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5 issues to know earlier than the inventory market opens Thursday, March 25

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

1. Stock futures are going lower on comments from Fed Chairman Powell

Traders on the floor of the New York Stock Exchange.

Source: NYSE

US stock futures fell Thursday after Federal Reserve Chairman Jerome Powell told NPR’s Morning Edition that Covid stimulus and vaccinations could help the US economy recover faster than expected that central bankers may at some point be able to withdraw the emergency aid.

The late-day selling reversed gains, dragging the S&P 500 down 0.6% on Wednesday. The Dow Jones Industrial Average fell in the closing seconds of Wednesday’s session. The Nasdaq fell 2% after a slightly higher open gave way to a selling day. Tech stocks were lower despite 10-year government bond yields below the recent 14-month high as market rotation from soaring growth names continued. The Nasdaq last closed at a record high in February. The Dow and S&P 500 last closed at record highs last week.

The Department of Labor reported 684,000 Thursday morning new claims for unemployment benefit last week. That was much better than estimates for 735,000, and for the first time since the Covid pandemic started just over a year ago, initial weekly jobless claims were below 700,000.

A separate government release on Thursday morning showed that US economic growth was stronger than expected in the fourth quarter. The third and final reading of gross domestic product in the fourth quarter found it was up 4.3% from previous estimates and the Wall Street consensus of 4.1%.

2. AstraZeneca revises Covid vaccine data with a lower effectiveness rate

A healthcare worker prepares to inject a vaccine against AstraZeneca coronavirus disease (COVID-19).

Eloisa Lopez

AstraZeneca has released updated Covid vaccine numbers from its late-stage study in the US and Latin America after US health officials questioned the accuracy of preliminary data earlier this week. The UK-based drug giant now says its vaccine is 76% effective against symptomatic virus cases. A press release published on Monday found an effectiveness rate of 79%. AstraZeneca reiterated that its two-shot regime was “well tolerated” among participants and no safety concerns were identified.

3. Biden holds first presidency press conference

United States President Joe Biden replaces his face mask after an Equal Pay Day event in the South Court Auditorium in the Eisenhower Executive Office Building on March 24, 2021 in Washington, DC.

Chip Somodevilla | Getty Images

The White House announced Thursday that it is allocating an additional $ 10 billion to boost vaccination rates in low-income, minority and rural communities. More than 25% of the total US population received at least one dose of vaccine, including 14% who were fully vaccinated. The Pfizer and Moderna vaccines require two shots, while the Johnson & Johnson vaccine contains only one shot.

Against the backdrop of increasing cases of Covid in many states and more than 30 million U.S. infections, President Joe Biden will hold his first presidential press conference. He is expected to indicate a surge in vaccinations, which is driving signs for the economy and what benefits Americans will get from the latest major stimulus package. After mass shootings in Colorado and Georgia, he is also likely to face a variety of issues, from border security between the US and Mexico to gun control.

4. Oil prices are falling as Covid concerns outweigh the Suez Canal disruption

Cropped satellite images captured on March 23, 2021 show the cargo container ship Ever Given blocking the Suez Canal in Egypt.

Planet Labs

Oil prices fell Thursday as fuel demand concerns resurfaced and worries about regressions in the global fight against Covid resurfaced. US benchmark West Texas Intermediate Crude Oil and Brent International Benchmark prices each fell around 2% a day after falling nearly 6% due to ship disruptions caused by the landing of a giant container ship in the Suez Canal, a major oil trading route. had risen. It could take weeks to fix the problem, according to the CEO of a Dutch company helping with the recovery effort.

5. Legislators urge technical CEOs to use language and misinformation

Facebook CEO Mark Zuckerberg says before the House’s Antitrust, Commercial and Administrative Law Subcommittee during a hearing on “Online Platforms and Market Power” in the Rayburn House office building on Capitol Hill in Washington, DC on July 29th 2020 off.

Almond Ngan | Pool via Reuters

Those in charge of Big Tech should testify on Thursday at a hearing of the virtual house panel how they should prevent their platforms from spreading falsehoods and inciting violence. Mark Zuckerberg, CEO of Facebook, Jack Dorsey, CEO of Twitter, and Sundar Pichai, CEO of Alphabet, which owns Google and YouTube, become one after the January 6 riot at the U.S. Capitol and the rise in misinformation about Covid vaccines be exposed to increased pressure. Increasingly, Congress supports the introduction of new restrictions on the legal protection of speeches published online.

– Associated Press and Reuters contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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Health

5 issues to know earlier than the inventory market opens Friday, March 26

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

1. Dow to complement Thursday’s late session comeback

Traders work on the trading floor of the New York Stock Exchange.

NYSE

Pedestrians wearing protective masks carry shopping bags in San Francisco, California on Wednesday, February 17, 2021.

David Paul Morris | Bloomberg | Getty Images

The trading department reported Friday morning that personal income fell 7.1% in February, which was roughly in line with expectations. Personal savings fell 1% last month, which is also broadly in line with estimates. Both income and savings numbers were strong in January as Americans received approved Covid stimulus checks in December. Another round of direct payments to many Americans approved in March could appear in the data in the coming months.

2. The office sharing company WeWork signs a new deal to go public

A guest attends the opening ceremony of WeWork Hong Kong’s flagship facility in Hong Kong, China, on Feb.23, 2017.

Bobby Yip | Reuters

WeWork, which went public in 2019 after a dwindling valuation and the resignation of co-founder Adam Neumann, has hit a new deal to go public. The office sharing company agreed on Friday to partner with acquisition company BowX Acquisition Corp. to merge. The transaction values ​​WeWork at $ 9 billion, a fraction of its one-time valuation of approximately $ 47 billion. According to the announcement, BowX’s shares rose 2.5% on the Friday before going public.

3. GameStop stocks open higher after rising above 50%

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop shares rose roughly 10% on the Friday before entering the market, the morning after a five-time losing streak and up 52%. There was no obvious news on Thursday. GameStop was the most famous “meme stock” that was popular with retailers on Reddit and other social media platforms. The stock lost about a third of its value on Wednesday after the video game retailer delivered disappointing fourth quarter results, failed to detail its digital turnaround plans and confirmed it was considering selling more shares.

4. Tesla ordered Elon Musk to delete anti-union tweet

Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves as he arrives for a discussion at the Satellite 2020 conference in Washington, DC on Monday, March 9, 2020.

Andrew Harrer | Bloomberg | Getty Images

The National Labor Relations Board urged Tesla to get Elon Musk to delete a tweet that was viewed as a threat to work organizers at the company. The independent federal agency also ordered Tesla to reinstate a laid-off employee, Richard Ortiz, a union attorney. Tesla must also compensate Ortiz for lost earnings, benefits, and adverse tax consequences resulting from his termination. The NLRB’s decision largely corresponded to the decision of an administrative judge in 2019, which Tesla had appealed to the full board.

5. Delays in blocking the Suez Canal estimated at $ 400 million an hour in goods

The stranded container ship Ever Given, one of the largest container ships in the world, ran aground in the Suez Canal in Egypt on March 25, 2021.

Suez Canal Authority | Reuters

The Ever Given, a stranded mega-container ship in the Suez Canal, trades an estimated $ 400 million an hour based on the approximate value of goods transported daily through the key waterway. That’s according to shipping data and news company Lloyd’s List. Lloyd’s estimates traffic to the west of the Canal at around $ 5.1 billion per day and traffic to the east at around $ 4.5 billion per day. The Suez Canal, which separates Africa from Asia, is one of the busiest trade routes in the world.

– Get the latest on the pandemic using CNBC’s coronavirus blog.

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Business

5 issues to know earlier than the inventory market opens Wednesday, March 24

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

1. Stocks will pick up again after Tuesday’s wide sell-off

People are seen on Wall Street in front of the New York Stock Exchange (NYSE) in New York City on March 19, 2021.

Brendan McDermid | Reuters

2. Yellen, Powell for day 2 of business report

Federal Reserve Chair Janet Yellen (L) congratulates Fed Governor Jerome Powell on his swearing-in ceremony for a new term on the Fed’s Board of Directors in this flyer photo taken and posted on June 16, 2014.

US Federal Reserve | Reuters

Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell will provide a second day of economic statements to lawmakers as required by the March 2020 quarterly Covid Relief Act. You will remotely appear before the Senate Banking Committee at 10 a.m. CET. On Tuesday they told the House Financial Services Committee that increased valuations of assets in the pockets of the markets were not yet a cause for concern. Yellen and Powell also said they are confident in the stability of the financial sector as the U.S. economy continues to recover from the pandemic.

3. GameStop goes down after confirmation of a possible sale of stocks

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop shares fell 12% on the Wednesday leading up to the IPO after the company confirmed in a message that it was considering selling additional shares. The stock rose more than 2,400% in the Reddit trading frenzy in January before crashing. It made a comeback in late February and early this month in the hope of digital transformation. However, the last few days’ stocks have been down. After the closing bell on Tuesday, GameStop missed the upper and lower profit margins with quarterly results. However, in the quarter, ecommerce sales grew 175%. The company also named former Amazon and Google CEO Jenna Owens as its new chief operating officer.

4. Intel builds new chip systems; Amazon appoints new cloud boss

Pat Gelsinger, CEO of Intel, speaks in a photo taken as CEO of VMware on March 9, 2017 in Santa Monica, California.

Patrick T. Fallon | Bloomberg | Getty Images

Dow stock Intel rose roughly 4% in premarket trading after the company announced late Tuesday that it would spend $ 20 billion to build two new semiconductor factories in Arizona. The announcement, which coincides with the first public statements by new CEO Pat Gelsinger since taking the contract, signals that Intel will continue to focus on manufacturing during the industry shifts that have led competitors to increasingly separate chip design and manufacturing will focus.

Andy Jassy, ​​CEO of Amazon Web Services, speaks at the WSJD Live conference on October 25, 2016 in Laguna Beach, California.

Mike Blake | Reuters

Andy Jassy, ​​CEO of Amazon, who has headed the company’s cloud business for 15 years, revealed his successor at Amazon Web Services in a memo. Adam Selipsky, former managing director of Amazon and currently CEO of Salesforce’s own manufacturer of data visualization software Tableau, has been selected to lead the AWS department.

5. Elon Musk Says People Can Now Buy A Tesla Using Bitcoin

Tesla, led by Elon Musk, confirmed it bought around $ 1.5 billion worth of bitcoin in January and expects it to be accepted as payment in the future.

Artur Widak | NurPhoto | Getty Images

Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the US with Bitcoin. “You can now buy a Tesla with Bitcoin,” tweeted CEO Musk, who was officially named “Technoking of Tesla” this month. People outside the US can buy a Tesla with Bitcoin “later this year,” Musk said, without specifying which countries. The electric car maker announced in February that it had bought $ 1.5 billion worth of Bitcoin. At the time, Tesla said it would soon start accepting the world’s largest and most popular cryptocurrency as payment.

– Get the latest on the pandemic using CNBC’s coronavirus blog.

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Health

5 issues to know earlier than the inventory market opens Thursday, March 18

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

1. Nasdaq, S&P 500 Futures Affected by Another Rise in Treasury Yields

A man walks in front of the Nasdaq building in Times Square on March 10, 2021 in New York.

John Smith | Corbis News | Getty Images

A woman walks outside a store in New York City on February 22, 2021.

John Smith | Corbis News | Getty Images

As the Fed raised its outlook for economic growth and inflation, it lowered its forecast for the unemployment rate this year to 4.5%. The unemployment rate in February was 6.2%. In another reference to the employment picture, the Ministry of Labor reported more than expected 770,000 new applications for unemployment benefit on Thursday morning despite loose Covid reduction measures in the past week. Economists had expected 700,000 initial unemployment claims.

2. Bond traders continue to battle the Fed over rates

Federal Reserve Chairman Jerome Powell speaks at a virtual press conference in Tiskilwa, Illinois on December 16, 2020.

Daniel Acker | Bloomberg | Getty Images

Despite assurances from the Fed that near zero rates are unlikely to rise until 2023, the yield on 10-year government bonds hit 1.74% on Thursday, a high through January 2020 as traders continued to battle central banker rates. The rapid rise in the benchmark yield, which started below 1% this year, has weighed on high-growth stocks, many of which are technology companies on the Nasdaq, as higher interest rates undermine the value of future earnings and depress market valuations. In addition to releasing forecasts on Wednesday afternoon after its two-day March meeting, the Fed left interest rates and asset purchase program unchanged.

