Categories
Politics

Garland Particulars Justice Dept. Plan to Shield Voting Rights

Attorney General Merrick B. Garland on Friday tabled a detailed plan to protect voting rights, announcing that the Department of Justice would redouble its enforcement staff on the matter, review and act on new laws aimed at restricting voter access and take action take action if it detects a violation of federal law.

Mr. Garland announced his plan as Republican-led state lawmakers push for new restrictive electoral laws and amid dwindling opportunities for comprehensive state voter protection laws introduced by the Democrats.

“To meet the challenge of the current moment, we must devote the Justice Department’s resources to a critical part of its original mission: enforcing federal laws protecting the right to vote for all eligible voters,” Garland said in an address to the department.

The Justice Department will also review current laws and practices to see if they discriminate against non-white voters, he said. It was not clear how many people were working to enforce voting rights and what the total would be after the department added staff.

At least 22 new laws making voting harder have been passed in more than a dozen states, according to the Brennan Center for Justice, a progressive public policy institute that is part of the New York University School of Law.

Mr Garland also said the department oversees the use of unorthodox by-election checks that could undermine confidence in the country’s ability to hold free and fair elections, adding that some jurisdictions have used disinformation to justify such checks.

“Much of the reasoning given in support of these by-election reviews and electoral restrictions was based on allegations of material fraud in the 2020 elections that have been refuted by law enforcement and intelligence agencies, both this and the previous government, as well as any court – federal and state – which it took into account, ”Garland said.

The ministry’s civil rights division has sent a letter expressing concerns that any of these reviews may have violated the civil rights law, Garland said, in part because it could violate a provision of the law that prohibits voter intimidation . He didn’t state which state, but in Arizona, a week-long exam is widely viewed as a partisan exercise to cultivate complaints about Donald J. Trump’s electoral defeat.

The Department of Justice will publish guidelines explaining the civil and criminal law provisions that apply to by-election reviews, guidelines on early voting and voting by post, and will work with other agencies to combat disinformation.

Democrats have sued over some new electoral laws, but this lawsuit could take years to resolve and may have little power to prevent those laws from affecting the upcoming elections.

Two major federal election laws – the For the People Act and the John Lewis Voting Rights Act – are also the subject of heated debates in Congress.

Earlier this week, West Virginia Democrat Senator Joe Manchin III said he would speak out against the For the People Act, which dashed hopes among progressives that the sweeping anti-voter suppression bill would become law.

Mr. Garland has said protecting the right to vote is one of his top priorities as the attorney general, and his top lieutenants include high profile proxy attorneys like Vanita Gupta, the No. 3 ministry, and Kristen Clarke, the civil rights director.

Ms. Clarke’s long career as a vocal protection attorney – including with the NAACP Legal Defense and Educational Fund, the New York Attorney General, and the Lawyers’ Committee for Civil Rights Under Law – will make her a key player in the Justice Department’s work to improve access to To receive voting.

That work is made more difficult, however, by a 2013 Supreme Court ruling that struck down portions of the electoral law that forced states with a legacy of racial discrimination to obtain the approval of the Department of Justice before they could change their electoral laws.

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World News

A Fragile Israeli Coalition, With Some Underlying Glue

JERUSALEM — A new Israeli government united in its determination to oust Prime Minister Benjamin Netanyahu, but in agreement on little else, is set to take office Sunday under a right-wing leader whose eight-party coalition includes the left and, for the first time, an independent Arab party.

It looks like a recipe for chronic instability.

Even Sunday’s confidence vote in the Knesset, or parliament, that would usher in the first change in Israeli leadership in a dozen years is not a done deal, given the razor-thin majority of Naftali Bennett’s coalition with its 61 seats in the 120-member chamber. But every indication is that the votes to make Mr. Bennett prime minister are locked in, absent some 11th-hour drama.

A signed coalition agreement was formally presented to the Knesset secretariat Friday, the last step before a vote and the swearing-in of the new government.

Survival will then become the issue. Israel’s parliamentary democracy veered in a presidential direction under Mr. Netanyahu. In the end, his increasingly dismissive style had alienated too many people, especially among nominal allies on the right.

Agreement to return to democratic norms may be the underlying glue of the unlikely coalition.

“The parties are disparate, but they share a commitment to reconstitute Israel as a functioning liberal democracy,” said Shlomo Avineri, a prominent political scientist. “In recent years we saw Netanyahu begin to govern in a semi-authoritarian way.”

After agreement was reached Friday on the government program, Mr. Bennett said: “The government will work for all the Israeli public — religious, secular, ultra-Orthodox, Arab — without exception, as one. We will work together, out of partnership and national responsibility, and I believe we will succeed.”

Success will require constant compromise. “They will not deal with the highly contentious issues between left and right,” said Tamar Hermann, a professor of political science at Israel’s Open University.

In practice, that means a likely concentration on domestic rather than foreign affairs. Israel has not had a budget in more than two years of political turmoil and repetitive elections. Mr. Bennett, a self-made tech millionaire, is determined to deliver higher standards of living and prosperity to a population weary of such paralysis.

The delicate questions to be deferred or finessed would include any renewed peace negotiations with the Palestinians and any major settlement expansion in the West Bank.

