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B.C. health officials to provide first COVID-19 update in 5 days – CBC.ca

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Provincial Health Officer Dr. Bonnie Henry and Health Minister Adrian Dix announced 2,206 new cases of COVID-19 detected in B.C. and 74 deaths since Christmas Eve.

Henry announced that as of Tuesday, there are 7,580 active cases of COVID-19 in B.C. A record high of 373 people are in hospital, including 80 in intensive care.

Henry choked up when speaking about the 74 lives lost to COVID-19. Their deaths mean that so far, 882 British Columbians have died of the disease.

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 “Our condolences go out to all the families who are mourning their loss,” Henry said. “To the care providers and to our communities who have lost loved ones.

“We know that this is the most challenging time to deal with these issues. Not only because of COVID, but because of the time of year. We mourn with you and feel your loss intensely.”

Henry reported eight new outbreaks in the health-care system over the last weekend. There are 56 active outbreaks in long-term care and eight in acute care.

While daily case numbers are trending downwards, Henry said her worry is that the trend is in part due to people not getting tested as often during the holiday period as they were before.

No more signs of U.K. variant — so far

As health officials revealed this weekend, a Vancouver Island resident in mandatory 14-day quarantine after arriving home from the United Kingdom tested positive for a new variant of the novel coronavirus first detected in the U.K.

Henry said there was no evidence suggesting the new variant is more likely to cause severe illness, nor is there evidence to suggest approved vaccines for COVID-19 will be any less effective.

WATCH | Dr. Bonnie Henry talks about the person who tested positive for the U.K. coronavirus variant:

Dr. Bonnie Henry says the person who tested positive for the new COVID-19 variant was in quarantine after returning to B.C. from the U.K. 1:30

She said the B.C. Centre for Disease Control has been sequencing coronavirus genomes for months to find changes in the virus and to see where variants might be coming from.

Once the U.K. variant was identified, Henry said the B.C. CDC sequenced the genome of viruses from people who had tested positive in recent weeks and so far, no more instances of the U.K. variant have been found.

Other positive tests from people in B.C. who have come through the U.K. are being sequenced now, Henry said.

“It may well be that we will identify additional people who have this variant who are here in B.C. now,” Henry said.

‘Critical period’

Henry added that the suspected increased infectiousness of the U.K. variant drives home the need to follow public health guidelines and orders to stop the spread of the coronavirus — regardless of the strain.

That means keeping hands washed, staying away from others if you are ill, isolating if you’ve been exposed, wearing a mask where required, keeping physical distances and keeping numbers small.

“Right now, that’s also an order: that you need to stay with your household for any social gatherings,” Henry said, adding those who live alone can gather with one or two close friends.

That order is in place until Jan. 8 and must be followed on New Year’s Eve, Henry said. She appealed to British Columbians to do so in order to give health care workers a break.

Raise a glass to 2021, she suggested, get takeout, but keep it within the household or connect virtually.

“This is what we need to do to get over this hump in our pandemic and make sure we enter 2021 positioned to immunize people who are most at risk and to get us through this next hard few weeks,” Henry said.

Moderna vaccine on its way

Henry said 11,930 British Columbians have now been vaccinated with the Pfizer-BioNTech vaccine.

The Moderna vaccine began arriving in B.C. on Tuesday, Henry said, with more arriving in coming days. She said as soon as it arrives it will go out to remote and isolated First Nations communities.

She said the groundwork has been laid with partners such as First Nations and the First Nations Health Authority to make sure logistics, training and supplies are in place.

“This is a very exciting and important move for us here in British Columbia,” Henry said.

The Moderna vaccine has less demanding handling requirements, which makes it more suitable for remote communities.

So far, Henry reported, two people have had allergic reactions to COVID-19 vaccination. She said this was not unexpected.

Both people who had reactions were treated, she said, and have fully recovered. Both were health care workers.

1 dose instead of 2?

Vaccinations were down over the weekend but Henry said training and logistics were a focus in those days. She said those elements are both important to have right with the “fussy” vaccines, and it’s not accurate to say vaccination-related activity was on pause.

Responding to a question about the head of Ontario’s COVID-19 vaccine task force calling on Health Canada to “look into” the possibility of providing Moderna’s vaccine as a single dose, rather than two, Henry said such a change would “absolutely” be helpful to get the most out of the vaccine supply.

“It would be just wonderful if people only needed a single dose,” she said. “That would make our lives so much easier.”

A COVID-19 vaccination site is pictured in Vancouver Monday. (Ben Nelms/CBC)

Henry said experts around the world are looking at data about vaccine efficacy after just the first dose, but right now it is a two-dose program.

For December and January, all the doses B.C. has received of both the Pfizer and Moderna vaccines are being used for first doses. None are being held back for second doses because there is greater confidence in the supply chain.

Henry said second doses for some people will occur in February — 35 days after the first — and there is good data suggesting immunity will hold out for that time.

