United Airways says 593 staff face termination for failing to adjust to vaccine mandate

United Airlines said Tuesday that 593 of its employees will be fired for non-compliance with the Covid-19 vaccination policy, one of the strictest vaccination regulations for any US company.

More than 96% of United’s 67,000 employees in the United States met vaccine requirements. The deadline for uploading vaccination records or first vaccination when receiving a two-dose vaccine was late Monday.

Around 2,000 United employees requested exemptions from the mandate the airline announced in the summer for religious or medical reasons. The Chicago-based airline had said that employees it grants such exemptions will be used temporary unpaid leave.

“And we know that this decision was hesitant for some. But we have no doubt that some of you will have avoided future hospitalization – or even death – because you got vaccinated, “said United CEO Scott Kirby and Company President Brett Hart said the Employees on Tuesday in a note.

Unvaccinated employees without an exception are threatened with dismissal, although this process can take weeks. “It was an incredibly difficult decision, but the safety of our team has always been our top priority,” said United’s Kirby and Hart. Staff who did not upload proof of vaccine included various working groups such as pilots, flight attendants and mechanics, a spokesman said, declining to provide further details.

However, a United spokesperson said the company was ready to work with some unvaccinated employees during the termination process if they change their minds about vaccination. The airline does not expect any operational problems due to layoffs, the spokesman added.

Workers laid off for not vaccinating would be dismissed for violating a company safety policy, which could prevent them from being entitled to unemployment benefits.

Dozens of employees had given their vaccination cards to the company in the last few days before the deadline, CNBC reported Tuesday.

The number of flight attendants who had not sent in their vaccination card and had not received a special permit fell by around half from the weekend to Monday and fell further to below 100 on Tuesday, as the association of flight attendants represents the approximately 23,000 cabin crew members of the airline.

More than 500 United employees, represented by the International Association of Machinists and Aerospace Workers by Monday afternoon, hadn’t uploaded a vaccination record, but fewer than 400 as of Tuesday, according to District 141 President Mike Klemm. The union represents more than 25,000 United employees. Another 700 had received exceptions, he said. The group includes employees in fleet and passenger service.

Klemm said the union plans to file wrongful dismissal lawsuits if workers who have been vaccinated are fired.

Six United Airlines employees sued the airline in federal court in northern Texas, alleging the company failed to provide them with “reasonable accommodation” for religious or medical reasons. United said it will “continue to vigorously defend our policies”.

US companies have increasingly issued vaccination mandates for some or all of their employees, from Tyson Foods to Walmart and MC Donalds since Covid The cases increased in the summer.

president Joe Biden Earlier this month his government said Requirement that large companies require their employees to be vaccinated or have them tested regularly for Covid. The airlines say they are waiting for the details.

All major US airlines have encouraged their employees to get vaccinated, but differ in their approaches, which included extra pay or free time as an incentive. Most did not need vaccines.

Delta Airlines plans to add a $ 200 monthly surcharge to corporate health costs for unvaccinated employees in November. Delta, along with Alaska Airlines and American Airlines have said that unvaccinated employees must use their own sick leave if they miss work because of Covid. Hawaiian Airlines said staff must be vaccinated by November 1st.

Even if an airline doesn’t require vaccines, it could have an impact on where some employees might fly. For example, American Airlines told pilots on September 20 that the governments of Suriname and Canada would require airmen to be vaccinated in order to make these trips, according to a staff memo. According to their union, this also applies to flight attendants.

American expects more countries to be added to the list.

United has required pilots and flight attendants to be vaccinated in order to fly to certain destinations since August 1st. It currently includes Brazil, Peru, India, Italy and Iceland, among others.

