adplus-dvertising
Connect with us

Business

COVID-19 vaccination lessons from Canada's largest-ever mass immunization effort – CTV News

Published

 on


TORONTO —
In the fall of 2009, Canada launched its largest-ever vaccination campaign to protect against an outbreak of influenza A, or H1N1, with varying degrees of success. There were delays in production, supply shortages, and difficulties administering the new vaccine.

According to Statistics Canada, by April 2010, the majority of Canadians (59 per cent or 16.5 million people) had not been vaccinated against the H1N1 virus, which was also known as the “swine flu.”

The government agency said that a total of 428 Canadians died from H1N1 and thousands more were infected. Worldwide, there were more than 18,000 deaths from the virus. 

300x250x1

There were a number of reasons why there were delays in the rollout of the vaccine in Canada – timing being a key one – as the H1N1 virus spread in the spring of 2009 and the vaccine wasn’t ready until months later, in the fall, when health-care providers were trying to administer seasonal flu shots.

Earl Brown, a virologist and a former member of Canada’s H1N1 Pandemic Vaccine Task Group, added that manufacturers were also preoccupied with creating a vaccine for avian influenza H5N1, or the “bird flu,” when they were forced to suddenly turn their attention to the new swine flu outbreak.

“It was a real rush because they wanted the vaccine for the winter, which they got, so that the pandemic started in the spring and then they had the vaccine for the fall,” he told CTVNews.ca during a telephone interview from Ottawa on Thursday.

While Canada’s ambitious vaccination program for H1N1 may have had some hiccups along the way, the experience may provide some valuable lessons for the administration of future vaccines, such as those already in the works to combat against COVID-19.

MANUFACTURING

During the H1N1 pandemic, the federal government was criticized for relying on only one domestic vaccine supplier, GlaxoSmithKline (GSK), to manufacture the vaccine.

Brown said countries often prefer to produce their own vaccines domestically, in case there are border closures or what he called “vaccine nationalism.” However, the dependence on only one supplier comes with its own risks because any disruptions or interruptions in the production line can cripple the whole’s country’s supply.

In the case of GSK, Brown said there were difficulties bottling the vaccine at their Quebec plant, which caused delays.

An internal review of the Public Health Agency of Canada and Health Canada’s response to the H1N1 pandemic addressed the government’s use of a sole vaccine supplier. The review stated that, at the time, there was only one manufacturer “interested in establishing sufficient domestic capacity to manufacture enough vaccine to inoculate the entire population in the event of an influenza pandemic.”

 Brown said that Canada’s manufacturing capacity for vaccines is actually quite limited.

“We really don’t have the vaccine companies to do the work here in Canada, we could do some of it, but then you’re restricting yourself too on that,” he said. “We require somewhat international companies.”

During the COVID-19 pandemic, Brown said the Canadian government has taken a proactive approach and has already secured contracts with at least four vaccine makers in the U.S. to distribute their product once it’s developed and approved by Health Canada.

“The resources being what they are, you really don’t want to restrict yourself just to the one Canadian resource, you have to reach out more, it’s just the facts of the matter,” he said.

DISTRIBUTION

The rollout of the H1N1 vaccine in the fall of 2009 was not without problems as some provinces and territories experienced long waits to receive the vaccine or were not able to inoculate people due to a lack of manpower in the health-care sector.

In the internal review of the government’s response, they noted there were delays in the beginning of the vaccine campaign due to several factors. 

They included Canada’s limited vaccine manufacturing capacity, which meant the seasonal flu vaccine had to be completed first, before work could begin on one for H1N1. The review also said production was briefly interrupted when GSK had to develop a separate vaccine for pregnant women in accordance with World Health Organization (WHO) guidance.

Due to the production delays, provinces and territories faced some initial shortages and were asked to prioritize the administration of the vaccine to segments of the population most at risk, such as health-care workers, seniors, pregnant women, children, and those vulnerable to complications. That resulted in some confusion, according to the review.

In preparation for a vaccine for the coronavirus, Brown said the Canadian government has already been pre-ordering supplies, such as vials and syringes, and working on logistics to store and transport the vaccine once it is ready.

“You have to be ready to get, store, distribute that vaccine and so that is something the public health addresses and they will have to be ready to achieve that,” he said.

Brown said it’s a considerable undertaking with respect to Canada’s population of more than 35 million people.

“Not everyone will want a vaccine, not everyone will get it, but in broad numbers, 35 million vaccines would be needed or 20 million, and then if you need two doses, that’s double that,” he said. 

Let’s block ads! (Why?)

728x90x4

Source link

Business

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

Published

 on



Tesla Promises Cheap EVs by 2025 | OilPrice.com



300x250x1


Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Related News

Tesla

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

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Related posts

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

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

Published

 on


Article content

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.”

Article content

300x250x1

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.

Article content

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.

Recommended from Editorial

  1. Bank of Canada governor Tiff Macklem during a news conference in Ottawa.

    BoC ‘committed to finishing the job’ on inflation:‘ Macklem

  2. Bank of Canada governor Tiff Macklem at a press conference in Ottawa.

    Time for Macklem to turn before it’s too late

  3. Canada's inflation rate picked up slightly in March, but the consumer price index (CPI) release suggested that core inflation continued to slow.

    ‘Welcome news’ on inflation raises odds of rate cut

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.

Share this article in your social network

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Business

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

Published

 on


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.

300x250x1

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”.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Trending