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U.K. Health Minister Matt Hancock apologizes over photo of him kissing his top aide
  + stars: | 2021-06-25 | by ( ) www.nbcnews.com sentiment -1.00   time to read: +2 min
LONDON — Britain's Health Minister Matt Hancock apologized on Friday and accepted he had breached social-distancing guidance after a tabloid newspaper published a picture of him kissing and embracing his top aide in his office. I have let people down and am very sorry," Hancock, who is married, said in a statement. The Sun said the picture of Hancock and the aide was taken last month. The Rupert Murdoch-owned tabloid said Hancock met the aide at Oxford University in the early 2000s. Asked about the appropriateness of appointing friends to positions in government, Transport Minister Grant Shapps told U.K. broadcaster Sky News that "very strict rules" were in place.
Persons: Matt Hancock, Hancock, Rupert Murdoch, Grant Shapps, Shapps Organizations: Britain's, Sun, Reuters, Oxford University, NBC, Labour Party, Ministers, Labour, Transport, Sky
Black Voters Matter has embarked on what the national advocacy and policy group has christened a Freedom Ride for Voting Rights. Its goals, BVM co-founders LaTosha Brown and Cliff Albright note, are threefold: to amplify the need for federal voting rights legislation, build Black voting power, and advocate for Washington, D.C., statehood. People gather during the launch of the "Freedom Ride for Voting Rights" in Jackson, Miss., on June 19, 2021. Founded in 1869, the historically Black college became one of the epicenters of the civil rights movement. “Amen!”Barbara Arnwine, a lawyer, updated the crowd on voting rights legislation before Congress.
Persons: JACKSON, , they’ve, , Woodrow Wilson, BVM, LaTosha Brown, Cliff Albright, , Brown, Albright, Eric J, shelton, Medgar Evers, Martin Luther King Jr, Fannie Lou Hamer, Stokely Carmichael, Julian Bond, Tougaloo, Shelton, John Lewis, James Farmer, James Brown, Pastor Wendell Paris Sr, Isaiah, Kathy Sykes, Barbara Arnwine, Holder, Arnwine, , We’ve, ” Brown, You’ve, Dustin Chambers, Reuters Albright, “ Nat Turner, Harriet Tubman, “ ashe ”, they’re, We’re, Fred Shuttlesworth, Addie Mae Collins, Carole Robertson, Cynthia Wesley, Denise McNair —, Kelly Ingram, King, Randall Woodfin, Novella Paige Organizations: Miss, Black Voters, Woodrow, Tougaloo College, Washington, D.C, Republican, Reuters, Washington , D.C, Freedom Riders, NAACP, Riders, Racial, . Riders, Greyhound, Owens Health, Wellness Center, John Lewis Voting, Coalition, Ebenezer Baptist Church, Student Nonviolent, Southern Christian Leadership Conference, Birmingham Civil Rights Institute, Baptist Church, Ku Klux Klan, Kelly Ingram Park, Capitol, Republicans, American, Facebook, Twitter Locations: America, Georgia, , Selma, Alabama, Bronx, New York City, Jackson, Miss, Gulf, Carolinas , Tennessee, Virginia, West Virginia, Washington ,, Paris, Mississippi, Shelby, Washington, Ebenezer, Atlanta, Birmingham , Alabama, Birmingham, Tennessee
Patients with lingering Covid-19 symptoms should wait even longer, the study suggested. Some experts said seven weeks is too arbitrary a threshold for scheduling surgery for patients who have had Covid-19. The operation to be performed, patients’ medical conditions and the risk of delaying surgery should all be factored in. Oregon Health and Sciences University clinicians developed a protocol a year ago for clearing any patient who had Covid-19 for elective surgery. If the assessment raises no red flags, patients can be cleared for surgery once they have waited the minimum seven weeks since their Covid-19 diagnosis.
