U.S. Covid circumstances rise to pandemic excessive as delta and omicron flow into

The US Covid cases have reached their peak in the pandemic as two highly infectious varieties circulate across the country and health officials urge Americans to get vaccinated and armed against the virus.

According to data compiled by Johns Hopkins University, new cases a day across the country hit the record seven-day average of more than 265,000 on Tuesday, beating the previous high of around 252,000 average daily cases on January 11, 2021.

The new peak of the pandemic comes as the Delta and Omicron variants spread at the same time. The previously dominant delta variant already led to higher case numbers in the USA this fall, before the advent of Omicron, which contributed to an almost vertical increase in new cases every day.

About 75,000 Americans are hospitalized with Covid-19, and the country reports more than 1,500 deaths every day. While both numbers are increasing, they’re lower than the last daily case record almost a year ago, before Covid vaccinations were widespread. Hospital admissions at the time exceeded 137,000, according to a seven-day average from Health Department data, and Johns Hopkins data shows the average death toll was more than 3,200 per day.

Approximately 62% of the US population are fully vaccinated with two doses of the Pfizer or Modern Shots or a dose of the Johnson & Johnson Vaccine from Tuesday, according to the Centers for Disease Control and Prevention.

People wait on the 14th

Brendan McDermid | Reuters

US health officials have warned that the risk for those who were not vaccinated remains highest and are urging Americans to get a booster dose to better protect themselves against Omicron.

“It has over 50 mutations and because of those mutations it may not be enough to just be vaccinated with two doses,” said CDC Director Dr. Rochelle Walensky CNBC’s “The News with Shepard Smith” last week. “And so we really need empowerment for people to increase their protection, especially against serious illness and death with Omicron.”

In the United States, Omicron represented 59% of those sequenced Covid Cases where the delta was 41% last week, so CDC estimates.

While the global scientific community is still collecting data on the new variant, which was first discovered in southern Africa in late November, there was some encouraging early news. Real-world studies from South Africa and the UK suggest that people infected with Omicron develop milder disease compared to Delta, and Pfizer and Moderna have each said that a third dose of their mRNA-Covid vaccines would do one Appears to Provide Significant Protection Against Omicron Two-shot therapy has been found to be less effective against infection.

A health care professional conducts a COVID-19 PCR test at a vacant testing site in Farragut Square on December 28, 2021 in Washington, DC.

Anna Money Maker | Getty Images

A lighter, more communicable disease could still have a devastating impact on health systems if the absolute number of cases gets high enough, experts say. Because even if a smaller proportion of the infected comes to the hospital, this smaller proportion of a very large number could be enough to burden the hospitals and affect the care of Covid and non-Covid patients.

“A higher peak value can also overwhelm the system for other people,” said Dr. Bruce Y. Lee, professor of health policy and management at the City University of New York School of Public Health, said that with fuller hospitals it would make it harder to treat patients with heart attacks or cancer, or those who have been involved in a car accident, for example .

The White House will deploy 1,000 military medical personnel to assist hospitals facing a surge in patients infected with Covid this winter, President Joe Biden said announced last week. The government will also buy 500 million home tests that Americans can order online for free, with delivery starting in January.

Americans struggle to get tested during the busy holiday season, when many navigate through crowded airports to visit family. There is a shortage of home test kits as national and independent pharmacies struggle to keep them in stock. The queues to get tested on-site at clinics in cities like New York can sometimes last for hours.

In an interview with ABC News that aired the day after the announcement, Biden he said wish he had ordered the test kits two months ago.

A number of states are reporting record averages in the daily number of new cases. New Jersey, Pennsylvania, New York, Rhode Island, Massachusetts, Virginia, Illinois, Maryland and Hawaii all hit all-time highs on Tuesday, a CNBC analysis of Johns Hopkins data shows. Ohio was just ahead of record levels, and Connecticut, Delaware and the District of Columbia all hit records in December before falling back below their new highs.

