthal pondering’

United States President Joe Biden speaks during a non-partisan meeting on cancer legislation in the Oval Office at the White House in Washington March 3, 2021.

Alex Brandon | Pool | Reuters

President Joe Biden on Wednesday beat up states that lifted Covid-19 restrictions on businesses and lifted mask mandates for local residents, calling the moves a “big mistake”.

Texas governor Greg Abbott and Mississippi governor Tate Reeves, both Republicans, announced Tuesday that they would allow companies to reopen at 100% capacity and remove mask mandates. Biden’s remarks were in response to questions raised by the press specifically about the two states.

“Look, I hope by now everyone has realized that these masks make a difference,” Biden told reporters at the White House. “We are on the verge of fundamentally changing the nature of this disease because we can get vaccines into people’s arms … The last, the last thing we need is Neanderthal thinking.” In the meantime, everything is fine . Take off your mask. Forget it, “It’s still important.”

He added that it was “critical, critical, critical” that state officials “follow science” and encourage Americans to continue wearing masks and following all public health guidelines.

“I know you all know,” Biden told reporters. “I wish the hell some of our elected officials would.”

In response to Biden’s remarks, Reeves tweeted, “Mississippians don’t need handlers. When the numbers go down, they can judge their decisions and listen to experts. I think we should trust Americans, not offend them.”

When announcing their decisions, Reeves and Abbott cited the falling number of new Covid-19 cases and the increasing availability of vaccines as reasons for lifting the restrictions. However, federal officials warned that the decline in new cases appears to be stalling and that the emergence of new coronavirus variants could lead to a resurgence.

Abbott representatives did not immediately return CNBC’s request for comment.

Both governors used a similar tone in their announcements on Tuesday, saying that people should continue to follow public health guidelines, but that statewide mandates are not appropriate. Despite the removal of the restrictions, some companies in both states have announced that they will still need masking in their branches.

On Monday, before the two governors made their announcements, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, warned state officials too quickly to lift public health restrictions.

In the past seven days, the United States reported an average of more than 65,400 new cases a day, according to Johns Hopkins University. That’s well below the high of about 250,000 new cases per day the country reported in early January, but it’s still well above the infection rate the US saw the summer when the virus swept the sun belt.

“At this level of cases where variants spread, we will completely lose the hard-earned ground we won,” Walensky said on Monday. “With these statistics, I’m really concerned that more states are rolling back the exact public health measures we have recommended to protect people from Covid-19.”

“Please listen to me clearly: at this level of cases with spreading variant, we are going to completely lose the hard-earned ground we have gained,” she said.

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Health

Plan to Ditch the Masks After Vaccination? Not So Quick.

Given that 50 million Americans are vaccinated against the coronavirus and millions more are being added every day, the urgent question on many minds is: When can I throw my mask away?

It’s a deeper question than it seems – about a return to normal, how quickly vaccinated Americans can hug loved ones, hang out with friends, and go to concerts, shopping malls, and restaurants without feeling threatened by the coronavirus.

Many civil servants are sure to be ready. On Tuesday, Texas lifted its mask mandate along with all corporate restrictions, and Mississippi quickly followed suit. The governors of both states cited falling infection rates and increasing numbers of citizens being vaccinated.

But the pandemic is not over yet and scientists advise patience.

It seems clear that small groups of people who have been vaccinated can get together without having to worry too much about infecting one another. The Centers for Disease Control and Prevention is expected to issue new guidelines shortly that will address small gatherings of vaccinated Americans.

But when vaccinated people can take off their masks in public places depends on how fast the disease rates drop and what percentage of people in the surrounding community remain unvaccinated.

Why? Scientists don’t know if people who are vaccinated will pass the virus to those who aren’t vaccinated. While all Covid-19 vaccines spectacularly protect people from serious illness and death, it is unclear how well they do in preventing the virus from taking root in one immunized person’s nose and then spreading to others.

It’s not uncommon for a vaccine to prevent serious illness but not infection. Vaccinations against flu, rotavirus, polio and pertussis are imperfect in this way.

The coronavirus vaccines “are being studied much more closely than any previous vaccine,” said Neeltje van Doremalen, an expert in preclinical vaccine development at the Rocky Mountain Laboratories of the National Institutes of Health in Montana.

And now coronavirus variants that evade the immune system are changing tartar. Some vaccines are less effective at preventing infections with certain variants and could theoretically allow more viruses to spread.

The research available so far on how well the vaccines prevent transmission is preliminary but promising. “We are confident there is a reduction,” said Natalie Dean, biostatistician at the University of Florida. “We don’t know the exact size, but it’s not 100 percent.”

Even an 80 percent decrease in communicability could be enough for vaccinated people to throw off their masks, experts say – especially when much of the population is vaccinated and the incidence of hospital stays and deaths drops.

But most Americans are still not vaccinated and more than 1,500 people die every day. Given the uncertainty surrounding transmission, even people who are vaccinated must continue to protect others by wearing masks, experts say.

“You should wear masks until we actually have evidence that vaccines prevent transmission,” said Dr. Anthony S. Fauci, Director of the National Institute for Allergies and Infectious Diseases.

Updated

March 3, 2021, 4:04 p.m. ET

This evidence is not yet in, as the vaccine clinical trials aimed to test whether the vaccines prevent serious illness and death, which usually reflects the effects of the virus on the lungs. Transmission, on the other hand, is driven by growth in the nose and throat.

Prepared by the vaccine, the body’s immune fighters should contain the virus shortly after infection, shorten the duration of the infection and reduce the amounts in the nose and throat. This should greatly reduce the chance that one vaccinated person will infect others.

Animal studies support the theory. In one study, seven out of eight animals when monkeys were immunized and then exposed to the virus had no detectable virus in their nose or lung fluid, noted Juliet Morrison, a virologist at the University of California, Riverside.

Similarly, data from a few dozen Moderna study participants who were tested when they received their second dose suggested that the first dose reduced cases of infection by about two-thirds.

Another small batch of data recently emerged from the Johnson & Johnson study. The researchers looked for signs of infection in 3,000 participants for up to 71 days after receiving the single-dose vaccine. The risk of infection in this study appeared to decrease by about 74 percent.

“I think that’s very powerful,” said Dan Barouch, a virologist at Beth Israel Medical Center in Boston who ran one of the trial sites. “Those figure estimates could change with more data, but the effect seems to be pretty strong.”

Further data is expected from both Pfizer-BioNTech and Moderna in the coming months.

However, clinical trials can overestimate the effectiveness of a vaccine because the type of people who choose to participate is already cautious and advised on precautionary measures during the trial.

Some researchers instead track infections among vaccinated people in real-world settings. For example, one study in Scotland performed tests every two weeks regardless of symptoms on health care workers who had received the Pfizer BioNTech vaccine. The researchers found that the vaccine’s effectiveness in preventing infection was 70 percent after one dose and 85 percent after the second.

Researchers in Israel examined infections in nearly 600,000 vaccinated people and tried to track down their household contacts. The scientists found a 46 percent decrease in infections after the first dose and 92 percent after the second. (The study may have missed infections in people with no symptoms.)

However, to get a real estimate of transmission, researchers really need to know which immunized people will be infected and then track the spread of the virus among their contacts using genetic analysis.

“This is the ideal way to actually do this,” said Dr. Larry Corey, a vaccine development expert at the Fred Hutchinson Cancer Research Center in Seattle. He hopes to conduct such a study in college-age students.

But what precautions should vaccinated people take pending the results of such studies? Currently, many experts believe that what is permissible depends to a large extent on the number of cases in the surrounding community.

The higher the number of cases, the greater the likelihood of transmission – and the more effective vaccines need to be to stop the spread.

