New Covid variants will “hit us fairly exhausting,” says Dr. Peter Hotez

Dr. Peter Hotez, co-director of the Center for Vaccine Development at Texas Children’s Hospital, says the US is “facing a tough journey” as new variants of Covid spread across the country.

“Because they are more transmissible, it means more Americans will be infected. Although the number of new cases has decreased slightly … the expectation now is that it will rise again because of these new variants.” “Hotez said in an interview on Thursday evening of” The News with Shepard Smith. “” More people will become infected, overwhelm hospital systems again, and possibly the death rate will rise, both from a combination of more new cases in general and one. ” slightly higher mortality rate, solely due to the variant by the type of variant. “

Health officials in South Carolina have confirmed two cases of the dangerous, highly communicable South African tribe of Covid. Officials said the cases appear unrelated and unrelated to a recent trip. Dr. Zeke Emanuel, a member of President Joe Biden’s Covid Advisory Board, said that is why the South African exposure is so worrying.

“This is worrying because these two people have no evidence of travel, and it means that the South African variant, which is more worrying than even the British variant, is about and in the community,” said Emanuel.

Hotez told host Shep Smith that the new strains were even more problematic because “we weren’t looking”.

“We’ve done so poorly on genome sequencing that we’re picking up these British, South African, and Brazilian variants. So we know they’re in South Carolina, but they could be elsewhere,” said the dean of the National School of Tropical Medicine on Baylor College of Medicine.

The Centers for Disease Control and Prevention warned that the British variant, also known as B117, could dominate the US by spring. Hotez said the key to protecting the population is to vaccinate people faster.

“The bottom line is that we need to find a way to vaccinate the American people faster than current projections,” Hotez said. “First, to reduce hospital stays and deaths, but also to stay one step ahead of these variants. If we can vaccinate three-quarters of the American population, we could potentially interrupt transmission and prevent some of these new variants from becoming dominant.”

How Covid-19 Vaccines Can Have an effect on China and India’s World Impression

A beneficiary will be vaccinated by medical staff on January 16, 2021 in Pune, India, during a vaccination campaign against Covid-19 across India at Aundh District Hospital.

Pratham Gokhale | Hindustan Times | Getty Images

SINGAPORE – With the mass vaccination campaigns against Covid-19 going on around the world, a gap is emerging between rich and poor nations in their ability to secure enough shots to immunize their populations.

Wealthy nations have been accused of hoarding vaccines, mostly from Pfizer-BioNTech and Moderna. This has given India, China and, to some extent, Russia room to develop, manufacture and supply vaccines for developing countries. Experts say these efforts can potentially strengthen these countries’ influence and deepen their relationships with other nations.

It enables them to play a leadership role “that serves their foreign policy goals but serves their … commercial interest in increasing the market share of their vaccines,” said Yanzhong Huang, senior fellow on global health at the Foreign Relations Council CNBC by phone.

“In the meantime, it is also helping to alleviate the huge disparities in vaccine access between rich and poor nations,” he added.

The world is facing catastrophic moral failure – and the price for that failure is paid for with lives and livelihoods in the world’s poorest countries.

Tedros Adhanom Ghebreyesus

Director General of the World Health Organization

World Health Organization director-general Tedros Adhanom Ghebreyesus said last week that drug makers are prioritizing approval in rich countries where profits are highest, rather than submitting full dossiers to a WHO-backed global vaccine distribution initiative to advance.

“The world is facing catastrophic moral failure – and the price for that failure is paid for with living and livelihood in the world’s poorest countries,” said Tedros.

“Political Benevolence and Influence”

According to media reports, India has already sent 1 million Covid-19 vaccine doses to Nepal, 2 million to Bangladesh, 150,000 to Bhutan, 100,000 to Maldives and 1.5 million to Myanmar. It also sent 2 million cans to Brazil.

India has approved two emergency vaccines – one from AstraZeneca and Oxford University, made locally by the Serum Institute of India, and the other, called Covaxin, which was developed domestically.

According to Akhil Bery, South Asia political risk analyst at Eurasia Group, vaccination diplomacy can be an effective use of soft power that can help New Delhi make friends and generate goodwill.

