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World News

For China’s Single Moms, a Highway to Recognition Paved With False Begins

For a few wonderful weeks, Zou Xiaoqi, a single mother in Shanghai, felt accepted by her government.

After giving birth in 2017, Ms. Zou, a financial clerk, went to court to question Shanghai’s policy of granting maternity benefits only to married women. She had little success and lost one lawsuit and two appeals. Then, earlier this year, the city suddenly dropped its marriage obligation. In March, a jubilant Ms. Zou received a performance check on her bank account.

She had barely started partying when the government reintroduced policy a few weeks later. Unmarried women were again not entitled to government payments for medical care and paid vacation.

“I always knew there was this possibility,” said Ms. Zou, 45 years old. “If you can get me to return the money, I will probably return it.”

The Shanghai authorities’ flip-flop reflects a broader view in China of longstanding attitudes towards family and gender.

Chinese law does not specifically prohibit single women from giving birth. However, official family planning guidelines only mention married couples, and local officials have long provided benefits based on these provisions. Only Guangdong Province, which borders Hong Kong, allows unmarried women to apply for maternity insurance. In many places women still face fines or other punishments for childbirth out of wedlock.

But as China’s birthrate has plummeted in recent years and a new generation of women embraced feminist ideals, these traditional values ​​have come under increasing pressure. Now a small but determined group of women are demanding guaranteed maternity benefits regardless of marital status – and, more generally, recognition of their right to make their own reproductive choices.

The U-turn in Shanghai, however, highlights the challenges facing feminists in China, where women face deeply ingrained discrimination and a government that is suspicious of activism.

It also shows the authorities’ reluctance to give up decades of control over family planning, even in the face of demographic pressures. The ruling Communist Party announced Monday that it would end its two-child policy, which allows couples to have three children in the hope of reversing a falling birth rate. However, single mothers remain unrecognized.

“There has never been a change in the policy,” said a Shanghai maternity hotline agent when he was reached by phone. “Single mothers never met the requirements.”

Ms. Zou, who found out she was pregnant after breaking up with her boyfriend, said she would continue to fight for recognition even though she didn’t need the money.

“This is about the right to vote,” she said. Currently, when an unmarried woman becomes pregnant, “You can either get married or have an abortion. Why not give people the right to a third choice? “

As education levels have risen in recent years, more and more Chinese women have refused marriage, childbirth, or both. According to government statistics, only 8.1 million couples got married in 2020, the lowest number since 2003.

With the rejection of marriage, the recognition of single mothers has increased. There are no official statistics on single mothers, but a 2018 report by the state-sponsored All-China Women’s Federation estimates that there will be at least 19.4 million single mothers in 2020. These included widowed and divorced women.

When Zhang A Lan, a 30-year-old filmmaker, grew up in Central Hebei Province, unmarried mothers were viewed as defiled and sinful, she said. When she decided to give birth without getting married two years ago, it was common for people on social media to question these old stereotypes.

“Marriage is obviously not a prerequisite for childbirth,” said Ms. Zhang, who gave birth to a boy last year.

Yet many women described a persistent gap between attitudes on the Internet and in reality.

Many Chinese are still concerned about the financial burden and social stigma that single mothers face, said Dong Xiaoying, a Guangzhou lawyer who advocates the rights of single mothers and gay couples. Lesbians are also often denied maternity rights because China does not recognize same-sex unions.

Ms. Dong, who wants to have a child out of wedlock herself, said her parents found the decision incomprehensible.

“It’s a bit like getting out of the closet,” said Ms. Dong, 32. “There’s still a lot of pressure.”

However, the biggest obstacles are official.

The authorities have taken some measures to start recognizing the reproductive rights of single women. A representative of the National People’s Congress, China’s legislature, has for years put forward proposals to improve the rights of unmarried women. While authorities have shut down other feminist groups, those who support unmarried mothers have largely escaped control.

The easier contact with authorities may be due, at least in part, to the fact that women’s goals are aligned with national priorities.

China’s birth rate has declined in recent years after decades of one-child policies severely reduced the number of women of childbearing age. Recognizing the threat to economic growth, the government has begun pushing women to have more children. On Monday, she announced that couples would be allowed to have three children. The government’s latest five-year plan, published last year, promised a more “inclusive” birth policy and raised hopes for recognition of unmarried mothers.