Persons: Brian Colvin, Colvin, he’ll, ” Colvin, I’ve, , Don Goldmann, , Kenneth Sharp, Beverly Philip, Avital, “ I’ve, O’Glasser, don’t, We’re, Jeffrey Drebin, hasn’t, it’s, It’s Organizations: Harvard Medical School, Institute for Healthcare, Regents, American College of Surgeons, Department, Surgery, Vanderbilt University Medical, American Society of Anesthesiologists, Safety Foundation, Oregon Health, Sciences University, NBC, McKinsey, Memorial Sloan Kettering Cancer Center, Twitter, Facebook Locations: Portland, New York, Crest Hill , Illinois, Chicago
India Warns of New Versions of Delta Variant Spreading
  + stars: | 2021-06-25 | by ( Shan Li | ) www.wsj.com sentiment -1.00   time to read: +1 min
NEW DELHI—India is warning about new versions of the highly infectious Delta variant of the coronavirus that are spreading around the country, containing a mutation that the original didn’t have. Indian officials have dubbed new versions of the variant containing the mutation Delta Plus. Indian officials have been closely monitoring the Delta variant, which fueled the country’s ferocious Covid-19 surge in April and May. India has detected about 50 cases of Delta Plus so far through genomic sequencing. Scientists say there is no evidence that Delta Plus is significantly more transmissible or deadlier than the original variant.
Persons: , Anurag Agrawal Organizations: Public Health, Delta, CSIR, of Genomics Locations: DELHI, India, U.S, Japan, Public Health England
REUTERS/Thomas PeterSHANGHAI, June 25 (Reuters) - The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study showed on Friday. China's first official COVID-19 case was in December 2019 and was linked to Wuhan's Huanan seafood market. In a paper released in preprintform this week, Jesse Bloom of the Fred Hutchinson Cancer Research Center in Seattle recovered deleted sequencing data from early COVID-19 cases in China. Critics said the deletion was further evidence that China was trying to cover up the origins of COVID-19. "Why would scientists ask international databases to delete key data that informs us about how COVID-19 began in Wuhan?"
Persons: Thomas Peter SHANGHAI, China's, Jesse Bloom, Fred, Critics, Alina Chan, Dominic Dwyer, COVID, Stuart Turville, David Stanway, Raju Gopalakrishnan Organizations: World Health Organization, WHO, REUTERS, Britain's University of Kent, Fred Hutchinson Cancer Research Center, The U.S, National Institutes of Health, Reuters, Harvard's Broad Institute, Twitter, Westmead, Kirby Institute, University of Kent, Thomson Locations: Baishazhou, Wuhan, Hubei province, China, Seattle, The
Medical workers in Indonesia are grappling with the pressure of caring for Covid-19 patients while quickly vaccinating the country's residents as infections increase, according to a global health and humanitarian relief organization. "Health care workers in Indonesia are struggling with a double burden," said Edhie Rahmat, executive director for Indonesia at Project HOPE, short for Health Opportunities for People Everywhere. First, they have to take care of both Covid patients and patients with other diseases. Total infections crossed the 2 million threshold on Monday, according to data compiled by Johns Hopkins University. Meanwhile, around 8.9% of Indonesia's population has received at least one dose of a Covid vaccine, and 4.6% of the country is fully vaccinated, according to Our World in Data.
Persons: Edhie Rahmat Organizations: CNBC, Johns Hopkins University . Locations: Indonesia
Residents receive vaccines against the coronavirus disease (COVID-19) at a makeshift vaccination site in Guangzhou, Guangdong province, China June 21, 2021. cnsphoto via REUTERSBEIJING, June 25 (Reuters) - Antibodies triggered by two Chinese COVID-19 vaccines are less effective against the Delta variant compared with other strains but the shots still offer protection, a Chinese disease control researcher told state media. The Delta variant of the new coronavirus, first detected in India, is becoming the globally dominant variant of the disease with its increased transmissibility, the World Health Organization's chief scientist warned last week. It remains unclear how many of them contracted the Delta variant. About 85% of the Guangdong cases in the latest outbreak were found in the provincial capital, Guangzhou. "In the Guangdong outbreak ... none of those vaccinated infections became severe cases, and none of the severe cases were vaccinated," Feng said.
