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The U.S. will restrict travel from South Africa and seven other countries, effective Monday — a response to the emerging and newly-named "Omicron" variant of Covid-19, according to a senior administration official. U.S. stocks fell Friday, with the Dow Jones Industrial Average closing its worst day of the year as news of the variant — first detected in South Africa, with cases also identified in Asia and Europe — prompted concerns about prolonged pandemic troubles. The World Health Organization convened for an emergency meeting, and the United Kingdom, the European Union and other countries announced they were restricting travel from the African continent. “What we do know is that this variant has a large number of mutations. The concern is that when you have so many mutations it can have an impact on how the virus behaves.”
Persons: Anthony Fauci, Joe Biden, Maria Van Kerkhove Organizations: U.S, Centers for Disease Control, Dow Jones, World Health Organization, European Union, WHO Locations: South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique, Malawi . U.S, Asia, Europe, United Kingdom
U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from from risk assets. The Dow Jones Industrial Average dropped 900 points, or 2.5 percent, while the S&P 500 and Nasdaq Composite slid 1.8 percent and 1.5 percent, respectively. The downward moves came after WHO officials on Thursday warned of a new Covid-19 variant that’s been detected in South Africa. The new variant contains more mutations to the spike protein, the component of the virus that binds to cells, than the highly contagious Delta variant. The Nasdaq is down 2.7 percent for the week, while the S&P 500 and Dow are off 1.8 percent and 1.9 percent, respectively.
Persons: I’m, ” CNBC’s Jim Cramer, Bitcoin, Paul Hickey, Ajene Oden, Organizations: Dow Jones, Nasdaq, WHO, Japan’s Nikkei, Carnival Corp, Royal, United Airlines, Delta Air Lines, American Airlines, Boeing, Marriott International, Bank, Bank of America, Citigroup, Caterpillar, Dow Inc, Chevron, Moderna, Pfizer, Netflix, CNBC, BNY Mellon Investor Solutions, Dow Locations: South Africa, United Kingdom, Israel, Hong Kong, Belgium, Botswana, Asia, Royal Caribbean
U.S. stock futures dropped in overnight trading on Thursday as investors geared up for a shortened trading day amid renewed Covid fears over a new variant found in South Africa. Futures for the Dow Jones Industrial Average fell more than 400 points, while those for the S&P 500 and the Nasdaq 100 were both in negative territory. The downward move in futures came after WHO officials on Thursday warned of a new Covid-19 variant that's been detected in South Africa. Bond yields tumbled amid the flight to safety. Oil prices also tumbled during Asia trading hours, with U.S. crude futures down 2.86% to $76.15 per barrel, while the South African rand weakened 1.6% against the greenback to 16.2141 per dollar.
Organizations: New York Stock Exchange, Futures, Dow Jones, Nasdaq, WHO, Japan's Nikkei Locations: South Africa, United Kingdom, Asia
The South African rand on Friday fell sharply against the dollar after a new variant with many mutations was detected in the country. The currency fell to as low as 16.2391 against the greenback during Asia trading hours on Friday and was last trading about 1.6% weaker at 16.2215 per dollar. The variant, called B.1.1.529, has been detected in South Africa in small numbers, according to the WHO. What we do know is that this variant has a large number of mutations. Hours following the announcement, the United Kingdom announced it would temporarily suspend flights from six African countries.
Persons: CNBC's, Adarsh Sinha, Dr, Maria Van Kerkhove, — CNBC's Hannah Miao Organizations: greenback, U.S, Bank of America Securities, World Health Organization, WHO Locations: Asia, South, Africa, South Africa, United Kingdom
It was the kind of half measure that climate activists worried would carry over to the COP26 summit, the recent United Nations climate talks in Glasgow. David Ritter, CEO of Greenpeace Australia Pacific, was also scathing in his criticism of how Australia fared at the climate summit. That's the Australian way," Taylor said in a joint statement with Marise Payne, the minister for foreign affairs, after the climate summit. His government's coalition partner, the National Party, is a strong supporter of the coal industry and made multiple attempts to block the net zero target, citing potential risks to the country's economy. Yet, Australia ranked last out of 60 countries for its policy response to the climate crisis in one assessment released at the COP26 summit.
