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Top Video Game Stocks to Buy Now

Video game stocks continue to grow with the gaming industry. More people are playing games online and this is pushing sales higher.
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Video game stocks have come a long way. From the earliest days of pong to today’s most sophisticated virtual reality gaming, video games have captured the attention of the public for decades.

Video games reach almost every single demographic and it’s relatively safe to say that everyone has at least one video game that draws them in. For hardcore gamers, this might be playing Call of Duty online. For sports fans, it might be NBA 2k or Madden. For corporate clock punchers, it could even be online solitaire or pinball. For me personally, it’s Super Smash Bros. and Mario Kart.

Since video games are so beloved, it should be no surprise that the global video game market was valued at $151 billion in 2019. This number also most likely spiked in 2020, where people were forced to stay indoors for hours on end. With little else to do, video games were an obvious choice to pass the time. Due to this, one video game CEO believes that the total addressable market (TAM) for video games will be larger moving forward than it was pre-Covid.

So does all of this mean that video game stocks should be a key piece of your portfolio? Maybe!

Let’s take a look at some of the top video games stocks to buy.

Best Video Game Stocks to Buy

NOTE: I’m not a financial advisor and am just offering my own research and commentary. Please do your own due diligence before making any investment decisions.

Take-Two Interactive Software (Nasdaq: TTWO)

When looking at the top video game stocks to buy, there are three major players in the industry. The third-biggest by revenue is NYC-based Take-Two Interactive Software. Take-Two owns two major publishing labels, ROCKSTAR and 2K. Between these two labels, it owns the rights to popular franchises like:

  • Grand Theft Auto
  • Red Dead
  • Midnight Club
  • Bully
  • Max Payne
  • BioShock
  • NBA 2K
  • Borderlands

Notably, it recently hired 700 new developers to bring its total team of game developers to over 5,000. It is also currently sitting on $2.7 billion in cash and short-term investments. This will give it the structure that it needs to meet its ambitious goal of churning out 20 new titles per year for the next several years.

In 2020, Take-Two pulled in revenue of $3.09 billion (a record) and netted a total income of $404 million. Over the past five years, its revenue has grown at a pace of just under 20% per year.

When you combine popular franchises with financial results, it’s no wonder that Take-Two Interactive software made the list of video game stocks to buy.

Its stock was up over 50% in 2020 and is up more than 200% over the past five years.

Electronic Arts (Nasdaq: EA)

The second-largest publicly traded video game company by revenue and market capitalization is Electronic Arts (“it’s in the game!”).

A few of EA’s most popular titles are:

  • Army of Two
  • Battlefield
  • FIFA
  • The Simpsons
  • Star Wars
  • Madden
  • The Sims

In 2020, Electronic Arts pulled in revenue of $5.54 billion and netted a total income of $3.04 billion. In the most recent quarter, its revenue has grown at just over 5% year-over-year.

In June 2021, Electronic Arts acquired Glu Mobile which shows that it’s aggressively expanding into mobile games. This acquisition aligns with its push to bring its most popular titles to mobile gamers. It’s already announced that it’s bringing FIFA, Madden, UFC and NBA Live to mobile and will likely keep bolstering its mobile offerings over the coming years.

Its stock was up 30% in 2020 and is up more than 50% over the past five years.

Activision Blizzard (Nasdaq: ATVI)

Activision Blizzard is the largest video game software company by revenue and is made up of three main divisions. King Digital develops and publishes mobile games, Activision develops gaming consoles and Blizzard produces games for PC gaming.

A few of Activision Blizzard’s most popular titles are:

  • Call of Duty
  • Crash Bandicoot
  • Spyro the Dragon
  • Tony Hawks
  • Overwatch
  • World of Warcraft
  • Candy Crush

Activision Blizzard brought in a 2020 revenue of $8.09 billion and a net income of $2.2 billion. Over the past five years, its revenue has grown by an average of 13.05% annually. It has also consistently paid a dividend since 2010 and currently has a dividend yield of about 0.6%.