A state outlet was recently mentioned in a headline about the original relaxation of politics in Shanghai: “More and more Chinese cities are offering maternity insurance to unmarried mothers in the demographic crisis.”

But the obvious support only goes so far, said Ms. Dong. Far from promoting women’s empowerment, the authorities have recently attempted to pull women out of the workforce and return to traditional gender roles – the opposite of what single motherhood would allow. “From a governance point of view, they don’t really want to open up completely,” she said.

The National Health Commission emphasized this year that family planning is the responsibility of “husbands and wives together”. In January, the Commission rejected a proposal to open up egg freezing to single women, citing ethical and health concerns.

Open rejection of gender norms can still lead to reprisals. Last month, Douban, a social media site, shut down several popular forums where women discussed their desire not to marry or have children. Site moderators accused the groups of “extremism”, according to group administrators.

Shanghai’s U-turn was the clearest example of the authorities’ mixed message on the reproductive rights of unmarried women.

When the city appeared to be expanding maternity benefits earlier this year, officials never specifically mentioned unmarried women. Their announcement simply said that a “family planning review” that required a marriage certificate would no longer be conducted.

In April women were again asked for their marriage certificates when applying online.

“The local administrators don’t want to take responsibility,” said Ms. Dong. “No higher national authority has said that these family planning rules can be relaxed, so they don’t dare to open that window.”

Many women hope that pressures from an increasingly vocal public will make such regulations untenable.

32-year-old Teresa Xu saw this postponement firsthand in 2019 when she filed a lawsuit against China’s ban on freezing eggs for single women. At first, the judge treated her like a “naive little girl,” she said. But when her case found support on social media, officials became more respectful.

Even so, her case is still pending and officials have not given her an update in over a year. Ms. Xu said she was confident in the long run.

“There’s no way of predicting what they’re going to do in the next two or three years,” she said. “But I think there are some things that cannot be denied when it comes to the development and desires of society. There is no way to reverse this trend. “

Joy Dong contributed to the research.

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World News

Tesla begins utilizing cabin cameras for driver monitoring

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.

Frederic J. Brown | AFP | Getty Images

Tesla has started using cabin cameras in some Model 3 and Model Y vehicles to make sure drivers are paying attention to the road when they use driver assistance features, according to release notes obtained by CNBC.

Their Model 3 and Model Y cars already had driver-facing cabin cameras, but the company’s owners manuals said they were not used for driver monitoring. Instead, Tesla’s systems required drivers to “check in” by touching the steering wheel, which is equipped with sensors.

Now, Tesla is telling drivers their cabin cameras have been switched on for driver monitoring in new vehicles that lack radar sensors, according to Kevin Smith, a second-time Tesla buyer in Murfreesboro, Tennessee. Smith says he took delivery of a 2021 Tesla Model Y crossover on Thursday.

The technical changes come amid regulatory scrutiny of Tesla vehicle safety in the U.S. and abroad. The company is facing dozens of federal probes into the underlying causes of Tesla-involved crashes in the U.S., some of which may have involved Autopilot.

Elon Musk’s auto business sells its driver assistance systems under the brand names Autopilot and Full-Self Driving, or FSD, an optional $10,000 upgrade. Tesla also offers some drivers who paid for FSD the option to try unfinished driver assistance features in its FSD Beta program, effectively turning them into beta testers.

Tesla’s owners manuals caution drivers that use of these systems requires “active supervision.” However, owners have repeatedly demonstrated over-confidence in the systems, sharing videos and accounts of driving while asleep at the wheel, driving without their hands on the wheel, or even driving while sitting in the passenger or back seat of the car.

A federal vehicle safety watchdog, the National Transportation Safety Board, has called on Tesla to stop beta-testing on public roads using customers in lieu of professionals, and to add robust driver monitoring to its vehicles.

It’s not clear whether Tesla’s new camera-based driver monitoring system and cars without radar meet the standards set forth by the NTSB or other safety standards.

One owner’s experience

Kevin Smith ordered his 2021 Model Y at the end of March and expected to get a vehicle with the sensor suite Tesla previously marketed, including radar.

But on Tuesday this week, Tesla announced it would exclude radar and downgrade the vehicles’ functionality in a blog post. The post also said Tesla will restore the missing features once Tesla transitions customers to a “pure vision” or camera-based version of its driver assistance and safety features.

