Greenback Basic to open 1,000 Popshelf shops, geared toward wealthier customers

Popshelf stores are approximately 9,000 square feet and stock items such as housewares, seasonal decorations, and party supplies, including Dollar General’s own brand items.

Dollar general

Dollar general debuted a new store called Popshelf about a year ago, is aimed at wealthier suburban shoppers looking for good deal.

The Tennessee-based discounter announced on Thursday that it plans to have around 1,000 of its stores by the end of fiscal year 2025 – including around 100 other locations that will open in the next fiscal year. It has 30 popshelf stores in six states (as of October 29). It plans to open its first stores in Texas in early spring.

News of the ambitious expansion plan comes when the retailer said it will test its first international market by opening 10 stores in Mexico by the end of fiscal 2022. Dollar General expects 1,110 new stores to open in the coming fiscal year, including Popshelf, Dollar General and the international locations.

But shares fell more than 1% early Thursday after the company announced that sales in the same store will decline this fiscal year.

Emily Taylor, Dollar General’s chief merchandising officer, said in an interview that the retailer is accelerating expansion plans for the new store concept due to its popularity with customers. She said the average cart size and value are higher than the Dollar General stores of the same name, despite refusing to provide numbers.

For the dollar store chain, Popshelf is a way to attract new customers and increase profits. Its target customers are women who live in the suburbs and have annual household incomes of $ 50,000 to $ 125,000, the company said. The stores are approximately 9,000 square feet and stock items such as housewares, seasonal decorations, and party supplies, including Dollar General’s own brand items. Over 90% of the goods Popshelf sells are $ 5 or less, the company said.

Dollar General’s clients typically live in rural areas, are on tighter budgets, and are slightly older, Taylor said. Customers have an annual household income of $ 40,000 or less. Sales in the dollar stores also include a heavier mix of grocery and snack items that tend to be less profitable for the retailer.

Dollar General has more than 18,000 stores in 46 states. To drive growth, the retailer opened additional locations in no time at all. It also adds fresh fruits and vegetables in more of its shops and Expansion into healthcare. It rented his first chief physician in July.

Taylor said the idea of ​​Popshelf was born while Dollar General was working on its Non-Consumables Initiative, a company-wide attempt to add more items such as home accessories and party supplies to its store lineup that began in 2018. She said the company saw an opening for another store.

“We have found that there are many advantages to having a stand-alone concept, especially as it is a really exciting, fun and engaging shopping experience in the small box store,” she said.

That inspired Popshelf’s emphasis on colorful displays and frequent changes of goods to make visiting stores feel like a “treasure hunt,” whether shoppers are looking for a gift, preparing for a party, or decorating for the holidays, she said.

Depending on the season, the product mix includes toys, throw pillows, Christmas decorations, pumpkin-shaped disposable paper plates, balloons, bath bombs and specialties such as hot cocoa and cheese for a charcuterie platter.

Housewares in particular are a hot category, including decorative and organizational items, Taylor said.

She said popshelf stores offer customers the ability to purchase online and in-store for pickup. She said the company is also likely to start delivering home purchases so people who don’t live near a popshelf store can buy the products. She said it got a lot of requests for it on social media.

The company is also testing a store-in-a-store format. It has opened 14 smaller versions of Popshelf in DG Markets, a Dollar General format that’s bigger and has more food choices, and more are being added.

Looking for growth, coping with inflation

Dollar General seeks to fuel growth – and attract buyers with more disposable income – as it prepares for the decline in sales and copes with inflation. As its budget-conscious customers experience higher prices at gas stations and grocery stores, it reduces the money they can spend in dollar stores. Compared to other retailers, the discounter also has fewer opportunities to raise prices due to its good reputation and the risk of deterring customers.

His main competitor, Money tree, took a big step last week and said it would pass more of the cost on to buyers. It will start selling most goods for $ 1.25 instead of $ 1 to cover rising freight costs.

