France is considering tighter restrictions in Paris to contain the virus. Italian Prime Minister Mario Draghi and French President Emmanuel Macron are ready to allow the use of the AstraZeneca vaccine again if the European Union drug regulator reports that it is safe.
The European Commission rejected attempts by member states to evade any blame for the lackluster deployment of EU vaccination. Scotland will reopen hair salons, car showrooms, garden centers and click-and-collect retail services on April 5.
In the US, Moderna Inc. said that the first the children have been dosed in a pediatric clinical trial for their vaccine. Ohio will allow all residents 16 and older to register for the Covid-19 vaccine beginning March 29. Apollo Global Management Inc. will conduct the test and give employees the option to work remotely two days a week until the end of the year.
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France weighs in on weekend closing in Paris (4:42 pm NY)
France is considering imposing tougher restrictions on the Paris region to contain the coronavirus.
Prime Minister Jean Castex declined to be specific, but said on television Tuesday that deteriorating indicators were pushing the government to work on a possible shutdown over the weekends. The government will discuss possible restrictions at a cabinet meeting on Wednesday, Castex said.
More than 400 people out of 100,000 people in the Paris region tested positive in the past week, a threshold that Castex has described as alarming. Intensive care units in and around the capital are almost full, forcing the state to transfer patients to other hospitals in the country.
France and Italy say they will allow Astra Shot (2:30 pm NY)
Italian Prime Minister Mario Draghi and French President Emmanuel Macron are ready to allow the use of AstraZeneca’s Covid-19 vaccine again if the European Union drug regulator reports that it is safe, the Italian government said after the two leaders spoke by phone.
The European Medicines Agency, which is reviewing the injection after several countries suspended it for health concerns, is due to give a final assessment on Thursday. Draghi’s office said the EMA’s initial guidance was encouraging.
In unscheduled comments Tuesday, the EMA reiterated that the benefits of the vaccine outweigh the risks, and there was no indication that it had caused blood clots in multiple people. But he also warned of a negative impact on public perception and the risk of further hesitation about vaccination.
EU Nations Asked To Speed Up Vaccines (1:15 pm NY)
The countries of the European Union were It warned Tuesday that slow vaccines, as well as measures to block the use of some doses, could jeopardize recovery effort and increase the likelihood of prolonged blockages.
On Tuesday, the European Commission rejected attempts by member states to evade any blame for the lackluster rollout of EU vaccination, which has been plagued by slow regulatory approvals and delivery disruptions by AstraZeneca Plc. The bloc’s health chief, Stella Kyriakides, told EU ministers in a call that of the 70 million doses delivered to member states so far, only 51 million have been administered.
Apollo to Try Partial Remote Work (12:50 p.m. NY)
Apollo Global Management Inc. will test by giving employees the option of working remotely two days a week until the end of the year, according to a person familiar with the matter.
The exact start of the experiment will depend on when Covid-19 vaccines become most available, the person said. Employees will receive at least 30 days’ notice.
Wall Street companies have been struggling with how and when to get employees back to their desks. Many are advancing lightly or delaying effort, given the virus variants that lie ahead and the difficulties in obtaining vaccines.
Scotland eases restrictions as cases fall (10:45 a.m. NY)
Scotland will reopen hair salons, car showrooms, garden centers and click-and-pick retail services on April 5 after the number of daily cases dropped by 30% over the past three weeks as the vaccination program of the country intensifies. More restrictions will be lifted on April 26, with cafes, restaurants and bars able to cater to people outdoors and some food served indoors.
Prime Minister Nicola Sturgeon told the Scottish Parliament that evidence shows that vaccines are reducing transmission. As part of the UK deployment, Scotland has inoculated around 40% of its adult population. He plans to continue vaccinating about 400,000 people a week through April, he said, hoping to return to normal by June 30.
Ohio will expand vaccines to anyone over 16 (10:30 a.m. NY)
Ohio will allow all residents 16 and older to register for the Covid-19 vaccine beginning March 29. The state will expand your eligibility to those 40 and older on Friday.
Gov. Mike DeWine said the consensus of county health department officials was that the state needs to expand its eligibility more quickly due to increased supply and varying levels of vaccine acceptance across the state.
“It is imperative that we act as quickly as we can,” DeWine said Tuesday during a news conference at a mass vaccination site at Cleveland State University.
HSBC closes the main office in Hong Kong (10 am NY)
HSBC Holdings Plc’s main office in Hong Kong has been Closed until further notice after three people working in the building tested positive for Covid-19.
Visitors who stayed in the building for more than two hours between March 2 and March 15 will be required to undergo mandatory coronavirus testing, according to an internal memo seen by Bloomberg.
The iconic main bank building in Hong Kong is located at 1 Queen’s Road Central.
Austria Calls for EU Correction Mechanism (9:50 am NY)
Austrian Chancellor Sebastian Kurz asked for a “correction mechanism ”of the distribution of vaccines in the EU to avoid political tensions in the bloc. Speaking in Vienna alongside the prime ministers of the Czech Republic, Bulgaria and Slovenia, Kurz said they were already in talks with the president of the European Commission, Ursula Von der Leyen.
Russia condemns the United States for pressuring Brazil (8:44 a.m. NY)
Russia He condemned the United States for exerting diplomatic pressure on Brazil to reject its Sputnik V vaccine, adding that attempts at political meddling in vaccination campaigns are costing lives.
The US Department of Health and Human Services said in its annual report released in January that its Office of Global Affairs sought to persuade Brazil not to allow the Russian vaccine, accusing Moscow of seeking to expand its influence in the Americas in “Detriment to US safety and security.”
On the other hand, Russia will triple the production of Sputnik V in India after a new agreement that reinforces Moscow’s commitment to vaccinate one tenth of the world’s population. Gland Pharma Ltd., a Chinese-owned company, will supply 252 million injections of Sputnik V from the fourth quarter.
AstraZeneca Investors Look Beyond Vaccine Issues (8 am NY)
AstraZeneca Plc shares published their the biggest gain this year, even as European countries discontinued use of its vaccine, and investors focused on its promising line of experimental drugs and the prospects for earnings growth.
JPMorgan will bring summer interns to the offices (7:45 am NY)
Hundreds of summer interns from JPMorgan Chase & Co. are scheduled to attend its New York and London offices, according to a person familiar with the plans. Last year, the biggest names on Wall Street delayed, shortened or virtualized their paid summer programs due to the pandemic.
The US will export shots in a ‘reasonable’ time (7:15 am NY)
Anthony Fauci, chief medical adviser to President Joe Biden, said the United States will be able to begin exporting vaccines in a “reasonable period of time.”
“It won’t happen next week or next month, but it will happen,” Fauci said in an interview with MSNBC.
He cited the country’s contributions to the Covax program and said the United States will be able to give away leftover vaccines once its population is vaccinated.
Start of Dosing in Moderna Pediatric Study (7 am NY)
Moderna Inc. said the first children were given doses in a clinical trial of its vaccine in children 6 months to less than 12 years old.
The phase 2-phase 3 trial is being conducted in conjunction with the National Institute of Allergy and Infectious Diseases. The study is expected to enroll approximately 6,750 participants in the US and Canada.
– With the assistance of Andreea Papuc, Jason Scott, Jinshan Hong, Robert Jameson, Thomas Kutty Abraham, Go Onomitsu, Claire Che, Muneeza Naqvi, Randy Thanthong-Knight, Anna Edwards, Misha Savic, Kathleen Hunter, Katherine Rizzo and Rodney Jefferson