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Futures Rise To Record Despite Rising Delta Strain Jitters

Futures Rise To Record Despite Rising Delta Strain Jitters

Global stocks were mixed and US futures edged to new all time highs as concerns over the Delta strain of Covid-19 spurred caution among investors. At 7:00 a.m. ET, Dow e-minis were…

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Futures Rise To Record Despite Rising Delta Strain Jitters
Global stocks were mixed and US futures edged to new all time highs as concerns over the Delta strain of Covid-19 spurred caution among investors. At 7:00 a.m. ET, Dow e-minis were up 46 points, or 0.13%, S&P 500 e-minis were down 1 points, or 0.02% after topping a new all time high of 4,283 earlier, and Nasdaq 100 e-minis were down 13 points, or 0.09%. The dollar strengthened and treasuries were steady while oil slipped and gold headed for the biggest monthly drop in more than four years. While sentiment remains buoyant, investors are growing concerned by the latest evolution of the Delta variant, which is increasingly seen as a growing threat to the ongoing economic recovery in many areas, said Pierre Veyret, a technical analyst at ActivTrades. Even if the economic impact is “unlikely to be significant” in developed countries, “the inconsistency in vaccination campaigns in other parts of the world is likely to lead to an uneven recovery,” he said. Others echoed this sentiment: “The Delta variant has also emerged in our client conversations as a potential threat to reflation/inflation,” JPMorgan Chase & Co. strategists led by Marko Kolanovic said. “The economic consequences are likely to be limited given progress on vaccinations across developed market economies. It could, however, pose some risk of a delay in the recovery in countries where vaccination rates remain lower.” In premarket trading, Morgan Stanley jumped more than 3% in pre-market trading after it said it will double its quarterly dividend. JPMorgan and Goldman gained 0.2% and 1.1%, as they hiked their capital payouts after they passed the Fed's latest stress test. Facebook edged up 0.2%, a day after crossing $1 trillion in market cap and joining the likes of Apple, Microsoft, Saudi Aramco, Amazon and Google-owner Alphabet that now make up 10% of world equities. Energy companies drifted lower, with Exxon, ConocoPhillips, Schlumberger Occidental and Marathon Petroleum all falling between 0.3% and 2.5% as oil prices dropped nearly 1% on concerns around fuel demand outlook. Cruise operator Carnival Corp’s shares fell 1.6% in U.S. pre-market session. Other notable premarket movers:
  • Hollysys Automation Technologies (HOLI) rises 13% after CPE Funds Management, Ace Lead Profits and the company’s former CEO started solicitation of consents from shareholders to acquire the company by offering $17.10 a share.
  • Marin Software (MRIN) and Exela Technologies (XELAU) surge 31% and 34% respectively in premarket trading amid touts for both on Reddit as potential short-squeeze candidates.
In Europe, the Stoxx 600 Index traded modestly higher,  with automakers leading the advance with a gain of 0.9%. New limits on travel from Britain prompted by the Delta variant of the virus dragged on cruise operators and airlines. The Eurostoxx 50 gained 0.5%, with the DAX outperforming peers as auto and chemical names led gains. Renewable-energy stocks top the Stoxx 600 Energy index after JPMorgan said it sees a “catalyst-rich” second half for the sector. The broker upgraded its rating on wind-turbine maker Vestas, which rose as much as 6.3%. Here are some of the biggest European movers today:
  • Norden shares rise as much as 10% after the Danish shipping company raised its guidance for the third time in two months.
  • IWG shares jump as much as 8.4% before paring those gains after private-equity firm CC Capital denied a report that it had approached the flexible office-space firm about a takeover.
  • Rexel shares climb as much as 5.8% after the electrical products supplier raised its profit forecast, with Goldman Sachs saying it expects consensus to rise by a mid- teens percentage and adding the updates reads across positive for peers.
  • TUI shares decline as much as 6.4% after the tour operator undertook a tap offering on its senior unsecured convertible bonds, with Jefferies saying the move does not alleviate its concerns.
  • Hunting shares drop as much as 9.2%, before sharply paring declines, after the oil-services firm cut its earnings expectations, despite anticipating an improvement in trading conditions in the second half.
  • Lamprell shares slump as much as 33% after the oil-services company said it faces “severe liquidity constraints” until new funding can be identified.