The three main profit drivers for Activision Blizzard are Call of Duty (Activision) and Warcraft (Blizzard). In Q2 of 2021, Activision brought in $789 million while Blizzard generated $433 million. King, who derives most of its income from Candy Crush and Farm Heroes, brought in $635 million. It’s also notable that all three of these companies enjoy fairly cushy operating margins of 46% (Activision), 33% (Blizzard) and 39% (King).

Activision’s stock was up 55% in 2020 and is up more than 70% over the past five years.

Those are the three largest video game stocks in terms of revenue and market capitalization. However, there are still a few other video game stocks to take a look at. Namely, the creators of my favorite games.

Also, before we dive into more gaming stocks, you might want to check out these VR stocks. Virtual reality is opening up doors for unique gaming opportunities. Investing early might lead to some big long-term returns.

Nintendo (Otcmkts: NTDOF)

Nintendo first gained major recognition when it released Donkey Kong in 1981. This success was closely followed by Super Mario Bros in 1985. Since then, Nintendo has released some of the most successful gaming consoles of all time such as the Game Boy, Nintendo, Nintendo DS, the Wii and the Nintendo Switch.

Some of its most popular franchises are:

  • Mario
  • Donkey Kong
  • Pokemon
  • Metroid
  • Kirby
  • Star Fox
  • The Legend of Zelda
  • Super Smash Bros

In 2020, it reported revenue of just under $12 billion and a net income of $2.35 billion. In recent years, it has also had major success in boosting its top line. Its revenue has been growing at a rate of 34% annually over the past five years.

More so than most other video game companies, Nintendo seems to have an “it factor” that allows it to outshine others at certain times. For example, while the Xbox 360 was still an incredibly popular gaming console, it didn’t quite capture the attention of the public that the Nintendo Wii did. The 360 also ended up falling short of the Wii in terms of consoles sold.

Another example is the global phenomenon of Pokémon Go. For a brief period, it was commonplace to see people wandering around aimlessly on the hunt for virtual Pokémon.

Nintendo’s biggest talking point in its most recent earnings release was the Nintendo Switch. Sales of the Nintendo Switch have so far exceeded its expectations and given it a favorable cash position. Although sales of the entire Nintendo Switch family were down 21.7% in 2020, the Nintendo Switch itself still saw sales rise year-over-year.

This is encouraging news since COVID-19 and computer ship shortages put a lot of strain on Nintendo’s supply chains. With its recently acquired excess cash, Nintendo is instituting a stock buyback. It hasn’t announced how it’s planning to invest the rest of its excess cash yet.

Nintendo’s stock was up 57% in 2020 and is up more than 60% over the past five years.

Video Game Console Stocks

When it comes to video games, there are two main categories that make up the business. First, there’s software which is the actual game that you play (Mario Kart, CoD, FIFA, etc.). Second, there’s hardware, which is the actual console that you use to play the game. So far, we’ve mainly discussed software.

When it comes to hardware, the two companies are responsible for the most popular consoles are Microsoft (Xbox) and Sony (Playstation). These two consoles are the Apple and Android of video game consoles. However, keep in mind that both Sony and Microsoft are major conglomerates. Sales from video game consoles represent just a sliver of their total income.

Microsoft’s stock was up about 40% in 2020 and is up more than 400% over the past five years.

Sony’s stock was up about 50% in 2020 and is up moreo than 200% over the past five years.

Which Video Game Stocks to Buy?

So far, this article has been quite a bit to digest as there are tons of moving parts. Some companies create mobile games only, some create games for Xbox, others create gaming consoles. With so much going on, how are you supposed to know which video game stocks to buy?

After doing some digging into these video game stocks, the main strategy with video games seems to be this:

Create video games until you find a game and characters that resonate with people and then pump out as many sequels as possible.

For example, Activision struck gold with Call of Duty (CoD), which was (and is) incredibly popular. Today, there are currently 24 Call of Duty games and eight CoD games focused on World War 2 alone.

