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Dementia skilled says proof ‘wasn’t enough’ for approval

Dementia expert Dr. Jason Karlawish told CNBC he’s skeptical of the Food and Drug Administration’s approval of Biogen’s Alzheimer’s disease drug, Aduhelm, saying “the evidence to approve the drug wasn’t sufficient.”

“Another study is needed to establish whether this drug, in fact, is effective. Unfortunately, the FDA approved the drug for marketing, although they also do want another study,” the co-director of the Penn Memory Center at the University of Pennsylvania said on Monday following the agency’s formal OK.

The FDA’s approval marks the first new treatment for Alzheimer’s in nearly two decades. Alzheimer’s is a progressive neurodegenerative disorder that slowly destroys memory and thinking skills. More than 6 million Americans live with the disease, according to estimates by the Alzheimer’s Association. 

Karlawish told “The News with Shepard Smith” that there are a lot of promising Alzheimer’s drugs in the pipeline.  

“I’m optimistic about the coming future here, so I have hope. I just think this is not the drug upon which to pin our hopes,” he said. “Desperation should drive funding for Alzheimer’s research, it should not drive the interpretation of scientific evidence.”

Clinical trials found some patients who got the approved dose of Aduhelm experienced painful brain swelling.

“What you’re asking someone to do, is to take a chance at uncertain benefit, but known risk,” Karlawish said of prescribing the drug to patients.

The FDA said it will continue to monitor the drug as it reaches the U.S. market. The agency granted approval on the condition that Biogen conduct another clinical trial. 

Karlawish told host Shepard Smith that Biogen will face a challenge in “how to do that study when the drug is also available for clinical prescribing.” 

Representatives for Biogen and for the FDA did not immediately return requests for comment on Karlawish’s statements.

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F.D.A. Approves Alzheimer’s Drug Regardless of Fierce Debate Over Whether or not It Works

“As soon as the product is approved, the cat is out of the bag and the horse out of the stable,” said Dr. G. Caleb Alexander, FDA Advisory Committee member, internist, epidemiologist, and expert on drug safety and efficacy at the Johns Hopkins Bloomberg School of Public Health. “There is no way to regain the ability to understand if the product really works after approval.”

Companies can conduct post-market studies with participants from other countries, but may face similar challenges in recruiting participants if those countries approve the drug before the studies are completed. the drug has not yet been approved outside of the United States, but Biogen has requested regulatory reviews in the European Union, Japan, Brazil, and elsewhere.

Aduhelm is a monoclonal antibody that targets a protein, amyloid, that clumps together in plaques in the brains of Alzheimer’s patients and is believed to be a biomarker of the disease. Critics and supporters of the approval agree: the drug significantly lowers amyloid levels. The FDA said the drug’s effect on a biomarker qualifies it for the accelerated approval program.

However, reducing amyloid is not the same as slowing down symptoms of dementia. In more than two decades of clinical trials, many amyloid-lowering drugs failed to address symptoms, a history that some experts say made it particularly important that aducanumab’s data be convincing.

“Although the Aduhelm data are complicated in terms of clinical benefit, the FDA has determined that there is substantial evidence that Aduhelm reduces amyloid beta plaques in the brain and that reducing these plaques is likely to have important benefits for the patient, “said Dr Cavazzoni of the FDA wrote on the agency’s website.

Biogen officials said the drug provided long-awaited support for a theory that if done early enough, an attack on amyloid can help. Proponents of the approval also said it is possible that eliminating amyloid early could help contain the disease over time and provide added benefit beyond the slightly delayed early decline. However, Alzheimer’s experts point out that the assumption is completely untested.

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Biogen’s Alzheimer’s drug accredited by FDA, first new remedy in almost 20 years

The Food and Drug Administration approved Biogen’s Alzheimer’s drug aducanumab on Monday, making it the first U.S. regulator-approved drug to slow cognitive decline in people with Alzheimer’s and the first new drug for the disease in nearly two decades.

The FDA’s decision was eagerly awaited. The drug, which is marketed under the name Aduhelm, is also expected to generate billions in sales for the company offers new hope to friends and families of patients living with the disease.

Biogen stock was on hold for the announcement. The stocks later resumed trading, rising more than 60% at times before reducing that gain by 40% to $ 400.83.

“We are aware of the attention associated with this approval,” said Dr. Patrizia Cavazzoni, director of the FDA’s Center for Drug Evaluation and Research, in a press release. “We know that Aduhelm has drawn the attention of the press, the Alzheimer’s patient community, our elected officials and other interested stakeholders.”

“With treatment for a serious, life-threatening disease in balance, it makes sense that so many people followed the outcome of this review,” added Cavazzoni.

The FDA said it would continue to monitor the drug when it hits the US market. The agency granted approval on the condition that Biogen conduct another clinical study. The Massachusetts-based biotechnology company announced Monday that the list price of aducanumab is $ 56,000 a year; $ 4,312 per infusion.

Biogen CEO Michel Vounatsos told CNBC’s “Power Lunch” later Monday that he thought the price of the drug was “fair,” but also vowed the company would not raise its price for four years.

It reflects “two decades without innovation” and will also allow the company to continue investing in its pipeline of drugs for other diseases, he said.

Alzheimer’s disease is a progressive neurodegenerative disease that slowly destroys memory and thinking skills. The Alzheimer’s Association estimates that more than 6 million Americans live with it. According to the group, this number is expected to rise to almost 13 million by 2050.

“It’s a new day,” said Harry Johns, CEO of the Alzheimer’s Association, in a statement. “This approval gives people with Alzheimer’s more time to live better. For families, it means being able to hold onto loved ones longer. It’s about resuscitating scientists and companies in the fight against this scourge of disease. It’s about hope it. “

To date, there have been no FDA-approved drugs that can slow the mental decline of Alzheimer’s, the sixth leading cause of death in the United States. The agency has approved Alzheimer’s drugs that are aimed at relieving symptoms rather than slowing the disease itself down.