The American Airlines and Southwest Airlines pilot unions have argued that vaccines should remain optional for pilots. The Allied Pilots Association, which represents America’s mainline pilots, wrote to the White House, the Department of Transportation, and key lawmakers last week asking for pilots to be offered an alternative to a federal vaccine mandate. About 4,200 of the approximately 14,000 pilots are not vaccinated, according to the union. The APA said a federal mandate to vaccinate could lead to vacation labor shortages and flight disruptions

Which model of face masks protects higher?

LANSING, Michigan (WILX) – Masks are an important part of the fight against COVID-19. It is important to remember that the mask will protect others from contracting the disease.

“It’s really important that we all respect each other. Stay home when we cough, but when we could cough, wearing a mask protects those around you. ”Dr. Karen Kent, Chief Medical and Quality Officer at Sparrow Hospital.

But is there a difference in protection provided depending on the style of mask you are wearing?

According to a study by the Environmental Protection Agency, the answer is yes. A study published in April showed that a three-layer knit mask only blocked about 26% of the particles. A two-layer woven mask with a bridge of the nose blocked about 79% of the particles, a big difference.

Dr. Kent said, regardless of style, any mask is better than no mask.

“I actually walked through an airport the other day and saw someone take their mask off their ear, cough in their hand and put the mask back on,” said Dr. Kent. “I was like, ‘Geez, it looks like we’re not clear about the concept here.’ So you really have to think about what you do when you wear your mask: you have to keep your droplets to yourself, and there are also some studies that show that we touch our face less when we wear masks. “

The EPA study says the mask material isn’t as important as the craftsmanship. One particular fabric did as well as medical masks. Researchers say the most important thing is that it covers your nose and mouth.

Copyright 2021 WILX. All rights reserved.

Subscribe to our News 10 newsletters and get the latest local news and weather direct to your email every morning.

Peloton buyers face new actuality as bike maker’s prices damage income

Jen Van Santvoord rides her Peloton exercise bike home on April 7, 2020 in San Anselmo, California.

Ezra Shaw | Getty Images

Peloton Investors threatened a rude awakening on Thursday.

Many expected the connected fitness equipment maker to report a decline in sales. Gyms reopened, and outdoor runs and vacations were popular in the summer months. What investors weren’t expecting was a 20% price cut into the company’s top-selling product and an increase in marketing spend.

The growth is slowing down and it is less profitable.

About $ 2.9 billion of Peloton’s market cap was cut off on Friday, the day after the company’s price announcement and report an unexpectedly high loss in the fourth fiscal quarter.

For most of 2020, the company rode a wave of home-based consumers willing to spend thousands of dollars burning calories when gyms closed due to the pandemic. Such an increase in demand led to problems in the supply chain, Forcing peloton to spend more money Expedite deliveries. Nonetheless, the growth came about a lot easier than anyone could have imagined. Pelotons Quarterly sales rose to more than $ 1 billion for the first time when the year ended.

Two years ago, Peloton had 511,000 affiliated fitness subscribers. Now the company has 2.33 million. These are people who are spending $ 39 a month to access Peloton’s digital workout content in addition to owning one of the company’s home fitness equipment.

The supply went with me too. Peloton was one of the biggest winners of the Nasdaq 100 last year, with stocks rising 434% in 2020. However, this year the stock has fallen nearly 30% so far, closing at $ 104.34 on Friday as investors stare at a new reality.

Wall Street has mixed opinions about where the stock could go next. According to FactSet, the analysts’ average target price is $ 133.40. That’s solid above its 52-week low of $ 68.06 last August. But a good deal below its all-time high of $ 171.09 in January.

However, many agree that Peloton’s path to profitability is changing.

“If you had told me yesterday that Peloton would hit 1.3 million net networked fitness additions in fiscal 2022, I would have said the stock would rise 10%,” JP Morgan analyst Doug Anmuth said in a press release to customers. “But the composition of how Peloton gets there is different than expected. The reduction [in the Bike price] is bigger and earlier than expected. “

Anmuth has a target price of $ 138 on Peloton stock. He continues to anticipate international expansion and future product launches, including a purported rowing machine, will fuel growth.