Although Mr. Bennett was once a leader of the main settler movement in the West Bank and has called for the annexation of parts of the territory Israel captured in 1967, he seems certain to be constrained by centrist and left-wing members of the coalition and by the pragmatism that survival demands.

Establishing good relations with the Biden administration, a priority, and improving relations with America’s majority liberal Jewish community, another significant goal, will also require centrist restraint.

“Hard core people of the right, we have the evidence, become more centrist in office,” Ms. Hermann said. “Bennett was not prime minister when he made his pro-settlement statements.”

Mr. Bennett, 49, like other prominent members of the prospective cabinet, has waited a long time to emerge from Mr. Netanyahu’s shadow. Yair Lapid, 57, the incoming foreign minister, and Gideon Saar, 54, who would become justice minister, are other prominent politicians of a generation weary of being sidelined by the man many Israelis had come to dub the King of Israel. They will not want to return to the shadows.

Mr. Lapid, a leading architect of the coalition, would become prime minister in two years under the deal that made an alternative to Mr. Netanyahu possible — another incentive for him to help make the government work.

Still, it may not. The parties, ranging from Mr. Bennett’s Yamina party on the right to Labor and Meretz on the left, disagree on everything from L.G.B.T.Q. rights to public transportation on Shabbat.

They will come under withering, constant attack from Mr. Netanyahu’s center-right Likud party. It is conceivable that Mr. Netanyahu will be ousted from Likud at some point, whereupon the right-wing members of the coalition may return to their natural alliances.

Understand Developments in Israeli Politics

    • Key Figures. The main players in the latest twist in Israeli politics have very different agendas, but one common goal. Naftali Bennett, who leads a small right-wing party, and Yair Lapid, the centrist leader of the Israeli opposition, have joined forces to form a diverse coalition to unseat Benjamin Netanyahu, Israel’s longest-serving prime minister.
    • Range of Ideals. Spanning Israel’s fractious political spectrum from left to right, and relying on the support of a small Arab, Islamist party, the coalition, dubbed the “change government” by supporters, will likely mark a profound shift for Israel.
    • A Common Goal. After grinding deadlock that led to four inconclusive elections in two years, and an even longer period of polarizing politics and government paralysis, the architects of the coalition have pledged to get Israel back on track.
    • An Unclear Future. Parliament still has to ratify the fragile agreement in a confidence vote in the coming days. But even if it does, it remains unclear how much change the “change government” could bring to Israel because some of the parties involved have little in common besides animosity for Mr. Netanyahu.

“It’s not going to be easy,” said Avraham Diskin, a political scientist at Hebrew University in Jerusalem. “I really doubt that Lapid will become prime minister two years from now.”

Among measures the prospective government has agreed on is legislation that would set a two-term limit for prime ministers. In effect, this would preclude Netanyahu redux.

Four ministries will be shut down, including the digital and strategic affairs ministries. Mr. Netanyahu had a cabinet so large and unwieldy he could argue that he had to make decisions himself.

The prospective government will also pursue legislation designed to make it more difficult to change Israel’s basic laws, which serve as the constitutional foundation of the country in the absence of a constitution. Mr. Netanyahu, who had been indicted on fraud and other charges, appeared to seek a curtailing of the powers of the Supreme Court and immunity from prosecution as prime minister.

The presence of Raam, an independent Arab party, in government, will affect policy to some degree.

The disparities in living standards, education, and access to land between Israeli Jews and the Palestinian citizens of Israel, who account for some 20 percent of the population, has become a burning issue. Violent clashes between the communities last month were the worst in two decades. Tensions remain high.

The government looks set to allocate almost $10 billion to close gaps between the communities over the next several years, freeze demolitions of unlicensed homes in Arab areas, recognize three Bedouin villages in the Negev desert, improve public transportation, and increase policing in disadvantaged Arab communities suffering from drug dealing and violence.

The posts promised to Raam to secure its support include deputy minister in the prime minister’s office and chairman of the Knesset committee for Arab affairs.

But tensions could flare at any moment. Most immediately, a nationalist march through Muslim-majority areas of Jerusalem’s Old City has been rescheduled for Tuesday. The original Jerusalem Day march last month was canceled because of Hamas rocket fire and clashes between the police and Palestinian protesters.

The issue remains highly sensitive, charged with the same emotions that led to a short war last month, despite efforts to agree on a less sensitive route for the march. The political adroitness of Mr. Bennett and Mr. Lapid will be quickly tested.

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Health

The FDA reportedly forces J&J to scrap about 60 million doses of its Covid vaccine

A detail of the Janssen Johnson & Johnson COVID-19 vaccine that is not currently being issued because it has been put on hold.

Allen J. Cockroaches | Los Angeles Times | Getty Images

Federal regulators are forcing Johnson & Johnson to scrap approximately 60 million doses of the Covid-19 vaccine made at a troubled Baltimore facility operated by Emergent BioSolutions due to possible contamination, the New York Times reported on Friday, citing with people familiar with the matter.

The facility closed in April after an inspection revealed several violations, including possible contamination of J & J’s vaccines with a key ingredient from AstraZeneca’s Covid vaccine. About 170 million doses of both vaccines were eligible after the inspection, the Times reported.