Dollar General said Thursday that it expects sales to decline between 2.5% and 3% in the same business for this fiscal year. On a two-year basis, this corresponds to a growth of around 13% to 14% if one takes into account the jump in sales during the pandemic.

The company expects earnings per share for the year of $ 9.90 to $ 10.20, slightly higher than its previous expectations of $ 9.60 to $ 10.20.

For the third fiscal quarter ended October 29th, which the retailer reported on Thursday, earnings exceeded analysts’ expectations.

The company earned $ 2.08 per share on sales of $ 8.52 billion. According to Refinitiv, an average of analysts expected Dollar General to make $ 2.01 per share on sales of $ 8.50 billion.

But net income of $ 487.03 million was lower than a year ago when it made $ 574.26 million, or $ 2.31 per share.

At the close of trading on Wednesday, Dollar General’s shares were up nearly 6% this year. The stock closed at $ 222.79 on Wednesday, which equates to a market value of $ 51.98 billion.

Rivian IPO proves Common Motors is undervalued, says GM CEO

GM Chair and CEO Mary Barra speaks to investors at the GM Tech Center in Warren, Michigan on October 6, 2021.

Photo by Steve Fecht for General Motors

The massive reviews from startups for electric vehicles like Rivian that made his public debut on Wednesday on the Nasdaq at a higher share price and market capitalization than General Motors, shows that the old automaker is “so undervalued,” said GM chief Mary Barra on Wednesday.

Rivian stock started trading at $ 106.75 per share, up about 37% year over year IPO price of $ 78 per share and a market valuation of $ 91 billion. This compares to GM at $ 60 per share and a market capitalization of $ 86.4 billion.

“What it sets out to me is the great opportunity. General Motors is so undervalued, “said Barra on Wednesday, without specifically naming Rivian during the New York Times’ DealBook conference.” I see it as a great opportunity for General Motors to achieve significantly more value. “

When asked if her competitors’ reviews made sense, Barra said she didn’t see them that way.

“I see every competitor as someone I respect. And that we have to get better, have to be faster, have to have vehicles that consumers want, that solve the property equation,” she said. “So that’s how I see it. I would say, if anything, it motivates me to work even harder.”

Rivian is recognized as a pioneer in EV startups that can rival the leading electric vehicle Teslaas GM and other traditional automakers invest tens of billions of dollars in the emerging market segment.

GM was interested in investing in Rivian, but its biggest rival, Ford engine, invest in the EV start-up instead. Ford, which owns about 12% of the start-up, convinced Rivian CEO RJ Scaringe that Ford would be a better fit than GM, as reported recently from the Wall Street Journal.

GM has announced plans to invest $ 35 billion in electric and autonomous vehicles by 2025, since there is Goals exceed Tesla until then in domestic EV sales.

Jim Cramer says Common Electrical breaking apart into three firms is the appropriate transfer

CNBCs Jim Cramer cheered on Tuesday General electrics‘s plan to split into three separate companies focused on energy, aviation and healthcare.

While the possible breakup of the American industrial conglomerate may seem symbolically bleak, the Mad Money host said it was the right and necessary financial move and he trusts GE CEO Larry Culp to carry it out.

Culp, who acquired GE in 2018, “saved the company, and while we may miss the GE name, the divisions themselves were a house that, of course, couldn’t hold up,” Cramer said.

Cramer said Culp did an excellent job streamlining GE’s business structure and cleaning up its balance sheet after it was impacted by the financial crisis. However, Cramer said it made no sense to hold the remaining units together at this point.

“Let me put it this way: if you started a business today, you’d never start one that’s part aerospace, part health care, and part energy, including renewable energy,” said Cramer.

GE plans to outsource its healthcare business by early 2023 and its energy business by early 2024, according to a press release from the company. The current GE will be the aerospace-focused company.

Once that happens, Cramer said the standalone companies will be easier to deceive for Wall Street analysts and investors alike.

