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Vaccines Gained’t Shield Hundreds of thousands of Sufferers With Crippled Immune Methods

Dr. Howard Wollowitz has been at the monastery for the most part at his Mamaroneck, NY home for more than a year

As chief of emergency medicine at Montefiore Medical Center in the Bronx, 63-year-old Dr. Wollowitz eager to treat patients when the coronavirus raged in town last spring. However, cancer treatment in 2019 had wiped out his immune cells, leaving him defenseless against the virus. Instead, he arranged for his employees to be managed through Zoom.

A year later, people return to Dr. Wollowitz’s life returned to a semblance of normalcy. His wife, dancer and choreographer, is preparing to work for the Austrian National Ballet Company. His vaccinated friends meet, but he only sees them when the weather is nice enough to sit in his back yard. “I spend very little time in public areas,” he said.

Dr. Wollowitz, like his friends, was vaccinated in January. But he wasn’t producing antibodies in response – and he hadn’t expected it either. He is one of millions of Americans with weakened immune systems whose bodies cannot learn to use immune fighters against the virus.

Some immunocompromised people were born with missing or faulty immune systems, while others, like Dr. Wollowitz, have illnesses or have received therapies that wipe out their immune defenses. Many of them make little to no antibodies in response to a vaccine or infection, which makes them susceptible to the virus. If infected, they can suffer from prolonged illness, with a death rate of up to 55 percent.

Most people who have lived with immunodeficiency for a long time are probably aware of their vulnerability. However, others have no idea that drugs could put them at risk.

“They’ll be walking around outside thinking they’re protected – but maybe not,” said Dr. Lee Greenberger, scientific director of the Leukemia Lymphoma Society, which funds research into blood cancer.

The only recourse for these patients – other than housing until the virus is withdrawn – may be to regularly infuse monoclonal antibodies, which are mass-produced copies of antibodies obtained from people who have contracted Covid-19 have recovered. The Food and Drug Administration has approved several monoclonal antibody treatments for Covid-19, but some are now also being tested to prevent infection.

Convalescent plasma or gamma globulin – antibodies distilled from the blood of healthy donors – can also help immunocompromised people, although a version of the latter that contains antibodies to the coronavirus is still months away from being available.

“It is a clear area where the need cannot be met,” said Hala Mirza, a spokeswoman for Regeneron, who made their monoclonal antibody cocktail available to a handful of immunocompromised patients through a compassionate application program. (Regeneron released experimental results this week showing the cocktail reduced symptomatic infections by 81 percent in people with normal immune systems.)

It is unclear how many immunocompromised people do not respond to coronavirus vaccines. But the list seems to include at least blood cancer survivors, organ transplant recipients, and anyone taking the widely available drug Rituxan or the cancer drugs Gazyva or Imbruvica – all of which kill or block B cells, the immune cells that develop antibodies – or Remicade, a popular one Drug used to treat irritable bowel disease. It can also include some people over the age of 80 whose immune responses have stalled with age.

“We are extremely concerned and interested in finding out how we can help these particular patients,” said Dr. Elad Sharon, an immunotherapy expert at the National Cancer Institute.

As the pandemic spread, doctors who specialized in treating blood cancer or caring for immunocompromised people expected at least some of their patients to encounter difficulties. Dr. Charlotte Cunningham-Rundles, an immunologist at the Icahn School of Medicine on Mount Sinai in New York, has about 600 patients who rely almost exclusively on regular doses of gamma globulin to protect against pathogens.

Nevertheless, 44 of their patients became infected with the coronavirus; four died and another four or five had long-term illnesses. (Chronic infections can give the virus the opportunity to develop into dangerous variants.)

Steven Lotito, 56, one of Dr. Cunningham-Rundles, was diagnosed with a condition known as common variable immunodeficiency when he was 13 years old. Before the pandemic, he had an active lifestyle, exercised, and ate well. “I’ve always known that I take special care of my body,” he said. This included infusions of gamma globulin every three weeks.

Despite careful precautionary measures, Mr Lotito caught the virus from his daughter in mid-October. He had a fever for almost a month and spent a week in the hospital. Convalescent plasma and remdesivir, an antiviral drug, provided relief for a few weeks, but his fever returned. After another infusion of gamma globulin that sweated through four shirts, he finally felt better.