Persons: Feng Zijian, Feng, Sinopharm, Roxanne Liu, Ryan Woo, Stephen Coates Organizations: cnsphoto, REUTERS, Health Organization's, China Central Television, Chinese Center for Disease Control, Sinovac Biotech, Thomson Locations: Guangzhou, Guangdong province, China, REUTERS BEIJING, India, Brazil, Bahrain, Chile, Guangdong
Japan to give 6 mln doses of vaccines to Taiwan, 5 SE Asia nations
  + stars: | 2021-06-25 | by ( ) www.reuters.com + 0.00   time to read: +2 min
A medical worker receives a dose of the vaccine against the coronavirus disease (COVID-19) at the Tokyo Metropolitan Cancer and Infectious Diseases Center Komagome Hospital in Tokyo, Japan March 5, 2021. read moreJapan donated 1.24 million doses to Taiwan and 1 million to Vietnam this month and plans to share an additional 1 million doses each with the two. A Taipei-based official familiar with Japan's two vaccine donations said while the Japanese government has been subtle in its offers, mainly focusing on Taiwan's urgent medical need, there was a broader message. The island, which China claims as its own territory, also received 2.5 million vaccine doses from the United States this month. Its foreign minister, Toshimitsu Motegi, said on Friday Japan would start to supply 11 million doses in total to regions including Southeast Asia, Southwest Asia and the Pacific islands through the COVAX from mid-July.
Persons: Yoshikazu, Toshimitsu Motegi, Nobuhiro Kubo, Elaine Lies, Jacqueline Wong Organizations: Tokyo Metropolitan Cancer, Infectious Diseases, Komagome Hospital, REUTERS, AstraZeneca Plc's, World Health Organization, Japan, AstraZeneca, Thomson Locations: Tokyo, Japan, REUTERS TOKYO, Taiwan, Vietnam, Thailand, Malaysia, Indonesia, Philippines, Asia, Gavi, COVAX, Taipei, China, Beijing, United States, Southeast Asia, Southwest Asia
Bhutan became a constitutional monarchy in 2008 when the king relinquished his absolute powers. In recent weeks, the king walked for five days on a trail passing through elevations of up to 4,343 m (14,250 ft) to thank primary health workers in remote areas. A father of two boys, after every trip the king checks into a hotel in capital Thimphu to follow quarantine protocols. Bhutan, an ancient kingdom sealed off to foreigners until the 1970s, has just one doctor available for every 2,000 people. Reporting by Gopal Sharma in Kathmandu and Rupam Jain in Mumbai; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.
Persons: Jigme Khesar Namgyel Wangchuck, King Jigme Khesar Namgyel, Lotay Tshering, Tshering, Rui Paulo de Jesus, Gopal Sharma, Tom Hogue Organizations: Royal Office for Media, Reuters, Oxford, Facebook, World Health Organization, AstraZeneca, Thomson Locations: Bumthang, Bhutan, KATHMANDU, India, China, Thimphu, Kathmandu, Mumbai
UK Health Secretary Matt Hancock had an affair with an aide he hired on a £15,000 contract, The Sun reported. Hancock was pictured embracing Gina Coladangelo, a close friend from university who he hired. A Labour spokesperson said when "jobs are being offered to close friends who are in a personal relationship with a minister, then that needs to be looked into." Hancock, who is married, secretly hired former lobbyist Coladangelo as an adviser last year, The Sunday Times previously reported. Less than two weeks later, Hancock urged British people to minimise indoor contact with others to prevent the spread of COVID-19.
Persons: Matt Hancock, Hancock, Gina Coladangelo, Coladangelo, Catherine Haddon, Grant Shapps, who's Organizations: Sun, Labour, Service, Department for Health, Sunday Times, Oxford University, Department of Health, Institute for Government, Transport Locations: British, COVID
Live Covid-19 Live Updates: More U.S. States Try Lotteries to Tackle Vaccine Hesitancy Louisiana, where the inoculation rate has lagged significantly behind the national average, is among the latest to dangle cash prizes and scholarships in return for getting a shot. Six of the bottom eight states are in the South: They include Alabama, Arkansas, Georgia and Tennessee. The Biden administration has made a concerted push to overcome vaccine hesitancy, particularly in the South. In some states, he said, the lotteries coincided with making the vaccine available to teenagers, which could skew the numbers. He suggested comparing the vaccination rates in states with lotteries to those without them.