India aims to improve its credentials as a responsible global stakeholder, while China aims to improve its reputation, which was tarnished in the early stages of the Covid-19 pandemic.

Hard pants

Observer Research Foundation

“India’s generosity towards its neighbors can help improve relations, be it with Bangladesh (which has been tense due to the change of citizenship law) or Sri Lanka, where the Rajapaksas are known to have a pro-Chinese tendency,” Bery said CNBC via email. The Rajapaksas are a prominent political family in Sri Lanka – both the country’s President and Prime Minister are part of the family.

“While the doses are not that high, it is still significant enough to ease the pressure on health systems and allow resources to be allocated elsewhere,” added Bery.

With the virus largely under control at home, China’s strategy is to reach agreements with emerging economies to conduct clinical trials for a vaccine developed by Chinese company Sinovac and to help build vaccine production facilities in some of those countries. Beijing also gives priority access to its vaccines in countries such as Southeast Asia, which are of strategic importance to China. Elsewhere, the country is offering loans to finance vaccine procurement.

Eurasia Group’s China researcher Allison Sherlock told CNBC that the benefits for China are in strengthening economic and political ties within its existing sphere of influence in regions such as Southeast Asia. There, Beijing “particularly hopes that the vaccine will help repair relationships strained by tensions across the South China Sea, including Indonesia, the Philippines and Vietnam.”

“India wants to improve its credentials as a responsible global stakeholder while China wants to improve its reputation, which was tarnished in the early stages of the Covid-19 pandemic,” said Harsh Pant, director of strategic studies program at the Observer Research Foundation in New -Delhi.

“Both would hope that their reach would also give them political goodwill and influence,” he told CNBC via email.

The coronavirus was first reported in the Chinese city of Wuhan in 2019, and Beijing has been criticized for its early handling of the pandemic.

Domestic considerations

Given the nature of Sino-India relations, experts said it was inevitable that New Delhi and Beijing’s efforts to provide vaccines to other countries would be viewed from a competitive perspective. Both India and China have downplayed the notion of vaccine diplomacy, describing the shocks as a necessary public good to combat the global pandemic.

India, which launched its domestic vaccination campaign this month, does not produce or use Covid vaccines as a kind of diplomacy, former Indian Ambassador Rajiv Bhatia told CNBC. “It’s a national effort first,” he said.

“Vaccines are primarily intended to help the people of the country, but India has not forgotten its global responsibility,” said Bhatia. He stated that India’s efforts would help build the international reputation of the country’s scientists and products. The shots “will have positive effects beyond isolating people from the disease. They will increase national pride and confidence.”

Chinese Foreign Ministry spokesman Zhao Lijian responded Monday to questions about India’s plans to send vaccines to its neighbors, saying, “This problem cannot accommodate vicious competition, let alone what is known as” rivalry. “We hope and welcome that more doses of safer and more effective vaccines are being made faster by more countries. “

Beijing has stepped up efforts domestically to immunize key populations before next month’s New Year celebrations, when many are expected to travel across the country. Reuters reported that China has approved three emergency vaccines, but only one for the general public, while a fourth is used by the military.

Chinese healthcare workers and volunteers wear protective clothing when registering people to be given a Covid-19 vaccination sting at a mass vaccination center for the Chaoyang District in Beijing, China, Jan. 15, 2021.

Kevin Frayer | Getty Images News | Getty Images

CFR’s Huang said he sensed a shift in China’s strategy, with Beijing starting to prioritize domestic needs but continuing to deliver on promises. He explained that China is likely to rely more on countries that have signed partnership agreements to manufacture its vaccines and use them to aid other nations. China could also “provide financial support so (other countries) can buy vaccines from other sources,” Huang added.

Challenges

One of the challenges that locally developed vaccines are facing in India and China is their effectiveness in fighting the disease.

India’s Covaxin is still in clinical trials. At the time it received an emergency clearance from the Medicines Agency, it did not have extensive data from Phase 3 studies to determine its effectiveness or safety. The hasty move has been criticized by scientists.