Hospital admissions are increasing in almost all of these states. The seven-day average of 325 patients in hospital beds with Covid in DC is a 70% increase from the previous week and nearing a record, while Hawaii, New Jersey, New York and Virginia all have weekly increases of 20% or more to have.

DC’s lead epidemiologist Anil Mangla said that while the outbreaks have been similar to those seen throughout the pandemic – schools, restaurants and bars, venues and people’s homes – the surge is much higher than expected. The district reports about 2,000 average new daily cases, according to Johns Hopkins data, about ten times the number two weeks ago and more than any other state on a population-adjusted basis.

“It’s very obvious that Omicron is here,” said Mangla. “Is there Delta? Absolutely. But because of the significant increase, we are definitely convinced Omicron is here.”

Mangla pointed to the declining percentage of DC Covid cases hospitalized, which has dropped from more than 5% at the beginning of the month to 2.6%, as a potentially hopeful sign that Omicron is causing a milder disease. However, infections in DC have only increased in the past few weeks.

Both Delta and Omicron are detected in tests sequenced at Ohio State University, said Dr. Carlos Malvestutto, an infectious disease doctor at the University of Columbus’ Wexner Medical Center. Although most of the patients currently in the hospital are likely to have Delta, Omicron is now seen in most of the new Covid test results.

Most hospital patients are not vaccinated, according to Malvestutto, a trend that he also expects at omicron. And even if the variant causes a milder illness, he still believes the state will beat its high hospitalization rate for the pandemic set in December 2020 when more than 5,600 patients were hospitalized with Covid. That number stands at nearly 5,200 on Tuesday.

“Much of the data we looked at tells us that while virulence appears to be significantly lower, it will still lead to an increase in hospital admissions due to the very high transferability in absolute terms,” ​​he said. “If you are vaccinated and vaccinated, you will be much better.”

– CNBCs Spencer Kimball Reporting contributed.

Three out-of-the-box methods to commerce the rise of electrical automobiles in 2022

Investors should possibly be looking under the radar for electric vehicle games in the coming year, say two traders.

With popular stocks like Tesla and Nikola “We’re trying to play around the edges,” Nancy Tengler of Laffer Tengler Investments told CNBC “Trading nation” on Thursday.

“There are two ways for investors to nibble on the sides of the electric vehicle market,” said the company’s chief investment officer. “One is Borgwarner. “

Borgwarner, a $ 10.5 billion auto parts maker, is well on its way to delivering around 30% of powertrains or electric motors to the electric vehicle industry by 2023, Tengler said. It has also lagged the market this year, up less than 13% and trading at a relatively cheap price-to-earnings-ratio of 11, she said.

“The second way is copper, maybe a name like Freeport-McMoRan, some of the miners who will be supplying the EV manufacturers, “said Tengler.

A third tangential market could see a big reversal in 2022, said Quint Tatro, chief investment officer of Joule Financial, in the same interview.

Charging station stocks flash and Charging point could make a huge profit from President Joe Biden’s infrastructure plan of roughly $ 7.5 billion allocated to the industry, Tatro said.

Blink and ChargePoint stocks are down 33% and 52%, respectively, since the start of the year.

“These are stocks that we believe will experience some tax losses in the New Year, and I think these will be interesting trading opportunities early in January,” said Tatro.

Disclaimer of liability

Covid instances rise but once more in U.S. forward of Thanksgiving vacation

One resident sorts her free groceries while another works in the pantry of the Fourth Presbyterian Church amid the ongoing coronavirus disease (COVID-19) pandemic in Boston, Massachusetts, Jan.

Brian Snyder | Reuters

Doctors urge caution to prevent Covid-19 outbreaks as cases surge across the country after a plateau lasting nearly three weeks and Americans prepare to celebrate Thanksgiving with friends and family next week.

According to a CNBC analysis of data from Johns Hopkins University, the US reported a seven-day average of nearly 95,000 new Covid infections on Thursday, up 31% over the past two weeks. Cases across the country declined for weeks this fall before fluctuating between 70,000 and 75,000 a day from late October, more than 50% less than the peak of the delta surge that devastated the US this summer.

