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Worker from JBS meat packing plant near Brooks dies with COVID-19 test pending – Global News

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Provincial health officials confirmed Wednesday that a worker from the JBS meat packing plant near Brooks, Alta., has died while awaiting results from a COVID-19 test. 

“There are two additional deaths in Brooks in people with COVID (tests) pending, one of those was a worker at the JBS plant site,” said Dr. Deena Hinshaw, Alberta Chief Medical Officer of Health.

Hinshaw said there are now 96 confirmed cases of COVID-19 among workers at the plant.

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3:02
Cargill meat plant temporarily closing amid COVID-19 outbreak


Cargill meat plant temporarily closing amid COVID-19 outbreak

In a statement to Global News, JBS spokesperson Cameron Bruett said the Brooks facility will remain open to continue to provide food for the country.

“We will not operate a facility if we do not believe it is safe.  We are working diligently to prevent the spread of COVID-19 and have adopted enhanced safety measures, health protocols and worker benefits to keep our workplaces, team members and products safe,” Bruett said.

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“We’re certain that the transmission is happening outside the plant at an exponential rate as compared to in, because we don’t have any confirmed transmission within the plant from a worker being with another worker,” Brooks Mayor Barry Morishita said on Wednesday. “They take extreme caution and I think they’ve been doing a good job there.”


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1 death connected to Cargill meat plant in High River as plant ‘idles’ processes

The union representing workers at the JBS plant is calling on the company to shut down the facility for two weeks.

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“What we’re asking for is a consistent approach when we do have a positive find in a plant,” national president of the Agriculture Union Fabian Murphy said. “We think that the 14 day shutdown period will allow for the incubation period to determine who is healthy enough to go back to work.”

“It’s a community issue as well,” Murphy said. “It’s not just a workplace issue here. Those folks that are in the plants, if they contact COVID-19, they’re going to bring it home to their families and then it gets spread throughout the community.”






2:49
Tips for avoiding community transmission of COVID-19


Tips for avoiding community transmission of COVID-19

The Alberta Federation of Labour is calling on Alberta’s government to launch an investigation into the death of a woman who worked at meat packing plant south of Calgary in Cargill. The woman in her 60’s died of COVID-19.

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Global News has reached out for comment from Cargill on the call for an investigation, but hasn’t received a response at time of publication.


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28 workers at Vancouver chicken processing plant test positive for coronavirus






3:36
Health care officials reveal new COVID-19 outbreak at Vancouver poultry plant


Health care officials reveal new COVID-19 outbreak at Vancouver poultry plant

As of Wednesday afternoon, Alberta health officials have confirmed 580 cases of COVID-19 connected with the meat plant.

A day before the shutdown was announced Cargill told Global News all staff were having their temperature checked upon arrival and that face masks were being handed out to all employees as well.  Additional safety protocols including enhanced cleaning and sanitizing had also been added, along with staggered break times and shift flexibility.

Health officials, however, are learning that the virus is not just spreading among workers inside these facilities, but how workers travel to and from the job site can pose a threat as well.






4:10
Coronavirus: Female employee at Cargill plant died within days of feeling ill


Coronavirus: Female employee at Cargill plant died within days of feeling ill

“I think we’re up to six plants that have been affected by COVID now in Canada and in most cases, worker mobility was a huge issue,” said Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University.

“Its very difficult to implement physical distancing measures when everyone is in a bus or everyone is carpooling and there are some immigrant workers living together as well.”

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Charlebois believes a shut down at the JBS facility is inevitable but having it happen while Cargill is down will have a significant impact on the country’s food supply.

“Both of them combined together would represent roughly about 70% of all the beef that is processed in Canada for Canadians.”

© 2020 Global News, a division of Corus Entertainment Inc.

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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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