Federal agencies have come under intense pressure from friends and family members of Alzheimer’s patients to speed up aducanumab, but the road to regulatory approval has been controversial since it showed promise in 2016.

In March 2019, Biogen withdrew from development of the drug after analysis by an independent group found it was unlikely to work. The company then shocked investors a few months later by announcing that it would apply for regulatory approval for the drug after all.

Biogen’s shares soared in November after the company received support from FDA officials who said the company had very “compelling” evidence of aducanumab’s effectiveness and “an acceptable safety profile that would make its use in individuals would assist with Alzheimer’s disease “, submitted.

But two days later, a panel of external experts advising the US agency unexpectedly declined to approve the experimental drug, citing inconclusive data. It also criticized the agency’s staff for rating it too positively.

When Biogen filed for approval for the drug in late 2019, its scientists said a new analysis of a larger data set showed that aducanumab “reduces clinical decline in patients with early-stage Alzheimer’s disease.”

Alzheimer’s experts and Wall Street analysts were immediately skeptical, wondering whether the clinical trial data was enough to prove the drug works and whether approval could make it difficult for other companies to enroll patients in their own drug trials.

Some doctors have said they won’t prescribe aducanumab when it hits the market because the mixed data package helps the company’s use.

Supporters, including advocacy groups and family members of patients desperately looking for a new treatment, have admitted the data is not perfect. However, they claim it could help some patients with Alzheimer’s, a progressive and debilitating disease.

Biogen’s drug targets a “sticky” compound in the brain known as beta-amyloid that scientists expect to play a role in the devastating disease. The company previously estimated that approximately 1.5 million people with early-stage Alzheimer’s in the United States could be candidates for the drug, according to Reuters.

The approval is “interesting because the FDA is essentially confirming that the beta-amyloid hypothesis has been validated,” said Salim Syed, a senior biotech analyst at Mizuho Securities, on Monday, adding that the decision had a major impact will have future clinical trials. Some experts are not convinced that targeting the compound will slow cognitive decline.

The FDA’s decision is expected to reverberate across the biopharmaceutical sector, RBC Capital Markets analyst Brian Abrahams said in a June 1 announcement to customers.

That prognosis was apparently confirmed on Monday by comments from Dr. Vas Narasimhan, CEO of Novartis, confirmed.

“I think it is a reflection of the immense unmet needs of these patient populations that regulators are looking for ways to advance therapeutics, and it certainly opens doors,” Narasimhan said in an interview with CNBC’s The Exchange.

“We have a lot of neurodegenerative research and development and will certainly be putting pens on paper – or at least hammering on our computers – this coming weekend to really think about how we can speed up our own programs.”

The FDA said Monday it found there was “substantial evidence” that the drug is helping patients. “With Aduhelm approved by the FDA, an important and critical new treatment is available to patients with Alzheimer’s disease to combat the disease,” the statement said.

– CNBC’s Kevin Stankiewicz contributed to this report.

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F.D.A. Approves Alzheimer’s Drug Regardless of Fierce Debate Over Whether or not It Works

The Food and Drug Administration on Monday approved the first new medication for Alzheimer’s disease in nearly two decades, a contentious decision, made despite opposition from the agency’s independent advisory committee and some Alzheimer’s experts who said there was not enough evidence that the drug can help patients.

The drug, aducanumab, which will go by the brand name Aduhelm, is a monthly intravenous infusion intended to slow cognitive decline in people, with mild memory and thinking problems. It is the first approved treatment to attack the disease process of Alzheimer’s instead of just addressing dementia symptoms.

Recognizing that clinical trials of the drug had provided incomplete evidence to demonstrate effectiveness, the F.D.A. granted approval on the condition that the manufacturer, Biogen, conduct a new clinical trial.

During the several years it could take for that trial to be concluded, the drug will be available to patients, the agency said. If the post-market study, called a Phase 4 trial, fails to show the drug is effective, the F.D.A. can — but is not required to — rescind its approval.

“The data included in the applicant’s submission were highly complex and left residual uncertainties regarding clinical benefit,” the F.D.A.’s director of the Center for Drug Evaluation and Research, Dr. Patrizia Cavazzoni, wrote on the agency’s website.

But, she said, the agency had decided to approve the drug through a program called accelerated approval, which is designed “to provide earlier access to potentially valuable therapies for patients with serious diseases where there is an unmet need, and where there is an expectation of clinical benefit despite some residual uncertainty regarding that benefit.”

Michel Vounatsos, Biogen’s chief executive, called the approval a “historic moment.” He said in a statement that the company believes the drug “will transform the treatment of people living with Alzheimer’s disease and spark continuous innovation in the years to come.”

Patient advocacy groups had lobbied vigorously for approval of the drug because there are so few treatments available for the debilitating condition and other drugs in clinical trials, while more promising, are most likely three or four years away from potential approval.

But the F.D.A. advisory committee, along with an independent think tank and several prominent experts — including some Alzheimer’s doctors who worked on the aducanumab clinical trials — said the evidence raised significant doubts about whether the drug is effective. They also said that even if aducanumab could slow cognitive decline in some patients, the benefit suggested by the evidence would be so slight that it would not outweigh the risk of swelling or bleeding in the brain that the drug caused in the trials.

Biogen, is expected to reap billions of dollars from the drug. The company has yet to announce a price, but it could be in the range of $10,000 to $50,000 per patient per year, Wall Street analysts project. Beyond that, there will most likely be tens of thousands of dollars in costs for diagnostic testing and brain imaging.

About six million people in the United States and roughly 30 million globally have Alzheimer’s, a number expected to double by 2050. Currently, five medications approved in the United States can delay cognitive decline for several months in various Alzheimer’s stages.

Although the clinical trials for aducanumab were conducted on specific populations of patients — those with mild cognitive impairment or early-stage Alzheimer’s whose brains contained high-than-normal levels of amyloid — the F.D.A.’s label for the drug does not contain any such restrictions. The label simply says the drug is “for the treatment of Alzheimer’s disease.”

