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FILE PHOTO: San Francisco's Mayor London Breed speaks during the California Democratic Convention in San Francisco, California, U.S. June 1, 2019. REUTERS/Stephen Lam/File Photo(Reuters) - The mayor of San Francisco on Friday said she and political leaders across the Bay Area were imposing new lockdown orders and business restrictions in the face of a surge in COVID-19 infections. “What we’re seeing now is a spike unlike anything we’ve seen so far in the pandemic,” Breed said in announcing the restrictions during a live-streamed news conference. The new rules apply across five Bay Area counties: Alameda, Contra Costa, Marin, Santa Clara and San Francisco, as well as the city of Berkeley. Breed said that 16,208 infections have been documented in San Francisco since the pandemic began.
Persons: Francisco's Mayor London Breed, Stephen Lam, London Breed, Gavin Newsom, Breed, Contra Costa Organizations: Francisco's Mayor London, California Democratic Convention, REUTERS, London Locations: Francisco's, California, San Francisco , California, U.S, San Francisco, Alameda, Contra, Marin, Santa Clara, Berkeley
* Households and businesses that are in trouble need grants, which the Fed can’t provide, not lower borrowing costs, which is what the Fed already has delivered. * And to top it off, Fed policymakers say, the rapid spread of the virus means now is not the time to ramp up stimulus. “I am not opposed to more accommodation,” Chicago Federal Reserve Bank President Charles Evans told reporters on Friday. This week, as fiscal talks rekindled, some analysts speculated that a sharp rise in bond yields could nudge the Fed into action. That’s not to say Fed policymakers won’t do anything at their next meeting on Dec. 15-16.
Persons: Leah Millis, Charles Evans, Mary Daly, Robert Kaplan, Evans, Amir Kermani, That’s, It’s, ” Kermani, pare, Tim Duy, we’ve, ” Duy, ” Evans Organizations: Reuters, Federal Reserve, Federal Reserve Board, REUTERS, Federal Reserve Bank, San Francisco Fed, Dallas Fed, Fed, UC Berkeley Haas School of Business, of Oregon Locations: Washington , U.S
Giuliani's visit is part of the Republican Party's civil war in Georgia, as President Donald Trump continues to claim massive election fraud and Georgia Republican election officials push back. Trump continues to claim massive election fraud, and Georgia Republican election officials push back. He continues to insist that there was widespread fraud in Georgia and demands that Georgia Republicans do something about it. Prominent pro-Trump lawyer L. Lin Wood called on Georgia Republicans to boycott the January runoffs in protest. The Republican Party, in that case, will continue after 2020 to be the Party of Trump.
Persons: Rudy Giuliani, Donald Trump, Trump, Republican Sens, David Perdue, Kelly Loeffler —, Loeffler, Perdue, Brad Raffensperger's, Joe Biden's, YDh7A7wxLW — Donald J, Raffensperger, Brian Kemp, Lin Wood, Georgia doesn't bode, Rudy W, Giuliani, Georgia Republicans —, , Trump's Organizations: Georgia State Capitol, Republican, Georgia Republican, Democratic, , Trump, Republican Gov, Georgia Republicans, Republicans, Loeffler, Republican Party, of Trump, GOP, America Locations: Atlanta, Georgia, Michigan, GEORGIA
Energy stocks drive gains in European shares
  + stars: | 2020-12-04 | by ( Susan Mathew | ) www.reuters.com sentiment -0.98   time to read: +2 min
(Reuters) - Oil stocks lifted European shares on Friday, with London’s blue-chip index hitting nine-month highs, while signs of progress in fiscal stimulus in the United States also aided sentiment. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 26, 2020. REUTERS/StaffLondon FTSE 100 rose 0.8% as crude prices gained after a compromise between OPEC+ members to continue some production cuts. “As long as a basic deal is struck that avoids a no-deal scenario, that would help sentiment,” Madden said. Shares of UK homebuilder Berkeley lost 2.8% after it reported a 16.6% fall in first-half profit as home sales were dented by the pandemic.
