Categories
Health

WHO says it urgently wants $7.7 billion to assist poorer nations survive delta Covid variant

Director General of the World Health Organization Tedros Adhanom Ghebreyesus on July 28, 2021.

Jaber Abdulkhaleg | Anadolu Agency | Getty Images

The World Health Organization is calling for $ 7.7 billion, which officials say is badly needed to help low-income countries survive the Delta-Covid variant through the provision of vaccines, oxygen and medical care.

The funds will be used for the WHO’s Access to Covid-19 Tools program, or ACT, accelerator program that provides critical medical supplies to fight the coronavirus worldwide, said Dr. Bruce Aylward, senior advisor to the WHO director-general, during a question and answer session with WHO officials, streamed a live stream on their social media accounts on Tuesday.

Aylward said the funds are needed to partially cover a $ 16.8 billion shortfall that hampers WHO’s ability to fight the pandemic in developing countries with little or no access to vaccines.

“Aside from the moral question – people shouldn’t die if the technology is available elsewhere, you know, technology should help humanity as a whole – there is also the problem that we can’t solve this pandemic in one country at a time. “Said Dr. Mariangela Simao, WHO Deputy Director General for Access to Medicines, Vaccines and Medicines.

“That’s the reality,” she continued. “We have to help the countries move closer together. Otherwise we will live with this virus much longer than necessary.”

WHO officials have set a goal to vaccinate at least 10% of the world’s population by the end of September, at least 40% by the end of this year, and 70% by the middle of next year. Some nations around the world have not yet started their vaccination campaigns, while wealthier countries like the US and Israel have already fully vaccinated more than half of their populations.

Aylward said people in poorer countries who have a fever or other symptoms don’t have the test materials to know if it’s Covid or other diseases like malaria, tuberculosis, pneumonia or HIV. In addition to providing doses of vaccine, Aylward said the funding will also include Covid testing, oxygen treatments and masks.

Wealthy nations have spent trillions of dollars to mitigate the effects of the pandemic, he said. “Your economy tells you to vaccinate the world and of course we didn’t listen,” he said.

The WHO previously said it was in dire need of $ 7.7 billion to run the ACT Accelerator, and at that point was calling for an additional $ 3.8 billion to buy 760 million doses of Covid vaccine for delivery the next Year, reported Reuters.

“This is the defining moment of our time,” said Aylward. “At some point we look back and that will be the question: How did you behave in those crucial moments?”

Categories
World News

Algerian Troopers Die Combating Wildfires, President Says

ALGIERS, Algeria – At least 25 Algerian soldiers were killed to save residents from forest fires that devastate mountain forests and villages east of the capital, the president said Tuesday evening as the civilian death toll rose to at least 17 from the fires.

President Abdelmadjid Tebboune tweeted that the soldiers had saved 100 people from the fires in two areas of Kabyle, the region where the Berbers of the North African nation live. Eleven other soldiers were burned while fighting the fires, four of them seriously, the Ministry of Defense said.

Prime Minister Aïmene Benabderrahmane later said on state television that 17 civilians lost their lives, bringing the total death toll to 42. He didn’t make any details.

The Kabyle region, about 60 miles east of Algeria’s capital, Algiers, is littered with inaccessible villages. Some villagers fled, others tried to hold back the flames themselves with buckets, branches and rudimentary tools. There are no water dumping planes in the region.

The prime minister told state television that initial reports from security services showed that the fires in Kabyle were “highly synchronized”, adding that this “leads one to believe that it is criminal activity”. Interior Minister Kamel Beldjoud, who had traveled to Kabyle, also blamed arson for the fires.

No details were immediately released to explain the high death toll in the military.

Dozens of fires broke out in Kabyle and elsewhere on Monday, and the Algerian authorities sent the army to help citizens fight the fires and evacuate. A 92-year-old woman who lives in the Kabyle mountain village of Ait Saada said the scene on Monday night looked like “the end of the world”.

