(Bloomberg) — Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus. The Taiwan Stock Exchange Weighted Index closed the Monday session 3% lower, having slid as much as 4.2%, as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. The benchmark gauge sank 8.4% last week on concern… Source link
Read More »India Deaths May Double; Seychelles Cases Surge: Virus Update
(Bloomberg) — Deaths from Covid-19 in India may double from current levels, new research suggests. Meanwhile, the country was criticized for a “lack of leadership” as its prime minister resists pressure to lock down. Indian cricket regulators suspended the Premier League after players tested positive. President Joe Biden set a new target of 70% of U.S. adults receiving at least one vaccine shot by July 4. Rural hospitals and clinics will get almost $1 billion to ramp up testing and… Source link
Read More »India Faces Crisis; U.K. Discourages Mourners: Virus Update
(Bloomberg) — The pandemic is on the wrong trajectory after six straight weeks of increased cases, according to a World Health Organization officer, who said “vaccines will not end the pandemic.” India is facing an escalating health crisis, with its second wave of infections hitting record highs. The U.K. urged mourners not to gather following the death of Prince Philip, Queen Elizabeth II’s husband, a sign of how longstanding traditions will have to be put aside due to the… Source link
Read More »Virus to stay with the world ‘forever’
Moderna CEO Stephane Bancel on Monday trumpeted new data showing his company’s vaccine remains effective in battling new coronavirus variants, even as he painted a long road ahead in the war against the pandemic. The biotech firm’s study showed what it called “protective” immune responses to both the variant first documented in the U.K. (B.1.1.7) and the variant seen in South Africa (B.1.351). Yet Bancel gave a stark assessment of the pandemic, saying there is good reason to expect a… Source link
Read More »‘The virus is winning’ amid early COVID-19 vaccine rollout stumbles
About 19.1 million coronavirus vaccine doses have been administered in the U.S. out of the nearly 40 million distributed as the new Biden administration ramps up inoculation efforts. Dr. Steven McDonald, a New York-based emergency medicine physician, described the current situation as a battle between the vaccine rollout and coronavirus continuing to spread throughout the population. “It’s difficult to say which of these forces is going to win out more quickly,” McDonald said on Yahoo… Source link
Read More »N.Y. Vaccine Shortage Eases; U.K. Pace in Question: Virus Update
(Bloomberg) — Governor Andrew Cuomo said more vaccines are on the way for New York, though he said the bigger challenge is getting skeptical Black and Latino residents to take the shot. Fatalities in the U.S. dropped below 4,000 for the first time in three days. A doctors’ group in the U.K. has urged the government to review the 12 weeks allowed for people to receive a second dose of the vaccine produced by Pfizer Inc. and BioNTech SE. The manufacturer suggests 21 days. Meanwhile,… Source link
Read More »Stocks rise after Trump signs virus relief package
TipRanks 3 Monster Growth Stocks That Can Charge Forward in 2021 With 2020 winding down, there’s a growing belief that 2021 is going to be a growth year for the stock markets. The US elections have returned a divided government, one unlikely to have the broad majorities – or the broad support – needed to enact wide-ranging reform legislation from either the right or left, and that bodes well for the economy generally.The COVID vaccines are entering distribution, and while new anti-virus… Source link
Read More »Stocks mixed, Nasdaq reaches record high after Congress approves virus relief package
Stocks were mixed Tuesday as investors weighed ongoing virus concerns against lawmakers’ approval of a long-awaited virus relief package, offering funds to help support many of the individuals and businesses hardest-hit by the coronavirus pandemic. The Dow fell more than 200 points, or 0.7%, and the S&P 500 also ticked lower. The Nasdaq rose 0.5% to a record closing high. A day earlier, the Dow had shed more than 400 points, or 1.4%, before recovering losses to end slightly higher during a… Source link
Read More »Stocks sink as concerns over new virus strain in UK, restrictions weigh
Stocks fell sharply Monday, tracking declines in European and Asian equities as concerns mounted over a new infectious strain of the coronavirus identified in the UK. The Dow shed more than 200 points, or 0.8%, while the S&P 500 dropped about 1% around market open. Stocks poised to benefit from an economic reopening – including airlines, cruise lines and lodging firms – fell Monday morning, unwinding some of the gains made over the past month amid rising vaccine optimism. The CBOE… Source link
Read More »US Supreme Court sides with religious groups on virus rules
National Review Spain’s Government Declares War on the Spanish Language It might seem like a headline from a satirical newspaper, but it is not: Spanish will no longer be the official language of the Spanish State or the lingua franca in education. It is part of the socialist-Communist government’s new education law. This war on the Spanish language is the ransom that socialist prime minister Pedro Sánchez has to pay the Catalan nationalists of ERC (a party that represents 3 percent of… Source link
Read More »