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Theranos is historical past, however massive blood testing breakthroughs are coming

Medical researchers say within a few years major breakthroughs in blood testing technology that use immune system response and genetic analysis to identify disease quickly and cost-effectively will be on the market.

picture alliance | picture alliance | Getty Images

One morning last May, Tayah Fernandes’s mother Shannon realized her four-year-old daughter was seriously unwell, and rushed her to the nearest ER in the English city of Manchester. The coronavirus had crashed onto Britain’s shores weeks earlier, and emergency doctors were initially uncertain how best to treat Tayah’s constellation of symptoms, which included stomach pains and a bright red rash.

They gave her antibiotics for a suspected bacterial infection, but her condition only worsened, her fever spiking. For her parents, for any parents, this was the ultimate medical nightmare; doctors in the dark for days over the cause of their daughter’s illness.

Eventually, after further blood tests, physicians decided Tayah was suffering from an unusual inflammatory syndrome that pediatric infectious disease specialists had only just started to see, but suspected had links to Sars-COV-2.

Young patients across the U.K. and U.S. were arriving in intensive care units with symptoms similar to another disease doctors already recognized, called Kawasaki. But they had no guarantee that the same course of treatment — injecting a solution of donors’ antibodies into the bloodstream — would prove successful.

In Tayah’s case the antibodies solution, known as immunoglobulin, worked, to her parents’ relief. But at around that same time last May a team of researchers at Imperial College, London confirmed through complex analyses of blood samples, taken from patients like Tayah, that this was indeed a new disease, distinct from Kawasaki.

Hunting inside immune system response to bacteria, virus

A related breakthrough in that same laboratory, focused specifically on the way individual genes behave, could have seismic implications for a multi-billion dollar diagnostics sector that has received unprecedented attention from patients, regulators and the business world over the course of this pandemic.

A new method for identifying a specific illness from blood samples relies on the correlation between the activity in small set of genes, which represents the immune response, and specific pathogens that cause a specific disease — just as the poliovirus causes polio, the coronavirus (SARS-COV-2, a pathogen) causes Covid-19. Scientists believe that by studying a small number of genes, they can quickly discern which pathogen is in a patient’s system, what disease they have, and so how best to treat them. 

Companies from small research university spin-offs to industry giants like Abbott Laboratories and Danaher’s Cepheid are looking to build on two decades of research into the way our own immune systems naturally respond to foreign substances in our bodies, including pathogens like bacteria or viruses. A current technology like Cepheid’s GeneXpert technology is able to distinguish between the different RNA of various viruses, such as SARS-COV-2, or a particular influenza strain, but experts say it’s become increasingly clear that our body’s immune systems can be faster, more accurate detection systems. 

Historically, doctors have had to rely on a patient’s case history and symptoms to narrow down the cause of an illness and develop a treatment plan. More recently, laboratory inspections at the molecular level such as the Cepheid technology have allowed clinicians to identify specific pathogens in nasal mucus, throat swabs or blood samples that might have caused an illness. But hunting for bacteria or a virus in this way can be time-consuming, costly and sometimes simply ineffective. The specific RNA signature of a virus can be hard to detect.

Abbott and Cepheid did not respond to requests for comment.

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The team at Imperial College, London, working separately but at the same time as several counterparts around the world, are now convinced that future diagnoses can soon be conducted using table-top tests that will take just a matter of minutes.

These tests would not explicitly screen for a specific pathogen, but instead, allow scientists and medical professionals to simply watch how specific genes in the body are behaving as an indication of how an immune system is already responding to a pathogen that may not be easily otherwise detectable. 

Imperial College professor Mike Levin currently leads an ongoing European Union-funded study focused on this potential, called “Diamonds.” In recent years he and other scientists have shown how the observed activity in a small number of our genes can work as a kind of shorthand for our body’s immune response to a pathogen. If a handful of specific genes out of thousands in a blood sample are seen to be activated — or the opposite, inhibited — it can indicate that a person is preparing to fight off a specific pathogen.

We think this is a completely revolutionary way of doing medical diagnosis.