“We were scared,” Fatima Aoudia told The Associated Press. “The entire hill has been turned into a huge flame.”

Climate scientists say there is little doubt that the burning of coal, oil and natural gas causes climate change to cause extreme events such as heat waves, droughts, forest fires, floods and storms. Worsening drought and heat, both related to climate change, are leading to forest fires in the American west and Russia’s northern region of Siberia. Extreme heat is also fueling the massive fires in Greece and Turkey.

Categories
Health

What to Know About Breakthrough Infections and the Delta Variant

“Long Covid” is a poorly understood set of symptoms that can plague people for several months after an active infection has ended. While those symptoms eventually resolve in many patients, “there are this subset of people who have long Covid who just aren’t able to recover at all,” said Akiko Iwasaki, an immunologist at Yale University.

Only a couple of small studies have investigated how common or severe long Covid may be after breakthrough infections. It is likely to be rare, Dr. Iwasaki said, because breakthrough infections are uncommon to begin with and shorter in duration.

In one study in Israel, about seven of 36 people with breakthrough infections had persistent symptoms for more than six weeks. And in a survey of Covid-19 survivors, 24 of 44 people with a symptomatic breakthrough infection reported lingering problems.

“We really need a wider national or even international survey,” Dr. Iwasaki said.

If you get through a breakthrough infection relatively unscathed, you are likely to walk away with more robust protection against variants. The infection essentially acts as a booster shot, researchers say, strengthening your immune system’s ability to recognize and fight the virus.

Studies have shown that when people who recover from Covid-19 receive even one dose of a vaccine, their antibody levels skyrocket. “I expect similar things would happen when you have a breakthrough infection,” Dr. Iwasaki said.

The vaccines train the immune system to recognize a piece of the original virus, a strategy that may leave us vulnerable to future variants. But every exposure broadens the repertoire of immunity, Dr. Mina said.

Eventually, through booster shots or through repeated infections, our bodies will gain an education in the virus sufficient to counter versions with new mutations, he said, adding, “But we’re not there yet.”

Categories
Politics

In Resignation Speech, Cuomo Makes a Final Play to Protect His Legacy

But as it became clearer that the State Assembly intended to seek impeachment, the situation became less tenable. Under New York rules, if the congregation is charged, a governor must resign before a Senate trial has reached a verdict. Mr. Cuomo, used to the trappings of power, would have been reluctant to stand trial as a private individual, say people who know him.

“Today was about giving him 14 days to figure out the next phase of his life, as opposed to an impeachment vote that would have triggered his immediate removal from his actual home and the Executive Chamber,” said State Senator Todd Kaminsky, a Nassau. Democrat district.

“He wants to go on his own terms and he wants it to be as convenient and unembarrassing as possible, and he bought himself 14 days for it,” he added. “I don’t think voters think any differently about the deeds, the disgusting behavior in the attorney general’s report.”

When asked whether Mr. Cuomo could run again, Mr. Kaminsky replied: “I absolutely don’t think so.”

Just before Mr Cuomo spoke on Tuesday, his lawyer Rita Glavin made a lengthy presentation criticizing the news media and explaining the details of the report.

After she laid the foundation, Mr. Cuomo came on his own defense. The political environment was to blame for his predicament, he claimed.

Even on the verge of stepping down, Mr Cuomo seemed to believe that if he had only had more time, he could have won in the public opinion court.

“This is about politics, and our political system is now too often driven to extremes: rash has replaced reasonableness, loudness has replaced solidity,” he said. “If I could communicate the facts through the frenzy, New Yorkers would understand. I believe that.”

MP Ritchie Torres, a Bronx Democrat, compared Mr Cuomo’s trajectory to a Greek tragedy.

“It is the steepest collapse in the history of government policy,” he said. “And as with all Greek tragedies, hubris is the focus.”

Categories
Health

Choose might unseal some psychological well being data in Elizabeth Holmes case

Former Theranos CEO Elizabeth Holmes (center) and her lawyer are leaving the court on June 15, 2021. Holmes is due to stand trial later this year on wire fraud and other charges.