But as the holiday season approaches and the cold weather pushes more people to meet indoors, public health officials are hoping to mitigate another record-breaking wave of Covid this winter. Last Christmas preceded the country’s worst spike in covid ever, with cases peaking at more than 250,000 a day on Jan. 11. Deaths from the virus also hit a pandemic high of around 3,400 a day in early 2021.

The combination of Thanksgiving, Christmas and plummeting temperatures makes this time of year “the perfect storm” for Covid, said Dr. Bruce Farber, chief infectious disease at Northwell Health in New York, told CNBC.

Infectious Disease Specialists largely agree that it is safe to celebrate the holidays with friends and family as long as everyone is vaccinated against Covid. but a new study from Ohio State University’s Wexner Medical Center found that half of respondents at their gatherings would not ask about guests’ vaccination status, and about 54% said they would not require unvaccinated partygoers to test negative for the virus.

“I wouldn’t allow anyone to go to Thanksgiving if they weren’t vaccinated,” Farber said. “I think that should be the price you pay.”

As the effectiveness of Covid vaccine doses has been shown to wear off over time, Farber advised fully vaccinated individuals to get their booster vaccinations for extra protection during the holidays. The Food and Drug Administration on Friday approved the Pfizer and Moderna booster vaccinations for all adults in the United States.

People vaccinated in the earliest stages of introduction are prone to breakthrough infections, said Dr. Reynold Panettieri, Vice Chancellor of Translational Medicine and Science at Rutgers University.

“I expect we’ll see an upward trend in and around the holidays just because people get together with more exposures,” said Panettieri. He noted, however, that advances in vaccination and treatment options mean that an outbreak this winter “will now be far from what it was before”.

A downward trend in Covid hospital admissions and deaths, which typically delays reported case numbers for a few weeks or more as people contract the virus and then get sick enough to need urgent help, is showing signs of flattening. About 48,000 Americans are currently hospitalized with the virus, the same level as two weeks ago, based on a seven-day average from Health Department data. And the daily average of roughly 1,200 reported deaths tracked by Hopkins is showing signs of an increase after barely changing for two weeks.

Outbreaks in the Midwest and Northeast, where cases have increased 56% and 47% in the past two weeks, seem to be driving the national numbers. Hospital admissions there rose by 20% and 7%, respectively.

The very dense cities of the northeast and the colder temperatures in the Midwest – compared to the south, where the falls have collapsed due to the more pleasant weather – could help explain these regional differences, Panettieri noted.

“The weather is driving people indoors and interest in more indoor activity could certainly add to the experience,” said Panettieri.

Panettieri said those who gather for Thanksgiving should know if their fellow attendees have been careful to avoid exposure to Covid, in addition to getting vaccinations and refreshments. But even with the risk of another outbreak this winter, advances in immunizations and natural immunity in those infected with Covid during the delta surge have made the US “much better” this Thanksgiving than it did last, Dr. Arturo Casadevall, Chair of Molecular Microbiology and Immunology at the Johns Hopkins Bloomberg School of Public Health, told CNBC in an email.

“Of course, if people have any respiratory symptoms like colds or flu-like illnesses, they need to rule out COVID-19 by getting tested before meeting with loved ones,” Casadevall wrote. “Common sense, caution, and vaccinations are great recipes for a safer vacation.”

WHO warns of rise in Covid instances throughout Europe for third consecutive week as restrictions are eased

A Covid patient breathes oxygen through a mask on October 13, 2021 in the sub-intensive care unit of the Casalpalocco Hospital south of Rome.

Alberto Pizzoli | AFP | Getty Images

Covid cases in Europe have increased for the third week in a row, World Health Organization officials said at a briefing on Wednesday, urging caution as temperatures drop and work, travel and leisure activities return to normal.

Europe is the only area of ​​the six WHO member states where cases are increasing, researchers wrote in an epidemiological update published on Tuesday. In the week leading up to Sunday, more than 1.3 million Covid cases were reported across the continent, a 7% increase from the seven days before.