The FDA confirmed to CNBC that several lots were not “suitable for use” without confirming the exact number of doses discarded. According to an email statement, the agency announced that it is releasing two batches of vaccine materials made at the facility for use. The Associated Press reported that the two batches would make 10 million cans.

“The FDA has determined that several other lots are unsuitable for use, but additional lots are still being tested and the agency will inform the public of the completion of these tests,” said a statement sent via email.

The US currently has more than enough doses of two other vaccines approved by Pfizer and Moderna to complete vaccination of the American population.

Approximately 10 million doses of the Johnson & Johnson vaccine continue to be distributed in the United States and donated to other countries. The rescued cans will come with a warning stating that federal regulators cannot guarantee that the manufacturing facility operator, Emergent BioSolutions, is following good manufacturing practices, the Times reported.

“Before making this decision, the FDA conducted a thorough review of the facility records and the results of the manufacturer’s quality checks,” the agency said. “Although the FDA is not yet ready to include the Emergent BioSolutions facility in the Janssen EUA as an authorized manufacturing facility, the agency continues to address issues with Janssen and the management of Emergent BioSolutions.”

The Biden government planned to donate more cans of the shots, but those plans were stifled by the investigation of the emergent facility.

The World Health Organization said it would take 11 billion doses worldwide to stop the pandemic from getting worse. The US is buying 500 million doses of Pfizer’s two-shot vaccine to be distributed to countries in need, President Joe Biden is expected to announce at G-7 meetings this weekend.

– CNBC’s Berkeley Lovelace Jr. contributed to this article.

Categories
Entertainment

Within the Heights Has So Many Wonderful Numbers, however the Postcredits Scene Is Further Candy

The film adaptation of Lin-Manuel Miranda’s Tony-winning musical In the heights is finally here, and it’s filled to the brim with tons of numbers showcasing Washington Heights and the extremely talented cast. The film, which is currently streamed and in theaters on HBO Max, has a running time of around 143 minutes, but we promise you you won’t want to miss a second. In fact, you want to hold out the entire credits for a fun little addition.

The film has a bonus performance that fans of the original musical will surely appreciate. Although a handful of tracks have been cut from the film – including “Inútil” and “Enough” – we see Miranda at the very end of “Piragua (Reprise)”. After quarreling with Christopher Jackson’s character about her business, Miranda’s character gets the last laugh when the Mister Softee truck breaks down and everyone rushes to his piragua stand.

It’s certainly a cute little moment since Miranda and Jackson both starred in the original production of In the heights – Miranda played the role of Usnavi (played by Anthony Ramos in the film) while Jackson spawned the role of Benny (played by Corey Hawkins in the film). After sharing the stage together, of course In the heights In 2009 they finally got back together for Miranda’s hit musical Hamilton In 2015, Miranda played the title character of Alexander Hamilton and Jackson played George Washington.

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Politics

Bipartisan Senate infrastructure deal would value about $1 trillion

(L-R) U.S. Sens. Mark Warner (D-VA), Joe Manchin (D-WV), Mitt Romney (R-UT), Jeanne Shaheen (D-NH), Susan Collins (R-ME) and Kyrsten Sinema (D-AZ) take a break from a meeting on infrastructure for going to a vote at the U.S. Capitol June 8, 2021 in Washington, DC.

Alex Wong | Getty Images

An infrastructure plan crafted by a group of Senate Democrats and Republicans would cost roughly $1 trillion, a price tag that leaves the senators with work to do to win over members of both parties.

The proposal, which aims to upgrade physical infrastructure such as transportation and water systems, would cost $974 billion over five years or $1.2 trillion over eight years, a source familiar with the plan told CNBC. It would include $579 billion in new spending above the baseline already set by Congress. Biden asked for about $600 billion in new money, according to Sen. Bill Cassidy, R-La.

Senators have not announced how they plan to pay for the investments. The proposal “would be fully paid for and not include tax increases,” the 10 lawmakers who reached the deal said in a statement Thursday.

The group framed their proposal as a compromise to upgrade U.S. infrastructure with bipartisan support in Congress. The senators still need to win backing from President Joe Biden and congressional leaders for their plan to gain traction.

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In a statement responding to the plan Thursday night, White House spokesman Andrew Bates said “questions need to be addressed, particularly around the details of both policy and pay fors, among other matters.”

“Senior White House staff and the Jobs Cabinet will work with the Senate group in the days ahead to get answers to those questions, as we also consult with other Members in both the House and the Senate on the path forward,” he said.

The White House let senators know it would not agree to pay for a bill by either indexing the gas tax to inflation or implementing an electric vehicle mileage tax, NBC News reported Thursday. The measures would break Biden’s promise not to raise taxes on anyone making less than $400,000 per year.

It is also unclear if the spending will be broad enough to win over Senate Majority Leader Chuck Schumer, D-N.Y., House Speaker Nancy Pelosi, D-Calif., or progressives who have grown impatient with Biden’s efforts to reach a bipartisan deal. While Senate Minority Leader Mitch McConnell, R-Ky., has said he wants to pass a bipartisan infrastructure bill, he has also signaled he aims to block major pieces of Biden’s economic agenda.