In clinical studies in Brazil, Sinovac’s CoronaVac was found to be only 50.4% effective, but has produced mixed results elsewhere, leading to concerns and criticism of data transparency.

“When you have a vaccine that is only 50% effective, you can argue that more people need to be vaccinated to achieve herd immunity,” said CFR’s Huang.

He added that India and China, both of which have large populations, have to grapple with meeting domestic needs while maintaining international commitments and demand.

“This will further complicate the problem of their leadership efforts by narrowing the vaccine access gap,” he said.

Bery of the Eurasia Group said one advantage of India is that the Serum Institute is one of the world’s largest vaccine manufacturers and that the country supplies more than 50% of the world’s vaccines.

“It will take time, but as we’ve seen from South Africa and Brazil, countries are lining up to get access to Indian-made vaccines,” he said.

However, Bery said China has its own advantage – unlike its South Asian rival, it got the pandemic under control much faster, allowing the Chinese economy to recover faster.

“This allowed him to step up international policies while other countries like India remained distracted from the pandemic,” Bery said.

Pioneering Hollywood icon Cicely Tyson lifeless at 96

Cicely Tyson, the Emmy and Tony Award winning actress, has died. She was 96 years old.

E! News received a statement from her manager Larry Thompson His statement read: “I have managed Miss Tyson’s career for over 40 years and each year has been a privilege and a blessing.” Thompson added, “Cicely envisioned her new memory as a Christmas tree adorned with all the ornaments of her personal and professional life. Today she put the last ornament, a star, on the tree.”

On Tuesday, January 26th, she published her memoir Just As I Am.

Tyson won an Emmy Award for Best Actress in a Drama in 1974 for the autobiography of Miss Jane Pittman and has since received more than a dozen Emmy nominations, including five for her guest appearance on ABC’s How to Get Away with Murder Viola Davis.

She made history as a black actress in the entertainment industry. After she was nominated for leading actress in a drama series Emmy in 1995 for NBC’s Sweet Justice, it was almost two decades before another black actress was nominated in that category. Kerry Washington had the honor in 2013.

In accordance with Robinhood’s CEO, GameStop purchases are restricted to “defend the corporate and our clients”.

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

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

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

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

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

In the midst of a wild week of speculative retailing, Robinhood restricted trading in thirteen stocks, including GameStop and AMC Entertainment, on Thursday. The pioneer of free stock trading only allowed clients to sell positions in certain securities, not to open new ones, increased margin requirements and even said that it would automatically close some positions if the client ran the risk of not having the required collateral feature.

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

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

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

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

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

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

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Altria mentioned cigarette business shipments flattened in 2020

Marlboro cigarettes, a product of Philip Morris International

Daniel Acker | Bloomberg | Getty Images

After years of accelerating smoking decline, tobacco giant Altria announced a trend reversal as U.S. cigarette volumes remained unchanged year over year across the industry.

However, the company declined to predict how things would play out in 2021, as it is unclear whether the factors that contributed to this trend would continue.

The pandemic brought more people into their homes, giving smokers more opportunities to take a break from their hectic days and glow more often, especially given the overall higher levels of stress and anxiety due to the economy and health crisis. Employees who worked from home were no longer in a smoke-free office, and consumers generally had more disposable income from restrictions on other forms of entertainment such as restaurants and bars, movie theaters, and travel.

The trend was more pronounced in Altria’s own store. The Marlboro maker’s total cigarette shipping volume declined 0.4% from 2019 and rose 3.1% in the fourth quarter. For comparison: Altria’s cigarette volume decreased by 7.3% from 2018 to 2019.

Altria said it is paying close attention to trends that could affect future cigarette sales.

“Looking ahead, we expect the volume trends in the cigarette industry in 2021 to be driven most by home smoker practices, unemployment rates, tax incentives, cross-category movements, timing and breadth of COVID-19 use – Vaccines and consumer purchasing behavior following vaccine will be affected, “Altria said on a conference call on revenue.

With the expected decline in smoking, Altria has invested in alternatives to cigarettes such as the heated tobacco product iQos and nicotine pouches.