Persons: Saeed Khan, Scott Morrison, COP26, Richie Merzian, Merzian, David Ritter, Morrison, Angus Taylor, Taylor, Marise Payne, Boris Johnson's, Christian Downie, Lisa Maree Williams Organizations: AFP, Getty, Australian, The Australia Institute, Glasgow, Greenpeace Australia Pacific, NBC, Mining, British, National Party, Australian National University, Lowy Institute, Macquarie Koala Hospital, Nature Australia, United Nations Locations: Singleton, Newcastle, Glasgow, Scotland, Nations, Australia, U.S, China, Sydney, British, Russia, Saudi Arabia, United Kingdom, United States, India, Turkey, Port Macquarie
(CNN Business) Amazon (AMZN) is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins. Labor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their right to join unions. The strikes have been called to coincide with Amazon's annual Black Friday event, which kicks off a four-day shopping bonanza that culminates in Cyber Monday. The action is part of a wider global protest organized by a group called Make Amazon Pay. The international coalition is also demanding that Amazon "pays its fair share of taxes and commits to real environmental sustainability."
Persons: Read Organizations: CNN, Labor, Amazon Locations: Europe, Germany, Italy, France, United States, Canada, Brazil, United Kingdom
Pfizer and BioNTech are investigating the new, heavily mutated variant of the virus that causes Covid-19, the companies said Friday morning. "We understand the concern of experts and have immediately initiated investigations on variant B.1.1.529," the companies said. Pfizer and BioNTech said they expect more data from lab tests in two weeks at the latest. Pfizer and BioNTech said they can adapt their mRNA vaccine within six weeks and start shipping batches within 100 days if an escape variant is identified. The strength of Pfizer-BioNTech's two-dose vaccine against infection has declined over time, although it's still highly effective at preventing hospitalization and death.
Persons: BioNTech, Johnson, J, , Anthony Fauci, Fauci, it's Organizations: Pfizer, United, European Commission, House, U.S . Centers for Disease Control Locations: Africa, South Africa, United Kingdom, U.S
He slammed other nations for "wanting to put blame" and ascribing the variant to South Africa rather than working collaboratively to address the situation as guided by the WHO. South Africa wants to be an honest player in the world, to share health info not just of benefit to South Africans and citizens of the world." The new variant, known as B.1.1.529, has been detected in small numbers in South Africa. The United Kingdom also announced Thursday it would temporarily suspend flights from six African countries, including South Africa, starting midday Friday. The decision was made without prior discussion with South Africa, Phaahla said.
Persons: Joe Phaahla, Phaahla, Phaala, Sibongiseni Dhlomo, Anthony Fauci, CNN's, Fauci Organizations: African Health, World Health Organization, WHO, Reuters, Slovenian, Twitter, White House Locations: South Africa, Israel, Hong Kong, Belgium, Africa, EU, United Kingdom, U.S
It was the kind of half measure that climate activists worried would carry over to the COP26 summit, the recent United Nations climate talks in Glasgow. David Ritter, CEO of Greenpeace Australia Pacific, was also scathing in his criticism of how Australia fared at the climate summit. His government’s coalition partner, the National Party, is a strong supporter of the coal industry and made multiple attempts to block the net zero target, citing potential risks to the country’s economy. Yet, Australia ranked last out of 60 countries for its policy response to the climate crisis in one assessment released at the COP26 summit. “Australia’s reckless climate obstruction is as brazen as it is appalling,” he said.
