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Alberta opens second age bracket for AstraZenica COVID-19 vaccine appointments – Global News

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Another age bracket of Albertans will be able to book appointments for the AstraZenica COVID-19 vaccine starting Thursday, after more than 11,500 bookings were made Wednesday.

According to Dr. Deena Hinshaw, Albertans who were born in 1958, as well as First Nations, Metis and Inuit people born in 1973, will be eligible for an AztraZenica immunization.

Read more:
All eyes on Alberta COVID-19 vaccine booking system Wednesday for AstraZeneca

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The province is rolling out eligibility for its current 58,000 doses of the third vaccine to be approved in Canada based on birth year.

“If you are eligible to get the vaccine, please do so. And encourage your friends and neighbours to do so as well. The more people who become immunized, the less the virus will be able to mutate, and the less it will impact our communities.”

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Those eligible are encouraged to book online or book in off-peak times, as 811 demand and call volume is expected to be high.


Click to play video 'Senior Toronto scientists question 4-month delay of 2nd dose'



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Senior Toronto scientists question 4-month delay of 2nd dose


Senior Toronto scientists question 4-month delay of 2nd dose

Hinshaw said as of Wednesday, nearly 138,000 seniors over the age of 75 who are not living in designated supported living or continuing care facilities – which were included in Phase 1A of Alberta’s vaccine rollout – have either gotten their shot or have their appointment booked.

So far, 309,000 doses of vaccine have been administered to Albertans, with 91,000 people being fully immunized against COVID-19 with two doses.

Hinshaw said it “can be tempting to let your guard down after immunization,” but stressed that more research needs to be done before health officials can determine how being vaccinated impacts viral transmission.

“Even if you have been vaccinated with one or two doses, all public health orders in place still apply,” she said.

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Hinshaw stressed that while it’s recommended those with chronic health issues try to get a Pfizer or Moderna vaccine rather than AstraZenica, the AstraZeniva vaccine is “not unsafe” for those who suffer from chronic conditions.

“If an individual who has a chronic condition wishes to receive AstraZenica and they’re in the appropriate age group, they could choose to do so,” she said.

“There is no requirement to prove that an individual is healthy if they wish to receive AstraZenica vaccine and they are in the eligible age group.”

Those looking to book an AstraZenica vaccine appointment are encouraged to weigh their options and make the best decision for them, Hinshaw said.


Click to play video 'AstraZeneca’s COVID-19 vaccine ‘not unsafe’ for chronic conditions: Hinshaw'



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AstraZeneca’s COVID-19 vaccine ‘not unsafe’ for chronic conditions: Hinshaw


AstraZeneca’s COVID-19 vaccine ‘not unsafe’ for chronic conditions: Hinshaw

Bookings for Phase 2A of the vaccine rollout is scheduled to start Monday, March 15, and will be open to those 65 to 74, no matter where they live, as well as First Nations, Metis and Inuit people 50 and older. Staff and residents of licensed supportive livings are also included.

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However, Global News called 10 pharmacies in Edmonton currently providing immunizations, and several were already scheduling Phase 2A appointments. Hinshaw said some pharmacies have already started taking those appointments because they have stores of Pfizer vaccine that could be set to expire soon.

“We have also indicated to pharmacies that if they have doses of vaccine (that) will be expiring, that they should using those so that we don’t waste that produce,” she said.

“And so there may be pharmacies that have appointments open that haven’t been taken by those 75 plus, and then they would naturally go on to that next eligible category in order to not waste the vaccine.”

Alberta Health later said in an email that while pharmacies are taking those bookings, people are being asked to “be patient” and wait until Monday.

Read more:
Alberta COVID-19 vaccine booking site experiences ‘very high volumes’ as appointments open to those 75 and older

Hinshaw said the province is still working through the expression of interest process of getting doctors’ offices and clinics added to the list of places where vaccines can be administered. She said pharmacies have been the dominant provider of flu vaccines in Alberta, which means they already have the infrastructure in place for storage and tracking of vaccines that few clinics currently have.

Read more:
AstraZeneca’s COVID-19 vaccine not recommended for people in Canada over age 65: NACI

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Hinshaw said roughly half the current supply of AstraZenica vaccine has to be used up before April 2, with the remainder having a longer shelf life.

With the current uptake in appointments, she doesn’t forsee any issue with having those vaccines in Albertans’ arms before their expiry date.