Updated

April 15, 2021, 2:02 p.m. ET

Nevertheless, after almost seven weeks of illness, Mr. Lotito no longer had any antibodies to show. “I still have to take the same precautions that I took a year ago,” he said. “It’s a little daunting.”

People like Lotito-san rely on those around them to get vaccinated to keep the virus at bay, said Dr. Cunningham-Rundles.

“They hope that all of your family members and all of your close co-workers will go out and get a shot, and they will protect you with herd immunity,” she said. “You have to start with that.”

Dr. Cunningham-Rundles has tested their patients for antibodies and has registered some for Regeneron’s monoclonal antibody cocktail. However, many other people with these conditions are unaware of their risks or treatment options.

The Leukemia Lymphoma Society has set up a registry to provide information and antibody tests to people with blood cancer. Several studies are looking at the response to coronavirus vaccines in people with cancer, autoimmune diseases like lupus or rheumatoid arthritis, or in patients taking drugs that suppress the immune response.

What You Need To Know About The Johnson & Johnson Vaccine Break In The United States

    • On April 13, 2021, U.S. health officials called for an immediate halt to use of Johnson & Johnson’s single-dose Covid-19 vaccine after six recipients in the U.S. developed a rare blood clot disorder within one to three weeks of vaccination.
    • All 50 states, Washington, DC, and Puerto Rico have temporarily suspended use of the vaccine or suspended from recommended vendors. The U.S. military, government-run vaccination centers, and a variety of private companies, including CVS, Walgreens, Rite Aid, Walmart, and Publix, also paused the injections.
    • Fewer than one in a million Johnson & Johnson vaccinations are currently being studied. If there is indeed a risk of blood clots from the vaccine – which has yet to be determined – the risk is extremely small. The risk of contracting Covid-19 in the United States is much higher.
    • The hiatus could complicate the country’s vaccination efforts at a time when many states are facing spikes in new cases and are trying to address vaccine hesitation.
    • Johnson & Johnson has also decided to delay the launch of its vaccine in Europe amid concerns about rare blood clots, which is taking another blow to the vaccine surge in Europe. South Africa, devastated by a contagious variant of the virus found there, also stopped using the vaccine. Australia announced that it would not buy cans.

In one such study, British researchers tracked nearly 7,000 people with Crohn’s disease or ulcerative colitis from 90 hospitals across the country. They found that less than half of the patients who took Remicade had an immune response after contracting coronavirus infection.

In a follow-up, the scientists found that 34 percent of people who took the drug were protected after a single dose of the Pfizer vaccine and only 27 percent after a single dose of the AstraZeneca vaccine. (In the UK, the current practice is to delay second doses to increase vaccine availability.)

Likewise, another study published last month showed that fewer than 15 percent of patients with blood or immune cancer and fewer than 40 percent of patients with solid tumors produced antibodies after receiving a single dose of the Pfizer BioNTech vaccine.

And a study published last month in the journal JAMA reported that only 17 percent of the 436 transplant recipients who received a dose of the Pfizer BioNTech or Moderna vaccine had detectable antibodies three weeks later.

Despite the small likelihood, immunocompromised people should receive the vaccines because they may produce some immune cells that protect, even antibodies in a subset of patients.

“These patients should likely be prioritized for optimally balanced two doses,” said Dr. Tariq Ahmad, gastroenterologist with the Royal Devon and Exeter NHS Foundation Trust who was involved in the infliximab studies.

He suggested that doctors routinely measure antibody responses in immunocompromised people even after two doses of vaccine to identify those who may also need monoclonal antibodies to prevent infection or a third dose of the vaccines.

Wendy Halperin, 54, was diagnosed with a condition known as common variable immunodeficiency when she was 28 years old. She was hospitalized with Covid-19 in January and stayed there for 15 days. However, the coronavirus caused unusual symptoms.

“I had trouble walking,” she recalled. “I just lost control of my limbs like I couldn’t walk down the street.”

Since she was being treated for convalescence plasma for Covid-19, Ms. Halperin had to wait three months for the immunization and has made an appointment for April 26th. However, despite her condition, her body managed to produce some antibodies against the initial infection.

“The takeaway message is that everyone should try to get the vaccine,” said Dr. Amit Verma, oncologist at Montefiore Medical Center.

Gambling has settled in Dr. Wollowitz’s case not paid off. With no antibodies in his system to protect him, he still works from home – a privilege he is grateful for. He was an avid mountain biker and advanced skier, both of which were at risk of injury, but he is playing it safe with the coronavirus.