The MSCI index of Asia-Pacific shares fell for the first time in six days as countries in the region struggled to contain the highly transmissible strain and rising concerns it will hamper an economic recovery. Financials and consumer discretionary sectors were the biggest drags on the MSCI Asia Pacific Index. The gauge slipped as much as 0.7%, poised to snap a five-day winning streak. China and Hong Kong led losses in Asia, while investors sold value plays in Japan. Cyclicals led a selloff in Singapore stocks amid lagging reopening plans. “The current weak market sentiment in Asia seems to be caused by the fear of a further spread of the delta strain of Covid-19,” said Kelvin Wong, an analyst at CMC Markets (Singapore) Pte. It has “also put a damper on the reflation theme play that is particularly sensitive for most Asian stock markets that are heavily weighted to cyclicals stocks,” he said. The MSCI Asean Index dipped again, headed for a fresh seven-month low amid extended virus curbs. The gauge fell in 10 of the last 11 sessions. Movement restrictions have also dented the performance of Asean currencies. Since June 21, the Thai baht has been the worst performer against the U.S. dollar, sliding over 1%, while the Indonesian rupiah and Malaysian ringgit have also lagged. In rates, Treasuries were slightly cheaper across the curve although yields remain within a basis point of Monday’s close following muted Asia and European morning sessions. Treasury 10-year yields around 1.48%, slightly cheaper on the day along with rest of the curve; bunds lag by 0.5bp and gilts by 1bp. Bunds lagged ahead of the EU’s sale of 5-, 30-year NGEU debt; gilts also underperform. Bloomberg notes little attempt to fade Monday’s rally with month-end remaining in focus. Key employment releases and activity data due later this week may also keep investors sidelined.Supply dynamics favor Treasuries with bond supply on hiatus until mid-July while month-end demand may also add support. In FX, the Bloomberg dollar spot Index advanced as the greenback traded higher versus all of its Group-of-10 peers apart from the yen; the euro fell to a one-week low of $1.19. The pound fell to its lowest level in more than a week amid broad dollar strength as investors positioned for quarter- and month-end flows. Norway’s krone slumped with oil prices as the coronavirus resurgence raised concerns about demand ahead of an OPEC+ meeting this week that could see the alliance boost some halted output. The Australian dollar drops on risk-off price action spurred by lockdowns in Sydney and Darwin to contain outbreaks of the highly contagious delta strain; the New Zealand dollar also dropped. RBNZ Governor Adrian Orr says economic activity is returning to its pre-Covid levels, supported by the nation’s ability to keep the virus contained along with significant monetary and fiscal stimulus. USD/JPY little changed around 110.60 after declining for three consecutive sessions; super-long bonds in Japan were weighed by concern of potential increase in supply. In commodities, oil fell again as a coronavirus resurgence raised concerns about demand ahead of an OPEC+ meeting this week that could see the alliance boost some halted output. While the crude market has tightened, the latest flare-up could play a part when OPEC+ gathers Thursday to decide on output levels in August. Crude futures dropped with WTI down more than 1%, through Thursday’s lows, before finding support near $72. Brent slips lower, supported near $74. Spot gold drops ~$7 to trade near $1,771/oz. Base metals are mixed: LME aluminum rises over 1.25%, nickel drops 0.75% to underperform peers. Despite oil’s recent loss of momentum, prices are still up about 9% this month. Key regions including the U.S. and China are rebounding from the virus, while India’s biggest refiner is boosting fuel production. Futures and swaps in leading pricing locations are in a bullish backwardation structure, although the spread is narrowing in what could be early signs of some weakness. Monday’s oil price drop, “if it continues for a few more days, could make the OPEC+ producer group extra cautious,” said Tamas Varga, an analyst at PVM Oil Associates. “The global economy and oil demand are recovering, oil supply is being effectively managed, therefore dips are probably viewed by ardent bulls as attractive buying opportunities.” Going ahead, all eyes will be on a crucial monthly employment report on Friday and the second-quarter earnings season, beginning July, which could decide the path for the next leg of the equity markets. A reading of the Conference Board’s consumer confidence index, set to be release at 10 a.m. ET, is expected to rise to 119 this month after steadying in May. Market Snapshot
  • S&P 500 futures little changed at 4,278.25
  • STOXX Europe 600 up 0.24% to 456.04
  • MXAP down 0.6% to 208.3
  • MXAPJ down 0.5% to 700.2
  • Nikkei down 0.8% to 28,812.6
  • Topix down 0.8% to 1,949.48
  • Hang Seng Index down 0.9% to 28,994.1
  • Shanghai Composite down 0.9% to 3,573.2
  • Sensex down 0.3% to 52,567.11
  • Australia S&P/ASX 200 little changed at 7,301.24
  • Kospi down 0.5% to 3,286.68
  • Brent Futures down 0.74% to $74.13/bbl
  • Gold spot down 0.5% to $1,769.29
  • U.S. Dollar Index up 0.17% to 92.04