Before he could get his new Model Y delivered, Smith was asked in an “Order Update” on the Tesla website to confirm that he would accept the modified car for the same price as the one he originally ordered.

The waiver noted that the company is transitioning to Tesla Vision, its camera-based Autopilot system, and that some new cars delivered beginning in May 2021 will not have radar. It also cautioned that Vision may be delivered with some features “temporarily limited or inactive” and said Tesla will restore those features with over-the-air software updates in the “weeks ahead.”

An Order Update for Tesla customers taking delivery of Model 3 or Model Y in May 2021.

Screenshot

When he took delivery of his all-wheel-drive 2021 Model Y, Smith saw a “release note” in the vehicle’s touchscreen display that informed him of a cabin camera update:

“The cabin camera above your rearview mirror can now detect and alert driver inattentiveness while Autopilot is engaged. Camera data does not leave the car itself, which means the system cannot save or transmit information unless data sharing is enabled. To change your data settings, tap Controls > Safety & Security > Data Sharing on your car’s touchscreen.”

Adding a camera-based driver monitoring system does not restore the driver assistance and safety features Tesla said it had turned off for now.

Consumer Reports and the Insurance Institute for Highway Safety on Wednesday removed top-level safety endorsements for the Model 3 in the U.S. after the company announced it had excluded radar from these vehicles. Consumer Reports noted, “The government’s top vehicle safety rating agency says the vehicles may lack some key advanced safety features, including forward collision warning (FCW) and automatic emergency braking (AEB).”

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Business

Netflix’s Dominance Begins to Gradual as Rivals Achieve

Netflix continues to rule the streaming universe. As of the end of March, the company had a total of 207.6 million paying subscribers, including around 67 million in the United States, the company found in an earnings report on Tuesday.

However, its main competitors – Disney +, HBO Max, Paramount +, and AppleTV +, as well as old-school streamers Amazon Prime Video and Hulu – have caught the attention of Netflix.

Global demand for original Netflix programming like “Bridgerton”, the much-vaunted romance of super producer Shonda Rhimes, has declined compared to similar offers from newcomers, according to developed data company Parrot Analytics, a metric that not only measures the number of viewers for certain programs but also their likelihood of attracting subscribers to a streaming service.

In its most recent ranking, Parrot reported that Netflix’s share of total demand – a measure of the popularity of its shows – was slightly above 50 percent in the first three months of the year, compared with 54 percent a year ago and 65 percent in the first quarter 2019.

In other words, competitors have started to participate in Netflix’s dominance.

That showed in the numbers. For the first quarter of 2021, Netflix reported four million new customers, less than the forecast six million. The company expects only one million new customers for the current quarter, which ends in June.

Netflix shares fell around 10 percent in after-hours trading on Tuesday after earnings were announced.

The company doesn’t think the newer competitors were the problem.

“Are we sure it’s not competition? Because there are obviously a lot of new competitions, “said Reed Hastings, co-managing director of the company along with Ted Sarandos, on the call to win after the report. “It’s fiercely competitive, but it’s always been like that. We’ve been competing with Amazon Prime for 13 years and Hulu for 14 years. “He added,” So there is no real change that we can see in the competitive landscape. “

Netflix withdrew productions during the pandemic, which has now been added to the release schedule. The company did not have any large series during the reporting period.

“We will return to a much more stable state in the second half of the year,” said Sarandos, citing the return of popular series like “The Witcher” and “You”.

In business today

Updated

April 20, 2021 at 1:25 p.m. ET

Netflix also hiked prices in October, increasing its standard plan by a dollar to $ 14 a month. The premium tier has been expanded by another $ 2, which is now $ 18. The company typically increases its fees roughly every 18 months. Attempts are also being made to curb password sharing, which has long been the practice.

During the same period when the pandemic was underway, the company had a record 15.7 million subscribers last year.

When much of the world was locked down, people turned to screens to pass the hours. Netflix saw a surge in new signups, creating a record year of nearly 37 million additional customers. The company is unlikely to repeat this feat in 2021 as restaurants, shops, theaters and sports stadiums across the country reach full capacity.