CNBC

The federal judge in the fraud case of former Theranos CEO Elizabeth Holmes is considering unsealing details of her psychological assessment as part of a media request to make parts of her case public.

Dow Jones & Co., publisher of the Wall Street Journal, petitioned the court to unseal documents in the Holmes case. Dow Jones attorneys said that around 40% of the documents in Holmes’ case are kept under lock and key.

“This is a very significant amount of material, as the court is painfully aware,” said John Cline, a Holmes attorney, during the hearing on Tuesday. “And Ms. Holmes’ view is that a significant portion of it can likely be unsealed at this point, but not all of it.”

The federal prosecutors support the motion to unseal parts of the case, stating that Holmes must be prepared if they are planning a mental health defense.

“The main thing we are dealing with is the continued sealing at the current level, including high-level issues including the defense of Ms. Holmes under Rule 12.2, and that hinders the preparation of the process by the government,” said Kelly Volkar, an assistant US attorney. Indication of a psychological defense. “The question is how far the seal will go.”

Prosecutors had Holmes examined by a psychological expert after defense lawyers announced that they were planning to hire a clinical psychologist to testify about a “mental illness or defect” related to the guilt issue.

Another set of documents that can potentially be unsealed is why Judge Edward Davila separated the trials of Holmes and her co-defendant Ramesh “Sunny” Balwani. Balwani was her business partner and served as COO at Theranos. The couple had a romantic relationship but never revealed it to their investors.

Holmes and Balwani’s relationship reportedly ended around the same time he left Theranos.

“I will reiterate that Mr. Balwani has never requested that any part of these trial files be filed under lock and key,” said Jeffrey Coopersmith, a Balwani attorney. “Dow Jones has had a sealed filing notification for a year and a half. You are filing this now. I think we understand why, they like to sell newspapers. It is on the eve of the trial of Ms. Holmes.”

Holmes and Balwani both face a dozen criminal wire fraud and conspiracies to bring wire fraud charges. Prosecutors say the two misled patients, doctors and investors about Theranos’ blood testing technology. Neither of them pleaded guilty.

In a July interview with CNBC, former Wall Street Journal reporter who exposed the Theranos scandal, John Carreyrou, said Holmes’ defense strategy may be blamed on her ex-boyfriend.

“A large part of her defense now seems to be blaming Sunny, basically telling the jury that Sunny kept her in his psychological grip,” said Carreyrou. “Your defense plans to take on the case that he was the older friend, 19 years older, who was really the puppeteer here, and she was the puppet. And obviously they’re going to see a psychologist to sort this out.”

Davila ordered Holmes and Balwani’s lawyers to look into which documents could be unsealed and redacted by the end of the week.

Categories
Entertainment

Meet the Macabre Forged of Tim Burton’s Wednesday

When we first heard in February that Netflix was partnering with Tim Burton for a new Addams Family series called Wednesday, we loved it. Then it got even more exciting when we found out The babysitter: killer queen‘s Jenna Ortega had taken the title role. Having already proven her supernatural abilities with the Netflix horror movie, it seems like the perfect pick for the dry and macabre Wednesday Addams.

The young adult series is slated to follow on Wednesday while she studies at the mysterious Nevermore Academy. As if dealing with a new school and new psychological skills weren’t already difficult, Wednesday must also save the local town as she tries to solve the mystery her parents were involved in 25 years ago. Directed by Burton and created by Alfred Gough and Miles Millar, we are busily counting the days until the eight-part series graces our screens. Until then, you can check out the rest Wednesday‘s cast, including who will play the legendary Morticia and Gomez Addams.

Categories
Politics

Eric Adams privately indicators he is open to working with Amazon if he turns into mayor

Democratic mayoral nominee Eric Adams has privately signaled he’s open to strengthening New York’s relationship with Amazon and other tech giants if he wins election in November, according to people familiar with recent conversations he has had with business leaders.