Persons: Scott Morrison, COP26, , Richie Merzian, , Merzian, David Ritter, Morrison, Angus Taylor, ” Taylor, Marise Payne, Sam Mooy, Boris Johnson’s, ” Morrison, Christian Downie, Lisa Maree Williams, Taylor, abseiling, Ritter Organizations: Australian, The Australia Institute, Glasgow, Greenpeace Australia Pacific, NBC, Mining, Firefighters, British, National Party, Australian National University, Lowy Institute, Fund for Nature, Nature Australia, United Nations, , Greenpeace Locations: Glasgow, Scotland, Nations, Australia, U.S, China, Sydney, British, Russia, Saudi Arabia, United Kingdom, United States, Hillville, India, Turkey, Newcastle, Greenpeace Australia
London (CNN Business) Shops in the United Kingdom could run short of wine and liquor ahead of Christmas because there aren't enough drivers to make deliveries. The warning was made in a letter sent by the UK Wine and Spirit Trade Association (WTSA) to UK Transport Secretary Grant Shapps last week. It was signed by 48 members of the industry association, including champagne and cognac makers Moet Hennessy, owned byand Laurent-Perrier. The drinks industry urged the government to extend by one year a temporary visa program allowing drivers from abroad to meet the shortfall. "We are already seeing major delays on wine and spirit delivery times which is pushing up costs and limiting the range of products available to UK consumers," WSTA chief executive Miles Beale said in a statement.
Persons: LVMH LVMHF, Laurent, Perrier, Grant Shapps, Moet Hennessy, byand Laurent, Miles Beale, Read Organizations: London, CNN, Spirit Trade Association, Transport, Government Locations: United Kingdom
Over the past three weeks of the murder trial of the three white men — Gregory McMichael, Travis McMichael and William “Roddie” Bryan — charged in the killing of Ahmaud Arbery, Black America has been retraumatized. The men, facing charges of malice murder, felony murder, aggravated assault, false imprisonment and criminal attempt to commit a felony, were all found guilty of felony murder Wednesday. We can’t assume that law enforcement officers, active or retired, will protect rather than harm us. We can’t assume that the legal system will protect us from further discrimination. We can’t assume that the jury in our attacker’s trial will be remotely racially representative.
Persons: — Gregory McMichael, Travis McMichael, William “ Roddie ” Bryan —, Ahmaud Arbery, George Floyd’s, Derek Chauvin, Bryan, George McMichael, Arbery Organizations: Minneapolis Police, U.S . Department of Justice, Americans, Education Locations: America, Minnesota, Satilla Shores, Brunswick, Georgia, hypervigilance
Oil prices could climb higher despite the U.S. and other major consumers releasing millions of barrels of oil from their reserves to try to keep energy prices down, one analyst told CNBC. Of that total, 32 million barrels will be an exchange over the next few months, and 18 million barrels will be an acceleration of a previously authorized sale. So far, the U.K. has agreed to release about 1.5 million barrels while India committed to 5 million barrels. That's 100 million barrels of oil — that is one day's worth of a global demand for crude oil," Schork said. Commonwealth Bank's Dhar said a rebound in oil prices on Tuesday indicated that "markets were underwhelmed with the co-ordinated release of strategic oil reserves."
Persons: It's, Stephen Schork, Schork, Joe Biden, Vivek Dhar, Bank's Dhar, David Paul Morris Organizations: U.S, CNBC, Strategic, Northern, Global, Brent, Commonwealth Bank of Australia, U.S . Energy Information Administration, Eurasia Group, OPEC, Chevron Corp, Bloomberg, Getty Locations: Asia, U.S, China, India, Japan, South Korea, United Kingdom, United States, Eurasia, OPEC, San Ardo , California
The United States will make available 50 million barrels from the Strategic Petroleum Reserve (SPR), with deliveries beginning in mid-December and lasting through end-April 2022. Britain will allow refiners and importers to reduce their inventories by up to 1.5 million barrels, on a voluntary basis. Japan has indicated that it will release a few million barrels, though the amount has yet to be worked out. But it is hard to disentangle the impact of speculation about a stock release from other factors weighing on oil prices. Post-event analysis of the market reaction to the stock release in 2011 suggested several lessons that are applicable a decade later (“Market reaction to the IEA stock release: perception management”, Reuters, Sept. 19, 2011).
