With Hamilton, Disney, Depraved ticket gross sales gradual, Broadway is not again

Hamilton im Richard Rodgers Theatre in der Nähe des Times Square bleibt nach den am 15. Januar 2021 in New York City verhängten Beschränkungen zur Verlangsamung der Ausbreitung des Coronavirus geschlossen.

Cindy Ord | Getty Images

In eine Broadway-Show zu investieren ist ein riskantes Unterfangen: Nur eine von fünf Produktionen amortisiert ihre Investition. Aber die 20% der lukrativen Produktionen – wie „Hamilton“ – ziehen oft ein massive Einnahmen für ihre Anleger.

Aber das war vor Covid.

Da die New Yorker Theaterindustrie seit über einem Jahr geschlossen ist und die Theaterbesucher zögern, in überfüllte Innenräume inmitten einer deutliche Steigerung bei Covid-Fällen im Zusammenhang mit der Delta-Variante haben die Hersteller Grund zur Sorge. Der Ticketverkauf boomt nicht wieder.

Am 14. September werden drei hochprofitable Mega-Musicals: „Hamilton“, „Wicked“ und „The Lion King“ zu den ersten Broadway-Musicals mit 100-prozentiger Auslastung gehören. Obwohl Tickets seit Monaten im Verkauf sind, weder “Böse” Noch “Der König der Löwen” – die beiden umsatzstärksten Musicals der Geschichte – ausverkauft in der ersten Aufführungswoche. “Hamilton”, das historisch gesehen monatelang innerhalb von Minuten ausverkauft war, hat auch in der Eröffnungswoche reichlich Verfügbarkeit. Zwischen dem 14. September 2021 und Juni 5, 2022, nur eine Aufführung von “Hamilton” ist ausverkauft.

“Wicked”-Produzenten lehnten eine Stellungnahme ab. Die Produzenten von “Hamilton” reagierten nicht auf Anfragen nach Kommentaren.

John Kenrick, ein amerikanischer Theaterhistoriker, Texter und Theaterproduzent, der an mehreren Broadway-Musicalproduktionen mitgewirkt hat, darunter die Wiederaufnahme von “Grease” und “Rent” von 1994, sagt, dass Broadway-Produzenten großen Grund zur Besorgnis haben. “Jede Produktion, unabhängig von ihrer Größe, steht vor der Frage von Leben und Tod”, sagte er.

Sowohl am Broadway als auch außerhalb führen die Produzenten von Live-Events die schleppenden Ticketverkäufe auf die durch die Delta-Variante verursachte Branchenvolatilität zurück. Michael Rosenberg, Geschäftsführer des McCarter Theatre, einem großen Regionaltheater in Princeton, NJ. und ehemaliger Geschäftsführer des La Jolla Playhouse in Kalifornien, sagte, es sei zu erwarten, dass die Theaterbesucher zögern werden, aber das ist kein Grund, die Show zu stoppen.

“Wenn Shows wiedereröffnet werden, treffen die Leute ihre Kaufentscheidungen viel näher am Aufführungsdatum, als wir es gewohnt sind”, sagte Rosenberg. “Die Leute werden etwas vorsichtiger sein, wenn es um [buying tickets] acht Wochen, neun Wochen, zehn Wochen aus.”

Die Pandemie hat schon gezwungen Fünf Broadway-Produktionen schließen und verschoben die Eröffnungstermine von sieben anderen Produktionen – von denen viele Schicksale unbekannt sind.

Sollte der Broadway seine Chance ergreifen?

Während die Wiedereröffnung des Broadways vor zwei Monaten auf sicherere Füße gewirkt haben mag, stellt der Anstieg der Covid-Fälle aufgrund der hoch übertragbaren Delta-Variante die Entscheidung zur Wiedereröffnung im September in Frage.

“Die Theaterbesucher wählen mit ihren Dollars”, sagte Kenrick. “Wenn Sie das überstürzen, wird es Sie viel mehr kosten, als wenn Sie es langsam und stetig angehen.”

Während die Broadway League bekannt gab Maße am 30. Juli, um die Ausbreitung von Covid zu verhindern – etwa Masken- und Impfpflicht für alle Broadway-Theater – bleibt Kenrick skeptisch.