Persons: , David Madden, ” Madden, DAX, BioNtech Organizations: Reuters, REUTERS, Staff London, Nasdaq, U.S . Congress, CMC, European Union, Pfizer, homebuilder Berkeley Locations: United States, Frankfurt, Germany, London, Europe’s
U.S. Justice Department probed Kushner lawyer over alleged graft scheme: NYT
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
WASHINGTON (Reuters) - The U.S. Justice Department investigated whether a lawyer for Jared Kushner, the son-in-law of President Donald Trump, had been involved in a bribery scheme to win clemency for a man convicted of tax crimes, the New York Times said on Thursday. White House senior advisor Jared Kushner looks on at a U.S. President Donald Trump's campaign rally at Fayetteville Regional Airport in Fayetteville, North Carolina, U.S., November 2, 2020. As part of the plan, a San Francisco real estate developer, Sanford Diller, would make an unspecified political contribution, it added. U.S. District Judge Beryl Howell released an order that described what she called a “bribery-for-pardon” investigation. In October, Broidy pleaded guilty in a separate case to legally lobbying Trump to drop an investigation into a Malaysian embezzlement scandal.
Persons: Jared Kushner, Donald Trump, Donald Trump's, Carlos Barria, Abbe Lowell, Elliott Broidy, Trump, William Burck, , Hugh Baras, Sanford Diller, Diller, Burck, Baras, Beryl Howell, Broidy Organizations: WASHINGTON, U.S . Justice Department, New York Times, White House, Fayetteville Regional Airport, REUTERS, ” Reuters, Lowell, Justice Department, San, Federal Bureau of Prisons, Twitter, U.S, District, Trump Locations: Fayetteville , North Carolina, U.S, Berkeley , California, San Francisco, Washington, Malaysian
World Health Organization officials on Friday warned that, though rare, recent data suggests people who were once infected with the coronavirus could be infected again as their antibody response wanes. Reinfection means that a person was infected with the virus, recovered, and then later became infected again, according to the U.S. Centers for Disease Control and Prevention. Based on the CDC's experience with other viruses, Covid-19 reinfections are expected, the agency said. "In some people, it may wane after a few months but we do get a good indication that natural infection immune response is lasting for some months," Van Kerkhove said. "It doesn't mean that it's happening a lot; we know that it's possible," Van Kerkhove said during a live Q&A session on Aug. 26.
Persons: we're, Dr, Mike Ryan, Maria Van Kerkhove, Van Kerkhove, Covid, — CNBC's Sam Meredith Organizations: Health, U.S . Centers for Disease Control, Oxford University Hospitals, STAT, WHO Locations: Geneva, Hong Kong
Children and young teens could get a Covid-19 vaccine in the second half of next year, an advisor for the Centers for Disease Control and Prevention said Friday. Dr. Jose Romero, the chair of the CDC's Advisory Committee for Immunization Practices, said he hopes to see trials testing Covid-19 vaccines in young children beginning in the second quarter of 2021. Romero's comments came three days after his committee voted 13-1 to prioritize the first vaccine doses for health-care workers and long-term care facility residents. Medical experts have previously advocated for health-care workers to get the vaccine first, followed by vulnerable Americans, including the elderly, people with preexisting conditions and essential workers. About 75% of health-care workers are women, according to a presentation during the meeting, and 330,000 of them are pregnant.
Persons: Dr, Jose Romero, it's, Stephane Bancel, immunized, Alex Azar Organizations: Centers for Disease Control, Prevention, MSNBC, Pfizer, Food and Drug Administration, Moderna, CNBC, Health, Human Services Locations: CDC's, United States
In Alameda County, the limitations will start Monday, and in Marin, they will take effect Tuesday, Bay Area officials said. The FDA-approved home test developed by Fulgent Genetics can be mailed to residents within two days of a request. After the test is taken, it can be dropped in a FedEx box and results returned by email in another two days, county officials said in a statement. Leabe Commisso said her block usually throws Christmas and New Year’s parties but had to call off that tradition this year due to the pandemic. Coaches can access the facility but must work in their own offices and can't conduct meetings except virtually.