“That’s three weeks of progressive increase,” said Dr. Mike Ryan, WHO Executive Director, Emergency Health Program, during a Q&A stream on the organization’s social media channels. “Although the overall global curve looks like it is going down, Europe has gone up for three weeks in a row.”

The situation in Europe is being driven in part by surges in the Czech Republic, Hungary and Poland, where Ryan said Covid cases rose 50% in the past week. With the coming winter, said Ryan, Covid is already beginning to weigh heavily on the health systems in some countries and is limiting the availability of intensive care beds.

Ryan blamed the increase, at least in part, on easing Covid restrictions.

“The northern hemisphere is approaching yet another winter and we just have to worry a little about this uptrend across Europe as we step into late, late, deep autumn,” said Ryan. “And as societies open up, we see these numbers increasing, and in a number of countries we are already seeing the health systems under pressure, we are seeing the number of available ICU beds falling.”

And as people prepare for the Christmas season for travel and face-to-face meetings, Ryan urged unvaccinated individuals to immunize themselves against the virus in hopes of preventing Covid outbreaks in the months ahead.

“There is good news in the sense that we are not seeing this massive increase, but it is still worrying even with relatively high vaccination rates,” he said.

In addition to the highly transferable Delta variant, which fueled the global Covid peaks in the summer, researchers are now observing a development of the strain that could be even more dangerous. Known as Delta Plus, Experts in the UK see the mutation in a growing number of Covid patients.

But there is currently no evidence that Delta Plus is more contagious than its predecessor, Prime Minister Boris Johnson’s spokesman said on Tuesday.

And amid a spike in Covid cases and deaths, Russian President Vladimir Putin is asking most workers to stay home for a week from October 30, according to the Associated Press. Russia reported a seven-day average of nearly 31,700 new Covid cases on Tuesday, up from more than 27,200 a week earlier, according to data compiled by Johns Hopkins University.

The Untamed Rise Of Hospital Monopolies : Planet Cash : NPR

Hospitals are getting bigger and more expensive

Last month, Michigan’s two largest hospital systems, Spectrum Health and Beaumont Health, announced that they were planning to become one. The $ 12.9 billion megamerger would create a healthcare industry complex with 22 hospitals, 305 outpatient facilities, and an insurance company. It would employ 64,000 people, making it Michigan’s largest employer. Local newspapers had expected the merger to “sail through” government approval. But now they are not so sure.

This is because President Biden recently signed an executive order stating that his government is serious about promoting competition and specifically identified hospitals as an area where increasing monopoly is a problem. The order, says the White House, “Emphasizes that hospital fusions can be harmful to patients and encourages the Department of Justice and the Federal Trade Commission (FTC) to review and revise their merger guidelines to ensure that such fusions do not harm patients.”

Hospitals are a really important part of the American economy. Not just in terms of health and wellbeing, but also in terms of dollars and cents. Most of America’s healthcare spending goes to hospitals. And the hospital sector is one of the largest sectors in the entire American economy, accounting for about 6 percent of American GDP. Hospitals do a lot of good. You save lives. They create good jobs. But with their increasing monopoly, Zack Cooper, an economist at the Yale School of Public Health, fears they will become like a “Dracula” who “sucks some of the vibrancy in many cities across the country.”

Cooper and colleague Martin Gaynor found the numbers on hospitals using the government’s preferred method of measuring market concentration and found that approx. 80% the American hospital markets are now “highly concentrated”. “The average hospital market in the US is well above what the FTC and DOJ would consider healthy levels of concentration,” says Cooper. Many of these markets, he says, are dominated by just one or two hospitals, which gives them the market power to withdraw extra money from communities for health procedures and emergencies.

In addition to decades of mergers and acquisitions with hospitals that are devouring other hospitals, hospitals are also increasingly buying up medical practices. Economists refer to this as “vertical integration”. Think of steel manufacturers who buy the railroad lines. As with mergers and acquisitions, Cooper said, many of these deals have not been properly scrutinized by federal regulators.

