5 Minutes Read

US leading the world in COVID-19 testing, India second: Trump

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The “China virus”, Trump said, is a vicious and dangerous illness. It’s a nasty, horrible disease that should’ve never been allowed to escape China, but it did. It infected the world, and the world is suffering. But we’re going to get it taken care of, and we’re helping lots of other countries, the US president said.

The United States is leading the world in terms of COVID-19 testing and India is at second position, President Donald Trump said while giving an update on his administration’s response to the coronavirus pandemic.So far more than 140,000 Americans have died due to coronavirus and 3.8 million have tested positive. While the US economy is slowly coming back to normal, the pandemic is now spreading in the Sun Belt of the country.

As one family, we mourn every precious life that’s been lost. I pledge in their honour that we will develop a vaccine and we will defeat the virus. We’re doing very well with vaccine development and therapeutic development, Trump said at a White House news conference on Tuesday, his first on coronavirus after several weeks.

Trump also said his administration will stop at nothing to save lives and shield the vulnerable. We’ve learned so much about this disease. And we know who the vulnerable are, and we are going to indeed shield them, he said.
Trump assured that the vaccines against the novel coronavirus will be coming a lot sooner than expected.

Replying to a question, Trump said the US is leading the world” in terms of COVID-19 testing. “We’re going to be over 50 million tests,” he said, adding that “second country is India with 12 million (tests). Then you have seven million, six million, and four million. I think that we are doing a tremendous amount of testing.

The “China virus”, Trump said, is a vicious and dangerous illness. It’s a nasty, horrible disease that should’ve never been allowed to escape China, but it did. It infected the world, and the world is suffering. But we’re going to get it taken care of, and we’re helping lots of other countries, the US president said.

On tackling the virus, Trump said his administration is developing a powerful strategy. “We’ve learned a great deal about it (COVID-19) and who it targets. We are in the process of developing a strategy that’s going to be very, very powerful,” he said.

Some areas of our country are doing very well; others are doing less well. It will probably, unfortunately, get worse before it gets better, Trump said. He said the median age of those who succumb to COVID-19 infection is 78 years, adding that roughly half of all deaths have been individuals in nursing homes or in long-term care.

Young adults may often have mild or even no symptoms. They won’t even know they’re sick. They won’t have any idea that they have a virus. They won’t have any idea at all, he said, adding that youth will act responsibly. Trump said the data shows children have the lowest fatality risk as 99.96 percent of all virus fatalities are adults.

By understanding these risk profiles and learning how to treat the disease, we’ve been able to greatly reduce mortality in the United States, Trump said.
Several treatments are already available in the US that can significantly reduce the severity and duration of the disease, including remdesivir, he said.

Also Read: Pfizer-BioNTech potential COVID-19 vaccine shows promise in additional data

We’ve learned best practices for treatment of the virus at every stage and have shared these findings with medical providers, and we’ve shared them all over the world. The relationship with other countries has been very strong. We’re all working together,” Trump said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Trump urges slowdown in COVID-19 testing, calling it a ‘double-edge sword’

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

U.S. President Donald Trump on Saturday told thousands of cheering supporters he had asked U.S. officials to slow down testing for the novel coronavirus. Trump said the United States had now tested 25 million people, far more than other countries. Trump said his actions in blocking travelers from China and Europe had helped save “hundreds of thousands of lives.”

U.S. President Donald Trump on Saturday told thousands of cheering supporters he had asked U.S. officials to slow down testing for the novel coronavirus, calling it a “double-edged sword” that led to more cases being discovered, reported Reuters.

Trump said the United States had now tested 25 million people, far more than other countries.

“When you do testing to that extent, you’re gonna find more people you’re gonna find more cases. So I said to my people slow the testing down, please,” Trump told a campaign rally in Tulsa, Oklahoma, where many supporters were not wearing face masks.

A White House official said Trump was joking about his call for a slowdown in testing.

“He was obviously kidding. We are leading the world in testing and have conducted 25 million + in testing,” the official said.

Trump said his actions in blocking travelers from China and Europe had helped save “hundreds of thousands of lives.” But he said the “radical fake news” media had not given him credit for doing what he called “a phenomenal job” responding to the outbreak.

In fact, several U.S. states are reporting troubling spikes in coronavirus infection rates, mainly in the South and West, as Trump addressed America’s largest indoor gathering in months.

Health experts say expanded diagnostic testing accounts for some, but not all, of the growth in cases. They also call it a key tool in fighting the spread of the disease, which had been detected in at least 2.23 million people across the United States as of Saturday.