“Even at its peak, that combination hasn’t wowed anyone in twenty years so you had to do it,” said the former hedge fund manager, but suggested that as separate entities it could be a different story.

“A healthcare company based on high-demand MRI machines that they can’t even get enough of? That’s good, ”said Cramer. “The power and renewable energy business could be very attractive to asset managers looking to go green – and there are plenty of them.”

GE shares rose 2.65% Tuesday to close at $ 111.29 apiece. The stock is up almost 29% since the start of the year, outperforming the S&P 500It’s about 25% profit over the same range.

Common Motors unveils new high-end GMC Sierra Denali and AT4X pickups

DETROIT – General Motors launches two new high-end GMC Sierra 1500 pickups, including one called Denali Ultimate, which will start at more than $ 80,000 – making it the most expensive half-ton full-size pickup on the market.

The new models aim to build on Sierra’s already high profit margins and average transaction prices, which stand at $ 53,342. That includes $ 61,695 for the current Denali 1500 pickup truck, which starts at around $ 57,700.

The other new pickup is the AT4X, a more luxurious and all-terrain pickup than the current AT4. of the brand, from $ 74,995. It has many but not all of the technical improvements like the Denali Ultimate with off-road parts and accessories. It also has less chrome on the outside and opts for more darkened features and tires.

2022 GMC Sierra 1500 Denali Ultimate

GM

“There is an opportunity to add even more luxury and even more capabilities. We believe there is a market for it. There are people willing to pay an even higher price, ”said Duncan Aldred, GMC’s global director, during an interview earlier this year.

The new models are part of an updated range of full-size pickups for the 2022 model year that includes a refreshed exterior and a redesigned, more technologically advanced interior on most models. The trucks will debut online Thursday night and during an ad on Thursday Night Football between the Denver Broncos and Cleveland Browns.

The updated models offer a digital display greater than 40 inches diagonally, including a new 13.4 inch diagonal color touch screen, a 12.3 inch digital instrument for the driver and a 15 inch head up displays. Both the AT4X and Denali Ultimate have a standard 6.2-liter V-8 engine that delivers 420 horsepower and 460 foot-pounds of torque.

2022 GMC Sierra 1500 AT4X

GM

While the GMC Sierra shares its bones the Chevrolet Silverado, The automaker has specifically differentiated both the pickups and the brands in recent years. The differentiation has allowed GM to continue to bring the GMC brand to market, although many of the vehicles share platforms and features with Chevrolet vehicles.

According to GM, the vehicles should go on sale in the spring of next year. The automaker is accepting refundable reservation deposits of $ 100 on GMC’s website for the Sierra 2022 models.

Starting prices for the 2022 GMC Sierra range range from $ 32,495 for a work-oriented pickup to $ 80,395 for the Denali Ultimate. The price includes a mandatory target fee of $ 1,695.

GMC isn’t the first to offer a truck with a starting price of more than $ 80,000. Ford engine offers a handful of pickups above this price point, but they’re bigger super duty trucks than the GMC Sierra 1500.

Denali Ultimate

GM executives have Denali as one of its leaders Profit gems for many years. It started as a small trim on the Yukon SUV in 1999, but has expanded to include every vehicle of the brand in recent years.

The Sierra Denali Ultimate is a fully loaded vehicle equipped with GM’s Super Cruise hands-free freeway driving system, which will be expanded upon the company’s announcement 22 models by 2023. The technology will be available on the regular Denali, but not by default.

The 2022 GMC Sierra 1500 Denali Ultimate features GM’s Super Cruise hands-free highway driving system.

GM

“The very first Sierra Denali Ultimate Trim is the most advanced and luxurious pickup in its class and takes the popular Denali sub-brand to an even higher threshold for capable luxury,” GM said in a press release on Thursday.

Other features include a pickup bed made of carbon fiber composite, high-quality suspension and driving components, massive 22-inch wheels, full-grain leather interior and open-pore Paldao wood paneling in the interior.