Altria shares closed Thursday at $ 42.65, up 1.98%. The stock is down nearly 15% over the past year for a market value of $ 79.26 billion.

For the fourth quarter, the company reported net income of $ 1.92 billion, or $ 1.03 per share, compared to a loss of $ 1.81 billion a year ago. Excluding items, Altria earned 99 cents per share, which was below analyst estimates. Revenue was better than expected, increasing to $ 6.3 billion from $ 6 billion a year ago.

For 2021, after adjustments, the company expects earnings of $ 4.49 to $ 4.62 per share.

Lil Child is reportedly planning to open a restaurant in Atlanta

Roommate, last year was definitely a good year for Lil Baby! His album “My Turn” was named the best-selling US album of 2020. He gave back to the community by donating the proceeds to one of his biggest records, “The Bigger Picture,” and it looks like Baby is planning to have an album even better in 2021. In an interview with XXL it was recently announced that Baby is planning to open a restaurant in Atlanta!

During an interview on Zoom, Baby revealed details about the restaurant after being asked what other industries he would like to do outside of music. “I have a new restaurant and I will be opening it in Atlanta,” he told XXL. “It should be open until January, but we had to finish the stages, so maybe February or March.”

Baby also said the restaurant would have a lounge feel and be located in downtown Atlanta. Atlanta is known for having some of the best soul food, so it’s no surprise that Baby’s Restaurant serves up some Mediterranean comfort fare and libations. He explained the menu would be “Lamb chops, lobster tails, rice, things like that.” He continued, “A little music, alcohol. Such things.”

If Baby joins Atlanta’s restaurant scene, he won’t be alone. 2 Chainz has two Escobar Restaurant & Tappas restaurants in Atlanta and Morrow, Georgia, in Clayton County. Kandi Burruss-Tucker has several restaurants in Atlanta, including Old Lady Gang and Blaze Steak and Seafood.

It is unclear what baby plans to name his restaurant. However, with its fame, I’m sure it will most likely be full. Also, Atlanta is the perfect place as it ranks number four as the number four best place to visit Georgia according to the News & World Report.

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GameStop’s volatility could be the start

Trading with GameStop has reached feverish levels and is showing little sign of a break.

Despite falling in price during Thursday’s session after multiple brokers restricted buying and selling, the stock is up 500% in a week.

This may just be the beginning of a new wave for Wall Street.

“People say ‘Screw Wall Street,'” said Alex Imas, a behavioral economist at the Booth School of Business at the University of Chicago.

Imas said we could see a big shift in the power of social media networks when it comes to affecting tradable assets.

“What we saw from this episode with GameStop is that networks like Reddit have the ability to move a stock faster and farther and keep it elevated for longer than anticipated, and the coordination on these platforms enables that.”

Investors have gotten used to a system where the stock market provides a place where people can receive independent signals and decide for themselves whether it’s time to buy or sell. However, Imas said, “These social networks, which can be a platform for the large-scale coordination of an idea, can cause an asset to deviate from its fundamental value.”

Traditional Wall Street analysts looking at the ailing video game retailer clearly don’t believe there is a fundamental reason why the stock was up 1,400% in the first few weeks of 2021. As GameStop climbed to stratospheric levels, Bank of America analysts reported on the The stock again urged investors to take their profits now.

In an investor announcement on Wednesday, it said the stock was only worth $ 10 per share.

“The more the business shifts from in-store transactions, the harder it becomes to sell high-margin used and collectable goods,” which analysts made up 46% of GameStop’s 2019 sales.

Of the six analysts who cover the stock on FactSet, the highest target price is $ 33 per share. On Thursday lunchtime, the stock was trading near $ 215 per share after falling from a session high of $ 483 per share.

There are other examples of when prices have risen and deviated from fundamental value, but not this way – where a group of people suddenly decided to coordinate to get a stock higher. Anything with a dotcom suffix rose during a tech boom in the late 1990s. Exchange experts struggled to explain this.

Alan Greenspan, former Federal Reserve Chairman.

Adam Jeffery | CNBC

In December 1996, then Fed chairman Alan Greenspan warned of “irrational exuberance” on the stock market.