Persons: Brent, Barbara Lewis Organizations: Strategic Petroleum Reserve, Congress, International Energy Agency, Reuters, Thomson Locations: U.S, United States, China, India, Japan, South Korea, United Kingdom, WTI, North America, Europe
The latest: US oil prices are flat on Wednesday after gaining 2.3% on Tuesday. But the coordinated release isn't expected to make a lasting difference, given the overarching market dynamicsOil supply hasn't kept up with surging demand as the global economy recovers from Covid-19. Usually, shipping data companies are able to track ships worldwide because they are fitted with an Automatic Identification System, or AIS, transceiver. But that's not happening in the world's second-largest economy, a critical player in global trade. In the past three weeks, the number of vessels sending signals from the country has plunged by nearly 90%, according to data from the global shipping data provider VesselsValue.
Persons: Chris Williamson, Ruben Segura, Jessica Hinds, Hinds, Williamson, we'll, Damien Courvalin, Goldman Sachs, Bob McNally, Matt Egan, hasn't, Laura, We're, Bell Organizations: CNN Business, Bell, IHS, IHS Markit's, Government, Bank of America, Capital Economics, PMI, IHS Markit, Federal Reserve, Investors, Rapidan Energy Group, CNN, AIS, Analysts, Deere, Federal Locations: London, Europe, Austria, Germany, France, Cayuela, China, United States, India, Japan, South Korea, United Kingdom, Covid, Beijing
Several migrants have drowned while trying to cross the English Channel, the BBC reported. At least 20 migrants were dead as of around 5 p.m. evening local time, AFP said. Their boat sank off the coast of France while trying to reach the shores of the United Kingdom. See all newslettersSeveral migrants have drowned while trying to cross the English Channel and reach the shores of the United Kingdom, the BBC reported on Wednesday. French news agency AFP reported that at least 20 migrants were dead as of around 5 p.m. evening local time, citing local authorities, who launched a rescue operation near the French coastal city of Calais.
Persons: Jean Castex Organizations: BBC, AFP, Twitter Locations: France, United Kingdom, Calais
In total, the U.S. will release 50 million barrels from the SPR. Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale. "This is a well timed move to try and lower oil prices," said John Kilduff, partner at Again Capital. As of Nov. 19 the SPR held 604.5 million barrels spread across four sites, according to the Department of Energy. In total the SPR, which was founded in 1975 after the Arab Oil Embargo, can hold 727 million barrels.
Persons: Joe Biden, John Kilduff Organizations: Strategic Petroleum Reserve, U.S, White, West Texas, AAA, Again, Department of Energy, Oil, Brent Locations: India, China, Japan, Republic of Korea, United Kingdom, U.S
Register now for FREE unlimited access to reuters.com Register"By New Year people will start to see a big difference; they'll start to get their tower back," he said. Big Ben, the largest and most accurate four-faced chiming clock when it was built, is a symbol of London and Britain's parliamentary democracy around the world, as well as being one of the most photographed sites in the city. The dials' hands, numerals and other details have been repainted bright blue rather than the black long familiar to Londoners. The 12 bongs from the Great Bell - the origin of the name Big Ben - that will mark the turning of the year will be powered by an electric motor. "The Great Clock is designed extremely well and it's accurate to one second to the first strike of each hour."