In anticipation of a return to his normal lifestyle, Dr. Wollowitz his bicycles. But he said he had foreseen he would live like this until enough other people are vaccinated and the number of infections in the city drops.

“I’m not exactly sure what that date is,” he said. “I’m really waiting to get out again.”

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World News

Russia slows down Twitter to guard residents from unlawful content material

Russian President Vladimir Putin.

Alexei Nikolsky | Reuters

Russia has announced that it will impose restrictions on the social media platform Twitter for not removing illegal content from its platform.

The Federal Service for Communications, Information Technology and Mass Communication, also known as Roskomnadzor, announced on Wednesday that it was slowing the speed of Twitter.

The communications guard said he was taking measures to ensure the safety of Russian citizens and could completely block the service if Twitter does not respond appropriately.

Twitter did not immediately respond to CNBC’s request for comment.

According to Roskomnadzor, speeds will be reduced on all mobile devices and 50% of all non-mobile devices such as computers, it said in a statement on its website.

Roskomnadzor accused Twitter of not removing content that encourages minors to commit suicide, as well as child pornography and drug use.

The regulator asked Twitter to remove links and posts more than 28,000 times between 2017 and March 2021. Other social networks have been more cooperative than Twitter to remove content that encourages minors to commit suicide.

Russia’s move to curb Twitter follows similar actions by governments in Turkey and India, which have also threatened jail sentences for platform managers.

Matt Navara, a social media advisor, told CNBC that the “threat of restricting, blocking, or banning social media platforms appears to be a growing trend for countries notorious for tougher, less democratic regimes” .

Social media platforms are in a constant battle to keep inappropriate content off their platforms. Facebook, TikTok, YouTube, and Twitter all use a combination of software and human content moderators to monitor what’s being shared on their platforms, but none of them have really mastered content moderation.

One of the most notorious examples of recent times was the Christchurch shooter who broadcast his mass murder live on Facebook and other platforms. The video was quickly cloned and re-shared by other users, faster than the content moderators could remove, and it remained on Facebook for a few weeks after the attack.

Categories
Politics

SEC reviewing GameStop frenzy, vows to guard retail buyers

The US Securities and Exchange Commission in Washington, DC

Adam Jeffery | CNBC

The Securities and Exchange Commission announced on Friday that it will help protect investors by reviewing recent trading volatility that has caused stocks like GameStop and AMC Entertainment to soar.

In a statement, the country’s top financial regulator pledged to protect individual traders and to examine measures taken by brokers that “could disadvantage investors or otherwise unduly hinder their ability to trade certain securities”.

“We will act to protect retail investors when the facts show abusive or manipulative trading activity that is prohibited by federal securities laws,” the SEC said.

“The Commission is working closely with our regulatory partners, both in government and at FINRA and other self-regulatory organizations, including exchanges, to ensure that regulated companies meet their obligations to protect investors and identify and prosecute potential misconduct.”

The explanation came as sharply shortened, soaring stocks rose again during Friday’s session. Video game retailer GameStop, theater operator AMC and headphone maker Koss were up 50%, 53% and 43%, respectively.

The SEC’s promise to curb brokerage deals that may have “unduly” restricted customers’ tradability is good news for members of WallStreetBets Reddit and other retailers who sparked the rally.

By buying the sharply shortened stocks or their call options, retail investors have forced investors betting against the stocks known as short sellers to cover their positions by repurchasing stocks to avoid further losses.

If this happens on a massive scale, it is called a “short squeeze” and can lead to a dramatic, volatile rise in the share price.

Many individual traders took to Twitter and other social media platforms on Thursday to protest Robinhood’s decision to restrict access to certain stocks at the center of the controversy. The high trading volume puts pressure on online brokers like Robinhood, who customers have to pay in cash when closing a position. The brokers also needed additional cash to provide their clearing facility with additional capital and to protect trading partners from excessive losses.

Robinhood later said it would allow limited purchases in GameStop and other volatile stocks on Friday.

For the week, GameStop is up 420%, Koss is up 1,800%, and AMC is up 280%.

A pedestrian walks past a GameStop Corp. store in Rome, Italy on Thursday, January 28, 2021.

Alessia Pierdomenico | Bloomberg | Getty Images

The sharp swings in such stocks, as well as Robinhood’s decision to restrict trading, have drawn the ire of politicians on both sides of the political aisle.