“If the case numbers are zero, it doesn’t matter if it’s 70 percent or 100 percent,” said Zoe McLaren, a health policy expert at the University of Maryland, regarding the vaccine’s effectiveness.

Wearing masks also depends on how many unvaccinated people remain in the population. Americans may need to remain cautious while vaccination rates are low. But people will be able to relax a bit when these rates rise and return to normal once the virus runs out of danger of infection.

“A lot of people think that masks are the first thing they do without,” said Dr. MacLaren. In fact, she said, masks offer more freedom by allowing people to attend concerts, travel on buses or airplanes, or even go shopping with unvaccinated people nearby.

Ultimately, masks are a form of civic responsibility, said Sabra Klein, an immunologist at the Johns Hopkins Bloomberg School of Public Health.

“Do you wear a mask to protect yourself from severe Covid or do you wear a public health mask?” Said Dr. Small. “It is right to do your part in the community beyond yourself.”

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Business

Fb Lifts Ban on Political Promoting

SAN FRANCISCO – Facebook announced Wednesday that it intends to lift the ban on political advertising on its network and resume a form of digital advertising that has been criticized for spreading misinformation, lies and voter inflammation.

The social network said it would allow advertisers to purchase new ads on “social issues, elections or politics” starting Thursday. This is evident from a copy of an email sent to political advertisers and viewed by the New York Times. These advertisers are required to perform a series of identity checks before they are allowed to serve the ads, according to the company.

“We introduced this temporary ban after the November 2020 elections to avoid confusion or abuse after election day,” Facebook said in a blog post. “We have had a lot of feedback on this and learned more about political ads and campaigns during this election cycle. For this reason, we plan to use the coming months to take a closer look at how these ads work in our service and to determine where further changes are appropriate. “

Political advertising on Facebook has long been faced with questions. Mark Zuckerberg, the executive director of Facebook, said he wanted to maintain a largely straightforward attitude towards the speech on the site – including political advertisements – unless it would pose direct harm to the public or individuals, saying that he ” does not want “the arbiter of truth. “

However, after the 2016 presidential election, the company and intelligence officials discovered that Russians had used Facebook ads to sow dissatisfaction among Americans. Former President Donald J. Trump also used Facebook’s political ads to reinforce claims of an “invasion” of the Mexican border in 2019, among other things.

Facebook banned political ads late last year to stave off misinformation and threats of violence related to the November presidential election. In September, the company announced that it would ban new political ads for the week leading up to election day and act swiftly against posts that were intended to prevent people from voting. In October, Facebook expanded this action by stating that it would ban all political and thematic advertising after polls were closed for an indefinite period on November 3rd.

In December, the company lifted the ban to allow some advertisers to advertise political issues and running for Georgia for the January runoff in the state. Otherwise, the ban remained in force for the remaining 49 states.

This is a developing story and will be updated.

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Politics

Cuomo refuses to resign over sexual harassment claims in New York

New York Governor Andrew Cuomo refused to resign Wednesday despite saying he regrets three women who claim he sexually molested them.

An emotional cuomo also urged the public to on hold as New York Attorney General Letitia James oversees an investigation into allegations made by women, two of whom had previously worked as his aides.

“I now understand that I acted in a way that made people feel uncomfortable,” said the embattled Democrat in his first public comments on the women’s allegations. “It was unintentional.”

“And I really apologize deeply for it,” he said. “I feel terrible about it.”

“I certainly never plan to offend, hurt or hurt anyone,” said Cuomo. “This is the last thing I ever want to do.”

When asked directly whether he would resign midway through his third term, Cuomo said, “I will not resign.”

“I work for the people of New York,” he added. “I’m going to do the job that the people of the state chose me to do.”

In addition to the sexual harassment scandal, Cuomo has received widespread criticism in recent weeks for covering up statistics on Covid deaths in nursing homes and bullying lawmakers and others from the state.

The governor said he would “fully cooperate with the harassment investigation by any attorney or attorneys that James will appoint”. These lawyers have the power to compel witnesses, including Cuomo, to answer their questions.

“I ask New Yorkers to wait for the attorney general’s facts before forming an opinion,” said Cuomo.

The 63-year-old governor was first accused last week by former adjutant Lindsey Boylan of kissing her without her consent and jokingly suggested a game of strip poker on an official flight. Cuomo’s office strongly declined Boylan’s account at the time of posting on Medium.com.

Within days, another former aide, Charlotte Bennett, 25, told the New York Times that Cuomo had asked her questions last year, including whether she “had ever been with an older man,” whether she was in their relationships being monogamous and other personal questions that made her uncomfortable.

Bennett said it was clear that Cuomo was seeking a sexual relationship with her.

On Monday, the Times published claims by another woman, Anna Ruch, who said that Cuomo, whom she did not know, put his hand on her bare lower back at a wedding. The governor then told her she was “aggressive” when, according to Ruch, he put his hands around her face.

Ruch, who previously worked in the White House during the Obama administration, said Cuomo then asked if he could kiss her.

A photo of an uncomfortable looking Ruch with Cuomo on his face accompanied this article.

Bennett on Monday beat up Cuomo for his “predatory behavior” and asked other women to come forward if they had similar complaints about his behavior.

Ruch’s report increased the number of people who have urged Cuomo to resign, including New York Democratic MP Kathleen Rice.

On Wednesday, Cuomo spoke to reporters for the first time about the ongoing coronavirus pandemic and related developments in New York. Then he turned to the sexual harassment scandal that had plagued him since last week.

“I want New Yorkers to hear from me directly,” he said. “Firstly, I fully support a woman’s right to speak up and I think that should be encouraged in every way.”

After apologizing for making the women uncomfortable, Cuomo said, “I’m embarrassed and it’s not easy to say, but that’s the truth.”

“I want you to know … I’ve never touched anyone inappropriately,” said the governor. “I never knew then that I was making someone feel uncomfortable.”

“And I never plan to offend, hurt, or hurt anyone.”

“I learned an important lesson from an incredibly difficult situation for myself and other people,” said Cuomo.

“I’m sorry. I’m sorry for the pain I’ve caused someone. I never meant to, and I’ll be better for the experience.”

While interviewing reporters, Cuomo later said, “You can find hundreds of pictures of me kissing people, men, women. It’s my usual and customary way of greeting.”

“By the way, it was my father’s way of greeting people,” he said, referring to his late father, Mario Cuomo, who himself was governor.

Cuomo tried last weekend to see who would investigate Boylan’s and Bennett’s allegations, saying that a former federal judge would do the job.

The governor then sought the state chief magistrate to work with James to oversee the investigation.

Cuomo’s efforts sparked a political backlash, and James explicitly opposed the deal. The governor gave in quickly and his office said James would handle the probe himself.

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Health

OSCR begins buying and selling on NYSE

The New York Stock Exchange welcomes Oscar Health, Inc. (NYSE: OSCR) today, Wednesday, March 3, 2021, on the occasion of its initial public offering.

NYSE

Oscar Health shares fell 8% on Wednesday’s IPO on the New York Stock Exchange.

The stock traded at a price of $ 36 per share. Oscar had valued his stock at $ 39 apiece, which was above his target range of $ 36-38. At $ 36 per share, the company has a market capitalization of approximately $ 7.1 billion.

Oscar uses a mix of technology, partner partnerships, and member experience to clarify health insurance prices for patients and provide doctors with more flexible payment models. Joshua Kushner, the brother of the son-in-law of former President Donald Trump, Jared Kushner, CEO Mario Schlosser and Kevin Nazemi (no longer with the company) founded the New York-based company in 2012.

The company announced in its listing on the stock exchange that it has 529,000 members in 18 states. It competes against health giants like UnitedHealth and CVS Health’s Aetna, but previously told CNBC that its focus on customer service and technology can make it successful.

