Researchers at Harvard Medical School now say the omicron variant, not delta, is likely fueling the current surge in Covid-19 cases in the northeastern U.S. trib.al/O49sJhb
That’s cause for alarm, because researchers still don’t know much about the variant, and it’s unclear how well vaccines will protect people.
Harvard’s labs are optimized for speed but omicron is spreading faster than they can track it trib.al/O49sJhb
“I think we are in the omicron surge,” Bronwyn MacInnis, director of pathogen genomic surveillance at the Broad Institute of MIT and Harvard said.
“There’s no system on the planet that could keep up with the pace of this doubling time” trib.al/O49sJhb
In New York and New Jersey, the omicron variant made up 13% of cases as of Wednesday.
“We know it’s the most transmissible variant of SARS-CoV-2 we’ve ever seen before, and the most immune-evasive variant,” said infectious disease specialist Jake Lemieux trib.al/O49sJhb
Omicron appears to be doubling around every four days. “It’s spread around the globe in under two weeks,” Lemieux said.
“It’s likely that it will come to your holiday gathering" trib.al/O49sJhb
Total Covid-19 cases are currently surging through the Northeast corridor from Philadelphia to New York City through much of New England — an area that’s well above the national average in vaccination rates trib.al/O49sJhb
New York State just imposed new mask mandates, and New York City is making vaccines mandatory for children as young as 5 at restaurants and entertainment venues trib.al/O49sJhb
At Cornell University, in-person classes were shut down after 900 students tested positive, many with omicron.
There were no cases of severe disease, but there was concern that students might infect more vulnerable relatives during the holidays trib.al/O49sJhb
In a worst-case scenario, cases would rise so fast that even if only a small percent of infected people got seriously ill in the coming few weeks, their numbers would exceed what hospitals are equipped to handle trib.al/O49sJhb
The standard two-dose mRNA vaccines are unlikely to offer much protection against omicron infection, though they might protect against serious disease.
People who get a booster will get about 70% or 75% protection against symptomatic infection trib.al/O49sJhb
The situation in New York and the rest of the Northeast could become much worse than it has been in South Africa.
South Africa was done with its delta surge, while the Northeast is likely to experience a pandemic of delta and omicron on top of each other trib.al/O49sJhb
The good news is that a recent study of Pfizer’s antiviral drug Paxlovid found that taking the pill within 3 days of symptoms cut the risk of hospitalization by 89% for the most high-risk patients.
That drug could get FDA approval by the end of the month trib.al/O49sJhb
Between now and then there are many holiday celebrations. One Harvard researcher suggested making them safer by holding them outside and making everyone wear masks.
That might be unrealistic since it's cold out and it’s hard to socialize in a mask trib.al/O49sJhb
But pandemic fatigue might come back to bite us.
Vaccinated people should have been able to enjoy a nearly normal, low-risk summer and early fall. Now the fear is that the public’s reserve of trust and patience has been spent trib.al/O49sJhb
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The outmoded licensing regime in India needs to be brought up to date with digitization trends in the broader economy, writes @andymukherjee70trib.al/BchfEYF
No deposit-taking institution in the world is trusted more by savers and enjoys a bigger cachet with investors than HDFC Bank.
This has made India’s most valuable lender so lethargic that it had to be banned from issuing new credit cards for eight months trib.al/PNtzgBM
Bank licenses are permits to make money out of thin air.
The prospect of sharing the privilege with a new breed of digital rivals will be more effective at keeping HDFC Bank and other traditional financiers on their toes trib.al/PNtzgBM
If you’re a smoker who wants to indulge your habit while gazing over the mountains of the South Pacific, you’d do well to move fast.
New Zealand announced plans to become the first nation in the world to ban tobacco trib.al/SI0pMMR
Prohibition won’t happen overnight. New Zealand will raise the legal smoking age each year, so that people born after 2008 will never be allowed to puff.
That will eventually mean that tobacco smoking may start disappearing from one corner of the planet trib.al/eeRy24P
The tobacco ban in New Zealand may be a taste of things to come.
🇳🇱 The Netherlands will ban supermarket sales of tobacco starting in 2024
🇺🇸 One in four Americans supported a total smoking ban in a 2018 survey trib.al/eeRy24P
🚘 The race to build and capture large swathes of the global electric vehicle supply chain is gathering pace.
It won’t be about who comes in first but who can do it best trib.al/6kSXefF
China is well ahead of the U.S. on EV battery supply chains.
While it has developed disparate parts of the supply chain, the U.S. is a long way from being ready to churn out hundreds of thousands of batteries that will power all of the vehicles forecast trib.al/XavnYnY
⚡️ What should manufacturers of batteries and cars commit to? It’s a tough call. Either you ...
A) Go with the best and safest technology to date
B) Wait it out and focus on the future without investing too much in what’s commercially viable today trib.al/XavnYnY
🛍️ The bargain bonanza that is Black Friday has begun. Only there are fewer special offers this year, and those that are being advertised aren’t quite so eye-catching.
You can blame the global supply chain meltdown for the lack of doorbusters trib.al/HI6L0GB
💰 Many Americans are still flush with Covid lockdown savings, while wage gains are also boosting household spending power.
Combine that with missing out on holiday festivities in 2020, and that’s made for buoyant consumer conditions trib.al/z1we2hl
Given the higher costs that retailers are facing — from spiraling freight rates to air-shipping goods from Asia — they had little choice but to cut down on promotions this year in order to protect profit margins trib.al/z1we2hl
Good news: The supply-chain crunch appears to have already peaked in the U.S.
Evidence keeps piling up to suggest that the U.S. is slowly but surely making progress in easing freight congestion and supply shortages bloom.bg/3oIZ4l3
🚢Average ocean freight rates for a 40-ft container have declined for 8 weeks
🚢Spot pricing for the Shanghai-Los Angeles trade route is down about 19% from its September peak
🚢There are fewer containers lingering for more than 9 days at the Port of L.A. bloom.bg/3oIZ4l3
The threat of fines for excessive dwell times at the port seems to have led to a meaningful improvement.
The ports of L.A. and Long Beach have delayed the penalties (which start at $100 a day and rise in $100 increments) until at least later in November bloom.bg/3oIZ4l3