According to Cooper, the research clearly shows that increasing monopoly has increased prices for patients. Less competition means hospitals can charge higher prices and get away with it. You can pay lower wages and get away with it. And they can offer worse care and get away with it. “We want companies to compete and be incentivized to upgrade their quality to attract more consumers, and the more hospitals merge, the less harsh those incentives become,” says Cooper. “We have evidence that death rates are literal higher in markets where hospitals have less competition. “

[Editor’s note: This is an excerpt of Planet Money‘s newsletter. You can sign up here]

The bizarre thing about all of this is that many of these monopoly hospitals are technically considered “non-profit”. Apparently, there are “a lot of nonprofits in the healthcare industry,” jokes Cooper. He doesn’t take their “charitable” status very seriously. He sees it more like a game where nonprofit hospitals use the extra money they make to pay executives and buy shiny things, rather than making profits that are distributed to shareholders. Cooper says that nonprofit hospitals tend to “invest too much in technology. And the irony is that you get even more expensive things that are probably not necessary – and they suck more money into the health system. “

There are some quirky advantages to being a nonprofit organization for hospitals. You don’t have to pay taxes like for-profit companies do. And while the FTC can block anti-competitive mergers between nonprofit hospitals, current law prevents them from investigating nonprofit hospitals for anti-competitive behavior. “It’s kind of crazy,” says Cooper.

Cooper recently started a project called “1% Steps to Healthcare Reform”. The idea behind this is basically that the American healthcare system is such a daunting mess that we should focus on achievable, incremental steps to improve it. Dealing with hospital consolidation, he says, should be a top priority. And he recently co-wrote a policy brief that describes steps to deal with it.

For starters, Cooper says, America needs to top up its federal antitrust budget. They are inferior and understaffed, and they are struggling to keep up with the tidal wave of mergers and acquisitions that we have seen. Next, he says, we need to authorize federal antitrust authorities to take enforcement action against nonprofit hospitals. And he offers a number of technical legal ideas that he hopes will set the scales of antitrust law more in favor of American consumers.

As for the specific deal between Spectrum and Beaumont, Cooper was reluctant to make a final judgment on the merger without delving into the details. According to the Detroit Free Press, the two health systems have no geographic overlap between them, meaning that they are not direct competitors in the local markets. This can help your case. But, says Cooper, there is some pointers this suggests that even mergers like this, “cross-market mergers”, lead to higher prices for consumers.

We asked Spectrum Health for a comment. “We have a track record of previous integrations, including those with smaller, rural hospitals that focus on helping people stay healthy wherever they live,” they say. “We see the proposed integration with Beaumont Health no differently. We have integrated multiple hospitals and understand the need for quality care in local communities. Patients benefit from a comprehensive health system with many locations and levels of care that are connected as needed and available to meet their needs. “

We’ll have to wait and see if Biden’s arrangement will have any effect on the proposed merger. Cooper is thrilled that the White House is highlighting the problem of hospital monopoly. But so far it’s mostly just words on paper that “encourage” federal authorities to do something about it. We need action from Congress and more work in the FTC to really do something about this problem.

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Singapore tightens restrictions once more as Covid circumstances rise

A Housing & Development Board (HDB) public housing estate in Singapore.

Wei Leng Tay | Bloomberg | Getty Images

SINGAPORE – The Singapore government said Tuesday it would tighten Covid-19 measures again as new cases continue to rise, making the country’s reopening plans difficult.

Measures include reintroducing a ban on eating and limiting the maximum number of people who can gather from 5 to 2.

Covid-19 cases in Singapore have increased in recent weeks. Several clusters have emerged around karaoke lounges, wet markets and hawker food centers, which raise concerns among the authorities. Health Department data showed There were 480 joint cases last week, a significant increase from the 19 reported in the past seven days.

Given the current transmission rate, the number of cases can be expected to rise sharply as more people are likely to be infected.