Persons: Contra Costa, Gavin Newsom, San Francisco Mayor London Breed, can’t, Kelly Ann Hotchkin, “ We've, ” Hotchkin, Leabe Commisso, , you’re, ” Commisso Organizations: Bay, Gov, San Francisco Mayor, FDA, Fulgent, FedEx, of Public Health, Congress, NBC News, NFL, The Associated Press Locations: California's Bay, Alameda, Contra, Marin, San Francisco, Santa Clara, Berkeley, Alameda County, Los Angeles, COVID, Hamilton , New Jersey, Baltimore, Dunkirk
Bay Area adheres to stay-at-home orders before state mandates them
  + stars: | 2020-12-04 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +6 min
SEE NEW POSTSBay Area adheres to stay-at-home orders before state mandates them Five counties in California's Bay Area announced Friday they would impose regional shutdown orders ahead of an expected move by the state to do the same. In Alameda County, the limitations will start Monday, and in Marin, they will take effect Tuesday, Bay Area officials said. Officials said the region's intensive care capacity had not yet fallen below 15 percent, the trigger for the state's stricter stay-at-home orders announced Thursday by Gov. But Bay Area officials said in a statement that reaching threshold was "inevitable." After the test is taken, it can be dropped in a FedEx box and results returned by email in another two days, county officials said in a statement.
Persons: Contra Costa, Gavin Newsom, San Francisco Mayor London Breed, can’t, Kelly Ann Hotchkin, “ We've, ” Hotchkin, Leabe Commisso, , you’re, ” Commisso, Pelosi, Nancy Pelosi, Mitch McConnell, Read Organizations: Bay, Gov, San Francisco Mayor, FDA, Fulgent, FedEx, of Public Health, Congress, NBC News, NFL, The Associated Press, WASHINGTON Locations: California's Bay, Alameda, Contra, Marin, San Francisco, Santa Clara, Berkeley, Alameda County, Los Angeles, COVID, Hamilton , New Jersey, Baltimore, Dunkirk, Ky
California Street, usually filled with iconic cable cars, is seen mostly empty in San Francisco, California on March 17, 2020. San Francisco Bay Area health officials announced on Friday that they would implement California's new stay-at-home order early, even though they haven't reached the state's threshold triggering the new restrictions. "Today is a really tough day," San Francisco Mayor London Breed said during a press briefing. Gavin Newsom said the state would be split into five regions — the Bay Area, Greater Sacramento, Northern California, San Joaquin Valley and Southern California. If the remaining ICU capacity in a region falls below 15%, it will trigger a three-week stay-at-home order, Newsom said.
Persons: haven't, San Francisco Mayor London Breed, Gavin Newsom, Newsom, Contra Costa Organizations: San Francisco Mayor London, Schools, Health Locations: California, San Francisco , California, San Francisco Bay, Greater Sacramento, Northern California, San Joaquin Valley, Southern California, Alameda, Contra, Marin, San Francisco, Santa Clara, Berkeley, Bay, Santa Cruz , Monterey , Napa, San Mateo, Solano, Sonoma
Oregon doctor's license revoked over refusal to wear mask
  + stars: | 2020-12-04 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +7 min
SEE NEW POSTSOregon doctor's license revoked over refusal to wear mask The medical license of an Oregon doctor who refused to wear a face mask despite the ongoing coronavirus pandemic has been revoked weeks after a video surfaced of him dismissing Covid-19 as a "common cold." 1 cause of death in the United States of America this week." The United States recorded 2,802 virus-related deaths Thursday and 279,224 since the pandemic began, according to an NBC News tally. The advice came in a "Summary of Guidance" that addresses how the United States can fight back against a deadly December spike in Covid-19 cases. China's claim to progress comes as the United States braces for distribution challenges.