3. Top Biden officials and Chinese diplomats meet

U.S. Secretary of State Antony Blinken speaks during a joint press conference following the meeting of Foreign and Defense Ministers between South Korea and the United States at the State Department in Seoul, South Korea, on March 18, 2021.

Lee Jin-Man | Reuters

America’s top diplomat urged China early Thursday to use “enormous influence” to convince North Korea to abandon its nuclear program hours after secluded Pyongyang vowed to ignore any US overtures to resume negotiations. State Secretary Antony Blinken spoke in Seoul at the end of the security talks with South Korea.

Blinken will meet senior Chinese officials on his way back to Washington Thursday in Anchorage, Alaska. Relations between the world’s two largest economies have been torn for years, and the Biden administration has yet to signal whether it is ready or ready to back off the tough stance of former President Donald Trump.

4th house to vote on two immigration laws, including one for “dreamers”

Protesters hold illuminated signs during a rally supporting the Deferred Action for Childhood Arrivals (DACA) program or the Dream Act outside the U.S. Capitol in Washington, DC on January 18, 2018.

Zach Gibson | Bloomberg | Getty Images

The House was due to vote on Thursday on a bill that would give so-called dreamers, immigrants brought to the United States as children, full legal status and a chance for citizenship. A second measure would do the same for agricultural workers with a migrant background. Both measures certainly seemed to pass. When similar versions of the bills were passed in 2019, seven Republicans voted in favor of the Dreamers bill and 34 backed the farm workers’ move. However, support for the GOP is expected to wane this time around as the party rallies behind calls for tighter restrictions on the US-Mexico border.

5. The federal tax return day on April 15th was postponed until May 17th

IRS headquarters in Washington, DC

Samuel Corum / Bloomberg via Getty Images

The tax return date on April 15th has been postponed by one month. Taxpayers can also delay paying funds owed to the IRS until May 17th. However, the extended period only applies to federal income declarations and taxes. This means taxpayers will need to check to see if state tax due dates have changed. Not all federal states follow the same registration plan as the federal government. The call for a tax day delay has been heightened following the adoption of the latest Covid Relief Plan, which mandates the IRS to submit another round of direct payments at the same time it normally processes tax returns and refunds.

– The Associated Press contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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Health

5 issues to know earlier than the inventory market opens Friday, March 19

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

1. Single stock futures reduced profits after Thursday’s sale

Traders work on the trading floor of the New York Stock Exchange.

NYSE

US stock futures cut profits after the Federal Reserve refused on Friday to extend a pandemic rule that eased the amount of capital banks had to hold against treasuries and other holdings. The move could boost bond yields further. Rising government bond yields weighed on technology stocks again on Thursday, causing the Nasdaq to fall 3%. The S&P 500, which also has a high tech weighting, fell almost 1.5% from its previous record close. Both stock benchmarks had their worst days in nearly a month. The Dow Jones Industrial Average fared much better, but was still down nearly 0.5% from its previous record close. The Nasdaq and S&P 500 were lower for the week at Thursday’s close, while the Dow was higher for the week.

2. The bond market rebels when it adjusts to the Fed’s inflation policy

Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill, Washington, the United States, on Dec. 1, 2020.

Al Drago | Reuters

The 10-year government bond yield pulled back slightly on Friday, a day after hitting a 14-month high of 1.754%. Traders were outraged by the Federal Reserve’s willingness to let the economy and inflation heat up when the job market rebounds. Yields barely moved on Wednesday afternoon after the Fed’s meeting ended, initially responding to the forecast that there should be no rate hikes until 2023. The rapid rise in yields is due to fears that further Covid stimuli, on top of an already recovering economy, could trigger worrying inflation. The 10 year return started the year at less than 1%.

3. Nike Sales Miss Estimates; Beat FedEx Revenue

The Nike logo can be seen in the Nike Store in New York City on February 22, 2021.

John Smith | Corbis News | Getty Images

Dow stock Nike fell 2.5% in the pre-market on Friday the morning after the athletic footwear and apparel maker reported third-quarter sales that missed estimates. Sales growth of 2.5% to $ 10.36 billion was negatively impacted by widespread congestion in US ports and ongoing store closures in Europe. Nike also provided a sub-consensus forecast. However, the company beat estimates by 14 cents on earnings of 90 cents per share for the third quarter.

Boxes containing the Moderna COVID-19 vaccine are being prepared for shipment at the McKesson distribution center in Olive Branch, Mississippi, United States, on December 20, 2020.

Paul Sancya | Reuters

FedEx, a component of the Dow Jones Transportation Average, rose 5% on the Friday ahead of the market. The delivery giant after the bell on Thursday reported earnings of $ 3.47 per share for the third quarter, 24 cents better than expected. Revenue rose 23% to $ 21.51 billion, also significantly beating estimates. Large Christmas sales made up for storms in February that affected operations at several of Fedex’s largest hubs.

4. The US has administered over 100 million Covid shots, according to the CDC

United States President Joe Biden speaks on vaccination status during a coronavirus disease (COVID-19) response in the East Room of the White House in Washington on March 18, 2021.

Carlos Barria | Reuters

The CDC’s nightly updated vaccine tracker showed Friday morning that 115.7 million Covid vaccine doses had been administered in the U.S. and hit President Joe Biden’s first 100 million shots in his first 100 days in office well ahead of schedule. Last week, Biden said he expected to hit the goal on day 60. It happened on Day 57. As vaccinations progressed in the US, the Biden government on Thursday revealed the outline of a plan to distribute limited doses of vaccine to Canada and Mexico.

5. The first US-China meeting under Biden got off to a rocky start

US Secretary of State Antony Blinken speaks to Yang Jiechi, Director of the Central Commission’s Office for Foreign Affairs and Wang Yi, China’s Foreign Secretary 2021, at the opening session of the US-China Talks on March 18 at the Captain Cook Hotel in Anchorage, Alaska .

Frederic J. Brown | AFP | Getty Images

The first high-level meeting of U.S. and Chinese officials under the Biden administration began with a series of insults at a press briefing ahead of the meeting in Alaska on Thursday. The planned four-minute photo session for officers to address reporters lasted an hour and 15 minutes, according to NBC News due to the foamy exchange. The expectations for the two-day talks, which should be concluded on Friday, were already low.

– The Associated Press contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

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World News

Covid-19 Vaccine Stay Updates: Mississippi Opens Eligibility, Italy Lockdown and Extra

Here’s what you need to know:

Credit…Rory Doyle for The New York Times

Mississippi will become the second state to open Covid-19 vaccinations to all of its adult residents, following a call from President Biden for all states to do so by May 1.

Alaska opened its vaccination doors last week to anybody 16 or older who lives or works in the state. The change in Mississippi takes effect Tuesday.

“Get your shots, friends,” Gov. Tate Reeves announced on Twitter. “And let’s get back to normal!”

The pace of vaccinations in the United States has steadily increased as production has ramped up, from well under one million shots per day on Jan. 20, when Mr. Biden took office, to about 2.4 million doses per day on average, according to a New York Times database.

Mr. Biden’s team has made key decisions that quickened the manufacturing and distribution of vaccines, but now the country faces the challenge of getting all those shots into arms. Mass vaccination sites across the country are opening up or increasing their capacity, in part to respond to the influx of doses from the single-shot Johnson & Johnson vaccine.

But more challenges remain, including improving access in communities of color and convincing Americans wary for a variety of reasons that getting vaccinated is safe and effective.

Although Mississippi lags most states in the share of its population that has been vaccinated, it is doing better than all of its neighbors except Louisiana, according to a New York Times tracker. As of Sunday, about 20 percent of Mississippians have received at least one shot, and 11 percent have been fully vaccinated.

The state had already opened eligibility further than most states, to cover everyone 50 or over. Governor Reeves urged older residents to book appointments as soon as possible.

Gov. Gretchen Whitmer of Michigan has said that her state will drop its restrictions on eligibility by April 5, about a month before Mr. Biden’s deadline. Gov. Ned Lamont of Connecticut said his state would as well, tentatively opening vaccine eligibility to all adults on April 5.

“It’s still going to take some time to get the vaccine to everyone who wants it, and I urge patience to the greatest extent possible,” Mr. Lamont said in a news release.

Officials in Washington, D.C., said on Monday that they would do the same by May 1, allowing anyone 16 or older who lives in the city to be inoculated.

In New York, where the minimum age was recently lowered to 60, the state will open three new mass vaccination sites on Long Island at the end of the week, Gov. Andrew M. Cuomo said on Monday at a news conference. The sites will be on college campuses in Old Westbury, Brentwood and Southampton.

More categories of public-facing workers will become eligible in New York on Wednesday, including government employees, building services workers and employees of nonprofit groups. Mr. Cuomo has yet to announce how or when the state would open eligibility to all adults.

About 92.6 million vaccine doses have been administered since Mr. Biden’s inauguration, according to data released on Monday by the Centers for Disease Control and Prevention. At the current pace, the country will pass 100 million doses under Mr. Biden before the end of the week.

United States › United StatesOn March 14 14-day change
New cases 38,034 –19%
New deaths 572 –31%
World › WorldOn March 14 14-day change
New cases 369,370 +11%
New deaths 5,360 –6%

U.S. vaccinations ›

Where states are reporting vaccines given

Peter Krage, 54, a gerontological nurse, getting his first dose of the AstraZeneca vaccine in Rostock, Germany, last month.Credit…Lena Mucha for The New York Times

As a third wave of the pandemic crashes over Europe, questions about the safety of one of the continent’s most commonly available vaccines led Germany, France, Italy and Spain to temporarily halt its use on Monday. The suspensions created further chaos in inoculation rollouts even as new coronavirus variants continue to spread.

The decisions followed reports that a handful of people who had received the vaccine, made by AstraZeneca, had developed fatal brain hemorrhages and blood clots.

The company has strongly defended its vaccine, saying that there is “no evidence” of increased risk of blood clots or hemorrhages among the more than 17 million people who have received the shot in the European Union and the United Kingdom.

“The safety of all is our first priority,” AstraZeneca said in a statement Monday. “We are working with national health authorities and European officials and look forward to their assessment later this week.”

The timing of the pause in inoculations by some of Europe’s largest countries — which followed a flurry of similar actions by Denmark, Norway and several others — could not have been worse.

Europe’s vaccine rollouts already lag far behind those in Britain and the United States, and there is dawning realization that much of the continent is suffering a third wave of infections. Leading immunologists fretted on Monday that the decision by several of Europe’s leading nations to suspend the use of AstraZeneca would make vaccination efforts even harder by emboldening vaccine skeptics in countries where they are particularly entrenched.

The European Medicines Agency and the World Health Organization warned against an exodus from vaccines that would undermine rollout efforts at a pivotal moment.

VideoVideo player loadingItaly began to enter strict regional lockdowns on Monday, as the government moved to halt an increase in coronavirus infections just one year after the country became the first in Europe to impose a national lockdown.CreditCredit…Alessandro Grassani for The New York Times

A year after Italy became the first European country to impose a national lockdown to contain the spread of the coronavirus, the nation has fallen eerily quiet once again, with new restrictions imposed on Monday in an effort to stop a third wave of infections that is threatening to wash over Europe and overwhelm its halting mass inoculation program.

As he explained the measures on Friday, Prime Minister Mario Draghi warned that Italy was facing a “new wave of contagion,” driven by more infectious variants of the coronavirus.

Just as before, Italy was not alone.

“We have clear signs: The third wave in Germany has already begun,” Lothar Wieler, head of the Robert Koch Institute for Infectious Diseases, said during a news conference on Friday. Prime Minister Viktor Orban of Hungary predicted that this week would be the most difficult since the start of the pandemic in terms of allocating hospital beds and breathing machines, as well as mobilizing nurses and doctors. Hospitalizations in France are at their highest levels since November, prompting the authorities to consider a third national lockdown.

Officials in the United States are watching those developments with wary eyes. At a White House news briefing on Monday, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, pleaded with Americans not to let their guard down as case numbers have dropped from their peak. She pointed to images of young people crowded onto Florida beaches, though generally people are safer outside than inside, and to European nations as a warning.

“Each of these countries has had nadirs like we are having now, and each took an upward trend after they disregarded no mitigation strategies,” she said. “They simply took their eye off the ball. I’m pleading with you for the sake of our nation’s health. These should be warning signs for all of us.”