Persons: John Bel Edwards, Donna Edwards, Hilary Scheinuk, Edwards, , we’ve, they’ve, ” Mr, Biden, Jill Biden, Mike DeWine, DeWine, Mr, Dr, Mark Fendrick, , Fendrick, , Kate Brown, Charles Boyle, Brown, Boyle, ” Daniel E, Slotnik, Loren Elliott, Gladys Berejiklian, Dan Balilty, Chezy Levy, Anat Danieli, caseload, Naftali Bennett, Nachman Ash Organizations: States, Gov, Associated Press, New York Times, University of Michigan Center, Michigan, Oregonian, New, , ., The New York Times, Health Ministry, Pfizer, BioNTech, Oxford University, Israel’s Tourism Ministry Locations: Louisiana, Mississippi, Alabama , Arkansas, Georgia, Tennessee, North Carolina, Ohio, California , Illinois, Maryland, New Mexico, Washington, In Oregon, Oregon, , Oregon, Sydney, Australia’s, Australia, Credit, New South Wales, Israel, Tel Aviv, The New York Times JERUSALEM, Moderna
Digitization is the future for India's health-care sector: Apollo Hospitals
  + stars: | 2021-06-25 | by ( ) www.cnbc.com + 0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigitization is the future for India's health-care sector: Apollo HospitalsSuneeta Reddy at Apollo Hospitals discusses the digital services they have put in place to ensure the hospital chain is "moving closer to the consumer."
Persons: Suneeta Reddy Organizations: Apollo, Apollo Hospitals
UK records 35,204 new 'Delta' COVID cases in latest week
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -0.95   time to read: 1 min
LONDON, June 25 (Reuters) - Britain has reported 35,204 new cases of the Delta coronavirus variant in the latest week, taking the total number of confirmed cases to 111,157, Public Health England said on Friday. The Delta variant now comprises 96% of sequenced cases, Public Health England said, adding that vaccines were still effective at providing protection against risk of hospitalisation. Public Health England said it had designated a new variant, Lambda, with six cases detected between Feb. 23 and June 7 - of whom five had travelled overseas. Reporting by Andy Bruce, Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.
Persons: Andy Bruce, Paul Sandle Organizations: Public Health, Thomson Locations: Britain
WHO warns of 'humanitarian catastrophe' in Syria if no cross-border aid renewal
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
An aerial view shows tents at a camp for internally displaced people in northern Idlib, Syria, June 10, 2021. Picture taken with a drone June 10, 2021. REUTERS/Khalil AshawiGENEVA, June 25 (Reuters) - Failure to renew a cross-border aid operation into Syria which expires next month could result in a new "humanitarian catastrophe" for the country's rebel-held region in the northwest, a World Health Organization spokesman said on Friday. Christian Lindmeier told a Geneva news briefing that a failure of the U.N. Security Council to renew the mandate for another year on July 10 would make it impossible to deliver vaccines to the region, including COVID-19 vaccines. Reporting by Emma Farge; editing by Stephanie NebehayOur Standards: The Thomson Reuters Trust Principles.
Persons: Khalil Ashawi GENEVA, Christian Lindmeier, Emma Farge, Stephanie Nebehay Organizations: REUTERS, Health Organization, . Security, Thomson Locations: Idlib, Syria, Geneva
MORTON, Texas, June 25 (Reuters) - The phone rang non-stop in Emily Herrera's office at the Cochran Memorial Hospital. Complete, consistent data on the racial breakdowns of who has received the vaccine is not available from most states. 'NOT A HOAX'Reuters interviewed 14 unvaccinated people aged 36 and younger in Cochran County and neighboring Hockley County this week. Rebecca Weintraub, faculty director of the Global Health Delivery Project at Harvard University, said that even before COVID-19, vaccine hesitancy had been steadily increasing. Reporting by Brad Brooks in Morton, Texas; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
Persons: MORTON, Emily Herrera's, Herrera, Joe Biden, Biden, Morton, Kaiser, I'm, Michelle Martinez, Anthony Fauci, J, Johns Hopkins, Limaye, Rebecca Weintraub, hesitancy, Nick Honesto, it's, Brad Brooks, Grant McCool Organizations: Moderna, United States, Disease, Texas Department of State Health Services, CDC, Census, Kaiser Family Foundation, Reuters, Harvard University, Thomson Locations: Texas, Morton, West Texas, Austin, United, North Carolina, Cochran County, Cochran, Hockley County, United States, COVID, Morton , Texas
UK health minister pictured kissing aide; opposition wants appointment 'looked into'
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
Britain's Health Secretary Matt Hancock leaves his house, in London, Britain June 17, 2021. The Rupert Murdoch-owned Sun tabloid said the picture of Hancock, who is married, and the aide was taken last month. The Sun said Hancock met the aide at Oxford University in the early 2000s. Asked about the appropriateness of appointing friends to positions in government, Transport Minister Grant Shapps told Sky News that "very strict rules were in place. "In terms of the rules, anyone who has been appointed has to go through an incredibly vigorous process in government," Shapps said.