Senator Elizabeth Warren told CNBC Thursday that she blamed the SEC’s failure to act for the days of flash of market speculation.

“We need an SEC that has clear rules for market manipulation and then has the backbone to enforce and enforce those rules,” said the Massachusetts Democrat. “To have a healthy stock market, you have to have a cop on the beat.”

“That should be the SEC,” she added. “You have to step up and do your job.”

North Carolina MP Patrick McHenry, the senior Republican on the House Financial Services Committee, said Friday he was concerned about unequal access to capital markets.

I want to “make sure we don’t stop people from having additional access to markets and therefore leave them to activities like we’ve seen with GameStop and some other tradable stocks,” he said on Squawk Box.

“What I’m seeing here is this bigger case: average, everyday investors are excluded from the access that insiders like C-suite members get from corporations, and hedge funds and private equity get natural access,” he added. “And that the credit investor standard has turned our markets into an extremely prosperous lie.”

Categories
World News

Robinhood CEO says it restricted shopping for in GameStop to ‘shield the agency and shield our prospects’

Robinhood Co-Founder and Co-CEO Vlad Tenev speaks on stage during the TechCrunch Disrupt New York event on May 10, 2016.

Noam Galai | Getty Images for TechCrunch

Vlad Tenev, CEO of Robinhood, said Robinhood’s attempt to stop trading certain speculative names is in the best interests of the company and its millions of users.

“In order to protect the company and our customers, we had to limit the purchase of these stocks,” Tenev told CNBC’s Andrew Ross Sorkin on Thursday evening.

“Robinhood is a brokerage firm, we have a lot of financial requirements. We have SEC net capital requirements and clearinghouse deposits. So this is money that we have to deposit with different clearing houses. Some of these requirements fluctuate significantly in the market and they can be in because of the volatility Given the current environment where there is a lot of volatility and a lot of concentrated activity in these names that have gone viral on social media, “Tenev said.

Tenev denied the firm had any liquidity issues, saying Robinhood had drawn on lines of credit as a proactive measure.

“We want to be able to enable our customers to be as unrestricted as possible in accordance with requirements and regulations,” said Tenev. “So we pulled these lines of credit so that we could maximize the funds we have to deposit with the clearing houses within a reasonable range.”

In the midst of a wild week of speculative retailing, Robinhood restricted trading in thirteen stocks, including GameStop and AMC Entertainment, on Thursday. The pioneer of free stock trading only allowed clients to sell positions in certain securities, no open messages, increased margin requirements and even said it would automatically close some positions if the client ran the risk of not having the required collateral.

“We haven’t seen this level of concentrated interest rate market on a small number of names before,” Tenev said. “We believe you should be able to buy and sell the stocks you want.”

Robinhood then said after Thursday’s closing bell that it would allow limited purchases of restricted stocks on Friday.

The broker’s original decision met with outrage from his group of loyal private investors. However, Robinhood stated the move was taken to meet the SEC’s capital requirements for broker-dealers.

“We saw unprecedented interest because the funding was culturally relevant in ways never seen before,” Tenev said. “Of course, Robinhood is about everyday investors. From the beginning we advocated open access investors. It hurts us to have to impose these restrictions and we will do everything we can to get these stocks trading as soon as possible enable.” As we can. “

Tenev said Robin’s decision was not made under the direction of a market maker or hedge fund.

GameStop stock closed 44% on Thursday after Robinhood restricted trading and rose more than 60% after the close of business after the decision to ease restrictions.

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Business

defend your privateness in case you win Mega Tens of millions or Powerball

MARK RALSTON | AFP | Getty Images

There is a chance that at least a few people in 2020 will be far richer than most of us.

With no ticket matching all six numbers drawn in Mega Millions on Tuesday, the jackpot for the Friday night drawing rose to $ 401 million. Powerball’s grand prize is not far behind at $ 363 million for the Wednesday night draw.

If you’re lucky enough to be the next big winner, experts say that part of protecting your windfall is protecting your identity when you can.

“Four hundred million dollars would attract a lot [attention]”said Attorney Kurt Panouses, founder of the Panouses Law Group in Indialantic, Florida and an expert in helping lottery winners.

Keeping your win calm will protect you from strangers and scammers who want a part of the prize.

However, states don’t always make data protection easy: only a handful allow winners to remain completely anonymous. In other cases, you may be able to claim the award through a trust or limited liability company or LLC that does not have your name on it. However, you need to plan for this.

