Economy
Frost Bites Brazilian Sugar Crop As Prices Zoom Higher – ZeroHedge
Pay attention to what’s happening in Brazil. More food inflation is imminent.
Brazil’s top producing regions for coffee, oranges, and sugar have been devastated by the worst weather in decades and could leave a lasting impact on prices, according to Bloomberg.
The South American country is one of the world’s leading coffee, sugar, and orange producers experienced a cold snap and drought this growing season in the Center-South area that has significantly damaged crops.
The US Senate’s infrastructure bill passed with a privacy problem for crypto – Quartz
The US Senate passed a $1 trillion infrastructure bill on Tuesday with a glaring problem for the cryptocurrency industry. The bill includes vague new tax reporting requirements that digital rights activists say threaten individual privacy and crypto advocates say could hamstring industry innovation in the US.
Revive Therapeutics: Remains Discounted To Peers As Oral COVID Therapeutics Race Heats Up – The Dales Report
When pharmaceutical Pfizer recently giant disclosed it was earmarking up to US$1 billion for its oral antiviral drug candidate (PF-07321332)—before knowing the Phase 2/3 blinded trial results—things were seemingly looking up for Revive Therapeutics Ltd. (CNSX: RVV, OTCMKTS: RVVTF)—itself conducting a Phase 3 trial for mild/moderate COVID. With a market capitalization of approximately US$130 million (US$169 million fully diluted), Revive could theoretically be acquired 5-times over with a similar outlay Pfizer was shoveling into PF-07321332. And yet, the market yawned.
Environment
U.K. To Relax Covid Travel Rules for COP26 Climate Summit – Bloomberg
The U.K. government will ease travel restrictions to allow tens of thousands of government officials, climate advocates and journalists from around the world to attend a major summit in Scotland that starts in October.
The U.K. government had already offered vaccinations to delegates from countries that don’t have access to their own. Now it also plans to ease quarantine and travel rules for them, according to a COP26 official.
Health
Former CDC official expects schools ‘will be forced to shut down’ this year more than last over COVID-19 – Business Insider
School buildings across the US may be “forced to shut down” more this year than last year as COVID-19 cases continue to spike throughout the country, a former Centers for Disease Control and Prevention official said Tuesday.
Dr. Richard Besser, a former acting director of the CDC, said during an interview on NBC News’ “Today” show that with the highly transmissible Delta variant being the dominant coronavirus strain in the country, “I expect that it’s going to jump around different classrooms and schools will be forced to shut down more than they did in fact last year.”
Don’t want a Covid vaccine? Be prepared to pay more for insurance – Quartz
So, how about an economic argument? Get a Covid shot to protect your wallet.
Getting hospitalized with Covid in the US typically generates huge bills. Those submitted by Covid patients to the NPR-Kaiser Health News “Bill of the Month” project include a $17,000 bill for a brief hospital stay in Marietta, Georgia (reduced to about $4,000 for an uninsured patient under a “charity care” policy); a $104,000 bill for a 14-day hospitalization in Miami for an uninsured man; and a bill for possibly hundreds of thousands for a two-week hospital stay—some of it on a ventilator—for a foreign tourist in Hawaii whose travel health insurance contained a “pandemic exclusion.”
The post Daily Digest 8/12 — Frost Bites Brazilian Sugar Crop As Prices Zoom Higher; US Senate’s Infrastructure Bill Passed With a Privacy Problem for Crypto… appeared first on Peak Prosperity.
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