Persons: Covid, Steven LaTulippe, Donald Trump, Benjamin Haynes, We’ve, Puerto Rico —, Adrien Williams, Brenda Quijano, Williams, burdening, Yang Zhanqiu, Tao Lina, Johnson, Alex Gorsky, Alex Azar, Betsy DeVos, Jan, ” DeVos, Contra Costa, Gavin Newsom, San Francisco Mayor London Breed Organizations: Capitol, Oregon Medical, University of Washington, Institute for Health Metrics, Washington, United, NBC, CDC, U.S . Centers for Disease Control, National Guard, Puerto Rico’s Department of Justice, Puerto Ricans, Wuhan University, China's Global Times, Health, Human Services, Federal, Bay, Gov, San Francisco Mayor Locations: Oregon, Salem, United States, America, Puerto Rico, U.S, Puerto Rico’s, Lake Elsinore , California, South Carolina, China, Covid, Shanghai, California's Bay, Alameda, Contra, Marin, San Francisco, Santa Clara, Berkeley, Alameda County
Covid now leading cause of death in U.S., researchers say
  + stars: | 2020-12-04 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +7 min
SEE NEW POSTSCovid now leading cause of death in U.S., researchers say Covid-19 is now the leading cause of death in the United States, researchers at the University of Washington said Friday. 1 cause of death in the United States of America this week." The United States recorded 2,802 virus-related deaths Thursday and 279,224 since the pandemic began, according to an NBC News tally. The advice came in a "Summary of Guidance" that addresses how the United States can fight back against a deadly December spike in Covid-19 cases. China's claim to progress comes as the United States braces for distribution challenges.
Persons: Benjamin Haynes, We’ve, Puerto Rico —, Adrien Williams, Brenda Quijano, Williams, burdening, Yang Zhanqiu, Tao Lina, Johnson, Alex Gorsky, Alex Azar, Betsy DeVos, Jan, ” DeVos, Contra Costa, Gavin Newsom, San Francisco Mayor London Breed Organizations: University of Washington, Institute for Health Metrics, Washington, United, NBC, CDC, U.S . Centers for Disease Control, National Guard, Puerto Rico’s Department of Justice, Puerto Ricans, Wuhan University, China's Global Times, Health, Human Services, Federal, Bay, Gov, San Francisco Mayor, FDA, Fulgent, FedEx, of Public Health Locations: United States, America, Puerto Rico, U.S, Puerto Rico’s, Lake Elsinore , California, South Carolina, China, Covid, Shanghai, California's Bay, Alameda, Contra, Marin, San Francisco, Santa Clara, Berkeley, Alameda County, Los Angeles, COVID
CDC emphasizes 'universal mask use' — even indoors
  + stars: | 2020-12-04 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +8 min
SEE NEW POSTSCDC emphasizes 'universal mask use' — even indoors The U.S. Centers for Disease Control and Prevention on Friday emphasized that Americans should wear masks everywhere and anywhere — even indoors. "Face mask use is most important in indoor spaces and outdoors when physical distance of [plus or minus] 6 feet cannot be maintained," the CDC said Friday. CDC spokesman Benjamin Haynes said the guidance didn't represent new advice, but he admitted its emphasis on indoor use could be novel for many Americans. "We’ve been urging universal mask use since July," he said. Share this -China poised to deliver 600 million vaccine doses, state media says Chinese state media claimed Friday that the government could deliver 600 million doses of Covid-19 vaccine by the end of the month.