Imperial College professor Mike Levin

Levin and colleagues already have a proof of concept for this diagnostic approach after studies involving thousands of patients with fever caused by tuberculosis, and hundreds of Kawasaki patients. And his Imperial College team’s work with the “Diamonds” study are starting to bear fruit and could help identify the distinct immunological markers of illnesses like the coronavirus-linked multi-system inflammatory syndrome in children like Tayah Fernandes, now commonly known as MIS-C. 

When Covid-19 turned up in multiple locations, with MIS-C in its wake, it presented Levin and his researchers with an unprecedented opportunity to test this technique on an entirely new disease.

In the future, these tests — by relying on huge amounts of data and machine learning — should be able to produce multi-class rather than just binary results. This means they could confirm not only if a pathogen is bacterial or viral, or whether someone has a specific disease or not, but could distinguish which one of a multitude of illnesses is afflicting their patient.

In short, Levin expects that by examining the behavior of a relatively small number of genes, clinicians will be able to assign patients to all the major disease classes within an hour.

“We think this is a completely revolutionary way of doing medical diagnosis,” Levin said. He expects the research will provide the basis for new technology, but has no financial interest in any business related to it. 

Rather than what he calls the “stepwise process” of first eliminating bacterial infections, treating for the most common conditions, and then doing more investigation, “this idea is the very first blood test can tell you, has the patient got an infection or not an infection, and what group of infection that is, right down to the individual pathogens.”

Purvesh Khatri, an associate professor at the Stanford Institute for Immunity, Transplantation and Infection and Department of Medicine, says our immune systems have been evolving for millennia to combat pathogens, and so it may prove more effective, and efficient, to examine the response of our bodies.

“We didn’t have a technology, until now, that could measure a set of genes in a rapid point of care way,” he said. “But in the last couple of years, there have been enough technologies available that now allow us to measure a few genes in a rapid multiplex point of care assay way.”

While neither the FDA nor any European regulators have approved these kinds of gene-based pathogen detection systems, Khatri, who is helping launch a related commercial venture, says they’re coming soon. “In the next year or two, there will be several that will be available on the market.”

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Crimson Knots in Steepest Decline in Years, Threatening the Species’ Survival

The number of red knots visiting the beaches of Delaware Bay during this spring’s north migration unexpectedly dropped to its lowest level since counts began nearly 40 years ago, adding to concerns about the survival of the shorebird and a sharp setback for a quarter of a century his efforts meant to save him.

Conservationists found fewer than 7,000 of the bird’s rufa subspecies in extensive land, air and water counts on the New Jersey and Delaware side in May. The number is about a third of that found in 2020; less than a quarter of the level for the past two years; and the lowest since the early 1980s when the population was around 90,000.

The numbers were already well below the level that would ensure the bird’s survival. A previous decline had been halted by years of conservation efforts, including a New Jersey ban on harvesting horseshoe crabs, the eggs of which provide essential nourishment for birds on their long-distance migrations.

The recent decline is making the Rufa subspecies – which has been endangered at the federal level since 2014 – even more susceptible to external shocks such as bad weather in their Arctic breeding areas and bringing them closer to extinction, say naturalists.

“I think we need to think about the red knot as a dying species, and we really need immediate action,” said Joanna Burger, a biologist at Rutgers University. Since the early 1980s, she has been studying the knot and other deciduous shorebirds such as ruddy turnstone and semi-palmate sandpipers in Delaware Bay.

She called for an immediate ban on the fishing of horseshoe crabs as bait, an industry that still operates in Delaware, Maryland and Virginia and is subject to quotas from the Atlantic States Marine Fisheries Commission. Although regulators do not allow female crabs to be harvested, naturalists say the rule will not be strictly enforced, resulting in the loss of some of the egg-laying animals and a consequent reduction in the birds’ food supply.

The recent decline also fueled calls by naturalists to urge the pharmaceutical industry to stop using LAL, an extract from the blood of crabs used to detect bacteria in vaccines, drugs and medical devices. A synthetic alternative, rFC, is available and used by at least one pharmaceutical company, but the industry as a whole has been slow to embrace the new technique, resulting in continued demand for horseshoe crabs in the bay.

