Tomorrow could possibly be the final probability for some individuals to keep away from main tax penalties

Charday Penn | E + | Getty Images

Small business owners and side gig hustlers face a big tax deadline.

Applicants paying quarterly estimated taxes, including independent contractors and corporate partners, owe their final 2020 payment on January 15th.

Generally, the other deadlines for quarterly taxpayers are April 15th, June 15th, and September 15th.

Last year was exceptional from a tax perspective as the Treasury and IRS moved the due dates for the estimated payments in the first and second quarters to July 15.

More from Smart Tax Planning:
How unemployment could create a surprising tax burden in 2020
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People fled these high-tax countries in 2020

Usually, employees don’t have to worry about quarterly payments. This is because their employers usually withhold income tax from their salary during the year.

Meanwhile, sole proprietorships and other small businesses are responsible for paying their estimated self-employment and income taxes four times a year.

“If you have year-round income, the IRS calculates quarterly what taxes you should have owed,” said Dina Pyron, global tax chat leader at Ernst & Young.

If you miss your payments on time, you will incur underpayment penalties.

Make accurate payments, avoid penalties

Generally, to avoid an underpayment penalty, you must pay at least 90% of tax for the current year or 100% of tax on your tax return for the previous year.

If your adjusted gross income from last year’s return exceeded $ 150,000, you must pay 110% of the tax liability.

Year-end surprises, including commissions and bonuses that can add to your income, can negate these estimates.

Small business owners and many other quarterly taxpayers faced an uphill battle in 2020 as not only did they struggle with falling incomes, but they were still hooked for those quarterly payments.

Some entrepreneurs had to make tough decisions by 2020 to get through.

“If you have a company that has been severely affected by Covid-19, are a sole proprietorship and owe quarterly estimates, you may have to choose between paying the estimate or keeping the cash,” said Dan Herron, CPA and director of Elemental Wealth Advisors in San Luis Obispo, California.

“They are hooked for these quarterly payments but say your payment is $ 4,000,” he said. “What is the opportunity cost for the $ 4,000? Does that mean you’ll stay in business for another month? That’s the choice.”

YFN Lucci turns himself in after being wished for his alleged connection to a homicide (Replace)

YFN Lucci, whose real name is Rayshawn Bennett, has come forward and is being held in Fulton County Jail after he was wanted on alleged connection to an Atlanta murder.

As previously reported, it was reported on Tuesday that YFN Lucci was a suspect charged on multiple charges over his alleged role in the death of 28-year-old James Adams that occurred last month. Records show he is currently in custody in Fulton County Jail on charges of murder, aggravated assault, unlawful participation in street gang activities, and possession of a firearm while committing a crime.

According to CNN, his attorney Thomas Reynolds said in a statement: “The presumption of innocence is a fundamental constitutional right for every citizen. Beyond that, we currently have no further comment. “

As mentioned earlier, James Adams was found with a gunshot wound to the head and taken to the hospital, where he declared himself deceased. Another victim, Kevin Wright, was also shot dead, but survived the shooting. Officials believe the two shootings are related.

Two other suspects were previously arrested in connection with the Miami murder.

Before they tampered, authorities offered a $ 5,000 reward for information that could lead them to the arrest of YFN Lucci.

We will continue to update you as this story develops.

Would you like updates directly in your text inbox? Hit us at 917-722-8057 or Click here to take part!

TSR STAFF: Jade Ashley @ Jade_Ashley94

Recipients cannot be disenchanted, says Dr. Scott Gottlieb

Dr. Scott Gottlieb on Thursday warned coronavirus vaccine recipients not to abandon their guards immediately and urged CNBC to adhere to public health measures such as wearing masks.

The former commissioner for the U.S. Food and Drug Administration said the advice is especially important to older Americans who are at higher risk of death or serious illness from Covid-19.

“I think for an elderly person who is susceptible to this virus, wait some time after the second shot until you probably have full protective immunity,” Gottlieb told Squawk Box. “I don’t think people should feel completely safe after the first shot.”