Schumer’s and Pelosi’s offices did not immediately respond to requests to comment. A spokesman for McConnell did not immediately comment.

Democrats are working on more than one front to pass an infrastructure bill and implement the first piece of Biden’s economic recovery agenda. While the White House considers the bipartisan proposal, Democrats have started to set the groundwork to pass pieces of the president’s $2.3 trillion American Jobs Plan by other means.

One tool is the five-year, $547 billion surface transportation funding bill advanced by the House Transportation and Infrastructure Committee this week. Democrats could use the measure, which the House could vote on as soon as the end of the month, to approve parts of Biden’s agenda.

Biden has also urged Schumer and Pelosi to move forward with a budget resolution to set up the reconciliation process. By doing so, Democrats could pass an infrastructure bill without Republican support.

The path appears blocked for now. Sen. Joe Manchin, the West Virginia Democrat whose vote the party would need to approve legislation in a Senate split 50-50 by party, has stressed he wants to pass a bipartisan bill.

Manchin is one of the 10 negotiators in the Senate group.

It is unclear whether Democratic leaders would accept the bipartisan plan’s lack of spending on so-called human infrastructure, such as Biden’s plan to expand care for elderly and disabled Americans. The party could potentially weave those proposals into a separate bill based around Biden’s American Families Plan. The proposal focuses on child care, education and health care.

Democrats have argued the country needs to improve care programs alongside physical infrastructure because both would help Americans get back to work.

Biden has also called to hike the corporate tax rate to at least 25% to pay for the first piece of his recovery plan. However, Republicans said they would not alter their 2017 tax law, which cut the corporate rate to 21% from 35%.

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Categories
Health

The right way to Reopen Places of work Safely

Many American offices have been virtually empty for the past 15 months. Conference rooms and cubicles remained unused, elevators not called, files untouched. Whiteboards became time capsules. Succulents had to take care of themselves.

But many of these jobs will slowly come back to life in the coming weeks. According to a recent poll by the Partnership for New York City, around half of the million office workers in Manhattan are expected to return to their desks at least part-time by September.

Although the risk of contracting Covid-19 in the United States has decreased significantly – especially for those who are fully vaccinated – it has not completely gone and many workers remain nervous about going back to their desks. (Many others, of course, never had the luxury of working remotely.)

“If you’re still feeling uncomfortable or anxious, that’s totally understandable,” said Joseph Allen, a healthy building expert who teaches at Harvard TH Chan School of Public Health. “This pandemic has had a profound impact on all of us, and people will be ready to go back to life or interact with people at other times.”

But scientists have learned a lot about the virus over the past year, and there are some clear, evidence-based steps employers can take to protect their workers – and workers can take to protect themselves. Some of these strategies are likely to pay dividends that will last out of the current crisis.

“I think it’s important for us as a community, but also for individual employers, to think about these questions for more than just this week and this month,” said Alex Huffman, an aerosol scientist at the University of Denver. “How do we make decisions now that will continue to benefit the safety and health of our workplaces in the future?”

Although Covid-19 is the number one health problem, long-term building closures can pose their own risks. For example, unused sanitary systems can be colonized by Legionella pneumophila, bacteria that can cause a type of pneumonia known as Legionnaires’ disease.

“Long periods of standing, lukewarm water in pipes – the exact conditions in many understaffed buildings currently – create ideal conditions for the growth of Legionella,” said Dr. All.

Some schools have already reported that they found the bacteria in their water. In buildings with lead pipes or fittings, high amounts of the toxic metal can also accumulate in standing water. Employers can reduce both risks by flushing their faucets thoroughly or turning the water on and running before opening it again.

“We know that flushing water during periods of inactivity usually reduces lead levels and also reduces potential bacteria that can build up,” said Jennifer Hoponick Redmon, senior environmental health scientist at RTI International, a North Carolina-based nonprofit research organization. She added, “A general rule of thumb is 15 minutes to an hour of flushing for long-term closings, such as for Covid-19.”

The Centers for Disease Control and Prevention also recommend companies test for mold and pest infestation before reopening.

Since the coronavirus is believed to spread primarily through tiny airborne droplets, employers should upgrade their ventilation and filtration systems before bringing workers back, experts said.

“One thing you can do before going back to work is just ask them what they did,” said Dr. All. “And when you hear things like, ‘Yes, we hit code,’ it is an indication that something is wrong. They should exceed the minimum ventilation and filtration rates. “

In general, while the ideal rate of ventilation varies, employers should maximize the amount of fresh air that gets in from the outside, he said. In a relatively small room – about the size of a typical school classroom – employers should aim for four to six air changes per hour, which means that the air in the room is completely renewed every 10 to 15 minutes. Opening windows can also improve airflow.

Good quality air filters, such as those rated MERV 13 or higher, can trap a majority of the virus particles in the air. Some commercial buildings are not equipped for these high-performance filters; In these offices, portable air purifiers equipped with HEPA filters can be effective, experts said.