But Netflix is ​​an international business. Most of its revenue now comes from overseas and has based its future growth on emerging economies like India and Latin America. These regions have had a surge in coronavirus cases recently, which has resulted in new lockdowns. Most of the world, including Europe, didn’t vaccinate its citizens as quickly as the United States.

Netflix still spends a lot. $ 465 million was spent to purchase two sequels to the hit unit “Knives Out,” a price 50 percent above the gross proceeds of the first film. It’s also ten times the cost of producing the film. Hollywood lit up with chatter. Did Netflix Pay Too Much?

The director of the film, Rian Johnson, came up with the idea for the film, and he and his production partner control the rights. The lucrative deal is in line with Netflix’s expensive advertising for Hollywood creators. There are nine-digit agreements with prolific television producers such as Ms. Rhimes and Ryan Murphy, and actor-producer Adam Sandler. Mr Johnson could join their ranks by creating additional series and films for the company.

Despite Netflix’s endeavors to own content, Netflix recently signed a distribution agreement with Sony Pictures Entertainment, the last major Hollywood studio not tied to a streaming business. Netflix will have rights to a number of Marvel franchises, including Sony-controlled Spider-Man and several offshoots based on the character.

The company posted first quarter profits of $ 1.7 billion on sales of $ 7.16 billion. Investors targeted a profit of $ 1.3 billion on sales of $ 7.1 billion.

In addition, the board of directors approved a $ 5 billion share buyback plan designed to reduce the number of available shares in circulation and potentially make them more valuable.

Despite the competition gaining ground, Netflix is ​​in the best financial shape in history. It reached a milestone late last year when it said it would no longer try to borrow money to fund its content plan. Another way of looking at it: Netflix eventually became a really profitable company after more than 200 million subscribers were paying an average of $ 11 a month.

In other words, the competitors are still losing a lot of money streaming.

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Health

Moderna Begins Testing Its Covid Vaccine in Infants and Younger Kids

The pharmaceutical company Moderna has started a study testing its Covid vaccine in children under the age of 12, including babies as young as six months, the company said Tuesday.

The study is expected to enroll 6,750 healthy children in the United States and Canada. According to a spokeswoman, Colleen Hussey, Moderna declined to say how many had signed up or received their first recordings.

“There is a great demand for information about vaccination in children and how it works,” said Dr. David Wohl, the medical director of the University of North Carolina Vaccination Clinic, who is not involved in the study.

In a separate study, Moderna is testing its vaccine in 3,000 children ages 12-17 and could have results for that age group by summer. The vaccine would then have to be approved for use in children so that it would not be immediately available.

Many parents want protection for their children, and vaccinating children should help create the herd immunity that is believed to be critical to ending the pandemic. The American Academy of Pediatrics has called for vaccine studies to be expanded to include children.

Vaccine side effects like fever, sore arms, fatigue, and sore joints and muscles can be more intense in children than adults, and doctors say it’s important that parents know what to expect after their children are vaccinated.

Every child in Moderna’s study receives two recordings 28 days apart. The study will consist of two parts. In the first case, children aged 2 to under 12 can receive two doses of 50 or 100 micrograms each. People under the age of 2 may receive two exposures of 25, 50, or 100 micrograms.

Updated

March 21, 2021, 2:25 p.m. ET

In each group, the first children to be vaccinated are given the lowest doses and monitored for reactions before later participants are given higher doses.

Researchers then do an interim analysis to determine which dose is safest and most likely protective for each age group.

Children in Part 2 of the study receive the doses or placebo shots selected by the analysis, which consist of salt water.

Moderna developed its vaccine in collaboration with the National Institute for Allergies and Infectious Diseases. The company and the institute are working together with the Federal Agency for Biomedical Research and Development on the study.

The children will be followed for a year to look for side effects and measure antibody levels, which will allow researchers to determine whether the vaccine appears to offer protection. Antibody levels will be the main indicator, but researchers will also look for coronavirus infections with or without symptoms.

Dr. Wohl said the study was well designed and likely efficient, but asked why the children should only be observed for one year when adults in Moderna’s study were observed for two years. He also said he was a bit surprised that the vaccine was being tested in children so young so soon.

“Should we first learn what happens to the older children before we go to the really young children?” Asked Dr. Well. Most young children don’t get very sick from Covid, although some develop severe inflammatory syndrome that can be life-threatening.