Both Covid vaccines, which have received emergency clearance from the FDA, require two doses. Pfizer and its German partner BioNTech developed one of the vaccines while Moderna makes the other. Gottlieb is on the Pfizer board of directors.

Around 10.3 million Americans received their first Covid shot on Wednesday morning, according to the Centers for Disease Control and Prevention. About 29.4 million cans were distributed.

The shaky vaccine comes in as the nation continues to have high levels of coronavirus infections and more deaths from Covid-19. According to a CNBC analysis of the data compiled by Johns Hopkins University, the 7-day average of new daily cases in the country is 245,306. Over the past week, an average of 3,360 Americans have died of Covid-19 each day. This is the second highest number ever recorded.

Vaccine recipients still need to take public health precautions as the US outbreak remains so significant and “infections are everywhere,” Gottlieb said. “If you are a vulnerable person, it is still very advisable to continue wearing a mask and taking precautions even after you had the second shot and believe you have complete protective immunity to the vaccine.”

“That doesn’t mean you have to hibernate and avoid seeing family,” added Gottlieb, who headed the FDA in the Trump administration from 2017 to 2019. “Maybe you can lean forward in this regard but wear a mask. Be more careful with these interactions, because in a high-circulation environment you are still at risk.”

As more Americans get vaccinated against Covid-19, Gottlieb said it should lower overall US infection rates and significantly reduce the intensity of the epidemic. At this point he said it made more sense to “loosen” some precautions.

“Hopefully this will be summer, spring, when these new variants fail to gain a foothold here in the US and change our trajectory,” he said, referring to the coronavirus strains originally found in the UK and South Africa believed to be more transmissible.

Researchers in Ohio said Wednesday they had discovered two new variants that likely originated in the United States

Last week, Gottlieb warned Americans that a return to pre-pandemic life was unlikely in 2021. For example, he told CNBC that public places may still require that the temperature be taken before entry.

“I just think that if you drive through an airport now after 9/11, things will be different just like they are different,” he said last week. “I don’t think masks will be mandatory next fall and winter when we can increase the vaccination rate and when these new varieties go away or don’t prevail. But I think a lot of people will want to wear masks, and that’s fine. “

Disclosure: Scott Gottlieb is a CNBC employee and a member of the boards of directors of Pfizer, the genetic testing startup Tempus, and the biotech company Illumina. He is also co-chair of the Healthy Sail Panel of Norwegian Cruise Line Holdings and Royal Caribbean.

Donald Trump is the stiff legal professional Rudy Giuliani for authorized charges

Donald Trump had high hopes for this election season. He believed, of course, deep down that he would defeat Joe Biden. And even if he didn’t, he’d put together a crack team of lawyers who could help him win.

And Trump had some formidable law firms ready to represent him after the election. The problem, however, was that Trump lost the election many times over. And when the bad press came in, the respected legal teams started walking away.

So Trump stayed behind with his longtime ally and friend Rudy Giuliani along with conspiracy theorists such as Sidney Powell, Jenna Ellis and Joe DeGenova. The legal team of the “Elite Strike Force” had their watches cleaned regularly in court.

And the ringleader of the circus was Rudy Giuliani. From holding a press conference next to a sex shop to introducing witnesses who appeared to be drunk, the former New York mayor has been incessantly causing embarrassment.

The humiliation of his loss is beginning to decline for Donald Trump. Not only will he be leaving the White House soon, his business empire will be destroyed and he is in legal danger in New York City. And he is certainly not happy with Giuliani.

According to a Washington Post report:

Trump has ordered aides not to pay Giuliani’s legal fees, two officials said, and has requested that he personally approve reimbursements for expenses Giuliani incurred on behalf of the president during his trip to view the election results in Questioning key states. They said Trump privately voiced concern about some of Giuliani’s moves and failed to appreciate Giuliani’s request for $ 20,000 per day fees for his work attempting to overturn the election. “

Giuliani has not yet commented on Trump’s non-payment.

