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Health

F.D.A. Releases One other Batch of Johnson & Johnson’s Vaccine

WASHINGTON — Federal regulators on Friday cleared a batch of vaccine that could furnish up to 15 million doses of Johnson & Johnson’s one-shot coronavirus vaccine, deciding they can be safely distributed despite production failures at the factory that ruined 75 million other doses.

The move brings the total number of Johnson & Johnson doses made at the Baltimore facility and cleared by the Food and Drug Administration for distribution in the United States to roughly 40 million. But Johnson & Johnson remains far short of its commitment to deliver 100 million doses to the federal government by the end of June. European Union officials have said the company is missing its delivery targets there, as well.

The vaccine cleared on Friday is not yet bottled, and the Biden administration’s plans for it remain unclear. But with new coronavirus cases dropping and the country awash in vaccines from two other authorized manufacturers, most new Johnson & Johnson doses produced in the United States are likely destined for export.

Johnson & Johnson has been unable to produce much of its vaccine since April, when regulators shut down the Baltimore factory, operated by Emergent BioSolutions, because of major production errors. Johnson & Johnson had been relying on Emergent, its subcontractor, to produce vaccine for use in the United States as well as to meet its commitments overseas while it expanded its own plant in Leiden, the Netherlands.

Even with the newly cleared batch, Johnson & Johnson remains nearly 40 million doses short of the 100 million doses called for in its federal contract. The F.D.A. did not disclose the precise number of doses cleared Friday, but multiple people familiar with Emergent’s operation said the batch amounted to as many as 15 million doses.

Also on Friday, European regulators approved the reopening of Johnson & Johnson’s Dutch plant, a piece of good news for the company amid its supply woes. “Today’s approval represents progress in expanding our global manufacturing network to supply our Covid-19 vaccine worldwide,” the company said in a statement.

The Baltimore factory is expected to remain shuttered for at least several more weeks while Emergent tries to bring it up to standard, according to people familiar with its operation who spoke on condition of anonymity. The F.D.A. said in a statement Friday that it was not yet ready to certify that the plant was following proper manufacturing practices.

After the discovery in March that Emergent workers had contaminated a batch of Johnson & Johnson’s vaccine with a key ingredient for AstraZeneca’s Covid vaccine being made at the same plant, regulators cited Emergent for a series of regulatory violations. Emergent was forced to throw out the equivalent of 75 million doses of Johnson & Johnson vaccine. European authorities discarded another 17 million more doses, and South Africa, which is desperate for vaccine, pulled two million more.

The Biden administration also had to pivot from relying on AstraZeneca doses to fulfill its pledge to donate vaccine to poorer nations, swapping in supplies from other makers. The F.D.A. has yet to rule on whether the equivalent of more than 100 million doses of both Johnson & Johnson and AstraZeneca vaccines produced by Emergent are suitable for use.

The F.D.A. has been conducting a painstaking review of every vaccine batch from the Emergent plant, matching up records of deviations from manufacturing standards with production lots to determine whether the batches can be released. In a letter to Johnson & Johnson released late Friday, the agency said the batch it was releasing was suitable for distribution even though the factory was not adhering to proper manufacturing practices at the time it was produced.

As deliveries of Johnson & Johnson’s vaccine stalled, the Biden administration ended up relying almost entirely on doses made by Pfizer-BioNTech and Moderna. With the pandemic now waning in the United States, demand for shots has plummeted. Johnson & Johnson has teamed up with the pharmaceutical giant Merck to make more doses, but the factory they intend to use is not expected to start operating until the fall.

Although the Johnson & Johnson vaccine was once considered a game changer in the nation’s vaccination campaign, state health officials have struggled to use up even the limited supply they received in the spring. Roughly 12.5 million people in the United States have taken the vaccine, accounting for a little more than half of the available supply, and millions of doses are set to expire by August. It is still being used in doctors’ offices and at smaller events, state officials said.

Enthusiasm for the Johnson & Johnson vaccine dropped in part because of a federally recommended pause in its use in April after a rare blood-clotting disorder was discovered in a few recipients.