Persons: Elizabeth, Big Ben, Toby Melville, Bong, Nick Sturge, Sir Robert McAlpine's, Sturge, Charles Barry's, Queen Elizabeth, Alex Jeffrey, Paul Sandle, Lucy Marks, Alex Richardson Organizations: REUTERS, Bell, Thomson Locations: London, Britain, United Kingdom, leek, Westminster, Cumbria, England
What's happening: On Monday morning, Biden formally announced his intent to nominate Powell to a second four-year term, opting for continuity at an uncertain moment. In the face of a once-in-a-century pandemic, Powell's first term has been undeniably difficult. Powell now has to decide the pace at which the Fed removes crisis measures designed to stimulate the economy during Covid-19 lockdowns. The prospect of the United States and other nations releasing emergency barrels had already helped to lower oil prices. After topping $85 a barrel in late October, US oil prices have declined about 10%.
Persons: Joe Biden, Jerome Powell, Biden, Powell, Lael Brainard, Brett Ryan, Ma, Goldman Sachs, It's, Deutsche Bank's Ryan, he'll, Ryan, Columbia's Ma, Ro Khanna, they're, Chris Isidore, Ford, andboth, Fitch Organizations: London, CNN, Columbia Business School, Deutsche Bank, Fed, Deutsche, AAA, California Rep, Ford, CNN Business, Abercrombie, Federal Reserve Locations: Powell's, Covid, Boston, Dallas, United States, China, India, Japan, South Korea, United Kingdom, Rivian
Klarna launches 'Pay Now' service in U.S.
  + stars: | 2021-11-23 | by ( ) www.reuters.com   time to read: +1 min
A smartphone displays a Klarna logo on top of banknotes is in this illustration taken January 6, 2020. REUTERS/Dado RuvicNov 23 (Reuters) - Klarna said on Tuesday it has launched its "Pay Now" service in the United States to allow customers to pay immediately and in full at any online retailer where the Swedish financial technology company's payment gateway is listed as an option. The company also said it plans to introduce the Klarna Card in the U.S., bringing its flagship buy now, pay later (BNPL) service in a physical card format. Klarna, backed by the likes of payments technology giant Visa (V.N), private equity firm Permira and venture firm Sequoia Capital, is best known for its "Pay in 4" service in the United States. Last month, Klarna announced a similar move for its users in the United Kingdom, introducing the "Pay Now" option amid news of upcoming regulatory changes for the BNPL market in the country.
Persons: Dado Ruvic, Klarna, Manya Saini, Niket, Shounak Dasgupta Organizations: REUTERS, Sequoia, PayPal Holdings Inc, Inc, Thomson Locations: United States, U.S, United Kingdom, Bengaluru
Spotify launches 'Netflix Hub' on its app to attract fans
  + stars: | 2021-11-23 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Brendan McDermid/File PhotoNov 23 (Reuters) - Music streaming platform Spotify Technology (SPOT.N) said on Tuesday it has introduced a new hub where fans can listen to all the official soundtracks, playlists and podcasts related to Netflix Inc's (NFLX.O) shows. The Netflix Hub, as the companies are calling the new feature, will contain playlists from hit shows such as "Money Heist" and "Bridgerton", as well as the official soundtrack from shows such as "Squid Game". But with growing competition from Apple (AAPL.O) Music and Amazon (AMZN.O) Music, Spotify is looking at introducing new features to attract more subscribers. (https://reut.rs/3r7hley)Spotify said subscribers across the United States, Canada, Australia, New Zealand, the United Kingdom, Ireland and India will have access to the hub. Register now for FREE unlimited access to reuters.com RegisterReporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Tiyashi Datta, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Spotify, Netflix, Apple, Disney, Thomson Locations: New York, U.S, Swedish, United States, Canada, Australia, New Zealand, United Kingdom, Ireland, India, Bengaluru
Joe Biden constructs a club of oil guzzlers
  + stars: | 2021-11-23 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
Releasing under 100 million barrels of oil probably will have a small and transitory affect. BP (BP.L) said earlier this month that global oil demand is above 100 million barrels per day, so the effort cobbles together less than a day’s worth of oil. Still the nations that unveiled the effort on Tuesday represent about 50% of world oil demand, according to the U.S. Energy Information Administration. Ford Motor, Dodge, and Chevrolet pick-up trucks are still by far the most popular vehicles in the United States, according to Car and Driver. And the release of 18 million barrels, which the U.S. Congress had previously authorized, will be accelerated over the next few months.