Todd Neikirk is a New Jersey-based policy and technology writer. His work has been featured on psfk.com, foxsports.com and hillreporter.com. He likes sports, politics, comics, and spends time with his family on the waterfront.

5 issues it’s best to know earlier than the inventory market opens on January 14, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Wall Street starts another mixed session

Traders on the floor of the New York Stock Exchange.

Source: New York Stock Exchange

Dow and S&P 500 futures rose, but Nasdaq futures fell Thursday, a day after a mixed session took all three stock benchmarks less than 1% from their record highs. Shortly after the market closed on Wednesday, the house indicted President Donald Trump for instigating a riot at the Capitol last week. The pre-market reaction of stocks was relatively subdued as the House of Representatives vote was widely anticipated. Investors will also focus on the Department of Labor’s weekly unemployment entitlement data at 8:30 a.m. ET. Economists are calling for the number of new jobless claims to rise to 800,000 for the week ending January 9. Delta Air Lines cut cash burn in half and reduced its losses in the fourth quarter as the coronavirus pandemic drove the airline into its worst year ever. The shares of the pre-market rose by more than 1%.

2. 10 Republicans vote for Trump’s impeachment

The Speaker of the US House of Representatives, Nancy Pelosi (D-CA), shows the article of the impeachment of US President Donald Trump after he signed it in a deepening ceremony on January 13, 2021 in the US Capitol in Washington.

Leah Millis | Reuters

Ten Republicans joined all House Democrats 232-197 to indict Trump. GOP Senator Mitch McConnell, majority leader until Georgia confirms the Democrats’ two runoff wins, said the Senate will not begin Trump’s trial until Tuesday. That is a day before President-Elect Joe Biden’s inauguration, which is expected to be completed with unprecedented certainty. In a video released on Wednesday, Trump issued his clearest condemnation to date of last week’s Capitol uprising. However, he took no responsibility and did not mention the impeachment.

3. Biden Reveals Covid Mitigation Plan

President-elect Joe Biden dons a mask after receiving his second dose of Pfizer / BioNTech COVID-19 vaccination at ChristianaCare Christiana Hospital on January 11, 2021 in Newark, Delaware.

Alex Wong | Getty Images

Biden is expected to present a coronavirus action plan on Thursday that will focus on a mass vaccination program and closer coordination between all levels of government. The Biden Plan comes as the US battles another spike in Covid-19 cases and deaths.

Mainland China reported its first Covid death since May on Thursday as authorities tried to control an increase in cases outside of Beijing. The Covid flare up there unfolds when a WHO team arrives in Wuhan, where the novel coronavirus was first discovered in late 2019, in order to study the origins of the virus together with Chinese scientists.

4. J & J’s one-shot coronavirus vaccine safe

Illustration of the Johnson & Johnson coronavirus vaccine

Given Ruvic | Reuters

Johnson & Johnson’s unique Covid vaccine is safe and appears to produce promising immune responses in both young and elderly volunteers, according to experimental data published in the New England Journal of Medicine. J&J is expected to release results from its Phase 3 study of 45,000 people later this month, which could then lead to a third vaccine approved by the FDA for emergency use in the United States. J&J uses the same technologies for its Ebola vaccine that Pfizer and Moderna used a new approach to their respective two-shot vaccines.

5. Petco, Poshmark will debut on Nasdaq

Two IPOs will take place on Thursday on the Nasdaq. Petco has valued its initial public offering at $ 18 per share, which is above the expected $ 14-17 range, and valued the pet products retailer at nearly $ 4 billion. Poshmark, also on Wednesday night, valued its IPO at $ 42 per share, above the expected range of $ 35-39. The offering gives the online used goods seller an initial valuation of more than $ 3 billion.

– Associated Press and Reuters contributed to this report. Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.

Miley Cyrus says she acquired bare throughout “Rager” and climbed this landmark

Miley Cyrus looks back on a time when she was just Miley.

The star shared a series of throwback photos on her Instagram story of herself and her rocking buddy on Wednesday January 13th Wayne Coyne to celebrate his 59th birthday. One of the pictures with the Flaming Lips frontman showed the couple looked a little worse in the wee hours of the morning outside Madame Tussauds Hollywood.