  • German 10Y yield rose 0.7 bps to -0.183%
  • Euro down 0.16% to $1.1906
Top Overnight News from Bloomberg
  • Confidence in the euro-area economy improved to the highest level in more than two decades in June as a reopening of shops, restaurants and other services propelled the region’s recovery from the pandemic
  • U.K. house prices grew at their fastest annual pace for more than 17 years in June, adding to a growing wealth gap that’s worrying policy makers
  • The ECB’s approaching challenge is how to keep supporting Europe’s nascent economic rebound against a backdrop of shifting policy trajectories by counterparts such as the Federal Reserve, that could augur wild swings in financial markets and potentially push up borrowing costs throughout the region
  • HSBC Holdings Plc has lost about a third of its debt capital markets team covering Chinese state- owned enterprises, a sign the bank is still struggling to win back favor in Beijing three years after becoming embroiled in geopolitical spats between China and the West
  • The European Union notched up more than 130 billion euros ($155 billion) of orders for its second sale under its NextGenerationEU program, expanding efforts to build a curve of securities dedicated to funding its recovery from the coronavirus pandemic
A quick look at global markets courtesy of Newsquawk Asian equity markets traded subdued with the regional bourses mostly lower after the mixed performance on Wall Street where cyclicals/value were pressured but tech outperformed amid a decline in yields to lift both the S&P 500 and Nasdaq to fresh all-time highs, although US index futures have since eased off their record levels during overnight trade. ASX 200 (-0.8%) was pressured as strength in tech was nullified by weakness in the commodity-related sectors and with risk appetite also subdued after further lockdown announcements concerning Queensland and its state capital of Brisbane, as well as Perth and Peel in Western Australia. Nikkei 225 (-0.8%) declined as exporters suffered from detrimental currency inflows, while the data from Japan has been mixed with better-than-expected Retail Sales data offset by a worse-than-feared increase in the Unemployment Rate. Hang Seng (-0.9%) and Shanghai Comp. (-0.9%) also conformed to the negative tone with the decline in Hong Kong led by China’s oil majors after the recent slump in crude prices and amid ongoing frictions with US where President Biden is said to work with Congress on the China competition bill. Finally, 10yr JGBs were higher following the recent bull flattening in the US but with gains only marginal for the Japanese benchmark amid mixed results at the latest 2yr JGB auction. Top Asian News
  • Nomura Loses 20 Investment Bankers in Asia Amid Talent War
  • Evergrande Billionaire’s Empire of Debt Downsized by Beijing
  • Eye-Popping Returns Lure Hedge Funds to Japanese Startups
Bourses in Europe have adopted more of an upside bias (Euro Stoxx 50 +0.5%) following a relatively mixed cash open – which did coincide with a bout of upside volatility across European equity futures at the time. US equity futures meanwhile are contained with a mild downside bias, with the NQ (-0.2%) narrowly lagging its ES (Unch), RTY (Unch), and YM (+0.2%) counterparts following the recent tech outperformance and as yields clamber off recent lows. Back to Europe, it has been a quiet morning thus far in terms of news flow and commentary with a light calendar ahead for the day. Sectors are mostly in the green with defensives lagging and cyclicals outpacing. Chemicals, Autos & Parts, Oil & Gas, and Banks lead the gains, with the latter potentially experiencing a tailwind from US banks resuming and upping dividends after passing the Fed’s stress tests last week. The Basic Resources sector resides as one of the laggards amid losses in the base metals complex. In terms of individual movers, Rexel (+4.5%) tops the Stoxx 600 table amid upgraded guidance. Tui (-4.3%) resides at the other end of the spectrum after a convertible bond announcement. While IWG (Unch) pared gains of over 7% after CC Capital Partners refuted pre-market reports that it is mulling a takeover offer for the group. Top European News
  • Robotics Firm AutoStore Said to Eye IPO at $10 Billion Value
  • Buyout Firm Bridgepoint Seeks London Listing Amid IPO Rush
  • CC Capital Doesn’t Intend to Make an Offer for IWG
In FX, the Buck is broadly firmer vs all major and most EM counterparts, with the index forming a more solid base around 92.000 and looking in a better position to retest recent highs even though rebalancing models are flashing red for Wednesday. It may well be that many have already completed the bulk of their business for month, quarter and half year end given that spot in the currency markets was yesterday, though one can never rule out final position tweaking that at least one bank believes could occur over the NY close today or tomorrow. Nevertheless, the Greenback is grinding higher in the meantime and taking advantage of weakness in other currencies for specific fundamental and technical reasons, as the DXY hovers towards the upper end of a 90.078-91.852 band. Ahead, US consumer confidence is probably the headline macro release following a speech from Fed’s Barkin.