Oscar Health, Inc. co-founders Mario Schlosser and Josh Kushner ring The Opening Bell®.

NYSE

Oscar’s market debut comes amid strong interest in virtual health companies as Americans seek alternatives to more traditional inpatient care.

“In my view, Covid has more rapidly shifted the healthcare system to consumerization, virtual and risk-sharing with vendors and payers,” Schlosser told CNBC’s Squawk Alley ahead of the company’s first trade. “Oscar, we designed the company to be at the forefront of all three companies.”

Despite the Covid-19 pandemic that boosted the business of a number of healthcare companies, Oscar’s net loss soared from $ 261.2 million in 2019 to $ 406.8 million in 2020.

Investors include Peter Thiel’s start-up fund, the Google parent alphabet, Thrive Capital, Khosla Ventures, General Catalyst and Fidelity. Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo led the bid.

Oscar is a four-time CNBC Disruptor 50 company that was last ranked 12th in 2018. It is traded under the ticker OSCR.

Subscribe to CNBC on YouTube.

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Business

Submit-Covid journey increase might be ‘sky’s-the-limit’

CNBC’s Jim Cramer said Wednesday he expected a wild rebound in the journey from the Covid pandemic, a development that would have a significant impact on companies operating in the industry and the U.S. economy at large.

“It’s going to be booming here in this country and I don’t think people are ready for it,” Cramer said in Squawk on the Street. “When I talk to the drug companies they think it’s going to be a boom. Transportation companies think it’s going to be a boom. This could be a situation where the sky is on the limit.”

The hospitality and travel industries were one of the greatest challenges during the coronavirus crisis as various business restrictions and health concerns kept people at home – or instead they dropped flights and opted for alternative vacations like an RV trip.

However, optimism is growing as Covid vaccinations become more widespread. For example, on Tuesday President Joe Biden said the US is now on track to have enough doses for every American adult by the end of May. That’s about two months earlier than the government predicted.

As of Tuesday, the Centers for Disease Control and Prevention reported that approximately 78.6 million vaccine doses had been administered in the US, of which approximately 26.1 million were second doses from Pfizer and Moderna’s shot. The Food and Drug Administration also recently granted individual approval for a single vaccine from Johnson & Johnson.

Stocks of hard-hit travel companies like cruise line Royal Caribbean and airlines have rallied in recent months in hopes that vaccinations would fuel demand. The US Global Jets ETF, which is tracking the airline, is up over 50% since Oct. 1.

Cramer said the month-long rally in battered travel stocks reflected investors’ strong belief in a strong rebound, suggesting that interest in the stocks may come from more than just retailers.

There is reason to be optimistic about a rebound in travel, according to the CEO of Royal Caribbean, whose shares are up about 45% since October 1. The cruise operator is seeing very encouraging early booking data, CEO Richard Fain told CNBC last week.

“Some of the things we thought [were] will not happen. They are better than we thought, “said Fain, specifically pointing out the ages of the people who book trips.” We really thought older people were more careful. It turns out they want to get out of the house too. “

While staying closer to home with road trips was popular during the pandemic, Cramer expects people to want to travel “anywhere” as soon as they are comfortable after vaccination. “I think they’re going to do a different way,” Cramer said. That could have a positive effect on the stock.

“This is one where you can have a lot of hosts who are ready and a lot of guests. It’s going to be a good game,” said the hosts of “Mad Money”. “Have you ever seen the leverage on this model? It doesn’t cost Airbnb more to have hosts, but they still get the power. I want to be in this business.”

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World News

Covid-19 Information: Stay Updates – The New York Instances

Here’s what you need to know:

Credit…Doug Mills/The New York Times

President Biden’s call on Tuesday to have every school employee receive at least one vaccine shot by the end of this month has elevated his push to reopen schools even before the nation is fully inoculated. At the White House’s direction, vaccinations will be available at local pharmacies through a federal program. But with the states setting priorities for eligibility otherwise, there remains a limit on actually getting shots in arms.

To amplify Mr. Biden’s push, the first lady, Jill Biden, and the newly confirmed education secretary, Miguel Cardona, traveled on Wednesday to the secretary’s home state, Connecticut, to tour an elementary school and a middle school in Meriden, where he grew up. Mr. Cardona left his job as the state’s education commissioner to join Mr. Biden’s cabinet. They will then travel to Waterford, Pa., to meet with parents.

Parents across the country are frustrated with the pace of reopening, and in some cases, are starting to rebel. Nationally, fewer than half of students are attending public schools that offer traditional in-person instruction full time. And many teachers have rejected plans to return to the classroom without being vaccinated.

Even so, most schools are already operating at least partially in person, and evidence suggests that they are doing so relatively safely. Research shows in-school virus spread can be mitigated with simple safety measures like masking, distancing, hand-washing and open windows.

“Let’s treat in-person learning like an essential service that it is,” Mr. Biden said on Tuesday, even as he noted that not every school employee would be able to get a vaccine next week. “And that means getting essential workers who provide that service — educators, school staff, child care workers — get them vaccinated immediately.”

Educators will be able to sign up to receive a vaccine through a local drug store as part of a federal program in which shots are delivered directly to pharmacies, Mr. Biden said.

At least 34 states and the District of Columbia are already vaccinating school workers to some extent, according to a New York Times database. Others were quick to fall in line after Mr. Biden announced his plan. On Tuesday, Washington State added educators and licensed child care workers to its top tier for priority, accelerating its plan by a few weeks.

In guidelines issued last month, the Centers for Disease Control and Prevention urged that elementary and secondary schools be reopened as soon as possible, and offered a step-by-step plan to get students back in classrooms. While the agency recommended giving teachers priority, it said that vaccination should “nevertheless not be considered a condition for reopening schools for in-person instruction.”

Many schools are already fully open in areas with substantial or high community transmission, where the agency suggests schools be open only in hybrid mode or in distance-learning mode. The agency says those schools can remain open if mitigation strategies are consistently implemented, students and staff are masked, and monitoring of cases in school suggests limited transmission.

The agency’s guidelines say that six feet of distancing between individuals is required at substantial and high levels of community transmission. Many school buildings cannot accommodate that, which may lead some districts to stick with a hybrid instruction model when they might otherwise have gone to full in-person instruction.

Many local teachers’ unions remain adamantly opposed to restarting in-person learning now, saying that school districts do not have the resources or the inclination to follow C.D.C. guidance on coronavirus safety. Without vaccinations, the unions say, adults in schools would remain vulnerable to serious illness or death from Covid-19 because children, while much less prone to illness, can nevertheless readily carry the virus. Studies suggest that children under 10 transmit the virus about half as efficiently as adults do, but older children may be much like adults.

The unions have a ready ear in the White House. Ms. Biden, a community college professor, is a member of the National Education Association, and the president has a long history with the unions. Ms. Biden and Mr. Cardona were scheduled to meet with Randi Weingarten, the president of the American Federation of Teachers, in Connecticut, and with Becky Pringle, the N.E.A. president, in Pennsylvania.

Epidemiological models have shown that vaccinating teachers could greatly reduce infections in schools. “It should be an absolute priority,” said Carl Bergstrom, an infectious diseases expert at the University of Washington in Seattle.

Still, requiring that teachers be vaccinated could greatly slow the pace of school reopenings, he and other experts acknowledged.

Teachers’ unions want not just vaccination, but also that districts improve ventilation and ensure six feet of distancing — two measures that have been shown to reduce the spread of the virus. (The C.D.C. guidelines emphasize six feet of distance only when prevalence of the virus is high, and nodded only briefly to the need for ventilation.) The unions have also insisted that schools not open until the infection rates in their communities are very low.