AT4X

GM calls the AT4X a “balanced design that offers advanced off-road capability” without sacrificing comfort on the road.

Like many other automakers, GMC wants to benefit from increasing sales of SUVs and the demand for all-terrain vehicles. The looks and characteristics of such vehicles have become more popular with mainstream consumers in recent years.

2022 GMC Sierra 1500 AT4X

GM

The vehicle has an upgraded suspension system and other off-road parts and accessories like a two-speed transfer case for rock crawling.

GM’s Chevrolet brand also launched a new off-road model for the last month Silverado 1500 is called ZR2.

Correction: The new 2022 GMC Sierra pickups with V-8 engines produce 460 foot-pounds of torque. In an earlier version, the number was incorrectly specified.

CDC scientist says knowledge is proscribed to judge shot for normal inhabitants

A CDC scientist said Monday that the data needed to properly evaluate Covid-19 vaccine booster vaccinations for the general population is limited – even if President Joe Biden pressures health officials to delete the vaccinations widespread use early in the week from September 20th.

The presentation by Dr. Sara Oliver at a meeting of the Centers for Disease Control and Prevention Advisory Group suggests the panel may limit its initial endorsement of additional shots to vulnerable groups and healthcare workers.

A nurse vaccinates 15-year-old Sherri Trimble at a vaccination clinic at Health First Medical Center in Melbourne, Florida.

Paul Hennessy | SOPA pictures | LightRakete | Getty Images

Several studies suggest that the approved Covid vaccines may still be effective in preventing serious illness and hospitalization, but may be less effective in preventing infections or mild symptomatic illnesses, according to Oliver. The CDCs The Advisory Committee on Vaccination Practices meets on Monday Consider booster vaccinations for all eligible Americans. The panel is also due to vote on the final approval of the Pfizer vaccine by the Food and Drug Administration.

Since the highly contagious Delta variant first appeared, the vaccine’s effectiveness ranged from 39% to 84%, according to Oliver’s presentation, which referred to several separate studies. A study that looked at health care workers and first responders showed that the vaccine’s overall effectiveness dropped to about 65% in July – up from about 90% in February. Israel dates show Pfizer’s vaccine effectiveness has dropped to just 39% in that country.

Scientists have said that the vaccines become less effective over time, and the Delta variant is a more resilient strain that is able to break through that protection.

According to Oliver’s presentation slides, “it is important to monitor efficacy trends by disease severity over time”.

It was pointed out on the slides that vaccines often require multiple doses. Hepatitis B and HPV vaccinations, for example, require a third dose after six months.

“Vaccines that require more than one dose don’t necessarily mean that an annual booster is required,” Oliver said during the presentation.

Once booster shots are available, nursing home residents, health care providers, and the elderly – the first groups to be vaccinated in December and January – will likely be given priority for the additional vaccinations, according to the CDC slides.

The CDC stressed that vaccinating the unvaccinated should be a “top priority” and giving booster doses to vaccinated individuals should not deter those who remain unprotected from the virus.

The agency also emphasized the importance of vaccine availability around the world.

“An uncontrolled global spread that could lead to new variants threatens the control of the pandemic everywhere,” said Oliver. In addition to global distribution, policy on boosters “should also consider equity in the US population,” she added.

Monday’s meeting comes after President Joe Biden said Friday US regulators are considering giving Covid booster vaccinations five months after completing the primary series and bringing forward the expected schedule for a third vaccination by three months.

Scientists have sharply criticized The Biden government’s urge to distribute booster syringes widely says the data provided by federal health officials are not compelling enough to currently recommend third vaccinations for most of the American population.

The Biden government has publicly stated that the third dose will not be given without FDA approval and a vote from ACIP.

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Basic Meeting approves spending plan with more cash for colleges, well being care

ExploreAJC Bill Tracker: Live update of bills featured in Georgian legislation

The General Assembly in June the budget was cut by 10% because it feared that tax revenues would decline. That didn’t happen: tax revenues improved with the Georgian economy. The state also receives $ 4.7 billion from the federal government’s latest COVID-19 relief plan, though it’s up to Kemp how that money will be spent.

