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Canada's top public health doctor says vaccine results so far are very encouraging – CTV News

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OTTAWA —
Canada’s struggling COVID-19 vaccination efforts saw multiple positive signs Friday, with further evidence one dose of a leading vaccine could be almost as good as two, news that Pfizer’s vaccine might not need to be kept extraordinarily cold, and a major milestone toward herd immunity passed.

On Friday morning, the millionth Canadian received a first dose of either the Pfizer-BioNTech or Moderna vaccine. The marker came weeks later than expected after nearly a month of shrunken shipments from both Pfizer and Moderna.

Despite the slower than expected start, Canada’s chief public health officer Dr. Theresa Tam said “we can be very optimistic” about the performance of the vaccines so far.

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While both Pfizer-BioNTech and Moderna say their vaccines need two doses for full effectiveness, given three or four weeks apart, evidence is mounting that the first dose might be almost as good by itself.

Quebec reported Thursday the vaccines given there had been 80 per cent effective at preventing COVID-19 two weeks after a single dose for health care workers, and three weeks after a single dose for elderly long-term care residents.

British Columbia reported similar results Friday.

And a study in the medical journal The Lancet published Thursday showed after two to four weeks, a single dose was 85 per cent effective at preventing symptomatic COVID-19 infections in more than 7,000 health care workers vaccinated in Israel in December and January.

“It is incredible, I think, that we have such an efficacious tool,” Tam said.

Health Canada and provincial public health officials are examining the data actively right now as a discussion continues about whether single doses should be offered to more people, and second doses delayed until most highly vulnerable people have received their first.

Pfizer and BioNTech also now say their vaccine can be stored for up to two weeks at temperatures in a standard freezer — between -15C and -25C — potentially making it easier to use the vaccine in more remote locations.

That vaccine currently is to be stored at ultralow temperatures between -60C and -80C, and then can be thawed in a fridge for five days before being mixed with saline to inject.

The requirement has limited the places Pfizer’s vaccine is used in Canada. The northern territories and northern First Nations have been limited to Moderna’s product, which is shipped and stored in regular freezers already.

Pfizer and BioNTech applied to the U.S. Food and Drug Administration Friday to change that requirement to allow up to two weeks of regular freezer storage before thawing in the fridge, after testing showed that did not degrade the vaccine.

Pfizer Canada spokeswoman Christina Antoniou said the same application will be made in Canada soon.

Canada’s vaccine deliveries exploded this week, with 403,650 doses arriving from Pfizer. Canada expects to get more than four million more doses from Pfizer and Moderna over the next six weeks.

That news has allowed several provinces to expand their vaccination offerings beyond the first priority groups in long-term care homes and front-line health workers. At least three provinces — Nova Scotia, Ontario and Alberta — announced details for getting vaccines to seniors living in the community.

Nova Scotia’s chief medical officer of health Dr. Robert Strang said next week the first of 10 community-based clinics will open to get vaccines to people over the age of 80.

Retired general Rick Hillier, heading up Ontario’s vaccination efforts, said Canada’s most populous province will be able to start vaccinating people over the age of 80 by the middle of March.

And Alberta Premier Jason Kenney said next week people in his province who are at least 75 years old will be able to start making vaccine appointments. Kenney said second doses of vaccines have been offered to every eligible resident of the province’s long-term care homes.

This report by The Canadian Press was first published Feb. 19, 2021.

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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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