Persons: Joe Biden, Brent, Lauren Silva Laughlin, Sharon Lam Organizations: NEW, Reuters, Rystad Energy, BP, of, Petroleum, U.S . Energy Information Administration, Ford Motor, Dodge, Chevrolet, Strategic Petroleum Reserve, U.S . Congress Locations: Cushing , Oklahoma, U.S, China, India, South Korea, Japan, United Kingdom, United States
is doling out billions of dollars to support rural health care providers slammed by the pandemic. Image The waiting room at Starr County Memorial Hospital, a rural hospital treating Covid patients, in Rio Grande City, Texas, last year. On Monday, Vice President Kamala Harris said that the administration would be investing $1.5 billion to address the shortage of health care workers in underserved tribal, rural and urban communities. Image Danae Vitkin, 9, receiving her first Covid vaccine from at Clalit Health services in Tel Aviv, on Tuesday. Israel recently finalized a deal to bring health care workers from Nepal.
Persons: Christopher Lee, Xavier Becerra, Mr, Becerra, Cecil G, Biden, Kamala Harris, Danae Vitkin, Oded, JERUSALEM — Israel, Naftali Bennett, David, Bennett, Covid, Evgeniy, Hans Kluge, , Alisha Jucevic, Brett Gundlock, Jean, Christophe Dumont, Brendan Mcdermid, Joia Mukherjee, , Tedros Adhanom, Ronald Reagan, Stefani Reynolds, Hopper, Eric Gay, Greg Abbott’s, Clay Jenkins, — Clay Jenkins, Abbott, Johnny Milano, Adhi Sharma Organizations: American, Plan, Memorial Hospital, The New York Times The Department of Health, Human Services, , Children’s Health Insurance, Sheps Center for Health Services Research, University of North, Equity Task Force, Clalit Health, ., Associated, Health, Clalit Health Services, World Health Organization, Monday, European Union, Pfizer, The New York Times, Justice Department, U.S ., Appeals, Sixth Circuit, Safety, Health Administration, OSHA, Republican, Fifth Circuit, Act, Organization for Economic Cooperation, Development, Reuters, World Trade Organization, University of Oxford, Public Citizen, Oxfam, Amnesty, Human Rights Watch, Partners, Pharma, Ronald Reagan Washington National Airport, Transportation Security Administration, Delta Air Lines, United Airlines, Texas Capitol, Associated Press, Fifth, of Appeals, Emergency Department, Department, New, Health Department Locations: U.S, Starr, Rio Grande City , Texas, America, University of North Carolina, Rural America, Tel Aviv, JERUSALEM, Herzliya, United States, China, Israel, Kakhovka, Ukraine, Europe, United Kingdom, Russia, Austria, Germany, Slovakia, Liechtenstein, Czech Republic, Iceland, Norway, Switzerland, Turkey, Balkans, Central Asia, McMinnville , Ore, Cincinnati, New Orleans, Ontario, Canada, Nepal, Australia, Manhattan, Geneva, Ronald Reagan Washington, Texas, Dallas County, Dallas, Covid, Mount Sinai South Nassau, Oceanside, N.Y, Long, New York, Sinai South Nassau, Mount
London (CNN Business) Some of the world's biggest energy-consuming nations are joining a US-led effort to release strategic oil reserves to try to cool high prices and tame inflation. The International Energy Agency, which monitors global oil supplies on behalf of the world's leading economies, said it respected the decisions made by individual countries on "how best to respond to the specific challenges and circumstances they each face." "We recognise that the rise in oil prices is placing a burden on consumers and has added to inflationary pressures during a period when the economic recovery remains uneven and faces a range of risks," the agency said in a statement. The United States will release about 50 million barrels from its Strategic Petroleum Reserve, with the oil expected to hit markets in December. Here's what we know so far about what other countries are doing:Read More
Organizations: London, CNN, International Energy Agency, Strategic Petroleum Reserve Locations: China, Japan, India, South Korea, United Kingdom, United States
Those reports stemmed from counts of deaths based on when the deaths were reported, not when they happened — meaning some deaths from late 2020 were counted in early 2021. New York Coronavirus Map and Case Count See the latest charts and maps of coronavirus cases, deaths, hospitalizations and vaccinations in New York. is doling out billions of dollars to support rural health care providers slammed by the pandemic. Image Danae Vitkin, 9, receiving her first Covid vaccine at Clalit Health services in Tel Aviv on Tuesday. Some public health experts see a W.T.O.