Johnson & Johnson has also announced that it will test its coronavirus vaccine in babies and toddlers after first testing it in older children.

Pfizer-BioNTech is testing its vaccine in children ages 12-15 and plans to switch to younger groups. The product is already approved for use in the USA from the age of 16.

Last month, AstraZeneca began testing its vaccine in the UK in children 6 years and older.

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Business

EMA begins evaluation of Russia Sputnik V jab

A woman receives the second component of the Gam-COVID-Vac (Sputnik V) COVID-19 vaccine.

Valentin Sprinchak | TASS | Getty Images

LONDON – The European Medicines Agency has announced it will begin assessing the Russian coronavirus sting Sputnik V as the block seeks to speed up its vaccination program.

“The EMA will assess compliance with the usual EU standards for effectiveness, safety and quality by Sputnik V. While the EMA cannot predict the overall deadlines, the evaluation of a possible application should take less time than normal,” said the regulator in a statement on Thursday.

If the review is successful, the Russian vaccine would still need a regulatory filing before it is lit green for administration in the 27 Member States.

The news comes after some European countries indicated they could start giving Sputnik V by bypassing the regulator.

This is a breaking news item that will be updated.

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Health

OSCR begins buying and selling on NYSE

The New York Stock Exchange welcomes Oscar Health, Inc. (NYSE: OSCR) today, Wednesday, March 3, 2021, on the occasion of its initial public offering.

NYSE

Oscar Health shares fell 8% on Wednesday’s IPO on the New York Stock Exchange.

The stock traded at a price of $ 36 per share. Oscar had valued his stock at $ 39 apiece, which was above his target range of $ 36-38. At $ 36 per share, the company has a market capitalization of approximately $ 7.1 billion.

Oscar uses a mix of technology, partner partnerships, and member experience to clarify health insurance prices for patients and provide doctors with more flexible payment models. Joshua Kushner, the brother of the son-in-law of former President Donald Trump, Jared Kushner, CEO Mario Schlosser and Kevin Nazemi (no longer with the company) founded the New York-based company in 2012.

The company announced in its listing on the stock exchange that it has 529,000 members in 18 states. It competes against health giants like UnitedHealth and CVS Health’s Aetna, but previously told CNBC that its focus on customer service and technology can make it successful.

Oscar Health, Inc. co-founders Mario Schlosser and Josh Kushner ring The Opening Bell®.

NYSE

Oscar’s market debut comes amid strong interest in virtual health companies as Americans seek alternatives to more traditional inpatient care.

“In my view, Covid has more rapidly shifted the healthcare system to consumerization, virtual and risk-sharing with vendors and payers,” Schlosser told CNBC’s Squawk Alley ahead of the company’s first trade. “Oscar, we designed the company to be at the forefront of all three companies.”

Despite the Covid-19 pandemic that boosted the business of a number of healthcare companies, Oscar’s net loss soared from $ 261.2 million in 2019 to $ 406.8 million in 2020.

Investors include Peter Thiel’s start-up fund, the Google parent alphabet, Thrive Capital, Khosla Ventures, General Catalyst and Fidelity. Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo led the bid.

Oscar is a four-time CNBC Disruptor 50 company that was last ranked 12th in 2018. It is traded under the ticker OSCR.

Subscribe to CNBC on YouTube.

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Business

United Airways begins providing bus service straight to Colorado ski slopes from Denver

United Airlines passengers wait in the boarding area for their flights at Denver International Airport in Denver, Colorado.

Robert Alexander | Getty Images

United Airlines’ newest ski resorts will be accessible by bus.

The Chicago-based airline will be offering three daily bus connections from its hub at Denver International Airport to Breckenridge, Colorado, and four times daily to Fort Collins, starting March 11. Checked luggage – and skis – is transferred directly to the bus provided by the landline network, which departs from a gate at the airport. According to the fixed network, seating capacity will be limited due to the Covid-19 pandemic.

Travelers can book tickets direct to these destinations and transfer to Denver bus service after their flights.

Travelers “don’t just go to Denver,” said Ankit Gupta, United’s vice president of network and scheduling. “They actually want to ski and go to all of these tourist destinations.”