“This is very worrying as it can affect many people in our community across the island,” the Singapore Ministry of Health said in a statement.

“As we continue to conduct extensive testing for people at risk of infection, we can expect the number of cases to increase in the coming days,” she added.

Between July 12 and July 18, an average of 46 cases were detected in the community per day – the highest number of cases since April 2020, the Ministry of Health said on Tuesday.

The latest restrictions are in effect from Thursday July 22nd to August 18th.

What are the latest measures?

Restrictions that will be re-imposed include:

  • The number of people who are allowed to gather will be reduced from 5 to a maximum of 2 people.
  • Households are only allowed to receive 2 different visitors each day, not counting grandparents who look after their grandchildren.
  • Eating out is prohibited, but restaurants, food courts, and hawker centers are allowed to offer take-away.
  • Exhausting sports and exercise activities indoors, which normally require the removal of masks, will be discontinued.
  • Large events such as live performances and wedding receptions are being scaled down and pre-event testing remains an essential measure.
  • Working from home remains the standard option for most businesses.

Tuesday’s measures followed when the city-state reported 172 new cases on Monday, including 163 locally transmitted infections. It was the highest number of daily reported cases since last August.

Most of these cases were linked to two large clusters – the Jurong Fishery Port, where fishmongers gather their stocks to sell in markets and food centers, and the so-called KTV lounges or karaoke bars – where customers interact with hostesses .

Jurong is fishing port closed until the end of the month to try to break the chain of transmission while the workers there were quarantined.

Singapore has banned nightclubs, bars and KTV lounges from operating since last year as activity on the premises is considered a high risk. However, some of these establishments continued to operate as food and beverage outlets. Some of them are suspected of violating the Covid-19 rules by providing hostess services.

Covid deaths on the rise once more within the U.S. after weeks of decline, CDC says

A nurse disinfects her hands as she leaves a coronavirus disease (COVID-19) patient room in the intensive care unit at SSM Health St. Anthony Hospital in Oklahoma City, Oklahoma on Jan. 28, 2021.

Nick Oxford | Reuters

Coronavirus deaths are picking up again as the Delta variant tears through unvaccinated pockets in the country, the director of the Centers for Disease Control and Prevention said Friday.

“After weeks of declines, the seven-day average daily deaths rose 26% to 211 per day,” said Dr. Rochelle Walensky during a press conference.

New cases are also on the rise, with a current seven-day average of 26,300 cases, according to the CDC. That is around 70% more than the seven-day average of the last week.

The seven-day average for hospital admissions is now 2,790, which is about 36% higher than a week ago after weeks of declines.

In light of the new numbers, Walensky said the pandemic has now become a “pandemic of the unvaccinated”.

“We are seeing outbreaks of cases in parts of the country that have low vaccination coverage because unvaccinated people are at risk and communities that are fully vaccinated are generally doing well,” Walensky said.

Only four states accounted for more than 40% of all new cases in the past week. One in five cases occurred in Florida alone.

The five states with the highest number of cases, Arkansas, Florida, Louisiana, Missouri, and Nevada, all had higher vaccination rates compared to the national average.

The US reports an average of 530,000 vaccinations per day over the past week, according to the CDC. More than 3 million shots per day were reportedly administered at peak levels in mid-April.

According to CDC data, about 65% of Americans 12 and older have received at least one dose of a Covid vaccine, and 56.5% are fully vaccinated.

Walensky claimed that the Pfizer and Modern Vaccines are still highly effective against the Delta strain, although studies have shown reduced effectiveness of the vaccines over the highly transmissible variant.

Israel Ministry of Health released preliminary results showing the effectiveness of the Pfizer vaccine in preventing infection from the Delta variant at 64%. The study also showed similar effectiveness in preventing serious illness from the virus variant after two doses. Some experts have criticized the Israeli study, citing problems with Israeli genome monitoring.

