Canada’s health authority has given the green light to mix-and-match COVID-19 vaccines, but as the world reopens, not all are recognizing a mix of vaccines from different makers as fully vaccinated, despite millions of Canadians doing so.
Here’s who has announced so far they do not accept mixed vaccines.
Cruises
The Centre for Disease Control (CDC), the U.S.’s main health body, does not currently recognize a mix of a vector vaccine, such as AstraZeneca, with an mRNA vaccine, such as Pfizer or Moderna, as fully vaccinated.
It does, however, recognize a mix of two mRNA vaccines, such as Pfizer and Moderna, as fully vaccinated.
As such, many cruise lines are following the CDC’s guidance in their own protocols for who can come aboard.
Princess Cruises, Celebrity Cruises, Carnival Cruise Line and Holland America have said they will not recognize those who have mixed an AstraZeneca vaccine with an mRNA vaccine as fully vaccinated, citing CDC’s guidance.
“Following CDC guidelines, Celebrity will consider a guest ‘fully vaccinated’ with proof of vaccination that can include mixed doses of the Pfizer and Moderna mRNA vaccines only. No other mixed vaccine doses will qualify a guest as ‘fully vaccinated,’” Celebrity Cruises’ website reads.
Carnival’s policy applies for cruises leaving from U.S. ports.
2:31 Mixing and matching vaccines problem for West Kelowna cruise ship lover
Mixing and matching vaccines problem for West Kelowna cruise ship lover
Norwegian Cruise Line is going further and not accepting any mix of vaccines, including two mRNA vaccines, when departing from U.S. ports, but will accept a mix of “only AstraZeneca-SK Bio, Pfizer-BioNTech or Moderna combinations” from non-U.S. ports.
Royal Caribbean will not accept mixed doses when departing from a U.S. port, but will from non-U.S. ports, depending on the specific country’s policy.
Already Canadians have been caught off-guard by some of these policies.
Travel bloggers Karen and Brian Hosier of Port Coquitlam, B.C., have six cruises booked over the next year, but both were first vaccinated with AstraZeneca and and then Pfizer.
Zahid Butt, an infectious disease epidemiologist at the University of Waterloo, said there is no evidence to show that mixing-and-matching vaccines is harmful and said studies show that mixing AstraZeneca with a second dose of Pfizer is better in creating antibody response to the virus.
“There is no scientific evidence to say people who have a second dose, which is of a different vaccine, would have lesser immunity than the ones who have the same vaccine,” he said.
“There has to be scientific evidence to justify why you are not allowing people to join cruises.”
Countries
In addition to cruises, some countries have their own policies toward mixed vaccines, as well as the COVISHIELD vaccine — the Indian-made version of AstraZeneca.
Trinidad and Tobago currently do not accept travellers with a mix of Moderna and Pfizer vaccines but does allow an AstraZeneca and Pfizer or Moderna mix.
3:40 “It means the world”: Families, friends reunite as UK eases COVID-19 travel rules
“It means the world”: Families, friends reunite as UK eases COVID-19 travel rules
“For 2-dose series COVID-19 vaccines, passengers must have received 2 doses of the same vaccine OR the first dose of the AstraZeneca vaccine followed by the second dose of the Pfizer vaccine,” the country’s travel requirements read.
“Passengers with any other combination of vaccines would NOT be considered fully vaccinated, at this time.”
Barbados reversed its policy on July 15 to allow mixed vaccines after initially not accepting it.
Elsewhere in the Caribbean, Jamaica will accept anyone with two doses of a World Health Organization-approved (WHO) vaccine, mixed or not, and Cuba and the Dominican Republic have no vaccine requirements.
While the U.S. doesn’t currently require vaccinations for travellers, the CDC’s guidance could pose trouble for some Canadians if the country were to use its guidance in its travel requirements. The U.S. also has not approved the AstraZeneca vaccine.
Already a Lady Gaga and Tony Bennett concert will require full vaccination under New York state’s guidelines, which currently follow the CDC’s lead — meaning no mix-and-match of AstraZeneca with an mRNA vaccine.
The WHO currently has not issued guidance on mixing vaccines but said that there is currently limited data on doing so and warned of a “dangerous trend” of vaccine shopping for extra doses.
According to Health Canada, at least 1.3 million Canadians mixed doses in June.
3:23 NACI recommends mixing AstraZeneca, Pfizer, Moderna COVID-19 vaccines, Tam says
NACI recommends mixing AstraZeneca, Pfizer, Moderna COVID-19 vaccines, Tam says – Jun 1, 2021
Over in Europe, several countries, such as Italy, Portugal and Poland, do not recognize COVISHIELD, which has been approved in Canada and has been administered to over 80,000 Canadians.
This means that visitors with that vaccine must quarantine and provide a COVID-19 test.
A growing number of European countries, though, do accept the vaccine, including Spain, Greece, Iceland and France.
In response to some of these policies, Quebec will now allow its residents to get a third shot of an mRNA COVID-19 vaccine to avoid policies against mixing vaccines and the COVISHIELD vaccine.
The province warns, though, to seek advice and weigh the risks before getting an extra shot.
