Digital greenback may push extra folks into bitcoin, fund supervisor says

A digital dollar won’t ruin Bitcoin, according to two cryptocurrency fund managers.

As central banks around the world consider digitizing their fiat currencies, the trend could actually drive more investors into crypto, Grayscale’s Michael Sonnenshein and Osprey Funds’ Greg King told CNBC this week.

“That will not displace market share or, if at all, compete with decentralized currencies like Bitcoin,” said Sonnenshein, CEO of Grayscale, in a Monday interview in CNBC’s “ETF Edge”.

“I think they are all trends towards the digitization of money and something that investors and the average person … who may not be in the investment market can also stare at,” said Sonnenshein.

Grayscale operates the largest Bitcoin-based fund in the world, the Grayscale Bitcoin Trust (GBTC), with over $ 24 billion in assets under management.

While bitcoin has yet to establish itself largely as a payment mechanism, its role as a store of value could only be strengthened with the introduction of government-backed digital currencies, said King, the founder and CEO of Osprey, another provider of bitcoin funds.

“Imagine that the world’s fiat currencies are digitized. I actually think that is pushing more people into something like bitcoin because it would, frankly, give governments even more control than they already have over their money supply. Concerns about this type of control, “he said in the same” ETF Edge “interview.

In addition to the Osprey Bitcoin Trust (OBTC), King’s company also operates the Osprey Algorand Trust, which is based on a technology that supports numerous digital currency projects at central banks.

With increasing global adoption, Bitcoin appears to have a strong year ahead of it, both CEOs said.

“I am more encouraged than ever before to see who participates in the ecosystem and to what extent they participate in the asset class,” said Sonnenshein. “What that ultimately means for the price remains to be seen, but I think the institutionalization of this asset class has arrived and will remain.”

King expected what he viewed to be the “bull market” in Bitcoin to continue.

“We think it will be higher,” said King. “I would say it breaks decisively up through 40,000, then it will go on. If it breaks down, we could get into trouble. I think it is bullish. But we take the medium to long-term view . ” Anyway, this is a good buying opportunity for me. “

Bitcoin was trading almost 2% higher on Friday.

Chewy, Biogen, Snowflake and extra

The signage can be seen ahead of Chewy’s initial public offering on the New York Stock Exchange on June 14, 2019.

Andrew Kelly | Reuters

Check out the companies that are making the headlines in midday trading.

Snowflake – The cloud computing company’s shares fell 3.3%. The company presented its financial targets at its Investor Day meeting on Thursday for annual product sales of $ 10 billion by 2029, compared to $ 554 million in the fiscal year that ended in January.

Vertex Pharmaceuticals – The pharmaceutical company’s shares fell about 11% after it announced Thursday it would stop developing an experimental drug after it was shown not to be effective against a rare genetic disease called AAT deficiency. Vertex said its drug increases the levels of deficient protein, but not enough to provide material improvements in health.

Chewy – The e-commerce pet company’s shares fell nearly 6%, despite making an adjusted 9 cents per share last quarter, compared to consensus predictions for a 3 cents per share loss. Chewy, which reported profits late Thursday, also saw sales estimates beat and gave an optimistic sales outlook. However, the company warned of labor shortages and supply chain disruptions.

Dave & Buster’s – Dave & Buster’s shares fell 2.7% after trading early. On Thursday, the company reported earnings of 40 cents per share for the first quarter, surprising analysts who were expecting a 16 cents per share loss. Dave & Buster’s also posted first-quarter revenue that exceeded Wall Street analysts’ expectations.

Biogen – Biotech stock fell 4.4% despite the stock upgrading to outperform Bernstein in the market. Three members of a key advisory board to the Food and Drug Administration resigned after the agency approved Biogen’s new Alzheimer’s drug. Biogen’s stock has still risen sharply since the drug was approved on Monday.

Zoom Video – The video messaging company’s shares rose 5.7% after RBC assumed coverage of Zoom was with an outperformance rating while the stock was named a top pick. “The future of work is likely to be hybrid and we believe Zoom will be a critical component in making that future possible,” the company wrote in a message to customers. RBC has a target price of $ 450 on the stock, which represents a rally of about 30% from Thursday’s close of trading.