Persons: Kenny Holston, , , Jennifer Nuzzo, ” Dr, Celine Gounder, , , Gounder, Libby, Mark Poloncarz, Poloncarz, Gale Burstein, Christopher Lee, Xavier Becerra, Mr, Becerra, Cecil G, Biden, Kamala Harris, Danae Vitkin, Oded, JERUSALEM — Israel, Naftali Bennett, David, Bennett, Covid, Evgeniy, Hans Kluge, Alisha Jucevic, Brett Gundlock, Jean, Christophe Dumont, Brendan Mcdermid, Joia Mukherjee, Tedros Adhanom Organizations: Washington , D.C, The New York, Centers for Disease Control, Johns Hopkins Center for Health Security, Bellevue Hospital Center, The New York Times, New, Local, Memorial Hospital, The New York Times The Department of Health, Human Services, American, , Children’s Health Insurance, Sheps Center for Health Services Research, University of North, Equity Task Force, Health, ., Associated, Clalit Health Services, World Health Organization, Monday, European Union, Pfizer, Justice Department, U.S ., Appeals, Sixth Circuit, Safety, Health Administration, OSHA, Republican, Fifth Circuit, Act, Organization for Economic Cooperation, Development, Reuters, World Trade Organization, University of Oxford, Public Citizen, Oxfam, Amnesty, Human Rights Watch, Partners, Pharma Locations: Buffalo, U.S, Washington ,, United States, Covid, Gounder, New York, Buffalo , N.Y, Erie County, New York City, York, Erie, New York State, Starr, Rio Grande City , Texas, America, University of North Carolina, Rural America, Tel Aviv, JERUSALEM, Herzliya, China, Israel, Kakhovka, Ukraine, Europe, United Kingdom, Russia, Austria, Germany, Slovakia, Liechtenstein, Czech Republic, Iceland, Norway, Switzerland, Turkey, Balkans, Central Asia, McMinnville , Ore, Cincinnati, New Orleans, Ontario, Canada, Nepal, Australia, Manhattan, Geneva
The good news is that the mere rumor of this historic intervention drove oil prices down from seven-year highs. And that should translate to some relief for Americans grappling with high gas prices. "While our combined actions will not solve the problem of high gas prices overnight, it will make a difference," Biden said. After initially retreating on the news, US oil prices finished the day 2.2% higher. However, Kloza is concerned that gas prices will rise sharply in early 2022, outpacing oil prices, due to the retirement of refineries in California, New Mexico and Louisiana.
Persons: Biden, Bob McNally, It's, Robert Yawger, Joe Biden, Wall, hasn't, Rob Thummel, we've, Ro Khanna, Mizuho's, Louise Dickson, Dickson, I've, Tom Kloza, Kloza, They're, Helima Croft Organizations: CNN, White, Strategic Petroleum Reserve, Rapidan Energy, Mizuho Securities, Brent, Democratic, California, Rystad Energy, Oil Price Information Service, RBC Capital Markets Locations: York, Washington, US, India, Japan, South Korea, United Kingdom, United States, China, Covid, California , New Mexico, Louisiana, OPEC, Russia, Saudi Arabia, Austria
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