Als Zeichen der Unsicherheit gab die Broadway League dies bekannt werden für die Saison 2021/22 keine Kinokassen-Einnahmen ausgeben, eine Entscheidung basierte auf Faktoren wie der gestaffelten Einführung von wiederkehrenden und neuen Produktionen und erwarteten Schwankungen in den Aufführungsplänen.

Londons äquivalentes Wiedereröffnungsexperiment weckt kein Vertrauen.

Am 19. Juli versuchte das Londoner West End wieder zu öffnen, als die Kapazitätsbeschränkungen aufgehoben wurden. Andrew Lloyd Webbers 8,1 Millionen US-Dollar Produktion von “Aschenputtel“ sagte seine Premiere am Abend ab, nachdem ein Darsteller positiv auf Covid getestet worden war. Lloyd Webber unterbrach die Aufführungen am 19. Juli auf unbestimmte Zeit und kündigte am 23. Juli an, dass die Produktion am 18. August eröffnet würde Der TelegraphLloyd Webber erklärte: “Wer weiß, wann wir hier öffnen? 2084?”

Andrew Lloyd Webber reagierte über seine Firma nicht auf eine Bitte um Stellungnahme.

Andere Produktionen in London, darunter “Hairspray”, “Romeo & Julia”, “Bach and Sons” und “The Prince of Egypt”, sagten Auftritte wegen bestätigter oder vermuteter Covid-Fälle ab. Das Londoner Kolosseum, wo “Hairspray” derzeit auftritt, “ermutigt” lediglich zu Gesichtsbedeckungen und erfordert keine Impfung der Kunden. London hat mehrere Theaterorganisationen, aber keine setzt Covid-Richtlinien wie die Broadway League durch, die hauptsächlich auf „jüngste Richtlinien der Regierung“ verweisen.

Kenrick glaubt, dass eine erfolgreiche Wiedereröffnung nur erfolgen kann, wenn die Produzenten warten, bis die Pandemie unter Kontrolle ist. Ansonsten erleidet der Broadway das gleiche Schicksal wie London: Die Produktionen werden wochenlang geschlossen, um dann für einige Tage zu öffnen, bevor sie wieder schließen. Die finanziellen Folgen dieser Strategie sind potenziell enorm.

“Covid funktioniert nicht in unserem Kalender”, sagte er. “Unsere finanziellen Bedürfnisse sind uns egal. Bis alle vernünftiger sind, werden wir einen Preis dafür zahlen.”

Ein Mann trägt eine Maske, um die Ausbreitung der Coronavirus-Krankheit (COVID-19) zu verhindern, während er durch das Theaterviertel am Times Square geht, da die hoch übertragbare Delta-Variante in New York City, USA, Juli zu einem Anstieg der Infektionen geführt hat 30, 2021.

Eduardo Munoz | Reuters

Matt Ross, ein Produzent des Broadway-Stücks “Pass Over”, das letzte Woche für die Vorschau auf volle Kapazität geöffnet wurde, sagt, der Broadway sollte die Wiedereröffnung nicht verschieben. Die Show hat eine begrenzte Laufzeit von neun Wochen, und der Produzent sagte CNBC, dass sie sich „gut verkauft“, obwohl sie nicht ausverkauft ist – aber es ist eher eine neue dramatische Produktion als ein Mega-Hit-Musical. In einem Theater mit rund 1.200 Plätzen standen für eine aktuelle Aufführung etwas mehr als 100 Plätze zur Verfügung. Es ist die zweite Produktion am Broadway seit der Covid-19-Pandemie.

„Die Denkweise ‚Lass uns einfach warten, bis alles vorbei ist‘, haben wir jetzt gelernt, dass das falsch ist“, sagte Ross. “So lebt man nicht mit einem Virus, mit einer Pandemie, mit einer Infektionskrankheit.”

Pass Over in der Tat, das Eröffnungsdatum verschoben, mit Ross kürzlich Playbill sagte: “Wir haben unseren Zeitplan mit mehr Zeit erstellt, als wir brauchen würden, da wir wussten, dass es eine reale Möglichkeit gibt, dass wir Proben oder Vorschauen verschieben müssen.”

Während der regionale Theatermanager Rosenberg eine Wiedereröffnung im September befürwortet, hat er Bedenken hinsichtlich der volatilen Start-Wieder-Stopp-Situation in London.

“[This model] kann auf Dauer nicht nachhaltig sein. Es ist ein enormer Aufwand, diese Shows wieder zu starten”, sagte Rosenberg. “Die Sache mit dem Starten und erneuten Stoppen wird wirklich problematisch, wenn das auch hier passiert.”