Adams’ openness to fostering stronger ties with Amazon comes as the e-commerce giant looks to expand its footprint in New York after a deal for a headquarters in Queens was scrapped in 2019.

Adams is favored to win the mayor’s race over Republican Curtis Sliwa.

Amazon bolted on the plan to build in the Long Island City section of Queens after strong resistance from progressive lawmakers, including Rep. Alexandria Ocasio-Cortez, D-N.Y. Amazon had promised to create at least 25,000 jobs, but critics said the company was getting too many tax breaks and was not involving the local community.

Mayor Bill de Blasio, who was a proponent of the original deal, blasted Amazon after it pulled out, taking direct aim at its billionaire founder and then-CEO Jeff Bezos.

“The retail giant’s expansion in New York encountered opposition in no small part because of growing frustration with corporate America,” de Blasio wrote in a New York Times op-ed at the time. “For decades, wealth and power have concentrated at the very top. There’s no greater example of this than Amazon’s chief executive, Jeff Bezos — the richest man in the world.”

De Blasio and his team were approached in 2020 during the coronavirus pandemic by allies in the business community about resuming high level talks with Amazon, including potentially speaking with Bezos himself, according to a person briefed on the matter. De Blasio signaled he wasn’t interested, this person noted.

These people declined to be named in order to speak freely about private conversations. A spokesperson for de Blasio did not return requests for comment.

Even without the deal, the tech giant and others have found ways to expand in New York. Amazon’s spokesman said it has created more than 34,000 jobs in New York. Google says it plans to invest $250 million in New York with more jobs on the way. Facebook is leasing a ton of New York office space.

Amazon, though, appears to be ready to expand its presence even further. In an email, spokesman Zachary Goldsztejn said Amazon is looking to invest more in the Empire State and work with the local officials, including newly elected leaders. He noted that the company has created over 34,000 jobs in the state.

A spokesman for Adams did not deny that the Democratic nominee is hoping to work with Amazon and other tech behemoths but noted he’s only willing to engage with businesses that have the interests of New Yorkers in mind.

“Eric has made clear that he believes believes businesses of all sizes should be welcome here in New York as long as they have the interests of working people in mind,” Evan Thies, a spokesman for Adams, told CNBC in a statement. “As mayor, Eric will create the environment for business to grow and have a home in order to lift up the middle income and working class New Yorkers who need their economy to work for them.”

Adams himself said during the Democratic primary campaign that he would have supported a deal with Amazon in Long Island City, with certain provisions.

“I would’ve supported building the Amazon deal in Queens with modifications,” Adams told The New York Times at the time. “I would have allowed them [local residents] to be part of the community benefits agreement. Allowed them to be a part of the type of jobs, employments for the young people in that area, the retraining. I would have ensured that we would’ve have decent, prevailing wages, good benefits and New York could’ve led the way. And really, I believe, change the way Amazon’s method of doing business.”

Amazon could also be interested in working with a newly led City Hall for another reason. Its new CEO, Andy Jassy, was raised in suburban Scarsdale.

When he was running Amazon Web Services, Jassy in 2014 returned to the town where he graduated high school to address the community.

Asked who inspired him at the time, Jassy said: “My boss Jeff Bezos,” according to a local news report of the event. “He is the most brilliant thinker I know, he is unbelievably creative, has technical acumen and unusual empathy for the customer.”

Categories
Health

Covid vaccines required for journey, unvaccinated folks do not prefer it

Unvaccinated people are eager to travel again. But more and more, the rules make that harder.

Travelers are increasingly required to show proof of vaccination before they can cruise, book group tours, avoid quarantines, or vacation to tropical islands. Beyond that, vaccines are needed for everyday activities including attending some universities, returning to the workplace or eating in restaurants.

More cities and companies — from Paris to New York, from Disney to Fox Corp. — are issuing vaccine requirements of one sort or another, paving the way for others to follow.

The new rules fall short of true mandates, since people can often avoid them by submitting to rigorous testing and safety protocols. But the “near-mandates,” as they are being called, have the practical effect of making life logistically difficult for some unvaccinated people.