The picture shows the two musicians leaning their heads together, while Miley, dressed in a smart Minions sweater, covers her face with her hands and appears quite exhausted.

“Standing on Hollywood Boulevard in the morning after a rage,” she captioned the post. Then she added the bracket: “I climbed the Roosevelt sign naked.”

While it’s unclear whether Miley is pulling our legs, she is referring to the top of the Hollywood Roosevelt Hotel, which is across from the Chinese Theater and is known as a major Tinseltown landmark. As it turns out, the Roosevelt is the oldest continuously operating hotel in Los Angeles, opening in 1927.

India kicks off an enormous Covid-19 vaccination marketing campaign on Saturday, January 16

Bangalore Airport employees transfer cardboard boxes of vials of Covishield vaccine developed by the Serum Institute of India on January 12, 2021 in Bangalore, India.

Stringer | Xinhua | Getty Images

SINGAPORE – India is preparing for one of the largest mass vaccination exercises in the world starting Saturday.

The South Asian country plans to vaccinate around 300 million people, or more than 20% of its 1.3 billion population, against Covid-19 in the first phase of the exercise.

Indian airlines have started delivering the first doses of vaccine to Delhi and other major cities, including Kolkata, Ahmedabad and the Bengaluru Technology Center. The Minister of Civil Aviation, Hardeep Singh Puri, announced earlier this week.

Priority for the recordings is given to healthcare and other frontline workers – an estimated 30 million people. That would be followed by people over the age of 50 and other younger people at high risk.

The rollout will involve close cooperation between the central government and the states.

India has also developed a digital portal called Co-WIN Vaccine Delivery Management System. According to the Ministry of Health, real-time information on “vaccine stocks, their storage temperature and individual tracking of the beneficiaries” is provided.

India has a long history of vaccination campaigns … and will rely on this expertise in spreading coronavirus vaccines.

“India’s vaccine manufacturing expertise and experience with mass vaccination campaigns have prepared it well for the Phase 1 vaccinations scheduled to begin this weekend,” Akhil Bery, South Asia analyst with Eurasia Group, wrote in this week a report.

“India has a long history of vaccination campaigns, including its universal immunization program that vaccinates 55 million a year, and will rely on that expertise in distributing coronavirus vaccines,” he added.

Emergency approval

The Indian Medicines Agency has approved the restricted use of two coronavirus vaccines in emergency situations, both of which will be delivered to the various vaccination centers before Saturday.

One of them is a vaccine developed by the Anglo-Swedish company AstraZeneca and Oxford University, made domestically by the Serum Institute of India (SII) and known locally as Covishield.

Another vaccine was called Covaxin Developed domestically by India’s Bharat Biotech in collaboration with the Indian State Medical Research Council. Emergency clearance has been granted as clinical trials continue.

Covaxin’s approval has reportedly been criticized by some after the regulator gave the green light shortly after asking Bharat Biotech for further analysis.

India’s Minister of Health said Tuesday the Indian government had signed procurement agreements for 11 million doses of Covishield at Indian rupees 200 ($ 2.74) per dose and 5.5 million doses of Covaxin at an average cost of Rs 206 per shot, which is likely cheaper than what it will cost in the private market.

Several other candidates, including a second domestically developed vaccine from Zydus Cadila, are currently in clinical testing.

Possible risks

India currently has more than 10.5 million reported coronavirus cases, second only to the US. According to the Johns Hopkins University, more than 151,000 people have died of Covid-19 in India. However, figures reported daily show that the number of cases of active infections is decreasing.

South Asia’s largest country is also the world’s largest manufacturer of vaccines and is believed to produce about 60% of all vaccines sold worldwide.

As a result, India’s production of Covid vaccines is expected to play an important role in global immunization against the disease.

Eurasia Group’s Bery said that despite the government’s optimism, two major risks could potentially slow the launch of the vaccination campaign.