Ross engagierte sogar einen Epidemiologen für die Produktion, um ein solches Ereignis zu verhindern. Der Epidemiologe half dem Team, einen Plan zu entwickeln, um das Publikum und die Besetzung sicher zu halten, um das Risiko zu minimieren, dass Aufführungen abgesagt oder pausiert werden müssen. Die Produktion hat ein intensives Testprotokoll, mehr als viermal pro Woche, ein vollständig geimpftes Unternehmen, Kontaktverfolgung, Backup-Testoptionen und der Epidemiologe “führt sie durch diese Situationen”, sagte Ross. “Wir versuchen auf jeden Fall, diesen Stopp wieder zu vermeiden, Modell von vorne beginnen.”

Der größte Star am Broadway sind Touristen

Ein großer Faktor für die Fähigkeit des Broadways, finanziell erfolgreich zu sein, bleibt jedoch eine wichtige Wildcard: Touristen. Mit Touristen Das Showgeschäft, das 70 % des Broadway-Ticketverkaufs ausmacht, ist in Schwierigkeiten. Laut Büro des New York State Comptroller, sank der Tourismus in New York City von 66,6 Millionen Besuchern im Jahr 2019 auf 22,3 Millionen Besucher im Jahr 2020: ein Rückgang um 67 %. Das Büro rechnet für 2021 mit 36,1 Millionen Besuchern. Um dem erheblichen Rückgang der Touristen entgegenzuwirken, kündigte Bürgermeister Bill de Blasio eine Werbekampagne in Höhe von 30 Millionen US-Dollar an, die aus Bundeshilfsmitteln finanziert wird.

Rosenberg äußerte sich besorgt über die Rückkehr des bevölkerungsreichsten Publikums am Broadway.

“Es gibt einen großen Teil des Broadway-Publikums, das ein Tourismuspublikum ist”, sagte er. “Ich denke, dieses Touristenpublikum wird etwas länger brauchen, um zurückzukommen.”

Auch aus diesem Grund glaubt Kenrick, dass der Broadway warten sollte, bis die gesamte Tourismusindustrie und Downtown Manhattan wiederbelebt sind.

“Die Theaterbranche unterstützt über 96.000 Arbeitsplätze in Manhattan. Die Leute, die an bestimmten Shows arbeiten, machen nur einen Bruchteil dieser Summe aus”, sagte Kenrick. “Die Mehrheit sind Hotelangestellte, Restaurantarbeiter, Ladenleute, all die Leute, deren Job sich um die Präsenz des Theaters in New York dreht.”

Er glaubt, dass kleine, kostengünstige und unabhängig produzierte Produktionen die ersten sein werden, die ein gesundes Comeback erleben werden. Unternehmen, wie z Disney, die groß angelegte, millionenschwere Musicals produzieren, könnten in andere Richtungen blicken.

Was früher riskant war, ist jetzt riskanter, selbst für Disney.

John Kennick, Theaterproduzent und Historiker

Zum Beispiel Disneys neueste Produktion, die 30 Millionen US-Dollar.Gefroren,” brachte 155 Millionen US-Dollar ein (im Vergleich zu über 1,6 Milliarden US-Dollar Bruttoumsatz für “Der König der Löwen” und über 460 Millionen US-Dollar Bruttoumsatz für “Aladdin“). Während “Frozen” nur 851 Vorstellungen hatte, laufen Disneys Mega-Musical-Hits seit 22 bzw. 6 Jahren. Während “Frozen” auf dem Animationsfilm mit den zweithöchsten Einnahmen aller Zeiten, noch bevor Covid traf, entsprach es nicht den Erwartungen.

“Was früher riskant war, ist jetzt riskanter, selbst für Disney”, sagte Kenrick, zumal ihre Zielgruppe junge Kinder sind, von denen viele derzeit nicht in der Lage sind, den Impfstoff zu bekommen.

Disney Theatricals lehnte eine Stellungnahme ab.

Die Entscheidung der Broadway League, Impfungen vorzuschreiben, sei der richtige Schritt gewesen, sagte Rosenberg, aber er vermutet, dass dies Auswirkungen auf Produktionen haben könnte, die ein jüngeres Publikum ansprechen.