Nintendo has done the same thing with its cast of characters. The original Mario Kart came out in 1992. Can you guess what just came out 29 years later for the Nintendo Switch? Another Mario Kart game. This brings the total number of Mario Kart games on the market to 14. It also goes without saying that there’s a new Madden, NFL, FIFA or NBA game every single year to account for updated rosters.

Due to this, the best strategy for finding a video game stock to buy is probably to do your best to monitor what video games are rising or falling in popularity. If you notice a significant trend then you can buy or sell the video game stock accordingly. For example, if you notice that World of Warcraft is starting to fall out of favor rapidly in favor of another game then this could put a significant dent into Activision Blizzards’ revenue and hurt its stock price.

Another ongoing trend is the Name, Image and Likeness bill that Congress passed for college athletes. College athletes are now able to profit off their name and likeness. So, will this lead to a resurgence in the incredibly popular NCAA football games? That would certainly be a profit-driver for whichever company owns the rights. Only time will tell!

Note: One of the most popular video games right now is Fortnite. Fortnite is owned by Epic Games, which is a privately held company.

Another Note: Netflix recently announced that it’s planning to offer video games in the next year or so. It’s brought on a veteran from EA and Facebook to lead this division.

I hope that you’ve found this article valuable in learning what the best video game stocks to buy are! As usual, all investment decisions should be based on your own due diligence and risk tolerance. Also, consider checking out my research on the best VR stocks.

To find even more investing opportunities, sign up for Profit Trends below. It’s a free e-letter that’s packed with tips and tricks. You’ll hear directly from investing experts.

The post Top Video Game Stocks to Buy Now appeared first on Investment U.

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Home buyers must now navigate higher mortgage rates and prices

Rates under 4% came and went during the Covid pandemic, but home prices soared. Here’s what buyers and sellers face as the housing season ramps up.

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Springtime is spreading across the country. You can see it as daffodil, camellia, tulip and other blossoms start to emerge. 

You can also see it in the increasing number of for sale signs popping up in front of homes, along with the painting, gardening and general sprucing up as buyers get ready to sell. 

Which leads to two questions: 

  • How is the real estate market this spring? 
  • Where are mortgage rates? 

What buyers and sellers face

The housing market is bedeviled with supply shortages, high prices and slow sales.

Mortgage rates are still high and may limit what a buyer can offer and a seller can expect.  

Related: Analyst warns that a TikTok ban could lead to major trouble for Apple, Big Tech

And there's a factor not expected that may affect the sales process. Fixed commission rates on home sales are going away in July.

Reports this week and in a week will make the situation clearer for buyers and sellers. 

The reports are:

  • Housing starts from the U.S. Commerce Department due Tuesday. The consensus estimate is for a seasonally adjusted rate of about 1.4 million homes. These would include apartments, both rentals and condominiums. 
  • Existing home sales, due Thursday from the National Association of Realtors. The consensus estimate is for a seasonally adjusted sales rate of about 4 million homes. In 2023, some 4.1 million homes were sold, the worst sales rate since 1995. 
  • New-home sales and prices, due Monday from the Commerce Department. Analysts are expecting a sales rate of 661,000 homes (including condos), up 1.5% from a year ago.

Here is what buyers and sellers need to know about the situation. 

Mortgage rates will stay above 5% 

That's what most analysts believe. Right now, the rate on a 30-year mortgage is between 6.7% and 7%. 

Rates peaked at 8% in October after the Federal Reserve signaled it was done raising interest rates.

The Freddie Mac Primary Mortgage Market Survey of March 14 was at 6.74%. 

Freddie Mac buys mortgages from lenders and sells securities to investors. The effect is to replenish lenders' cash levels to make more loans. 

A hotter-than-expected Producer Price Index released that day has pushed quotes to 7% or higher, according to data from Mortgage News Daily, which tracks mortgage markets.

Home buyers must navigate higher mortgage rates and prices this spring.

TheStreet

On a median-priced home (price: $380,000) and a 20% down payment, that means a principal and interest rate payment of $2,022. The payment  does not include taxes and insurance.

Last fall when the 30-year rate hit 8%, the payment would have been $2,230. 

In 2021, the average rate was 2.96%, which translated into a payment of $1,275. 