The U.S. death rate remains at nearly 1,400 people every day. That number still exceeds the summer peak, when patients filled Sun Belt hospitals and outbreaks in states that reopened early drove record numbers of cases, though daily deaths nationwide remained lower than the first surge last spring. The average number of new reported cases per day remains comparable to the figures reported in mid-October.

Across Europe, cases are spiking. Supply shortages and vaccine skepticism, as well as bureaucracy and logistical obstacles, have slowed the pace of inoculations. Governments are putting exhausted populations under lockdown. Street protests are turning violent. A year after the virus began spreading in Europe, things feel unnervingly the same.

In Rome, the empty streets, closed schools, shuttered restaurants and canceled Easter holidays came as a relief to some residents after months of climbing infections, choked hospitals and deaths.

“It’s a liberation to return to lockdown, because for months, after everything that happened, people of every age were going out acting like there was no problem,” said Annarita Santini, 57, as she rode her bike in front of the Trevi Fountain, a popular site that had no visitors except for three police officers. “At least like this,” she added, “the air can be cleared and people will be scared again.”

For months, Italy had relied on a color-coded system of restrictions that, unlike the blanket lockdown of last year, sought to surgically smother emerging outbreaks in order to keep much of the country open and running. It does not seem to have worked.

“History repeats itself,” Massimo Galli, one of Italy’s top virologists, told the daily Corriere della Sera on Monday. “The third wave started, and the variants are running.”

“Unfortunately we all got the illusion that the arrival of the vaccines would reduce the necessity of more drastic closures,” he said. “But the vaccines did not arrive in sufficient quantities.”

Sheryl Gay Stolberg Lauren Leatherby and Mitch Smith contributed reporting.

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transcript

Biden: ‘Shots in Arms and Money in Pockets’

President Biden declared on Monday that within 10 days the U.S. would achieve his goal of administering 100 million vaccination shots and delivering 100 million stimulus checks to Americans.

Over the next 10 days, we’ll reach two goals, two giant goals. The first is 100 million shots in people’s arms will have been completed within the next 10 days and 100 million checks in people’s pockets in the next 100 days. Shots in arms and money in pockets. That’s important. The American Rescue Plan is already doing what it was designed to do, make a difference in people’s everyday lives. And we’re just getting started. By the time all the money is distributed, 85 percent of American households will have gotten their $1,400 rescue checks. I’m pleased to announce and introduce another gifted manager to coordinate our implementation of the American Rescue Plan, Gene Sperling. Gene will be on the phone with mayors and governors, red states, blue states, the source of constant communication, a source of guidance and support, and above all, a source of accountability for all of us to get the job done. And together, we’re going to make sure that the benefits of the American Rescue Plan go out quickly and directly to the American people where they belong. Help is here and hope is here in real and tangible ways. We’re just days away from 100 million shots and millions — in the arms of millions of Americans. That’s the way, that’s the way on the way to get every single American access to the vaccine.

Video player loadingPresident Biden declared on Monday that within 10 days the U.S. would achieve his goal of administering 100 million vaccination shots and delivering 100 million stimulus checks to Americans.CreditCredit…Doug Mills/The New York Times

President Biden said Monday that his administration was on pace to achieve two key goals by March 25: the distribution of 100 million shots of Covid-19 vaccines since his inauguration and 100 million checks and electronic deposits of stimulus payments under his economic relief bill.

“Shots in arms and money in pockets. That’s important,” Mr. Biden said in a brief address from the White House.

The president also introduced Gene Sperling, a longtime Democratic policy aide, as his pick to oversee implementation of the $1.9 trillion economic relief package that he signed into law late last week.

“The American Rescue Plan is already doing what it was designed to do,” Mr. Biden said. “Make a difference in people’s everyday lives.”

The United States has administered 92.6 million vaccine doses since Jan. 20, when Mr. Biden took office, according to data released on Monday by the Centers for Disease Control and Prevention. At the current pace of vaccinations, the country will pass 100 million doses under Mr. Biden before the end of the week.

Answering a question from a reporter after the speech, Mr. Biden brushed aside calls for his administration to enlist former President Donald J. Trump’s help in appealing to Republicans who have resisted getting vaccinated.

“I discussed it with my team,” Mr. Biden said, “And they say the thing that has more impact than anything Trump would say to the MAGA folks is what the local doctor, what the local preachers, the local people in the community would say. So I urge, I urge all local docs, and ministers, and priests, to talk about why — why it’s important to get that vaccine.”

Mr. Biden’s remarks came as his team launched a week of sales pitches for the relief bill. The president and several members of his administration will travel the country to promote the plan that contains direct $1,400-per-person payments to low- and middle-income Americans, new monthly checks for parents and additional relief for the unemployed, among other particulars.

Mr. Biden will visit Delaware County, Pa., on Tuesday and will appear with Vice President Kamala Harris on Friday in Atlanta, which helped deliver Democrats the Senate majority that made the stimulus law possible.

A group of other administration representatives and officials, including the first lady, Jill Biden, and Ms. Harris’s husband, Doug Emhoff, will also make trips. Ms. Harris and her husband landed in Las Vegas for an event on Monday afternoon, while Dr. Biden finished an event in New Jersey.

The road show is an effort to avoid the messaging mistakes of President Barack Obama’s administration, which Democrats now believe failed to continue vocally building support for his $780 billion stimulus act after it passed in 2009. The challenge will be to highlight less obvious provisions, including the largest federal infusion of aid to the poor in generations, a substantial expansion of the child tax credit and increased subsidies for health insurance.

Mr. Sperling’s challenge with the rescue plan will be different than the one Mr. Biden faced in 2009, because the relief bill differs starkly from Mr. Obama’s signature stimulus plan. The Biden plan is more than twice as large as Mr. Obama’s. It includes money meant to hasten the end of the pandemic, including billions for vaccine deployment and coronavirus testing.

Oversight of the $1.9 trillion relief legislation is currently expected to rely on the Government Accountability Office and the Pandemic Response Accountability Committee, a panel of inspectors general from across the federal government. A Treasury official said that the department would set up a process to monitor the use of funds that are being sent to states to ensure that they are used according to the eligibility requirements in the law.

A rally in San Francisco on Saturday in support of a five-day in-person learning schedule at the city’s public schools.Credit…John G Mabanglo/EPA, via Shutterstock

Parents of schoolchildren protested in several cities around the United States over the weekend, frustrated by the off-again-on-again reopening policies in some school districts and blanket closures in others a full year after the pandemic began, despite growing scientific evidence that schools can reopen safely if they follow basic procedures.

Several hundred people rallied in downtown Naperville, Ill., on Sunday to urge officials to give students the option of returning to the classroom five days a week. Wielding signs with messages like “Get our kids back in school” and “Flip the school board,” demonstrators chanted, “Five days a week,” The Naperville Sun reported.

In San Francisco, hundreds of parents and children marched on Saturday in support of a five-day in-person learning schedule, arguing that a partial reopening falls short, The San Francisco Chronicle reported. Similarly, parents demonstrated at Pan Pacific Park in Los Angeles on Saturday, according to a local news station, saying a tentative agreement with teachers for a partial reopening in April was not enough.

Parents pressing for in-person classes say that remote learning leaves students feeling emotionally and socially drained at home.

They have the Biden administration on their side. Jill Biden and members of her husband’s administration have been traveling the country in a campaign aimed at reopening schools. And the Centers for Disease Control and Prevention released guidelines last month saying it was safe for schools to reopen if they could ensure measures like proper masking, physical distancing and hygiene were taken. The recommendations called for every elementary school to open in some fashion.

In early February, The New York Times surveyed 175 experts — mostly pediatricians focused on public health — who largely agreed that it was safe enough for schools to be open to elementary students for full-time, in-person instruction. Some said that was true even in communities where coronavirus cases were widespread, with proper safety precautions, including adequate ventilation and avoidance of large group activities.

Heather Kilpatrick used to work in hospitality before the pandemic, but she now stays home with her 3-year-old daughter, Vivienne. Credit…Tony Luong for The New York Times

In the year since the pandemic upended the U.S. economy, more than four million people have quit the labor force, leaving a gaping hole in the job market that cuts across age and circumstances.

An exceptionally high number have been sidelined because of child care and other family responsibilities or health concerns. Others gave up looking because they were discouraged by the lack of opportunities. And some older workers have called it quits earlier than they had planned.

These labor-force dropouts are not counted in the most commonly cited unemployment rate, which was 6.2 percent in February, making the group something of a hidden casualty of the pandemic.

Now, as the labor market begins to emerge from the pandemic’s vise, whether those who have left the labor force return to work — and if so, how quickly — is one of the big questions about the shape of the recovery.

There is some reason for optimism. Economists expect that many who have left the labor force in the past year will return to work once health concerns and child care issues are alleviated. And they are optimistic that as the labor market heats up, it will draw in workers who grew disenchanted with the job search.

Moreover, after the last recession, many economists said those who left the labor force were unlikely to come back, whether because of disabilities, the opioid crisis, a loss of skills or other reasons. Yet labor force participation, adjusted for demographic shifts, eventually returned to its previous level.

But the speed with which the pandemic has driven workers from the labor force could leave lasting damage.

Many Facebook and Instagram users are already using the apps to share their vaccination status.Credit…Marcio Jose Sanchez/Associated Press

Facebook said on Monday that it planned to expand its efforts to help get people vaccinated against the coronavirus.

The social network said it would roll out a new location-based tool to direct people to the clinics nearest to them that offer vaccinations, which users can find inside Facebook’s main app.

The company will also have an information center for Covid-19-related questions and data inside its Instagram photo-sharing app, building on a similar effort that Facebook introduced last year. And it will keep adding automated chat bots to WhatsApp, which can text users information on where to get vaccinated.

“By working closely with national and global health authorities and using our scale to reach people quickly, we’re doing our part to help people get credible information, get vaccinated and come back together safely,” Mark Zuckerberg, the chief executive of Facebook, said in a company blog post.

While Facebook previously allowed anti-vaccination groups on its platform to flourish, last year it pledged to remove Covid-related misinformation from its site. It also labeled posts related to the coronavirus with links to its official information center so it could direct people to sources like the World Health Organization.

But critics have said that false or misleading data about vaccines and the virus continues to be visible in private groups and pages on Facebook.

At North Dakota State University in October. Several studies have shown that the pandemic has disproportionately affected the mental health of young people.Credit…Bing Guan/Reuters

Young people’s reports of poor well-being during the pandemic have fueled a global crisis that needs immediate attention, according to a nonprofit organization that surveyed nearly 50,000 people in eight countries, providing a comprehensive overview of the pandemic’s impact on mental health.

More than one in four respondents reported facing or being at risk of clinical disorders, a number that rose to nearly one in two for those ages 18 to 24, according to the report, which was released by group, Sapien Labs, a U.S. nonprofit group dedicated to understanding the human mind.

The report, based on data collected from an online, anonymous survey whose findings were published on Monday, focused on Australia, Britain, Canada, India, New Zealand, Singapore, South Africa and the United States. It found that 40 percent of respondents ages 18 to 24 reported feeling sadness, distress or hopelessness, as well as unwanted, strange and obsessive thoughts.

“The coronavirus pandemic has exacerbated trends that were already there, and made them worse,” said Dr. Tara Thiagarajan, the founder and chief scientist of Sapien Labs. “Particularly, social isolation has had a larger impact on young people, and it’s pushed many of them over the edge.”

Other studies have shown that the pandemic has disproportionately affected the mental health of young people, women and people of color.

Mental health experts have also warned against the long-term effects of the pandemic, which are likely to include an economic recession and the psychological fallout of long-term social isolation.

The report’s authors, Dr. Thiagarajan and Jennifer Newson, urged governments to focus on population-wide policies targeting mental health, instead of individual approaches that are often favored.

“While much of the focus in the mental health arena has been on self-care through apps, therapy and other programs, social and economic policy and institutional culture may have a large role to play in the mitigation of our present mental health crisis and prevention of future crises,” they wrote.

Anallely Falcon receiving her second dose on in Central Falls, R.I., last month.Credit…David Degner for The New York Times

Nearly nine in 10 Americans who received the first dose of a two-dose Covid-19 vaccine went on to complete the regimen, and most people who received two doses got them within the recommended time frames, federal health officials reported on Monday.