Reddit Favorites – Stocks popular with retail investors who attend Reddit’s WallStreetBets forum have been volatile in midday trading after massive rallies in recent weeks. AMC Entertainment shares traded nearly 15.4% higher, while Clover Health Investments shares rose 4.8%, GameStop shares rose 5.8%, and Bed Bath & Beyond rose 1.2%. Meanwhile, ContextLogic’s shares were down 6.4% and Clean Energy Fuels was down 1.7%.

– CNBC’s Pippa Stevens, Yun Li, Maggie Fitzgerald, Jesse Pound and Tom Franck contributed to the coverage.

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new calls to analyze the origins of Covid

US President Joe Biden speaks at a meeting with a bipartisan group of Congressmen.

Swimming pool | Getty Images News | Getty Images

LONDON – According to a draft EU document, the European Union and the United States are expected to call for further progress in investigating the origins of Covid-19.

The draft document, which was viewed by CNBC, forms the basis for the outcome of an upcoming summit meeting between US President Joe Biden and European leaders due to be held on Tuesday. The wording can change until the end of the meeting.

European Council President Charles Michel, chairman of the European summits, said on Thursday: “The world has a right to know exactly what happened in order to learn from it.”

We need to know where it came from.

Ursula von der Leyen

President of the European Commission

At the same press conference on Thursday, the President of the European Commission, Ursula von der Leyen, said: “It is of the utmost importance that we learn about the origin of the coronavirus.”

“There is this terrible pandemic, a global pandemic that we need to know where it came from in order to learn the right lessons and develop the right tools to make sure this never happens again and therefore, investigators need full access. ” to all that it takes to truly find the source of this pandemic, “she added.

These statements follow Biden’s call last month to the World Health Organization to conduct a second phase of an investigation into the origins of the virus, which was first discovered in the Chinese city of Wuhan in late 2019.

A WHO report earlier this year said the most likely cause of the virus was natural and rejected a laboratory leak theory. But it suggested that more studies needed to be done.

US Intelligence said last month that it “does not know exactly where, when or how the Covid-19 virus was originally transmitted, but it has evolved around two likely scenarios: either it is naturally through human contact originated with infected animals or it was a “laboratory accident.”

The discussion about the origins of the coronavirus comes at a time when the US and EU also want to talk about their broader relations with China.

On the one hand, the US and the EU want to criticize what they call human rights violations in China; On the other hand, they want Beijing to be constructive in favor of climate policy and open up certain parts of its economy.

Biden hopes the EU will be a partner in dealing with China in the coming years.

“Biden believes that with a broad coalition you may be able to push China down a more constructive path. International pressure, not just from Washington, could prove useful on any of these issues,” said Jeremy Ghez, associate professor at The HEC Business School in Paris told CNBC last week.

The EU decided in March to put the ratification of an investment agreement with Beijing on hold – an agreement that was tabled back in December, just weeks before Biden’s inauguration.

This investment partnership is now frozen after a diplomatic dispute between Brussels and Beijing. In March, the EU decided to sanction China for its treatment of the Uyghur ethnic minority, and Beijing reciprocated by announcing counter-sanctions against members of the European Parliament.

The ethnic Uyghurs, who live primarily in western China, have been identified as an oppressed group by the United Nations, the United States, Britain, and others. China’s Foreign Ministry in March called such claims “malicious lies” aimed at “defaming China” and “thwarting China’s development.”

Polo G’s Mom, Stacia Mac Calls Out The Miami Police Division After She Says They Pulled Over Polo & His Youthful Brother After His Album Launch Get together

Polo G's mother Stacia Mac is calling out Miami Police Department after she says they stopped him and his brother 20 cars deep.

Polo G just released his latest album “Hall of Fame,” and the celebration for the project quickly turned into a scene of multiple police cars outside of the venue. Polo’s mother and manager Stacia Mac was on hand for it all, and she was not having it when it came to the safety of her children.

Stacia Mac took to Instagram Live to call out the Miami Police Department after she said they pulled over her sons, Polo G and T-Baby. She said, “We’re in Miami and we just left Polo’s release party. My kids call me in a frenzy saying the police are all behind them 20 cars deep and this is not an exaggeration. What is ridiculous is the fact that a young black man could celebrate his success and be looked at as a mutha f*ckin n**ga. Then when I go and ask them where is my minor son, who’s 16-years-old. They refuse to let me speak to my minor son.”

