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'Patchwork quilt' approach to COVID-19 vaccine rollout frustrates worker groups – Canada News – Castanet.net

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The rollout of COVID-19 vaccinations across the country is frustrating several groups of workers who identify as front-line employees and want to be bumped up in the queue.

The National Advisory Committee on Immunization makes recommendations for the use of vaccines and groups that should be prioritized, but each province has the responsibility for health care.

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“It is frustrating,” said Shelley Morse, president of the Canadian Teachers’ Federation, in Wolfville, N.S.

“We know that (the committee) is calling for prioritization of different working groups. And when they call for people in ‘congregate settings’ to be prioritized that would include teachers and education workers.”

She said the federation’s 300,000 members who work in classrooms are at risk and should be included in the second phase of vaccinations across Canada.

Ontario, Quebec, New Brunswick and the Northwest Territories are including teachers in that phase, Morse said, but not other jurisdictions.

She said the federal and provincial governments need to sit down and agree to a national list.

“When it comes to the pandemic, we have to stop pointing fingers and saying, ‘That’s not my job. That’s your job.’ The governments need to listen to the epidemiologists, look at the data, see the evidence and do what’s right.”

Federal cabinet minister Jim Carr, the government’s special representative to the Prairies, has said Ottawa is willing to work with the provinces — but they have the final say.

“We’re working closely with the provinces and public-health partners on the immunization campaign,” he told a recent news conference.

“Provinces are the lead, but we are doing everything we can to get vaccines where they’re needed.”

The executive director of the Canadian Public Health Association calls the lack of co-operation an “ongoing problem.”

“There are different standards for immunizations generally across the country,” said Ian Culbert.

“It’s a catch-22. That flexibility provides provinces and territories the ability to respond to their local circumstances. But it creates a patchwork-quilt approach that says if cancer patients in P.E.I. are being prioritized, why aren’t they being prioritized in Alberta?”

The list of groups asking to be moved up in the queue behind front-line health workers and older Canadians continues to grow and also includes agriculture workers, grocery store staff, meat-plant employees, prison guards, community doctors and cab drivers.

The National Police Federation and several police unions also have called for priority for officers

“We have a very uncontrolled and unpredictable environment,” said Regina Police Chief Evan Bray.

“We are asking in the middle of the night to bring people who are COVID-positive into our detention unit to hold them until we can find a detention facility where they can go.”

James Bloomfield with the Union of Canadian Correctional Officers said he had hoped guards would be vaccinated at the same time as inmates, just as staff in long-term care homes were vaccinated along with residents.

“We’re a federal agency and, unfortunately, instead of combining us with the military or other federal agencies, they left us out and left us to the provinces,” he said from Winnipeg.

“The concern for us is the mismatch and the sort of pieced-together plan for all the different provinces.”

An advocate for the homeless in Calgary said people living on the streets should be prioritized.

Chaz Smith, founder of BeTheChangeYYC, said homeless people are more prone to infections, hospitalizations and to dying of COVID-19.

He said the immunization committee recommends priority for those who are at high risk of illness and death and are likely to transmit the virus.

“When we look at this population, in kind of communal settings and groups, they’re more immune-compromised and more likely to transmit. They should be prioritized.”

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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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