Persons: Matt Hancock, Henry Nicholls LONDON, Hancock, Rupert Murdoch, Grant Shapps, Shapps, Paul Sandle, Guy Faulconbridge, Mike Collett Organizations: REUTERS, British, Sun, Labour Party, Ministers, Labour, Reuters, Oxford University, Transport, Sky News, White, Thomson Locations: London, Britain
A top US public-health expert has warned COVID-19 cases in the US could spike within weeks. The US hadn't vaccinated enough people to stop the spread of the highly infectious Delta variant, Dr. Ashish Jha said. A top US public-health doctor has warned that the nation hasn't vaccinated enough people to stop a spike in cases from the Delta coronavirus virus. The Delta variant is spreading especially quickly in kids, who are unvaccinated — but it doesn't appear to be causing more severe COVID-19 than other variants. It's the latest warning from US experts that are using data from the UK to predict what might happen in the US as Delta cases rise.
Persons: COVID, Ashish Jha, Jha, Read, Anthony Fauci, Joe Biden's, Rochelle Walensky, BioNTech's, AstraZeneca's Organizations: Brown School of Public Health, Twitter, Delta, for Disease Control, Prevention, Pfizer, COVID Locations: COVID, Delta
More funds approved for COVAX vaccines, tighter access planned - statement
  + stars: | 2021-06-25 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
Workers offload the AstraZeneca/Oxford vaccines under the COVAX scheme against coronavirus disease (COVID-19) at the Aden Abdulle Osman Airport in Mogadishu, Somalia March 15, 2021. The total funds available to cover the cost of delivering the vaccines will rise to $925 million, GAVI said in a statement issued after a two-day board meeting. GAVI's board also set new terms for accessing vaccines, which will disincentivise middle-income nations from participating by insisting they pay for COVAX vaccines fully in advance next year. "Starting in 2022, the model will enable self-financing participants that rely on the facility to access doses to continue procuring vaccines through COVAX under revised terms and conditions," it said. However, the poorest countries, mostly in Africa and Southeast Asia, will keep the same conditions, with little or no costs to buy vaccines.
Persons: Omar GENEVA, GAVI, Stephanie Nebehay, Emma Farge Organizations: AstraZeneca, Oxford, REUTERS, World Health Organization, Reuters, Thomson Locations: Aden Abdulle Osman, Mogadishu, Somalia, India, Latin America, South Africa, Africa, Southeast Asia
Nearly 100 people are still unaccounted for in the small Miami Beach community. Scientists, however, have long noted the risk of building on the shifting sands of a barrier island like Miami Beach, especially with rising sea levels. Surfside’s mayor, Charles Burkett, told reporters that he often jogged by the condo building, which was built in the early 1980s. “I’ve been here since 1993, and I’ve never seen something like this happen,” Zalewski added, referring to Thursday’s condo collapse. ‘A real awakening’Another issue at hand for the Surfside community is one shared with all of Miami Beach: The towns are built on a barrier island.
Persons: Charles Burkett, Joe Raedle, ” Burkett, NBC’s, Kenneth Direktor, Becker, ” Direktor, Peter Zalewski, “ I’ve, I’ve, Zalewski, , Orrin Pilkey, Gilbert Gaul, , ” Pilkey, wouldn’t Organizations: Miami Herald, Miami, Miami Beach, Beach, Duke University, Coastal Management Locations: Surfside , Florida, Miami Beach, Surfside, Fla, Dade County, South Florida, Miami, Florida
Tiger Global-backed Bright Health valued at $10.6 bln in IPO
  + stars: | 2021-06-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
June 24 (Reuters) - Bright Health Group’s shares fell more than 5% in their New York Stock Exchange debut on Thursday, valuing the Tiger Global and Blackstone Group Inc backed health insurance startup at $10.6 billion. Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shinjini Ganguli Our Standards: The Thomson Reuters Trust Principles.