She proceeded to turn her camera around to show the number of police vehicles that covered the block.

Stacia continued to explain that they were heading to Polo’s after party when the police stopped them. She also mentioned that they were riding in a licensed car with security, and was not even behind the wheel when they were stopped.

“I am not having it. My children will not be a casualty. I have raised my children right, they are respectful people and we are celebrating a success, and this is how it ends? Not on my watch,” she added.

We’ll continue to keep you updated on this matter.

 

 

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TSR STAFF: Jade Ashley @Jade_Ashley94

Virgin Orbit in talks with SPAC over a $ three billion deal to go public

Richard Branson’s Virgin Orbit takes off on a rocket under the wings of a modified Boeing 747 jetliner for a major drop test of its high-altitude launch system for satellites from Mojave, Calif., July 10, 2019.

Mike Blake | Reuters

Virgin Orbit, the satellite launch spin-off from Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public via a SPAC led by a former Goldman Sachs partner valued at approximately $ 3 billion , confirmed CNBC on Saturday.

The company is in talks about a deal with NextGen Acquisition II, a person familiar with the discussions told CNBC. NextGen II is a special-purpose acquisition company led by George Mattson, who previously co-directed Goldman’s global industrial group.

Sky News first covered the talks on Saturday and said a deal will be announced in the coming weeks. Virgin Orbit declined CNBC’s request for comment.

The company is a spin-off from Branson’s space tourism company Virgin Galactic. Virgin Orbit is privately owned by Branson’s multinational conglomerate Virgin Group, with a minority stake in Abu Dhabi sovereign wealth fund Mubadala.

The company’s first demonstration launch in May 2020.

Greg Robinson | Jungfrau Railway Or

Virgin Orbit uses a modified Boeing 747 aircraft to launch its missiles, a method known as air launch. Rather than launching missiles from the ground like competitors like Rocket Lab or Astra do, the company’s planes carry its LauncherOne missiles up to an altitude of around 45,000 feet and drop them just before they fire the engine and accelerate into space – a method that the company is promoting more flexibly than a ground-based system.

LauncherOne is designed to carry small satellites weighing up to 500 kilograms, or around 1,100 pounds, into space. Virgin Orbit completed its first successful launch in January and plans to have its second later this month.

Next Gen II raised $ 375 million when it completed its IPO in October. The funds would primarily be used to help Virgin Orbit scale its business. Virgin Orbit CEO Dan Hart told CNBC in October that the company plans to raise approximately $ 150 million in fresh capital.

Branson brought Virgin Galactic to the public in 2019 through a SPAC deal with billionaire investor Chamath Palihapitiya.

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DOJ watchdog will probe reported Trump-era subpoenas of Apple for Democrats’ information

U.S. House Intelligence Committee Chairman Rep. Adam Schiff (D-CA) speaks to members of the media outside a closed session before the House Intelligence, Foreign Affairs and Oversight committees at the U.S. Capitol on October 28, 2019 in Washington, DC. Also pictured are (L-R) Rep. Carolyn Maloney (D-NY), Rep. Jamie Raskin (D-MD) and Rep. Eric Swalwell (D-CA).

Mark Wilson | Getty Images

The Department of Justice’s internal watchdog office will investigate after a bombshell report alleged that the Trump administration had secretly subpoenaed Apple for House Democrats’ data, the office said Friday.

The probe will review the “use of subpoenas and other legal authorities to obtain communication records” belonging to members of Congress, their associates and the news media “in connection with recent investigations of alleged unauthorized disclosures of information to the media by government officials,” Inspector General Michael Horowitz announced in a statement.

The move follows a growing chorus of Democratic lawmakers, including the two whose records were reportedly subpoenaed, demanding that the Justice Department’s inspector general launch a probe into the Trump-era conduct.

CNBC Politics

Read more of CNBC’s politics coverage:

The New York Times reported Thursday evening that Trump’s Justice Department in 2017 and early 2018 seized records from at least a dozen people linked to the House intelligence panel, including House Intelligence Chairman Adam Schiff, D-Calif., and committee member Eric Swalwell, D-Calif.

The agency reportedly also obtained data from the accounts of aides and family members, one of whom was a child.