Other Studies by Public Health England and The Lancet put Prevention rates for the Delta variant after two doses of a Pfizer vaccine at much higher numbers. Walensky also cited numbers “exceeding 90%” in mRNA vaccine protection against hospitalization and death against the Delta variant.

CNBC’s Nate Rattner contributed to this report.

This is the latest news. Please check again for updates.

American Airways shares rise on service’s higher second-quarter forecast

American Airlines flight takes off from Miami, Florida.

Marco Bello | Reuters

American Airlines Shares rose after the airline forecast better revenue and a smaller loss for the second quarter than previously estimated, the latest sign of airlines recovering from travel expenses from the coronavirus pandemic.

The Fort Worth, Texas-based airline said Tuesday that it expects a “slight” pre-tax profit for the second quarter. It said it is expected to release results from a net loss of $ 35 million to a net income of $ 25 million for the three months ended June 30. Excluding net special items, it expects a net loss of up to $ 1.2 billion and a stock loss of between $ 1.67 and $ 1.76. That compares to analyst estimates of $ 2.44 per share.

“We are clearly moving in the right direction,” said CEO Doug Parker and President Robert Isom in an employee statement.

American stock was up more than 2% in early trading on Wednesday.

Air traffic has recovered strongly since the spring when Covid-19 Vaccines became widespread in the U.S., and officials lifted restrictions banning attractions from indoor restaurants to theme parks.

American said it flew 44 million passengers in the second quarter, an 82% increase from the first three months of 2021, albeit still below 2019 levels.

Revenue for the quarter ended last month was likely 37.5% below the same period in 2019 when it generated $ 11.96 billion, compared to an earlier estimate of a 40% decline.

American expects the daily cash build rate to be around $ 1 million per day, the first positive quarter since the pandemic began.

US airlines have at times struggled to meet the rapidly growing demand for travel.

As of March 2020, airlines have received $ 54 billion in federal payroll allowance in exchange for not laying off workers. This has contributed to staffing bottlenecks that have arisen in certain workgroups such as customer service reps and pilots.

Americans for his part cut his schedule for the first half of July by 1% and canceled flights in the last month partly due to a lack of trained and available pilots or other personnel.

“Restoring service this quickly in response to unprecedented growth in demand is incredibly complex,” write Isom and Parker. “But the Americans are facing the situation, and the results prove it.”

The airline is expected to release its quarterly results on July 22nd before the market opens.

Rise in adolescent Covid hospitalizations is reflection of latest variants, Gottlieb says

Dr. Scott Gottlieb pointed out the highly transferable Covid-19 variants as a possible cause on Friday an increase in adolescents’ hospitalizations with the virus in March and April.

“It’s worrying the trends in hospitalization” among teenagers, said Gottlieb, the former head of the Food and Drug Administration during the Trump administration. “I think it’s a reflection of the new, more contagious varieties.”

“We see that these variants are more contagious in all age groups, so they affect more adults, but also more children as a result, especially B. 117,” Gottlieb told CNBC “The news with Shepard Smith.”

The B. 117 variant is currently the most widespread strain in the United States with 20,915 reported cases the Centers for Disease Control and Prevention.

In the first three months of the year, CDC researchers found that almost a third of adolescents hospitalized with Covid had to be admitted to an intensive care unit. In the meantime, 5% required invasive mechanical ventilation. Of course, CDC data shows that no teenagers died from Covid in the US in the first quarter of 2021.

CDC director Rochelle Walensky urged parents on Friday to vaccinate their teenagers against Covid, citing more teenagers hospitalized with Covid.

Disclosure: Scott Gottlieb is a CNBC employee and a member of the board of directors of Pfizer, genetic testing startup Tempus, health technology company Aetion Inc., and biotechnology company Illumina.

Laborious seltzer’s reputation propels the rise of the canned cocktail

This summer’s hottest cocktail comes in a can.

Between 2019 and 2020, the premixed cocktails category in the US grew by 50%, according to industry tracker IWSR. The segment is still relatively small, accounting for only 3% of US spirits volume, based on data from the United States Distilled Spirits Council. However, companies and industry experts expect enormous growth after the pandemic boom. Bank of America Securities predicts the category will generate revenue of $ 3 billion to $ 4 billion over the next few years.