But federal health officials are still hoping that surplus doses of Johnson & Johnson’s vaccine will be useful overseas, where vaccine doses remain desperately scarce. White House officials said this week that some countries had requested the vaccine because it is easier to store and transport than the others, and because some people prefer a one-shot regimen. The vaccine has been deployed in 27 countries so far.

On Thursday, Johnson & Johnson reported that early results of unpublished studies showed that its vaccine was effective against the highly contagious Delta variant, even eight months after inoculation. That was a reassuring finding for those who have gotten the company’s shot.

The news came after earlier data showed Pfizer’s and Moderna’s mRNA vaccines as effective against the Delta variant, which is much more contagious than previous variants and is expected to quickly become the dominant version of the virus in the United States. Because Johnson & Johnson’s vaccine rolled out more slowly, information about its effectiveness against variants has also lagged.

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Business

Venezuela Releases 6 U.S. Oil Executives to Home Arrest

HOUSTON – The Venezuelan government released a group of American refinery managers from prison and under house arrest in Caracas on Friday, a possible sign that President Nicolás Maduro is looking to improve relations with the Biden government.

The six executives of Citgo Petroleum of Houston, a subsidiary of the Venezuelan state-owned oil company, have been charged with corruption since 2017 after they were ordered to attend a budget meeting in Venezuela. When they arrived, they were arrested.

The group – known as “Citgo 6” – was previously allowed to return from prison to private homes, only to be sent back to prison.

Bill Richardson, the former New Mexico governor who has tried to negotiate the release of the six, five of whom are naturalized American citizens and the other an American resident, said he viewed the transfer as a sign of progress.

“This is a positive and important step that would help ensure their well-being during the Covid-19 outbreak in Venezuela,” Richardson said in a statement.

The men were charged with money laundering and embezzlement in connection with a $ 4 billion Citgo deal that never went through. They are widely viewed as a bargaining chip as the relationship between the United States and Venezuela has deteriorated in recent years.

The last time the leaders were released from prison two years ago, they were swiftly returned to prison after then-President Donald J. Trump invited Juan Guaidó, a leading opposition leader, to the White House.

Mr Guaidó is officially recognized as President of Venezuela by the United States and other western countries, but the likelihood that he will ever take control of the government seems slim. Mr Maduro has held power with a firm grip and help from Cuba, Russia and China.

Citgo operates three large refineries, a large pipeline network and numerous gas stations in the United States. It is currently prevented from doing business with Venezuela due to US sanctions.

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Politics

Below Heavy Strain, Trump Releases Video Condemning Capitol Siege

The President also left open the option to apologize, despite Mr Cipollone’s concerns and warnings from outside advisers that he would ignite investigators who are already following him.

Mr. Trump has never been as isolated as he was this week. The White House is sparsely occupied, according to people who worked there on Wednesday. Those who went to work tried to avoid the Oval Office.

More and more employees have quit, and the White House law firm is not preparing to defend him in the Senate trial. His political adviser, Jason Miller, posted on Twitter a poll by John McLaughlin, one of the pollsters for the campaign, designed to demonstrate the president’s influence on the party, when the House Republicans debated their votes.

Plans to move Mr. Trump to another platform online after being banned from Twitter have been suspended. One option was the Gab platform, which attracted extremists and supporters of the QAnon conspiracy. Mr Trump’s advisor Johnny McEntee favored the site, but Mr Kushner blocked the move, according to people familiar with the discussions previously reported on by Bloomberg News.

Mr Giuliani is among those charged with involvement in inciting the mob that attacked the Capitol. A group of former US assistant attorneys who worked with him while serving as a federal attorney in Manhattan said Wednesday that he was dismayed by his previous appearance at the rally.

In a letter, the group said that Mr Giuliani’s comments calling on Trump supporters to engage “process through struggle” to stop the confirmation of election results contributed to the loss of life and damage to the country .

“It was disturbing and utterly disheartening to have any of our former colleagues involved in this behavior,” said former prosecutors in the letter, which was signed by many Giuliani colleagues, including Kenneth Feinberg, Ira Lee Sorkin, Elliot Sagor and Richard Ben -Veniste.