Although the crabs are returned to the sea after bleeding, conservationists believe that up to a third will die or be unable to reproduce. Ironically, there were plenty of crab eggs to eat on the beaches of the bay this year, but a long-term decline in egg availability has severely dented the bird population and thinned any cushion that would allow the species to survive natural hazards.

Larry Niles, an independent wildlife biologist who has trapped, monitored, and counted shorebirds on New Jersey’s bay beaches for the past 25 years, said he expected this year’s red knots to decline as there was evidence of a bad breeding season in season 2020 but shocked at the size of the decline.

He said it was likely due to low sea temperatures in the mid-Atlantic during the 2020 migration. The cold water delayed spawning of the horseshoe crabs until early June, when the birds had already left Delaware Bay to complete their migration.

Many of the birds, weighing just 4.7 ounces when fully grown, are emaciated after flying from Tierra del Fuego in southern Argentina on one of the longest bird migrations. Some fly non-stop for seven days before reaching Delaware Bay, where they usually stay for about two weeks to rest and gain weight.

But last year many could not find food in the bay and continued north to reach their breeding grounds. Dr. Niles estimates that about 40 percent of migrants died in the last year before reaching the Arctic simply because they ran out of energy.

In that year he also blamed the predation by peregrine falcons, whose growing coastal population was supported by the construction of nesting platforms in New Jersey. They often hunt over the beaches of the bay, making it harder for flocks of shorebirds to feed and gain weight.

The best hope for the species’ survival lies in a complete ban on harvesting female horseshoe crabs until the crab population has recovered, said Dr. Niles.

“Rufa nodes, especially red long-haul nodes, could be lost,” he said in a message to supporters. “We can’t stop bad winds or cold water, but we can increase the horseshoe crab population so that birds that arrive in most of these conditions will find an abundance of horseshoe crab eggs.”

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Malaysia lockdown pressures authorities funds, says minister

Malaysia’s government finances are becoming “very constrained” as a surge in Covid-19 infections has once again forced the country into a lockdown, International Trade and Industry Minister Mohamed Azmin Ali told CNBC on Friday.

The Malaysian government has announced a new stimulus package worth 40 billion Malaysian ringgit (roughly $9.68 billion) to help businesses and households cope with another round of “total lockdown” that started on Tuesday.

That latest stimulus came on top of six prior packages worth a total 340 billion Malaysian ringgit (around $82.31 billion) rolled out over the past year. The government said the additional spending could push 2021’s fiscal deficit above its target of 6% of gross domestic product.

People wearing face masks walk in front of the Petronas Twin Towers in Kuala Lumpur, Malaysia, Jan. 29, 2021.

Xinhua News Agency | Getty Images

“Certainly this is (putting) a lot of pressure on our fiscal space, but again … we have no other options except to look at various options to support the industries, the SMEs and also the informal sectors so that they can continue with their economic activities,” Azmin told CNBC’s “Squawk Box Asia.”

During the June 1-14 “total lockdown,” businesses offering essential services will remain open while certain segments of the manufacturing sector can operate with reduced capacity.

Azmin and his ministry have been criticized by opposition politicians and the Malaysian public for allowing some nonessential businesses — such as a furniture firm and a brewery — to operate during the lockdown, according to media reports.  

In a Thursday statement, Azmin said his ministry is not the only one granting permissions to companies that applied to remain open during the lockdown. He added that only 128,150 businesses — involving 1.57 million workers — had obtained approvals to do so, out of 586,308 that applied for permission, according to the Malay language statement translated by CNBC.     

Malaysia’s Covid-19 outbreak has substantially worsened despite the government imposing lockdowns of varying degrees over the past year.

Last week, the Southeast Asian country reported five consecutive days of record infections and on Wednesday registered its largest daily death toll since the start of 2020. Overall, Malaysia has confirmed more than 595,000 Covid cases and 3,096 deaths, data from the health ministry showed on Thursday.

Malaysian director-general of health, Dr. Noor Hisham Abdullah, has urged people to stay at home to break the chain of transmission. A leading figure in the country’s fight against Covid, Noor Hisham warned that the health system could be paralyzed if cases continue to surge.