Here are tips for big lottery winners trying to protect their privacy.

Handling your ticket

The standard advice is to sign the back of your ticket. However, if you find yourself in a state where a trust or LLC can claim the prize, hold back with this signature if privacy is important to you.

“Of course you want to protect the ticket, but whatever name is on the back of the ticket is identified as the payee,” said Panouses. “The back of the ticket is important for data protection reasons.”

In most states, he said, if you use an LLC or trust to claim the money, you can bypass disclosing your name.

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Panousas said he has also created trusts whose beneficiaries are sub-trusts instead of the winners. This adds an extra layer of data protection.

stay calm

While you might want to share your exciting news, experts say the fewer people know, the better.

“Keep the circle of people who don’t know or tell anyone about it,” said Panouses.

For example, if you are claiming the profit in conjunction with other family members, i.e. through a trust or LLC as a joint prize, then all parties involved should sign non-disclosure agreements, Panouses said.

Money management

In addition to choosing experienced professionals to help you tackle the windfall, it may also be wise to avoid the professionals in your hometown if you are concerned about the news that your profits will be lost.

“Someone in this office might say, ‘Oh, this is the lottery winner,'” Panouses said. He relies on a large investment and trust company that has a proven record of serving wealthy households.

“If I open accounts with them, I know the information won’t be made public,” said Panouses.

Plan an escape

Skipping town a bit after claiming your prize is probably a good idea.

“We make sure the winners have a plan to go somewhere for a week or so after they claim,” Panouses said. “When people find out you won, they may show up at your home.”

It’s also worth changing the cell phone number, he said. If you have a landline, this should also be changed.

You may also want to close your social media accounts if you cannot remain anonymous.

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Business

How Mega Hundreds of thousands and Powerball winners can shield their windfall

Frederic J. Brown | AFP | Getty Images

Mega Millions players can continue daydreaming.

With no one getting all six numbers drawn on Friday, the jackpot has risen to an estimated $ 376 million. And Powerball, with the next draw for Saturday night, is $ 341 million.

Obviously, due to taxes, these advertised amounts are not what you would end up with if you managed to beat the astronomical odds of winning a single ticket (1 in 302 million for Mega Millions and 1 in 292 million for Powerball).

Even so, the sudden gust of wind in your life would likely feel overwhelming, experts say. And while you might be keen to claim your winnings, experts say it’s best not to rush to lottery headquarters on the day you discover your luck.

In other words, take a deep breath.

“The first thing I would recommend is building a team of professionals to handle the many aspects of investing money,” said certified financial planner Doug Boneparth, president of Bone Fide Wealth in New York.

This team should include an accountant, a financial advisor, and a lawyer. Here are some other considerations when hitting the jackpot.

Annuity or lump sum?

You can choose to take your winnings either as a lump sum or as a 30 year pension. The Mega Millions jackpot of $ 376 million has a cash option of $ 287.4 million. For the $ 341 Powerball prize, that amount is $ 262.5 million.

Experts usually recommend getting the money all at once – which is what most winners do.

“The flat rate distribution would be the preference,” said Boneparth. “When you do that, you have more control over the money.”

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However, he added a caveat.

“If you are not disciplined or are afraid of how to invest with support, retirement may be a better option,” said Boneparth.

The tax hit

Before the money reaches you, 24% is withheld for federal taxes. For Mega Millions’ $ 287.4 million cash option, that would mean $ 69 million off the top and you get $ 218.4 million. For the Powerball flat fee of $ 262.5 million, withholding tax would be $ 63 million, leaving $ 199.5 million.

But that’s not all. The highest marginal rate of 37% applies to income above $ 518,400 for individual taxpayers ($ 622,050 for married couples filing together), which means much more would be due at tax time. And state taxes can be withheld or due.

“If you factor in city, state, and town taxes in some places, you might look into this [close to] 50% goes to taxes, “said Boneparth.

There may be strategies in place to reduce your tax payments. That is why it is important to have a tax advisor on your team.

Other things

If you can’t claim your prize anonymously – it depends on the state – you can skip town for a while. Unwanted attention can come from both the public and the extended family.

“Your fifth uncle, once removed, could reach you,” said Boneparth. “Find a comfortable place and go away.”

If you want to share some of the money with family or friends, plan for these gifts in advance, said Boneparth.

“You want to avoid getting hit repeatedly,” he said. “You can set expectations in advance. Then planning really comes into play.”