However, Peloton is forecasting an adjusted loss of $ 325 million before interest, taxes, depreciation and amortization for fiscal 2022, which has just begun. The company does not expect to be profitable again until 2023.

In the final quarter that ended June 30, total gross margin fell from nearly 48% in the year-ago quarter to 27% as the costs associated with a treadmill recall and additional shipping costs weighed on profits.

“In the last year and a half [Peloton] Didn’t really have to pull levers, “Wedbush analyst James Hardiman said in an interview with CNBC’s Tech Check on Friday.” And now they have to play so they can continue this growth story. “Their cards are just right, so that current rating sticks. “

Higher marketing spend

Not only is Peloton lowering the price of its bike, it will also significantly increase marketing spending in the coming months. It faces tougher competition in the connected fitness space from Hydrow, Tonal, and Lululemon-own mirror.

Peloton hasn’t revealed exactly how much it plans to spend, but sales and marketing expenses rose 172% year over year in the most recent quarter.

In a phone interview with CNBC, Peloton President William Lynch said the company plans to use a series of paid media advertisements to specifically draw attention to its tread. The cheaper version of the two treadmill machines from Peloton is Start next week in the US, after a month-long delay due to a recall.

“We believe it will allow us to grow faster and it will counter the drop in bike prices,” said Lynch.

Peloton previously stated that it sees opportunities to reach around 15 million households worldwide and sell 20 million devices, compared to 2.33 million it has sold to date.

According to Simeon Siegel, an analyst for BMO Capital Markets, Peloton’s stock has essentially risen as if the company had already met those budget and equipment goals. Peloton is still a long way from that. And lowering the price of bicycles might not be enough of a catalyst to get it there, he said.

Siegel has the lowest price target among Wall Street analysts for Peloton stocks at $ 45, according to FactSet. That would mean Peloton’s value is more than half its current retail value.

“Lowering the cost of the bike can attract new customers, but it shouldn’t extend its lifespan,” said Siegel. “And if anything, one can hypothesize that the lower the acquisition costs, the lower the migration barrier [or drop the service]. “

“If the competition stays high, which we think will be, we will take care of the marketing [costs] will continue to grow and not the other way around, “added Siegel.

Reach a new audience

Management said that Peloton is cutting prices on the cheapest product in order to reach more customers who might otherwise not be able to afford the company’s devices. The company also said that it has built enough manufacturing capacity in recent months to afford the price cut as it achieves greater production efficiency.

When asked by analysts, Chief Executive John Foley commented on a conference call on the results that Peloton is on the offensive – not the defensive.

“When we think about the competitive landscape, we think about democratizing access to great fitness, which has always been in our playbook,” he said.

Foley also said that Peloton believes that one day their treadmill business will be two to three times the size of their bicycle business today. The company does not currently break any revenue from bikes versus treadmills.

Peloton’s growth in the treadmill category was paused after the company recalled from his Tread and Tread + machines due to reported injuries and the death of a child. In particular, the company is facing several related lawsuits. And on Friday It revealed that the US Department of Justice and the Department of Homeland Security had subpoenaed Peloton for more information on this.

With Peloton resuming sales of the Tread – the cheaper of the two machines – analysts should be able to gain more insight into consumer reaction. (It’s unclear when Tread + sales will resume.)

Bank of America has upgraded the fitness company’s stock on Friday, buying from neutral, raising its target price by $ 3 to $ 138 per share. The Wall Street company said it would be most optimistic if Peloton had an opportunity to grow its treadmill sales in the years to come.

“Peloton indicated that Tread’s leads were ‘incredibly strong’ and we trust that enthusiasm at the launch is not unfounded,” said analyst Justin Post in a research note. “We think in six months [subscription] Adds will be more important to the stock than margins. “

—CNBCs Michael Bloom and Crystal Mercedes contributed to this report.