“Ich denke, es könnte für einige Shows schwierig sein, die ein jüngeres Publikum haben, das jünger als 12 Jahre ist, da es derzeit nicht geimpft werden kann”, sagte er.

Kenrick sagt, Disney müsse sich Gedanken machen, um die Vitalität seiner aktuellen Broadway-Eigenschaften zu erhalten. Sollte Disney eine neue Produktion eröffnen, wäre das Unternehmen seiner Meinung nach mit einer Wiederbelebung besser dran – Produktionen mit nachgewiesener Erfolgsbilanz und hoher Rentabilität.

„Das Zurückbringen von „Mary Poppins“ oder „Die Schöne und das Biest“ wird sich als [Disney] ob der Broadway immer noch eine neue Investition in neue Produktionen wert ist oder nicht”, sagte Kenrick.

Live-Theater auf Film und Streaming übertragen

Während der Pandemie debütierte Disney die gefilmte Version von “Hamilton”, die auf Disney+ gestreamt wurde, obwohl die Theaterindustrie sich weitgehend davor gescheut hat, Produktionen aus Profitgründen zu filmen und zu verteilen (einige Produktionen wurden für Bildungszwecke gedreht, aber unzählige Produktionen wurden nicht aufgezeichnet). .

Das Online-Publikum sei “ein riesiges Publikum, das das Theater viel zu lange ignoriert hat”, sagte Kenrick. “Es wäre völlig töricht, wenn die Leute das nicht ausnutzen würden.” Er fügte hinzu: “Sie können die Leute weiterhin illegal damit machen lassen und illegal davon profitieren. Oder Sie können es zu einem Teil des Pakets machen.”

Laut Ross ist Streaming ein Teil der Zukunft der Theaterbranche. “Da ist Geld zu verdienen”, sagte er, und das Angebot von aufgezeichneten Produktionen wird die Branche stärken. „Wir möchten diese Geschichte mit so vielen Menschen wie möglich teilen. Wir müssen anerkennen, dass es selbst wenn wir auf Tour gehen, immer noch Menschen durch geografische oder finanzielle Barrieren, die diese Shows nicht sehen können.“

Bei seiner letzten Telefonkonferenz am Donnerstagnachmittag, nach einem Quartal, in dem sich Disneys Themenparks erholten und im Vergleich zu den Erwartungen der Wall Street zu einer finanziellen Outperformance führten, wurde über die Zukunft der Kinostarts von Filmen diskutiert, aber nicht über das Geschäft mit Live-Kinos.

Gefilmte Produktionen sind ein relativ unerschlossener Markt, und daher ist es schwer abzuschätzen, ob sie Teil einer neuen Normalität in der Theaterbranche werden. Aber die aktuelle Situation für das Live-Theater ist ein entscheidender Moment, und die Produzenten sind möglicherweise zu begierig darauf, wieder zu öffnen und zu den Dingen zurückzukehren, die vor Covid waren.

“Wenn ‘König der Löwen’ gerade solche Probleme beim Ticketverkauf hat, wer dann nicht?” sagte Kenrick. “Also muss sich jeder fragen, gehen wir zu schnell zu schnell?”

Margot Robbie: The COVID-19 pandemic has helped me decelerate | Leisure

Margot Robbie says the COVID-19 pandemic taught her the importance of slowing down.

The “Wolf of Wall Street” star had more time than ever to “sit still” at home last year and said she finally realized the importance of taking a break and not “dealing with one.” Move a Million Miles “. Hour “all the time.

She told the August issue of UK Vogue: “I don’t know if it’s because I’m in my thirties or because life has … taken a very strange turn. I’ve been home longer than me because of COVID. “I’ve stayed somewhere I’ve been moving at a million miles an hour for as long as I can remember.

“It can be a little scary at times. But now I finally feel like it’s okay … to sit still? Or even suspend them. It’s a feeling I’ve never had before. “

Despite realizing the importance of breaks, the 30-year-old actress is already looking to her future projects that she hopes will make a movie.

She added, “I want to direct. I would like to try to write. Those would be big challenges that, to be honest, I might not be able to handle. I also think directing is a privilege and not a right. But me have a story that’s been floating around in my head for years. And I have to get the pen down on paper and see if it looks ridiculous or not. “

Margot loves taking on different challenges and says she has a “real dislike” for getting the same type of role more than once.