The label says that patients should have a brain MRI within the year before starting the drug and should obtain additional MRIs before the seventh and twelfth monthly doses. The label says the “most common adverse reactions” include brain swelling, headache, brain microbleeds and falls.

Infusions will take about an hour and should start at a low dose, which should increase every two months until it reaches the high dose of 10 mg/kg.

In 2012, the F.D.A. revoked its approval of the drug Avastin as a breast cancer treatment after additional studies did not show enough benefit. But some other cancer drugs have retained approval even though additional trials failed to confirm the drugs were beneficial. The agency has also been criticized in the past for failing to make sure the follow-up studies are done.

Alzheimer’s trials are already challenging to conduct because it is often difficult to recruit enough participants. Because the condition can progress very gradually, trials need to be large and continue for many months in order to be able to see if a drug is slowing cognitive decline.

Several experts expressed skepticism that Biogen would be able to recruit many participants in the United States for a post-market trial because patients who can get a drug from their doctors are often reluctant to take the chance of receiving a placebo in a clinical trial.

“Once the product is approved, the cat’s out of the bag, the horse is out of the barn,” said Dr. G. Caleb Alexander, a member of the F.D.A. advisory committee, who is an internist, epidemiologist and expert on drug safety and effectiveness at the Johns Hopkins Bloomberg School of Public Health. “There’s no way to recover the opportunity to understand whether or not the product really works in the post-approval setting.”

Companies can conduct post-market trials with participants from other countries, but may face similar challenges recruiting participants if those countries approve the drug before trials are completed. Aducanumab has not yet been approved outside of the United States, but Biogen has filed for regulatory review in the European Union, Japan, Brazil and elsewhere.

Aducanumab, a monoclonal antibody, targets a protein, amyloid, that clumps into plaques in the brains of Alzheimer’s patients and is considered a biomarker of the disease. One thing both critics and supporters of approval agree on is that the drug substantially reduces levels of amyloid, and the F.D.A. said that the drug’s effect on a biomarker qualified it for the accelerated approval program.

Still, reducing amyloid is not the same thing as slowing symptoms of dementia. Over more than two decades of clinical trials, many amyloid-reducing drugs failed to address symptoms, a history that, some experts say, made it especially important that aducanumab’s data be convincing.

“Although the Aduhelm data are complicated with respect to its clinical benefits, FDA has determined that there is substantial evidence that Aduhelm reduces amyloid beta plaques in the brain and that the reduction in these plaques is reasonably likely to predict important benefits to patients,” Dr. Cavazzoni, of the F.D.A., wrote on the agency’s site.

Biogen officials said that the drug provided long-awaited support for a theory that attacking amyloid can help if done early enough. Supporters of approval also said that it’s possible that clearing amyloid early on could help rein in the disease down the road, providing additional benefit beyond slightly delayed early decline. But Alzheimer’s experts note that supposition is completely untested.

Doctors anticipate there will be tremendous demand for aducanumab from patients desperate to try any approved medication.

Because Alzheimer’s primarily affects older people, most costs are expected to fall to Medicare’s Part B program. Medicare has not yet said how it would cover the drug and its associated costs. The program does not generally pay for PET scans that may be needed to detect whether patients have amyloid levels that indicate if they have mild Alzheimer’s-related impairment.

The crux of the controversy over aducanumab involved two Phase 3 trials with results that contradicted each other: One suggested the drug slightly slowed cognitive decline while the other trial showed no benefit. The trials were stopped early by a data monitoring committee that found aducanumab didn’t appear to be showing any benefit. Consequently, over a third of the 3,285 participants in those trials were never able to complete them.

Biogen later said that it had analyzed additional data and concluded that in one of the trials a high dose of aducanumab could delay cognitive decline by 22 percent or about four months over 18 months. In the trial’s primary measurement, the high dose appeared to slow decline by 0.39 on an 18-point scale rating memory, problem-solving skills and function. A lower dose in that trial and high and low doses in the other showed no statistically significant benefit over a placebo.

“There’s so little evidence for effectiveness,” said Dr. Lon Schneider, director of the California Alzheimer’s Disease Center at the University of Southern California and one of many site investigators who helped conduct one of the aducanumab trials. He added, “I don’t know what caught the F.D.A.’s fancy here.”

At the time of the advisory committee meeting, in November 2020, there was not unanimity within the F.D.A. itself. An F.D.A. clinical analyst said there was a sufficient case for approval, but an F.D.A. statistician wrote that another trial was needed because “there is no compelling, substantial evidence of treatment effect or disease slowing.”

After the advisory committee’s blistering rejection, the F.D.A. extended its decision deadline by three months and sought additional information from Biogen, which hasn’t said what it submitted.

Biogen and some researchers who favored approval of the drug said that given the need for Alzheimer’s medications, the single positive trial, plus results from a small safety trial and aducanumab’s ability to reduce amyloid justified making it available to patients now.

Dr. Stephen Salloway, who has received research and consulting fees from Biogen but wasn’t paid for being an aducanumab trial site principal investigator, said that while he understood the concerns about the data, “the totality of the evidence favors approval, and F.D.A. approval will open the door to a new treatment era for Alzheimer’s disease that we can build on.”

The F.D.A. typically follows advisory committee recommendations and usually requires two convincing studies for approval, but it has made exceptions, especially for severe diseases that lack treatments. But some experts worry that aducanumab’s approval could lower standards for future drugs, allowing them onto the market before experts in the field are convinced the benefits outweigh any safety risks.

The risks with aducanumab involve brain swelling or bleeding experienced by about 40 percent of Phase 3 trial participants receiving the high dose. Most were either asymptomatic or had headaches, dizziness or nausea. But such effects prompted 6 percent of high-dose recipients to discontinue. No Phase 3 participants died from the effects, but one safety trial participant did.