COVID-19, the disease caused by the novel coronavirus, has killed more than 119,000 Americans to date, according to Reuters’ running tally. A mounting volume of infections is elevating hospitalizations in some places.

In his remarks, Trump used terms such as “Kung Flu” virus and “Chinese virus” to refer to COVID-19. “That name gets further and further away from China, as opposed to calling it the Chinese virus,” he said.

Trump’s response to the outbreak has sapped his popularity.

The U.S. president initially dismissed the threat of the coronavirus, and sparred with state governors as they tried to slow its spread. His approval ratings have dropped in recent weeks, and Democratic presidential candidate Joe Biden now has a 13-point lead over Trump.

Seventy-six percent of Americans remain concerned about the spread of COVID-19, according to the latest Reuters/Ipsos poll.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Which countries are open for summer travel? Here’s the list

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The travel ban will be lifted “gradually and partially,” said European Commission Vice President Josep Borrell. It is expected travelers from low-risk countries will be allowed to visit first; Americans aren’t expected to make the first cut.

Many of the world’s greatest travel destinations are reopening to international travelers this summer.

But not all openings are created equal. A handful of countries are letting in everyone, while others are inviting only a select few.

Here is a definitive guide to the countries that are now welcoming travelers — or have indicated they will before August.

Do consider:

  • We are excluding countries that require a 14-day quarantine upon entering; we assume even those staying at the poshest of places want to occasionally leave their rooms.
  • Importantly, this is a list of where you can go — not whether you can ease back into your home country. Americans who have always dreamed of seeing the Maldives can likely do so only if they’ve got the vacation time for a 14-day quarantine upon returning home.
  • Nearly all countries have special requirements to enter; some are noted.
  • We will update this list as new information is made public.

The Caribbean

Some of the Caribbean’s most famous islands are already open, including Antigua, the US Virgin Islands (which includes St. Thomas, St. Croix and St. John), Puerto Rico and St. Lucia. Note: visitors to the latter must present a negative Covid-19 test within 48 hours of boarding a flight.

Next up? Jamaica is opening to all international travelers on June 15. On the same day, the Bahamas welcomes yachts and private flights; everyone else can join from July 1. Aruba will also open its borders to residents of Canada, Europe and other Caribbean islands (excluding the Dominican Republic and Haiti) on July 1; Americans are welcome as of July 10. Travelers to Turks and Caicos will need to wait a little longer; it opens July 22.

Other islands are more commitment-phobic. Keith Mitchell, the prime minister of Grenada, posted on Facebook that the country is considering June 30 as a “possible date for reopening.” The French isle of Saint Martin indicated visitors could come as early as July 1, but nothing official has been announced.

Europe

After a patchwork of internal border announcements in May, the EU announced Wednesday that non-Europeans would be allowed to enter from July 1.

The travel ban will be lifted “gradually and partially,” said European Commission Vice President Josep Borrell. It is expected travelers from low-risk countries will be allowed to visit first; Americans aren’t expected to make the first cut.

Italy and Bulgaria have already reopened their borders to residents of most European countries. Austria, Croatia, Cyprus, Hungary, Montenegro, Portugal, Slovenia and Slovakia have also loosened regulations, albeit to a more restricted list of countries.

Next week, the continent will take a giant leap forward in reopening for summer travel. On June 15, Germany is lifting a travel ban to 31 European countries, Greece to 29 countries (including Australia) and the Netherlands to 12 EU countries.

Iceland, Belgium and Switzerland are opening their borders to all EU and Schengen Area travelers. France has indicated, but not formally announced, it will follow suit. The date also marks when citizens of Norway and Denmark can travel between their two countries.

Spain is scheduled to reopen its borders to the EU and Schengen Area nations in July. The Schengen Area is a group of 26 European countries that includes non-EU countries like Switzerland, Norway, Liechtenstein, Iceland and the U.K.

A few considerations:

Until June 30, travelers to Greece arriving from areas of high infection rates (regardless of nationality) must take a Covid-19 test on arrival, stay overnight at a designated hotel and undergo quarantine (seven days for negative tests and 14 for positive results). Thereafter, passengers are subject to random testing.

Certain parts of southern Italy, including Puglia and Sardinia, require travelers to send health and registration forms before arriving.

Travelers who are allowed into Iceland can avoid a 14-day quarantine by testing negative for Covid-19 upon arrival at Keflavik International Airport.