She said, “I have a real aversion to being pigeon-holed. As soon as someone summarizes me in two words … I want to show them that I am the exact opposite.

“As soon as you succeed in one type of role, people want you to do that. Which I just … find boring. “

The full article can be found in the August issue of British Vogue, which will be available on Friday (July 2nd, 21st) as a digital download and at the kiosk.

Weak jobs report may spur, sluggish Biden’s large cash package deal

WASHINGTON (AP) – President Joe Biden’s promised economic comeback hit a pace on Friday with the April job report that saw modest job gains of 266,000, complicating his $ 4 trillion boost to infrastructure, education and children.

The employment report did not show that the US economy, much as it appeared to be stuttering, picked up as the unemployment rate rose to 6.1%. Economists had forecast around a million additional jobs last month, and the humble attitudes indicated that the $ 1.9 trillion coronavirus aid package has so far provided an uneven boost.

The numbers pose a new challenge for Biden at a critical moment in his presidency. He insists that an open embrace of massive government spending will help resolve the country’s public health and financial turmoil – and improve the political outlook for Democrats en route to next year’s election. But the disappointing employment numbers could also encourage critics and heighten Republican resistance to the infrastructure package that Biden is trying to push through Congress.

Biden responded to the report and tried to allay the concerns.

Biden delivers an infrastructure message during the trip to Louisiana

“We knew this wasn’t going to be a sprint – it would be a marathon,” he said. The Pandemic Aid Package “was designed to help us over a period of one year, not 60 days. A year. We never thought that after the first 50 or 60 days everything would be fine. Today there is more evidence that our economy is moving in the right direction. But it is clear that we still have a long way to go. “

Biden’s opponents say the legislation has exacerbated the problems in at least one way, with increased unemployment benefits giving the unemployed a reason to stay home instead of looking for work.

The president said the job data doesn’t show that. And proponents of its plans can argue that the report shows that more spending is needed to keep the economy going.

There are also problems with supply shortages for computer chips and lumber, which are holding back growth. This is a reminder that the world’s largest economy seldom perfectly matches the wishes of the legislature.

The fate of the president’s agenda could depend on how the public processes and understands the April job report in the coming weeks, said Jon Lieber, executive director of Eurasia Group, a political risk consultancy and advisory firm.

Biden wants 70% of adults to get at least one shot by July 4th

“Can Republicans use this to say, ‘This is what happens when the government interferes with the economy and messes things up?’ Or does the public see this as a need for more government support? “Said Lieber.” That is the argument for the next month.

A clear aspect across the partisan borders was the need for caution in interpretation. A single monthly report can be volatile. The three-month average employment growth is still a healthy 524,000.

Michael Strain, an economist at the conservative American Enterprise Institute, noted that many companies have reported that they cannot find work despite increased hourly wages. Strain said he plans to monitor upcoming reports to see if this pattern is a worrying sign of Biden’s vision of how government spending can drive growth.

“If we continue to hear a growing chorus of companies complaining about labor shortages, and if wages keep rising, it will be tempting to conclude that many of the 8 million jobs we are currently missing are not returning,” said Strain.

The US Chamber of Commerce calls for the termination of the additional $ 300 per week unemployment benefit

The U.S. Chamber of Commerce, which represents companies, blamed the relatively generous unemployment benefits Biden provided as part of his relief package. The group said the controls prevent people from taking jobs.

“One step that policymakers should take now is to end the $ 300 additional weekly unemployment benefit,” said Neil Bradley, chief policy officer for the chamber. “Based on the Chamber’s analysis, the $ 300 benefit means that roughly one in four recipients takes home more unemployment than they earned.”

Jared Bernstein, a member of the White House’s Council of Economic Advisers, said he heard that companies were having difficulty finding workers, but he did not see those concerns in the employment report. For example, restaurants and bars created 187,000 jobs in the last month, although in theory workers in this relatively low-wage sector would have an incentive to just collect unemployment.

The job report pointed to other factors that could bolster Biden’s agenda. It showed losses to women forced to care for children and relatives due to the pandemic. The family demands prevented them from working outside of jobs.

There was a drop of 165,000 among women over 20 who had or were looking for work in the past month. In contrast, men saw labor force participation increases by 355,000.

One way to bring women back could be Biden’s plans to fund childcare, set up a national family vacation program, and expand child tax credits through 2025. The idea is that government action is needed to open up the labor market.