“With respect to whether Albertans might be waiting for an mRNA vaccine — the Pfzer or the Moderna – it’s difficult to say. I do think that we have good evidence, certainly real-world evidence out of the U.K., that the AstraZenica vaccine is effective at preventing severe outcomes in the individual who receives it,” Hinshaw said.

“So I would encourage Albertans who are eligible for vaccine to look at the options and then choose the vaccine that they’re able to get as soon as they can.”

16-week gap between shots

Starting Wednesday, appointments for first and second COVID-19 vaccine doses in Alberta will be spaced up to 16 weeks apart, but one infectious diseases researcher said that may not always be the case.

The change in timing comes after a recommendation from the National Advisory Committee on Immunization (NACI), which cited evidence showing there was some protection against severe outcomes after the first dose.

Read more:
Provinces, territories can wait 4 months to administer 2nd COVID-19 shot, NACI says

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Up until Wednesday, doses were being spaced out up to six weeks in Alberta, which is already more than the two- and three-week recommendations of manufacturers Pfizer and Moderna.
However, it is not clear how long the province may follow the NACI recommendation of up to 16 weeks.

“It’s certainly possible that the door has been left open to be able to revert back to the timelines that were on the box, on the label, and that we have more data for,” said Dr. Ilan Schwartz, an infectious diseases researcher at the University of Alberta.

“That said, from the standpoint of getting as many people as quickly as possible, it does make sense to hold off on those first doses initially, based on the data that has emerged. But I think as supply ramps up and starts to catch up with demand, I think certainly there could be a situation where that recommendation is relaxed.”

Read more:
Alberta considers further extending time between doses of COVID-19 vaccine

Schwartz said it may be possible to see large windows where people can select their date for a follow-up appointment.

Case numbers

Alberta labs confirmed an additional 399 new COVID-19 infections over the last 24 hours, from roughly 10,400 tests, putting the province’s positivity rate at 3.7 per cent.

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A total of 254 people were being treated in the province’s hospitals, with 37 of them in intensive care units.

Two deaths were reported on Wednesday.

A woman in her 70s in the Calgary zone with no known comorbidities died. A woman in her 80s in the Central zone also died. Her case included comorbidities, according to Alberta Health.


Click to play video 'Alberta identifies 47 COVID-19 variant cases Wednesday'



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Alberta identifies 47 COVID-19 variant cases Wednesday


Alberta identifies 47 COVID-19 variant cases Wednesday

Forty-seven new cases of variants of concern were also detected in the province, bringing the total number of cases since Dec. 15 to 734.

Hinshaw said the percentage of variant cases in Alberta’s total case numbers has risen slightly in six weeks, from three per cent in late January to nine per cent currently – which is significantly lower than other jurisdictions, which have seen their cases rise from three to four per cent to nearly 50 per cent in the same time frame.

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“This means that our health measures — both the overall restrictions, as well as the targeted measures for variant cases – are working to slow the growth. And if we continue to work together, we can continue to limit the spread.”

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Tesla Promises Cheap EVs by 2025 | OilPrice.com – OilPrice.com

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Tesla Promises Cheap EVs by 2025 | OilPrice.com



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Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

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Tesla has promised to start selling cheaper models next year, days after a Reuters report revealed that the company had shelved its plans for an all-new Tesla that would cost only $25,000.

The news that Tesla was scrapping the Model 2 came amid a drop in sales and profits, and a decision to slash a tenth of the company’s global workforce. Reuters also noted increased competition from Chinese EV makers.

Tesla’s deliveries slumped in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a sign that even price cuts haven’t been able to stave off an increasingly heated competition on the EV market.

Profits dropped by 50%, disappointing investors and leading to a slump in the company’s share prices, which made any good news urgently needed. Tesla delivered: it said it would bring forward the date for the release of new, lower-cost models. These would be produced on its existing platform and rolled out in the second half of 2025, per the BBC.

Reuters cited the company as warning that this change of plans could “result in achieving less cost reduction than previously expected,” however. This suggests the price tag of the new models is unlikely to be as small as the $25,000 promised for the Model 2.

The decision is based on a substantially reduced risk appetite in Tesla’s management, likely affected by the recent financial results and the intensifying competition with Chinese EV makers. Shelving the Model 2 and opting instead for cars to be produced on existing manufacturing lines is the safer move in these “uncertain times”, per the company.

Tesla is also cutting prices, as many other EV makers are doing amid a palpable decline in sales in key markets such as Europe, where the phaseout of subsidies has hit demand for EVs seriously. The cut is of about $2,000 on all models that Tesla currently sells.