  • NZD/AUD/CAD - Ongoing COVID-19 concerns and weakness in commodities that is now spilling over to crude, continue to weigh heavily and primarily on the high betas, with the Kiwi getting no respite from the latest RBNZ Statement of Intent overnight that underlined the Bank’s policy mandate and reaffirmed the commitment to provide monetary assistance as needed for the economic recovery. Indeed, Nzd/Usd is now dipping under 0.7000 and Aud/Nzd is eyeing 1.0770 even though the Aussie is also retreating further vs its US peer around a 0.7550 pivot. Elsewhere, the Loonie is currently nearer 1.2400 than 1.2300 having failed to arrest a reversal and contain declines through 1.2350 on Monday.
  • EUR/CHF/GBP - Also on the back foot and coming under a bit more intense pressure against the Dollar, but the Euro just about holding on to the 1.1900 handle with assistance from Eur/Gbp tailwinds as the cross peers over 0.8600 again. Perhaps the Euro is also gleaning some traction from better than expected Eurozone sentiment indicators rather softer German state inflation data, though Eur/Chf is contained either side of 1.0960 as the Franc straddles 0.9200 vs the Buck. Conversely, the Pound is lagging below 1.3850 in Cable terms irrespective of an acceleration in Nationwide UK house prices and stronger than forecast BoE consumer credit, mortgage lending and approvals.
  • JPY - The Yen is fending well relative to G10 rivals against the backdrop of a bouncing Greenback, but remains relatively rangebound after keeping its head afloat of 111.00 and briefly probing half round number resistance at 110.50. For the record, Japanese retail sales beat consensus, but the jobless rate ticked up more than anticipated to offer little clear direction, while today’s big option expiries look too far from the money to influence Usd/Jpy.
In commodities, WTI and Brent front-month futures are choppy after recently coming under some pressure (before trimming those losses) despite a distinct lack of news flow but heading into a turbulent week for the complex, with the Iranian nuclear situation brewing in the background (with no developments), whilst OPEC+ ministers are poised to assign production quotas at least for August. Sources suggested the group is mulling a further easing of curbs, although the specifics have not yet been ironed out – with analyst forecasts ranging from 100k BPD to 1mln BPD of oil returning to the market in August. ANZ, ING, and S&P Global Platts all expect August quotas to increase by 500k BPD, whilst RBC Capital Markets forecasts OPEC+ to boost output by 500k-1mln BPD at the July 1st meeting. On the other end of the forecast range, Rystad Energy calls on OPEC+ to take a more cautious approach and opt for a production increase of 100-200k BPD in August – citing a jagged path of recovery and fragile demand (full primer available on the Newsquawk headline feed). Note, the JTC meeting will start at 12:00BST/07:00EDT in which the technical committee will review supply/demand data. At the time of writing, WTI Aug and Brent Sep reside around USD 72.50/bbl (72-73/bbl range) and 74.00/bbl (73.40-74.20 range) marks respectively. Over to metals, spot gold and silver have declined in tandem with an uptick in the Buck, whilst some technical factors may have exacerbated losses – i.e. spot gold dipping under USD 1,775/oz and spot silver losing USD 26/oz-status. The precious metals complex remains on standby for macro developments whilst month-end factors are also to be eyed as June and Q2 draw to a close. Base metals have seen a leg lower in recent trade with 3M LME copper flirting with USD 9,250/t (vs high 9,392/t) at the time of writing – with some continuing to cite China’s crackdown in the complex – also reflected in the losses across Dalian iron ore and coke futures overnight. US Event Calendar
  • 9am: April S&P/Case-Shiller US HPI YoY, prior 13.19%;
    • CS Composite-20 YoY, est. 14.70%, prior 13.27%
    • CS 20 City MoM SA, est. 1.80%, prior 1.60%
  • 9 am: April FHFA House Price Index MoM, est. 1.6%, prior 1.4%
  • 10am: June Conf. Board Consumer Confidenc, est. 119.0, prior 117.2;
    • Present Situation, prior 144.3
    • Expectations, prior 99.1
Tyler Durden Tue, 06/29/2021 - 07:52

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Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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