In March 2000 the Nasdaq hit a high of 5,048 before losing 76% of its value over the next two years. The ramp-up was due to many factors, including the emergence of internet chat rooms, but nothing with the force we see on platforms like Reddit today.

Imas said Wall Street will have to grapple with the fact that this new form of grassroots collaborative investment is changing the landscape.

“Investors have shown that they can organize and coordinate kicks like it’s a game and make some real money at the same time,” he said.

He added that there doesn’t seem to be anything illegal about the process, “and I don’t understand why we don’t see more of it and why people don’t get together as a group and make some money.”

The coordination “can apply to anything that is tradable,” he said.

Correction: GameStop is a video game retailer. In an earlier version of this story, the business model was incorrectly stated.

Cruz, Ocasio-Cortez blow up Robinhood on account of commerce freezes

Legislators from both major parties criticized Robinhood on Thursday after the California-based financial services company announced it had restricted its customers’ ability to buy shares in GameStop and other companies whose shares were topped up by online retail investors.

Robinhood announced earlier in the day that GameStop and other stocks targeted by investors on the disrespectful WallStreetBets Reddit forum were limited, citing “recent volatility.”

Message board investors had sent the video game company’s shares up 1,500% in the past few weeks, creating catastrophic “pressure” on hedge funds that had bet that the company’s shares would continue to decline. In a reversal, GameStop’s shares fueled Thursday after the restrictions were put in place.

Rep. Ro Khanna, D-Calif., A progressive who represents Silicon Valley, called for “more regulation and equality” in the financial markets in a statement on Robinhood’s move.

“While retailers blocked the purchase of GameStop in some cases, such as Robinhood, hedge funds were allowed to continue trading the stock,” said Khanna.

“Rather than investing in future technology to help America win the 21st century, Wall Street poured billions into short selling these stocks to crash this company and put the workers out of business. The future of this country lies in this access and equality in all areas of our country’s economy, “said Khanna.

Rep. Rashida Tlaib, D-Mich., A member of the Financial Services Committee, went a step further, calling Robinhood’s move “absurd” and calling for a hearing on “Robinhood’s market manipulation”.

“They are blocking trading to protect Wall Street hedge funds and stealing millions of dollars from their users to protect people who have used the exchange as a casino for decades,” said Tlaib.

Alexandria Ocasio-Cortez, DN.Y., MP, also on that committee, said she would support a hearing if necessary and condemn Robinhood’s move as “unacceptable”.

Rep Maxine Waters, D-Calif., Chair of the Financial Services Committee, did not return a request for comment.

Robinhood wasn’t the only broker restricting GameStop’s sales. Interactive Brokers announced on Wednesday that it had restricted sales of its stock. Charles Schwab said Thursday that his customers could still trade with GameStop but noted that certain types of higher risk transactions are limited.

The other securities imposed by Robinhood are American Airlines, AMC, BlackBerry, Bed Bath & Beyond, Castor Maritime, Express, Koss, Nokia, Sundial Builders, Tootsie Roll Industries, and trivago.

The anger directed against Robinhood comes when trading with GameStop and other dejected companies was heralded on Reddit and elsewhere as some sort of populist victory against the shadow forces of high finance.

Melvin Capital, one of the hedge funds that are tightly in stock, said it closed its position Tuesday afternoon after taking a huge loss. Two companies, Citadel and Point72, provided the fund with nearly $ 3 billion.

Robinhood, whose name recalls the mythical thief who stole from the rich to give to the poor, has stylized itself as a democratizing force in the markets.

Senator Ted Cruz, a Conservative Republican from Texas, picked up the Robinhood trademark in a post on Twitter Thursday morning. With a confused facial emoji, Cruz posted a tweet from Robinhood in March 2016 stating, “Let the people act,” along with his statement announcing restrictions on GameStop and AMC.

Cruz later republished Ocasio-Cortez’s tweet on his own page, writing, “I totally agree.”

Alexandria Ocasio-Cortez and Ted Cruz

Stephen Maturen | Getty Images; Reuters

In response, Ocasio-Cortez said that Cruz “almost murdered me three weeks ago for you to expose” and asked him to resign.