By Charles Kennedy for Oilprice.com

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Why the Bank of Canada decided to hold interest rates in April – Financial Post

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Divisions within the Bank of Canada over the timing of a much-anticipated cut to its key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face of stronger domestic demand — or even pick up again in the event of “new surprises.”

“Some members emphasized that, with the economy performing well, the risk had diminished that restrictive monetary policy would slow the economy more than necessary to return inflation to target,” according to a summary of deliberations for the April 10 rate decision that were published Wednesday. “They felt more reassurance was needed to reduce the risk that the downward progress on core inflation would stall, and to avoid jeopardizing the progress made thus far.”

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Others argued that there were additional risks from keeping monetary policy too tight in light of progress already made to tame inflation, which had come down “significantly” across most goods and services.

Some pointed out that the distribution of inflation rates across components of the consumer price index had approached normal, despite outsized price increases and decreases in certain components.

“Coupled with indicators that the economy was in excess supply and with a base case projection showing the output gap starting to close only next year, they felt there was a risk of keeping monetary policy more restrictive than needed.”

In the end, though, the central bankers agreed to hold the rate at five per cent because inflation remained too high and there were still upside risks to the outlook, albeit “less acute” than in the past couple of years.

Despite the “diversity of views” about when conditions will warrant cutting the interest rate, central bank officials agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target, according to the summary of deliberations.

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They considered a number of potential risks to the outlook for economic growth and inflation, including housing and immigration, according to summary of deliberations.

The central bankers discussed the risk that housing market activity could accelerate and further boost shelter prices and acknowledged that easing monetary policy could increase the likelihood of this risk materializing. They concluded that their focus on measures such as CPI-trim, which strips out extreme movements in price changes, allowed them to effectively look through mortgage interest costs while capturing other shelter prices such as rent that are more reflective of supply and demand in housing.

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They also agreed to keep a close eye on immigration in the coming quarters due to uncertainty around recent announcements by the federal government.

“The projection incorporated continued strong population growth in the first half of 2024 followed by much softer growth, in line with the federal government’s target for reducing the share of non-permanent residents,” the summary said. “But details of how these plans will be implemented had not been announced. Governing council recognized that there was some uncertainty about future population growth and agreed it would be important to update the population forecast each quarter.”

• Email: bshecter@nationalpost.com

Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here.

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Meta shares sink after it reveals spending plans – BBC.com

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Woman looks at phone in front of Facebook image - stock shot.

Shares in US tech giant Meta have sunk in US after-hours trading despite better-than-expected earnings.

The Facebook and Instagram owner said expenses would be higher this year as it spends heavily on artificial intelligence (AI).

Its shares fell more than 15% after it said it expected to spend billions of dollars more than it had previously predicted in 2024.

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Meta has been updating its ad-buying products with AI tools to boost earnings growth.

It has also been introducing more AI features on its social media platforms such as chat assistants.

The firm said it now expected to spend between $35bn and $40bn, (£28bn-32bn) in 2024, up from an earlier prediction of $30-$37bn.

Its shares fell despite it beating expectations on its earnings.

First quarter revenue rose 27% to $36.46bn, while analysts had expected earnings of $36.16bn.

Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said its spending plans were “aggressive”.

She said Meta’s “substantial investment” in AI has helped it get people to spend time on its platforms, so advertisers are willing to spend more money “in a time when digital advertising uncertainty remains rife”.

More than 50 countries are due to have elections this year, she said, “which hugely increases uncertainty” and can spook advertisers.

She added that Meta’s “fortunes are probably also being bolstered by TikTok’s uncertain future in the US”.

Meta’s rival has said it will fight an “unconstitutional” law that could result in TikTok being sold or banned in the US.

President Biden has signed into law a bill which gives the social media platform’s Chinese owner, ByteDance, nine months to sell off the app or it will be blocked in the US.

Ms Lund-Yates said that “looking further ahead, the biggest risk [for Meta] remains regulatory”.

Last year, Meta was fined €1.2bn (£1bn) by Ireland’s data authorities for mishandling people’s data when transferring it between Europe and the US.

And in February of this year, Meta chief executive Mark Zuckerberg faced blistering criticism from US lawmakers and was pushed to apologise to families of victims of child sexual exploitation.

Ms Lund-Yates added that the firm has “more than enough resources to throw at legal challenges, but that doesn’t rule out the risks of ups and downs in market sentiment”.

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