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Biden aims for 70% of U.S. adults to get one vaccine dose by July 4 By Reuters

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Biden aims for 70% of U.S. adults to get one vaccine dose by July 4 By Reuters


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© Reuters. FILE PHOTO: Workers administer coronavirus disease (COVID-19) vaccines at a mass vaccination site at Lumen Field Event Center in Seattle, Washington, U.S. March 13, 2021. REUTERS/Lindsey Wasson

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By Nandita Bose and Jeff Mason

WASHINGTON (Reuters) – President Joe Biden on Tuesday announced a goal to vaccinate 70% of U.S. adults with at least one COVID-19 shot by the July 4 Independence Day holiday and said the government would innoculate 12- to 15-year-olds as soon as allowed.

The president, who has made fighting the coronavirus a key priority of his administration, had previously announced July 4 as a target date for Americans to gather in small groups to celebrate the holiday and signal a return to greater normalcy in the middle of the pandemic.

Biden’s new goal takes into account an increasing, though not unexpected, challenge of getting shots into the arms of people who are hesitant about the vaccine.

Biden said his administration would focus on getting vaccine to more rural areas of the country, using smaller locations as mass vaccination sites were wound down.

“Now that we have the vaccine supply, we’re focused on convincing even more Americans to show up and get the vaccine that is available to them,” Biden told reporters at the White House while announcing his target. “If we succeed in this effort … then Americans will have taken a serious step towards a return to normal.”

Biden’s new goal includes having 160 million adults fully vaccinated by the Fourth of July.

An administration official told reporters that 105 million Americans are fully vaccinated and more than 56% of U.S. adults, or 147 million people, have received at least one shot. (Graphic on global vaccines) https://tmsnrt.rs/3tUM8ta

The administration is working to win over those who are hesitant about the vaccine, including supporters of former President Donald Trump and young adults.

“There are a lot of younger people, especially those in their 20s and 30s who believe they don’t need it. Well, I want to be absolutely clear: You do need to get vaccinated,” Biden said.

The president’s goal would result in roughly half of the entire U.S. population being vaccinated by early July. Since coming into office, Biden and his team repeatedly have set goals such as getting 100 million people vaccinated during his first 100 days in office, a target he later increased to 200 million people, only to surpass them.

“One characteristic of Biden’s Covid approach has been underpromise & overdeliver. So when they say they have a goal of 70% of adults having received at least one shot by July 4, it means they’re pretty sure they can do better,” Dr. Robert Wachter, professor and chair of the Department of Medicine at the University of California, San Francisco wrote on Twitter.

The president made clear his administration is gearing up to administer vaccines to 12- to 15-year-olds once authorized by the Food and Drug Administration (FDA). Current vaccines cover age 16 and up.

“I want American parents to know that if that announcement comes, we are ready to move immediately,” Biden said, adding that 20,000 pharmacies across the country would serve as vaccination sites as soon as FDA approval came through.

To meet the president’s broader target, the government also will work to make the vaccine accessible by having thousands of pharmacies allow walk-in appointments.

Vaccination rates vary with a high of over 57% of eligible people in New Hampshire, Massachusetts and Vermont to less than 33% in Mississippi, Louisiana and Alabama.

The White House said on Tuesday that COVID-19 vaccine doses allocated to states but left unordered will become available to other states, representing a policy shift aimed at delivering vaccines to where they are most in demand.





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Japanese prefecture says deaths at home surge amid 4th COVID-19 wave By Reuters

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Japanese prefecture says deaths at home surge amid 4th COVID-19 wave By Reuters


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© Reuters. Medical workers prepare to put on personal protective equipment (PPE) as they work in the Intensive Care Unit (ICU) for coronavirus disease (COVID-19) patients at St. Marianna Medical University Hospital in Kawasaki, south of Tokyo, Japan May 4, 2020. REU

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TOKYO (Reuters) – Eighteen people have died from the COVID-19 respiratory disease outside of hospitals in Japan’s Osaka Prefecture, officials said, amid calls for tougher restrictions on movement to halt a fourth wave of infections ahead of the Olympics.

All but one of the deaths occurred since March 1 as highly infectious strains of the virus caused a spike in new cases, the prefecture reported late on Monday for the first time. Most were 60 years old or more, but one fatality was in their 30s.

Japan on Friday extended a state of emergency for much of the country to try to contain the fourth wave of the pandemic, with the start of the Tokyo Olympics a little more than two months away.