Singapore e-commerce gamers face challenges in logistics and supply

Consumers are flocking to shop online as people want to avoid crowds due to the pandemic, but getting the goods into the buyer’s hands can be a challenge.

To capitalize on future opportunities, companies selling online must build on an infrastructure to support their business, said James Root, senior partner and chairman of Bain Futures, a global think tank at consulting firm Bain & Company.

“Ecommerce platforms need two infrastructures: They need a great digital payment. Second, they need a great supply chain, ”he told CNBC. “And both to manage cross-border products that come into a market like Singapore, to have fast customs clearance and easy paper processing for them.”

Ultimately, convenience is king … It’s the convenience of shopping when I want, where I want. And it’s 24/7.

“Adequate market skills” are also required, said Root.

“For example, parcel delivery locations near the large apartment blocks and very good transport on the last mile to get products into the hands of consumers at the speed we are teaching our consumers to expect now,” he says elaborated.

When Singapore imposed a “breaker” or partial lockdown at the height of the Covid-19 crisis last year, it exposed the delivery and logistics challenges e-commerce companies are facing.

On November 1, 2016, an employee picks up orders from the shelves of a warehouse in the newly opened SingPost Regional eCommerce Logistics Hub in Singapore.

ROSLAN RAHMAN | AFP | Getty Images

“Ultimately, convenience is king,” said Vaughan Ryan, managing director of E-Commerce Asia Pacific at NielsenIQ. “It’s the convenience of shopping when I want, where I want. And it’s available 24/7. This allows consumers to shop more often, especially in Singapore because we’re so digital.”

Still, he said, “Nobody moved fast enough.”

“The consumer has been ahead of the pace manufacturers and retailers can do – and is fast catching up.”

“There is still a lot of room for improvement in the logistical control of the whole thing. Even with the immediate movement control orders in the circuit breaker, the time windows for the actual online order were not available. That has improved a lot … There is a lot to be done in this area, “emphasized Ryan.

Closing the gap

Ninja Van, based in Singapore, is one of the fastest growing last mile logistics companies in Southeast Asia.

We connect the virtual world and the physical world – you buy something online and we make sure it is delivered to your doorstep, in a locker or in a nearby supermarket, “said Lai Chang Wen, CEO and Co-Founder of Ninja Van, a courier company in Southeast Asia.

He said Ninja Van turned to social media to help customers track their goods and improve the delivery process to cope with the changing times.

Ninja Van’s fleet of delivery trucks.

Ninja Van

“What we think is more important today is… the ability for us to interact with you through your favorite chat messenger. Whether Facebook Messenger, WhatsApp, Telegram, you choose it, you subscribe – and we give you real-time updates on where your driver is. “

“We think this is a new form of tracking that fits in with the way we use our phones, how we interact these days, where it’s not too intrusive and no one is necessarily calling you,” he said.

Ninja Van is currently working with ecommerce sellers in the city-state to bring out some of the supply-related disorders.

“What we see as an opportunity over the next few years is, we’re dealing with a lot of these e-commerce sellers, and they import a lot of their goods from overseas – we help them deliver (properly) to their customers,” said Lai .

“Could we help them with their supply chains too? We’re pretty much working on how to bridge the supply chains of all these ecommerce sellers, ”he added.

– Correction: This story has been updated to accurately reflect that Vaughan is Ryan from NielsenIQ.

Miranda Kerr saved leeches behind her face | Leisure Information

Miranda Kerr had the face of a leech and then brought the creature home.

The 38-year-old model was persuaded to put a blood-sucking worm on his face to help lymph drainage, but he doesn’t like the idea of ​​being “thrown away” or injured in some way later. There wasn’t.

She says, “Probably the wildest beauty experience is the Hill Facial. I went to this woman who already does magnetotherapy and various things, one of which is Hill.