Azmin said the government is accelerating its national vaccination drive. He explained that the strategy is to administer more than 200,000 doses a day by the end of this month, and double that amount next month.

“We expect to reach the 80% vaccination target as early as August 2021,” said the minister.

But Malaysia’s vaccination progress has been slow. Only 6.2% of the country’s roughly 32 million population have received at least one dose of the Covid vaccine, according to data compiled by statistics site Our World in Data.

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How a Nursing Scarcity Impacts Households With Disabled Kids

Many had placed their hopes on the Biden government’s infrastructure plan, which would allocate $ 400 billion to improve home and community care. But with the President and Republicans arguing over the scope and scope of the proposal, it is unclear whether that part will survive.

Parents, meanwhile, are increasingly carrying an inexorable burden alone.

A nurse who cares for a medically weak child at home has the same duties as in a hospital, but no emergency medical assistance. It’s a tightrope, and experts say prevailing wages don’t reflect the difficulty.

Federal guidelines allow state Medicaid programs to cover home care for eligible children regardless of their families’ income, as the price of 24/7 care would ruin almost anyone. But states generally pay nursing staff at much lower rates than they would for equivalent care in a hospital or other medical center.

“They’re effectively setting a benchmark for employee compensation that puts this area at a competitive disadvantage,” said Roger Noyes, a spokesman for the New York State Home Care Association. In return, government-approved home health insurers that provide nursing families with nurses pay meager salaries and rarely offer health insurance or other benefits to the nurses they employ.

Although home care is better suited to medically ill children, hospitals get about half of Medicaid spending on these cases, compared with 2 percent on home care, studies show.

And Covid-19 created competing demands on care that further reduced the number of home care workers. In light of the pandemic, the state’s largest healthcare provider, Northwell Health, hired 40 percent more nurses in 2020 than the previous year, and hired 1,000 additional temporary nurses once the local hiring pool ran out.

Robert Pacella, the executive director of Caring Hands Home Care, the agency that oversees Henry’s case, noticed the change in January as nurses began reducing shift opportunities and decreasing new applicants.

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Rise in adolescent Covid hospitalizations is reflection of latest variants, Gottlieb says

Dr. Scott Gottlieb pointed on Friday to the highly transmissible Covid-19 variants as a potential cause behind an increase in adolescents being hospitalized with the virus in March and April. 

“It’s concerning, the trends on hospitalizations” among teenagers, said Gottlieb, the former Food and Drug Administration chief during the Trump administration. “I think it’s a reflection of the new, more contagious variants.”

“We are seeing that these variants are more contagious across all age groups, so they’re affecting adults more, but they’re also affecting kids more, so you’re seeing more kids contract symptomatic Covid and more kids get hospitalized, as a consequence of that, particularly B. 117,” Gottlieb told CNBC’s “The News with Shepard Smith.”  

The B. 117 variant is currently the most prevalent strain in the U.S., with 20,915 reported cases, according to the Centers for Disease Control and Prevention.

In the first three months of the year, CDC researchers found that nearly one-third of adolescents hospitalized with Covid required admission into an intensive care unit. Meanwhile, 5% needed invasive mechanical ventilation. To be sure, CDC data shows no teenagers in the U.S. died of Covid in the first quarter of 2021.

CDC director Rochelle Walensky on Friday urged parents to vaccinate their teenagers against Covid, citing more teenagers being hospitalized with Covid.

Disclosure: Scott Gottlieb is a CNBC contributor and is a member of the boards of Pfizer, genetic testing start-up Tempus, health-care tech company Aetion Inc. and biotech company Illumina.

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Ganga Stone, Who Gave Sustenance to AIDS Sufferers, Dies at 79

Ganga Stone, who survived on odd jobs in Manhattan until she discovered that her life’s mission was to bring free homemade meals to bedridden AIDS patients on her bicycle, then expanded her volunteer corps of cooks and couriers into an enduring organization called God’s Love We Deliver, died on Wednesday in Saratoga Springs, N.Y. She was 79.

