ECONOMY

U.S. Vaccine Milestone; Philippines Clears Sputnik: Virus Update

President Joe Biden announced the U.S. on Friday will clinch his goal of administering 100 million Covid-19 vaccine shots in the first 100 days of his presidency, reaching the mark six weeks ahead of time. More U.S. states announced all adults would be eligible for the vaccine before Biden’s May 1 target.

The Philippines has cleared Russia’s Sputnik V coronavirus vaccine for emergency use, authorities said, adding to a growing list of countries to grant emergency approval to the Russian vaccine, which has shown 91.6% efficacy.

The Paris area faces a four-week lockdown starting Friday to contain what it called a third wave of the coronavirus epidemic. European Union nations, including Germany, France, Italy, will restart the AstraZeneca Plc Covid-19 vaccine after the EU’s drug regulator said it’s safe to use, though it warned it can’t completely rule out a link to blood clotting side effects.

  • Global Tracker: Cases pass 121.7 million; deaths top 2.68 million
  • Vaccine Tracker: More than 410 million shots given worldwide
  • U.S. to reach 100 million vaccinations goal six weeks early
  • Elderly face higher risk of reinfection after Covid, study shows
  • Supply of Covid swabs depends on two cousins who hate each other
  • Vaccine populism is a game Europe can’t afford: Lionel Laurent

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on cases and deaths.

Canada Says Benefits of AstraZeneca Vaccine Outweigh Risks (10:02 a.m. HK)

Health Canada says that the benefits of AstraZeneca’s Covid-19 vaccine continue to outweigh the risks, according to a statement. Health Canada says it assessed the available data and determined that the vaccine has not been associated with an increase in overall risk of blood clots.

Mexico Reports Almost 700 Covid Deaths (09:13 a.m. HK)

Mexico reported a daily rise of 698 deaths, bringing the total to 196,606, according to data released by the Health Ministry. Mexico has administered almost five million doses of the vaccine against coronavirus.

Florida’s DeSantis Nixes Vaccine Passports (6:58 a.m. HK)

Florida Governor Ron DeSantis rejected so-called vaccine passports for his state, calling them “a bad idea” that crimps free choice and is “not how you get society back to normal.”

“Under no circumstances will the state be asking you to show proof of vaccination,” for instance to attend a sports event, “and I don’t think private companies should doing that either,” DeSantis told reporters Thursday in comments posted on his Twitter feed.

“If you want to go to an event, go to an event,” he said. “If you don’t, don’t.”

Denmark to Ease Curbs (4:18 p.m. NY)

Denmark will ease some restrictions on March 22, before a previous deadline of April 6, after the number of virus cases stabilized in recent weeks. The limit on public crowds will be raised to 10 from 5 and more students will be allowed to return to schools, the government said in a statement on Thursday.

More U.S. States to Open Vaccines to All (3:59 p.m. NY)

More U.S. states committed to a date to open vaccine eligibility to all people 16 years and older:

  • Illinois Governor J.B. Pritzker said the state would open eligibility on April 12 except for Chicago, which makes its own rules. Chicago estimates that it will open up vaccines to adults with underlying medical conditions on March 29 and all adults on May 31
  • Utah Governor Spencer Cox said the state would begin full eligibility on March 24
  • Maryland Governor Larry Hogan said that all people 16 and older with underlying medical conditions would become eligible on March 30 and all adults “no later” than April 27
  • Rhode Island Governor Dan McKee said full eligibility would open April 19

Biden Marks Vaccine Milestone (3:32 p.m. NY)

President Joe Biden announced the U.S. on Friday will clinch his goal of administering 100 million Covid-19 vaccine shots in the first 100 days of his presidency, reaching the mark six weeks ahead of time.

“I’m proud to announce that tomorrow, 58 days into our administration, we will have met my goal of administering 100 million shots to our fellow Americans. That’s weeks ahead of schedule,” Biden said, speaking Thursday at the White House.

The U.S. recorded 2.7 million more doses on Thursday, pushing the cumulative total to 115.7 million shots given, according to the U.S. Centers for Disease Control and Prevention. As of data reported on inauguration day, the U.S. had given about 16.5 million doses.

U.S. Vaccine Milestone; Philippines Clears Sputnik: Virus Update

Ontario Leader Grateful for Shots (3:11 p.m. NY)

The Biden administration plans to send about 4 million doses of AstraZeneca’s Covid-19 vaccine to neighboring Mexico and Canada, White House Press Secretary Jen Psaki said. It would represent the U.S.’s first known exports of domestically produced vaccines.

Rarely at a loss for words, Ontario Premier Doug Ford was almost overcome with gratitude after learning of the plan.

“God bless America, they’re coming to our rescue, thank God!” Ford exclaimed during a news conference Thursday, after a local reporter asked about a report on the plan. “President Biden, thank you.”

New cases of Covid-19 have been creeping higher in Canada’s most populous province as vaccination efforts have been slowed by lack of supply.

France Plans Lockdown in Paris Area (2:35 p.m. NY)

France is locking down the Paris area as it suffers to contain a third wave of the coronavirus epidemic, Prime Minister Jean Castex announced.