Persons: Benjamin Haynes, We’ve, Puerto Rico —, Adrien Williams, Brenda Quijano, Williams, burdening, Yang Zhanqiu, Tao Lina, Johnson, Alex Gorsky, Alex Azar, Betsy DeVos, Jan, ” DeVos, Contra Costa, Gavin Newsom, San Francisco Mayor London Breed, can’t, Kelly Ann Hotchkin, “ We've, ” Hotchkin Organizations: CDC, U.S . Centers for Disease Control, National Guard, Puerto Rico’s Department of Justice, Puerto Ricans, Wuhan University, China's Global Times, Health, Human Services, Federal, Bay, Gov, San Francisco Mayor, FDA, Fulgent, FedEx, of Public Health, Congress, NBC News Locations: United States, Puerto Rico, U.S, Puerto Rico’s, Lake Elsinore , California, South Carolina, China, Covid, Shanghai, California's Bay, Alameda, Contra, Marin, San Francisco, Santa Clara, Berkeley, Alameda County, Los Angeles, COVID, Hamilton , New Jersey
Del Taco is paying $1.25 million to settle a sexual harassment lawsuit. The complaint included multiple examples of Del Taco employees being subjected to sexual harassment and unwelcome physical contact from male managers and coworkers. In Monday's settlement, Del Taco agreed to pay $1.25 million, which the EEOC will distribute among former workers (who have remained anonymous). Sexual harassment is a massive problem in the restaurant industryMcDonald's has faced dozens of sexual harassment complaints from workers. Del Taco workers are not alone in facing sexual harassment on the job.
Persons: Del, Del Taco, McDonald's, Noam Galai, Devita Davison, Davison Organizations: Del Taco, Employment Opportunity Commission, Court, Central, Central District of, Former Hamburger University, UC Berkeley Food Labor Research Center Locations: Del Taco, Central District, Central District of California
The U.K. this week became the first country to authorize Pfizer's coronavirus vaccine for emergency use, likely adding pressure on the U.S. Food and Drug Administration to quickly do the same. To be sure, the U.S. and the U.K. review vaccines differently. Pfizer submitted its vaccine data to the FDA on Nov. 20. Additionally, the U.K. has been sharply criticized for approving Pfizer's vaccine so quickly. Dr. Anthony Fauci, the nation's leading infectious disease expert, told Fox News that the U.K. did not review Pfizer's data "carefully."
Persons: Paul Offit, Willis, Offit, Anthony Fauci Organizations: U.S . Food, Drug Administration, Pfizer, FDA, Products Advisory, Vaccine Education, Children's Hospital of Philadelphia, Merck, Sears, Sears Tower, Centers for Disease Control, Fox News Locations: U.S, Chicago
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, attends a briefing by the White House coronavirus task force in the Brady press briefing room at the White House in Washington, U.S., November 19, 2020. White House coronavirus advisor Dr. Anthony Fauci criticized the U.K.'s authorization of Pfizer's Covid-19 vaccine, saying the review was done in a "much less deep" way than would have been done by the U.S. Food and Drug Administration. The U.K. authorized Pfizer's vaccine with BioNtech on Wednesday, becoming the first country to do so. The U.S. and the U.K. review vaccines differently, however. A rolling review is a tool that regulators use to speed up the assessment of promising drugs or vaccines.
Persons: Anthony Fauci, Brady, Dr, Pfizer's, they've, Fauci, Stephen Hahn, hasn't, Paul Offit, Donald Trump, Barack Obama, George W, Bush, Bill Clinton Organizations: National Institute of Allergy, Diseases, White, U.S . Food, Drug Administration, Sky News, FDA, Medicines, Healthcare Regulatory Agency, Pfizer, Products Advisory Locations: Washington , U.S, United States, U.S
The company has repeatedly said publicly that it planned to ship 50 million vaccine doses this year and up to 1.3 billion doses by the end of 2021. Still, Pfizer shares fell more than 2% in intraday trading Thursday before closing down more than 1% after the report published. The company plans to ship frozen vials of the vaccine to vaccination points from its sites in Kalamazoo, Michigan, and Puurs, Belgium. Pfizer announced on July 22 that the U.S. agreed to buy 100 million doses of its vaccine for up to $1.95 billion. The agreement, part of the Trump administration's vaccine program Operation Warp Speed, allows the U.S. to acquire an additional 500 million vaccine dosesOn Wednesday, the U.K. authorized Pfizer's vaccine, becoming the first country to do so.