Another Republican, Senator Marsha Blackburn of Tennessee, wrote, “Free the dealers on @RobinhoodApp.”

Senator Elizabeth Warren, D-Mass., A senior financial regulation Democrat, wrote on Twitter on Wednesday: “For years the same hedge funds, private equity firms, and high net worth investors dismayed by GameStop trades have treated the stock market as they have their own personal casino while everyone else pays the price. “

“It’s been a long time since the SEC and other financial regulators woke up and do their jobs – and with a new administration and Democrats running Congress, I want to make sure they do,” Warren wrote.

A Robinhood spokesperson declined to comment, but referred CNBC to a blog post titled “Keeping Customers Informed by Market Volatility”.

“Our mission at Robinhood is to democratize finances for everyone.” The contribution is. “We are proud to have created a platform that has helped everyday people from different backgrounds shape their financial future and invest long-term.”

The Post stated that the company’s employees “continuously monitor the markets and make changes if necessary”.

So far, the White House and top officials from major financial regulators have yet to weigh up one way or another. White House press secretary Jen Psaki said Wednesday that President Joe Biden’s economic team, including Treasury Secretary Janet Yellen, is monitoring the GameStop situation.

Fed chairman Jerome Powell was pressed on Wednesday’s soaring shares of GameStop, saying only that the central bank was not responsible for soaring prices in the markets.

“I think the link between low interest rates and assets is probably not as close as one might think because there are so many different factors that affect asset prices at any given time,” Powell said.

The Securities and Exchange Commission said Wednesday that it is “working with our colleagues to assess the situation”. Declined to comment Thursday.

At WallStreetBets, posters popped Robinhood celebrating their legislature support while encouraging each other to hold on to their stocks.

“RASHIDA IS WITH US,” wrote a user named MrPostmanLookatme in a post that received more than 28,000 supportive votes.

More than 1.3 million people actively browsed the forum with around 4.6 million members on Thursday afternoon.

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South Carolina discovers the primary identified US case

Health care workers at the Medical University of South Carolina will conduct free Covid-19 tests at a location in a parking lot between Edmund’s Oast and Butcher & Bee restaurants in Charleston, South Carolina, USA on Wednesday, January 13, 2021.

Micah Green | Bloomberg | Getty Images

The first US Covid-19 cases of a new, highly contagious strain of the virus, first found in South Africa, were discovered in South Carolina, the state’s Department of Health said Thursday.

The South Carolina Department of Health and Environmental Control said the strain known as B.1.351 was found in two adults who had not previously traveled or connected. The Centers for Disease Control and Prevention told South Carolina health officials late Wednesday that a sample tested at LabCorp was variant B.1.351, the health department said Thursday.

The state health laboratory later identified “a separate case of the same variant” in a sample tested Monday, the South Carolina Department of Health said in a statement. While the burden appears to be highly transferable, it doesn’t appear to make people sick, the health department said.

“The arrival of the SARS-CoV-2 variant in our state is an important reminder for all South Carolinians that the fight against this deadly virus is far from over,” said Dr. Brannon Traxler, the division’s interim director, in a statement.

Mutant strains of the coronavirus have migrated to the United States in the past few weeks. Minnesota health officials on Monday identified the first US case of a similar variant, first discovered in Brazil. The US has also identified more than 300 cases with another strain, first found in the UK and known as B.1.1.7, according to recent data from the CDC.

The appearance of these new strains did not surprise the scientists. The US is quickly trying to step up its surveillance efforts to track through genomic sequencing the new strains that may come from abroad or “may come from our own country,” said Dr. Rochelle Walensky, the new director of the CDC, last week.

“CDC is early in its efforts to understand this variant and will continue to provide updates as we learn more,” the health department said in a statement. “The CDC’s recommendations to slow the spread – wearing masks, staying at least 3 meters away from others, avoiding crowds, ventilating indoor spaces, and washing hands frequently – also prevent this variant from spreading.”