Short of a depression, that's a rate that won't happen in most of our lifetimes. 

Most economists believe current rates will fall to around 6.3% by the end of the year, maybe lower, depending on how many times the Federal Reserve cuts rates this year. 

If 6%, the payment on our median-priced home is $1,823.

But under 5%, absent a nasty recession, fuhgettaboutit.

Supply will be tight, keeping prices up

Two factors are affecting the supply of homes for sale in just about every market.

First: Homeowners who had been able to land a mortgage at 2.96% are very reluctant to sell because they would then have to find a home they could afford with, probably, a higher-cost mortgage.

More economic news:

Second, the combination of high prices and high mortgage rates are freezing out thousands of potential buyers, especially those looking for homes in lower price ranges.

Indeed, The Wall Street Journal noted that online brokerage Redfin said only about 20% of homes for sale in February were affordable for the typical household.

And here mortgage rates can play one last nasty trick. If rates fall, that means a buyer can afford to pay more. Sellers and their real-estate agents know this too, and may ask for a higher price. 

Covid's last laugh: An inflation surge

Mortgage rates jumped to 8% or higher because since 2022 the Federal Reserve has been fighting to knock inflation down to 2% a year. Raising interest rates was the ammunition to battle rising prices.

In June 2022, the consumer price index was 9.1% higher than a year earlier. 

The causes of the worst inflation since the 1970s were: 

  • Covid-19 pandemic, which caused the global economy to shut down in 2020. When Covid ebbed and people got back to living their lives, getting global supply chains back to normal operation proved difficult. 
  • Oil prices jumped to record levels because of the recovery from the pandemic recovery and Russia's invasion of Ukraine.

What the changes in commissions means

The long-standing practice of paying real-estate agents will be retired this summer, after the National Association of Realtors settled a long and bitter legal fight.

No longer will the seller necessarily pay 6% of the sale price to split between buyer and seller agents.

Both sellers and buyers will have to negotiate separately the services agents have charged for 100 years or more. These include pre-screening properties, writing sales contracts, and the like. The change will continue a trend of adding costs and complications to the process of buying or selling a home.

Already, interest rates are a complication. In addition, homeowners insurance has become very pricey, especially in communities vulnerable to hurricanes, tornadoes, and forest fires. Florida homeowners have seen premiums jump more than 102% in the last three years. A policy now costs three times more than the national average.

Related: Veteran fund manager picks favorite stocks for 2024

 

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Mistakes Were Made

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that…

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Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that a bit during these past few years, but, if there’s one thing they’re exceptionally good at, it’s taking responsibility for their mistakes. Seriously, when it comes to acknowledging one’s mistakes, and not rationalizing, or minimizing, or attempting to deny them, and any discomfort they may have allegedly caused, no one does it quite like the Germans.

Take this Covid mess, for example. Just last week, the German authorities confessed that they made a few minor mistakes during their management of the “Covid pandemic.” According to Karl Lauterbach, the Minister of Health, “we were sometimes too strict with the children and probably started easing the restrictions a little too late.” Horst Seehofer, the former Interior Minister, admitted that he would no longer agree to some of the Covid restrictions today, for example, nationwide nighttime curfews. “One must be very careful with calls for compulsory vaccination,” he added. Helge Braun, Head of the Chancellery and Minister for Special Affairs under Merkel, agreed that there had been “misjudgments,” for example, “overestimating the effectiveness of the vaccines.”

This display of the German authorities’ unwavering commitment to transparency and honesty, and the principle of personal honor that guides the German authorities in all their affairs, and that is deeply ingrained in the German character, was published in a piece called “The Divisive Virus” in Der Spiegel, and immediately widely disseminated by the rest of the German state and corporate media in a totally organic manner which did not in any way resemble one enormous Goebbelsian keyboard instrument pumping out official propaganda in perfect synchronization, or anything creepy and fascistic like that.

Germany, after all, is “an extremely democratic state,” with freedom of speech and the press and all that, not some kind of totalitarian country where the masses are inundated with official propaganda and critics of the government are dragged into criminal court and prosecuted on trumped-up “hate crime” charges.