Asia

Asia is largely closed to foreign holidaymakers for the time being. Japan, Vietnam and Singapore have not announced dates when they will open, though the Indonesian island of Bali is said to be reopening in October.

Rumors that Thailand was opening to international travelers on July 1 were squashed last month when Yuthasak Supasorn, the governor of the Tourism Authority of Thailand, said tourists may return in the fourth quarter of the year “at the earliest.”

So where can you explore in Asia? Private jets and yachts are already welcome in the Maldives, and commercial airlines are scheduled to resume from July 1. After announcing testing and visa protocols, the country appears to be backing off those requirements for now.

Turkey has indicated it will be welcoming tourists in July, as has the Caucasus nation of Georgia (though who exactly can enter Georgia is unclear).

Sri Lanka is preparing to reopen its borders to all nationalities on Aug. 1, if individuals can produce proof of medical insurance, plan to stay at least five nights, and can show a negative Covid-19 test taken less than 72 hours before departure. Travelers to the “teardrop island” will also undergo a second test upon arrival.

French Polynesia

French Polynesia announced tourists from all countries can arrive from July 15.

The country, which includes Tahiti, Mo’orea and Bora Bora, is requiring travelers to have either a negative Covid-19 test (administered 72 hours before departure) or an “immunity certificate” that proves you’ve recovered from a previous infection. Travelers may be retested during their stay.

North America

Travel to the US is prohibited for some nationalities; all others may be subject to state-mandated quarantines, such as Hawaii’s 14-day quarantine requirement that was extended this week to July 31.

Canada has two-week quarantine requirements too. The border between the US and Canada is closed to nonessential travel until June 21, though it’s reported some Americans are entering via a “loophole” that allows travelers to transit through Canada in order to drive to Alaska.

Mexico is opening state by state, and Quintana Roo — home to Cancun, Playa del Carmen, Cozumel and Tulum — opened this week. Los Cabos is scheduled to open in either late-June or July. Business is hindered by a joint agreement between Mexico and the US that restricts nonessential travel until June 22. The country has also been named one of seven coronavirus “international hot spots” — a list that also includes the United States.

The Middle East

From Israel to Qatar, much of the Middle East is not open for travel yet.

A trip to Dubai may be possible in the latter half of the summer. It’s reported to be opening sometime between July to September.

Africa

Popular African tourist destinations, such as Morocco and South Africa, have not announced plans to loosen border restrictions yet.

After widespread reports that South Africa wouldn’t open until 2021, the country’s tourism officials clarified this week that this was a “worst-case scenario” and that it hopes to welcome travelers by September.

Last week, the Seychelles opened to tourists who arrive on a private jet, chartered flight or yacht. Plans to resume commercial flights are set for July.

Tunisia is opening land, air and sea borders to residents from Algeria and select European nations, including Germany and the UK, from June 27.

Tanzania unconditionally welcomed tourists from all nations in May, one of the earliest countries to do so. The country has been criticized for a lack of transparency regarding infection rates, as well as statements by President John Magufuli that the coronavirus could be cured by drinking ginger and lemonade. He also said the virus had been removed from Tanzania “by the powers of God” despite evidence to the contrary.

South America

Much of South America — including Bolivia, Brazil, Chile and Peru — remains off limits to international travelers for the time being.

Colombia banned all passenger flights until at least Aug. 31. Argentina has a similar flight ban through Sept.1, though there is talk of bringing this date forward to July.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Final tests of some COVID-19 vaccines to start next month

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Where to do crucial, late-stage testing and how many volunteers are needed to roll up their sleeves are big worries for health officials as the virus spread starts tapering off in parts of the world.

The first experimental COVID-19 vaccine in the US is on track to begin a huge study next month to prove if it really can fend off the coronavirus, while hard-hit Brazil is testing a different shot from China.

Where to do crucial, late-stage testing and how many volunteers are needed to roll up their sleeves are big worries for health officials as the virus spread starts tapering off in parts of the world.

Moderna Inc. said Thursday the vaccine it is developing with the National Institutes of Health will be tested in 30,000 people in the US Some will get the real shot and some a dummy shot, as scientists carefully compare which group winds up with the most infections.

With far fewer COVID-19 cases in China, Sinovac Biotech turned to Brazil, the epicenter of Latin America’s outbreak, for at least part of its final testing. The government of São Paulo announced Thursday that Sinovac will ship enough of its experimental vaccine to test in 9,000 Brazilians starting next month.