First update in 5 days

Henry and Dix had held their last news conference on Dec. 23. New numbers were released online on Christmas Eve, but the province hasn’t had any fresh data since.

It will still be several days before numbers reflect whether holiday gatherings lead to a spike in new cases, given the virus’s 14-day incubation period.

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Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin's Fourth Halving Arrives – Investor's Business Daily

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[unable to retrieve full-text content]

  1. Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin’s Fourth Halving Arrives  Investor’s Business Daily
  2. Iran fires at apparent Israeli attack drones: Mideast tensions  The Associated Press
  3. S&P 500 extends losing streak to sixth day, Dow up 210 points  Yahoo Canada Finance
  4. Stock Market Today: Dow, S&P Live Updates for April 19  Bloomberg
  5. Stock market today: Wall Street limps toward its longest weekly losing streak since September  CityNews Kitchener

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Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics – Yahoo Canada Finance

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Netflix (NFLX) stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street.

On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion.

The company said it will stop reporting quarterly membership numbers starting next year, along with average revenue per member, or ARM.

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“As we’ve evolved our pricing and plans from a single to multiple tiers with different price points depending on the country, each incremental paid membership has a very different business impact,” the company said.

Netflix reported first quarter earnings that beat across the board on Thursday, with another 9 million-plus subscribers added in the quarter.

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Subscriber additions of 9.3 million beat expectations of 4.8 million and followed the 13 million net additions the streamer added in the fourth quarter. The company added 1.7 million paying users in Q1 2023.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year as the streamer leaned on revenue initiatives like its crackdown on password-sharing and ad-supported tier, in addition to the recent price hikes on certain subscription plans.

Netflix’s stock has been on a tear in recent months, with shares currently trading near the high end of its 52-week range. Wall Street analysts had warned that high expectations heading into the print could serve as an inherent risk to the stock price.

Earnings per share (EPS) beat estimates in the quarter, with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.68, ahead of consensus calls for $4.54.

Profitability metrics also came in strong, with operating margins sitting at 28.1% for the first quarter compared to 21% in the same period last year.

The company previously guided to full-year 2024 operating margins of 24% after the metric grew to 21% from 18% in 2023. Netflix expects margins to tick down slightly in Q2 to 26.6%.

Free cash flow came in at $2.14 billion in the quarter, above consensus calls of $1.9 billion.

Meanwhile, ARM ticked up 1% year over year — matching the fourth quarter results. Wall Street analysts expect ARM to pick up later this year as both the ad-tier impact and price hike effects take hold.

On the ads front, ad-tier memberships increased 65% quarter over quarter after rising nearly 70% sequentially in Q3 2023 and Q4 2023. The ads plan now accounts for over 40% of all Netflix sign-ups in the markets it’s offered in.

FILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File PhotoFILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo

Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo (REUTERS / Reuters)

Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

Read the latest financial and business news from Yahoo Finance

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack – OilPrice.com

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack | OilPrice.com



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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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  • Oil prices initially spiked on Friday due to unconfirmed reports of an Israeli missile strike on Iran.
  • Prices briefly reached above $90 per barrel before falling back as Iran denied the attack.
  • Iranian media reported activating their air defense systems, not an Israeli strike.

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Oil prices gave up nearly all of early Friday’s gains after an Iranian official told Reuters that there hadn’t been a missile attack against Iran.

Oil surged by as much as $3 per barrel in Asian trade early on Friday after a U.S. official told ABC News today that Israel launched missile strikes against Iran in the early morning hours today. After briefly spiking to above $90 per barrel early on Friday in Asian trade, Brent fell back to $87.10 per barrel in the morning in Europe.

The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported.

Israel’s retaliation for Iran’s missile strikes last week was seen by most as a guarantee of escalation of the Middle East conflict since Iran had warned Tel Aviv that if it retaliates, so will Tehran in its turn and that retaliation would be on a greater scale than the missile strikes from last week. These developments were naturally seen as strongly bullish for oil prices.

However, hours after unconfirmed reports of an Israeli attack first emerged, Reuters quoted an Iranian official as saying that there was no missile strike carried out against Iran. The explosions that were heard in the large Iranian city of Isfahan were the result of the activation of the air defense systems of Iran, the official told Reuters.

Overall, Iran appears to downplay the event, with most official comments and news reports not mentioning Israel, Reuters notes.

The International Atomic Energy Agency (IAEA) said that “there is no damage to Iran’s nuclear sites,” confirming Iranian reports on the matter.

The Isfahan province is home to Iran’s nuclear site for uranium enrichment.

“Brent briefly soared back above $90 before reversing lower after Iranian media downplayed a retaliatory strike by Israel,” Saxo Bank said in a Friday note.

The $5 a barrel trading range in oil prices over the past week has been driven by traders attempting to “quantify the level of risk premium needed to reflect heightened tensions but with no impact on supply,” the bank said, adding “Expect prices to bid ahead of the weekend.”

At the time of writing Brent was trading at $87.34 and WTI at $83.14.

By Tsvetana Paraskova for Oilprice.com

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