Updated

June 11, 2021, 10:35 a.m. ET

“These types of portable units are great at removing particles from space,” said Dr. Huffman. “And the next level is even a desktop-level HEPA filter where you have a really small unit that delivers clean air into your direct breathing zone.”

These personal units can be particularly useful in poorly ventilated offices, although experts stressed that it is employers, not employees, that should be responsible for improving indoor air quality.

While ventilation and filtration are critical, employers and property managers should stay away from fog machines, fumigators, ionizers, ozone generators, or any other “air cleaning device” that promises to neutralize the coronavirus by adding chemical disinfectants to the air. “These are all really terrible ideas about what to do with indoor air,” said Delphine Farmer, an atmospheric chemist at Colorado State University.

The compounds these products emit – which can include hydrogen peroxide, bleach-like solutions, or ozone – can be toxic, inflame the lungs, cause asthma attacks, and lead to other types of respiratory or cardiovascular problems. And there’s no rigorous, real-world evidence that these devices actually reduce disease transmission, said Dr. Farmer.

“A lot of employers now think – and school districts and property managers – think that using these devices they solved the problem,” said Dr. Farmer. “So then they don’t increase the ventilation rates or add other filters. And that means that people think they are safer than they actually are. “

Surfaces pose a minimal risk of coronavirus transmission, and unnecessarily applied disinfectants can also get into the air and be toxic if inhaled. In most normal workplaces, wiping the desk with bleach is likely to do more harm than good, said Dr. Farmer. (According to experts, some specific workplaces – such as hospitals, laboratories, or commercial kitchens – may still require disinfection.)

There is also no particular need for special antimicrobial wipes or detergents that can encourage the emergence of antibiotic-resistant bacteria and wipe out communities of benign or beneficial microbes. “As tempting as it is to sterilize everything, it will never happen and the consequences can be serious,” said Erica Hartmann, an environmental microbiologist at Northwestern University.

In the first few months of the pandemic, plastic barriers emerged in schools, shops, restaurants, offices, and other common areas. “They can be great for stopping the bigger droplets – they’re really big sneezers,” said Dr. Huffman.

But the smallest and lightest particles can simply float above and around them. These barriers “may not offer enough advantages to justify their costs,” said Martin Bazant, a chemical engineer at the Massachusetts Institute of Technology. They can even increase the risk of disease transmission by encouraging riskier behavior or obstructing airflow.

There are some environments where these types of barriers can still be useful. “It can be a really good idea for people who otherwise have very close personal contact, such as grocery store clerks at the cash register,” said Dr. Farmer. “But beyond that, in offices where you sit for a long time, there is no advantage in being in a plexiglass cage.”

Social distancing can still have some benefits; When an employee exhales infectious viruses, people sitting directly in that person’s breathing zone are likely to be exposed to the highest doses. “If you are sitting at a common table half a meter away from someone, there could be potential value in moving a little further away,” said Dr. Huffman.

But aerosols can stay in the air for hours and travel well over six feet, so moving desks further apart is likely to have diminishing returns. “Strict distancing orders like the six-foot rule protect little against long-distance aerial transmissions,” said Dr. Bazant, “and can convey a false sense of security in poorly ventilated rooms.”

In offices where most people are vaccinated and local case numbers are low, the benefits of distancing are likely to be minimal, scientists said. In higher-risk workplaces, de-compression should be considered or the number of people present at the same time – any of whom could be infectious – should be reduced. “For me, that was the biggest benefit of this indoor social distancing,” said Dr. Farmer. “There are just fewer potential sources of SARS-CoV-2 in a room.”

Organizations could allow a subset of employees to work from home indefinitely or on alternate days or weeks. You could also consider “cohorting” or creating separate teams of employees who do not have face-to-face interactions with those who are not on their team.

The formation of such cohorts could also facilitate the response if someone becomes infected with the virus, so that the affected team can be quarantined without having to close an entire workplace. “When thinking about reopening, do we have to think about what to do when we inevitably see a case?” said Justin Lessler, an infectious disease epidemiologist at Johns Hopkins University. “There are creative ways to reduce the impact.”

Regular hand washing, which can reduce the spread of all types of pathogens, is always a good idea. “The message at the beginning of the pandemic to wash your hands and wash your hands for at least 20 seconds – that is absolutely valid and still very important,” said Dr. Hartmann.

And if the office needs to be cleaned yourself, a mild detergent is usually enough, she adds, “Soap and water are great.”

Masks also remain effective. “If you are someone who has been vaccinated and is still afraid of going back to work, it is best to keep wearing a mask for the first few weeks until you feel more comfortable,” said Dr. All.

Scientists recommended that unvaccinated workers continue to wear masks in the office. But for those eligible, the most effective risk reduction strategy is obvious, said Dr. Allen: “Number one is to get vaccinated.”

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Health

5 issues to know earlier than the inventory market opens Friday, June 11

Here are the most important news, trends and analysis that investors need to start their trading day:

1. S&P 500 looks to add to Thursday’s record close

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York, April 16, 2021.

Carlo Allegri | Reuters

U.S. stock futures rose Friday, one day after the S&P 500 logged its 27th record close of 2021 but its first since May 7. Shaking off a red-hot inflation report, the Dow also rose Thursday, breaking a three-session losing streak and finishing less than 1% from last month’s record close. The Nasdaq’s gain Thursday brought the tech-heavy index within 1% of its last record close in late April.