Both strains of the virus found in the UK and South Africa have similar mutations, but experts say they evolved separately. While it’s no surprise that the virus is mutating, researchers are quick to figure out what the changes could mean for recently developed life-saving vaccines and treatments for the disease.

The B.1.351 strain appears to be more problematic than the variant found in the UK, said White House health advisor Dr. Anthony Fauci, on Wednesday. Fauci said during a press conference that the antibodies induced by the vaccine may be less effective in combating this strain, although “it still sits well in its protective cushion”.

Early results, which were published on the preprint server bioRxiv and have not yet been peer-reviewed, indicate that variant B.1.351 can evade the antibodies of some coronavirus treatments and reduce the effectiveness of the current range of available vaccines. On Monday, Moderna said his vaccine may be less effective against strain B.1.351 and that he was developing a so-called booster shot to protect this variant “out of caution”.

Fauci, director of the National Institute for Allergies and Infectious Diseases, said in a CNN interview on Wednesday that the new mRNA technology used to develop the Moderna and Pfizer-BioNTech vaccines – the only two to have received emergency approval to date – this can be easy to tweak to target the variants.

These booster vaccinations would not have to go through the rigorous phase three clinical trials, which involved thousands of participants, he added.

“You don’t have to do a 30,000 person process or a 40,000 person process,” said Fauci. “You work with the FDA and can bridge information from one study to the next. The bottom line is that we’re already at it.”

– CNBC’s Will Feuer contributed to this report.

In accordance with a report, the Cuomo authorities has underreported deaths from Covid in nursing properties

A view of a patient being rolled out of a nursing home in Flushing Queens New York USA during the coronavirus pandemic on April 22, 2020.

John Nacion | NurPhoto | Getty Images

The New York Department of Health reported Covid-19 deaths in nursing homes by up to 50%, according to a new report released Thursday by New York Attorney General Letitia James.

The 76-page report comes from a month-long investigation by the Attorney General’s office into allegations that nursing homes have failed to follow coronavirus safety protocols. Her office also investigated discrepancies between the number of deaths reported by the state Department of Health in nursing homes and the number of deaths reported by the facilities themselves.

The investigation found that the number of Covid deaths among nursing home residents in some facilities has increased by more than 50% after counting residents who died in the hospital. The official Covid-19 state death toll in nursing homes excludes patients who have died after being transported to hospital.

Democratic Governor Andrew Cuomo has been criticized for failing to disclose the total number of nursing home residents who have died from Covid-19. In her comprehensive report, James, also a Democrat, noted that “many nursing home residents in hospitals died of Covid-19 after being transferred from their nursing homes, which is not reflected in the overall data on nursing home deaths published by DOH . “

Cuomo representatives did not immediately respond to CNBC’s request to comment on the results. Representatives from the state Department of Health also did not respond to CNBC’s request for comment.

The attorney general’s findings put them directly in conflict with the governor, who often boasted of the state’s response to the coronavirus. Cuomo has also dismissed criticism of a policy by the Ministry of Health that directed nursing homes to accept residents who tested positive for the coronavirus. The governor has repeatedly defended his government’s response to the pandemic, stating that the state was poorly supported by an inept federal government that was caught by surprise by importing the virus.

In May, the federal government asked nursing homes to provide weekly data on deaths from the coronavirus, including those who died at the facility and in hospitals. However, that guideline came after the first peak of the New York outbreak, making the data available from the state nursing homes barely available. An Associated Press analysis of federal data released in August found the state could underestimate deaths by up to 65%.

James’ results are based on a survey of 62 nursing homes, or approximately 10% of nursing homes in the state. She said her law firm is continuing to investigate inconsistencies in the data reported by the Ministry of Health and the numbers reported to the Attorney General.

The investigation also found that a number of nursing homes did not adhere to “Critical Infection Control Guidelines”; B. Failing to isolate residents who test positive for the virus.

“As the pandemic and our investigation continue, it is imperative that we understand why New York nursing home residents have suffered needlessly so alarmingly,” James said in a statement. “While we cannot bring back the people we lost to this crisis, this report aims to provide transparency the public deserves and encourage increased action to protect our most vulnerable residents.”