Katie Rogers contributed reporting.

United States › United StatesOn March 2 14-day change
New cases 57,789 –19%
New deaths 1,306* –9%

*Ohio removed deaths

World › WorldOn March 2 14-day change
New cases 288,926 +1%
New deaths 9,291 –18%

U.S. vaccinations ›

Where states are reporting vaccines given

Tracy Davie, left, and Renee Thevenot, both wearing masks, shopping in Austin, Texas, in January.Credit…Tamir Kalifa for The New York Times

Gov. Greg Abbott of Texas said on Tuesday that he was ending his statewide mask mandate, effective March 10, and that all businesses in the state could then operate with no capacity limits.

“I just announced Texas is OPEN 100%” he tweeted on Tuesday afternoon. “EVERYTHING.”

Mr. Abbott took the action after federal health officials warned governors not to ease restrictions yet because progress across the country in reducing coronavirus cases appears to have stalled in the last week.

“To be clear, Covid has not, like, suddenly disappeared,” Mr. Abbott said. “Covid still exists in Texas and the United States and across the globe.”

Even so, he said, “state mandates are no longer needed” because advanced treatments are now available for people with Covid-19, the state is able to test large numbers of people for the virus each day and 5.7 million vaccine shots have already been given to Texans.

Speaking to reporters at a Chamber of Commerce event in Lubbock on Tuesday afternoon, Mr. Abbott, a Republican, said that most of the mandates issued during the peak of the pandemic in the state would be lifted; he did not specify which mandates would remain. He said top elected officials in each county could still impose certain restrictions locally if hospitals in their region became dangerously full, but could not jail anyone for violating them.

“People and businesses don’t need the state telling them how to operate,” he said.

Target and Macy’s said on Tuesday that they would continue requiring customers and employees to wear masks, Reuters reported. General Motors and Toyota said their employees in the state would also still be required to wear masks.

Democratic leaders in the state reacted swiftly and harshly to the announcement. “What Abbott is doing is extraordinarily dangerous,” Gilberto Hinojosa, the state party chairman, said in a statement, adding, “This will kill Texans. Our country’s infectious-disease specialists have warned that we should not put our guard down, even as we make progress towards vaccinations. Abbott doesn’t care.”

In states like Florida and South Dakota, schools and businesses have been widely open for months, and many local and state officials across the country have been easing restrictions since last summer. Still, the pace of reopenings has quickened considerably in the past few days.

In Chicago, tens of thousands of children returned to public school this week, while snow-covered parks and playgrounds around the city that have been shuttered since last March were opened. Restaurants in Massachusetts were allowed to operate without capacity limits, and South Carolina erased its limits on large gatherings.

The Biden administration has warned states not to relax restrictions too soon, despite the recent decline in cases. “We stand to completely lose the hard-earned ground we have gained,” the director of the C.D.C., Dr. Rochelle Walensky, said at a White House virus briefing on Monday.

The nation as a whole has been averaging more than 67,000 new cases a day lately, more than at any time during the spring and summer waves of cases, according to a New York Times database.

Texas was among the first states to ease restrictions after the first wave, a move that epidemiologists believe was premature and led to the summer surge across the Sunbelt.

Though conditions in the state and the nation have improved from a huge surge over the holidays, the coronavirus is still spreading rapidly in Texas. The state has been averaging about 7,600 new cases a day recently, rebounding from a drop in February when a severe storm disrupted testing. Texas is among the top 10 states in recent spread, averaging 27 cases for every 100,000 people.

And Texans are still dying of Covid-19 in significant numbers: The state reported an average of 227 Covid-19 deaths a day over the past week, more than any other state except California.

Mayor Sylvester Turner of Houston and the top elected official in Harris County, Lina Hidalgo, both Democrats, wrote to Mr. Abbott on Tuesday before his announcement, asking the governor not to end the mask mandate and calling such a move “premature and harmful.”

“We must continue the proven public health interventions most responsible for our positive case trends, and not allow overconfidence to endanger our own successes,” they wrote.

Mr. Abbott made his reopening announcement in a Mexican restaurant, on the anniversary of Texas’ declaration of independence from Mexico in 1836.

Because of an editing error, an earlier version of this item misspelled Lina Hidalgo’s given name.

Justina Roberta Santos, 84, received a coronavirus vaccine during a campaign to inoculate older people with mobility issues, in Rocinha, Brazil, last month.Credit…Dado Galdieri for The New York Times

Covid-19 has already left a trail of death and despair in Brazil, one of the worst in the world. And now, the country is battling a more contagious variant, even as Brazilians toss away precautionary measures that could keep them safe.

On Tuesday, Brazil recorded more than 1,700 Covid-19 deaths, its highest single-day toll of the pandemic.

Preliminary studies suggest that the variant that swept through the city of Manaus appears able to infect some people who have already recovered from other versions of the virus. And the variant has slipped Brazil’s borders, showing up in small numbers in the United States and other countries.

Although trials of a number of vaccines indicate that they can protect against severe illness even when they do not prevent infection with the variant, most of the world has not been inoculated. That means even people who had recovered and thought they were safe for now might still be at risk, and that world leaders might, once again, be lifting restrictions too soon.

“You need vaccines to get in the way of these things,” said William Hanage, an epidemiologist at Harvard T.H. Chan School of Public Health, speaking of variants that might cause reinfections.

Brazilians hoped that they had seen the worst of the outbreak last year. Manaus, capital of the northern state of Amazonas, was hit so hard in April and May that scientists believed the city may have reached herd immunity.

But then in September, cases in the state began rising again. By January, scientists had discovered that a new variant, which became known as P.1, had become dominant in the state. Within weeks, its danger became clear as hospitals in the city ran out of oxygen amid a crush of patients, leading scores to suffocate to death.

Throughout the pandemic, researchers have said that Covid-19 reinfections appear to be extremely rare, which has allowed people who recover to presume they have immunity, at least for a while. But that was before P.1 appeared.

One way to tamp down the surge would be through vaccinations, but the rollout in Brazil has been slow.

Brazil began vaccinating health care professionals and older adults in late January. But the government has failed to secure a large enough number of doses. Wealthier countries have snapped up most of the supply, while President Jair Bolsonaro has been skeptical both of the disease’s impact and of vaccines.

Margareth Dalcolmo, a pulmonologist at Fiocruz, a prominent scientific research center, said that Brazil’s failure to mount a robust inoculation campaign had set the stage for the current crisis.

“We should be vaccinating more than a million people per day,” she said. “We aren’t, not because we don’t know how to do it, but because we don’t have enough vaccines.”

Other countries should take heed, said Ester Sabino, an infectious-disease researcher at the University of São Paulo who is among the leading experts on the P.1 variant.

“You can vaccinate your whole population and control the problem only for a short period if, in another place in the world, a new variant appears,” she said. “It will get there one day.”

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Dolly Parton Receives Coronavirus Vaccine and Urges Fans to Follow

On Tuesday, the country singer Dolly Parton received “a dose of her own medicine,” a shot of the Moderna vaccine, which she helped fund when she donated $1 million to Vanderbilt University Medical Center.

I’m finally going to get my vaccine. I’m so excited. I’ve been waiting a while. I’m old enough to get it. And I’m smart enough to get it. So I’m very happy that I’m going to get my Moderna shot today. And I want to tell everybody that you should get out there and do it, too. I haven’t changed one of my songs to fit the occasion. It goes vaccine, vaccine, vaccine, vaccine. I’m begging of you, please don’t hesitate. Well, it didn’t take this long to film “9 to 5.” I’m still waiting while I’ve been waiting since December. I’ve been alone herein line. All right. Think you got it? I got it. OK, that didn’t hurt just a little bit, but that was from the alcohol pad, I think. Yeah. OK. All right.