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Business

Imax CEO expects ’embarrassment of riches’ from slate of 2021 film releases

Despite the number of productions delayed this year by the coronavirus pandemic, Imax CEO Richard Gelfond said on CNBC Monday the New Year could prove to be a lucrative one for his company.

While studios paused recording, film releases were also delayed as cinemas closed across the country in response to the Covid-19 outbreak earlier this year. Gelfond expects at least some of the revenue that was missed in 2020 will be amortized if optimistic forecasts to contain the global health crisis work as hoped and give Imax a boost when movie lovers look for immersive entertainment they can’t can at home.

“In a way, 2021 is an embarrassment of wealth when things open at the beginning of the year,” he said in an interview with Closing Bell. “There is a lot of content, and that applies worldwide.”

Highly anticipated films Gelfond is betting on release next year include “Top Gun: Maverick”, “Black Widow” and “Fast & Furious 9”. Each of their planned releases for 2020 has been postponed to 2021. Imax also has contact with overseas box offices with locations in 82 countries where other films are also lagging behind, Gelfond said. North America accounts for a third of Imax’s global business.

Imax had its most successful year in 2019 with box office sales of $ 1.035 billion. It was the second year in a row that the company had revenues of more than $ 1 billion. This streak was broken in 2020.

Imax sales reached $ 395.7 million in 2019 for three consecutive years of at least $ 370 million. Sales have suffered heavily in the last three quarters and are 70% lower than in the same period last year of 70 months.

“Fortunately, there is already a large backlog of films,” said Gelfond.

As vaccination campaigns begin around the globe and health professionals plan potential reopening schedules, companies are planning when to expect business to rebound to pre-pandemic levels.

Gelfond plans to improve business at the Imax theaters by the summer with the launch of Top Gun: Maverick starring Tom Cruise and Jennifer Connelly.

“I think by then you will be nearing 100% and then it will surely be fully open by the fourth quarter,” he said. Given the optimism that the US economy will recover quickly after the country hits ideal immunity levels, “I think it is very likely that things will open up here from the second quarter onwards.”

Imax’s shares rose 4% on Monday to trade at $ 17.70. The stock has fallen 13% since the start of the year.

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Health

HHS releases sweeping new report on U.S. Covid outbreak in transfer towards transparency

The Department of Health and Human Services released a comprehensive new report on the state of the U.S. Covid-19 outbreak on Friday, releasing data previously only available to government employees.

The new “Community Profile Report” uses data collected by various agencies, including the Centers for Disease Control and Prevention, and the HHS Protection System to show the severity of the outbreak in different states and even counties. The first report shows that 35 states are “red,” indicating a major outbreak.

The report also names “selected high-exposure areas” where the number of new cases is increasing rapidly along with the percentage of positive tests. For example, Nashville, Tennessee, Tulsa, Oklahoma, and Somerset, Pennsylvania are high-pollution areas in the first report.

The report also identifies “Rapid Riser Counties” and displays several heatmaps that contain various statistics that are used to determine how bad the local outbreak is in counties across the country. It records, among other things, the death rates, the percentage of positive tests and hospital admissions in Covid.

It is the most comprehensive picture of the US outbreak released by the federal government about nine months after the virus spread across the country. It is a reminder that such data was withheld from the public for months while it was distributed among federal and some state officials.

Jose Arrieta, who served as the chief information officer for HHS when the government launched HHS Protect, the agency’s Covid-19 hospital data warehouse, said the new report was “certainly a step in the right direction” toward transparency. Arrieta resigned in August.

“A number of agency staff, including myself when I was there, pushed for transparency,” he said in a telephone interview on Friday. “I appreciate the fact that the data is being shared.”

Dr. Janis Orlowski, Chief Health Care Officer of the Association of American Medical Colleges, is a member of the working group for White House Health Advisor Dr. Deborah Birx, on improving HHS protection. She said she and other members had been pushing for more data to be released over the past few weeks.

“We pushed for transparency, transparency, transparency … and they are doing a good job,” she said. “I like that it’s transparent and that epidemiologists and other people can look at it and say that’s fine, but it would really be better if we knew X, Y or Z.”