The spending plan provides for salary increases in areas where the state government has high sales, such as: B. for employees of the Ministry of Driver Services and for prison and juvenile courts. It does not include a raise for any ordinary employee or teacher.

The House and Senate backed plans to spend $ 40 million on a rural innovation fund and $ 10 million to expand high-speed internet in rural areas.

Legislators agreed to replenish 60% of the cuts in education spending approved by the legislature last year.

ExplorePHOTOS: Last day of Georgia’s legislative period in 2021

Tillery noted that Georgia schools are receiving approximately $ 6 billion from federal COVID-19 relief laws, more than enough to make up for past cuts in government funds. Including federal aid, Tillery said schools will be able to spend far more money next year than they were before the cuts in COVID-19 spending.

Under the fiscal 2022 budget, the state would borrow approximately $ 1 billion for construction projects, much of it for new schools, college buildings, roads and bridges, and a convention center in Savannah

The plan also provides more cash for nursing homes, which are hard hit by COVID-19 and medical providers. About $ 60 million more would be allocated to various mental health programs, some of which have been overwhelmed by the mental health impact of the pandemic and addiction problems.

The budget would staff a number of agencies, including the Ministry of Health, the State Ethics Committee, the Ministry of Finance and the Secretary of State.

“This budget has a nationwide perspective. It strengthens the safety net for the people who need it most, ”he said House Speaker Pro Tem Jan Jones, R-Milton, a member of the House Budget Negotiating Team.

Dwell Nation Leisure Inc (LYV) EVP & Normal Counsel Michael Rowles Bought $6. …

TipRanks

The bottom is in for these 3 stocks? Analysts say “buy”