The declaration covers Tokyo, Osaka, Kyoto and Hyogo prefectures, encompassing nearly a quarter of Japan’s population, and will last until May 31.

Some prefectural governors called for stronger emergency measures to be put in place nationwide at an online meeting on Monday, the Kyodo news agency reported.

The western region of Osaka has been particularly hard hit, becoming the epicentre of infections from the variant first identified in Britain that is more infectious and causes more serious conditions. More than 96% of Osaka Prefecture’s critical care hospital beds are now occupied.

At one nursing home in Osaka, 61 residents were infected and 14 died while waiting to be hospitalised, public broadcaster NHK reported on Friday.

Osaka Prefecture had 668 new cases on Monday while Tokyo had 573.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Australia’s New South Wales reports zero COVID-19 cases for fifth straight day By Reuters

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Australia’s New South Wales reports zero COVID-19 cases for fifth straight day By Reuters



© Reuters. FILE PHOTO: People walk through the city centre as the state of New South Wales continues to report relatively low numbers for new daily cases of the coronavirus disease (COVID-19), in Sydney, Australia, September 4, 2020. REUTERS/Loren Elliott

SYDNEY (Reuters) – Australia’s most populous state reported no new locally acquired COVID-19 cases for a fifth straight day on Tuesday as authorities hunt for a missing link in a new infection chain reported last week.

New South Wales state last Wednesday reported its first local case in more than a month after a man in his 50s tested positive, tracing the infection back to a returned traveller from overseas.

But officials have not yet located the transmission path between them, raising concerns that the virus could be spreading in the community through undiscovered cases.

The case of the unidentified Sydney man, who later passed the virus on to his wife, prompted authorities to extend social distancing restrictions and mandatory masks in public transport in the greater Sydney region, home to more than 5.3 million residents, until May 17.

Authorities said the man may have contracted the virus through brief contact with a currently unidentified person who was infectious.

Australia’s hardline approach to rein in COVID-19, with measures including curbs on gatherings, snap lockdowns and speedy tracing systems, has helped keep its COVID-19 numbers relatively low. It has reported just over 29,900 cases and 910 deaths since the pandemic began.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Asian Stocks Down Over Increased Inflation Fears as Commodity Prices Surge By Investing.com

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Asian Stocks Down Over Increased Inflation Fears as Commodity Prices Surge By Investing.com



© Reuters.

By Gina Lee

Investing.com – Asia Pacific stocks were down Tuesday morning, following a tech-led slide in U.S. counterparts as a surge in commodity prices increases inflation worries.

China’s was down 1.07% by 10:30 PM ET (2:30 AM GMT) and the fell 1.19%. for April released earlier in the day said that the Consumer Price Index (CPI) contracted 0.3% but grew 0.9% , both just missing expectations. The grew a better-than-expected 6.8% year-on-year.

Hong Kong’s fell 2.47%.

Japan’s slid 2.89% even as data released earlier in the day said that March’s household spending grew at a better-than-expected 7.2% and 6.2% .

The yearly figure was also the biggest gain since September 2019 and the first growth in four months. However, with a state of emergency in Tokyo and the surrounding areas currently in place, and debate on whether to extend it to other areas reportedly underway, spending is likely to remain under pressure.

In Australia, the was down 1.31%. Investors await the federal budget, which will be handed down later in the day.

South Korea’s fell 1.53%.

U.S. shares also closed on a down note over inflation concerns, with the tumbling 2.6% and the benchmark falling from its recent record high.

On the front, Colonial Pipeline is targeting re-opening its key U.S. pipeline by the end of the week. Also on investors’ radars are the recent jumps in commodities such as and iron ore, with concerns over knock-on price pressures continuing to grow.

This led to a slight lift in Treasury yields, with the benchmark 10-year at 1.60%.

The jumps come ahead of the release of U.S. inflation data, including , on Wednesday. With investors concerned that inflation could force the U.S. Federal Reserve to raise interest rates sooner than expected, the data will be closely watched.

Some investors are already bracing for an upcoming period of volatility.

“We’re going to see volatility definitely over the next couple of months” given uncertainty over the path of growth, Citi Private Bank head of capital markets in the Americas Kristen Bitterly told Bloomberg.

“Cash and duration are punitive, so you need to make sure that where you have that yield is non-rates sensitive parts of the market,” she added.

On the central bank side, several Fed officials are due to speak throughout the week, including Governor Lael Brainard later in the day. In the U.K., Bank of England Governor Andrew Bailey will speak on Wednesday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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