If it works, “with this vaccine we will be able to immunize millions of Brazilians,” said São Paulo´s Gov. Joao Doria.

Worldwide, about a dozen COVID-19 potential vaccines are in early stages of testing. The NIH expects to help several additional shots move into those final, large-scale studies this summer, including one made by Oxford University that’s also being tested in a few thousand volunteers in Brazil.

There’s no guarantee any of the experimental shots will pan out.

But if all goes well, “there will be potential to get answers” on which vaccines work by the end of the year, Dr. John Mascola, who directs NIH’s vaccine research center, told a meeting of the National Academy of Medicine on Wednesday.

Vaccines train the body to recognize a virus and fight back, and specialists say it’s vital to test shots made in different ways — to increase the odds that at least one kind will work.

Sinovac’s vaccine is made by growing the coronavirus in a lab and then killing it. So-called “whole inactivated” vaccines are tried-and-true, used for decades to make shots against polio, flu and other diseases — giving the body a sneak peek at the germ itself — but growing the virus is difficult and requires lab precautions.

Also Read: When can we expect a COVID-19 vaccine?

The vaccine made by the NIH and Moderna contains no actual virus. Those shots contain the genetic code for the aptly named “spike” protein that coats the surface of the coronavirus. The body’s cells use that code to make some harmless spike protein that the immune system reacts to, ready if it later encounters the real thing. The so-called mRNA vaccine is easier to make, but it’s a new and unproven technology.

Neither company has yet published results of how their shots fared in smaller, earlier-stage studies, designed to check for serious side effects and how well people’s immune systems respond to different doses.

Even before proof that any potential vaccine will work, companies and governments are beginning to stockpile millions of doses so they can be ready to start vaccinating as soon as answers arrive.

Also Read: Serum Institute invests $100 million on potential COVID-19 vaccine

In the US, a program called “Operation Warp Speed” aims to have 300 million doses on hand by January. Under Brazil’s agreement with Sinovac, the Instituto Butantan will learn to produce the Chinese shot.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

COVID-19 vaccine hunt heats up globally, still no guarantee

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

About 100 research groups are pursuing vaccines with nearly a dozen in early stages of human trials or poised to start.

Hundreds of people are rolling up their sleeves in countries across the world to be injected with experimental vaccines that might stop COVID-19, spurring hope — maybe unrealistic — that an end to the pandemic may arrive sooner than anticipated.

About 100 research groups are pursuing vaccines with nearly a dozen in early stages of human trials or poised to start. It’s a crowded field, but researchers say that only increases the odds that a few might overcome the many obstacles that remain.

“We’re not really in a competition against each other. We’re in a race against a pandemic virus, and we really need as many players in that race as possible,” Dr. Andrew Pollard, who is leading the University of Oxford’s vaccine study, told The Associated Press.

The hard truth: There’s no way to predict which — if any — vaccine will work safely, or even to name a front-runner.

As Dr. Anthony Fauci, the US government’s top expert, put it: “You need more shots on goal for a chance at getting a safe and effective vaccine.”

The first cautious tests of March, when small numbers of volunteers got injections to check for side effects, have turned into larger studies in China, the US and Europe to look for hints that different vaccine candidates really protect.

Next: Finding out for sure if any of the vaccines work in the real world by testing large groups of people in areas where the virus is circulating — a tricky prospect when study participants may be in places where the virus is fading or they are told to stay home — and finding a way to quickly distribute lots of doses of any successful candidates.

Policymakers are devising plans to try to overcome both obstacles in an attempt to compress the years it usually takes to develop a vaccine. Asked if a vaccine by January was possible, Dr. Deborah Birx, the White House coronavirus task force coordinator, told Fox News Sunday “on paper, it’s possible. It’s whether we can execute,” she said.

Fauci has cautioned that even if everything goes perfectly, 12 to 18 months to develop a vaccine would set a speed record — and January will mark a year since the National Institutes of Health began creating its own COVID-19 vaccine, now in trials with Moderna Inc.

MULTIPLE SHOTS WORK IN MULTIPLE WAYS

Depending how you count, there are between eight and 11 vaccine candidates in early stages of testing in China, the US, Britain and Germany — a collaboration between Pfizer Inc. and BioNTech last week began a study in Germany that’s simultaneously testing four somewhat different shots. More study sites are about to open in still other countries — and between May and July another handful of different vaccines is set to begin first-in-human testing.

There’s no shortage of volunteers.