Denver was a relative bright spot for airlines during the pandemic, as there are plenty of outdoor activities that travelers can physically distance themselves from, though Gupta said the airline has been debating the bus connection for more than a year. United’s Denver service has recovered to about 80% of 2019 traffic, most of the airline’s hubs.

Gupta said the idea is to capture demand for travelers visiting areas within about 100 miles of Denver and remove the stress of driving from the airport.

“We thought it would be a great testbed market,” he told CNBC. “We think it’s a very low risk experiment.”

If successful, United could expand service to other outdoor destinations outside of Denver or to connections to the San Francisco and Newark hubs.

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Politics

CPAC Begins Tomorrow and Trump Is Nonetheless Heart of the Republican Universe

Rollins’ political action group emerged from Trump’s 2016 operation but made no commitment to support him in any future race. With the aim of uniting the party before halfway through 2022, Rollins said Trump would be wise to focus on allaying the concerns of moderate Republicans. But he added that this probably wasn’t the place for it.

“If he is to be and continue to be the leader of this party, he has to make peace with Republicans of all kinds,” Rollins said. “I think he’s going to step in front of this crowd, and no matter how carefully the scripts put him there, he’s basically going to do his own thing – as he has done many times in the past.”

There are some noticeable absences on the list of invited CPACs that reflect the current divide in the party. Senator Mitch McConnell, the Republican leader in the chamber who was open about his desire to leave Trump in the dust, was not invited. Mike Pence, whose tenure as vice president came to a violent end when he refused to support Trump’s eleventh hour takeover, leading Trump’s supporters to threaten Pence’s life when they stormed the Capitol, declined an invitation to speak. And Nikki Haley, once a rising force in the party, won’t be there either – after giving a withering interview to Politico in which she blew up Trump saying he had no future in GOP politics.

A poll published on Sunday by Suffolk University and USA Today found that three out of five voters who backed Trump last year said they would love to see him again next time. Only 29 percent said they shouldn’t try again.

If the socially moderate, business-oriented wing of the party and its increasingly labor-oriented base are to break up, the numbers so far speak for the base. According to the Suffolk / USA Today poll, voters who supported Trump last year said, 20 points ahead of them, that they showed more loyalty to him than the Republican Party.

46 percent said they would follow Trump to a new party if he broke away from the GOP. 27 percent said they hadn’t made up their minds yet.

(The poll sample included all respondents who said they would vote for Trump in a Suffolk poll sometime in 2020 and agreed to be called back after the election. Ninety percent of respondents said they did had actually cast a ballot for him in November.)

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World News

E.U.’s Mass Vaccination Marketing campaign Begins, With Nursing Houses as Focus

BERLIN – From nursing homes in France to hospitals in Poland, older Europeans and the workers who care for them rolled up their sleeves on Sunday to receive coronavirus vaccination shots as part of a campaign to protect more than 450 million people across the European Union.

The vaccinations offered a rare respite as the continent grappled with one of its most precarious moments since the coronavirus pandemic began.

Despite national bans, restrictions on movement, closings of restaurants and cancellations of Christmas gatherings, the virus has haunted Europe into the dark winter months. The spread of a more contagious variant of the virus in the UK has caused such an alarm that much of continental Europe closed its borders to travelers from the country, effectively quarantining the nation as a whole.

In Germany, a nursing home in eastern Saxony-Anhalt did not wait for the planned introduction of the vaccination campaign across the European Union on Sunday and vaccinated a 101-year-old woman and dozens of other residents and employees on Saturday. Hours after the cans arrived. People were also vaccinated in Hungary and Slovakia on Saturday.

Early Sunday, dozens of minivans carrying coolers filled with dry ice to keep the doses of the Pfizer BioNTech vaccine from rising above minus 70 degrees Celsius fanned out into nursing homes across the German capital as part of the vaccination wave. The rollout comes as Europe’s largest nation is facing its deadliest phase since the pandemic began.

With nearly 1,000 deaths per day in Germany in the week before Christmas, a crematorium in the Saxon state was in operation around the clock to keep up.

“I’ve never seen it so badly,” said Eveline Müller, the director of the facility in the city of Görlitz.

More than 350,000 people in the 27 countries of the European Union have died of Covid-19 since the first death was recorded in France on February 15. For many countries the worst days have come in recent weeks. In Poland, November was the deadliest month since the end of World War II.