Vaccine-based rules have more support in Europe, but Americans are divided over them. The latest CNBC All-America Economic Survey found 49% favoring mandates and 46% opposing them. Views were sharply divided by age and political affiliation, with nearly 80% of unvaccinated people against them.

CNBC interviewed nearly a dozen unvaccinated travelers. A complex picture of their views emerged, highlighting fears, frustrations and an indifference toward vaccines and the restrictions that require them.

Waiting it out

Several people who oppose mandatory vaccines said they resent being grouped with so-called “anti-vaxxers.” Among them was a mental health counselor from the U.S. South, who asked not to be named due to her occupation.  

She said she is vaccinated against other diseases, and her children are as well. “I’m not anti-vaccine at all,” she said.

But she’s “against these rushed vaccines,” referring to the ones designed to combat Covid.

A mental health counselor from the Deep South was one of several people CNBC interviewed who expressed concern that the vaccines were not yet approved by the U.S. Food and Drug Administration.

Wolfgang Kumm | picture alliance | Getty Images

She travels monthly and fears catching the virus. Vaccine-based restrictions haven’t impeded her ability to travel, but she’s concerned they could, especially since her spouse is European. She said Covid tests “make more sense” — an argument which gained traction in The Atlantic last week — and are more equitable for those who can’t or won’t vaccinate.

“I will continue to wait it out and hope that over time a less desperate and more logical approach will arise,” she said. “When and if these vaccines are proven safe, I will get one.”

Singaporean Ng Syn Jae agrees. Singapore is on target to have 80% of its population vaccinated by next month, but the 27-year-old said he won’t be among them.

From Aug. 10, vaccinated people in Singapore can dine in restaurants again, while most unvaccinated adults and teenagers cannot.

Suhaimi Abdullah | NurPhoto | NurPhoto | Getty Images

Ng said he feels the vaccines being administered in Singapore — from Pfizer BioNTech and Moderna — are still in “an experimental stage.” He said he’s worried about possible long-term negative side effects, a fear expressed by others who spoke to CNBC.

The World Health Organization, the U.S. Food and Drug Administration and other health agencies around the world do not share those worries. They’ve said repeatedly that approved vaccines, including those from Pfizer BioNTech and Moderna, are safe and effective against Covid-19 and existing variants.

Covid vaccines have been administered in 199 countries around the world with 30% of the global population having received at least one shot, according to the Our World in Data project at The University of Oxford.

Travel mandates likely would encourage Ng to get vaccinated, he said, though he feels they are unethical. He said he would likely opt for the Chinese-made Sinovac vaccine because “the technology the vaccine uses is older” than the newer mRNA vaccines.

He said he will vaccinate “when the vaccine companies show they have done all the proper safety tests —and then, I might wait even longer.”

Frustrated, but not angry

Bert Valdez, a professional surfer living in Hawaii, isn’t vaccinated and doesn’t plan to be.

“It’s a drug, and we were always told not to do drugs,” he said.

His travel experience is wide — coastal locations including Tahiti, Fiji, Taiwan, Mexico and Costa Rica. He acknowledged that his decision not to get vaccinated will probably limit his ability to compete and earn money in the future.

This is not going to kill me.

Valdez said he’s frustrated, but not angry, about vaccine-based travel restrictions, which he said will be short-lived because the “people in power won’t be much longer,” both in the United States and abroad. He did not elaborate on how or why this global transition of power would occur.

Despite scientific evidence to the contrary, he said he believes vaccinated people are spreading the Covid variants while unvaccinated people take the blame.

According to the U.S. Centers for Disease Control and Prevention, unvaccinated people are much more likely to contract and transmit the virus that causes Covid-19, including the highly contagious delta variant.

As for the pandemic itself, Valdez said he laments how anger is dividing families and friends. He’s less worried about himself, but more for his three daughters.

“I’ve been through a lot in my life,” he said. “This is not going to kill me.”