Similar side effects have occurred in trials of previous amyloid-lowering drugs, but doctors consider them manageable if a patient is evaluated regularly with brain scans. Still, even supporters of approval said that conducting such safety monitoring was more difficult when not done in the carefully controlled regimen of a study.

“It’s going to be challenging when it’s applied more broadly, outside of a clinical trial,” said Dr. Salloway, director of neurology and the Memory and Aging Program at Butler Hospital in Providence, R.I.

Biogen is expecting to launch the drug quickly, with more than 600 sites across the country expected to administer it. Clinics for patients with cognitive problems have been scrambling to prepare.

Dr. Jeffrey Burns, director of the University of Kansas Health System’s memory clinic and a site investigator for one trial, said he expected “the phone to be ringing off the hook.” He estimates 25 to 40 percent of the clinic’s roughly 3,000 patients might be eligible, but it doesn’t have enough neurologists.

Several Alzheimer’s doctors who believe the case for approving aducanumab is too weak said they would now feel ethically compelled to make it available. They believe that many patients, even when told of the problematic evidence, would try the drug because they would assume there was a compelling reason it received F.D.A. approval.

“I had this conversation with a real patient who was very interested in it,” said Dr. David Knopman, a clinical neurologist at the Mayo Clinic and a site principal investigator for one trial who co-wrote an article saying the evidence was insufficient to show benefit. “I presented the data to the patient and her husband, and they didn’t hear a word I said about my concerns. All they heard was there might be benefit.”

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5 issues to know earlier than the inventory market opens Monday, June 7

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

1. Dow, S&P 500 stand less than 1% of record closing highs

A trader on the New York Stock Exchange, June 4, 2021.

Source: NYSE

2. Jeff Bezos will fly Blue Origin’s first passenger space flight next month

Jeff Bezos drives a Rivian R1T electric truck through the Blue Origin launch facility in Texas.

Blue origin

Jeff Bezos will fly on the first passenger flight of his space company Blue Origin. The company plans to launch the mission on July 20, the Amazon billionaire announced on Monday. Bezos and his brother Mark will join the winner in a public auction held for one of the seats. The bid for the auction was $ 2.8 million before Bezos announced he would be on board. Bezos’ Blue Origin and Elon Musk’s SpaceX are two of the largest commercial space companies.

3. Elon Musk Says Tesla has officially canceled the Model S Plaid Plus

Musk, co-founder and CEO of Tesla, tweeted on Sunday that the electric automaker canceled the most expensive variant of its flagship sedan, the $ 150,000 Model S Plaid Plus.

Tesla had promised that a Plaid Plus version of its new Model S would give drivers 1,100 horsepower, 520 miles of range on a fully charged battery, and zero to 60 mph in less than two seconds. The remaining high-end version of the Model S Plaid for $ 119,900 should have a battery capable of 390 miles with 1,020 horsepower and similar acceleration.

4. AMC stocks rose after skyrocketing in a wild week of trading

Pedestrians pass an AMC theater in New York.

Scott Mlyn | CNBC

AMC Entertainment’s shares rose 8% in the premarket on Monday after rising more than 80% in a wild week despite declines on Thursday and Friday. The cinema chain sold additional shares in two tranches last week, raising around $ 817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company plans to issue an additional 25 million shares.

Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II”.

Parent

The cinema business, decimated by the Covid pandemic, showed further signs of a return to normal. A Quiet Place Part II fell 59% to $ 19.5 million after a stellar opening over Memorial Day holiday weekend last weekend. However, the Paramount sequel has raised $ 88.6 million in the US and Canada. Warner Bros.’s “The Conjuring: The Devil Made Me Do It” topped the weekend box office and debuted with a profit of $ 24 million.

5. G-7 agrees on global tax reform; Yellen talks about the Biden agenda, tariffs

British Chancellor of the Exchequer Rishi Sunak (center), US Treasury Secretary Janet Yellen (right) attends the first day of the G-7 Finance Ministers’ Meeting on June 4, 2021 at Lancaster House in London.

Stefan Rousseau | AFP | Getty Images

The Treasury Ministers of the most advanced economies, known as the Group of Seven, have backed a US proposal requiring companies around the world to pay at least 15% tax. Treasury Secretary Janet Yellen tweeted that a “global minimum tax would end the race to the bottom in corporate taxation and ensure fairness for the middle class and working people in the US and around the world.”

Former Federal Reserve chairman Yellen said in a Bloomberg interview that President Joe Biden’s $ 4 trillion spending agenda would be positive for the country even if it led to a surge in interest rates. “If we had a slightly higher interest rate environment in the end, that would actually be a plus for society and the Fed,” said Yellen.

– The Associated Press contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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For Small Gyms, Dealing with the Pandemic Meant Increasing

This article is part of Owning the Future, a series on how small businesses across the country have been affected by the pandemic.

On the evening of March 14, 2020, Kari Saitowitz, owner of the Fhitting Room, a small or “boutique” fitness studio with three locations in Manhattan, returned from a dinner out, to find a disturbing message. A college friend who was a pulmonologist at NewYork-Presbyterian Brooklyn Methodist Hospital had sent a text about the alarming number of cases of the new, contagious respiratory disease they were seeing.

“The message said, ‘Please take this seriously,’” Ms. Saitowitz recalled. “And he specifically said, ‘Kari, you will probably have to close the gym for a while.’”

The next morning, she received emails from two of her senior trainers, who had taught classes the previous day. They, too, were concerned, not only about their own safety, but also about their clients, some of whom were older.

“That was the tipping point,” she said. After convening a group of full- and part-time employees, including trainers and members of the cleaning staff, she decided to close the studio. That afternoon, she sent an email blast to the membership, saying that “for the health of our community,” she was temporarily closing the Fhitting Room.

The following day, March 16, Gov. Andrew M. Cuomo announced the closure of all gyms, restaurants, bars, theaters and casinos.

