Economy
U.K. to begin mass coronavirus vaccinations: Here’s how it will work
Less than a week after becoming the first Western country to approve a coronavirus vaccine, the United Kingdom is gearing up to start distributing the first doses of Pfizer’s shot on Tuesday.
The roll-out of the vaccine, which requires two doses, three weeks apart, will likely be closely watched from around the world, as other countries, like Canada, are expecting to receive the first batch of the shots next week.
China Posts Record Month For Trade Thanks To Homebound, Bored Americans
China’s economy is roaring back as Americans gobble up everything from its cellphones to its health masks, raising the stakes for trade relations with the United States as President-elect Joe Biden gets set to take over.
Data on Monday showed China notched a record $75.4 billion trade surplus in November after exports from China to the rest of the world jumped 21.1% compared to a year ago.
Trump administration officials passed when Pfizer offered in late summer to sell the U.S. government additional doses of its Covid-19 vaccine, according to people familiar with the matter. Now Pfizer may not be able to provide more of its vaccine to the United States until next June because of its commitments to other countries, they said.
As the administration scrambles to try to purchase more doses of the vaccine, President Trump plans on Tuesday to sign an executive order “to ensure that United States government prioritizes getting the vaccine to American citizens before sending it to other nations,” according to a draft statement and a White House official, though it was not immediately clear what force the president’s executive order would carry.
Eviction looms for struggling US renters as stimulus talks drag
Despite state eviction moratoriums, as well as a national order from the Centers for Disease Control and Prevention temporarily halting residential evictions during the COVID-19 crisis, many renters are still at risk.
In the 27 cities tracked by Princeton University’s Eviction Lab, landlords had filed more than 151,000 evictions since the pandemic began.
Hundreds hospitalized with mysterious illness in India (McPherson)
At least one person has died and 200 others have been hospitalized due to an unidentified illness in the southern Indian state of Andhra Pradesh, reports said Monday.
The illness was detected Saturday evening in Eluru, an ancient city famous for its hand-woven products. Since then, patients have experienced symptoms ranging from nausea and anxiety to loss of consciousness, doctors said.
Nearly two-thirds of Americans are living paycheck to paycheck during COVID pandemic
Money is not something anyone wants to worry about during the holidays. In a year still ravaged by the coronavirus pandemic and its economic fallout however, it appears many will be struggling through the most festive part of 2020. A survey finds over 60 percent of Americans say they’re now living paycheck-to-paycheck as the year draws to a close.
The poll of over 2,000 Americans, commissioned by Highland Solutions, wanted to see how spending habits and personal finances in the U.S. are holding up during the pandemic. Their results find 63 percent of respondents have cut back on their spending due to COVID. Six in 10 say they’re doing it to be more cautious, but 49 percent add it’s because of losing income at work.
The challenges and perils of transporting millions of COVID-19 vaccines with dry ice across the U.S.
When you order a gift from Amazon AMZN, -0.14% the process of getting the item you purchased to your doorstep is fairly straightforward.
But transporting a coronavirus vaccine, if and/or when emergency-use authorization is granted in the U.S., requires arctic temperatures. The government, through Operation Warp Speed, has begun the laborious process of modeling various distribution plans for coronavirus vaccines.
U.S. Judge Halts Trump’s TikTok Ban, The 2nd Court To Fully Block The Action
A federal judge on Monday fully blocked the Trump administration’s attempt to ban TikTok in the U.S., the latest defeat in the White House’s legal crusade against the video-sharing app.
U.S. District Judge Carl Nichols in Washington found that Trump overstepped his authority in using his emergency economic powers to try to effectively put the wildly popular app out of business. He was the second judge to rule against the president’s ban.
What you need to know about the Pfizer, Moderna and AstraZeneca vaccines
Three leading coronavirus vaccine candidates have dazzled the world with strong evidence they can prevent illness. The vaccines are made by different companies: One is being developed by the giant pharmaceutical Pfizer and its German partner BioNTech; another by the biotechnology firm Moderna, in partnership with the National Institute of Allergy and Infectious Diseases, and the third is from the University of Oxford and its partner AstraZeneca. All three companies will seek regulatory clearance to offer their vaccines to millions of people.
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The post Daily Digest 12/7 – U.K. to begin mass coronavirus vaccinations, Hundreds hospitalized with mysterious illness in India appeared first on Peak Prosperity.
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