Never say that one person makes no difference. Last Thursday, stocks fell, bonds rose, and investors took inflation risks seriously – all because someone said what they thought. Federal Reserve Chairman Jerome Powell held a press conference giving both good and bad. He reiterated his belief that the COVID vaccination program will allow the economy to reopen completely and that the labor market will revive. That’s the good news. The bad news is that consumer prices are likely to rise in the short term too – inflation. And when inflation starts to rise, interest rates rise too – and then stocks usually slide. We’re not there yet, but the ghost last week was enough to put serious pressure on the stock markets. However, as the market decline has driven many stocks to lows, several Wall Street analysts believe now is the time to buy in. These analysts have identified three tickers with current stock prices landing near their 52-week lows. The analysts note that everyone will return on an uptrend and see an attractive entry point. Not to mention that everyone has bought a consensus rating of moderate or strong according to the TipRanks database. Alteryx (AYX) We’re starting Alteryx, a California-based analytics software company that leverages the big changes in the information age. Data has become a commodity and an asset, and businesses now more than ever need the ability to gather, collect, sort, and analyze myriad raw data. Alteryx’s products do just that, and the company has built on that need. In the fourth quarter, the company reported net earnings of 32 cents per share on total revenues of $ 160.5 million, beating consensus estimates. The company also reported good news in terms of liquidity, with $ 1 billion in cash available as of December 31, up 2.5% year over year. In the fourth quarter, operating cash flow was $ 58.5 million, down from $ 20.7 million a year ago. However, investors were concerned about the unexpectedly low outlook. The company forecast sales between $ 104 million and $ 107 million, compared to $ 119 million analysts had expected. The stock fell 16% according to the report. This was compounded by the general market slowdown at the same time. Overall, AYX is down ~ 46% over the past 52 months. However, the recent sell-off could be an opportunity as business remains solid during these challenging times, according to Wedbush’s 5-star analyst Daniel Ives. “We continue to believe that the company is well positioned to drive nearly $ 50 billion worth of market share in the analytics, business intelligence and data preparation market with its end-to-end code-friendly data preparation and analysis platform. Dollars to win as soon as the pandemic pressure subsides. The decline in sales was due to a mix of products tending to recognize upfront revenue, improve churn rates, and improve customer spending trends, “said Ives. Ives’ comments underpinned his outperform rating (i.e. buy) and price target of $ 150, up 89% for the stock for a year. (To see Ives’ track record, click here) In total, the 13 most recent analyst reviews on Alteryx, divided into 10 buys and 3 holds, give the stock one Strong Buying Analysts Consensus Rating. Stocks sell for $ 79.25 with an average price target of $ 150.45. (See AYX stock analysis on TipRanks.) Root, Inc. (ROOT) As we move into the insurance sector, we’ll be looking at Root This insurance company interacts with customers through its app who act more like a tech company than a car insurer th. But it works because the way customers interact with companies is changing. Root also uses data analytics to set tariffs for customers, where fees and premiums are based on measurable and measured metrics about how a customer actually drives. It is a personalized version of auto insurance that is suitable for the digital age. Root has also extended its model to the rental insurance market. Root has been publicly trading for only 4 months; The company went public back in October and is currently down 50% since it hit the market. In its fourth quarter and full year 2020 results, Root posted solid gains in direct premiums, although the company is still posting a net loss. For the quarter, direct earnings awards increased 30% year over year to $ 155 million. For 2020 as a whole, that metric increased 71% to $ 605 million. The net loss for the full year was $ 14.2 million. Truist’s 5-star analyst Youssef Squali reports on Root, and he sees the company maneuvering to get a favorable outlook this year and next. “ROTS Management continues to refine its growth strategy two quarters after the IPO, and the outlook for Q4 20/2021 reflects such a process. They believe that their increased marketing investments during the year will accelerate the growth in the number of policies and should provide a significant tailwind towards 2022. To us, this seems part of a deliberate strategy to balance revenue growth and profitability shifting slightly more in favor of the latter, ”noted Squali. Squali’s valuation of the stock is a buy, and its target price of $ 24 points to a 95% uptrend over the coming months. (To see Squali’s track record, click here.) Root’s shares sell for $ 12.30 each, and the average target of $ 22 indicates a possible uptrend of ~ 79% by year-end. There are 5 ratings registered, including 3 to buy and 2 to hold, making the analyst consensus a moderate buy. (See ROOT stock analysis on TipRanks.) Arco Platform, Ltd. (ARCE) The move to online and remote working has not only affected the workplace. Schools and students around the world have also had to adapt. Arco Platform is a Brazilian education company providing content, technology, add-on programs and specialized services to school customers in Brazil. The company has more than 5,400 schools on its list of customers with programs and products in classrooms from kindergarten to high school – and over 405,000 students using Arco Platform learning tools. Arco will release fourth quarter and full year 2020 results later this month. However, a look at the release of the third quarter in November is instructive. The company called 2020 “proof of the resilience of our business”. In terms of numbers, Arco saw strong sales growth in 2020 – no surprise given the move to distance learning. Quarterly sales of 208.7 million Brazilian reals ($ 36.66 million) increased 196% year over year, while sales for the first nine months of the year were 705.2 million real (123.85 million US dollars) ) increased by 117% compared to the previous year. Income for education companies may vary over the course of the school year depending on the school holiday schedule. The third quarter is typically Arco’s worst of the year with a net loss – and 2020 was no exception. However, the net loss for the third quarter was only 9 cents per share – a huge improvement over the 53 cents loss reported in the third quarter of 19. Mr. Market has cut 38% of the company’s share price over the past 12 months. However, one analyst believes that this lower share price could offer new investors an opportunity to get into ARCE cheaply. Credit Suisse’s Daniel Federle rates ARCE as an outperform (ie buy) along with a price target of USD 55. This number implies a 12 month upside potential of ~ 67%. (To see Federle’s track record, click here.) Confident that the company is positioned for the next phase of growth, Federle notes: “[The] The company is structurally sound and moving in the right direction. … Any weak operational data point is macro-related rather than a business-related problem. We continue to assume that growth will return to normal once the COVID effects go away. Regarding expansion plans, Federle noted, “Arco mentioned that it is within its plans to bring a product to the B2C market, probably as early as 2021. The product will focus on providing courses (e.g. test prep ) directly to students. It is important to note that this product is not a replacement for learning systems, but an addition. The potential success in the B2C market is an upside risk to our estimates. “There are only two reviews for Arco, although both are purchases, making the analyst consensus here a moderate buy. The shares trade for $ 33.73 and have an average price target of $ 51, indicating an upward movement of 51% from that level. (See ARCE stock analysis on TipRanks.) To find great ideas for trading rundown stocks at attractive valuations, visit TipRanks’ Best Stocks to Buy, ‘a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.