Prosecutors in the DOJ, then helmed by Attorney General Jeff Sessions, were searching for the sources of damaging news reports about contacts between Trump associates and Russia, the report said.

As Trump’s prosecutors probed the source of the leaks, they reportedly looked into the House Intelligence Committee, whose members have access to sensitive documents.

The investigation did not link the House committee to the leaks — but Sessions’ replacement, William Barr, kept the investigation going, the Times reported.

U.S. President Donald Trump, left, speaks to William Barr, U.S. attorney general, during the 38th annual National Peace Officers Memorial Day service at the U.S. Capitol in Washington, D.C., May 15, 2019.

Kevin Dietsch | Bloomberg | Getty Images

Apple was kept silent by a gag order that expired this year, according to a spokesperson for the company, who confirmed the subpoena in a statement to CNBC Friday evening.

“It would have been virtually impossible for Apple to understand the intent of the desired information without digging through users’ accounts,” Apple spokesperson Fred Sainz said. “Consistent with the request, Apple limited the information it provided to account subscriber information and did not provide any content such as emails or pictures.”

Microsoft on Friday similarly confirmed a 2017 subpoena and gag order relating to a personal email account.

“As soon as the gag order expired, we notified the customer who told us they were a congressional staffer. We then provided a briefing to the representative’s staff following that notice,” a Microsoft spokesperson told CNBC in a statement.

Deputy Attorney General Lisa Monaco referred the matter to the Justice Department’s Office of Inspector General, an agency official told CNBC earlier Friday.

Schiff in a statement applauded the move as “an important first step.” But the watchdog’s investigation “will not obviate the need for other forms of oversight and accountability – including public oversight by Congress – and the Department must cooperate in that effort as well,” Schiff said.

Monaco, the No. 2 official in the Justice Department, was confirmed by the Senate in April. Horowitz has served as inspector general since 2012.

Horowitz’s statement Friday said his probe “will examine the Department’s compliance with applicable DOJ policies and procedures, and whether any such uses, or the investigations, were based upon improper considerations.

“If circumstances warrant, the OIG will consider other issues that may arise during the review,” he said, adding, “The review will not substitute the OIG’s judgment for the legal and investigative judgments made in the matters under OIG review.”

The Times’ article came weeks after reports that the Trump administration had secretly obtained records from journalists at multiple news outlets.

Schiff on Thursday night demanded an investigation into the Trump DOJ’s actions on “this and other cases that suggest the weaponization of law enforcement by a corrupt president.”

Trump “tried to use the Department as a cudgel against his political opponents and members of the media,” Schiff said in a statement. “It is increasingly apparent that those demands did not fall on deaf ears.”

Swalwell in his own statement said Apple informed him last month that his records had been turned over to the Trump administration “as part of a politically motivated investigation into his perceived enemies.”

“Like many of the world’s most despicable dictators, former President Trump showed an utter disdain for our democracy and the rule of law,” Swalwell said. “This kind of conduct is unacceptable, but unfortunately on brand for a president who has repeatedly shown he would cast aside our Constitution for his own personal gain.”

Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Judiciary Committee Chairman Dick Durbin, D-Ill., added Friday that Congress must seek testimony from Sessions and Barr.

“The revelation that the Trump Justice Department secretly subpoenaed metadata of House Intelligence Committee Members and staff and their families, including a minor, is shocking,” Schumer and Durbin said in a joint statement Friday.

“This is a gross abuse of power and an assault on the separation of powers. This appalling politicization of the Department of Justice by Donald Trump and his sycophants must be investigated immediately by both the DOJ Inspector General and Congress,” the Senate leaders said.

“Former Attorneys General Barr and Sessions and other officials who were involved must testify before the Senate Judiciary Committee under oath. If they refuse, they are subject to being subpoenaed and compelled to testify under oath,” Schumer and Durbin said.

Senate Finance Committee Chair Ron Wyden, D-Ore., also joined the calls for a full investigation, and said he plans to introduce legislation to increase transparency and reform the “abuse of gag orders.”

“The current Justice Department needs to act with much greater urgency both to reveal abuses and ensure full accountability for those responsible,” Wyden said.

Read the full report from The New York Times.

—CNBC’s Sara Salinas contributed to this report.

Jeff Bezos’ Blue Origin is auctioning an area airport for $ 28 million

A New Shepard missile takes off on a test flight.