“She said, ‘Oh, that’s very good, you know, lymph drainage from your face and that and that.’ In all honesty, I was a little scared, but I didn’t mean to hurt him because he would throw it away after the facial, so I left it as it was.

Miranda (10 years old, ex-husband Orlando Bloom and Hart, 3 years old, Miles, 20 months old, spouse Evan Spiegel) planned to give Hill a new home in a pond on the grounds of the house. ‘Things did not go as planned.

She told Tatler magazine in Hong Kong, “I planned to put two of these in a large glass jar and put them in a pond in Malibu the next day. I fell asleep, woke up the next morning, and Hill escaped from the jar. did.

“They just crawled around my house so I had to find them, pick them up, put them back in the jars, and take them to the pond.

“My 10-year-old Flynn still talks about it to this day. He says, “Oh what, do you remember having that face and Hill running away? “..”

Miranda Kerr held leeches behind her face | Entertainment news

Source link Miranda Kerr held leeches behind her face | Entertainment news

Harvey Weinstein ordered extradited to Los Angeles to face intercourse costs

Harvey Weinstein leaves the courtroom in New York City with attorney Benjamin Brafman before the New York State Supreme Court on October 11, 2018.

Stephanie Keith | Getty Images

Harvey Weinstein, the once famous film producer convicted of rape last year, was ordered on Tuesday to be extradited from New York to be charged with sexual assault in Los Angeles.

Weinstein, who is currently serving a 23-year sentence in New York State, is charged with rape, sexual harassment and other crimes in connection with five incidents that allegedly occurred between 2004 and 2013.

CNBC policy

Read more about CNBC’s political coverage:

His lawyers fought extradition to Los Angeles last year, citing, among other things, his poor health.

But Erie County, New York, Judge Kenneth Case ultimately dismissed her arguments on Tuesday.

The Los Angeles Times reported that Weinstein, 69, is unlikely to move to California until July at the earliest.

Weinstein faces up to 140 years in prison if convicted in the Los Angeles case.

Weinstein became the face of the #MeToo movement in 2017 after The New Yorker magazine and the New York Times published articles describing allegations by women alleging that he committed rampant sexual misconduct against them.

The co-founder of the entertainment company Miramax was convicted by the Manhattan Supreme Court in February 2020 a first-degree criminal sexual act against production assistant Mimi Haleyi in 2006; and third-degree rape for assaulting aspiring actress Jessica Mann in a hotel room in 2013.

Weinstein’s lawyers appealed his conviction in April.

During his career, Weinstein has produced award-winning films such as Pulp Fiction, Shakespeare in Love and Gangs of New York.

Face your concern as a result of cash can purchase happiness

Investing is scary. Not Freddy Kruger scary, but scary in the way things are when we don’t do them very often – like getting insurance or giving a laudatory speech.
But investing is one of the necessary evils of modern life. That means one thing: new investors have to face their fears and look under the bed. There are no monsters lurking there if you invest properly.

The scariest part could be all of the questions a new investor has. How much do i need to retire? Pay school? Buy a house? And that leads to further questions. Is a Home an Investment or an Asset? What is an asset anyway? And then: am I a growth investor or a value investor? Do I like the thrill of trading, or does a sharp drop in a single stock make me feel sick? How much money will it take? Is there anyone who can help me? Is there anyone I can trust who can help me?

So many questions and most of them are for later. It is best to start at the beginning: why invest at all?

This question is easy to answer. Because up to a point money can buy happiness. Really. That’s what researchers say. Having enough money compared to too little can improve happiness. Nobody wants to worry. And people want to look forward to things like home ownership and retirement.

And it is possible to have enough money. A little savings, a little effort, and the magic of compound interest can make this trip to Venice for a milestone birthday possible – even while the kids are at school.

In this video I tell you more about how to get started. But first a pop quiz:

How much do you have to invest every month to become a millionaire at 65?

For the answer and much more: Clock.