The analyses, by investigators with the Centers for Disease Control and Prevention, included data on tens of millions of Americans who received the Moderna or Pfizer-BioNTech vaccines between mid-December and mid-February.

The percentage of people completing the regimens varied markedly by jurisdiction and between demographic groups, however. Federal health officials urged local vaccinators to take steps to ensure that everyone comes back, including scheduling a return appointment when giving the first shot, sending reminders, and rescheduling missed or canceled appointments.

While the data were “reassuring” over all, C.D.C. researchers said, the first groups receiving the vaccine in the United States — health care workers and long-term care facility residents — had easy access to the second dose, since they were likely to have been vaccinated at their workplace or place of residence.

As vaccines are offered to broader groups of people, the scientists warned, the percentage getting fully vaccinated may drop.

People are not considered fully vaccinated against the coronavirus until two weeks after they receive the second shot of the two-dose regimen (or two weeks after receiving the single-dose vaccine made by Johnson & Johnson).

C.D.C. researchers looked at some 40.5 million Americans who were vaccinated between Dec. 14, 2020 and Feb. 14, 2021.

In one analysis, they reviewed the records of 12.4 million people who had received the first dose of a two-dose vaccine regimen and had enough time to get the second dose. Some 88 percent had completed the series, while 8.6 percent were still within the allowable interval — 42 days — to receive the second dose. But 3.4 percent had missed that window. (The recommended interval between doses is 21 days for the Pfizer-BioNTech vaccine and 28 days for Moderna).

Americans most likely to have missed the second dose varied by locality. Among vaccine recipients for whom information on race and ethnicity were known, the lowest completion rates were among Native American or Alaska Native individuals.

A second analysis of 14.2 million people who completed the full regimen found that 95.6 percent received the second dose within the recommended period, though again the figures varied by community.

The authors of the study urged providers and public health workers to encourage Americans to come back for second doses and to emphasize the importance of full vaccination. C.D.C. officials also asked that vaccinators work to understand what keeps people from completing the series, and whether access or lack of confidence in the vaccines are playing a role.

GLOBAL ROUNDUP

With the borders closed, Russian tourists are discovering domestic destinations, like Lake Baikal.Credit…Sergey Ponomarev for The New York Times

Usually, it is foreigners who flock to Lake Baikal in Siberia this time of year to skate, bike, hike, run, drive, hover and ski over a stark expanse of ice and snow, while Russians escape the cold to Turkey or Thailand.

But Russia’s borders are still closed because of the pandemic, and to the surprise of locals, crowds of Russian tourists have traded tropical beaches for the icicle-draped shores of Baikal, the world’s deepest lake. The tour guides are calling it Russian Season.

If you catch a moment of stillness on the crescent-shaped, 400-mile-long, mile-deep lake, the assault on the senses is otherworldly. You stand on three feet of ice so solid it is crossed safely by heavy trucks, but you feel fragile, fleeting and small.

Yet stillness is hard to come by.

Western governments have been discouraging travel during the pandemic, but in Russia, as is so often the case, things are different. The Kremlin has turned coronavirus-related border closures into an opportunity to get Russians — who have spent the last 30 years exploring the world beyond the former Iron Curtain — hooked on vacationing at home.

A state-funded program that began last August offers $270 refunds on domestic leisure trips, including flights and hotel stays. It is one example of how Russia, which had one of the world’s highest coronavirus death tolls last year, has often prioritized the economy over public health during the pandemic.

“Our people are used to traveling abroad to a significant degree,” President Vladimir V. Putin said in December. “Developing domestic tourism is no less important.”

In other news from around the world:

  • The government of Hong Kong said on Monday that vaccine eligibility would be expanded to include everyone age 30 and older regardless of occupation, as the Chinese territory tries to increase vaccine uptake. About 200,000 of Hong Kong’s 7.5 million residents have received a first dose of either the BioNTech or Sinovac vaccines since the inoculation drive began late last month. But the proportion of people who show up for their appointments has fallen amid reports that six people have died after receiving the vaccine developed by Sinovac, a private Chinese company. Officials say that two of the deaths are not directly related to the vaccine and that the others are under investigation. The vaccine announcement came as Hong Kong is trying to contain a cluster of cases that began at a gym and has grown to 122 people, with more than 850 close contacts sent to government quarantine facilities and multiple residential buildings locked down overnight for mandatory testing. Also on Monday, the U.S. Consulate in Hong Kong said it was closing for deep cleaning after two employees tested positive for the virus.

The pandemic became real for Clary Montgomery when she introduced her daughter, Paloma, who was born March 11, 2020, to family members via video.

“When my toddler grandson tried to feed me a blueberry through the cellphone screen.”

That was the answer from Alice Gilgoff, 74, of Rosendale, N.Y., when The New York Times asked readers: When did the coronavirus pandemic become real for you? Nearly 2,000 people responded, and we have compiled many of their thoughts.

Across the United States and around the globe, nearly everyone experienced a moment when the pandemic truly hit home. And one year later, as the pandemic carries on, having claimed more than 2.6 million lives worldwide, it has been with us long enough to have its own history.

The answers from readers to that question are a journey through time. It has been a year of trauma and resilience. No one has been spared, yet some have borne burdens far more profound than others.

Still, our stories connect us: each of us human, each of us just trying to survive a pandemic that changed us and the world.

Denise Saylor photographed herself as Lara Comstack injected her with  vaccine in January at the Callen-Lorde Community Health Center in Manhattan.Credit…James Estrin/The New York Times

Most people aren’t particularly fond of needles.

For a significant number of people, though, fear of needles goes beyond anxiety into a more dangerous area, and prevents them from seeking out needed medical care.

As the world’s hopes of returning to a post-pandemic normal rest largely on people’s willingness to take a Covid-19 vaccine, experts and health care professionals are assuring those people that there are ways to overcome this problem.

“It would be heartbreaking to me if a fear of needles held someone back from getting this vaccine, because there are things we can do to alleviate that,” said Dr. Nipunie S. Rajapakse, an infectious diseases expert at the Mayo Clinic in Minnesota.

A study from the University of Michigan found that 16 percent of adults in several countries avoided annual flu vaccinations because of a fear of needles, and 20 percent avoided tetanus shots.

Whether fear is keeping you from being vaccinated at all or is causing you distress about doing so, there are some steps that the experts suggest:

  • Seek professional help. A therapist can help people with the most severe fear, especially if the fear is interfering with getting appropriate medical care.

  • Tell the nurse about your fear before getting the shot. There may be techniques the nurse can use, or products may be available, to reduce the pain of the injection or to put you at ease.

  • Distract yourself. It could be a YouTube video or your favorite song playing on your phone. You could practice deep-breathing or meditation techniques, or wiggle your toes, or look around and count all of the blue items you can see in the room.

  • Focus on the benefits. Think about the summer barbecues, family gatherings and economic recovery the vaccines will help usher in, and you might be feeling more optimistic and excited than nervous.

The apparent assault on an Uber driver, Subhakar Khadka, is the latest incident involving confrontations around coronavirus protections.Credit…Jason Henry for The New York Times

Two arrests have been made after scenes from a viral video that circulated showed passengers taunting and deliberately coughing on an Uber driver.

In the dashcam video, the driver, who had a hand on his head, looked exasperated. A woman in the passenger’s seat uttered an expletive about a mask and then coughed on the driver, while using racial slurs. Another passenger joined in, pulling down her mask and laughing. “And I got corona,” she said.

The driver refused to continue the ride, and the situation escalated. The passenger who had initially coughed on the driver grabbed his phone and tore off his mask, breaking the strap. The women continued screaming profanities.

The San Francisco Police Department said in a statement last Thursday that the driver, identified by KGO-TV as Subhakar Khadka, had picked up three passengers in the early afternoon on March 7, but when he saw that one of the women was not wearing a mask, he told them he would not continue unless they all wore masks.

In a video that was posted on Instagram and has since been removed, one passenger said that the driver was trying to make them exit the car in the middle of the freeway.

Soon, “an altercation ensued,” the police said.

One woman grabbed the driver’s cellphone, which Mr. Khadka eventually retrieved, and another passenger sprayed “what is believed to be pepper spray” into the car through an open window after they exited the vehicle, according to the police.

The flare-up is the latest high-profile example of mask conflicts, which have sometimes taken violent turns. Last year, prosecutors in Chicago said two sisters attacked a store security guard with a garbage can. One of the women stabbed the guard repeatedly with a small knife after he tried to insist that they wear masks and use the store’s hand sanitizer on entry.

In another case last year, an 80-year-old man in upstate New York was killed after he asked a bar patron to wear a mask; the patron shoved the man to the ground, causing him to hit his head.

Mr. Khadka, an Uber driver from Nepal who came to the United States eight years ago, said in an interview with KPIX that he never said anything “bad” to the women, and that they had refused to leave his car. Mr. Khadka said he believed he was singled out for their ire because he is South Asian. “If I was of another complexion, I would have not gotten that treatment from them,” he said. “The moment I opened my mouth to speak, they realized I’m not among one of them. It’s easy for them to intimidate me.”

One of the passengers was arrested in Las Vegas on Thursday, the Las Vegas Police Department said. The passenger, Malaysia King, 24, was taken into custody on a warrant for assault with a caustic chemical, assault and battery, conspiracy and violation of a health and safety code, the police said.

A second passenger, Arna Kimiai, 24, turned herself in on Sunday, the San Francisco Police Department announced. Ms. Kimiai was booked on charges of robbery, assault and battery, conspiracy, and violation of a health and safety code.

“The behavior captured on video in this incident showed a callous disregard for the safety and well-being of an essential service worker in the midst of a deadly pandemic,” said Lt. Tracy McCray, who heads the San Francisco Police Department’s robbery detail.

Categories
Health

5 issues to know earlier than the inventory market opens March 12, 2021

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

1. The Nasdaq is likely to fall as technology stocks collapse on rising bond yields

A man walks in front of the Nasdaq building in Times Square on March 10, 2021 in New York.

John Smith | Corbis News | Getty Images

Nasdaq futures fell 200 points, or 1.5%, on Friday, the day after the tech-heavy index rose 329 points, or 2.5%, on gains like Apple, Facebook and Google’s parenting alphabet. As bond yields rose again on Friday, technology stocks resumed their recent decline. The Dow Jones Industrial Average should rise and the S&P 500 should fall after both benchmarks closed at record highs on Thursday as expectations of an economic rebound from the new $ 1.9 trillion coronavirus bailout set sentiment on Wall Street.

2. The yield on 10-year government bonds is recovering to an annual high

The stock market, tech names in particular, has been taken hostage by the bond market. Recently, when yields are rising, technology stocks are falling, and when yields are falling, technology stocks are rising. The yield on 10-year government bonds, which is moving in the opposite direction to the price, rose to around 1.6% on Friday, hitting recent one-year highs again. The 10-year yield hit as high as 1.62% earlier this month before pulling back. Higher interest rates hurt the value of growth companies’ future earnings and compress their stock valuations. Tame consumer inflation capped bond yields on Thursday. The government reported Friday that February producer prices rose 0.5%, in line with expectations.

3. Biden instructs states to qualify all adults for Covid vaccines by May 1st

President Joe Biden gestures as he speaks in the East Room of the White House in Washington, DC on March 11, 2021, on the anniversary of the start of the Covid-19 pandemic.

Almond Ngan | AFP | Getty Images

President Joe Biden is instructing states to qualify all adults for the coronavirus vaccines by May 1. In his first prime-time address on Thursday, he also said that hopefully Americans should gather in small groups to celebrate July Fourth. Biden’s speech came exactly one year after the pandemic was declared and one year after ex-President Donald Trump’s speech announcing temporary travel bans from Europe to the United States. At the time, Trump downplayed the coronavirus. In contrast, on Thursday evening, Biden emphasized that Covid is still a serious threat. He spoke hours after the bill was signed on the recently passed US $ 1.9 trillion aid bill.

4. Novavax’s vaccine is 96% effective against the original coronavirus

A woman holds a small bottle that says “Coronavirus COVID-19 Vaccine” and a medical syringe in front of the Novavax logo displayed in this illustration, taken on October 30, 2020.

Given Ruvic | Reuters

Novavax’s Covid-19 vaccine was 96% effective in preventing cases caused by the original version of the coronavirus. There were no cases of serious illness or death among those who received the two-shot vaccine. It was also about 86% effective in protecting against the more contagious variant of the virus, which was first discovered in the UK. However, in a separate, smaller study in South Africa that resulted in another newer, contagious strain, the vaccine was only about 55% effective.