Persons: Health Group’s, Noor Zainab Hussain, Shinjini Organizations: Health, New York Stock, Tiger Global, Blackstone Group Inc, Thomson Locations: Bengaluru
A Florida police officer was critically wounded Wednesday night after scuffling with a motorist who sped from the scene, officials said. The Daytona Beach Police Department is offering a $100,000 reward "for anyone who can help authorities locate the man who shot one of our officers in the head," according to a statement from the agency. Police have offered $100,000 in reward for help locating the suspect, identified as 29-year-old Othal Wallace. via Daytona Beach Police DepartmentA scuffle ensued before the camera went dark, according to the 29-second clip posted by Daytona police. The suspect was identified as 29-year-old Othal Wallace, who fled after the shooting, possibly in a gray 2016 Honda HR-V with a California tag of 7TNX532.
Persons: Othal Wallace Organizations: Daytona Beach Police Department, Kingston, Police, Daytona, Halifax Health Medical Center Locations: Florida, Halifax, California
Temporary moratoriums have protected up to 40 million coronavirus-battered U.S. residents against a catastrophic spread of potential evictions. (The moratorium is currently set to expire at the end of June, although the federal officials are now reportedly looking to extend it.) Second, we need to treat housing as infrastructure, just as Canada, Australia and many European countries do. America needs to invest in cost-effective strategies to prevent housing-insecure families from becoming homeless in the first place by expanding recent successful efforts, like the existing Emergency Rental Assistance Program, which provides one-time, short-term emergency housing assistance to very low-income households that lack any cushion when facing a housing emergency. We can get more done, and more quickly, if we allow greater local flexibility to make existing federal housing programs more effective.
Persons: We’re, Biden Organizations: American Jobs Plan, American, America, Emergency Solutions, Urban Development, Veterans Affairs, Health, Human Services Locations: Oakland, Calif, Mesa, Ariz, America, United States, California, Canada, Australia, U.S
Hospital Stocks’ Rally Points to Post-Covid Growth
  + stars: | 2021-06-24 | by ( Brian Spegele | ) www.wsj.com + 0.77   time to read: +1 min
Hospital stocks have trounced the market this year, and the steps they took to get through the pandemic could keep the rally going. Hospitals were hit hard financially by the costs of Covid-19, which crimped their ability to do high-margin elective procedures. The financial turmoil of the past year in some respects has added to the urgency of changes that already were under way at publicly traded hospital operators. They have helped the shares of big hospital operators such as Tenet Healthcare Corp. and Community Health Systems Inc. significantly outperform the broader market this year. What began as a recovery rally for hospital stocks could now prove to be longer lasting, say analysts and industry investors.
Persons: Tenet Organizations: Tenet Healthcare Corp, Community Health Systems Inc, Community Health Systems, Healthcare Inc
Tiger Global-backed Bright Health raises $924 million in U.S. IPO
  + stars: | 2021-06-24 | by ( Echo Wang | ) www.reuters.com sentiment -0.98   time to read: +2 min
NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million. Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. Minneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S. Bright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.
Persons: Bob Sheehy, Rowe Price, Morgan, Goldman Sachs, Morgan Stanley, Organizations: YORK, Bright Health, Tiger Global, Blackstone Group Inc, Health Inc, Google, Inc, Clover Health Investments Corp, Bright, UnitedHealth Group, Tiger Global Management, Rowe Price Associates, Blackstone, Barclays, underwriters, New York Stock Exchange Locations: . Minneapolis, U.S
The stress tests gauge banks’ ability to maintain strong capital levels and keep lending to businesses and households in a severe recession. The Fed typically performs the test annually but added a second test last fall to account for pandemic-related stresses. Four smaller banks on a two-year stress test cycle opted into the test. But then the economy snapped back far quicker than banks or the stress test imagined. The stress tests were introduced following the financial crisis of 2008-09, when the U.S. government bailed out some of the largest financial institutions.
Persons: WASHINGTON, , Randal Quarles, WSJ's Jeffrey Sparshott, Goldman Sachs, Wells, Banks, Adele Morgan, Andrew Ackerman, David Benoit, david.benoit Organizations: Federal Reserve, Goldman Sachs, Inc, Wells, WFC, Fed, Capital, Barclays, Time, Federal Deposit Insurance Corp, Bank, Nasdaq Locations: Wells Fargo, U.S, andrew.ackerman
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