Biden surgeon common decide says U.S. racing to adapt towards new Covid strains

Vivek Murthy, named U.S. Surgeon General by President-elect Joe Biden, speaks as Biden announces his team tasked with fighting the Covid-19 pandemic at The Queen in Wilmington, Delaware on December 8, 2020.

Jim Watson | AFP | Getty Images

WASHINGTON – President Joe Biden’s surgeon general said Sunday that the United States is in a race to adapt against the mutant coronavirus, which has spawned a number of potentially more infectious variants of Covid-19.

“The virus is basically telling us that it will keep changing and we need to be prepared for it,” said Dr. Vivek Murthy during an interview with ABC News’ This Week.

“We need to be number one, do much better genome monitoring so we can identify variants when they arise, and that means we need to double up on public health measures like masking and avoiding indoor gatherings,” Murthy said Biden’s candidate for the nation’s next surgeon general, he added.

He also called for an emphasis on treatment strategies as well as further investment in testing and contract tracking methods.

“So the bottom line is we’re in a race against these variants, the virus is going to change and it’s up to us to adapt and make sure we stay ahead,” said Murthy.

The director of the Centers for Disease Control and Prevention Rochelle Walensky said the US is stepping up surveillance to monitor variants of Covid and its impact on the effectiveness of vaccines and therapeutics.

“I would say we were in one race the whole time,” Walensky told Fox News on Sunday. “The more viruses out there, the more viruses replicate, the more likely we are to have mutations and variants.”

On Friday, UK Prime Minister Boris Johnson said the new variant, known as B.1.1.7, was linked to higher mortality rates. When asked, Murthy said the US needs more data on the UK variant before making the same decision.

Dr. Anthony Fauci, Biden’s top medical advisor on Covid-19, told CBS New “Face the Nation” on Sunday that the US “has every reason to believe” that the UK government is claiming the variant is more deadly.

“We must now assume that what was predominantly floating around the UK has some increase in what is known as virulence, especially the virus’ ability to do more harm, including death,” Fauci said, adding that the US will do so I want to keep access to UK health records.

Preliminary analysis of the mutant strain, first identified in the UK, suggests that it could be the culprit for the UK’s top in some cases. Johnson previously said the new variant could also be up to 70% more transferable. The UK government has also confirmed that another infectious variant of the coronavirus has been identified in South Africa originated in the UK.

Continue reading: 5 things to know about the spread of the new strain of Covid in the UK

Last month, Colorado announced the nation’s first fall of the new and potentially more infectious strain of Covid-19. The Centers for Disease Control and Prevention warned last week that the British variant, already circulating in at least 10 states, could become the dominant variant in the US by March.

Fauci warned on Sunday that the Covid-19 vaccines are currently on the market may not be as effective against new strains of the coronavirus identified in the UK, South Africa and Brazil.

“We’re going to look at this and monitor it very, very carefully as these things move on,” said Fauci, adding that the Biden government was already planning to modify the vaccines.

“We don’t have to do this now, but the best way to prevent these mutants from developing further is to vaccinate as many people as possible with the vaccines currently available,” he said.