Video player loadingOn Tuesday, the country singer Dolly Parton received “a dose of her own medicine,” a shot of the Moderna vaccine, which she helped fund when she donated $1 million to Vanderbilt University Medical Center.CreditCredit…@Dollyparton, via Reuters

The country music star Dolly Parton has another new gig: Singing the praises of coronavirus shots and getting vaccinated on camera.

Last year, Ms. Parton donated $1 million to Vanderbilt University Medical Center, which worked with the drug maker Moderna to develop one of the first coronavirus vaccines to be authorized in the United States. The federal government eventually invested $1 billion in the creation and testing of the vaccine, but the leader of the research effort, Dr. Mark Denison, said that the singer’s donation had funded its critical early stages.

On Tuesday, Ms. Parton, 75, received a Moderna shot at Vanderbilt Health in Tennessee. “Dolly gets a dose of her own medicine,” she wrote on Twitter.

“Well, hey, it’s me,” she says to her fans in an accompanying video, a minute before a doctor arrives to inoculate her. “I’m finally gonna get my vaccine.”

“I’m so excited,” she added in the video, which racked up more than a million views within about four hours. “I’ve been waiting a while. I’m old enough to get it, and I’m smart enough to get it.”

She also broke into song (naturally), replacing the word “Jolene” in one of her best-known choruses with “vaccine.”

“Vaccine, vaccine, vaccine, vaccine,” she sang, embellishing the last one with her trademark Tennessee lilt. “I’m begging of you please don’t hesitate.”

“Vaccine, vaccine, vaccine, vaccine,” she added, “because once you’re dead, then that’s a bit too late.”

Just before the doctor arrived to inoculate her — or “pop me in my arm,” as she put it — she doubled down on her message.

“I know I’m trying to be funny now, but I’m dead serious about the vaccine,” she said. “I think we all want to get back to normal — whatever that is — and that would be a great shot in the arm, wouldn’t it?”

“I just want to say to all of you cowards out there: Don’t be such a chicken squat,” she added. “Get out there and get your shot.”

Global Roundup

In Berlin last week. Medical experts have warned that Germany is at the beginning of a third wave of the pandemic.Credit…Sean Gallup/Getty Images

Chancellor Angela Merkel of Germany and governors of the country’s states were to meet on Tuesday to talk about what an extension to the nation’s 11-week lockdown could look like. Some governors and federal lawmakers have been calling for an easing of measures. The current restrictions are set to expire next week.

But medical experts have warned that Germany is at the beginning of a third wave of the pandemic, driven in part by more infectious variants, and that continued restrictions are likely.

Christian Drosten, the chief virologist at the Charité hospital in Berlin and a government adviser, said during a podcast on Tuesday, “We are walking into a situation with our eyes closed.”

While some schools in Germany have reopened, most students are not on full schedules. Nonessential businesses are closed nationwide and restaurants have been shuttered since November, when the government first began a “lockdown light,” which proved ineffective in halting growing cases. Restrictions were tightened in December.

Despite the measures, there has been a slight increase in new infections. On Tuesday, the German health authorities registered about 9,000 new cases, about 1,000 more than the same day the week before. A New York Times database puts the seven-day average at 8,172; two weeks ago, it was 6,121.

After meeting with governors on Tuesday afternoon, Ms. Merkel is expected to announce an extension of the lockdown until at least March 28, though businesses like bookstores and flower stores are expected to join hairdressers in being able to open under strict distancing guidelines.

In other news from around the world:

  • In the Netherlands, a pipe bomb exploded at a coronavirus testing center on Wednesday, causing damage but no injuries, the public broadcaster NOS reported. The blast at the center in the town of Bovenkarspel was caused by a “metal pipe that exploded,” Erwin Sintenie, a police spokesman, said. The lone security guard present when the device was detonated was unhurt, though windows were broken, the police said. There have been multiple, and at times violent, protests in the Netherlands against coronavirus restrictions. In January, a testing center in the town of Urk was set alight after the government imposed a curfew.

  • North Korea is expected to receive about 1.7 million doses of the Oxford-AstraZeneca shots by the end of May, according to a report released on Tuesday by Covax, an international body established to promote global access to coronavirus vaccines. The AstraZeneca doses are among about 237 million that Covax says it expects to distribute worldwide over the same period. The North’s state news media has long insisted that the country has no confirmed Covid-19 cases, but outside experts are skeptical.

  • Pelé, the Brazilian former soccer star, said in an Instagram post that he had received a coronavirus vaccine. He noted that the pandemic was “not over yet,” and urged his nearly six million followers to continue wearing masks and taking other safety precautions. “This will pass if we can think of others and help each other,” he wrote. Brazil has reported more than 10.5 million cases and 257,000 deaths, some of the highest tallies in the world.

  • Bharat Biotech, an Indian pharmaceutical company, said on Wednesday that its vaccine, Covaxin, had shown 81 percent efficacy in interim trials. The announcement came two months after Indian regulators approved the shots for emergency use despite a lack of published data showing that they were safe and effective.

People waited in line Sunday with the hope of receiving leftover Covid-19 vaccine doses that would otherwise expire and be tossed out each day at the Kedren Community Health Center on in Los Angeles.Credit…Mario Tama/Getty Images

After weeks of waiting, Judy Franke’s vaccine breakthrough came when her phone rang at 8 p.m. one freezing February night. There were rumors of extra doses at the Minneapolis Convention Center. Ms. Franke, 73, had an hour to get there. No guarantees.

“I called my daughter and she said, ‘I’m putting my boots on right now,’” said Ms. Franke, a retired teacher with a weakened immune system.

Credit…Jenn Ackerman for The New York Times

The clamor for hard-to-get vaccines has created armies of anxious Americans who haunt pharmacies at the end of the day in search of an extra, expiring dose and drive from clinic to clinic hoping that someone was a no-show to their appointment.

Some pharmacists have even given them a nickname: Vaccine lurkers.

Even with inoculation rates accelerating and new vaccines entering the market, finding a shot remains out of reach for many, nearly three months into the country’s vaccination campaign. Websites crash. Appointments are scarce.

The leftover shots exist because the Moderna and Pfizer vaccines have a limited life span once they are thawed and mixed. When no-shows or miscalculations leave pharmacies and clinics with extras, they have mere hours to use the vaccines or risk having to throw them away.

And so, tens of thousands of people have banded together on social-media groups. They trade tips about which Walmarts have extra doses. They report on whether besieged pharmacies are even answering the phone. They speculate about whether a looming blizzard might keep enough people home to free up a slot.

“It’s like buying Bruce Springsteen tickets,” said Maura Caldwell, who started a Facebook page called Minneapolis Vaccine Hunters to help people navigate the search for appointments. The group has about 20,000 members.

Health experts said the scavenger hunt for leftovers highlighted the persistent disparities in the U.S. vaccination rollout, where access to lifesaving medicine can hinge on computer savvy, personal connections and the ability to drop everything to snag an expiring dose.

In Minnesota, when Ms. Franke arrived at the convention center, there were about 20 other people already milling around in the lobby, she said, and a health worker quickly emerged to inform them that there were no leftovers.

But many in the crowd stuck around, and after a half-hour, the vaccination team allowed people 65 and older, teachers and emergency responders to get their shots. Ms. Franke lined up and said she cried with relief on the car ride home to the suburbs.

Medical staff checking an empty ward reserved for Covid patients at a hospital in Bucharest, Romania, last week.Credit…Vadim Ghirda/Associated Press

As vaccination programs continue to be rolled out around the world, many countries are now turning their attention to the pent-up demand for non-Covid-19 health care, which fell by the wayside during months of crisis response.