Fauci says face masks might develop into seasonal after Covid pandemic

Dr. Anthony Fauci, director of the National Institute for Allergies and Infectious Diseases, testifies on April 15, 2021 at the House Select subcommittee on the coronavirus crisis on Capitol Hill in Washington.

Susan Walsh | Pool | Reuters

WASHINGTON – The White House Chief Medical Officer, Dr. Anthony Fauci said Sunday that people might wear masks during certain times of the year when respiratory illnesses are more common.

“I think people got used to that, if you look at the data that reduces respiratory disease, if you look at the data, just because people were doing the kind of public health thing they had practically no flu season this year were mainly directed against Covid-19, “said Fauci during an interview on NBC’s Sunday program” Meet the Press “.

“So it is conceivable that in a year or two or more, if you suffer from respiratory viruses like the flu during certain seasonal periods, we will actually wear masks to reduce the chances of you spreading them through the airways transmitted diseases, “he added.

Fauci’s comments come less than a month after the Biden government announced it was easing federal public health guidelines Wearing masks outdoors.

Visitors walk past a sign requiring face masks to stop the spread of coronavirus disease (COVID-19) on Memorial Day weekend in Bethany Beach, Delaware, May 24, 2020.

Kevin Lamarque | Reuters

The Centers for Disease Control and Prevention recommend that fully vaccinated people exercise and participate in small outdoor gatherings to wear without a face mask. The agency also recommends that fully vaccinated individuals wear a mask in crowded outdoor areas.

“We are just at the point where we can repeal these ordinances and allow people to resume their normal activities. Of course, we shouldn’t put any limits on gatherings in the open air and encourage people to go outside,” said Dr. Scott Gottlieb told the CBS Sunday program “Face the Nation”.

Gottlieb added that indoor public health measures should also be relaxed in states where coronavirus infections are low and vaccination rates are high.

“Covid will not go away, we will have to learn to live with it, but the risks have been reduced significantly thanks to vaccinations and immunity that people have acquired through previous infection,” said Gottlieb.

As of Saturday, more than 45% of the US population had received at least one dose of vaccine, including 33.9% who were fully vaccinated. according to CDC data.

Disclosure: Scott Gottlieb is a CNBC employee and a member of the boards of directors of Pfizer, the genetic testing startup Tempus, and the biotech company Illumina. Pfizer has a manufacturing contract with Gilead for remdesivir. Gottlieb is also co-chair of Norwegian Cruise Line Holdings‘ and royal caribbean“Healthy Sail Panel”.

Eva Mendes thought she had a ‘bizarre’ face | Leisure

Eva Mendes always thought she had a “strange” face.

The 46-year-old actress has read up on her insecurities in the past and admitted that although she used to believe that her facial features were “strange”, nowadays she wishes she still looked the way she used to Has.

She shared a photo of herself from the 2003 film Once Upon a Time in Mexico and wrote on Instagram: “I just came across this picture from a movie that was shot almost 20 years ago.

“I remember seeing this photo back then and thinking my face looked ‘weird’ and my bone structure was strange… yadda yadda… you know all the insecurities a 26 year old can have.

“In the meantime, 20 years later and now I wish I still had that ‘weird’ face and that weird ‘bone structure’. [sad face emoji] (sic) ”

The ‘Place Beyond the Pines’ actress admitted she wasn’t sure why she decided to post the photo, but felt that there was a lesson to be learned somewhere.

She added, “Why is my point? I’m not sure. Maybe if you hate a photo of yourself, wait 20 years then you’ll love it.

“” Youth is wasted on youth “-Oscar Wilde (sic)”

Earlier this year, Eva – who has kids Esmeralda, six, and Amada, five, with partner Ryan Gosling – recently hinted that she might return to acting soon after taking a break from raising their daughters.

She said in October: “I have a feeling that my ambition has not disappeared, it has just shifted to the children. I applaud and look up to the women who can do everything, but I am not one of them.