Persons: Pfizer, drugmaker Organizations: Pfizer, Street, Centers for Disease Control, Prevention, Food and Drug Administration, Federal Aviation Administration, Trump Locations: U.S, Europe, Kalamazoo , Michigan, Puurs, Belgium
A federal judge in Washington unsealed heavily redacted court documents on Tuesday that disclosed the existence of the investigation into possible unregistered lobbying and bribery. The people said it concerned efforts by the lawyer for Mr. Kushner, Abbe Lowell, and the fund-raiser, Elliott Broidy, who pleaded guilty in October to a charge related to a different scheme to lobby the Trump administration. Under the suspected scheme, Mr. Diller would make “a substantial political contribution” to an unspecified recipient in exchange for the pardon. He died in February 2018, and there is no evidence that the effort continued after his death. They did not say who made the contact or how the White House responded.
Persons: President Trump, Jared Kushner, Kushner, Abbe Lowell, Elliott Broidy, Trump, Sanford Diller, Hugh L, Baras, Diller Organizations: White Locations: Washington, San Francisco, Berkeley
Pfizer-BioNTech seeks full marketing approval from UK for COVID-19 vaccine
  + stars: | 2020-12-02 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Vials with a sticker reading, "COVID-19 / Coronavirus vaccine / Injection only" and a medical syringe are seen in front of a displayed Pfizer logo in this illustration taken October 31, 2020. REUTERS/Dado Ruvic/File PhotoLONDON (Reuters) - Pfizer is seeking full marketing authorisation from Britain for its COVID-19 vaccine, an executive said on Wednesday as the U.S. drugmaker gears up to deliver by the weekend the first shots following approval for emergency use in the country. The application for full approval is “in parallel” with emergency use, said Berkeley Phillips, medical director of Pfizer UK, in a briefing. He said regulators will review the same data provided for the emergency use by Pfizer and its partner and BioNTech for the full approval. Regulators will assess each batch of the vaccine for quality.
Persons: Dado, Berkeley Phillips Organizations: Pfizer, REUTERS, Regulators Locations: Britain
The U.S. should be able to distribute enough coronavirus vaccine doses to immunize 100 million people by the end of February, President Donald Trump's Covid-19 vaccine czar said Wednesday. Officials plan to ship 12.5 million doses of Moderna's vaccine following an emergency authorization, he added. The briefing Wednesday came as states prepare to distribute a Covid-19 vaccine in as little as two weeks. There are roughly 21 million health-care workers and 3 million long-term care facility residents in the United States, according to the CDC. Medical experts have previously advocated for health-care workers to get the vaccine first, followed by vulnerable Americans -- the elderly, people with preexisting conditions and essential workers.
Persons: Donald Trump's Covid, Moncef Slaoui, Johnson, Slaoui, Gustave Perna, Perna, Nancy Messonnier Organizations: Trump, Food and Drug Administration, Army, Moderna, Pfizer, FDA, Covid, for Disease Control, CDC, Medical, CDC's National Center Locations: U.S, United States
Former President Barack Obama speaks in support of Democratic presidential nominee Joe Biden during a drive-in rally at the Florida International University on November 02, 2020 in Miami, Florida. Former President Barack Obama said Wednesday that he will take a coronavirus vaccine once one is available and may film it to build confidence in the U.S. about vaccine safety. Medical experts point to a long-debunked study published by British researchers in 1998 linking measles vaccines to autism in children. Obama said he would take a vaccine if Dr. Anthony Fauci, the nation's leading infectious disease expert, said it was safe. Obama said he anticipates that the vaccine will be first made available to those most at risk.