Now Ms. Saitowitz, like so many other small-business owners, faced another urgent decision: “‘How do I keep my business alive?’”

The key, she decided, was to figure out ways to continue delivering what her customers wanted — what they really wanted. “It’s more than just a workout,” she said. “People come here because of the conversation, the socialization, for the fun and motivation of a class.”

How could she replicate that when the gym was closed?

The answer, for Ms. Saitowitz and other boutique fitness gyms — a broad designation that includes Pilates and yoga studios, and facilities that focus on indoor cycling or, as is the case with the Fhitting Room (the name is a play on H.I.T., the acronym for high-intensity training), group fitness classes — was to quickly expand the way that their services could be provided; an approach that some in the industry are now calling “omnichannel.”

For Ms. Saitowitz, it meant ramping up the creation of an on-demand video library of workouts, switching live classes to Zoom and, in September, striking a partnership with the retailer Showfields to use a rooftop event space on its Bond Street building to hold socially distanced outdoor classes.

All of that has had an effect on its members. “Before the pandemic I was going maybe three times a week,” said Suzanne Bruderman of Manhattan, a Fhitting Room member since it opened six years ago. “Once the pandemic hit, all of my behaviors shifted and it basically became a five-day-a-week habit.”

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Updated 

June 3, 2021, 8:18 p.m. ET

But all of these changes required more than a tutorial in Zoom; they necessitated a radical change in thinking in an industry that has been providing its product in essentially the same way since Vic Tanny’s first “health clubs” opened in the 1930s.

“Prior to the pandemic, clients had to visit a brick-and-mortar business to consume the product,” said Julian Barnes, chief executive of Boutique Fitness Solutions, an advisory firm to small gyms and fitness studios. The new multiple-channel approach “means meeting your client wherever he or she is,” he said. “If she wants to work out live, give her that ability to take a class live. If she wants to work out at 2 a.m., and pull up a video of her favorite class, give her the ability to do that. If she wants to work out outdoors, give her the ability for that.”

Mr. Barnes estimated that, before the pandemic, the United States had about 70,000 of these small gym and studios. “A lot of them were uprooted from their original business model,” said Tricia Murphy Madden, who is based in Seattle and is national education director for Savvier Fitness, a fitness product and education company. “What I’m seeing now is that if you’re still operating the way you did 16 months ago, you’re not going to survive.”

When gyms in Texas were ordered closed, Jess Hughes, founder and president of Citizen Pilates, was determined to keep her three Houston studios open. Using little more than an iPhone and a ring light, Ms. Hughes and some of her instructors began producing video workouts in the studio. The on-demand Citizen Virtual catalog now has over 100 at-home workouts accessible from any device with a paid subscription ($19 per month). She later expanded the offerings through a partnership with JetSweat, a fitness on-demand library with 28,000 monthly subscribers.

Going online allowed them to expand beyond individual customers. “We also started doing virtual private corporate classes through Zoom,” Ms. Hughes said. These once-a-week classes allowed employees of a number of midsize Houston companies to stay in shape — and have shared experiences — while they worked remotely.

She also began offering branded apparel with slogans like “Citizen Strong,” which proved particularly popular when the studio reopened, with restrictions, in May. Moving all equipment six feet apart reduced her total capacity by 30 percent. (“We received zero rent relief from any of our landlords,” she added.) Yet Ms. Hughes has managed to increase her membership by 22 percent, mostly locally. “What I like to say is that we were brand consistent but socially distant,” she said.

Social distancing wasn’t enough for Matt Espeut, who was twice forced to close down his Fit Body Boot Camp gym in Providence when Rhode Island’s Covid cases surged. Like Ms. Saitowitz and Ms. Hughes, Mr. Espeut was determined to stay in business, and he felt offering new services was the way to do it. Because weight loss is a major part of his gym’s mission, he invested his Small Business Administration loan into the cost of a medical-grade body scan machine that measures body composition. “Now we can home in on people losing fat, and gaining muscle,” he said.

The $6,000 machine, the addition of nutritional counseling — including supplements sold in the gym and online — and offering many new, socially distanced classes enabled Mr. Espeut to achieve something he wouldn’t have thought possible a year ago: He has increased his gym membership by 15 percent, to 196 from 170.

He added one more thing after reopening in January: a new décor, including a fresh coat of paint and new floor mats. “I think people would like to forget 2020,” he said. “I wanted people to see right away that things are different.”

For many small gyms, they are — although the expansion into different channels is still a means to an end: Getting everyone back in the spaces that workout enthusiasts love to share.

“We didn’t panic at first,” recalled Lisa O’Rourke, an owner of Spin City, an indoor cycling studio in Massapequa Park, N.Y. “We had a healthy business going, and we thought it was going to be temporary.” As the lockdown extended into April, though, “the panic set in.” Ms. O’Rourke began offering members-only YouTube workouts featuring her instructors. Over the summer, that expanded to include outdoor classes in the parking lot.

Early in the lockdown, another thought occurred to Ms. O’Rourke as she surveyed her empty studio. “We had all these bikes sitting there doing nothing,” she said. “So, we decided to loan them to our members.” While some studios leased out their equipment — bikes, kettlebells and other equipment — Spin City offered the loaners for free.

“I had members offer us money,” she said. “But we turned them down. You know, they helped create our success, and during the pandemic, you felt bad for everybody. They didn’t need another expense.”

A year after the pandemic began, Spin City has gained a total of 50 members, on top of 275 to 300 members prepandemic. All the bikes are now back in the studio — albeit six feet farther apart. Ms. O’Rourke has speculated on what would have happened if she hadn’t opened these new channels.

“They would have all bought Pelotons,” she said with a laugh.

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Teenagers Are Not often Hospitalized With Covid, however Circumstances Can Be Extreme

The researchers also counted Covid-19 hospital stays in children ages 12 to 17 from March 1, 2020 to April 24, 2021. The data comes from Covid-Net, a population-based surveillance system in 14 states that covers about 10 percent of Americans.