“This allows me to play a small role in fighting this thing,” said Anthony Campisi, 33, of Philadelphia, who received his first test dose of Inovio Pharmaceuticals’ DNA-based vaccine at the University of Pennsylvania last month. “I can be a guinea pig.”

The initial vaccine candidates work in a variety of ways. That’s important because if one type fails, maybe another won’t.

Different types of vaccines work better in some virus families than others. But for coronaviruses, there’s no blueprint. Back in 2003 when scientists attempted vaccines against SARS, a cousin of the new virus, animal studies hinted at safety problems but then SARS disappeared and vaccine funding dried up. Vaccines against another COVID-19 cousin named MERS have only reached first-step safety testing.

“In 20/20 hindsight, we should have worked harder on coronavirus vaccines back then,” said Dr. Sten Vermund, dean of the Yale School of Public Health. Now, “we’re obligated to try a variety of strategies if we want fast results.”

PROS AND CONS

China’s Sinovac and SinoPharm are testing “inactivated” vaccines, made by growing the new coronavirus and killing it. The companies have revealed little information about how the shots differ. But the technology is tried-and-true — polio shots and some types of flu vaccine are inactivated virus — although it’s hard to scale up to rapidly produce millions of doses.

Most other vaccines in the pipeline aim to train the immune system to recognize a piece of the new coronavirus — mostly, the spiky protein that studs its outer surface.

Also Read: Pune’s Serum Institute aims to launch Oxford’s COVID-19 vaccine by October if trials succeed

One way: Use a harmless virus to carry the spike protein into the body. It’s easier to produce but determining which virus is the best “carrier” is a key question. China’s CanSino Biologics brewed its vaccine using a common cold-causing adenovirus, engineered so it won’t spread in the body. And in case people’s immune systems fight off the cold virus before the vaccine can do its job, Pollard’s Oxford team instead chose an adenovirus that normally infects chimpanzees.

Another way: Inject a piece of the coronavirus genetic code that instructs the body itself to produce spike protein that in turn primes the immune system to attack. It’s a new and unproven technology but one that promises even faster production. Vaccines made by NIH and Moderna, Inovio Pharmaceuticals, and that Pfizer-BioNtech collaboration use genetic code approaches.

Still more methods are next in line: Vaccine made of spike protein nanoparticles, and even a nasal spray alternative to shots.

PROVING THEY WORK

Most vaccine studies so far are tracking safety and whether volunteers’ blood shows any immune reactions. Some have jumped to larger numbers quickly, but there’s still concern about being able to prove real-world protection.

If study participants are holed up at home or live in areas where the virus has quit spreading rapidly, then too few may get sick for scientists to tell if the vaccine or social distancing was what protected them. The Oxford study, for example, will track about 1,000 people, half given the real vaccine. But the team plans a later-stage study with another 5,000 volunteers for a final answer and knows it might have to move to other countries.

“When you’re chasing a pandemic, the place that looks like the right one to go to today will be the wrong place two weeks from now. And that makes it really difficult,” Pollard said.

In the US, some lawmakers have urged a different and controversial experiment: Recruit young, healthy volunteers who agree to be deliberately infected with the new coronavirus to prove if a vaccine protects them. But some healthy adults do die from COVID-19 — and until doctors better understand why, that so-called “challenge study” makes for a risky proposition with serious ethical questions, Yale’s Vermund noted.

The World Health Organization last week called for countries to offer to be test sites for an international project that will speed the timeline by admitting on a rolling basis promising vaccine candidates for further study in locations where COVID-19 remains widespread at the time.

In the US, the Trump administration is planning its own project dubbed Operation Warp Speed that will overlap studies of “different candidates that are made differently and act differently,” Birx said.

If early evidence was strong enough and the virus is still widespread, the Food and Drug Administration might even consider emergency use of a vaccine before final test results were in, Dr. Peter Marks, who directs the FDA office that oversees vaccines, recently told reporters.

SUPPLYING THE WORLD

Whenever the first useful vaccine is identified, there won’t be enough for everyone. So a growing number of vaccine makers say they’re already starting to brew tons of doses — wasting millions of dollars if they bet on the wrong candidate but shaving a few months off mass vaccinations if their choice pans out.

“We need to start building new manufacturing sites now,” said Wellcome Trust vaccine chief Charlie Weller. “And we need to accept that some of these sites will be created for vaccines that will ultimately fail.”

It’s not just a gamble for shareholders. The US government already has deals with Moderna and Johnson & Johnson that together total nearly $1 billion and include scaling up production.