Blue origin

Jeff Bezos’ space company Blue Origin auctioned a seat for its upcoming first manned spaceflight for $ 28 million on Saturday.

The successful bidder, whose name has not been published, will fly to the edge of space with the Amazon founder and his brother Mark on Blue Origin’s New Shepard rocket, which is due to launch on July 20th. The company said it would announce the auction winner’s name in the coming weeks.

The bidding started at $ 4.8 million but exceeded $ 20 million in the first few minutes of the auction. The proceeds from the auction will be donated to Blue Origin’s education-focused nonprofit Club for the Future, which supports children interested in future STEM careers.

Ariane Cornell, director of astronaut and orbital sales at Blue Origin, said during the auction webcast that New Shepard’s first passenger flight will carry four people, including Bezos, his brother, the auction winner and a fourth person who will be announced later .

Autonomous space travel

New Shepard, a rocket that lifts a capsule to over 340,000 feet, has flown more than a dozen successful passenger-free test flights, including one in April at the company’s facility in the Texas desert. It is designed for up to six people and flies autonomously – without the need for a pilot. The capsule has massive windows to allow passengers to view Earth for about three minutes in weightlessness before returning to Earth.

Blue Origin’s system launches vertically and both the rocket and capsule are reusable. The boosters land vertically on a concrete slab at the company’s facility in Van Horn, Texas, while the capsules land with a set of parachutes.

The inside of the newest New Shepard capsule

Blue origin

Bezos founded Blue Origin in 2000 and still owns the company by funding it through stock sales of his Amazon shares.

July 20th is notable because it also marks the 52nd anniversary of the Apollo 11 moon landing.

Branson and Musk

VSS Unity ignites its rocket engine shortly after take-off for its third space flight on May 22, 2021.

Virgo galactic

Bezos and his billionaires Elon Musk and Sir Richard Branson are in a space race, but each in different ways. Bezos’ Blue Origin and Branson’s Virgin Galactic compete to take passengers to the edge of space on short flights, a sector known as suborbital tourism, while Musk’s SpaceX takes private passengers to orbital tourism on additional multi-day flights.

Both Blue Origin and Virgin Galactic developed rocket-powered starships, but that’s where the similarities end. As Blue Origin’s New Shepard rocket launches vertically from the ground, Virgin Galactic’s SpaceShipTwo system is deployed in the air and returns to Earth like an airplane for a runway landing.

Virgin Galactic’s system is also flown by two pilots, while Blue Origin’s system takes off without one. Branson’s company has also flown a test space flight with a passenger aboard, though the company still has three space tests before it can begin with commercial clients – which is slated to begin in 2022.

SpaceX launches its Crew Dragon spacecraft to orbit its reusable Falcon 9 rocket after sending 10 astronauts on three missions to the International Space Station to date.

In addition to government flights, Musk’s company plans to launch several private astronaut missions in the coming year – starting with the civilian Inspiration4 mission slated for September. SpaceX is also launching at least four private missions for Axiom Space early next year.

Blue Origin’s auction raised $ 28 million, but a seat on a suborbital spaceship is usually much cheaper. Virgin Galactic has historically sold reservations between $ 200,000 and $ 250,000 per ticket and recently charged the Italian Air Force about $ 500,000 per ticket for a training room flight.

Musk’s orbital missions are more expensive than suborbital flights, with NASA SpaceX paying about $ 55 million per seat for space flights to the ISS.

SpaceX’s Crew Dragon, named “Resilience”, is docked at the International Space Station.

NASA

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Ellen Pompeo has a Mini Gray’s Anatomy Reunion

Way, but don’t forget! Ellen Pompeo still hanging out with two of Gray Sloan’s Memorial Hospital’s favorite doctors.

On June 11th, the Grey’s Anatomy star headed to her Instagram story to share a video of her new dinner companions. Eric Dane and Justin Chambers. In the video, Eric and Ellen pose for a photo when Justin – who wears a blonde hairstyle these days – appears behind them and pretends to be their waiter. “What do you want for dinner?” he asks while Ellen laughs.

As fans will remember, Eric portrayed Dr. Mark Sloan in Grey’s Anatomy, before the so-called “McSteamy” died in a tragic plane crash in the ninth season of 2012 Chyler Leighis Lexie Gray.

