ToplineIndia’s federal government has not yet placed fresh orders for Covid-19 vaccines, with the country’s two vaccine manufacturers despite several vaccination centers across the country reporting shortages, the Business Standard reported, a development that comes after one of the manufacturers warned the country will continue to face a vaccine shortage till July. Key Facts According to the Business Standard, the government last placed an order for 100 million doses of the AstraZeneca vaccine and 20 million doses of the locally-developed Covaxin shot back in March. The two manufacturers of those shots—Serum Institute of India (SII) and Bharat Biotech—are readmore
Topline Three people are dead and more than two dozen were transported to local hospitals after a ship suspected of smuggling migrants into the U.S. capsized off the coast of San Diego Sunday morning, according to emergency services. Key Facts The San Diego Fire-Rescue Department responded to a call of an overturned boat with people onboard near the Cabrillo Monument, a statue located close to the southern tip of the Point Loma Peninsula. Of those, three victims died on the scene and 27 others were injured and taken to local hospitals, where their conditions remain unclear. The boat, a 40 foot readmore
ToplineDespite international aid efforts ramping up, the second wave of Covid-19 infections in India continues to intensify, yielding a new record high for daily deaths on Sunday and prompting an outcry—from businessmen and public officials alike—for government intervention to help ease the rate of infection. Key Facts In a Sunday statement for the Confederation of Indian Industry, Indian billionaire Uday Kotak called on increased lockdown measures in India and urged "the strongest national steps, including curtailing economic activity, to reduce suffering." India's Ministry of Health and Family Welfare reported 3,689 new Covid-19 deaths Sunday, marking the readmore
Topline Former Food and Drug Administration boss Scott Gottlieb praised the U.S. coronavirus vaccine rollout Sunday, calling it “a monumental achievement” that is partially why the U.S. has not fallen victim to massive coronavirus outbreaks driven by more infectious and dangerous virus mutations, like in India. Key Facts “The situation in the U.S. continues to improve and I think in the coming weeks we’re going to see an acceleration of the declining cases . . . [and] one of the big reasons is vaccination,” Gottlieb said on CBS’ Face The Nation Sunday. Gottlieb used San Francisco as an example readmore
ToplineIsrael clocked just 13 new cases of Covid-19 on Saturday—the lowest number of daily cases in 14 months—as the country continues to reap the benefits of its world-leading vaccine rollout. Key Facts The Israeli Health Ministry reported Sunday morning that a record low of the over 9,236 tests carried out Saturday came back positive. This brings the country’s overall test positivity rate to just over 0.1%, the lowest since the start of the pandemic last March. The U.S., by contrast, saw nearly 4% of its over 1.1 million tests given on Saturday come back positive, according to data from Johns Hopkins University, readmore
ToplineBerkshire Hathaway Vice Chairman Charlie Munger railed against bitcoin in Berkshire’s annual meeting Saturday, calling the cryptocurrency — which Munger and longtime partner Warren Buffett have excoriated for years — “disgusting and contrary to the interests of civilization.” Key Facts During a live question-and-answer session Saturday, an investor challenged Buffett and Munger on their well-documented skepticism of cryptocurrency, especially bitcoin, whose price has surged more than sixfold over the last year. Buffett dodged the question, joking that he’ll anger bitcoin owners if he criticizes it. Munger was less diplomatic: He said he hates bitcoin’s recent gains, arguing the currency readmore
ToplineIndia, the current epicenter of the coronavirus pandemic, has reported more than 2 million new cases and 18,000 Covid-related deaths this week alone, as a catastrophic second wave continues throughout the country, pushing hospitals and crematoriums past their breaking point. Key Facts India's Health Ministry on Saturday reported 401,993 new infections, the highest number of new cases reported yet in a single country in a 24-hour span. Hospitals throughout the country continue to plead for medical supplies, especially oxygen. Despite being the world's leading producer of vaccines, only 2% of India's population has been vaccinated. A crematorium worker takes a momentary readmore
ToplineBerkshire Hathaway CEO Warren Buffett defended his decision to sell the company’s airline holdings last year even though those stocks have surged off their lows, telling investors at Berkshire’s annual meeting Saturday that the travel industry remains in a precarious position, and he thinks federal officials may not have bailed out the airlines if the deep-pocketed investor had maintained a sizable stake in any of them. Key Facts At last year’s annual meeting, after Covid-19 restrictions had hobbled the airline industry, Buffett disclosed that Berkshire Hathaway had sold its multibillion-dollar stakes in the four major U.S. readmore
ToplineWashington and Oregon are grappling with upticks in coronavirus infections, bucking a national trend of declining case counts, a surge some experts and local officials are interpreting as a signal that the risk of Covid-19 is still lingering even as vaccinations soar. Key Facts Case counts in Oregon have more than doubled over the last month, from a weekly average of 419 cases per day in early April to 873 as of Friday, though the state still is far off its peak of over 1,500 cases per day in late November, according to figures compiled by Johns Hopkins University. Meanwhile in Washington, average readmore
ToplineEli Broad, who amassed a multi-billion-dollar fortune from his home-building and insurance businesses, and used his wealth to fund cultural improvements throughout his adopted hometown of Los Angeles, died Friday at age 87. Key Facts A spokeswoman for the Eli and Edythe Broad Foundation confirmed his passing to the New York Times Friday evening, which she said came after a long illness. Broad died at Cedars-Sinai Medical Center in Los Angeles. Key Background: Broad was born in New York in 1933. The only child of Jewish immigrants from Lithuania, his family moved to Detroit in 1940, where his father painted houses and ran readmore
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