“Apparently, when you start blinking at this data to find out what’s going on, you need more government to tackle a labor shortage,” said Michael Madowitz, an economist at the Liberal Center for American Progress.

House spokeswoman Nancy Pelosi cited the “disappointing” job report as evidence that Biden’s $ 4 trillion agenda must be approved quickly.

“The evidence is clear that the economy requires urgent action and it is not preventing or delaying Congress from making transformation investments for the people,” said the Democratic leader of the Congress.

What’s gradual vogue? Motion towards extra sustainable model is increasing

We continue to celebrate Earth monthIt is important to highlight the “slow fashion” movement, which aims to make fashion more sustainable for people and the planet.

In 2018, 11.3 million tonnes of municipal waste textiles (MSW) were disposed of in landfills alone, which corresponds to 7.7% of all landfilled MSW U.S. Environmental Protection Agency.

PHOTO: Clothes and accessories hang from a rack in an undated photo.

Part of this ongoing waste can be “fast fashion“Brands that essentially get trending designs off the runway to stores faster. These items are typically made of poor quality but sell quickly due to lower costs.

Many of these products don’t last long and end up in the trash.

“The fast-fashion phenomenon – since the dawn of the millennium – has aimed to feed this fast-paced world of ultra-consumerism that all people want is a huge selection of clothes at affordable prices, with new items popping up every other week” Lucia Scarampi, co-founder of the Slow Fashion brand Marta Scarampisaid “GMA”.

What is slow fashion?

Slow fashion is a business model in which clothes are made more carefully and with more environmentally friendly materials. While the production process is longer, it also offers the ability to produce well-designed parts that are built to last, are easy to reuse and, in turn, generate less waste.

“The slow fashion movement is calling on all of us, consumers, to change the way we think by giving up senseless shopping and thinking before we act,” said Scarampi. “It also challenges us to move into shopping habits that are good for the planet.”

Scarampi’s company has kept slow fashion at its core by making items from scratch after they’re ordered, she said. The garments are carefully made and designed to be sustainable for up to two weeks.

The brand has one too Re-waste project The aim is to continuously source environmentally conscious materials, which will ultimately lead to the company being 100% waste-free.

Legendary designer fashion companies like Eileen Fisher have also found ways to incorporate sustainable slow fashion into their unique designs.

“I think slow fashion starts from a place of intuition and intention – not producing more and more just to get something out of the world,” founder and CEO Eileen Fisher told GMA.

“Take the time to review each step of the design and manufacturing process and understand how each piece is designed with a specific purpose and relationship to the rest of the line,” said Fisher. “This idea of ​​radical simplicity resonates with me right now – reduce, find what you love, and focus on what matters most.”

Fisher’s clothing brand made its earliest sustainable decision to start with high quality fibers and materials over 25 years ago after hiring its director of social awareness, she said. It was then that the label began to realize that the world of sustainability was huge, touching every part of business, including human rights, water use, carbon, recycling, and more.

In 2009 the Certified B Corporation also founded their “Renew“A program that enables shoppers to bring clothing back to stores where it can be resold, donated, or converted into a new design.

While popular fast fashion brands haven’t announced plans for more sustainability within their business model, there are buoyant direct-to-consumer labels like Everlane that strive to continually look for ways to take a slower, more sustainable approach.

“As the company has grown, our environmental impact has increased, and it is clear that our planet is in an environmental crisis,” said Sonia Martin, Everlane’s vice president of design, to GMA. “We chose to take responsibility to push for an honest, lower impact supply chain. We believe it is our responsibility to educate consumers and develop products with lower environmental impact so that they can choose and make better choices can meet.”

Most recently, the company debuted for the first time Swimwear collection Composed of seven models made from high quality Italian fabric made from 13,768 pounds of recycled plastic.

“Clothes that are better for the planet don’t have to look boring or lack a style perspective, fashion can be a driving force,” said Martin. “Our team is obsessed with designing high quality clothing that will last in your wardrobe for years and still be on trend.”

“It’s about getting the little details perfect – from the color palette to the finish,” she said.

Other seasoned and emerging fashion brands that have followed the slow fashion plan without sacrificing style or quality include Stella McCartney, Reformation, Amour Vert, ThredUP, Levis and more.

Sluggish rollout offers lesson in EU politics

Ursula von der Leyen, European Commission president.