Ahead of Friday’s open on Wall Street, the Nasdaq was up 1.5% for the week, on pace for a fourth straight weekly gain for the first time since January. The S&P 500 was looking to clinch a three-week winning streak. The Dow was off 0.8% for the week, on track to break two positive weeks in a row.

The 10-year Treasury yield ticked lower Friday, trading just above 1.4%, around its early March lows before it spiked above 1.7% to 14-month highs later that month.

2. Meme stocks get some relief after hitting a wall

SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers.

Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images

Meme stocks were getting some relief early Friday after hitting a wall Thursday. Shares of GameStop, which tanked 27% on Thursday, rose 6% in the premarket. GameStop investors seemed to be running for the exits Thursday, one day after the video game retailer announced the appointments of two former Amazon executives as CEO and CFO and said it may sell as many as 5 million additional shares to raise money. GameStop — off about 50% from its $483 per share all-time high in January — remained up nearly 1,100% in 2021. Last week’s big winner, AMC Entertainment, rose 4% in Friday’s premarket after closing down 13% on Thursday. The stock — down more than 40% from last week’s all-time high of $72.62 — was still up 1,900% this year.

3. Biden, G-7 leaders to endorse a global minimum corporate tax

U.S. President Joe Biden poses for a picture during a meeting with Britain’s Prime Minister Boris Johnson (not pictured) ahead of the G7 summit, at Carbis Bay, Cornwall, Britain June 10, 2021.

Toby Melville | Reuters

President Joe Biden and G-7 leaders will publicly endorse a global minimum corporate tax of at least 15% on Friday, one piece of a broader agreement to update international tax laws for a globalized, digital economy. Meeting at a resort in the U.K., the world leaders will also announce a plan to replace Digital Services Taxes, which targeted the biggest American tech companies, with a new tax plan linked to the places where multinationals are actually doing business, rather than where they are headquartered. The White House also said G-7 leaders will agree to “continue providing policy support to the global economy for as long as necessary to create a strong, balanced, and inclusive economic recovery.”

4. Two Royal Caribbean passengers test positive for Covid

A file photo shows the Celebrity Millennium cruise ship at Kai Tak cruise terminal in Kowloon Bay.

Felix Wong | South China Morning Post | Getty Images

Royal Caribbean said late Thursday that two guests onboard its Celebrity Millennium ship tested positive for Covid. According to the cruise operator, which didn’t reveal their ages, the passengers were asymptomatic and in isolation. Celebrity Millennium was one of the first cruises in North America to restart sailing last week. In lifting the more than one year pandemic halt, the CDC required a fully vaccinated crew and everyone over 16 to present proof of vaccination. In the early days of Covid last year, cruise ships became hotbeds for the coronavirus.

5. Tesla begins deliveries of its new Model S Plaid

Tesla Model S Plaid

Source: Tesla

Tesla kicked off deliveries of its new Model S Plaid, with a livestream event Thursday night at the electric auto maker’s test track near its Fremont, California factory. CEO Elon Musk made his entrance by driving a Model S Plaid around the track and onto the stage. Musk, in weeks before the even, hyped the months-delayed vehicle as the “quickest production car ever made.” The Model S Plaid, a high-performance version of Tesla’s flagship sedan, starts at $129,990 compared with $79,990 for a long-range 2021 Model S. On Sunday, Musk tweeted that Tesla canceled the $150,000 Model S Plaid Plus, saying there was “no need, as the Plaid is just so good.”

— Reuters contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.

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World News

G-7 leaders to pledge 1 billion doses of Covid vaccines to poorer nations

LONDON – The G-7 leaders are expected to pledge 1 billion doses of coronavirus vaccine to poorer nations this weekend to allay concerns about vaccine nationalism.

The world’s most advanced economies – as the G-7 defines itself – have been criticized for not sharing more vaccines with countries that have fewer resources. For example, the United States has a legal requirement that it cannot send vaccines abroad until it has reached satisfactory levels of vaccination within its borders. The UK and the EU have also received similar criticism.

However, the G-7 countries – the US, UK, Canada, France, Germany, Italy and Japan – want to end the pandemic next year and will increase their individual contributions, according to a statement released by the UK government on Thursday.

The UK already announced on Thursday that it would donate at least 100 million surplus coronavirus vaccine doses within the next year. The United States also announced earlier this week that it would donate 500 million doses of the Pfizer BioNTech shot to low-income countries.

On Thursday, EU Commission President Ursula von der Leyen, who will represent the EU in the G-7, also said: “We are signing the G-7’s goal of ending the pandemic by 2022 through increased global vaccination.”

Sharing vaccines is described by health officials as the only way to end the pandemic completely. Because as long as the virus exists, it can mutate and spread around the world. At the same time, measures like lockdowns and social distancing are likely to continue to affect global economic performance.

According to the Johns Hopkins University, there have been more than 174 million cases of Covid-19 and more than 3.7 million deaths worldwide since the pandemic broke out in early 2020.