5. Netflix is ​​testing a crackdown on password sharing

Detail of a man’s hand scrolling through Netflix on an Apple iPad Pro, taken on March 6, 2020.

Phil Barker | Future Publishing | Getty Images

Netflix, which has never had much to do with password sharing, is testing a new policy that will require some users to sign up for a separate account when they’re not watching with the subscriber. “This test is designed to ensure that people using Netflix accounts are eligible,” the company said in a statement, while it found that “hundreds” of tests are conducted on selected customers each year. According to research firm Magid, around 33% of all Netflix users share their password with at least one other person.

– Reuters contributed to this report. Get the latest information on the pandemic on CNBC’s coronavirus blog.

Categories
Business

Covid-19: Biden Administration Opens Nursing House Doorways

Here’s what you need to know:

Credit…Amr Alfiky/The New York Times

The Biden administration on Wednesday published revised guidelines for nursing home visits during the pandemic, allowing guests the freedom to go inside to see residents regardless of whether the visitors or the residents have been vaccinated.

The new recommendations, released by the Centers for Medicare & Medicaid Services with input from the Centers for Disease Control and Prevention, are the first revision to the federal government’s nursing home guidance since September. And they arrived as more than three million vaccine doses have been administered in nursing homes, the agency said.

The guidance was also the latest indication that the pandemic in the United States was easing, with Covid-19 cases continuing to decrease across the nation, though the seven-day average remains at more than 58,000. The C.D.C. on Monday released long-awaited guidance for Americans who have been fully vaccinated, telling them that it is safe to gather in small groups at home without masks or social distancing.

About 62.5 million people have received at least one dose of a Covid-19 vaccine, including about 32.9 million people who have been fully vaccinated with Johnson & Johnson’s single-dose vaccine or the two-dose series made by Pfizer-BioNTech and Moderna.

In a statement of the reasoning behind the updated recommendations, Dr. Lee Fleisher, the chief medical officer at C.M.S., cited the millions of vaccines administered to nursing home residents and staff and a decline in infections in nursing homes.

“C.M.S. recognizes the psychological, emotional and physical toll that prolonged isolation and separation from family have taken on nursing home residents, and their families,” Dr. Fleisher said.

Earlier in the pandemic, the coronavirus raced through tens of thousands of long-term care facilities in the United States, killing more than 150,000 residents and employees and accounting for more than a third of all virus deaths since the late spring. But since the arrival of vaccines, new cases and deaths in nursing homes have fallen steeply, outpacing national declines, according to a New York Times analysis of federal data.

The eight pages of recommendations, which are not legally binding, did come with suggested limits, saying that “responsible indoor visitation” should be allowed at all times unless a guest is visiting an unvaccinated resident in a county where the Covid-19 positivity rate is higher than 10 percent and less than 70 percent of residents in the nursing home have been fully vaccinated. The guidance also says to limit visits if residents have Covid-19 or are in quarantine.

Federal officials said in the new guidance that outdoor visits were still preferable because of a lower risk of transmission, even when the residents and guests have been fully vaccinated.

So-called “compassionate care” visits — when a resident’s health has severely deteriorated — should be allowed regardless of vaccination status or the county’s positivity rate, the guidance said.

United States › United StatesOn March 10 14-day change
New cases 58,530 –16%
New deaths 1,477 –30%
World › WorldOn March 10 14-day change
New cases 467,404 +11%
New deaths 9,595 –11%

U.S. vaccinations ›

Where states are reporting vaccines given

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New Jersey Increases Indoor Capacity Limits to 50 Percent

On Wednesday, Gov. Philip D. Murphy of New Jersey announced that indoor dining, casinos, salons and gyms could open at half capacity starting March 19.

I am pleased to announce that effective next Friday, March 19, the indoor capacities for our restaurants, indoor recreational and amusement businesses, gyms and fitness clubs, and barbershops, salons and other personal care businesses will increase to 50 percent. These businesses have been capped at 35 percent for the past five weeks. Additionally, effective next Friday, same date, we are also announcing changes to our general gathering limits: indoor gatherings that are not religious services or ceremonies, political events, weddings, funerals, memorial services or performances will be capped at 25 individuals. That’s up from 10. And similarly, outdoor gatherings that are not religious services or ceremonies, political events, weddings, funerals or memorial services will be capped at 50 individuals, up from 25. We feel confident in these steps given the data that we’ve been seeing over the past five weeks since the last time we expanded the indoor reality.

Video player loadingOn Wednesday, Gov. Philip D. Murphy of New Jersey announced that indoor dining, casinos, salons and gyms could open at half capacity starting March 19.CreditCredit…Michael Loccisano/Getty Images

Restaurants in New York City and New Jersey will be able to increase indoor dining to 50 percent of capacity starting March 19, the governors of New York and New Jersey said on Wednesday.

The announcement of the relaxed limits comes as New York and New Jersey continue to lead the nation in the rate of new coronavirus cases per capita. The states are both reporting a seven-day average of 37 new virus cases a day for every 100,000 residents, according to a New York Times database.

The change — which will take effect two days after St. Patrick’s Day, traditionally a busy day for restaurants and bars — will bring both places into line with current dining limits in Connecticut and Pennsylvania.

Gov. Andrew M. Cuomo said that his decision to expand dining in New York City was made “in partnership” with Gov. Philip D. Murphy, a fellow Democrat.

“We will continue to follow the science and react accordingly,” Mr. Cuomo said in a news release issued by both governors.

Mr. Cuomo had already announced that capacity limits for restaurants statewide outside New York City could expand on March 19 to 75 percent, from 50 percent.

The new half-capacity limit in New Jersey will also apply to casinos, salons and gyms. In addition, the maximum number of people permitted at private indoor gatherings in New Jersey is also increasing to 25 people from 10. Outdoor gatherings can include 50 people, up from 25.

“We believe that when all factors are weighed, we can make this expansion without leading to undue further stress on our health care system,” Mr. Murphy said.

New Jersey was one of the last states to permit indoor dining to restart, and Mr. Murphy has faced pressure to expand capacity limits.

In New York City, restaurants have been operating with limited indoor capacity for months, including a shut down from December to February when cases started to rise again. Restaurants are currently allowed to serve diners inside at 35 percent capacity, up from 25 percent a few weeks ago.

The New York City Hospitality Alliance, an industry group, praised the new guidelines, saying they would provide much-needed relief to struggling restaurants.

“While city restaurants may not increase occupancy to 75 percent, like restaurants are safely doing throughout the rest of the state,” Andrew Rigie, the group’s executive director, said on Wednesday, being able to go to 50 percent capacity in the city “is still welcome news to the battered restaurant industry.”

After the announcement on Wednesday, employees at Pizza Moto, a pizzeria between Carroll Gardens and Red Hook in Brooklyn, gathered to discuss what it would mean for the restaurant. Pizza Moto opened for indoor dining for just a few weeks late last year before the shut down in December.

Joe Blissen, the restaurant’s general manager, said that he believed Pizza Moto could safely restart indoor dining at 50 percent capacity because most of the staff would have received their second vaccines by March 19.

“We are just trying to be cautious to make sure everything is nice, clean and safe,” said Mr. Blissen, who got his second shot this week. “It’s reassuring to us that at least our staff will be safe.”

Chris Labropoulos, who works at the Buccaneer Diner in East Elmhurst, Queens, said that an increase to 50 percent would have little impact because few people choose to dine indoors there. He could not recall the last time the diner, which opened in 1976, had reached max capacity under the state’s pandemic guidelines.

“A lot of people don’t come in as it is,” Mr. Labropoulos said, adding that most orders are for delivery or pickup.

In New Jersey, Mr. Murphy last eased restrictions on indoor dining before the Super Bowl, when he raised the limit to 35 percent and ended a 10 p.m. curfew.

Diners must continue to wear masks when not seated at tables, and seating at bars in New Jersey remains prohibited.

“Unlike some states, which are prioritizing, frankly, flat-out politics over public health — Texas and Mississippi come to mind — our mask mandate remains in place,” Mr. Murphy said.

Texas’ mask mandate ended on Wednesday, following Mississippi’s lead, which eliminated its mask rules a week ago over objections from federal health officials, who warned the step was premature.

Over the last week, there were an average of 3,322 new cases of the virus reported each day in New Jersey and 7,177 in New York, fueled in part by the spread of virus variants.

Researchers with the Centers for Disease Control and Prevention released a study on Friday that found that counties opening restaurants for on-premises dining — indoors or outdoors — saw a rise in daily infections about six weeks later, and an increase in Covid-19 death rates about two months later.

The study does not prove cause and effect, but the findings square with other research showing that masks prevent infection and that indoor spaces foster the spread of the virus through aerosols, tiny respiratory particles that linger in the air.

Gov. Larry Hogan of Maryland toured a vaccination site in Baltimore in February.Credit…Kenneth K. Lam/The Baltimore Sun, via Associated Press

Across Maryland on Wednesday, mayors, county executives, business owners and public health officials were parsing Gov. Larry Hogan’s surprise Tuesday announcement that he was loosening statewide Covid restrictions.

The order allows bars, restaurants, churches and gyms to open back up to full capacity starting Friday evening, though with certain social distancing regulations still in place. It also allows larger venues like banquet halls, theaters and sports stadiums to open to the public at 50 percent of capacity. The statewide mask mandate remains in effect.

“With the pace of vaccinations rapidly rising and our health metrics steadily improving, the lifting of these restrictions is a prudent, positive step in the right direction and an important part of our economic recovery,” Mr. Hogan said. He was joined at his announcement by Dr. Robert R. Redfield, a former director the Centers for Disease Control and Prevention, who is now a senior adviser to the governor.

Some business owners applauded the announcement as a sign that they may be able to begin crawling out of an economically punishing year. Public health experts were less welcoming.

“I was shocked, I thought it was a joke,” said Dr. Leana Wen, a public health professor at George Washington University and former Baltimore health commissioner.

City and state officials were surprised by the order, but they were particularly taken aback by one part of it, which seemed to say that starting Friday, the ability of local governments to make rules that are more restrictive than the state’s — a flexibility they have had throughout the pandemic — would be “null and void.”

That language seemed to conflict with Mr. Hogan’s remarks at the announcement, when he said that though he discouraged deviations, state law gave local jurisdictions “some powers to take actions that were more restrictive.” The governor’s spokesman said in a tweet that county “emergency powers and authorities” established during the pandemic were unaffected.

County and city officials spent Wednesday reading their local charters and talking with their lawyers about the situation.

In an emailed statement, Baltimore County Executive John A. Olszewski, Jr., said, “leaders across Maryland have been forced to scramble to meet with our legal teams, health officials, and neighboring jurisdictions to understand how this impacts our own executive orders and to determine if and how to use our own local authority moving forward.”

Maryland ranks in the middle of states in the percentage of its people who have been given at least one vaccine dose, according to a New York Times database, and somewhat above average in the number of new cases it has been reporting lately relative to its population — 13 per 100,000 residents. All three of the variants of the virus that are being tracked by the C.D.C. have been reported there, but only one in significant numbers: B.1.1.7, which was first identified in Britain and is more transmissible and possibly more lethal than earlier versions of the virus.

In the early days of the pandemic, Governor Hogan drew bipartisan praise for his aggressive response. He was among the first governors in the country to order schools closed, and he publicly criticized President Trump, a fellow Republican, for leaving states unprepared to deal with the pandemic. “I think a lot of us locally and around the country would have rated him very highly,” Dr. Wen, former Baltimore health commissioner, said.

Her estimation has fallen considerably since then. While she said she was pleased that Mr. Hogan did not lift his statewide mask order, as fellow Republican governors in Texas and Mississippi did last week, she called the broad lifting of capacity restrictions a dangerous gamble.

“It’s really disappointing, because we’ve come so far,” she said. “Why are we letting down our guard down when we’re so close?”

Main Street in Daytona Beach, Fla., this week. Some fear a superspreader event in the making. Credit…Stephen M. Dowell/Orlando Sentinel, via Associated Press

About 300,000 people are expected to descend on Daytona Beach, Fla., this week for an annual motorcycle rally despite the pandemic and a lack of restrictions to slow the spread of the coronavirus.