Fearing the vaccine more than the virus

Beegy Morter lives in Dallas and described herself as a practitioner of “energy medicine.” She isn’t happy about vaccine-based travel restrictions. She said she can’t take vaccines because she’s allergic to a preservative they contain.

“I do feel discriminated” against, the 77-year-old told CNBC. “I’m not anti-vaxx — I’ve just done the research.”

Morter also said she has trouble wearing masks. They make her dizzy, so she avoids stores that require them.

“I would rather take my chances…”

She’s been given the “cold shoulder” by people who discover she’s unvaccinated, she said. She described encounters which mirror reports of rising resentment and hostility toward the unvaccinated.

Even without her allergy, Morter said she still wouldn’t get vaccinated. For one thing, she doesn’t fear getting Covid, she said.

“The survival rate of catching Covid is so good,” she said. “I would rather take my chances … than take the vaccine.”

U.S. officials have repeatedly contradicted views like hers about the risk Covid poses toward the unvaccinated. The vast majority of Covid-related hospitalizations and deaths in the United States are now occurring among unvaccinated people.

How Americans are responding to Covid variants

Likely to wear masks     Likely to avoid large gatherings
Vaccinated 62% 61%
Unvaccinated 37% 40%
Source: KFF Covid-19 Vaccine Monitor

Yet Morter isn’t alone. A new report by the Kaiser Family Foundation shows 53% of unvaccinated adults in the United States fear the vaccines more than the disease itself.

Unvaccinated people are also less worried about getting “seriously sick” from Covid (73%) than vaccinated people (61%), according to the report.

‘Stubborn’

Dan Morris of Dunedin, Florida, said his plans to visit Australia this year are looking “extremely unlikely.”

He understands not getting vaccinated won’t help, since “there’s talk of [Australian authorities] not being willing to take unvaccinated people in the future” too.

Morris said he has “a range of reasons” for his decision, including having “a messed-up immune system” due to Crohn’s Disease, and concerns that mutations are making the vaccines less effective.

When asked if that was a circular argument — i.e., refusing vaccines because they may not be as effective against variants which, in turn, are more likely to develop if people refuse the vaccines — Morris said:

“Yes, if it is true that mutations are more likely or mostly occurring in the unvaccinated, then ‘the vaccines are continuing to mutate’ is not a great argument … I would be contributing to the problem. However, I think the mutations are going to come whether I vax or not.”

I’m really not bothered at all by the various restrictions…

The WHO has repeatedly said that Covid-19 vaccines are safe and life-saving. “One of the best ways of guarding against new variants is to continue… rolling out vaccines,” according to the WHO’s website.

In the meantime, Morris said he’s fine to wait years for long-term studies to be published. As to whether he would vaccinate to visit Australia, he isn’t budging.

“Tougher enforcement and restrictions make me less likely to be vaccinated in the future,” he said. “I’m stubborn!”

‘Not bothered’

Bryan Hale, a 54-year-old self-employed coach from Phoenix, isn’t vaccinated. But he isn’t averse to the idea either.

“I’m more than willing to get vaccinated if it becomes a serious issue or need,” he said. “I’ve just been busy.”

His vaccination status has resulted in backlash from his family, some of whom have refused to see him until he is immunized, he said.

Though studies indicate that unvaccinated people are less likely to wear masks or practice social distancing, Hale said he does both, especially since he travels weekly by car in the U.S. Southwest and Mexico.

Bryan Hale said he has experienced “zero” Covid-related delays at the U.S.-Mexico border — though news reports show others haven’t been as lucky.

Erin Clark | Boston Globe | Getty Images

“I’m really not bothered at all by the various restrictions and protocols that have been put in place for travelers,” he said, adding that he feels the government and society at large are “doing the best they can to deal with an unpredictable, complex and serious challenge.”

Hale said he respects the rights of individuals to choose to vaccinate, as well as businesses to implement rules for their organizations.