OK, sure, in a non-democratic totalitarian system, such public “admissions of mistakes” — and the synchronized dissemination thereof by the media — would just be a part of the process of whitewashing the authorities’ fascistic behavior during some particularly totalitarian phase of transforming society into whatever totalitarian dystopia they were trying to transform it into (for example, a three-year-long “state of emergency,” which they declared to keep the masses terrorized and cooperative while they stripped them of their democratic rights, i.e., the ones they hadn’t already stripped them of, and conditioned them to mindlessly follow orders, and robotically repeat nonsensical official slogans, and vent their impotent hatred and fear at the new “Untermenschen” or “counter-revolutionaries”), but that is obviously not the case here.

No, this is definitely not the German authorities staging a public “accountability” spectacle in order to memory-hole what happened during 2020-2023 and enshrine the official narrative in history. There’s going to be a formal “Inquiry Commission” — conducted by the same German authorities that managed the “crisis” — which will get to the bottom of all the regrettable but completely understandable “mistakes” that were made in the heat of the heroic battle against The Divisive Virus!

OK, calm down, all you “conspiracy theorists,” “Covid deniers,” and “anti-vaxxers.” This isn’t going to be like the Nuremberg Trials. No one is going to get taken out and hanged. It’s about identifying and acknowledging mistakes, and learning from them, so that the authorities can manage everything better during the next “pandemic,” or “climate emergency,” or “terrorist attack,” or “insurrection,” or whatever.

For example, the Inquiry Commission will want to look into how the government accidentally declared a Nationwide State of Pandemic Emergency and revised the Infection Protection Act, suspending the German constitution and granting the government the power to rule by decree, on account of a respiratory virus that clearly posed no threat to society at large, and then unleashed police goon squads on the thousands of people who gathered outside the Reichstag to protest the revocation of their constitutional rights.

Once they do, I’m sure they’ll find that that “mistake” bears absolutely no resemblance to the Enabling Act of 1933, which suspended the German constitution and granted the government the power to rule by decree, after the Nazis declared a nationwide “state of emergency.”

Another thing the Commission will probably want to look into is how the German authorities accidentally banned any further demonstrations against their arbitrary decrees, and ordered the police to brutalize anyone participating in such “illegal demonstrations.”

And, while the Commission is inquiring into the possibly slightly inappropriate behavior of their law enforcement officials, they might want to also take a look at the behavior of their unofficial goon squads, like Antifa, which they accidentally encouraged to attack the “anti-vaxxers,” the “Covid deniers,” and anyone brandishing a copy of the German constitution.

Come to think of it, the Inquiry Commission might also want to look into how the German authorities, and the overwhelming majority of the state and corporate media, accidentally systematically fomented mass hatred of anyone who dared to question the government’s arbitrary and nonsensical decrees or who refused to submit to “vaccination,” and publicly demonized us as “Corona deniers,” “conspiracy theorists,” “anti-vaxxers,” “far-right anti-Semites,” etc., to the point where mainstream German celebrities like Sarah Bosetti were literally describing us as the inessential “appendix” in the body of the nation, quoting an infamous Nazi almost verbatim.

And then there’s the whole “vaccination” business. The Commission will certainly want to inquire into that. They will probably want to start their inquiry with Karl Lauterbach, and determine exactly how he accidentally lied to the public, over and over, and over again …

And whipped people up into a mass hysteria over “KILLER VARIANTS” …

And “LONG COVID BRAIN ATTACKS” …

And how “THE UNVACCINATED ARE HOLDING THE WHOLE COUNTRY HOSTAGE, SO WE NEED TO FORCIBLY VACCINATE EVERYONE!”

And so on. I could go on with this all day, but it will be much easier to just refer you, and the Commission, to this documentary film by Aya Velázquez. Non-German readers may want to skip to the second half, unless they’re interested in the German “Corona Expert Council” …

Look, the point is, everybody makes “mistakes,” especially during a “state of emergency,” or a war, or some other type of global “crisis.” At least we can always count on the Germans to step up and take responsibility for theirs, and not claim that they didn’t know what was happening, or that they were “just following orders,” or that “the science changed.”