In Romania, there is a deep concern about an overwhelmed health care system as many people suffering from other health issues have been without care, or missing regular medical appointments, over the past year. That includes cancer patients and those with HIV.

Victor Cauni, interim manager of one of the largest hospitals in the capital, Bucharest, said that the urology ward had gone from performing 400 to 500 medical interventions a month in recent years to barely 50 in total in the past year.

“Whether we like it or not, we have more patients with many other illnesses compared to Covid patients,” he said in an interview with The Associated Press last week. “We need to open for them at least partially. We’re discriminating against patients with serious conditions.”

Health care scandals in Romania in recent years have also left many people cautious about seeking treatment at hospitals, an issue exacerbated by the pandemic. Since November, fires in two hospitals treating coronavirus patients have left more than 20 people dead.

Romania’s spending on its health care system is among the lowest in the European Union, with just 5.2 percent of its G.D.P. allocated toward it. The average in the bloc is around 10 percent.

The Romanian Health Ministry organized a call last month with hospital administrators about the need to evaluate infrastructure and potentially create separate channels for coronavirus patients so that other patients could receive treatment. The ministry is also assessing the ability to use some hospitals solely for the treatment of patients with severe cases of the virus, and return others to handling only patients being treated for other conditions.

“I think it’s only in the second half of this year that we’re going to really understand what happened last year in terms of access to health care,” said Vlad Voiculescu, the Romanian health minister.

Mr. Voiculescu noted that access to treatment had been limited for some patients, especially those in rural and smaller urban areas where hospitals of 300 or 400 beds had been transformed into coronavirus support hospitals.

“This cannot go on,” he said, adding that some hospitals were already set to return to more general usage.

Romania has largely kept the spread of the coronavirus in check, putting in place tight restrictions early on that limited the number of infections. Still, there have been more than 800,000 confirmed cases and more than 20,500 deaths in the country, which has a population of around 19 million.

Like the rest of the world, Romania is bracing for another potential wave in cases, with concerning variants of the virus on the rise.

“We have the vaccination campaign,” Mr. Voiculescu said, adding, “We do have the mechanisms in place for more precautionary measures if there’s going to be another wave.”

Jacori Owens-Shuler, an industrial designer, back at work in the Vivint Innovation Center in Lehi, Utah, last month.Credit…Kim Raff for The New York Times

Corporate executives around the United States are wrestling with how to reopen offices as the pandemic starts to loosen its grip. Businesses — and many employees — are eager to return to some kind of normal work life: going back to the office, grabbing lunch at their favorite restaurant or stopping for drinks after work.

While coronavirus cases are declining and vaccinations are rising, many companies have not committed to a time and strategy for bringing employees back. The most important variable, many executives said, is how long it will take for most workers to be vaccinated.

Another major consideration revolves around the children of employees. Companies say they can’t make firm decisions until they know when local schools will reopen for in-person learning.

Then there is a larger question: Does it make sense to go back to the way things were before the pandemic, given that people have become accustomed to the rhythms of remote work?

More than 55 percent of people surveyed by the consulting firm PwC late last year said that they would prefer to work remotely at least three days a week after the pandemic recedes. But their bosses appear to have somewhat different preferences — 68 percent of employers said that they believed employees needed to be in the office at least three days a week to maintain corporate culture.

Some companies that have begun trying to get workers back to the office — like Vivint, a home-security business based in Provo, Utah, that has more than 10,000 employees across the United States — say they are doing so on a voluntary basis.

Vivint is allowing 40 percent of its 4,000 employees in Utah to return, though only about 20 percent have chosen to do so regularly.

To accommodate social distancing, Vivint has restricted access to each building to a single entrance, where employees have their temperature taken. Signs remind employees to wear masks at all times, and the company has limited capacity in conference rooms.

Vivint also has an on-site clinic that has been offering 15-minute rapid virus tests to employees and their families.

The company hopes to use the clinic to distribute coronavirus vaccines to its workers when Utah allows it to do so.

“We’ve never faced a worker shortage like this in my 40 years,” said Peter Hall at his orchard in Shepparton, Australia. “I suspect for each lot of crop, we’ll just not get there in time.”Credit…Asanka Brendon Ratnayake for The New York Times

The pandemic has exposed the unstable foundation of Australia’s agriculture industry, a $54 billion-a-year goliath that has long been underpinned by the work of young, transient foreigners.

Border closures and other measures to keep the coronavirus out of the country have left Australia with a deficit of 26,000 farmworkers, according to the nation’s top agriculture association. As a result, tens of millions of dollars in crops have gone to waste from coast to coast.

“We’ve never faced a worker shortage like this in my 40 years,” said Peter Hall, who owns an orchard in southeastern Australia. “I suspect for each lot of crop, we’ll just not get there in time.”

This enormous crop destruction has fueled rising calls for Australia to rethink how it secures farm labor, with many pushing for an immigration overhaul that would give agricultural workers a pathway to permanent residency.

Since 2005, the government has steered young travelers to farms by offering extensions of working holiday visas from one year to two for those who have completed three months of work in agriculture. Backpackers can earn extensions by working in other industries like construction or mining, but 90 percent do so through farm work.

In a normal year, more than 200,000 backpackers would come to Australia, making up 80 percent of the country’s harvest work force, according to industry groups.

Now, there are just 45,000 in the country, according to government data, and attempts to fill the labor shortage with unemployed Australians have been largely unsuccessful.

The federal government has flown in workers from nearby Pacific islands, which have largely avoided the pandemic. But with border restrictions in place, the arrangements have sometimes been convoluted.

Nationwide, only about 2,400 workers have been flown into the country since the borders were shut, according to the National Farmers’ Federation.

President Biden gave updates on the pandemic at the White House on Tuesday. He said his government had provided support to Johnson & Johnson to enable the company and its partners to make vaccines around the clock.Credit…Doug Mills/The New York Times

President Biden said on Tuesday that the United States was “on track” to have enough supply of coronavirus vaccines “for every adult in America by the end of May,” accelerating his effort to deliver the nation from the worst public health crisis in a century.

In a brief speech at the White House, Mr. Biden said his administration had provided support to Johnson & Johnson that would enable the company and its partners to make vaccines around the clock. The administration had also brokered a deal in which the pharmaceutical giant Merck would help manufacture the new Johnson & Johnson coronavirus vaccine.

Merck is the world’s second-largest vaccine manufacturer, though its own attempt at a coronavirus vaccine was unsuccessful. Officials described the partnership between the two competitors as historic and said it harked back to Mr. Biden’s vision of a wartime effort to fight the coronavirus, similar to the manufacturing campaigns when Franklin D. Roosevelt was president.

Originally, Johnson & Johnson’s $1 billion contract, negotiated last year when Donald J. Trump was president, called for the company to deliver enough doses for 87 million Americans by the end of May. Added to pledges from Moderna and Pfizer-BioNTech to deliver enough doses to cover a total of 200 million Americans by that date, the contract would have given the country enough vaccine for all adults 18 and older.

But Johnson & Johnson and its partners fell behind in their manufacturing. Although the company was supposed to deliver its first 37 million doses by the end of March, it said that it would be able to deliver only 20 million doses by that date, which made Biden aides nervous.

In late January, Jeffrey D. Zients, Mr. Biden’s coronavirus response coordinator, and Dr. David Kessler, who is managing vaccine distribution for the White House, reached out to top officials at the company, including Alex Gorsky, its chief executive, with a blunt message: This is unacceptable.

That led to a series of negotiations in February in which administration officials repeatedly pressured Johnson & Johnson to accept that they needed help, while urging Merck to be part of the solution, according to two administration officials who participated in the discussions.

In a statement on Tuesday, Merck said that the federal government would pay it up to $269 million to adapt and make available its existing facilities to produce coronavirus vaccines.