“First, vaccine production capacity will be limited even in best-case scenarios,” he said, adding that if local vaccine manufacturers cannot produce the 600 million doses needed to vaccinate the first 300 million people, “India’s vaccination schedule – and the export of vaccines to other countries could be significantly delayed. “

The second risk is that India’s vaccination campaign is highly dependent on state governments, “whose capacities and expertise vary widely,” Bery said. “Effective coordination between the central government and the state government is required, which has not been (Prime Minister Narendra) Modi’s strength.”

J & J’s distinctive Covid vaccine is secure and generates a promising immune response

Johnson & Johnson’s unique coronavirus vaccine is safe and appears to produce promising immune responses in both young and older volunteers. This emerges from the study data published Wednesday in the New England Journal of Medicine.

J&J scientists randomly assigned healthy adults between the ages of 18 and 55 and over 65 to receive a high or low dose of the vaccine – called Ad26.COV2.S – or a placebo. Some participants in the 18- to 55-year-old age group were also selected to receive a second dose of the vaccine.

Most volunteers produced detectable neutralizing antibodies after 28 days, according to the experimental data, which researchers believe play an important role in the defense of cells against the virus. By day 57, all volunteers had detectable antibodies regardless of vaccine dose or age group, and were stable for at least 71 days in the 18- to 55-year-old age group.

According to experimental data, the most common side effects were fever, tiredness, headache, muscle pain and pain at the injection site. Side effects were less common in the older age group who received only one dose of vaccine and in those who were data shown to receive a lower dose of vaccine.

Data from the first and second phase clinical trials show that a single shot of the vaccine “delivers sustainable antibodies,” said Dr. Paul Stoffels, Chief Scientific Officer at J & J, in an interview with Meg Tirrell at CNBC. He added that it gives the company “confidence” that the vaccine will be highly effective against the virus.

805 volunteers were tested in the study. The company is expected to release the results of its 45,000-person Phase 3 study later this month. J&J uses the same technologies that it used to develop its Ebola vaccine for its Covid-19 vaccine.

US officials and Wall Street analysts are eagerly anticipating J & J’s vaccine approval, which could come as early as next month. Public health officials and infectious disease experts say world leaders will need an array of drugs and vaccines to fight the virus, which has killed at least 382,120 Americans since the pandemic began.

If J & J’s vaccine is approved by the Food and Drug Administration, it will be the third approved for use in the United States after Pfizer BioNTech and Moderna’s. Pfizer’s vaccine was approved on December 11th and Moderna’s vaccine a week later on December 18th.

The data comes as US officials complain that the pace of vaccinations has been too slow as the supply of vaccine doses exceeds demand. The Centers for Disease Control and Prevention on Tuesday expanded the guidelines for approving Covid vaccines to include people aged 65 and over and people with pre-existing medical conditions. The government is also changing the way Covid vaccine doses are allocated, now based on how quickly states can administer shots and how large their elderly populations are.

The Trump administration will also stop withholding millions of doses reserved for the second round of vaccinations with Pfizer and Moderna in two doses, the official said, adding it had released doses that were held in reserve Sunday. President-elect Joe Biden’s transition team announced a similar plan on Friday.

Unlike the vaccines approved by Pfizer and Moderna, which require two doses three to four weeks apart, J&J only requires one dose. This means that patients don’t have to return for another dose, which simplifies logistics for healthcare providers.

The Department of Health and Human Services announced in August that it had signed a contract with Janssen, J & J’s pharmaceutical subsidiary, worth approximately $ 1 billion for 100 million doses of its vaccine. The deal gives the federal government the opportunity to order another 200 million cans, according to the announcement.

Stoffels said the company plans to ship the vaccine at 2 to 8 degrees Celsius, which is around 36 to 46 degrees Fahrenheit.

“We have three months of stability at 2 through 8 from that point,” he said. “That will expand later in the year as we generate more stability data. We know from our other vaccines that it can take up to a year, but at the beginning we can’t because we don’t have it for this vaccine.” “

Are vaccines wanted for flying or touring? It’s probably, specialists say

While interest in vaccination against Covid-19 may vary, the desire to travel is largely absent.