Updated

June 5, 2021 at 4:28 p.m. ET

The number of adolescents hospitalized with Covid-19 decreased in January and February of this year, but rose again in March and April. From January 1, 2021 to March 31, 204 young people are expected to have been hospitalized mainly for Covid-19. Most children had at least one underlying medical condition, such as obesity, asthma, or a neurological disorder.

The rate could have increased this spring due to the more contagious variants of the coronavirus floating around, as well as the reopening of schools that brought children together indoors and looser adherence to precautions like wearing masks and social distancing, the researchers said .

None of the children died, but about a third were admitted to intensive care and 5 percent required invasive mechanical ventilation. About two-thirds of adolescents admitted to the hospital were Black or Hispanic American, reflecting the greater risk the virus poses to these populations.

The researchers compared the numbers for Covid-19 to hospital admissions for flu in the same age group during the 2017-18, 2018-19, and 2019-20 flu seasons. From October 1, 2020 to April 24, 2021, adolescent hospital admission rates for Covid-19 were 2.5 to three times the rate of seasonal flu in previous years.

The data adds urgency to the drive to get more teenagers vaccinated, said Dr. Walensky, who added that she was “deeply concerned” with the numbers.

The Food and Drug Administration approved the Pfizer BioNTech coronavirus vaccine for children ages 12 to 15 on May 12. The vaccine was approved for all elderly people in December.

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Arthur Staats Dies at 97; Referred to as ‘Time Out’ for Unruly Youngsters

Literary references to the grounding of unruly children have resounded at least since the early 19th century.

Such banishes were later embodied in the 1894 watercolor “The Naughty Corner” by Swedish artist Carl Larsson, a picture of a sullen little boy banished to a chair in the living room.

In the late 1950s, not long after the birth of his daughter Jennifer, Arthur W. Staats turned more or less arbitrary parental punishment into a cornerstone of behavioral psychology and a household phrase. He called it a “time out”.

Extensive experiments by Dr. Staats (rhymes with “stains”) and co-workers found that removing a child from the scene of inappropriate behavior and whatever provoked an emotional bond with restraint was more ingrained than punishment. As a bonus, frustrated parents were given a short break.

Dr. Staats emphasized that children must be warned in advance of the consequences of their behavior and that the “time-out” tactic must be used consistently and within the framework of a positive parent-child relationship. He advised that time off (usually five to 15 minutes) should end when the child stopped misbehaving (e.g., having a tantrum).

Dr. Staats died on April 26, aged 97, at his home in Oahu, Hawaii. His son, Dr. Peter S. Staats said the cause was heart failure.

Arthur Staats had experimented with taking time off with his two children at an early age. “My sister and I were trained using the time-out method that my father invented in the late 1950s,” wrote Dr. Peter Staats in Johns Hopkins Magazine last year.

His sister, Dr. Jennifer Kelley, gave her own touch to the development of the process. “A few years ago,” she said in an email, “my brother made the joke that I was so bad my father had to make up some time out.”

In 1962, when Jennifer was 2 years old, Dr. State of Child magazine: “I put her in her crib and told her to stay there until she stopped crying. If we were in a public place, I would pick them up and go outside. “

He also experimented with preschool classes, teaching his daughter to read before she was three, and invented a “token reinforcement system”: a device he developed distributed tiny markings that could be saved and later exchanged for toys and other prizes .

That Peter founded the Pain Medicine Department at Johns Hopkins University and Jennifer became a child and adolescent psychiatrist may be a measure of her father’s success.

The older Dr. Staats described his approach as psychological behaviorism and cognitive behavioral psychology. His perspectives on emotional development and learning were so diverse that in 2006 Child magazine named him one of the “20 People Who Changed Childhood”.

American Pediatrics magazine reported in 2017 that a recent survey found that 77 percent of parents of children aged 15 months to 10 years needed time off to moderate their behavior.

Montrose M. Wolf, one of Dr. Staats, mentioned the procedure in a 1964 study, and Dr. Staats explained it in the book “Learning, Language and Cognition” published in 1968.

He was considered one of the few pioneers in behavior modification. As he wrote in his book “Marvelous Learning Animal” (2012): “Our small group provided the basis for the areas of behavior therapy and behavior analysis.”

While much research has focused on how differences in brain chemistry and physiology affect behavior and literacy, Dr. Staats that more research is needed on how a child’s learning and environment influenced these differences.

His experiments, he wrote, showed that “children have a variety of explicit problem behaviors that can be addressed through explicit training” – that dyslexic children can be trained to read and that a child’s IQ can be improved. The research, he claimed, provided “irrefutable evidence of the tremendous power of learning to determine human behavior.”

Arthur Wilbur Staats was born on January 17, 1924 in Greenburgh, NY, in Westchester County, to Frank Staats, a carpenter, and Jennifer (Yollis) Staats, a Jewish immigrant from Russia. His father died when he was 3 months old just days after the family disembarked in Los Angeles after traveling from the east coast to the west via the Panama Canal. His mother supported the couple’s four children by doing laundry for neighbors.

Arthur was an indifferent student mainly devoted to sports and reading for pleasure. At 17, he dropped out of high school to join the Navy and served on the battleship Nevada during the D-Day invasion. After the war, he enrolled at the University of California at Los Angeles under the GI Bill.

He earned a bachelor’s degree in psychology in 1949, a master’s degree in psychology in 1953 and a doctorate in general experimental and clinical psychology in 1956.

After teaching as a professor of psychology at Arizona State University and as visiting professor at the University of California, Berkeley and the University of Wisconsin, he was hired by the University of Hawaii at Manoa in 1966. There he was professor of psychology until his retirement in 1997 and became professor emeritus.