HHS spokeswoman Katie McKeogh said in a statement to CNBC that at least some of the data is in one form or another in scattered reports, but this new report brings it all together.

“As you know, there are different reporting processes at the local, state and state levels, and it has taken time and effort to build consistency between these systems to present the data as you see it today,” she said in a statement opposite CNBC. “This report has been extremely valuable to the federal response and we hope it will be helpful to state and local health departments, hospitals, businesses and the public as well.”

Much of the data in the report has been distributed to governors and state officials by the White House coronavirus task force to guide local Covid-19 strategy. Many of the reports, which in public statements often paint a worse picture of the outbreak than federal officials, were received from reporters.

The new public reports are a major step towards transparency in a federal response that is largely characterized by its opaque data collection.

“We hope that making this data public will help Americans make personal choices to slow the spread,” a group of federal officials who campaigned for the report said in a statement titled “Our data is yours Data”. The group includes Heather Strosnider, Co-Head of Integrated Surveillance at CDC, Kelly Bennett, Co-Head of Integrated Surveillance in the Assistant Secretary’s Office for Preparedness and Response, Amy Gleason of US Digital Service and Kevin Duvall, Assistant Head of Data Officer at HHS .

“HHS believes in the power of open data and transparency,” they wrote. “Publicly publishing the reports that our own response teams use and using the information by others outside of the federal response will only make the data better.”

A federal conflict over data transparency began this summer when the CDC’s data infrastructure proved inadequate to meet the requirements of the Covid pandemic. For example, federal officials needed daily data on the number of Covid patients in each hospital in order to be able to make potentially life-saving decisions about the allocation of scarce resources.

Instead of working on a quick overhaul of the CDC system, HHS rolled out a new data collection system called HHS Protect this summer with the help of federal companies, including Palantir. While many in the public health sector recognized the limitations of the CDC’s data collection system, some saw it as a move by the Trump administration to phase out the CDC amid a crisis.

Orlowski said the detail of the new public report is a demonstration of what HHS Protect is capable of and a testament to the progress the U.S. has made in collecting public health data during the pandemic.

“Never waste a crisis,” said Orlowski. “As long as we don’t increase the burden on the hospital, I believe we must continue to do so.”

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Health

Shares of Penumbra tank after brief vendor releases important report

Penumbra’s shares were down about 17% Tuesday after short seller Quintessential Capital Management released a critical report on the California-based medical device maker. The stock halted shortly after 2 p.m. ET due to outstanding news.

Quintessential Capital is short in Penumbra, which means they are betting that the stock will fall. The company first began targeting penumbra last month, releasing a report of more than 100 slides claiming, among other things, its JET 7 catheter had been linked to at least 18 deaths and 39 injuries. Quintessential Capital also alleged penumbra misled doctors and investors alike.

In its most recent report, Quintessential Capital claims that an “essential part” of the company’s scientific research was carried out by a fake person named Dr. Antique Bose. “This person is a fake. We have no doubts,” said Gabriel Grego, managing partner of Quintessential Capital, on Tuesday in CNBC’s “mid-term report”.

Quintessential Capital directed its allegations of misconduct to the US Food and Drug Administration and wrote to the regulator on Tuesday to open an investigation. According to records that Grego shared with CNBC, the company has also given the SEC a whistleblower tip.

Penumbra has a market cap of around $ 7 billion as of Tuesday afternoon. At the time of Quintessential Capital’s November report for the company, its market cap was approximately $ 9.4 billion.

In a statement accompanying the Mid-Term Report, Penumbra denied Quintessential Capital’s claims, saying that its “innovative medical devices have helped save the lives of hundreds of thousands of patients suffering from life-threatening diseases since its inception in 2004”.

“This attack by bad QCM short sellers reads like an internet conspiracy written by teenagers. It is impossible to deny the facts because there are no facts,” the company said in an email. “Penumbra is very comfortable finding that none of the claims made in the diatribe of these short sellers are true. The claims are nothing more than a baseless campaign of shameless short sellers willing to risk lives for a quick profit. “

– CNBC’s Lora Kolodny contributed to this report.