“The critical thing at the beginning is just to make as much stuff as we can,” said Dr. Richard Hatchett, CEO of the Coalition for Epidemic Preparedness Innovations, which is funding several COVID-19 vaccine attempts around the world.

Even if one works, expect rationing early on as policymakers determine who most needs the first doses — possibly health workers or the elderly — until there’s enough for the world, rich and poor countries alike.

“I am concerned about what I call vaccine nationalism. That’s the tension between obligations elected leaders will feel to protect the lives of their citizens” versus the imperative for equitable global sharing, Hatchett said.

And with billions who’ll need a dose or maybe several, just one winner in this race won’t cut it.

“It’s not likely that one manufacturer or one candidate vaccine is going to be able to deal with the global need and supply that need,” Pollard said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

India lockdown slows virus, but gaps remain

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The government has identified three zones: “red,” or areas that have been coronavirus hotspots, “orange,” where some cases have been found, and “green,” or low-risk areas

India’s six-week coronavirus lockdown, which was supposed to end on Monday, has been extended for another two weeks, with a few relaxations such as construction resuming and self-employed people returning to work in New Delhi.

Here’s a look at what India has been able to achieve during the lockdown of its 1.3 billion people, and what it hasn’t:

WORLD’S LARGEST LOCKDOWN

Prime Minister Narendra Modi locked India down on March 24, when the country had just 469 confirmed virus cases.

In mid-April, Modi extended the lockdown for two weeks. Then on Friday, it was extended for two more weeks, but with some relaxations.

The government has identified three zones: “red,” or areas that have been coronavirus hotspots, “orange,” where some cases have been found, and “green,” or low-risk areas. Stricter measures will continue in red and orange zones, while some movement of people and most economic activities will be allowed in green zones.

Although the number of red zones has dipped since the lockdown started, the number of green zones has also declined. Most of India’s major cities, including New Delhi and Mumbai, remain red zones.

Locking down the country’s 1.3 billion people has cost of millions of jobs and upended lives, especially of India’s poor.

But limited interactions between people did slow the contagion, pushing the peak into the future and buying India “time to prepare,” said Ramanan Laxminarayan, an epidemiologist and economist who directs the Center for Disease Dynamics, Economics & Policy in Washington, D.C.

India has avoided a major catastrophe, confirming about 42,500 virus cases, 11,706 recoveries and 1,373 deaths. Still, a lack of aggressive testing worries experts who warn that the virus has yet to peak.

PREPARING HOSPITALS

India has designated more than 600 hospitals for COVID-19 patients only, comprising about 100,000 isolation beds and around 12,000 intensive care unit beds. It also has trained more than a million doctors and 1.7 million nurses to treat patients, according to government data.

Authorities have tried to ensure that only those who are very sick with the virus go to the designated hospitals. But this separation, aimed at preventing viral outbreaks in hospitals, hasn’t always been successful.

It wasn’t until Friday that the government said it would provide all health workers with personal protective equipment, or PPE. But several non-COVID-19 hospitals in large cities like Mumbai and New Delhi have already reported outbreaks. Experts suspect the outbreaks were caused by patients who were unaware they had the virus.

Combined with the government’s reluctance to acknowledge that India had reached the stage of community transmission, this left the health care system unprotected, said Dr. T. Sundararaman, a community medicine expert.

“Even if a patient comes in with a fever, it will not be assumed to be COVID-19,” he said. “Unless it’s too late.”

PRODUCING MEDICAL SUPPLIES

Faced with an unprecedented global demand for the same medical supplies, India has upped its capacity to manufacture ventilators, oxygen cylinders and PPE has risen.

India is now building up a stockpile of 80,000 ventilators that it hopes will cover the 75,000 patients it expects will need them in the coming weeks, said PD Vaghela, secretary of the government’s pharmaceuticals department.

Vaghela said India had almost no domestic manufacturing of PPE before the pandemic.

“Now we have 111 indigenous manufacturers,” he said, adding that these domestic companies are expected to provide 70% of the 20 million pieces of PPE needed.

SHORTFALLS IN TESTING

India’s testing criteria remain restricted outside of hotspots, where those with minor symptoms, like a runny nose or cough, aren’t being tested. But it has increased testing, with 70,000 samples tested daily.

Still, India “needs to be scaling up for a lot more,” said Dr. Ashish Jha, the director of Harvard’s Global Health Institute. He pointed out that while the lockdown had stopped the virus from spreading as quickly as it has in some countries, that doesn’t mean that it won’t spread faster when restrictions are lifted.