Dr. Staats married Carolyn Kaiden, a fellow PhD student at UCLA. You worked on the book Complex Human Behavior: A Systematic Extension of Learning Principles (2011). In addition to his son and daughter, she survived him along with five grandchildren and three great-grandchildren.

The legacy of Dr. Staats was reflected in the license plate of his silver BMW – TYM-OUT – and in the behavior of his great-grandchildren.

“We have two, ages 6 and 3, and they are really wonderful little girls,” said Dr. Kelley about her grandchildren. “The little one is very funny. If she does something wrong, she takes a break for herself. I guess she saw her sister take a break so she figured out how it works. “

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5 issues to know earlier than the inventory market opens Tuesday, June 1

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

1. Dow jumps on the first day of June

The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV) on May 24, 2021 to celebrate its transition to a public company.

NYSE

June was set for a positive start on Wall Street. Dow futures led on Tuesday with a gain of over 250 points of more than 0.7%. The Dow Jones Industrial Average and S&P 500 broke two-week losing streaks with weekly gains of around 1%. The Nasdaq rose 2% last week for its first two-week winning streak since mid-April. However, the Nasdaq bucked May’s uptrend, losing 1.5% and ending a six-month winning streak. Investors have their sights set on Friday’s May Labor Market Report, as well as the Federal Reserve Policy Makers’ Meeting on May 15-16. June.

A bitcoin logo displayed on a smartphone with stock market percentages in the background in this illustration dated April 26, 2021.

Omar Marques | SOPA Pictures | LightRakete | Getty Images

Bitcoin – less than 44% from April’s all-time high of $ 65,000 – traded below $ 36,000 on Tuesday. The world’s largest digital currency returned to levels not seen since February. Bitcoin crashed last month, tumbling more than 30% to around $ 30,000 on May 19. At Tuesday’s levels, however, it was still up 24% in 2021 and up 275% over the past 12 months.

2. AMC stocks add to last week’s strong rally

AMC Empire 25 in Times Square is open as New York City theaters reopen on March 5, 2021 for the first time in a year since the coronavirus shutdown.

Angela Weiss | AFP | Getty Images

AMC Entertainment rose again Tuesday, gaining 21% in pre-trading hours after selling more than 8 million shares to an investment firm. It is the latest in a series of capital increases for the ailing theater chain. AMC stock doubled last week on extremely high volume as retail investors re-piqued interest on Reddit’s WallStreetBets forum. AMC CEO Adam Aron tweeted early Tuesday in support of the stock sale.

3. Biden announces new efforts to narrow the racial wealth gap

U.S. President Joe Biden speaks with First Lady Jill Biden during a visit to Joint Base Langley-Eustis in Hampton, Va., Jan.

Ken Cedeno | Reuters

President Joe Biden will unveil new measures his administration is planning on Tuesday to address the racial wealth gap. During a trip to Oklahoma to commemorate 100 years since the Tulsa massacre, Biden will see an increase in the percentage of federal contracts for small, disadvantaged businesses, the repeal of two Trump-era housing rules, and an initiative to combat inequality in valuation announce of homes.

4. Elon Musk reveals the reason for the price increases for Tesla vehicles

5. SoFi will debut on Wall Street after the SPAC deal is closed

The Social Finance (SoFi) website on a laptop set up in the Brooklyn neighborhood of New York, United States on Friday, March 26, 2021.

Gabby Jones | Bloomberg | Getty Images

Social Finance is expected to debut as a publicly traded company on Tuesday after finalizing its merger with a SPAC backed by venture capital investor Chamath Palihapitiya last week. The transaction, announced in January with the special purpose vehicle Social Capital Hedosophia Corp V, valued SoFi at $ 8.65 billion. Palihapitiya, an early Facebook executive, recently took several companies public through SPACs, including Virgin Galactic.

– Reuters contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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We’ll In all probability Want Booster Photographs for Covid-19. However When? And Which Ones?

As the nation moves closer to President Biden’s goal of 70 percent vaccination rates, many people wonder how long their protection will last.

Right now, scientists are asking a lot of questions about Covid-19 booster vaccinations, but they don’t have many answers yet. The National Institutes of Health recently announced that they have started a new clinical trial of fully vaccinated people – with an approved vaccine – to see if a booster of the Moderna syringe increases their antibodies and protects against infection with the virus extended.

Although many scientists estimate that the US-approved vaccines Pfizer-BioNTech, Moderna, and Johnson & Johnson will last at least a year, no one knows exactly. It is also unclear whether emerging variants of the coronavirus will change our vaccination needs.

“We’re breaking new ground here when it comes to boosters,” said Dr. Edward Belongia, a physician and epidemiologist at the Marshfield Clinic Research Institute in Marshfield, Wisconsin.

Different pathogens affect our immune system in different ways. With some diseases, such as measles, a one-time illness leads to lifelong protection against further infection. But with other pathogens, our immune defense declines over time.

In some important ways, vaccines mimic natural infections – without actually getting sick. Measles vaccines can induce lifelong immunity. Tetanus vaccines, on the other hand, create defenses that fade year after year. The Centers for Disease Control and Prevention recommends getting a tetanus booster once every decade.

And sometimes the virus can change itself, so a booster is needed to create a new, bespoke defense. Influenza viruses are so changeable that they need a new vaccine every year.

The short answer is that we can’t be sure yet because people were vaccinated in large numbers just a few months ago.

“Even in the studies, we don’t know what the immune response is like a year later,” said Dr. Kirsten Lyke, vaccine expert at the University of Maryland School of Medicine and director of the NIH booster study.

But the first signs are encouraging. In vaccine trials, researchers have drawn blood from volunteers and measured their levels of antibodies and immune cells that target the coronavirus. The levels are going down, but gradually. It is possible that with this slow decline, vaccination protection will remain strong for a long time. People who were previously infected and then received the vaccine can enjoy even more permanent protection.

“I think there is a real possibility that immunity to the original strain could last for years,” said Dr. Belongia.