Her death, at a health care facility, was confirmed by her daughter, Hedley Stone. She said a cause had not been determined.

In 1985, Ms. Stone was selling coffee from a cart on Wall Street and feeling unfulfilled. She came to the conclusion, she later told The New York Times, that “if my life were not useful to God in some direct way, I didn’t see the point in living it.”

But while volunteering at the Cabrini Hospice on the Lower East Side, she had an epiphany. She was asked to deliver a bag of groceries to Richard Sale, a 32-year-old actor who was dying of AIDS. When she realized that he was too weak to cook, she rounded up friends, who agreed to bring him hot meals.

“I had never seen anyone look that bad,” she recalled. “He was starving, and he was terrified.”

Legend has it that when she returned to the neighborhood with food tailored to Mr. Sale’s nutritional needs, she ran into a minister, who recognized her. When she told him what she was doing, he replied: “You’re not just delivering food. You’re delivering God’s love.” (In another version of the origin story, Ms. Stone said she was brushing her teeth when she envisioned “We Deliver” signs on restaurant storefronts.)

“It’s the perfect thing — it’s so nonsectarian it’s impossible to misunderstand,” she told The New Yorker in 1991.

The fledgling organization — made up of Ms. Stone and a few friends, including her roommate, Jane Ellen Best, with whom she founded the organization — began by delivering meals, home-cooked or donated by restaurants, to mostly gay men who were too incapacitated by a then-mysterious disease to shop or cook. They left their orders on her answering machine.

Not everyone wanted a gourmet meal.

“One guy wanted a can of Cheez Whiz and saltines,” Ms. Stone said.

In the first year alone, 400 of their clients died.

As the epidemic spread, the group attracted publicity and support from religious groups, government agencies and celebrities. (Blaine Trump, the former wife of former President Donald J. Trump’s brother Robert, is the vice-chairwoman.)

This year, God’s Love We Deliver, with a budget of $23 million, hopes to distribute 2.5 million meals to 10,000 people in the New York metropolitan area who are homebound with various diseases.

Ingrid Hedley Stone was born on Oct. 30, 1941, in Manhattan and raised in Long Island City, Queens, and the Bronx. Her father, M. Hedley Stone, a Jewish immigrant from Warsaw who was born Moishe Stein, was a Marxist who was an organizer for the National Maritime Union and later its treasurer.

Her mother, Winifred (Carlson) Stone, a daughter of Norwegian immigrants, was a librarian (she established the library for the National Council on Aging), who suffered from Lou Gehrig’s disease when Ms. Stone was in her mid 20s.

A graduate of the Fieldston School in the Bronx, Ms. Stone studied comparative literature at Carleton College in Minnesota and attended Columbia University’s School of General Studies, but never graduated.

Her eclectic résumé of jobs included driving a cab and working as a morgue technician. She was hired as a waitress at the Manhattan nightclub Max’s Kansas City, where she met Gerard Hill, an Australian busboy. They married in 1970, but she left the marriage after 13 months, and the couple divorced in 1973.

In addition to her daughter, her survivors include a son from that marriage, Clement Hill, and a sister, Dr. Elsa Stone.

A self-described radical feminist, Ms. Stone was steered by her yoga instructor to the spiritual teachings of Swami Muktananda. In the mid-1970s, after sending her 6-year-old son to live with his father, she embarked on a two-year retreat to the swami’s ashram in Ganeshpuri, India. She cleaned laundry, washed floors and went nine months without speaking. The swami named her Ganga, for the Ganges River.

When she returned to New York, Ms. Stone resumed her composite career until the mid-1980s, when she was inspired to start God’s Love.

She retired as the organization’s executive director in 1995 and was succeeded by Kathy Spahn. The next year, Ms. Stone, who taught courses about dying, published “Start the Conversation: The Book About Death You Were Hoping to Find.” She lived in Saratoga Springs.

“I’ve always been attracted to working with dying people, since it seems to me that there’s no more important moment in a human life than that one,” Ms. Stone told The New Yorker. “Everything else can go badly, but if that moment goes well, it seems to make a difference, and I wanted to make a difference in those moments for people.”