Excitement about the event has been tempered by some motorcycle enthusiasts in a Facebook group dedicated to the rally who worry it could turn into a superspreader event.

Last August, the Sturgis motorcycle rally in South Dakota drew more than 450,000 bikers, most of whom did not wear masks or appear to follow social-distancing guidelines. That rally was later blamed for outbreaks in other states.

Daytona Beach’s Bike Week typically draws almost half a million people, though because of the pandemic, numbers are estimated to be closer to 300,000 people this year, said Janet Kersey, the executive vice president and chief operating officer of the Daytona Regional Chamber of Commerce.

“We know because of continued Covid concerns and the loss of income many have had over this past year it will be less,” Ms. Kersey said. Good weather and the accelerating pace of vaccinations might increase attendance, she said.

At least 125 new coronavirus deaths and 4,426 new cases were reported in Florida on Tuesday, according to a New York Times database. Over the past week, there has been an average of 4,948 cases per day in the state, a decrease of 16 percent from the average two weeks earlier.

A more contagious and possibly more lethal variant of the coronavirus, known as B.1.1.7, which was first spotted in Britain, is spreading more widely in Florida as a share of total cases than in any other state, according to an analysis of data from Helix, a lab testing company.

Officials urged people attending Bike Week to exercise care.

“While our community is working hard to follow C.D.C. safety guidelines,” Ms. Kersey said, “the support of the visitors and participants is important in these efforts, as well, for everyone’s safety.”

Bike Week events include races, bike exhibitions, concerts and giveaways in and around Daytona Beach. Ms. Kersey said that officials had considered canceling the gathering but that the Daytona Beach City Council was “very meticulous in its decision to move forward.”

Masks were off in Bill Smith’s Cafe in McKinney, Texas, after Gov. Greg  Abbott issued a rollback of coronavirus prevention restrictions.Credit…Shelby Tauber/Reuters

HOUSTON — The plexiglass was down. The tables were crammed back into bars and restaurants. The masks were off.

There had been plenty of resistance to masks in Texas, even if many started to begrudgingly wear them. But now it is official: The state is no longer legally requiring people to cover their faces.

It is just one of the rules loosened by state officials eager to declare the pandemic over, even if the case numbers say otherwise.

“It is now time to open Texas 100 percent,” Gov. Greg Abbott declared in announcing the changes last week. And so on Wednesday, the signs reminding people about the mask mandate came down. So did barriers intended to curb the spread of the coronavirus.

On South Padre Island, it was like prepandemic times, with spring breakers drinking and dancing at a beachside bar. And the Texas Rangers announced that when the baseball season starts next month, they would allow the stadium — 40,518 seats — to be filled to capacity.

Not everyone was celebrating.

At Barflys in San Antonio, the “MASKS REQUIRED UPON ENTRY” sign outside may have been gone, but Britt Harasmisz’s face covering remained firmly in place as she tended customers at the patio bar.

“A lot of people have been vaccinated — Governor Abbott was vaccinated,” said Ms. Harasmisz, 24. “But a lot of us on the front lines have not.”

Texas has not rolled the calendar back entirely.

Businesses are still allowed to require employees and customers to cover their faces and limit capacity. Cities can choose to keep limits in place in municipal facilities, and masks remain required on federal property.

Hours before restrictions were lifted across the state, city officials in Austin announced they planned to defy the governor’s new orders and impose a citywide mask mandate. That puts this Democratic-led city on yet another likely collision course with the Republican-led state Legislature after years of clashes on a range of issues.

A City Council member, Greg Casar, said city officials believed their stance is “legal and it’s right.”

“If the state chooses to sue us, then it’s basically them going out of their way to undermine the health of Texas,” he said. “My hope is that they focus on vaccine distribution rather than messing with Austin and putting more lives at risk.”

Others welcomed the new rules.

On the smoky back patio of Barflys, Sophie Bojorquez, 47, sat at a table with friends. She is a vaccinated nurse and a self-proclaimed anti-masker.

“I’m happy about the governor’s decision. The masks impeded the herd immunity we need. Now they want to vax so fast,” she said, shaking her head.

The move to open Texas has faced intense resistance.

The governor’s medical advisers have said that they were not involved in the decision. And federal health officials and some experts are concerned that the moves, especially repealing the mask mandate, could intensify the spread of the virus during the vaccination process.

Texas, which is averaging about 5,500 new cases a day, has one of the lowest vaccination rates in the country.

Lina Hidalgo, the county judge in Harris County, which includes Houston, argued that lifting the mask mandate puts the burden on workers to enforce rules in retail establishments and restaurants.

“We know better than to let our guard down simply because a level of government selected an arbitrary date to issue an all-clear,” Ms. Hidalgo, a Democrat and a persistent critic of Mr. Abbott, said in an op-ed column published this week by Time magazine. “I am working to clearly explain to the residents of my county that we will spare ourselves unnecessary death and suffering if we just stick with it for a little bit longer.”

Rick Rojas, James Dobbins and

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Biden Orders 100 Million More Johnson & Johnson Vaccine Doses

President Biden announced on Wednesday that the government would secure another 100 million doses of the Johnson & Johnson vaccine and touted a joint production deal between the company and the pharmaceutical giant Merck.

Today, we’re seeing two health companies, competitors, each with over 130 years of experience, coming together to help write a more hopeful chapter in our battle against Covid-19. During World War II, one of the country’s slogans was, “We are all in this together.” We are all in this together. And the companies took that slogan to heart. For example, one automaker didn’t have the capacity to build enough Jeeps. The competitors stepped in to help. The result is that we’re now on track to have enough vaccine supply for every American adult by the end of May, months earlier than anyone expected. And today, I’m directing Jeff and my H.H.S. team to produce another 100 million doses and purchase another 100 million doses of the Johnson & Johnson vaccine. On Saturday, we hit a record of 2.9 million vaccinations in one day in America. And beyond the numbers are the stories. A father says he no longer fears for his daughter when she leaves to go to work at the hospital. The children are now able to hug their grandparents. The vaccines bring hope and healing in so many ways. There is light at the end of this dark tunnel of the past year, but we cannot let our guard down now or assume the victory is inevitable. Together, we’re going to get through this pandemic, and usher in a healthier and more hopeful future.”

Video player loadingPresident Biden announced on Wednesday that the government would secure another 100 million doses of the Johnson & Johnson vaccine and touted a joint production deal between the company and the pharmaceutical giant Merck.CreditCredit…Doug Mills/The New York Times

President Biden said on Wednesday that he was directing the federal government to secure an additional 100 million doses of Johnson & Johnson’s Covid-19 single-shot vaccine, a move the White House said could help the country vaccinate children and, if necessary, administer booster doses or reformulate the vaccine to combat emerging variants of the virus.

Mr. Biden made the announcement during an afternoon event at the White House with executives from Johnson & Johnson and the pharmaceutical giant Merck, where he praised them for partnering to ramp up production of the Johnson & Johnson vaccine — a deal brokered by the White House.

“During World War II, one of the country’s slogans was, ‘We are all in this together,’” Mr. Biden said. “And the companies took that slogan to heart.”

In announcing the agreement between Merck and Johnson & Johnson last week, Mr. Biden said that the United States would now have enough vaccine available by the end of May to vaccinate every American adult — roughly 260 million people. But Jen Psaki, the White House press secretary, said on Wednesday that the administration was trying to prepare for unpredictable challenges, from the emergence of dangerous virus variants to manufacturing breakdowns that could disrupt vaccine production.

“We still don’t know which vaccine will be most effective on kids,” she said at the White House’s daily briefing. “We still don’t know the impact of variants, the need for booster shots and these doses can be used for booster shots, as well.” She said the decision to purchase a surplus of the Johnson & Johnson vaccine was driven by a desire for “maximum flexibility.”

“It’s a one-shot vaccine,” she said. “It can be stored in the fridge and not a freezer. It’s highly effective as the others are as well against hospitalization and death.”

Mr. Biden said on Wednesday he was directing the White House’s pandemic response team and the Department of Health and Human Services to finalize the supply increase.

The White House had initially intended to hold Wednesday’s event at the Baltimore manufacturing facility of Emergent BioSolutions, another company that partners with Johnson & Johnson to make coronavirus vaccine. But Mr. Biden canceled his trip after The New York Times published an investigation into how Emergent used its Washington connections to gain outsize influence over the Strategic National Stockpile, the nation’s emergency repository of drugs and medical supplies.

Ms. Psaki has since said that the administration will conduct a comprehensive audit of the stockpile.

Emergent officials did not attend Wednesday’s session. In explaining the change in plans, Ms. Psaki said that the administration thought the White House was a “more appropriate place to have the meeting,” which it is billing as a celebration of what Mr. Biden has called the “historic” partnership between Johnson & Johnson and Merck.

Last August, Johnson & Johnson signed an agreement with the government to deliver 100 million doses of its coronavirus, and in an emailed statement on Wednesday the company said it is “on track to meet that commitment.” The government has the option to purchase additional doses under a subsequent agreement.

The administration says the collaboration with Merck will increase manufacture of the vaccine itself, and will also bolster Johnson & Johnson’s packaging capacity, known in the vaccine industry as “fill-finish” — two big manufacturing bottlenecks that had put the company behind schedule.

Wednesday’s announcement is in keeping with Mr. Biden’s aggressive efforts to acquire as much vaccine supply as possible, as quickly as possible. Before Mr. Biden took office, he pledged to get “100 million shots into the arms” of the American people by his 100th day in office — a timetable that seemed aggressive at the time, but more recently has looked tame. He has been trying to speed it up ever since.

At the time, two vaccines — one made by Moderna and the other by Pfizer-BioNTech — had been authorized by the Food and Drug Administration for emergency use. In January, Mr. Biden said the administration would have enough vaccine to cover every American by the end of summer. Last month, the president announced his administration had secured enough doses from those two companies to have enough to cover every American by the end of July.

The recent addition of the Johnson & Johnson vaccine, which received emergency authorization in late February, opened a path for the administration to move up the timetable yet again. But Johnson & Johnson and its other partners, including Emergent, were behind schedule, which prompted the administration to reach out to Merck.

Noah Weiland and Annie Karni contributed reporting.

Covid-19 information pamphlets with a mask and disinfectant kit distributed in San Jose, Calif.Credit…Ulysses Ortega for The New York Times

Black and Hispanic communities are confronting vaccine conspiracy theories, rumors and misleading news reports on social media.

The misinformation includes false claims that vaccines can alter DNA or don’t work, and efforts by states to reach out to Black and Hispanic residents have become the basis for new false narratives.

“What might look like, on the surface, as doctors prioritizing communities of color is being read by some people online as ‘Oh, those doctors want us to go first, to be the guinea pigs,’” said Kolina Koltai, a researcher at the University of Washington who studies online conspiracy theories.

Research conducted by the nonprofit Kaiser Family Foundation in mid-February showed a striking disparity between racial groups receiving the vaccine in 34 states that reported the data.

State figures vary widely. In Texas, where people who identify as Hispanic make up 42 percent of the population, only 20 percent of the vaccinations had gone to that group. In Mississippi, Black people received 22 percent of vaccinations but make up 38 percent of the population. According to an analysis by The New York Times, the vaccination rate for Black Americans is half that of white people, and the gap for Hispanics is even larger.

The belief that doctors are interested in experimenting on certain communities has deep roots among some groups, Ms. Koltai said. Anti-vaccine activists have drawn on historical examples, including Nazi doctors who ran experiments in concentration camps, and the Baltimore hospital where, 70 years ago, cancer cells were collected from a Black mother of five without her consent.

An experiment begun in the 1930s (not conducted in 1943, as an earlier version of this item reported) on nearly 400 Black men in Tuskegee, Ala., is one of the most researched examples of medical mistreatment of the Black community. Over four decades, scientists observed the men, whom they knew were infected with syphilis, but didn’t offer treatments so that they could study the disease’s progression.

Researchers who study disinformation followed mentions of Tuskegee on social media over the last year. The final week of November, when the pharmaceutical companies Moderna and Pfizer announced promising results in their final studies on the safety of their Covid-19 vaccines, mentions of Tuskegee climbed to 7,000 a week.

Students waiting to be admitted to PS 189 Bilingual Elementary School in Brooklyn last December.Credit…Victor J. Blue for The New York Times

New York City’s public schools have seen remarkably low virus transmission compared with the citywide rate of positive test results in the months since the nation’s largest school system reopened for thousands of students, according to a major new peer-reviewed study in the medical journal Pediatrics.