India’s low testing rate is at least partly due to the unavailability of testing kits. After claiming that the rapid antibody tests it got from China were faulty, India awaited the arrival of 2.1 million standard testing kits, mostly from international companies. Officials said the country will need 3.5 million kits.

India’s health ministry has denied that it is under-testing. But Jha warned that India can’t afford to test in areas only after outbreaks are discovered.

“If they could freeze the world in time and not ever unlock and stay locked down forever, then no, you’ll not need to scale up testing anymore,” he said. “But obviously that’s not possible.”

Also, catch all the latest updates and trends on the novel coronavirus with CNBCTV18’s blog.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

COVID-19: Maha hospitals warned against turning away patients

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Considering the fact that the number of COVID-19 cases continue to soar in the state, the chief secretary directed all state-run and private hospitals not to turn away patients without examining them under any circumstances.

Maharashtra chief secretary Ajoy Mehta on Thursday directed all hospitals in the state not to turn away patients, as complaints were piling up against several private hospitals and clinics for reportedly refusing to examine people.

While warning of strict action against those who defied the Maharashtra government’s directives, Mehta said official orders would come into effect from May 2.

Considering the fact that the number of COVID-19 cases continue to soar in the state, the chief secretary directed all state-run and private hospitals not to turn away patients without examining them under any circumstances.

The government will also enforce directives to ensure that results of COVID-19 tests come out within 12 hours of sample collection and deceased COVID-19 patients are shifted from hospital wards within 30 minutes, the senior official said.

These orders can pose a major challenge, as results of COVID-19 tests were issued almost 48 hours after sample collection and there have been instances where bodies of deceased patients were left unattended in wards for more than four hours.

Maharashtra Health Minister Rajesh Tope and Medical Education Minister Amit Deshmukh had brought up these issues in the past.

Mehta also directed the authorities to dispose of bodies of patients within 12 hour and follow defined guidelines and regulations while doing so.

As on Thursday morning Maharashtra COVID-19 figures were as follows: Positive cases 9,915, new cases 597, deaths 432, discharged 1,593, active cases 7,890 and people tested so far 1,37,159.

Also, catch all the latest updates and trends on the novel coronavirus with CNBCTV18’s blog.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Average 4.5% of samples testing positive for COVID-19: ICMR

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Currently, India has 325 laboratories which are conducting tests for novel coronavirus as compared to 100 labs at the beginning of the lockdown.

The Indian Council of Medical Research on Thursday said that an average of 4.5 percent samples are testing positive for COVID-19 in India and the percentage has remained similar before and during the lockdown.

“Current situation is stable. Average 4.5 percent samples are testing positive for coronavirus. You can say we have been able to flatten the curve but it is difficult to comment on the topic of COVID-19 peak,” ICMR’s Director General Dr Balram Bhargava said.

“The situation has not worsened as of now because if we look at testing, India did 14,915 tests on March 23 and did more than 5 lakh tests on April 22 so testing has increased 33 times in 30 days and at the same time we have been able to contain the rate of positive cases during pre-lockdown and now,” CK Mishra, environment secretary and a member of one of the empowered groups on COVID-19, said.

Read: Ready for any review by ICMR, say Chinese testing kit manufacturers

Currently, India has 325 laboratories which are conducting tests for novel coronavirus as compared to 100 labs at the beginning of the lockdown.

“Preparation has to be in much higher order given some of the projections that we have, given the limitations that we have in our health system. Focus is on ramping up hospital capacities in districts,” Mishra added.

As of 4 pm on April 23, total 4,257 patients had been discharged, taking the recovery rate to 19.89 percent and 12 districts have not seen any positive case in last 28 days, Lav Agarwal, joint secretary, health ministry, said.

The districts that have not seen a single positive case in 28 days are Mahe (Puducherry), Kodagu (Karnataka), Pauri Garhwal (Uttarakhand), Pratapgarh (Rajasthan), Chitradurga (Karnataka), Bilaspur (Chhattisgarh), Imphal West (Manipur), Aizawl West (Mizoram), Bhadradari Kothagudem (Telangana), Pilibhit (UP), SBS Nagar (Punjab) & South Goa (Goa).