She added, “My sense of my own role in life was to share with people what I know about the deathless nature of the human self, but you can’t comfort people who haven’t eaten.”

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Vaccine hesitancy in Asia which lags U.S., Europe as instances surge

A doctor walks past the banner announcing a Covid-19 vaccination campaign in Hyderabad, India on May 28, 2021.

Noah Seelam | AFP | Getty Images

SINGAPORE – Asia Pacific is struggling to vaccinate its population as Covid-19 infections are increasing rapidly in many places in the region, some at record levels.

Many Asian governments have problems securing vaccines, said Benjamin Cowling, a professor at the University of Hong Kong’s School of Public Health. Also, early successes in containing the coronavirus in Asia may have led people to view vaccination with less urgency, he added.

“If we have had very few infections in the past year, the idea is that Covid is not such a risk and we could go to zero (cases) if we just did the face mask and social distancing – no rush to vaccinate. Hesitation was one big problem, ”Cowling, who heads the school’s epidemiology and biostatistics department, told CNBC’s Squawk Box Asia on Tuesday.

In short, Asia has gone from being a flagship of containment successes to being a laggard when it comes to adopting vaccinations.

The region is now experiencing a renewed increase in infections.

India, Nepal, Malaysia, Japan and Taiwan are among those who broke records in the number of daily cases in the past month – prompting authorities to impose new restrictions in an attempt to contain the cases.

Asia’s Covid vaccination

Countries in the Asia-Pacific region have combined about 23.8 doses of Covid vaccine per 100 people, according to CNBC analysis of data compiled by the June 1 stats website Our World in Data.

That’s well below the roughly 61.4 doses per 100 people in North America and the 48.5 doses per 100 people in Europe, the data showed. Africa is the region with the slowest vaccination campaign, and data suggests that only 2.5 doses were given for every 100 people.

Economists at French bank Natixis have been tracking vaccine shipments and vaccination progress in the Asia-Pacific region. They said in a press release last month that while supply shortages have been a major contributor to slow vaccination in the region, few economies are currently facing this problem.

The economists named Indonesia, Thailand, Taiwan, the Philippines and Vietnam as “those who have not yet received the necessary doses for mass vaccination”.

“Public demand remains weak, however,” said the Natixis report. “Skepticism about the newly developed vaccines seems to be a common reason for reluctance around the world. But it is even more so in Asia, where more effective containment has resulted in less urgency.”

Leader and straggler

In the Asia-Pacific region, Mongolia and Singapore lead the way with around 97 and 69 total vaccinations per 100 inhabitants, respectively, according to Our World in Data.

The data showed that many border and emerging countries such as Vietnam and Afghanistan are lagging behind.

According to a report by research firm Fitch Solutions, several frontier and emerging markets in Asia are relying on COVAX – a global vaccine exchange initiative – for Covid vaccines.

But supplies to COVAX are now at risk because India has restricted exports of vaccines, the report said. Located in India is the vaccine maker Serum Institute India, which is a key supplier of Covid doses for the initiative.

If Indian exports do not resume soon, many low- and low- and middle-income countries that rely on COVAX will experience “further delays” in their vaccination progress, warned Fitch solutions.

Recovery in Asia vs. West

Based on current vaccination rates, Natixis economists predict that this year only Singapore and mainland China will be able to vaccinate 70% of their respective countries’ populations – a similar schedule to the US and UK

This is the threshold that some medical experts say is necessary to achieve “herd immunity” when the virus stops being transmitted quickly because most people are immune from vaccination or after infection.

Asian economies still struggling for vaccine deliveries may not hit that threshold until 2025 or beyond, the economists said.

Slow advances in vaccination will hit some Asian economies harder than others, Natixis economists said. They said the Philippines, Thailand and Malaysia had the biggest Urgency of vaccination due to lackluster handling of the pandemic or a huge economic burden from tourism.

“In short, Asia has gone from being a flagship of containment successes to being a laggard in vaccination adoption,” said Natixis, adding that social distancing and cross-border restrictions will remain in place in the region longer compared to the west.