“And luckily I have a choice not to work, and I realize how lucky I am that it is even a choice. I was so happy to incubate with my babies, but now they are [older]I’m starting to feel that my ambition is coming back. “

Cash-Market Funds Face New Guidelines After Covid Stumble. This is What Might Occur.

Text size

Dream time

While the race in cash At the start of the pandemic, investors pulled cash from money market funds that invest in short-term corporate and municipal debt. That has regulators again concerned about the stability of the sectorand they are considering further rule changes to support them.

In March 2020, investors withdrew $ 125 billion from high-quality funds investing in short-term corporate bonds and $ 9 billion from tax-free money market funds, US officials wrote in a December report. Investors pulled less cash on an absolute basis than they did during the 2008 financial crisis, when a huge prime fund “broke the money” when its share price fell below $ 1. However, with the industry’s asset base lower in 2020, withdrawals made an even larger proportion of the industry’s total size.

Although the market did not repeat itself in 2008, investor exit exacerbated the pressures in the short-term corporate and local finance markets and prompted the Federal Reserve to do so step in and create a facility dedicated to money market funds. This follows two rounds of regulatory efforts to prop up money market funds after the financial crisis.

After renewed burdens last year, officials like Fed Chairman Jerome Powell are now discussing the prospect of new rules to limit the need for future intervention. “We are looking for ways – and people around the world are looking for ways – to make these vehicles resilient so that they don’t have to be backed by the government when market conditions are tough,” he said at the central bank press conference on April 28th . April.

As the regulatory process progresses, strategists join in

Bank of America

hinder the likelihood of different changes.

US Officials suggested a list of 10 Possible reforms in their December report and in a May 6 release are categorized by analysts at the bank into three main categories.

The first group would ease the threshold at which funds would have the ability to penalize redemptions from investors. After the stress on money market funds during the financial crisis, regulators put in place a rule that money market funds can charge fees or goals if their cash equivalents fall below 30% of their portfolio.

Review & preview

Each weekday evening, we highlight the resulting market news of the day and explain what is likely to be important tomorrow.

One of the regulators’ proposals would allow money market funds to collect gates or fees if the board of directors decides that it is in the best interests of the fund, regardless of the size of its cash. This idea was popular with money market fund managers who responded to the government report, Bank of America found. All 14 respondents supported the idea.

The second set of proposals is to encourage either fund management companies or investors to pay to offset the risk of future runs. For example, officials are considering new rules detailing exactly when and how a fund’s parent company would be required to support their funds, for example by providing liquidity to cover investor withdrawals.

Third, regulators are considering a group of ideas to reduce the likelihood that investors will withdraw their money in the first place.

One of the options in this category would be a new rule that would reduce the incentive for an investor to try to get their money out of a fund first. In essence, the rule would introduce a delay before an investor could cash out a certain portion of their stock. This means that an investor who withdrew prematurely would still be involved in the losses if a fund ran.

While most money market fund managers didn’t endorse the idea, Bank of America said “it has some potential” although it “could make it less attractive to invest in top quality or tax-exempt money market funds.”

Another proposal could fundamentally change the expectations of individual investors in certain types of money market funds: regulators suggested allowing the price of retail investor stocks to fluctuate or, under certain conditions, move their prices up and down with market conditions instead of staying at 1 USD per share. This would reflect a rule change from the post-financial crisis, when officials introduced rules that allowed stock prices to float for institutional investors’ stakes in high-quality, tax-free money market funds.

Of course, these rules would only apply to money market funds that invest in short-term corporate or municipal debt. So it seems possible that this set of rule changes, like the last round of reforms, will continue to push investors into money market funds that invest in US government bonds.

In short, “there are changes coming in high-quality, tax-exempt money market funds,” wrote Bank of America, “which we believe will undermine investor interest in these funds.”

Write to Alexandra Scaggs at alexandra.scaggs@barrons.com