In a bid to contain the resurgence in cases, only essential businesses and schools will stay open, he said on Thursday. The measures will start from midnight on Friday and will remain in place for four weeks.

EU Declares Astra Shot Safe (1:33 p.m. NY)

The European Union’s drug regulator said AstraZeneca’s Covid-19 vaccine is safe to use, but warned it can’t completely rule out a link between the shot and blood clotting side effects.

At a briefing on Thursday, officials at the European Medicines Agency emphasized repeatedly that the vaccine is “safe and effective,” and the benefits outweigh the risks. The comments followed a review after several European countries suspended Astra shots after a number of cases emerged.

The EMA said there were seven cases of blood clots in multiple vessels, and 18 cases of a type of cerebral vein clotting that’s hard to treat, out of about 20 million inoculations. While describing the cases as “rare,” it’s recommending that a warning is added to the shot to make sure the public is better informed.

Germany, Italy, France, Spain and Bulgaria are among the European nations saying they would resume AstraZeneca’s vaccination, while Norway and Sweden will decide after conducting their own reviews.

Italy Cases Slow (12:57 p.m. NY)

Italy reported 24,935 cases Thursday, down 3% from a week earlier. That marks the first decline in a month and suggests the latest resurgence in infections in the country may have peaked. The country had 423 fatalities linked to Covid-19, down from 431 Wednesday, while the number of patients in intensive care units climbed again, to 3,333. In some regions such as Lombardy ICU occupancy rates are above 50%.

Denmark Reports 10 Clotting Cases (12:32 p.m. NY)

The Danish Medicines Agency said it’s gotten 10 reports of blood clots occurring after vaccination with the AstraZeneca shot, one ending in death.

“It cannot be concluded whether there may be a connection with the vaccine, as studies have not been completed,” the agency said in statement Thursday. More than 140,000 Danes have received the AstraZeneca vaccination.

N.Y. Concerts, Baseball to Reopen (12:15 p.m. NY)

New York Governor Andrew Cuomo said concert venues and baseball games will resume this spring, ushering in what he called a rebirth of the state as Covid-19 rates drop and vaccinations increase across the state.

Cuomo, facing growing calls for his resignation by members of his own party and a legislative impeachment investigation over sexual-harassment claims and accusations of covering up Covid nursing home deaths, has held a series of briefings in recent days focused on vaccine distribution and overturning Covid restrictions.

New York City Mayor Bill de Blasio accused Cuomo of making decisions around lifting the state’s Covid-19 restrictions based on political reasons, rather than on underlying data. He said the governor rescinded a ban on group fitness this week without consulting the city or its health officials.

Mexico Seizes Smuggled Vials (11:26 a.m. NY)

Mexican authorities have seized 1,155 vials that they claim contained Russia’s Sputnik V vaccines, inside a small plane at a Campeche airport.

The private plane was scheduled to fly to Honduras. The Mexican government said the vials were concealed inside two coolers filled with soft drinks and candies. They estimated vials contained 5,775 vaccine doses.

Maine Cases Accelerate (10:55 a.m. NY)

Maine reported 246 new cases on Thursday, the most in more than a month amid an uptick of infections over the last few weeks. People in their 20s account for the most cases since early February, about 18%, state data show, followed by people in their 50s, who make up 15%. The most vulnerable, people in the 70s and 80s, account for less than 12%. The state has given more than half a million doses of vaccine, mostly to people between 60 and 80.

Pandemic Shrank Middle Class (10:00 a.m. NY)

The global middle class shrank for the first time in decades last year because of the Covid-19 pandemic, with almost two-thirds of households in developing economies reporting they suffered a loss in income, according to two new estimates based on World Bank data.

In a study published Thursday, researchers at the non-partisan Pew Research Center found that the ranks of the global middle class — those earning $10-$50 per day — fell by 90 million people to almost 2.5 billion last year. That helped swell the ranks of the poor, or those living on less than $2 a day, by 131 million, Pew estimated.

U.S. Vaccine Milestone; Philippines Clears Sputnik: Virus Update

U.K. Doses Delayed (8:46 a.m. NY)

A delayed shipment of AstraZeneca’s vaccine from India and a batch requiring re-testing are behind a cut in the U.K.’s available supplies, the first major interruption in Britain’s vaccine rollout.

U.S. Vaccine Milestone; Philippines Clears Sputnik: Virus Update

Vaccine doses made by one of Astra’s manufacturing partners, the Serum Institute of India Ltd., have been stalled, and another 1.7 million doses have been kept back in the last week for further checks on their stability, U.K. Health Secretary Matt Hancock told Parliament in a statement Thursday.

Norway Makes Clots Finding (8:30 a.m. NY)

An investigation at Rikshospitalet in Oslo has found that a immune response caused the blood clots in three health workers after they received the AstraZeneca vaccine, Pal Andre Holme, the hematologist leading the probe, said on Thursday.

“The findings support our hypothesis that we launched quite early that these patients have had a powerful immune response which resulted in, among other things, the formation of antibodies, which can ignite the platelets and thus give a thrombus,” Holme told reporters.

The investigation hasn’t yet been able to conclude why only some people have this response.

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