If this possibility is confirmed, Covid-19 boosters may not be required for years. But that’s a big if.

Possibly. Scientists have already established that vaccines with different technologies can vary in their effectiveness. The most powerful vaccines include Moderna and Pfizer-BioNTech, both of which are based on RNA molecules. Inactivated virus-based vaccines, such as those from Sinopharm in China and Bharat Biotech in India, have proven to be slightly less effective.

It’s not entirely clear why that is, said Scott Hensley, an immunologist at the University of Pennsylvania. RNA vaccines are relatively new and so the immunity they induce has not been thoroughly studied. In his own research on mice given different types of flu vaccines – some with RNA and others with inactivated viruses – Dr. Hensley made a similar difference. The amount of antibodies produced by the two vaccines was “grossly different,” he said.

It is possible that protection from the less effective Covid-19 vaccines may wear off faster. Sinopharm’s vaccine may already show signs of this decline. Clinical studies show an effectiveness of 78 percent. But the United Arab Emirates and Bahrain are already offering boosters to people who have received the Sinopharm vaccine to boost their declining immunity.

Scientists are looking for biological markers that could show when protection from a vaccine is no longer sufficient to hold back the coronavirus. It is possible that a certain level of antibody marks a threshold: if your blood is above this level you are in good shape, but if you are below you are at greater risk of infection.

Some preliminary studies suggest that these markers – known as correlates of protection – exist for Covid-19 vaccines. Research is being carried out to find them.

Updated

June 6, 2021, 2:38 p.m. ET

“That will teach us a lot,” says Dr. H. Clifford Lane, Associate Director, Clinical Research and Special Projects, National Institute of Allergy and Infectious Diseases.

We may need boosters to block variants, but that’s not yet clear.

The emergence of variants in recent months has accelerated research on boosters. Some variants have mutations that caused them to spread quickly. Others carry mutations that could affect the effectiveness of approved vaccines. But at this point in time, scientists have little evidence of how existing vaccines work against different variants.

Last month, for example, researchers in Qatar published a study of the Pfizer BioNTech vaccine, which was given to over a quarter of a million of the country’s residents between December and March.

Clinical studies showed that the vaccine was 95 percent effective against the original version of the coronavirus. But a variant called Alpha, which was first identified in the UK, cut its effectiveness to 89.5 percent. A variant first identified in South Africa, known as Beta, further reduced the vaccine’s effectiveness to 75 percent. However, against both variants, the vaccine was 100 percent effective in preventing serious, critical, or fatal illnesses.

Just because a variant can bypass existing vaccines doesn’t mean it becomes a widespread problem. Beta, for example, has remained rare in countries with strong vaccine programs like Israel, the UK, and the United States. If beta stays infrequent, it doesn’t pose a serious threat.

But evolution still has a lot of leeway to play with the coronavirus. Scientists cannot rule out the possibility that new variants will emerge in the coming months that will spread quickly and resist vaccines.

“It is clear that variants are inevitable,” said Dr. Grace Lee, Associate Chief Medical Officer, Practice Innovation and Infectious Disease Doctor at Stanford Children’s Health. “I think the question is how effective are they going to be?”

Its not clear yet. Some scientists suspect that a high immune response to the original version of the coronavirus also provides adequate protection against variants. But it is also possible that a vaccine that specifically thwarted one variant might be more effective.

Pfizer has made an attempt to test both options. Some volunteers who have already received two doses of their vaccine will be given a third dose of the same vaccination as a booster. In the same study, the researchers will give other volunteers an experimental booster designed to protect against the beta variant.

“Based on what we’ve learned so far, we currently think that until we see a decrease in SARS-CoV-2 circulation and Covid-19 disease, we think it likely that a third dose, a Increasing our vaccine, within 12 months of vaccine administration, will likely be needed to protect against Covid-19, “said Jerica Pitts, director of global media relations at Pfizer.

Possibly. In fact, much research on other diseases suggests that switching vaccines may increase the booster dose. “This is a proven concept from before Covid,” said Dr. Lyke.

Dr. Lyke and her colleagues are testing this mix-and-match option for boosters as part of their new study. They are recruiting volunteers who have been fully vaccinated with any of three US approved vaccines – Johnson & Johnson, Moderna, and Pfizer-BioNTech.

All volunteers receive a Moderna booster. The researchers will then observe how strong an immune response it creates.

It is possible that other vaccines that are still in clinical trials may work even better as Covid boosters. For example, Novavax and Sanofi are both conducting clinical trials of vaccines made from viral proteins in the United States. Dr. Lyke and her colleagues designed their study so that they could add more such vaccines later.

“We are working behind the scenes on other contracts so we can bring additional boosters into the study,” she said. These additional boosters can also include those tailored to variants, such as the one developed by Pfizer-BioNTech.

Other mixed booster studies are also ongoing. In the UK, scientists are giving volunteers vaccines from AstraZeneca, CureVac, Johnson & Johnson, Moderna, Novavax, Pfizer-BioNTech and Valneva as boosters. ImmunityBio is testing its vaccine in South Africa as a booster for the Johnson & Johnson vaccine, while Sanofi prepares to test its vaccine as a booster for those of several other companies.

The NIH study could start delivering results as early as the next few weeks. If fading vaccines and rising variants lead to an outbreak of new infections this winter, Dr. Lyke have data to share with policy makers.

“It was vital for us to get a response as soon as possible,” she said. “We just don’t have this luxury of time.”

Dr. Hensley says it is wise to prepare for the possibility that boosters will be needed. But he hoped they didn’t detract from the urgent need to give billions of people around the world first doses.

“If more people are protected immediately, the virus will have fewer hosts to infect and fewer opportunities to develop into new variants,” he said.

“I want these vaccines to go global because I want to protect people all over the world,” added Dr. Hensley added. “But even if you only take care of yourself, you should also stand behind these efforts, because this is the only way to end the pandemic and limit the development of variants.”

Noah Weiland contributed the reporting.