Bloomberg | Bloomberg | Getty Images

LONDON – European Commission President Ursula von der Leyen said it herself: “It was a difficult start.”

The European Union had a bumpy one Covid-19 Vaccine rollout. The campaign has sparked complaints that regulators were too slow to approve the shots and sparked a simmering argument with AstraZeneca as the pharmaceutical company repeatedly cut its delivery obligations.

More recently, several countries have taken advantage of the OxfordAstraZeneca Vaccine amid safety concerns, a move that stunned health professionals and asked questions about future admission.

The World Health Organization earlier this week expressed concern that the ongoing coronavirus crisis in the region is now emerging. “more worrying“than it has been for several months. The warning comes as many countries introduce new measures to contain a third wave of infections.

The health department also described the vaccination campaign in Europe as “unacceptably slow” and said it was crucial to accelerate the rollout, as new infections are currently emerging in every age group except those over 80 years of age.

It is a chaotic picture, made even more complicated by the uniqueness of European politics.

“There were several problems with the system, and it is a complex system. I think it is important not to point the finger at a certain defect, but to realize that it is very complex,” said Linda Bauld, professor for public health at the University of Edinburgh, said CNBC.

The European Commission, the EU’s executive branch, was responsible for negotiating contracts with pharmaceutical companies on behalf of the 27 member states. The institution is also responsible for overseeing the exports of the shots produced in the block.

However, health policy matters are the responsibility of the Member States, which means that the 27 capitals can organize the vaccinations in their own countries and ultimately decide to buy Covid shots, for example outside of the agreements made by the Commission.

This juxtaposition between national and EU institutions has often damaged the bloc’s reputation in broader vaccination efforts.

“There are problems that have to do with both (national and EU institutions). There is clearly politics in it and we have all heard about it in the media, but there are also problems with decision-making and attitudes the commissions have to do and the priorities of the member states, “Bauld told CNBC.

AstraZeneca weft suspension

This was highlighted recently when 13 EU countries decided to stop using the Oxford AstraZeneca shot while investigating possible side effects.

At the time, the European Medicines Agency – the medicines agency for the entire 27-member region – was recommending countries to continue using the vaccine, despite reviewing data on blood clots in some vaccinated people. However, some member states preferred to be cautious and used their sovereign power to stop the use of this vaccine as the EMA completed its review. The Safety Committee of the Medicines Agency concluded in a preliminary review that the benefits of the vaccine continue to outweigh the risk of side effects.

It has also been the case that heads of state have used the institutions in Brussels to complain about the hiccups in the process. At the beginning of March, the Austrian Chancellor Sebastian Kurz said the decision to distribute the vaccines in the Commission’s steering committee was “secret”.

The group, chaired by the Commission, has representatives from all Member States, including Austria.

“Why do you get this idea when you know that Austria, like the 26 other member states, is a member of the steering committee and how the others have been informed about the previous allocations?” An EU official from another Member State who did not want to be named due to the sensitivity of the issue asked during a CNBC interview in March.

The vaccines are distributed proportionally depending on the population of the countries. However, some EU states were particularly interested in getting more of the AstraZeneca shot, as it’s cheaper and easier to store than the Pfizer BioNTech vaccine.

“If a Member State decides not to start its pro-rata allocation, the doses will be shared among the other interested Member States,” the Commission said in a statement in March.

We also know that AstraZeneca has unfortunately produced too little and delivered too little. And this, of course, painfully reduced the speed of the vaccination campaign.

Ursula von der Leyen

President of the European Commission

The distribution of vaccines has become a problem as a result AstraZeneca’s repeated cuts Deliver supplies.

While the EU was expecting 90 million doses of the shot by the end of the first quarter, the pharmaceutical company said it could only deliver 40 million doses during that period. This was later reduced to 30 million cans.

AstraZeneca has blamed low yields at European plants for lower shipments. In addition, the drug maker has said it can only administer 70 million doses between April and June when the EU was expecting 180 million over the same period.

“We also know that AstraZeneca has unfortunately produced too little and delivered too little. And of course this has painfully reduced the speed of the vaccination campaign,” said von der Leyen at a press conference in March.

Stricter export rules

To solve this problem, the Commission proposed stricter export regulations produced from recordings in the block.

Since the end of January, the 27 countries have been able to stop delivering Covid vaccines if a company does not meet delivery targets with the EU. This is how the Italian government stopped a delivery of AstraZeneca shots to Australia in March. Between the end of January and the end of March, the Commission received 315 applications for vaccine exports, but only this one was rejected.