While Grey’s Anatomy is notorious for killing many of its medical professionals, Justin’s time on the show ended perhaps even more heartbreakingly in 2020. His character, Dr. Alex Karev, left Seattle and his wife Jo (Camilla Luddington) to meet his former wife Dr. Izzie Stevens (Katherine Heigl) and the twins he didn’t know he had. All Jo got was a letter, and all fans only got one voice-over performance from Justin on his final episode. (But we’re not bitter or anything!)

Automobile insurance coverage charges are rising, however insurers are adjusting to larger prices

A used car dealer employee steps into the water as he inspects vehicles after two days of heavy rain in Lexington, Miss., Thursday, Jan.

Rogelio V. Solis | AP

Despite the recent hikes in auto insurance rates, the market is still weak, according to Elyse Greenspan, a director at Wells Fargo.

“The increase has been very modest sequentially,” Greenspan said in an interview. “The reason for the strong increase over the previous year is that the premium base was affected by all refunds in May 2020.”

As the number of motorists fell, auto insurers reimbursed $ 14 billion in premiums last year, according to the Insurance Information Institute. Interest rates continued to stagnate or even fell in the first quarter.

However, the latest consumer price index data showed that the auto insurance index was up 16.9% in May, after rising 6.4% in April – the first rises since March 2020.

Auto insurers face a number of challenges as the economy re-opens. Workers are returning to the offices and vaccinations are causing many people to take summer vacation. Government data from March, the most recent statistics available, show a 19% increase.

The result of people returning to pre-Covid driving levels means the number of car accidents, according to Michel Leonard, III. Vice President, will rise.

If this year’s trend follows last year, the accidents can also be more severe. Although driving hours fell 13% last year, the death toll rose 7%, according to the National Highway Transportation Safety Administration. Experts blame the increase on a higher incidence of speeding, impaired driving and distracted driving.

In addition, says Leonard, many drivers are out of practice, especially when parking or navigating through traffic.

More accidents mean more damage – and this damage is expected to become more expensive for insurers as repair costs rise.

The CPI data shows car repair profits month after month. The increase of 2.8% in May was somewhat slower than in the previous months. (Repair costs increased by 3.5% in April and March, by 3.1% in February and by 3.5% in January.) And waiting times are longer due to the lack of chips, interruptions in the supply chain and labor shortages.

However, not all insurers raise their tariffs. In a Wells Fargo review, Greenspan said Hartford and Allstate raised rates in May, but Travelers, Progressive and State Farm saw prices decline. Geico raised prices in April but didn’t file price changes for May, he said.

“It’s still a good environment for consumers to get auto insurance,” said Greenspan.

She believes the environment for auto insurers will remain difficult until the fall, as commuters return to work, students return to school and people who used public transport before the pandemic choose to drive themselves.

“There’s just a lot of headwinds from a severity and frequency standpoint,” she said.

High FDA Adviser Says Kids Should Be Vaccinated In opposition to Covid

U.S. Senator Bob Casey, right, watches as Dr. Paul Offit speaks during a press conference in Philadelphia on Friday, Feb. 13, 2015.

Matt Rourke | AP

Children need to be vaccinated against Covid-19, a top advisor to the Food and Drug Administration’s childhood vaccines told the agency on Thursday.

“It just seems silly to think that we don’t need to involve children,” said Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia and advisor to the FDA. “They can suffer and be hospitalized and occasionally die.”

He said 300 children had died of Covid so far.

Offit, a voting member of the Agency’s Vaccines and Related Biological Products Advisory Committee, spoke about the use of Covid-19 vaccines in children 6 months of age during the panel’s meeting.

“We have variants that are becoming more contagious, which means you need higher population immunity … for years, if not decades,” Offit said. He also said that we vaccinate children against polio every year, although we haven’t had a polio case since the 1970s.

Data from the American Academy of Pediatrics shows that nearly 4 million children have tested positive for Covid since the pandemic began. In the past week, the data said more than 16,000 new cases in children were reported, the lowest since June 2020. In states reported, less than 1% of all Covid cases in children resulted in death, the AAP wrote their website.

“I think in winter we will really see how well we do on population immunity,” Offit said. “I think the idea that we will no longer have to vaccinate children in the future is wrong.”