“This measure is exceptional and the person should be properly counselled to be informed of the potential risks associated with this additional dose, compared to the benefits of the planned trip,” Quebec’s health department said in a statement.
– With files from Julia Wong and Alessia Simona Maratta
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.
“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.
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.
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.
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.
Premier David Eby is warning real estate investors and speculators that his government is tilting the rules toward families seeking homes as it tightens the rules on short-term rentals.
Eby said Thursday that the rule changes on May 1 will limit short-term rental units to within the principal home of a host, but the move isn’t a ban on platforms such as Airbnb if they aren’t used to create de facto hotels from B.C.’s housing stock.
“If there’s a major event [such as a] Taylor Swift concert, a FIFA-like event and somebody wants to rent out their primary residence and go away for the weekend to avoid the crush of the crowds, they can still do that,” Eby said.
The changes were announced by the government last spring, giving those who own short-term rentals a year to conform.
Eby said the changes will allow both the province and local governments to crack down on speculators.
“If you’re flipping homes, if you’re buying places to do short-term rental, if you’re buying a home to leave it vacant, we have consistently, publicly, repeatedly sent the message: Do not compete with families and individuals that are looking for a place to live with your investment dollars.”
Eby made his comments as the province announced new figures gathered in March that showed more than 19,000 entire homes being listed as short-term rentals.
Housing Minister Ravi Kahlon said the new rules also require short-term rental platforms such as Airbnb to share listed property data with the province and local governments.
He said they expect a significant amount of the homes listed on short-term sites to be back in the long-term rental pool.
“Our view is even if half of those units were to come back onto the market, that is substantial,” Kahlon said. “The cost that it takes to build new housing, when you can get even half of the 19,000 back on the market, that’ll make a substantial difference in our communities.”
He said previous efforts to limit short-term rentals are increasing housing supply in some places.
“We’re seeing, already, in many communities that action happening,” Kahlon said. “We have heard many stories of people finding rentals now because of opportunities when it comes to short-term rentals coming onto the market.”
The new principal residence requirement for short-term rentals will allow local governments to request that a platform remove listings that don’t display a valid business licence.
Valid short-term rental hosts will also be required to display a business licence number on their listings if a licence is required by local government.
The new rules will apply to more than 60 B.C. communities, and Kahlon said a compliance enforcement unit will be phased in to help municipalities deal with rule violations.
Much of the monitoring and enforcement, however, will be conducted online through a new rental data portal that will allow local governments to track and request removal of listings from platforms.
“With this new digital portal, local governments will be able to upload, within moments, listings that they believe are operating illegally within their community,” Kahlon said.
The platform will have five days to remove listings that aren’t following the rules, and if they don’t, they will be fined, he said, noting there’s an up-to-$10,000-a-day-per-listing fine for platforms that don’t co-operate.
“We believe that’s enough of a deterrent for the platforms to co-operate with local governments,” said Kahlon
A website launched Thursday for hosts will allow them to get information about their requirements from the province and their municipality, and their responsibility to notify anyone that’s booked.
“Hosts and platforms have a responsibility to notify anyone that’s booking of all the changes that have been coming,” said Kahlon. “They’ve been notified about this since September or October when the legislation has come in, and they’ve had plenty of time to set up their policies to do that.”
The rules do include some exceptions, including some strata hotels and motels operating before last December being exempt if certain criteria are met.
Eby said the overall message to property investors looking for short-term gains is clear: Build homes that people need and government will do all it can to help expedite the process.
“But if you are standing neck and neck with a family that’s looking for a place to live, and you’re trying to do a speculative investment, [while] they’re looking for a place to live, we are going to tilt the deck every single time towards that family,” Eby said. “And we’re gonna keep doing it.”
Eby also said a positive side-effect of short-term rental regulation has been the re-emergence of hotel construction, with 1,400 rooms “in the development pipeline” in Vancouver.
“Those investors in those hotel rooms weren’t able to make the decision to proceed,” Eby said, citing the previous competition from short-term rentals. “Very clearly, with these regulations in place, there will be visitors to stay in hotel rooms, there will be a market for hotel rooms and they’re making the decision to proceed. This is very good news.”
Victoria-based Property Rights B.C. has filed a lawsuit against the province and city of Victoria to fight the new regulatory system.
It maintains the province overstepped its authority and its lawsuit is focused on preserving the rights to own and operate short-term vacation rentals. The organization is also seeking a delay in enforcement.
Asked about the lawsuit, Eby said he can’t comment on a matter that’s before the courts, “but what I can say is we’re very confident in the legal authority of the province to regulate the housing sector in this way and we’ll make the arguments that are needed in court to address that.”
More communities initially exempt from the province’s new regulations have opted in, including Gabriola Island, Mill Bay/Malahat, Cobble Hill, Cowichan Station/Sahtlam/Glenora, Cowichan Lake South/Skutz Falls, Saltair/Gulf Islands and North Oyster/Diamond. Tofino previously announced it would opt in.
Municipalities with fewer than 10,000 people, resort communities and regional districts are exempt from a requirement restricting short-term rentals to principal residences and either a secondary suite or laneway home/garden suite.