While doctors have learned to better care for Covid-19 patients, effective medical treatment remains difficult to achieve. So the rapid development of vaccines is being celebrated not only as a remarkable scientific achievement, but also as a hope for a world that is off its axis.

However, the joy that greeted the news of successful vaccine candidates in November was tempered when its launch in the UK and United States highlighted the challenges ahead.

Vaccination campaigns in Russia and China use products that have not passed the same regulatory hurdles as the vaccines developed by Pfizer-BioNTech and Moderna that are currently being rolled out in the West.

Mexico became the first country in Latin America to start vaccinating its population on Friday. And regulators in India are expected to approve the use of a vaccine developed by AstraZeneca and Oxford University soon.

By the New Year, the greatest vaccination effort in human history is expected to be in full swing. However, supply bottlenecks, logistical hurdles, misinformation, public skepticism, and the scale of the effort make it an uphill battle against an ever-evolving virus.

While experts said there was no evidence that any known variant would affect the effectiveness of vaccines in individuals, they said more study was needed. And the higher the infection rate, the more urgent vaccination is.

The new variant is spreading in the UK with such ferocity that there is a growing debate over whether to give more people a single dose of the Pfizer BioNTech vaccine, which is about 50 percent effective at preventing disease, rather than one fewer people taking the two doses are required for levels of protection estimated at 95 percent.

Still, the launch of the vaccine was celebrated across Europe.

“Today we turn the page in a difficult year,” wrote the President of the European Commission, Ursula von der Leyen, on Twitter. “The vaccine # COVID19 was delivered to all EU countries.”

Updated

Apr. 27, 2020 at 1:48 am ET

The Greeks call their vaccination campaign “Operation Freedom”. As in much of Europe, there is great skepticism about coronavirus vaccines, and the slogan aims to influence indecisive people.

For Italians – whose suffering served as a warning to the world at the start of the pandemic and whose current death toll is again among the worst in Europe – a 29-year-old nurse stood up to take the first shot.

“It’s the beginning of the end,” said nurse Claudia Alivernini after she was vaccinated early that morning at Spallanzani Hospital in Rome.

“We health workers believe in science, we believe in this vaccine, it is important to be vaccinated for ourselves, for those around us, for our loved ones, the community and our patients,” she said.

The Italian Prime Minister Giuseppe Conte celebrated this moment.

“Today Italy is waking up again. It’s #VaccineDay, ”he wrote on Twitter. “This date will stay with us forever.”

For some countries, the first vaccinations offer a chance of some sort of reimbursement for errors made during the first wave of the pandemic.

In the spring, when the virus entered nursing homes in France, the crisis remained in the shadows until deaths reached levels that could no longer be ignored. There was therefore a symbolic response when the residents of nursing homes were selected to receive the first vaccinations in the country.

In Spain, where more than 16,000 people died in nursing homes in the first three months of the pandemic, the vaccination campaign should also begin in a nursing home in the city of Guadalajara.

European Union member states showed solidarity by waiting for the bloc’s regulator, the European Medical Association, to approve the vaccine before embarking on coordinated national campaigns. But how these will develop in individual countries is likely to vary.

All EU Member States have national health systems so people are vaccinated for free. But just as hospitals in poorer member states like Bulgaria and Romania have been overwhelmed by the recent virus wave, networks in these countries will face challenges in distributing vaccines.

While each nation determines how their campaign will be conducted, the first phase generally focuses on those most at risk of exposure and most likely to experience serious health problems – healthcare workers and the oldest citizens.

Most Member States have announced that the vaccine will reach the general public by spring and a return to a sense of normalcy could hardly come too soon.

France was among the first nations in Europe to introduce a second lockdown in October, and while it has started lifting the restrictions, the reopening has not come as quickly as many had hoped.

Museums, theaters, and cinemas, originally scheduled to reopen on December 15, will remain closed, and there is a curfew from 8 p.m. to 6 a.m. across the country. The lights in the trees along the Champs-Élysées in Paris still twinkle every night, but no vacation shoppers or tourists are there to bask in their glory.

Chairs stacked in empty bars, restaurants and cafes are a reminder of the absence in 2020.