The pandemic is at the center of discussions among G-7 leaders, whose three-day summit in Cornwall, England, kicks off on Friday.

In this context, the US surprised other heads of state and government last month by supporting the waiver of intellectual property rights for Covid vaccines.

Health experts, human rights groups and international medical charities argue that this is vital to urgently addressing the global vaccine shortage amid the pandemic and ultimately avoiding a prolongation of the health crisis. However, vaccine makers say this could disrupt the flow of raw materials and result in less investment in health research by smaller biotech innovators.

This opinion is also shared by some EU leaders, in particular French President Emmanuel Macron and German Chancellor Angela Merkel.

Categories
Politics

Eighty Years Later, Biden and Johnson Revise the Atlantic Constitution for a New Period

CARBIS BAY, UK – UK President Biden and Prime Minister Boris Johnson signed a new version of the 80-year-old Atlantic Charter on Thursday, using their first meeting to redefine the Western alliance and what they see as the growing divide between troubled democracies and their autocratic rivals, led by Russia and China.

The two leaders unveiled the new charter as they tried to draw the world’s attention to emerging cyberattack threats, the Covid-19 pandemic that has turned the global economy on its head, and climate change it would hoped make clear that America First’s Trump era was over.

But the two men continued to grapple with old world challenges, including Mr Biden’s private admonition to the Prime Minister to take action that could spark sectarian violence in Northern Ireland.

The new charter, a 604-word declaration, was an attempt to outline a grand vision for global relations in the 21st century, just like the original, first drafted by Winston Churchill and Franklin D. Roosevelt, a declaration for a western one Commitment was to democracy and territorial integrity just months before the United States entered World War II.

“It was a policy statement, a promise that the UK and United States will meet the challenges of their time and that we will meet them together,” said Biden after his private meeting with Mr Johnson. “Today we are building on that commitment with a revitalized Atlantic Charter that has been updated to reaffirm that promise while addressing directly the key challenges of this century.”

The two men met at a seaside resort on the Cornish coast in England while Royal Navy ships were patrolling to protect the in-person meeting of the Group of 7 Industrialized Leaders, clearly trying to put themselves in the shape of Churchill and FDR . Looking at a small display of the original Atlantic Charter agreed on aboard a ship off Newfoundland in August 1941, less than four months before the attack on Pearl Harbor, Mr. Johnson noted that “this was the beginning of the alliance and “NATO.”

But Mr Biden’s advisors said they thought the charter had grown musty and did not reflect a world of diverse challenges – from cyberspace to China – in which Britain is a greatly reduced power.

Where the original charter provided for the “ultimate destruction of Nazi tyranny” and demanded freedom “to cross the high seas and oceans unhindered”, the new version focused on the “climate crisis” and the need to “protect biodiversity” . It is peppered with references to “emerging technologies”, “cyberspace” and “sustainable global development”.

As a direct reprimand for Russia and China, the new agreement calls on the Western allies to “resist interference through disinformation or other malicious influences, including in elections”. She assesses the threats to democratic nations in a technological age: “We reaffirm our shared responsibility for maintaining our collective security and international stability and resilience against the full spectrum of modern threats, including cyber threats.”

And it promises that “NATO will remain a nuclear alliance as long as there are nuclear weapons. Our NATO allies and partners will always be able to count on us, even if they continue to strengthen their own national armed forces. “

It would be hard to imagine that Mr Johnson, who nurtured his relationship with President Donald Trump, would sign such a document in the Trump era. Nonetheless, he is clearly addressing Mr Biden, who was born barely two years after the first charter was signed and who throughout his political life embraced the alliance it created.

The new charter specifically urges both countries to abide by “the rules-based international order,” a phrase that Trump and his staff tried unsuccessfully to banish from previous statements by Western leaders, believing it was a globalist threat represented Mr. Trump’s America First Agenda at home.

Updated

June 11, 2021 at 12:31 p.m. ET

Mr Biden also used his first full day abroad to officially announce that the United States will donate 500 million doses of the Pfizer BioNTech Covid vaccine to 100 poorer countries, a program that, according to official figures, will donate US $ 3.5 billion. Would cost $ 2 billion, including $ 2 billion in donations to the previously announced Covax consortium.

“Right now, our values ​​are asking us to do everything in our power to vaccinate the world against Covid-19,” said Biden. He brushed aside concerns that his government would use vaccine distribution as a diplomatic weapon in the world market.

“The United States is making these half a billion doses available without any conditions,” he said. “Our vaccine donations do not involve pressure for favors or possible concessions. We do this to save lives. To end this pandemic. That’s it. Period.”

But the donation, which is presented as a humanitarian action that was also in the US’s own interest, also carries a political message. Mr Biden’s advisors say this is a strong demonstration that democracies – and not China or Russia – are able to respond to the world’s crises, faster and more effectively.

By taking the lead in efforts to vaccinate the world and make resources available to meet its greatest public health challenges, officials said the United States is regaining a role it has been playing since the end of World War II tried to play.

Desperate to use the summit as a showcase for a post-Brexit identity with the Global Britain brand, Mr Johnson has also outlined ambitious plans to end the pandemic. Ahead of the summit, Mr Johnson urged leaders to commit to vaccinating everyone in the world against the coronavirus by the end of 2022.