“The broader economic reopening in the West, based on a much faster roll-out of vaccines, particularly for the US and increasingly also for the EU, could exacerbate divergence and make Asia more vulnerable and less favorable to investment on its path to recovery. “

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U.S. Covid Vaccine Donations Will Go to ‘Large Vary’ of Nations

And the president has pledged to donate up to 60 million doses of AstraZeneca’s vaccine. However, these cans, which are also manufactured in the Emergent facility, are not approved for domestic use and may not be released in other countries until the regulatory authorities deem them safe. If they weren’t cleared for release, Mr. Biden would have to agree to donate more of the three vaccines used here in order to fulfill his 80 million pledge.

The president has described vaccine donations as part of an “entirely new effort” to increase vaccine supply and significantly expand manufacturing capacity, most of it in the United States. To further expand the offering, Mr. Biden recently announced that he would support the waiver of intellectual property protection for coronavirus vaccines. He also made Mr. Zients responsible for developing a global vaccine strategy.

But activists say it’s not enough to simply donate overdoses and support renunciation. They argue that Mr Biden needs to create the conditions for pharmaceutical companies to transfer their intellectual property to vaccine manufacturers abroad so that other countries can set up their own vaccine manufacturing operations.

Peter Maybarduk, director of the Public Citizen’s Access to Medicines program, on Thursday called on the government to invest $ 25 billion in “urgent public vaccine manufacturing in locations around the world” to generate eight billion doses of vaccine within a year using mRNA To create and “share” technology. these vaccine prescriptions with the world. “

When asked recently whether the United States would be ready, Andrew Slavitt, a senior health advisor to the President, sidestepped the question, saying only that the United States would “play a leadership role” but still “global partners across the board.” World ”. ”

On Thursday, Mr Zients said the United States would repeal the Defense Production Act “priority assessment” for three vaccine manufacturers – AstraZeneca, Novavax and Sanofi – that do not make coronavirus vaccines for use in the United States. The shift means companies in the United States supplying vaccine manufacturers “can make their own decisions about which orders to fill first,” Zients said.

This could free up supplies for foreign vaccine manufacturers and allow other countries to ramp up their own programs.

Abdi Latif Dahir contributed to the coverage.

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5 issues to know earlier than the inventory market opens Friday, June 4

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

1. Stock futures rose after the slight job report in May

Trader on the New York Stock Exchange.

Source: NYSE

U.S. President Joe Biden (left) wears a protective mask while speaking with Senator Shelley Moore Capito, a Republican from West Virginia, in the Oval Office of the White House in Washington, DC, the United States, on Thursday, Jan.

TJ Kirkpatrick | Bloomberg | Getty Images

US companies observe infrastructure talks between President Joe Biden and Senator Shelley Moore Capito, the GOP negotiator. They want to meet again on Friday. At their meeting on Wednesday, Biden proposed a minimum 15% tax on businesses as part of a compromise to pay for a smaller infrastructure package worth $ 1 trillion.

2. Employment growth in May has doubled compared to April

A General Motors assembly worker loads engine block castings onto the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, the United States, August 21, 2019.

Rebecca Cook | Reuters

Employment growth last month was about twice as fast as in April. The US economy added 559,000 non-agricultural workers in May, compared with an estimate of 671,000. As the restrictions on the Covid pandemic were further relaxed, 186,000 food services and drinking places were added in May. The total number of jobs in April has been revised up by 12,000 to 278,000.

The country’s unemployment rate fell to 5.8% in May, compared to estimates of 5.9%. Investors continued to believe that a modest increase in jobs would prevent the Federal Reserve from hike rates and tighten monetary policy.

3. AMC boss advocates selling more shares in a YouTube interview

Chairman / CEO of AMC Entertainment Inc. Adam Aron speaks on stage at the Will Rogers Pioneer of the Year Dinner 2018 at Caesars Palace during CinemaCon, the official convention of the National Association of Theater Owners, on April 25, 2018 in Las Vegas, Nevada .