Nathalie and Adrien Delgado, a Parisian couple in their fifties, said they would get vaccinated as soon as possible. “It’s an act of citizenship,” said Ms. Delgado, who celebrated Christmas with the couple’s two children in Paris instead of visiting their mother. “It’s not even for me, but it’s the only way to stop the virus.”

Others weren’t so sure.

Sandra Frutuoso, a 27-year-old housekeeper who had also canceled plans to visit her family in Portugal, said she feared the disease – her husband was infected and has since recovered – but will not be vaccinated for “long”.

“You did it too quickly,” she said. “I’m concerned that the side effects could be worse for someone my age than the Covid itself.”

Germans’ willingness to get vaccinated has also decreased in recent months, and the government hopes that adoption will increase with the introduction of the vaccines.

When asked last week how long it could be before life could return to normal, Ugur Sahin, co-founder of BioNTech, warned that despite immunization, the virus would persist for the rest of the decade.

“We need a new definition of” normal, “” he told reporters, though he added that with adequate vaccinations, lockdowns could end as early as next year.

“This year we won’t have any control over the number of infections,” said Sahin, “but we have to be sure that we have enough vaccines next year to make it normal.”

Melissa Eddy reported from Berlin and Marc Santora from London. The reporting was written by Aurelien Breeden from Paris, Niki Kitsantonis from London, Elisabetta Povoledo from Rome, Raphael Minder from Madrid and Monika Pronczuk from Brussels.

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ABNB begins buying and selling on the Nasdaq

The NASDAQ market page will display an AirBnb sign on their billboard on the day of their IPO in Times Square in the Manhattan neighborhood of New York City, New York, United States, on December 10, 2020.

Carlo Allegri | Reuters

Airbnb is set to double its share price by its IPO debut on Thursday at the latest in a wave of hotly anticipated tech IPOs in a year that has been tumultuous due to the pandemic.

The shares were priced at $ 68 on Wednesday and are expected to hit around $ 152.30 when the stock starts trading, according to early signs prior to initial trading. Airbnb is traded on the Nasdaq under the ticker “ABNB”.

The stock is expected to trade between 12:30 p.m. and 1:00 p.m. Eastern Time, a well-placed source CNBC’s Leslie Picker said. Speculation that it would join one of the major indexes in the next few years seems to be sparking interest, the source said.

The company is going public at a time when the sector was hit by reduced travel trends during the public health crisis. Revenue last quarter was down nearly 19% to $ 1.34 billion year over year. But it still managed to make a profit of $ 219 million, and there were other intermittently profitable quarters as well.

While travel was less, Airbnb managed to find a sweet spot for those willing to hit the road who prefer home stays over traditional hotels. That could change when vaccines make travel more accessible again, possibly as early as late next year.

Airbnb’s CEO Brian Chesky said in an interview with CNBC’s Deirdre Bosa on the Thursday ahead of its IPO that the platform is considering changing the way travelers want to plan their trips as remote working is an option for many.

“Now that people come to Airbnb, they don’t even necessarily have a destination or dates in mind because they’re flexible. We’re all obviously zoomed in, and that’s why people say, ‘I want to go anywhere 300 miles around me around, what can you show me? ‘”he said. “Now we’re going to dig a little more into the game of inspiration and tune people into the perfect home experience for them.”

Chesky also said he wasn’t too concerned about the rating.

“I don’t think I’ll be more concerned than I did in April and May when our business fell 80% in eight weeks in the middle of a pandemic,” he said.

Airbnb struggled with complaints from hosts on its platform at the beginning of the pandemic, when the company indulged guest cancellations, leaving hosts with no expected payments. A Texas-based host filed a class action lawsuit against the company last month alleging that Airbnb breached its contract with hosts by offering the refunds. Airbnb called the lawsuit “frivolous and without merit” in a statement at the time.

As part of its IPO, Airbnb set up a Host Endowment Fund made up of 9.2 million non-voting shares. Airbnb said in its IPO prospectus that the fund would benefit hosts through programs and grants.

“We want hosts to share in our success, not just for a moment, but as long as Airbnb exists in the world,” the company wrote. “We intend that the Host Endowment Fund will be a long-term investment in the future of our hosting community, built by hosts for hosts.”

Airbnb was listed eight times on CNBC’s annual Disruptor 50 list and ranks 41st in 2020 Disruptor 50 companies.

This story evolves. Check for updates again.

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