One federal official, who spoke on the condition of anonymity, said other steps that the administration took would move up Johnson & Johnson’s manufacturing timeline.

Those steps, said Jen Psaki, the White House press secretary, included providing a team of experts to monitor manufacturing and logistical support from the Defense Department. In addition, the president will invoke the Defense Production Act, a Korean War-era law, to give Johnson & Johnson access to supplies necessary to make and package vaccines.

“This is a type of collaboration between companies we saw in World War II,” Mr. Biden said at the White House. He thanked Merck and Johnson & Johnson for “stepping up and being good corporate citizens during this crisis.”

Noah Weiland contributed reporting.

Offices in Manhattan. Property taxes can make up 30 percent or more of the money that cities and towns take in and use to fund schools, police forces and other public services.Credit…Timothy A. Clary/Agence France-Presse — Getty Images

Dormant offices, malls and restaurants have turned cities around the country into ghost towns. They foreshadow a fiscal time bomb for municipal budgets, which are heavily reliant on property taxes and are facing real-estate revenue losses of as much as 10 percent in 2021, according to government finance officials.

While many states had stronger-than-expected revenue in 2020, a sharp decline in the value of commercial properties is expected to take a big bite out of city budgets when those empty buildings are assessed in the coming months. For states, property taxes account for just about 1 percent of tax revenue, but they can make up 30 percent or more of the taxes that cities and towns take in and use to fund local schools, police forces and other public services.

The coming fiscal strain has local officials from both parties pleading with the Biden administration and members of Congress to quickly approve relief for local governments.

Lawmakers in Washington are negotiating over a stimulus package that could provide as much as $350 billion to states and cities. The aid would come after a year of clashes between Democrats and Republicans over whether assistance for local governments is warranted or if it’s simply a bailout for poorly managed states.

On Saturday, the House passed a $1.9 trillion bill that would provide aid to cities and states and garnered no Republican support. The Senate is expected to take up the bill this week with a vote that is likely to break down along similar party lines. Republicans have continued to object to significant aid for states, saying most are in decent financial shape and cherry-picking data to support their argument, such as revised budget estimates that show improvement because of previous rounds of federal stimulus, including generous unemployment benefits.

For local officials from both parties, however, the help cannot come soon enough and they have been making their concerns known to Treasury officials and members of Congress.

The pandemic has upended America’s commercial property sector. In cities across the country, skyscrapers are dark, shopping centers are shuttered and restaurants have been relegated to takeout service. Social-distancing measures have redefined workplaces and accelerated the trend of telecommuting.

American cities are facing red ink for a broad swath of reasons but the pain is unevenly distributed. In some cases, a rise in residential real-estate values will make up for the commercial property downturn, and some segments, such as warehouses, have been doing well as online shopping lifts demand for distribution centers. States that do not have income taxes, such as Florida and Texas, are more vulnerable to fluctuations in real-estate values.

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Entertainment

Keanu Reeves Comedian E-book Arrives Wednesday

A comic book created and co-written by actor Keanu Reeves hits stores on Wednesday. More than 615,000 copies were ordered from comic book retailers. (The order is remarkably high: Marvel released a new one last March # 1 Spider-Woman, who, according to Comichron, has sold 142,000 copies in North America.)

The comic book BRZRKR (pronounced “Berserker”) is about an immortal warrior with a Reeves-inspired look in search of his origins and the end of his long life of over 80,000 years.

BRZRKR, from Boom! Studios, will be co-written by Matt Kindt and drawn by Ron Garney. “I’ve loved comics since I was a kid, and they’ve made a significant artistic impact throughout my career,” Reeves said in a video interview for Boom! published in January. The series will run for 12 issues.

Boom! had a good idea of ​​interest in the book last year. In September, the company ran a Kickstarter for backers to pre-order collected issues of the comic. The campaign had a goal of $ 50,000 and ended at $ 1.45 million. The first volume is due in October. (Excellent.)

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Business

Inventory Market Information: Dwell Updates

Here’s what you need to know:

Credit…-/Agence France-Presse — Getty Images

Britain’s chancellor, Rishi Sunak, announced a wide range of measures on Wednesday to support the country’s emergence from the pandemic, including an extension of the government’s wage-support program, billions of pounds in business grants and aid for art institutions and sports clubs.

But Mr. Sunak also said corporate taxes would rise beginning in 2023 and he would freeze personal income tax allowances, a measure that will push more people into higher tax brackets.

A year into the job, Mr. Sunak is trying to use this budget to juggle a number of different goals. In the short term, he is aiming to support jobs as the vaccine rollout continues and the economy cautiously reopens. He announced extensions to emergency support programs that will last through the summer.

But he has been under pressure to signal how he will tackle the budget deficit after spending of more than 400 billion pounds (about $560 billion) over the past year. He has alos faced questions about how he will meet the government’s commitment to “level up” the economy to reduce regional inequality and revitalize the post-Brexit economy.

The pandemic had led to one of the largest and most sustained economic shocks Britain had seen, Mr. Sunak said.

Last year, gross domestic product shrank nearly 10 percent, the worst in three centuries. The independent Office for Budget Responsibility forecasts the British economy will grow 4 percent this year, less than predicted in November, but then increase 7.3 percent in 2022.

The measures announced on Wednesday include:

  • 5 billion pounds ($7 billion) in grants to nearly 700,000 businesses such as shops, restaurants, hairdressers, hotels and gyms;

  • An extension to September of the furlough program that pays employees 80 percent of their wages for the hours they don’t work (businesses will have to contribute to the program starting in July);

  • Additional grants for self-employed workers;

  • £700 million for arts, culture and sports institutions;

  • An increase starting in 2023 in the corporate tax rate for companies with profits greater than £50,000, from the current rate of 19 percent, and topping out at 25 percent for companies with profits in excess of £250,000;

  • A “super deduction” on corporate taxes for business investment, which will allow companies to reduce their tax bill by 130 percent of the amount spent on investment.

Michaels has more than 1,200 stores in North America and some 44,000 employees.Credit…Gabby Jones for The New York Times

Apollo Global Management announced Wednesday that it would acquire the crafts retailer Michaels in a deal that valued the company at $5 billion.

The acquisition is a bet that Michaels can continue to ride the wave of enthusiasm for crafting spurred by Americans stuck at home during the pandemic. The company has also invested in its digital business, starting both curbside and same-day delivery.

Shares of the retailer, which has more than 1,200 stores in North America and some 44,000 employees, have risen nearly 300 percent over the past year, giving it a market capitalization of around $2.3 billion.

The deal will bring Michaels back into the hands of private equity after seven years as a public company. The private equity firms Bain Capital and Blackstone acquired Michaels in 2006, taking it private in a deal worth more than $6 billion. The company made its way back into the public markets in 2014, at a market value of about $3.5 billion. Bain is still a large shareholder.

At least one other private equity firm had expressed interest in acquiring Michaels, according to two people familiar with the situation.

Credit…Joe Cavaretta/Associated Press

“Hey, I know this is like a crazy idea. But would you ever buy the Venetian?”

That’s a call that David Sambur, Apollo Global Management’s co-head of private equity, recounted receiving while walking in Central Park this fall.

The answer, ultimately, was yes.

On Wednesday, Las Vegas Sands, the world’s largest casino company, announced that it would sell the Venetian, long seen as one of its prized assets, to Apollo and Vici Properties for $6.25 billion. Apollo will operate the property and Vici will own the real estate.

Executives from Sands, which was founded by the billionaire gambling magnate and Republican megadonor Sheldon Adelson, who died in January, called the deal “bittersweet,” but said they will use the proceeds to invest in the group’s casinos in Macau and Singapore, which form the “backbone” of the company.