Persons: Barack Obama, Joe Biden, SiriusXM's, Joe Madison, Donald Trump, Obama, Anthony Fauci, you've Organizations: Democratic, Florida International University, Tuskegee, Moderna, Pfizer, FDA, for Disease Control Locations: Miami , Florida, U.S, British
Pfizer, BioNTech apply for coronavirus vaccine approval in Europe
  + stars: | 2020-12-01 | by ( Holly Ellyatt | ) www.cnbc.com + 0.00   time to read: +2 min
U.S. pharmaceutical giant Pfizer and its German partner BioNTech said they have applied to the European Medicines Agency for the conditional marketing authorization of their coronavirus vaccine. If the authorization is granted, it could potentially enable use of Pfizer and BioNTech's vaccine in Europe before the end of 2020, BioNTech said in a press release. "We have known since the beginning of this journey that patients are waiting, and we stand ready to ship Covid-19 vaccine doses as soon as potential authorizations will allow us." The news comes almost two weeks after Pfizer and BioNTech said that final data analysis from the late-stage clinical trial of their coronavirus vaccine showed it was 95% effective in preventing Covid-19 infection. Rival drugmaker Moderna said Monday it will request emergency clearance from the FDA for its coronavirus vaccine after new data confirmed the vaccine was more than 94% effective in preventing Covid-19 and was safe.
Persons: BioNTech, Dr, Albert Bourla, drugmaker Moderna, CNBC's Berkeley Lovelace Organizations: Research Centers of America, Pfizer, European Medicines Agency, CMA, U.S . Food, Drug Administration, FDA, drugmaker Locations: Hollywood , Florida, U.S, Europe, Covid
Analysts have debated whether Zoom's 200% rally from the market's March lows is sustainable as COVID-19 vaccines near distribution and revenue growth slightly weakens. Zoom Video tumbled as much as 14% on Tuesday after its third-quarter report hinted its incredible revenue growth will weaken through the end of the year. Yet Zoom's projections show a slight slowdown in revenue growth into 2021. The high end of Zoom's revenue guidance implies growth of roughly 330% from the year-ago period. Public health officials have indicated widespread vaccine distribution will be achieved in 2021, leading some analysts to question whether Zoom's high valuation is sustainable.
Persons: Nathan Frandino, Zoom, Guggenheim Organizations: University of California, RBC, Public, Investors, Markets, Labor Department Locations: Berkeley, COVID
President Donald Trump's coronavirus vaccine czar said Tuesday that Pfizer and Moderna's Covid-19 vaccines are safe, with only 10% to 15% of volunteers reporting side effects that were "significantly noticeable." The side effects, which come from the vaccine shots, can last up to a day and a half, said Dr. Moncef Slaoui, who is leading the Trump administration's Covid-19 vaccine program Operation Warp Speed. Slaoui's comments come as states prepare to distribute a Covid-19 vaccine in as little as two weeks. Participants in Moderna and Pfizer's coronavirus vaccine trials told CNBC in September that they were experiencing high fever, body aches, bad headaches, daylong exhaustion and other symptoms after receiving the shots. When you do, it's normal to have some arm soreness or fatigue, some body aches and maybe even a fever.
Persons: Donald Trump's, Moderna's, Moncef Slaoui, who've, Dr, Sandra Fryhofer, they've, Slaoui, Patsy Stinchfield, drugmakers Organizations: Pfizer, Trump, Washington Post, for Disease Control, U.S, CDC, American Medical Association, Moderna, CNBC Locations: Moderna, Minnesota
This vaccine candidate developed against the novel coronavirus (COVID-19) pandemic by the U.S. Pfizer and German BioNTech company. If enough get immunized, he said the U.S. "should have this pandemic under control in the second half of 2021." "Very quickly we'll start having more than 150 million doses a month in March, April, May," Slaoui said. However, a lot more vaccine doses will be required to inoculate nearly 8 billion people around the globe and achieve so-called herd immunity. "That I think is reassuring because between that and the other vaccines being developed, I would hope by early 2022 or middle 2022 most of the world will have been immunized," Slaoui said.
Persons: Slaoui, Johnson, Novavax, CNBC's Berkeley Lovelace Jr Organizations: Ankara University, Sina, U.S, Pfizer, German, Covid, Trump, Washington Post, Moderna, U.S . Food, Drug Administration, for Disease Control, AstraZeneca, Johnson, FDA, World Health Organization Locations: Ankara, Turkey, U.S
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