Deciding to vaccinate

Travel restrictions are coaxing people like Lois Lindsey over the line. The retired accountant from Houston got vaccinated last week solely to safeguard her upcoming vacation plans, she said.  

“I don’t want to take the vaccine but feel forced to do so since I will be taking a trip to Kentucky in October and a cruise in January,” she said. “I don’t want to … pay more or be delayed at the airport if I’m not vaccinated.”

If I could make my own decision, I would put my life in God’s hands.

According to a Time/Harris poll conducted in March, more than half (52%) of vaccinated respondents indicated their decision was influenced at least in part by the desire to travel.   

Lindsey’s cruise on Carnival Cruise Line requires all passengers aged 12 and older to be vaccinated. Exemptions are available, but unvaccinated travelers have to pay a $150 surcharge, submit to additional Covid tests, buy travel insurance (if leaving from Florida or Texas) and forgo “independent sightseeing in ports of call,” according to the company’s website.  

Lois Lindsey said she, her daughter and eldest grandchild decided to get vaccinated to go on a cruise departing this winter from Galveston, Texas.

Thomas Shea | Getty Images News | Getty Images

Lindsey says she feels there’s “conflicting information floating around” about who is spreading Covid, the effectiveness of masks, and whether vaccines protect against variants. She gets her news from CNN, Fox News, NBC News and talk radio, she said.

“If I could make my own decision, I would put my life in God’s hands,” said Lindsey.

A 50-year-old woman who works in New York’s financial sector and who did not wish to be identified told CNBC she’s considering getting vaccinated due to an upcoming trip to Hawaii.

Vaccinations aren’t required to enter the state, but she wants to avoid “any surprises” during the trip. Her travel companion is also pressing her to get vaccinated, which she feels she will likely do “for travel and for my parents … to feel safer.”   

She is currently working virtually from New Jersey, which lets her take a wait-and-see approach on vaccines. If called back into her New York office, “I would go forward with the vaccine,” she said.

‘Incredibly stubborn and foolish’

After a mild bout with Covid left her with a lingering cough for 10 months, Monica McLary, 45, decided to get vaccinated. She was initially hesitant, but the desire to travel with fewer restrictions spurred her to act.

“I want freedom to travel, I don’t want to get Covid again and I want to know that others cannot get the virus from me,” she told CNBC. “I feel like it’s everyone’s civic duty and find myself angered by those that continue to refuse based on misinformation.”

I am a conservative, voted for Trump, but these people are incredibly stubborn and foolish.

Since the pandemic started, the part-time Pilates instructor and real estate agent from Atlanta has traveled to Missouri’s Lake of the Ozarks (“oblivious to the pandemic with no rules or regulations”), Boston and Nantucket, Massachusetts (“so many restrictions”); Jackson Hole, Wyoming (“no masks required”); and Louisville to watch the Kentucky Derby (“we flew privately so that was the best”), among other places.

McLary persuaded her two teenage sons to get vaccinated so they could avoid masks and travel restrictions. Problems began, she said, when unvaccinated people stopped wearing masks too. Now Covid hospitalizations are rising again in Georgia and other U.S. states with low vaccination rates.  

“I am a conservative, voted for Trump,” she said, “but these people are incredibly stubborn and foolish.”

An article in the Economist last week indicated that the single greatest predictor of whether an American has been vaccinated is who they voted for in the last U.S. presidential election.

“I hope [Trump] doesn’t run again, and I hope more businesses — airlines included — and schools mandate vaccines,” McLary said.  

“It is not about politics, but about public safety,” she said. “We are all in this together.”

Read more from CNBC about travel and vaccinations

Categories
World News

Dow rises greater than 100 factors to recent file

Shares rose Tuesday, pushing the Dow and S&P 500 to new records as investors continued to fend off rising Covid cases from the Delta variant.

A bipartisan $ 1 trillion infrastructure bill was passed in the Senate to allay concerns about a slowdown in economic growth in the wake of the pandemic. The return on the 10-year yield rallied on Tuesday.