A study published by Hilton last October found that 95% of Americans miss travel. But those who cannot or do not want to have a Covid shot may be excluded from some routine travel experiences like flying, cruising, and business conferences.

So the decision on whether to vaccinate (or not) can have an impact on future travel plans.

Travel abroad

While no country has yet announced compulsory vaccination, it is “very likely” that some vaccinations will become available once they are freely available, said Sharona Hoffman, co-director of the Law-Medicine Center at Case Western Reserve University’s Law School.

“I would suspect that New Zealand could be a country that requires proof of vaccination for travel purposes,” she said, referring to the country’s strict travel ban and low Covid-19 infection rate.

Hoffman said countries need to weigh the need for tourist income against the inherent coronavirus risks that travelers bring.

“We know there are large numbers of people planning to opt out of the vaccination immediately, even in rich countries like the United States,” she said. “Will the nations be willing to give up tourism income to such individuals?”

A survey published last month by market research firm Ipsos with the World Economic Forum found that 69% of Americans were willing to be vaccinated against Covid-19, up 5% from October. Residents of other countries, including China (80%), Mexico (77%), the United Kingdom (77%), and Australia (75%), are likely to adopt the vaccine in greater numbers. Residents of Russia (43%) and France (40%) showed the least intention to get vaccinated in the survey.

In countries with tight border restrictions and low Covid-19 rates like New Zealand, travelers may need to be vaccinated to visit.

Matt Champlin | Moment | Getty Images

In order to resume travel as soon as possible, global travel organizations are pushing for Covid-19 tests for vaccine mandates. The International Air Transport Association estimated the global vaccination roll-out in at least 12 to 24 months and said last month it was “not an option” to wait for vaccines to reopen borders.

On a Reuters video panel last Monday, Gloria Guevara, CEO of the World Trade & Tourism Council (WTTC), made headlines when she said vaccination mandates discriminated against travelers.

“A blanket vaccination requirement would simply not discriminate against vulnerable groups like Generation X, Z and Millennials who should travel with evidence of a negative Covid test,” she said in a statement posted on the WTTC website on Tuesday.

Singapore has indicated that unvaccinated travelers may be subject to longer quarantine periods and additional testing.

franckreporter | E + | Getty Images

Lawrence Wong, Singapore’s minister for national development and co-chair of the country’s Covid-19 task force, said last week that “stay at home” quarantine times for vaccinated travelers may be shortened or eliminated.

In an interview with Channel News Asia, he said those who don’t get vaccinated “have to live with more frequent testing … quarantines and … all these other additional requirements”.

Take international flights

Alan Joyce, CEO of Qantas, opened an international debate when he described vaccination as a “necessity” for the airline’s international travelers in an interview with Nine News of Australia last November.

“When I speak to my colleagues at other airlines around the world, I think this will be a general topic,” he said.

On December 3, Ed Bastian, Delta Air Lines CEO, told Today that vaccinations for international travel will eventually become a “requirement”.

“I suspect US airlines do not require general vaccinations.

Dean Headley

Co-author of the Airline Quality Rating

While no major airline has announced a requirement yet, many are waiting for government instructions. A Korean Air representative told CNBC’s Global Traveler that this “is not a policy that we can make independent decisions … we will follow government policies.”

A Singapore Airlines spokesman said the airline would follow instructions from the government and city-state regulators. Qatar Airways declined to comment.

In December, AirAsia Group’s CEO Tony Fernandes reiterated his assessment that it will be governments, not airlines, that will make the decision, adding that he foresees that Asian countries will “not let anyone in without a vaccination”.

Dean Headley, co-author of Airline Quality Rating and professor emeritus at Wichita State University, doesn’t believe that if Americans are not vaccinated, they will be completely excluded from flying.

“I suspect US airlines don’t need general vaccinations,” he said. “But they could make vaccinations a form of preferred travel status.”