The rise of the tough seltzer has fueled the growing popularity of canned cocktails. Ready-to-drink vodka sodas or gin and tonics appealed to consumers looking for a stronger flavor or a more alcoholic beverage, and the category has expanded with greater variety.

Canned cocktails, like Hard Seltzer, appeal to consumers who choose their alcoholic beverages based on convenience and taste. However, ready-to-drink cocktails are usually of higher quality because their base is made from real spirits, not the sugar or malt found in hard seltzer or lemonade. A six-pack of hard seltzer usually brings back about $ 10 for consumers, which is also the starting price of a four-pack of canned cocktails.

Canned cocktails can also be harder to find outside of liquor stores, as states regulate them differently than flavored malt beverages.

In a March report to customers, Bank of America’s beverage analysts chose Anheuser-Busch InBev and Diageo as two companies that will emerge as key players. Currently, some of the standout brands are E. & J. Gallos High Noon, Monaco, AB InBevs and Cutwater Spirits Beam Suntory’s According to analysts on the rocks.

Alcohol giant AB InBev entered the segment in 2019 by purchasing Cutwater, a San Diego-based craft distillery. Cutwater is the second best canned cocktail brand in US dollar sales, accounting for 10% of the ready-to-drink cocktail segment based on IRI data for the 13 weeks ended May 9th.

For the Budweiser brewer, the acquisition was an opportunity to enter new categories, as beer consumption has declined in recent years. Fabricio Zonzini, president of the company beyond the beer division, said that his division’s first priority is ready-to-drink beverages.

“I think Covid was a propeller for ready-to-drink products because it brought the convenience of the bar to your home,” he said. “And we’ve seen that growth. Thank goodness we had Cutwater.”

In addition to Cutwater, AB InBev has also partnered with a Canadian distiller for Nutrl, a line of vodka beverages. Zonzini said the company will be testing the beverages in the U.S. to appeal to consumers who want a lighter, more refreshing cocktail, similar to the taste profile of a hard seltzer. Last year the company released flavored vodka under its Natural Light brand, which could mean the brewer will get canned vodka cocktails from the brewer if the liquor sells well.

“When we see the results, if it connects the way we believe it will open another door,” said Zonzini.

Johnnie Walker owner Diageo is now making its own push into the segment. In April it bought Loyal 9, which mixes vodka and lemonade in a can. Before the purchase, the company had already launched cocktail offshoots from Crown Royal, Ketel One Botanical and Tanqueray.

“The category did really well. It’s the fastest growing part of [total beverage alcohol] and just accelerates quickly, “said Jay Sethi, senior vice president of North American convenience food for Diageo.

Sethi said consumers are starting to look for more premium canned cocktails, which means they are ready to spend more too.

It’s not just the alcohol giants who want to capitalize on the growth of canned cocktails. Smaller upstarts like the Cardinal Spirits craft distillery have also released versions.

Zing Zang, who has cult following for his Bloody Mary blend, launched its first line of canned cocktails in the alcoholic beverage market last year. The move took several years as he perfected the recipes and found vendors who could easily carry alcohol, but the drinks have been good so far, according to CEO Brent Albertson.

Albertson, who spent three decades at Diageo before joining Zing Zang, said the company’s market research found that 25- to 37-year-olds were the target market for the beverages.

“You don’t drink it to get drunk,” said Albertson. “They want to do it on boats, on golf courses. They want that convenience and portability.”

Even if consumers return to their favorite bars, the canned cocktail trend cannot be expected to wear off. Brandy Rand, chief operating officer for America at IWSR Drinks Market Analysis, said she expects more ready-to-drink beverages to appear on the menu.

“Consumers like them and offer local operators a viable option when faced with capacity and staffing issues, tighter margins and leaner menus,” said Rand. “Canned cocktails are also a great option for Take away beverages in states where legal. “