The Dow Jones Industrial Average rose about 176 points to hit a new intraday high. The S&P 500 rose 0.2% after hitting an intraday high at the start of the session. Meanwhile, the Nasdaq Composite lost 0.4%.

Bank stocks rose amid the surge in bond yields, but investors gave up technology stocks as rates rebounded. Goldman Sachs was up nearly 2%. Wells Fargo and Bank of America both gained more than 1.5%. The so-called FANNG names, however, were all in the red.

Energy stocks rebounded Tuesday after spearheading market declines on Monday, fueled by a fall in oil prices. Exxon Mobil and Chevron rose more than 1% on Tuesday and Diamondback Energy rebounded more than 2%. The US oil price rose 1.6% on Tuesday.

Stocks tied to the economic reopening also made up some of their losses on Monday. Norwegian Cruise Line was up 2% and American Airlines was up 1%.

The Senate passed a bipartisan infrastructure bill worth $ 1 trillion on Tuesday. The plan, which sees $ 550 billion in new spending on traffic and broadband, is expected to help boost the economy as peak growth slows after reopening after the pandemic.

During Monday’s regular trading, the Dow fell more than 100 points amid fears a wave of Covid cases could slow demand. The S&P 500 lost 0.1% and the Nasdaq Composite rose 0.16%.

AMC’s stock rose 4.7% on Tuesday after reporting a smaller-than-expected loss. The company also announced that it will accept Bitcoin in all US locations starting this year.

The winning season continues after the bell, and Coinbase will be reporting. The stock, which trades closely with Bitcoin price, fell 3% on Tuesday. SoftBank and Sysco will also report.

Bitcoin price fell 1.5% on Tuesday after rising 5% on Monday to its highest price since May.

Investors are waiting for the consumer price index and producer price index data, both of which measure inflation, to be released on Wednesday and Thursday, respectively. A handful of central bank spokespersons, including Chicago Fed President Charles Evans and Kansas City President Esther George, are also expected this week. Investors will watch out for clues as to how the Fed plans to scale back its bond purchases.

CNBC Pro Stock Pick and Investment Trends:

Categories
Health

Moderna, Canada agree on constructing manufacturing plant

Justin Trudeau, Canada’s Prime Minister, listens during a press conference in Ottawa, Ontario, Canada on Friday June 4, 2021. Trudeau said 65% of eligible Canadians received a first dose of the Covid-19 vaccine.

David Kawai | Bloomberg | Getty Images

Moderna said Tuesday it had reached an agreement with the Canadian government to build a “state-of-the-art” manufacturing facility in Canada to manufacture Covid vaccines and possibly vaccines for other respiratory viruses after the country suffered from supply shortages earlier this year.

The facility is designed to give Canadians access to domestically manufactured mRNA vaccines against respiratory viruses, including Covid, seasonal influenza, respiratory syncytial virus and possibly other vaccines, pending approval, the U.S. drugmaker said.

It is also to be used “urgently” to aid the country with health emergencies with direct access to vaccines, the company said.

Moderna said it was in talks with other governments about similar collaborations.

“We are very excited to expand our presence and continue our long-term relationship with Canada,” said Patricia Gauthier, Moderna’s head of Canadian business, in a statement. “With our industry-leading mRNA technology platform and rapid drug development capabilities, we look forward to being an active participant in Canada’s robust life science ecosystem.”

Canada has suffered repeated delays and supply shortages of Covid vaccines this year as it struggled to get the vaccines from other countries that manufactured them. The problem forced the government to postpone the second vaccinations for up to 16 weeks and advise residents to “mix and match” vaccines.

The Biden government, under pressure from allies worldwide to share vaccines, announced plans in March to ship about 4 million doses of AstraZeneca’s Covid vaccine that it was not using to Mexico and Canada.

Vaccine supplies and the pace of vaccinations have increased since then, Canadian health officials said, and residents have since received their second doses.

Moderna shares fell about 3% on Tuesday just before the announcement. The stock is up more than 360% since the beginning of the year.