Airline expert Dean Headley believes some, but not all, US airlines may require passengers to be vaccinated in order to fly in the future.

Sandy Huffaker | Getty Images News | Getty Images

“Requiring a vaccine would stifle demand for seating at first, but could ultimately bring flyers back faster as the vaccine is widely used,” he said.

While Headley does not require airlines to choose vaccinated flights instead of a blanket mandate – what the term calls a “real logistical nightmare” – he said airlines may decide to limit the percentage of vaccinated passengers booked on a flight Publish to help prospective customers flyers assess the flight risk.

Stay in a hotel

Hotels are unlikely to require vaccination of guests, said Professor David Sherwyn of the Cornell School of Hotel Administration.

“Because the vaccine is slowly being introduced, it is easy (not) practical for guests to need,” Sherwyn said.

Sherwyn envisions no major hotel brand taking this stance, but “it could be a boutique selling point” for hotels looking to enter a “covid-safe” market.

It is also possible that hotel conferences may require attendees to be vaccinated because “large numbers of people are indoors, sharing meals and networking,” Sherwyn said.

An executive at a high-end Indonesian resort said management of the hotel is considering requiring guests to be vaccinated once the country reopens to tourists. Although she refused to be named until the resort’s final decision on the matter was made, she said the staff believed that such a mandate would attract rather than dismiss the hotel’s affluent target market.

Go on a cruise or an organized tour

Cruises are “very likely” to require vaccination of passengers, Sherwyn said.

The challenge for cruise lines, however, will be shore excursions, said James Ferrara, president of travel company InteleTravel. He believes cruises will partner with fewer tour operators and move to “heavily restricted experiences” to keep passengers safe.

Tour operators, on the other hand, do not provide any vaccination plans, Ferrara said. Tour groups are too fluid and moving freely between accommodation, shopping, and sightseeing to come up with a workable solution, he said.

“Vaccinations are key to increasing consumer confidence in travel,” said Ferrara. “But science doesn’t support making it a ‘silver bullet’ as a requirement or protocol for all types of travel.”

Chobani debuts with chilly brew espresso drinks that transcend yogurt

Chobani’s four new coffee drinks

Chobani

In 2019, Chobani started focusing on oat milk and coffee creams to build its reputation beyond its typical Greek yogurt.

It starts in 2021 with another bold category entry: coffee.

Starting in January, Chobani customers will be able to purchase ready-to-drink coffee beverages from US retailers. The cold brewed drinks will be available black or flavored with the company’s sweet milk jug, vanilla jug or oat milk. The coffee itself is made from 100% arabica beans.

The launch comes because more Americans drink their coffee at home than in the office or in a coffee shop. In the ready-to-drink coffee category, retail sales rose 17% to $ 1.6 billion in the 52 weeks ended October 31, according to Nielsen. Keurig Dr. Pepper is one of the winners of the trend. Net sales of its coffee systems increased 3% to $ 1.1 billion in the third quarter.

However, the Chobani coffee line has been in the works since the successful launch of the coffee creamers, which have been used to educate the company about coffee drinkers.

“We started with the dairy and it went so well that we said we should keep going and this was the next natural step for us,” said Niel Sandfort, Chobani’s chief innovation officer, in an interview.

Sandfort said the company looks forward to bringing its yogurt flavoring expertise to its new categories, including coffee.

Chobani Coffee has a suggested retail price of $ 4.49 per 32-ounce multiserve pack and contains about 85 milligrams of caffeine per serving, which is standard for coffee. The bottles are made with Tetra Top cardboard so they can be easily recycled.

“At its core, Chobani’s business model for food development is to own the manufacture so our cost is reasonable. Therefore, we can provide these high quality ingredients but are not as expensive as you think,” said Sandfort.

When Chobani launched his coffee creamers, he focused on using real cream or oat milk instead of the hydrogenated vegetable oils normally used in these type of products. Sandfort said the line is attracting new customers as a result who previously didn’t use creamer. And now the company is hoping Chobani Coffee will bring the same additional traffic to the ready-to-drink category.