Of over 200,000 people who were tested in city school buildings from October to December, only .4 percent of tests came back positive for the coronavirus. That was during a period when virus cases were spiking in the community.

And even when cases were detected, relatively few close contacts in the school ended up testing positive for the virus during the same period: .5 percent of school-based contacts who quarantined contracted the virus.

“In-person learning in New York City public schools was not associated with increased prevalence or incidence overall of Covid-19 infection compared with the general community,” the study’s authors wrote. The study was led by Dr. Jay Varma, Mayor Bill de Blasio’s senior health adviser.

Still, school-based testing has been random and therefore focused more on identifying asymptomatic cases, while many New Yorkers who got tested outside schools had symptoms or had been exposed to the virus.

Mr. de Blasio reopened classrooms last September, months before many other large districts, particularly in the Northeast and on the West Coast. The city closed schools in November as virus cases surged, and has gradually reopened throughout the winter and spring. Still, the vast majority of city school students, roughly 700,000 children, have elected to learn from home for the rest of the school year.

The mayor faced significant criticism for his push to reopen schools, and there was widespread fear among families and educators that it was not yet safe to return to school buildings. But the strict safety measures the city put in place, including required masking, social distancing between students and teachers, and weekly random testing seem to have helped keep positivity rates in schools extremely low, the study said.

“We’ve said that our public school buildings are some of the safest places in New York City — and we’ve got the numbers to back it up,” Mr. de Blasio said in a statement on Wednesday.

Chris Hemsworth stars in the Marvel movie “Thor: Love and Thunder,” which has begun production in Australia.Credit…Rob Grabowski/Invision, via Associated Press

The Hollywood brigade has gone to Australia, a country that has effectively stamped out the coronavirus.

As a result of the near absence of the virus, plus subsidies from the Australian government, the country’s film industry has been humming along at an enviable pace for months.

More than 20 international productions are either filming or set to start the cameras rolling in the coming year, including “Thor: Love and Thunder,” a Marvel film starring Chris Hemsworth in the lead role, with Christian Bale, Matt Damon, Natalie Portman, Tessa Thompson and Taika Waititi also starring; “Three Thousand Years of Longing,” a fantasy romance with Idris Elba and Tilda Swinton; and “Joe Exotic,” a spinoff of the podcast made after the popular Netflix series “Tiger King,” starring Kate McKinnon as the big-cat enthusiast Carole Baskin.

Ron Howard is directing “Thirteen Lives,” a dramatization of the 2018 rescue of a soccer team from a cave in Thailand. That movie is to be shot in Queensland (the northeastern coast of Australia makes a good stand-in for the tropics). And later this year, Julia Roberts and George Clooney are set to arrive in the same state to shoot “Ticket to Paradise,” a romantic comedy.

A spokeswoman said that the Australian government had helped 22 international productions inject hundreds of millions into the local economy.

Chances are the stars will keep showing up. They’ve have been spotted camping, heading out to dinner, and partying (like it’s 1989). Mr. Damon said in January that Australia was definitely “the lucky country.”

Residents of a nursing home near Paris waiting under observation after receiving their vaccines last month.Credit…Andrea Mantovani for The New York Times

The European Union exported 25 million doses of vaccines produced in its territory last month to 31 countries around the world, with Britain and Canada the top destinations, just as the bloc saw its own supply cut drastically by pharmaceutical companies, slowing down vaccination efforts and stoking a major political crisis at home.

The European Union — whose 27 nations are home to 450 million people — came under criticism last week, when Italy used an export-control mechanism to block a small shipment of vaccines to Australia. The move was criticized as protectionist and in sharp contrast to the bloc’s mantra of free markets and global solidarity in the face of the coronavirus pandemic.

The issue of vaccine production and exports has also created a bitter dispute between the European Union and Britain, which recently departed the bloc, prompting accusations that Brussels wants to deprive London of doses out of spite, in part because Britain is doing so much better with its rollout.

The tensions culminated in a diplomatic spat on Wednesday, after a top E.U. official accused the United States and Britain of implementing an “export ban” — a charge the British government vehemently denied.

Practically speaking, ban or no ban, Britain is not exporting vaccines authorized for use at home. The country has said that it would be prepared to give excess shots to neighboring Ireland but only after it was done with its own vaccination efforts.

The United States has also been hoarding doses, in part through a wartime mechanism known as the Defense Production Act which permits the federal government greater control over industrial production. President Biden last week promised each adult American at least one vaccine dose would be offered to them by May.

But information made public for the first time, recorded in detailed internal documents seen by The New York Times, shows that the European Union, far from being protectionist, is in fact a vaccine exporting powerhouse.

Of the nearly 25 million total vaccines made in the European Union that were exported from Feb. 1 — when the export mechanism came into force — to March 1, about a third, more than eight million doses, went to Britain.

And while the United States kept doses for itself, the European Union shipped 651,000 vaccines to the country last month, and made vaccines for others across the Atlantic: The country that received the second-largest number of shots made in the European Union was Canada, with more than three million doses last month, while Mexico received nearly 2.5 million.

GLOBAL ROUNDUP

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Chaos in the Streets: Protests Turn Violent in Athens

Around 6,000 people gathered to protest against police violence and officers’ coronavirus lockdown tactics in Athens on Tuesday night. Police said 10 officers were wounded and 16 people were arrested.

[shots fired] [explosions] [explosion]

Video player loadingAround 6,000 people gathered to protest against police violence and officers’ coronavirus lockdown tactics in Athens on Tuesday night. Police said 10 officers were wounded and 16 people were arrested.CreditCredit…Alkis Konstantinidis/Reuters

A protest in Greece turned violent on Tuesday night as anger grew about tactics used by police officers who were enforcing coronavirus lockdown restrictions.

The clashes came on the same day that Greece said it was aiming to open to vacationers in mid-May. Later, the country reported 3,215 new infections, its highest daily tally since mid-November.

The protest on Tuesday was provoked after a video emerged two days earlier seeming to show an officer beating a man with a baton in the Athens suburb of Nea Smyrni. The man was apparently among several who had expressed objections to officers issuing fines to people in the square. The officer has since been suspended, the police said on Wednesday.

Around 6,000 people gathered in the normally quiet suburb on Tuesday evening to protest against police violence. The demonstration began peacefully but spiraled into violence after about 500 people appeared to pelt officers with firebombs. The police said that 10 officers were wounded, one seriously after he was dragged off a motorcycle and set upon. Sixteen people were arrested and were to face a prosecutor on Wednesday on charges including attempted homicide, possession of explosives and arson.

Prime Minister Kyriakos Mitsotakis appeared on television on Tuesday night, calling for calm and restraint. The violent turn of the protest has fueled debate in the Greek media about police tactics in enforcing the lockdown.

The Greek ombudsman said on Tuesday that reports of police violence had increased by 75 percent over the past year. Alexis Tsipras, leader of the leftist opposition party Syriza, referred on Monday to a “crescendo of police violence on the pretext of enforcing health measures.” Mr. Mitsotakis countered by calling Mr. Tsipras’s support for large rallies at the peak of a pandemic “the height of irresponsibility.”

The conservative government of Mr. Mitsotakis has urged Greeks to be patient for a little longer so that it can start gradually reopening the country’s battered economy without provoking a new surge in infections. However, public tolerance appears to be waning as government officials have been accused of flouting restrictions that thousands of ordinary Greeks have been fined for violating.

Mr. Mitsotakis himself came under fire last month for apparently disregarding his own government’s restrictions for the second time in two months, violating limits on public gatherings by attending a lunch at a politician’s home on an Aegean island.

In other news from around the world:

  • Mauritius went into a two-week nationwide lockdown on Wednesday, Agence France-Presse reported, the second time that the Indian Ocean archipelago nation has imposed such a restriction since the pandemic began. “We had no other choice but total containment in order to prevent the spread of the virus and protect the population,” Prime Minister Pravind Kumar Jugnauth announced Tuesday evening in a televised address. Only essential services will be operational from Wednesday, including hospital services and emergency relief. As of Thursday, supermarkets, bakeries, petrol stations and pharmacies will have limited accessibility. The country, which has a population of about 1.4 million, has reported 641 cases of the virus and 10 deaths.

  • Kenya and Morocco have approved the Russian Sputnik V vaccine, according to RDIF, a Russian sovereign wealth fund, Reuters reported. The fund, which is promoting the vaccine globally, said that 48 countries had now approved Sputnik V.

Robbie Fairchild, a former dancer at New York City Ballet, lost his health insurance during the pandemic. He is now running a flower business to help with finances.Credit…Amr Alfiky/The New York Times

Across the United States, thousands of actors, musicians, dancers and other entertainment industry workers are losing their health insurance or being saddled with higher costs in the midst of the pandemic. Some were simply unable to work enough hours last year to qualify for coverage. Others were in plans that made it harder to qualify for coverage.

The insurance woes came as performers faced record unemployment. Several provisions in President Biden’s $1.9 trillion coronavirus relief plan, which passed the Senate on Saturday and is expected to pass the House on Wednesday, offer the promise of relief. One would make it a lot cheaper for people to take advantage of the federal government program known as COBRA, which allows people to continue to buy the health coverage they have lost. Another would lower the cost of buying coverage on government exchanges.

Many of the more than two dozen performers interviewed by The New York Times said that they had felt abandoned for much of the year — both by their unions and by what many described as America’s broken health care system.

“You never think it’s going to be you,” said Robbie Fairchild, a former dancer at New York City Ballet who was nominated for a Tony Award in 2015 for his star turn in “An American in Paris” on Broadway and who later appeared in the film adaptation of “Cats.”

Unlike other workers who simply sign up for a health plan when they start a new job, the people who power film, television and theater often work on multiple shows for many different employers, cobbling together enough hours, days and earnings until they reach the threshold that qualifies them for health insurance. Even as work grew scarce last year, several plans raised that threshold.

Musicians are struggling, too. Officials at Local 802 of the American Federation of Musicians, the New York local that is the largest in the nation, estimate that when changes to its plan take effect this month, roughly one in three musicians will have lost coverage.

Insurance plan officials say they were left with no choice but to make painful changes to ensure their funds survive because health care costs have been rising at rates that have outpaced contributions.

Delivering items in New York in January. Workers have often been targeted for their electric bikes, which can cost thousands of dollars.Credit…Hiroko Masuike/The New York Times

The delivery of restaurant orders and other goods has become a bigger part of daily life across the United States since the pandemic forced millions of people indoors. And in New York City — where the disease has taken nearly 30,000 lives — delivery workers have become a lifeline for people working from home and for vulnerable residents who have been warned against going outside.

On any given day, thousands of men, and a growing number of women, can be seen crisscrossing city arteries, transporting meals, groceries and medicine in plastic bags on top of their well-worn bikes.

But their visibility has also made them targets for criminals looking for a quick profit through robbery. The unemployment rate has surged into double digits and economic desperation has grown in the city’s less affluent neighborhoods, which had already been pummeled by the pandemic.

Stolen electric bikes can be easily sold on the streets for cash or dismantled for their parts, the police and workers say. The bikes can cost thousands of dollars and are vital tools for the workers, who often make less than $60 a day. Many have come to rely on the bikes, despite the steep price tag, because they can go about 20 miles per hour, enabling workers to travel farther and make more trips to increase their slim bottom lines.

The theft of electric bikes doubled during the first year of the pandemic, rising to 328 in 2020 compared with 166 the year before, according to police data obtained by The New York Times.

Investigators said robbers often use fraudulent credit cards to call in bogus orders and lure delivery workers to secluded locations. The delivery workers then are faced with two dire options: let go of the expensive bikes they need to remain employed, or risk injury and even death.

Ligia Guallpa, director of the Worker’s Justice Project, a nonprofit that represents immigrants working in low-wage jobs, said that many delivery workers did not report robberies and assaults. A large percentage of them lack the documentation to work in the country legally and don’t speak English fluently. Many fear filing a police report could lead to deportation.

The Covaxin vaccine in cold storage.Credit…Atul Loke for The New York Times

An Indian-made Covid-19 vaccine that was rolled out in an ambitious inoculation campaign even before some questions about it had been fully answered appears to be safe to use, a leading British medical journal reports.

Writing in The Lancet, researchers said the vaccine, Covaxin, did not produce any serious side effects in trials.