Also, 78 districts from 23 states/UTs have not reported any fresh cases in the last 14 days.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Private firms not in a position to offer coronavirus tests for free: Metropolis

coronavirus in Mumbai India

It is difficult for private companies to offer coronavirus tests for free as they are not “sitting on thousands of crore of cash to be able to do this”, Ameera Shah, managing director of Metropolis Healthcare, said on Tuesday.

Select private labs, including Metropolis, have got the approval to conduct coronavirus tests.

More than 490 people have been infected in India so far and nine have already been killed by the deadly virus. The government has suggested home visits to conduct the tests in order to minimise further spread of the virus.

“The government has suggested that we do these for home visits as there are chances of infections as patients comes to centres. We have already ended up booking a lot of home visits,” said Shah in an interaction with CNBC-TV18.

On providing COVID-19 tests for free, Shah said, “If we were in a normal situation where all our normal revenues and profits were coming in, we would have all been very happy to offer this free, but unfortunately as you can understand everything has shut down, it is going to be hard to be able to do this free of cost because that means you have to be sitting on thousands of crore of cash to be able to do this free.”

Shah added that the biggest challenge for them was the movement of their employees. The MD further said that more supplies and machines will be required if testing had to be increased.

“In Mumbai, some of our employees have been beaten by police personnel,” said Shah, adding that the government should inform authorities about the smooth commute of essential staff.

According to Shah, employees have had to sell Metropolis shares due to margin calls. “Haven’t seen any exit from large institutional investors,” the MD added.

 5 Minutes Read

There is a legitimate need to expand testing of COVID-19, says Biocon’s Kiran Mazumdar Shaw

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The problem is we are very under testing our population, we are doing only 5 test per million people so we have to take a more aggressive response to this because this is a very aggressive disease, said Viren Shetty, ED & group COO of Narayana Health.

With the coronavirus now spreading at an alarming rate, accredited private labs would be allowed to test for Covid-19. However, this has raised several questions regarding costs, sanitation, hygiene etc.

Kiran Mazumdar Shaw, chairperson and managing director of Biocon; Viren Shetty, ED & group COO of Narayana Health and Naresh Trehan, CMD of Medanta in an interaction with CNBC-TV18 tried to clear some of the doubts.

Mazumdar Shaw said, “There is a legitimate need for expanding capacity of testing, which the government clearly recognises now. There is concern that if we don’t have some controls, things could run amok because there will be attempts to profiteer under this situation of panic. I also believe that we need to be very judicious about who is tested. I don’t think there is any need for everybody to be tested. So, from that point of view I think there is justification in what the government is concerned about. Having said that, I do believe that the private sector has to be a partner in this whole battle against this invisible enemy as it is often referred to.”

She further added, “We do have a large number of labs in the private sector which can test the Coronavirus and we need to put in place the capacity. Now as far as whether it is free or not, the understanding was if the government supplies the private sector with kits there is a possibility that some of the labs might be able to waive off their service charges and just do the test for free. By and large I think this whole question on whether free or not can be solved by maximum retail price (MRP) and also controlling it through prescription based diagnostic.”

“So peace can be the way forward. Government is willing to listen to whatever model the private sector comes up with,” she said.

Trehan said, “Most definitely we need to test wider and if the need be that the private labs need to be recruited – then definitely they should be. You can fix a price. If you do the exact costing of what it will take for the labs to collect the samples – one of the dangers that I have heard from the private labs is that if a large number of people are suspected to be Coronavirus, descent on their labs then they don’t have the capacity to deal with them. So the proposal is that they should pick up the samples from home in a viral transport medium, do the test and deliver the results. The real cost can be easily calculated. There are enough labs in this country who have the PCR and all the capabilities.”

He further added, “If we are all on the same platform, we have the same rules of the game the same cost price – I would go a little further – there are some people who will not be able to afford and who need it so every lab can volunteer 10 percent of the test or x number of test to do free, so that will help the people who are unable to afford it. So this is a time for us to put our heads together and in our CSR, we should be able to help or assist the people and the government in achieving the objective of trying to contain it.”

When asked how to prevent profiteering in such situation Shetty said, “In terms of profiteering at the time of panic there is nothing you can do to prevent that, but the fact is government has all the ability to fix the prices of the test and the other one is we are a free market. If you allow every private lab to do the test, some labs will decide they are five star labs, they will charge more for it, some labs will decide we will charge it at the budget and for those who can’t afford it they can go to the government labs anyway for the past two months the government labs have been doing it for free. The problem is we are very under testing our population, we are doing only 5 test per million people so we have to take a more aggressive response to this because this is a very aggressive disease.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?