However, as EU officials are concerned about further delivery delays, the Commission decided to tighten export regulations from the end of March.

I think the EU definitely prioritizes its population first, but it is no different from other high-income countries or regions.

Dimitri Eynikel

Coordinator at Medecins sans Frontieres

The Commission will not only check whether the pharmaceutical companies deliver on time, but also whether the recipient country has bans or restrictions on Covid vaccines produced there and whether this country also has a better epidemiological situation than the EU.

“At the political level, the entire discussion about export restrictions, controls or even bans is rather worrying,” Dimitri Eynikel, coordinator at Medecins sans Frontieres, told CNBC. He added that doing so could create further barriers, divisions and delays in vaccine distribution.

Ultimately, the supply chain is international and if a nation stopped sending raw materials to the EU, for example, it could undermine the production of the shots within the bloc.

The EU’s move to have tighter control over where vaccines go sparked criticism of vaccine nationalism.

“I think the EU definitely prioritizes its people first, but it is no different from any other high-income country or region. The US is doing the same thing, the UK is doing the same thing, in that sense (the EU) is no different.” Said Eynicle.

International Monetary Fund data has shown that China, India and the EU are among the largest exporters of Covid shots, while the US and UK have not exported any to date.

Hopes for the second quarter

Despite several problems, the EU is confident that the next three months will prove to be a turning point in the vaccination program.

In total, the commission expects 360 million doses of Covid shots between April and June, meaning it is well positioned to meet its goal of vaccinating 70% of the adult population before the end of summer.

“Despite the fact that things could have gone faster, we had great success. The alternative of not having vaccines sourced together would be that we would compete between European member states and possibly some of us did not.” Vaccine at this point too, “Malta’s Minister of Health Chris Fearne told CNBC’s Squawk Box Europe on Tuesday.

AstraZeneca vaccine halt may gradual Asia’s financial restoration: Moody’s Analytics

Yangshan Deepwater Container Port in Shanghai, China.

Qilai Shen | Corbis historical | Getty Images

SINGAPORE – Asia’s economic recovery may slow Other countries are suspending use of the Covid-19 vaccine developed by AstraZeneca and the University of Oxford warned Asia Pacific chief economists about Moody’s Analytics.

“It adds a modest risk to Asia’s role in global economic turnaround,” Steve Cochrane told CNBC “Squawk Box Asia” on Tuesday.

Reports of blood clots For some people who received the AstraZeneca-Oxford shot, several countries – many of them in Europe – led them to temporarily stop using the vaccine. The World Health Organization said There is no association between the shot and an increased risk of developing blood clots and is being investigated.

Impact of vaccines on world trade

Cochrane said issues related to the AstraZeneca-Oxford vaccine could affect world trade – and that’s bad news for Asia, where many economies are dependent on trading activities.

The vaccine is of course a risk. One of the critical risks is that vaccines will have to be introduced later this year to get the world economy back on its feet.

Steve Cochrane

Asia Pacific Chief Economist, Moody’s Analytics

“There is a possibility that world trade will be adversely affected if the introduction of vaccines in Europe is delayed. This would result in a more stalled economy in Europe. This could slow the pace of world trade.” ,” he explained.

Asian countries were relatively successful in containing the virusand that has helped their economies recover faster than those in Europe and the US

Fortunately, re-locks in some parts of Europe haven’t affected manufacturing, Cochrane said. He added that “almost all” of the effects of these lockdowns have affected the service sector.

“So right now it’s not that big of a problem, and world trade still seems very, very strong,” said the economist. “The vaccine is, of course, a risk. It is one of the critical risks. We have yet to see how vaccines are introduced later this year to get the world economy back on its feet.”

Thailand briefly stops the AstraZeneca vaccine

Thailand temporarily stopped using the AstraZeneca-Oxford vaccine on Friday, but authorities said Monday they would continue to administer the shots.

Thai Prime Minister Prayuth Chan-ocha became the first person in the country to get the AstraZeneca-Oxford shot on Tuesday, Reuters reported.

In other Asian countries, Indonesia announced on Monday that it was delaying the launch of the AstraZeneca-Oxford vaccine while awaiting review by the WHO. The news agency reported.

– CNBC’s Sam Meredith contributed to this report.