But the researchers said they were not yet able to say how well the vaccine works.

Covaxin was developed by Bharat Biotech and was authorized for use by India’s top drug regulators in January. That was done before it had been publicly established whether the vaccine was either safe or effective, prompting many people in India, including some front-line health care workers, to voice concerns.

Bharat Biotech said last week that initial results from its clinical trials indicated that the vaccine was both safe and effective, but many public health officials prefer to rely on independent assessments like that published in The Lancet, rather than a company’s own announcements.

Around the time that the Indian government green-lit Covaxin, it also authorized the use of the Oxford-AstraZeneca vaccine, which is known in India as Covishield and is manufactured there, among other places.

India has set out on one of the most ambitious and complex nationwide health campaigns in its history: immunizing 1.3 billion people against the coronavirus. It has also bet heavily on its growing pharmaceutical industry, which produces drugs and vaccines for export around the world as well as domestic use.

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Variants Comprise About Half of N.Y.C. Virus Cases, Officials Say

New York City health officials said genetic analysis suggested that 51 percent of the city’s coronavirus cases were now caused by two new variants, but emphasized that vaccines remained effective.

“Unfortunately we have found that the new variants of Covid-19 are continuing to spread. And when you combine the variant of concern, B.1.1.7., the one first reported in the U.K., and the new variant of interest, B.1.5.2.6., that was first reported here in New York, together these new variants account for 51 percent of all cases that we have in the city right now. So for the variant of interest, B.1.5.2.6., that was reported here first in New York, our preliminary analysis indicates that it is probably more infectious than older strains of the virus. You know, what I referred last week to ‘Covid Classic.’ It may be similar in infectiousness to the B.1.1.7., the U.K. strain, but we’re not certain about this yet. We need to understand and study it more. Very important: Our preliminary analysis does not show that this new strain, B.1.5.2.6., causes more severe illness or reduces the effectiveness of vaccines.” “The B.1.5.2.6. variant, in particular, is increasing in prevalence across New York City, representing about 39 percent of all samples sequenced by the pandemic response lab during the most recent week with full data, compared to 31 percent the week prior. The B.1.1.7. strain, sometimes known as the U.K. variant, which also spreads more easily, has increased to 12 percent of samples analyzed in the most recent week, up from 8 percent the prior week. We know the virus is a formidable foe, but we also know what has worked to curb its spread. And that’s true for the new variants too. It’s the Safe 6: masking, distancing, handwashing, getting tested, staying home if you’re feeling ill and getting vaccinated when it’s your turn.”

Video player loadingNew York City health officials said genetic analysis suggested that 51 percent of the city’s coronavirus cases were now caused by two new variants, but emphasized that vaccines remained effective.CreditCredit…James Estrin/The New York Times

Genetic analysis suggests that roughly half of coronavirus cases in New York City now are caused by two new forms of the pathogen, city officials reported on Wednesday.

One of the so-called variants, first detected in the city, now accounts for nearly 40 percent of all cases analyzed in local laboratories. The increase in the variant, B.1.526, was so striking that officials said they believed it was more infectious than the original form of the coronavirus.

Another more contagious variant, B.1.1.7, first discovered in Britain, also is spreading steadily in the city, accounting for 12 percent of cases analyzed in the last week of February, up from 8 percent the prior week. B.1.1.7 may be more lethal than earlier versions of the virus.

Rather than sound an alarm, officials said that they believed continued health practices — from masking to getting vaccinated — were sufficient to control the virus. Vaccines remain effective against these variants, as well as the original coronavirus.

So far, deaths and serious hospitalizations continued on a downswing in the city, the officials noted. “So far, thank God, what we’re finding is the variants are not posing the worse kind of problems that we might fear,” Mayor Bill de Blasio said at a news briefing on Wednesday.

Dr. David Chokshi, the city health commissioner, said that the B.1.526 variant had been detected in samples across the city, and not just in one community. The variant first appeared in samples in November, particularly those from Washington Heights in Manhattan, and was first described in academic papers released in late February.

The variant was detected in about one-quarter of samples analyzed by the two academic groups in mid-February, one led by a group at Caltech, the other by researchers at Columbia University.

But the city’s own analysis found that the prevalence of the B.1.526 variant was even higher, at 31 percent in the third week of February, and 39 percent by the end of the month, Dr. Chokshi said.

Dr. Anthony West, a computational biologist at Caltech, said in an interview on Wednesday that his ongoing research also showed that the B.1.526 variant was “increasing at a considerable pace in New York City” but that it remained “fairly localized” in the area.

He and his colleagues have found two subtypes of the B.1.526 variant: one with the E484K mutation seen in South Africa and Brazil, which is thought to help the virus partially dodge the vaccines; and another with a mutation called S477N, which may affect how tightly the virus binds to human cells.

Epidemiologists have expressed concern about the variant, but city officials said that despite the E484K mutation, they still had no evidence that the B.1.526 variant was partially evading vaccine protection. “Our preliminary analysis does not show that this new strain causes more severe illness or reduces the effectiveness of vaccines,” said Dr. Jay Varma, an adviser to Mr. de Blasio.

Earlier this year, experts had said the city’s capacity for genetic analysis was inadequate to understand the dynamics of New York’s outbreak. The United States’ overall ability to track variants is much less robust than in Britain, and federal health officials have expressed significant concern that variants may spread here undetected. New York has been increasing the number of samples it analyzes in recent weeks.

Nationally, epidemiologists have been sounding alarms about B.1.1.7, which is on track to be the dominant form of the virus in this country by the end of March. That variant is believed to have contributed to steep case increases and full hospitals in Britain and elsewhere.

“What we’ve seen in Europe when we hit that 50 percent mark, you’ll see cases surge,” said Dr. Michael Osterholm, director of the University of Minnesota’s Center for Infectious Disease Research and Policy, on NBC’s “Meet the Press” on Sunday. He urged the public not to let up on health measures and to get vaccinated as quickly as possible.

Dr. Denis Nash, an epidemiologist at the City University of New York, said Wednesday that while he was worried about the new variants, more questions than answers remain about how they will impact the spread of the virus in New York City.

“It’s anybody’s guess, given the vaccine, the competition among the variants and everything we are trying to do to keep the virus low,” he said.

“The same things we always do have the ability to reduce the impact of the virus,” he added, urging continued vigilance and precautions. “If there is an exposure that gets past those defenses, there is potential that it could more easily take hold, or last longer. But if we keep doing everything we have been doing to prevent spread, we should be able to manage the variants too.”

Apoorva Mandavilli contributed reporting.

A resident of a nursing home near  Barcelona getting a second dose of vaccine last month.Credit…Samuel Aranda for The New York Times

Some of Spain’s largest regions are pressing the central government to speed up the country’s Covid-19 vaccination program, in particular by increasing access for older people to the vaccine developed by AstraZeneca and Oxford University.

When the vaccine was first approved in Europe in February, a number of countries — including Spain — set an age limit for its use, because there was relatively little data available then on its safety in older people. Spain set its age ceiling at 55.

Those limits have since been relaxed in countries like Germany and France, and on Wednesday, Spain’s neighbor Portugal announced that it would start allowing the Oxford-AstraZeneca vaccine to be given to people over 65.

That added to mounting pressure on the Spanish government to do the same.

The health minister of Catalonia, the northeastern region that includes Barcelona, issued an ultimatum on Wednesday, saying that if national officials did not soon follow Portugal’s example, Catalonia would do so unilaterally.

Isabel Díaz Ayuso, the leader of Spain’s capital region, has also been asking the central government to raise the age ceiling to at least 65.

Spain’s vaccination rollout has also come in for criticism from members of the main association of doctors, who have complain about red tape slowing the process and about people like teachers and police officers starting to get shots while some health care workers have not yet had a chance.

As of the start of this week, the health ministry said, some 3.4 million people in Spain, or about 7 percent of the population, had received at least one dose of vaccine. The Spanish government has pledged to vaccinate 70 percent of the population by the end of summer.

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Business

Texas opens Covid vaccine eligibility to individuals 50 and older because it lifts masks mandate

Ron Votral will receive a vaccine against coronavirus disease (COVID-19) at a drive-through vaccination site in Robstown, Texas on February 9, 2021.

Go Nakamura | Reuters

Texas residents 50 and older can get Covid-19 vaccines starting March 15. This is the most populous US state, which extends the eligibility to the previous age group, the state Department of Health said on Wednesday.

So far, Texas has given frontline health workers, people with underlying health conditions, and those 65 and over the opportunity to get a shot. The state announced last week that it would immediately add school and child carers to its list of vaccination entitlements.

By extending the eligibility to people over 50, the state wants to protect those most at risk of serious illnesses from the virus, the ministry said in a statement. The move will put 5 million more Texans on the state’s priority list, even though more than 1 million of them have already been vaccinated.

“The extension to ages 50-64 will continue the state’s priorities of protecting those at greatest risk of serious consequences and preserving the state’s health system,” said Imelda Garcia, deputy commissioner for the ministry of state Health services for laboratory and infectious diseases made a statement.

More than half of the state’s seniors have received at least one dose of vaccine, and nearly a third are fully vaccinated, according to DSHS.

Wednesday also marked the end of the Lone Star State’s mask mandate, and companies are now 100% allowed to reopen, Governor Greg Abbott announced last week, pointing to the increase in vaccine eligibility, the decrease in new cases and the state’s adequate hospital capacity Argumentation.

Alaska became the first state on Tuesday to allow residents 16 and older to be vaccinated.

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Health

5 issues to know earlier than the inventory market opens March 9, 2021

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

1. Nasdaq will rebound while Dow will rally for three days

Traders on the floor of the New York Stock Exchange.

Source: NYSE

2. Tesla shares bounce back after five sessions, 21% sell-off

In this photo illustration, a Tesla logo is displayed on a smartphone with the stock market graphic in the background.

Omar Marques | LightRocket | Getty Images

Tesla’s shares rose about 5% on the Tuesday before going public, after falling 21% for five consecutive days. The stock, which is still up 300% over the past 12 months, was more than 36% below its record high from January. Elon Musk’s Tesla, no stranger to wild swings, saw the bear market decline in both March and September 2020. Ark Investment Management’s founder, Cathie Wood, a major Tesla investor and believer, told CNBC on Monday that she wasn’t worried about the recent decline in her funds and that the bull market for stocks is simply moving towards more strategies like value expands.

3. GameStop is rising again, with a focus on e-commerce

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop stock rose another 11% on Tuesday ahead of the market after closing 41% at $ 194 each. Monday’s strong rally came after Ryan Cohen, a major GameStop shareholder and board member, was won over to convert the video game retailer to e-commerce. Cohen, also co-founder of online pet dealer Chewy, invested in GameStop last year, which helped kick off the stock’s wild Reddit ride earlier this year. The Senate Banking Committee will hold a hearing on the GameStop saga on Tuesday morning.

4th House to vote on Democrats’ $ 1.9 trillion Covid incentive

Senate Majority Leader Chuck Schumer (D-NY) speaks about the US Senate’s recent Coronavirus Disease (COVID-19) Act during a press conference in Manhattan, New York on March 8, 2021 has passed.

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Parliament plans to pass the $ 1.9 trillion law to ease the coronavirus this week after being approved by the Senate on Saturday. President Joe Biden is expected to sign the legislation before federal unemployment programs expire on Sunday. The plan includes additional unemployment benefits, rental benefits, Covid vaccination grants, and direct payments of up to $ 1,400 to most Americans expected to go out this month. When the House passed a different version of the plan last month, no Republicans backed it and two Democrats opposed it.

5. CDC issues initial guidelines for fully vaccinated individuals

90-year-old Barbara Comer received her second Pfizer BioNTech COVID-19 vaccine shoot from CVS pharmacist Sheila Esgro on Wednesday during a clinic at The Watermark in Bellingham, East Goshen.

Pete Bannan | MediaNews Group | Getty Images

The CDC released its first guidelines for people fully vaccinated against Covid, saying those immunized can safely visit other vaccinated people around the house without wearing a mask or social distancing. Vaccinated people can also visit some unvaccinated people without masks or social distancing. However, the CDC said everyone should refrain from traveling. Someone is considered fully vaccinated two weeks after a single shot of the newly approved Johnson & Johnson vaccine, or two weeks after the second shot of the Moderna or Pfizer two-dose regimen.

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