Alberto E. Rodriguez | Getty Images

AMC Entertainment’s shares fell more than 3% in the premarket on Friday, in a wild, Reddit-fueled week of trading that saw shares nearly double on Wednesday and then retreat nearly 18% on Thursday. CEO Adam Aron sat down with Trey Collins, the host of Trey’s Trades channel on YouTube, on Thursday evening. Many of the channel’s subscribers are AMC investors. After two separate stock sales this week that raised approximately $ 800 million in cash, Aron urged shareholders to support a new plan to issue an additional 25 million shares. Aron reiterated that AMC is looking at a number of acquisition opportunities.

4. Bitcoin falls after Elon Musk tweeted a breakup meme

Bitcoin fell nearly 5% to around $ 36,700 on Friday morning, hours after Tesla CEO Elon Musk tweeted a meme depicting a couple breaking up using a bitcoin hashtag and broken heart emoji. Other cryptocurrencies, including Ether and Dogecoin, also fell. In May, Musk said that Tesla would no longer accept Bitcoin as a payment method due to concerns about energy consumption.

5. Bill Ackmans SPAC confirms talks to acquire 10% of Universal Music

Bill Ackman, Founder and CEO of Pershing Square Capital Management.

Adam Jeffery | CNBC

Pershing Square Tontine Holdings, the special purpose vehicle owned by billionaire investor Bill Ackman, confirmed on Friday that it is in talks to buy 10% of Universal Music Group for around $ 4 billion. The transaction would be worth approximately $ 42 billion to Universal Music. The holding company said the transaction would not result in a merger and Universal Music would conduct a scheduled listing on Euronext Amsterdam in the third quarter of 2021.

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

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Can Journey Be Enjoyable Once more?

I took my first commercial flight in early May as travel restrictions were eased and my vaccination was working to its full potential to visit my daughter in Texas. I didn’t feel very insecure; it was psychologically uncomfortable, but I’ve always hated airports and planes. I did not eat or drink anything on board and my mask was firmly attached to my face.

Still, there was a sense of festive nostalgia associated with reclaiming heaven, a feeling I usually associate with returning to a university where I once studied or revisiting the summer of childhood. As we plunged through the clouds into the stratosphere of private sunshine so familiar to jet travelers, I felt the restless joy I discovered when I hugged friends for the first time after vaccination. The quarantine had given me extra time with my husband and son, days for writing, and the calming repetition patterns. But the outbreak was a relief nonetheless.

Despite the fear that comes with it, traveling is a relief. The things, places, and people I loved and will love have been out there all along, and I’m no longer chained to New York with a leg irons. In September I would like to return to London for a friend’s 50th birthday and see my seven English sponsored children. I have been out of the UK, where I have citizenship, longer than ever since I was 12.

The question of traveling is not just a question of fun. Travel is a necessary part of our training. The 19th century naturalist Alexander von Humboldt wrote: “No worldview is as dangerous as the worldview of those who have not seen the world.” Just as the limits of our bubbles easily drove many of us crazy during quarantine, it was devastating for many of us to be locked up in our own country. The success of any country depends on the curiosity of its citizens. If we lose that, we will lose our moral compass.

As much as I long to go elsewhere, I also enjoy welcoming people to these shores. It’s scary to walk through New York City’s great museums and not hear the noise of 100 languages. Travel is a one-way street, and let’s hope it will soon be bumper-to-bumper in both directions.

At the end of “Paradise Lost” Adam and Eve are banished from the Garden of Eden and John Milton makes no secret of their fear of displacement. But it doesn’t end on that sour note, as banishment from one place meant an opportunity to find another, however timidly that process was carried out:

She let fall some natural tears, but soon wiped them away;
The world was all before them where to choose
The place of rest and providence, the guide:
They walk hand in hand with wandering steps and slowly
This lonely path went through Eden.

So let’s go back to the pre-Covid options. When the virus is under control, we will get going with renewed vigor. The world is right before us. We can start with wandering steps and slowly, carefully, and insecurely. But remember. A year ago many of us feared going further than the grocery store; Now we’re getting an entire planet back to explore, albeit cautiously.

Andrew Solomon, professor of medical clinical psychology at Columbia University Medical Center, is the author of Far and Away: How Travel Can Change the World.