“The Venetian changed the face of future casino development and cemented Sheldon Adelson’s legacy as one of the most influential people in the history of the gaming and hospitality industry,” said Robert Goldstein, the chief executive of Sands. “As we announce the sale of The Venetian Resort, we pay tribute to Mr. Adelson’s legacy while starting a new chapter in this company’s history.”

For Apollo, the deal is a bet that leisure and business travel will return to pre-pandemic levels, or close enough to make the purchase pay off. It follows similar investments, like buying a stake in travel booking company Expedia early in the pandemic and extending a loan to Aeromexico in October after the Mexican airline filed for bankruptcy a few months before.

Other casino companies, like Caesars Entertainment, have been saying that leisure travel in Las Vegas is poised to recover quickly. Judging when business conventions will return is harder, Mr. Sambur said. Apollo’s research found that the conference business tends to track the stock market and corporate profits, both of which are strong right now.

“It’s a very audacious bet to make,” he said. “But all of the fundamentals are there if you look hard enough.”

Improving national infrastructure enough to earn a B grade will require an investment of $2.6 trillion over the next decade, the American Society of Civil Engineers said.Credit…Samuel Corum for The New York Times

Bridges in disrepair, underfunded drinking water systems, roads riddled with potholes. President Biden’s next ambitious goal is to fix the nation’s infrastructure, and a new report suggests he has his work cut out for him.

The American Society of Civil Engineers on Wednesday gave U.S. airports, roads, waterways and other systems a C–, reflecting its view that the nation’s infrastructure is in poor to mediocre shape and in dire need of an upgrade.

“A C–, as you might imagine, is not something to be particularly proud of,” said Thomas Smith, the executive director of the professional group. “There’s a great need for improvement.”

After pushing a $1.9 trillion pandemic relief measure, the Biden administration is expected to shift its focus to an infrastructure proposal of a similar magnitude. Improving national infrastructure enough to earn a B grade will require an investment of $2.6 trillion over the next decade, the engineering society said.

The group publishes these reports every four years. Despite the dire warnings, the new one bore some good news: The C– is a slight improvement on the D or D+ the group had awarded since 1998. A D reflects a system in poor condition, and a C means mediocre condition. A B is awarded to a system that is “adequate for now,” and an A to infrastructure in exceptional shape and ready for the future.

Since the last report card in 2017, grades improved incrementally in a handful of categories. Increased federal funding helped lift aviation, inland waterways and ports, for example. Drinking water and energy infrastructure also improved as utilities used resources better and became more resilient, though that might seem hard to believe after the dayslong blackouts in Texas recently.

Still, only two of 17 categories were graded better than a C: America’s ports earned a B– and rail a B. Transit scored worst, earning a D–. The nation’s dams, roads, levees and storm water systems got a D.

Mr. Smith said he was optimistic that lawmakers and the public would back major investments in infrastructure, especially as a barrage of costly disasters exacerbated by climate change have laid bare the general state of disrepair.

“There’s just every reason to be doing this, and I feel like we’re learning so many lessons,” he said.

By 2025, more than 300 million people in China will be 60 or older, according to the Chinese government.Credit…How Hwee Young/EPA, via Shutterstock

Shady retirement home and investment schemes have cheated China’s rapidly aging population out of hundreds of millions of dollars, spurring more than a thousand criminal cases in recent years.

In a society that traditionally relied on family members to take care of elderly parents, fraudsters have been able to prey on fears that changing social norms and scarce resources will leave older people bereft, report Alexandra Stevenson and Cao Li for The New York Times.

By 2025, more than 300 million people in China will be 60 or older, according to the Chinese government. By 2050, that number is estimated to rise to half a billion.

China’s now-defunct one child policy and mass migration to big cities, though, mean that there are fewer people to care for this large and vulnerable group. The government provides care only to those with no family, no financial support and no ability to work.

In Yiyang, a retired handyman was so distraught after being swindled that he threw himself into a river last month and drowned, according to state media.

“We have a continuously aging population, and government-funded public services are not enough to look after this population,” said Dong Keyong, a professor at the School of Public Administration and Policy at Renmin University of China in Beijing.

The government has been relying on private sector companies to step in, offering subsidies and tax benefits as encouragement. But the cost of building a nursing home is high, and the rewards are often too low because most people cannot afford high-quality care.

The result has been that some builders have skirted laws that forbid them to accept money from residents before the retirement homes are built by creating side investment products that promise high interest rates and future membership benefits.

One company, Shanghai Da Ai Cheng, raised more than $150 million promising returns of up to 25 percent and a retirement home. Three years after the program started, the project collapsed and more than $81 million had disappeared.

Corporate executives around the country are wrestling with how to reopen offices as the pandemic starts to loosen its grip. Businesses — and many employees — are eager to return to some kind of normal work life, going back to the office, grabbing lunch at their favorite restaurant or stopping for drinks after work. But the world has changed, and many managers and workers alike acknowledge that there are advantages to remote work.

More than 55 percent of people surveyed by the consulting firm PricewaterhouseCoopers late last year said they would prefer to work remotely at least three days a week after the pandemic recedes, Julie Creswell, Gillian Friedman and Peter Eavis report for The New York Times. But their bosses appear to have somewhat different preferences — 68 percent of employers said they believed employees needed to be in the office at least three days a week to maintain corporate culture.

Salesforce, the software company based in San Francisco, recently earned praise from some people when it said that most of its employees would be able to come into the office one to three days a week — an approach the company described as “flex” — once the pandemic is no longer a public health threat. The company would not say whether it now needed less office space.

But other companies ultimately want all or nearly all employees back for most of the week — and are telling workers that their careers could suffer if they don’t return.

Rapid7, a cybersecurity company based in Boston, will expect workers to come back to the office at least three days a week when it determines that it is safe to do so.

“We really believe that our in-person workplaces foster our culture and our core values,” said Christina Luconi, the company’s chief people officer.

Employees who choose not to return to the office could face professional repercussions, she said.

  • The S&P 500 drifted lower on Wednesday as government bond yields climbed.

  • The yield on the 10-year Treasury note rose to 1.48 percent. Bond yields have jumped sharply this year, reflecting optimism about economic growth but also raising concerns about inflation and that the Federal Reserve might pull back on its efforts to bolster the economy.

  • Shares of Michaels jumped more than 20 percent after Apollo Global said it would acquire the craft retailer in a $5 billion deal.

  • Trading in Europe was mixed, with the Stoxx Europe 600 down slightly and the FTSE 100 up 0.5 percent.

  • Automakers were among the big gainers in Europe, with Volkswagen rising 5.2 percent and Renault up 5.9 percent, after analysts gave both companies positive outlooks. Stellantis, the name for the merger of Fiat Chrysler and PSA, said it would aim for a profit margin of 5.5 percent to 7.5 percent, assuming no further significant lockdowns; shares rose 2.3 percent.

  • Asian markets ended the day higher, with the Shanghai composite in China up 2 percent higher and the Nikkei in Japan gaining 0.5 percent. In Australia, the S&P/ASX 200 gained 0.8 percent after the government announced the economy grew 3.1 percent in the final quarter of 2020 over the previous quarter; for all 2020, the economy shrank 1.1 percent.

  • Oil prices were higher, with futures of West Texas Intermediate, the U.S. benchmark, up 1.9 percent, to $60.88 barrel, and the global benchmark, Brent crude, also up 1.9 percent to $63.88 a barrel.

  • The chairman of Rio Tinto, the giant Anglo-Australian mining company, said he would step down after the destruction of two ancient rock shelters in Australia that were sacred to Aboriginal groups. The company blew up the caves in May to get at iron ore underneath them, raising an outcry that caused the chief executive to step down in September.