Public health experts applauded Mr Biden’s announcement. If previous donations had been little more than a patch on a huge global vaccine deficit, the 500 million doses were more in line with the scale of the challenge, they said.

The announcement came when Covax, the vaccine-sharing partnership, struggled to deliver enough doses, especially as India blocked supplies from a large factory there to speed up its domestic vaccination campaign. Covax has shipped 82 million cans, less than a fifth of the shipment it expected by June.

But it continues to be difficult to get doses into people’s arms. Public health officials around the world have urged wealthy nations to start distributing their donations soon, rather than releasing additional doses at once later this year so that countries can administer the doses when they arrive.

In his meeting with Mr Johnson, Mr Biden also dealt with an old subject that he knows well: the British Territory of Northern Ireland. It first erupted as a source of tension between Mr Biden and Mr Johnson during the 2020 presidential campaign when Mr Biden warned on Twitter that “we cannot allow the Good Friday Agreement that brought peace to Northern Ireland to be sacrificed”. of Brexit. “He added that any trade deal between the United States and Britain would depend on preventing the return of a hard border between Northern Ireland and Ireland that lies within the European Union.

As a proud Irish American who loves to quote poetry by Yeats, Mr. Biden’s loyalty on this matter has never been in question. They are in stark contrast to Trump, who campaigned for Brexit and once urged Johnson’s predecessor Theresa May to sue the European Union. Mr Biden, on the other hand, described Brexit as a mistake.

The problem is that post-Brexit trade tensions in Northern Ireland have only increased since the election of Mr Biden. The UK has blamed the European Union for trade disruptions that resulted in some supermarket shelves in Northern Ireland being empty after the UK officially exited the bloc in January.

Negotiations over the arrangements, known as the Northern Ireland Protocol, are increasingly controversial, with Britain threatening to pull the plug if Brussels does not make concessions. Last week, the most senior American diplomat in London, Yael Lempert, bluntly expressed government concerns over mounting tensions against British Brexit chief negotiator David Frost.

News of the meeting surfaced in the Times of London on Wednesday evening when Mr Biden arrived in the country. While some analysts predicted it would overshadow Mr. Biden’s meeting with Mr. Johnson, others indicated that it served a purpose – publicly registering American concerns in a way that saved Mr. Biden the need to highlight the point in person.

White House officials have gone out of their way to say they do not want to be drawn into a dispute between London and Brussels. At the same time, they leave no doubt as to the depth of Mr. Biden’s feeling for the Good Friday Agreement conveyed through one of his Democratic predecessors, Bill Clinton.

“He’s not making threats or ultimatums,” National Security Advisor Jake Sullivan told Air Force One reporters. “He will simply convey his ingrained belief that we stand behind this protocol and must protect it.”

Mark Landler contributed the coverage from Falmouth, England, and Benjamin Mueller from London.

Categories
Health

Vaccinated Adults Helps Defend Unvaccinated Kids, Research Finds

New data from Israel, which had the fastest Covid-19 vaccine rollout in the world, provides real evidence that widespread vaccination against the coronavirus can protect unvaccinated people as well.

The Israeli study, published Thursday in the journal Nature Medicine, capitalized on the fact that until recently Israel only vaccinated people 16 and older. For every 20 percentage points increase in the proportion of 16 to 50 year olds vaccinated in a community, the proportion of unvaccinated under 16 year olds who tested positive for the virus fell by half.

“Vaccination not only offers benefits to the individual vaccine, but also to the people around them,” said Roy Kishony, a biologist, physicist and data scientist who studies microbial evolution and disease at the Technion-Israel Institute of Technology. Dr. Kishony led the research with Dr. Tal Patalon, who heads KSM, the Maccabi Research and Innovation Center, in Israel. The first authors of the paper are Oren Milman and Idan Yelin, researchers in Dr. Kishony’s laboratory.

Israel began vaccinating adults in December last year. Within nine weeks, it had vaccinated nearly half of its population.

The researchers examined the anonymized electronic health records of members of Maccabi Healthcare Services, an Israeli HMO. They analyzed vaccination reports and virus test results between December 6, 2020 and March 9, 2021. The records were from 177 different geographic areas with different vaccination rates and vaccination rates.

For each community, they calculated the proportion of adults between the ages of 16 and 50 who were vaccinated at different times. They also calculated the percentage of children under the age of 16 who tested positive for PCR.

They found a clear connection: As more and more adults were vaccinated in a community, the proportion of children who tested positive for the virus fell as a result.

People who are vaccinated are significantly less likely to contract the virus. Research also suggests that even if people who have been vaccinated become infected with the virus, they may have lower viral loads, which reduces their ability to be contagious. As more and more people are vaccinated, the likelihood that unvaccinated people will encounter infected, contagious people is decreasing.

“The results are consistent with the fact that vaccinated people not only do not get sick themselves, but also do not transmit the virus to others,” said Dr. Kishony. “Such effects can be intensified over several infection cycles.”

In another recent article that has not yet been published in a scientific journal, Finnish researchers reported that after vaccinating health workers, even unvaccinated family members were less likely to be infected with the virus.