Plus, all this Covid stuff is ancient history, and, as Olaf, an editor at Der Spiegel, reminds us, it’s time to put the “The Divisive Pandemic” behind us …

… and click heels, and heil the New Normal Democracy!

Tyler Durden Sat, 03/16/2024 - 23:20

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Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

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

A…

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Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

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

A Harvard Medical School professor who refused to get a COVID-19 vaccine has been terminated, according to documents reviewed by The Epoch Times.

Martin Kulldorff, epidemiologist and statistician, at his home in Ashford, Conn., on Feb. 11, 2022. (Samira Bouaou/The Epoch Times)

Martin Kulldorff, an epidemiologist, was fired by Mass General Brigham in November 2021 over noncompliance with the hospital’s COVID-19 vaccine mandate after his requests for exemptions from the mandate were denied, according to one document. Mr. Kulldorff was also placed on leave by Harvard Medical School (HMS) because his appointment as professor of medicine there “depends upon” holding a position at the hospital, another document stated.

Mr. Kulldorff asked HMS in late 2023 how he could return to his position and was told he was being fired.

You would need to hold an eligible appointment with a Harvard-affiliated institution for your HMS academic appointment to continue,” Dr. Grace Huang, dean for faculty affairs, told the epidemiologist and biostatistician.

She said the lack of an appointment, combined with college rules that cap leaves of absence at two years, meant he was being terminated.

Mr. Kulldorff disclosed the firing for the first time this month.

“While I can’t comment on the specifics due to employment confidentiality protections that preclude us from doing so, I can confirm that his employment agreement was terminated November 10, 2021,” a spokesperson for Brigham and Women’s Hospital told The Epoch Times via email.

Mass General Brigham granted just 234 exemption requests out of 2,402 received, according to court filings in an ongoing case that alleges discrimination.

The hospital said previously, “We received a number of exemption requests, and each request was carefully considered by a knowledgeable team of reviewers.

A lot of other people received exemptions, but I did not,” Mr. Kulldorff told The Epoch Times.

Mr. Kulldorff was originally hired by HMS but switched departments in 2015 to work at the Department of Medicine at Brigham and Women’s Hospital, which is part of Mass General Brigham and affiliated with HMS.

Harvard Medical School has affiliation agreements with several Boston hospitals which it neither owns nor operationally controls,” an HMS spokesperson told The Epoch Times in an email. “Hospital-based faculty, such as Mr. Kulldorff, are employed by one of the affiliates, not by HMS, and require an active hospital appointment to maintain an academic appointment at Harvard Medical School.”

HMS confirmed that some faculty, who are tenured or on the tenure track, do not require hospital appointments.

Natural Immunity

Before the COVID-19 vaccines became available, Mr. Kulldorff contracted COVID-19. He was hospitalized but eventually recovered.

That gave him a form of protection known as natural immunity. According to a number of studies, including papers from the U.S. Centers for Disease Control and Prevention, natural immunity is better than the protection bestowed by vaccines.

Other studies have found that people with natural immunity face a higher risk of problems after vaccination.

Mr. Kulldorff expressed his concerns about receiving a vaccine in his request for a medical exemption, pointing out a lack of data for vaccinating people who suffer from the same issue he does.

I already had superior infection-acquired immunity; and it was risky to vaccinate me without proper efficacy and safety studies on patients with my type of immune deficiency,” Mr. Kulldorff wrote in an essay.

In his request for a religious exemption, he highlighted an Israel study that was among the first to compare protection after infection to protection after vaccination. Researchers found that the vaccinated had less protection than the naturally immune.

“Having had COVID disease, I have stronger longer lasting immunity than those vaccinated (Gazit et al). Lacking scientific rationale, vaccine mandates are religious dogma, and I request a religious exemption from COVID vaccination,” he wrote.

Both requests were denied.

Mr. Kulldorff is still unvaccinated.

“I had COVID. I had it badly. So I have infection-acquired immunity. So I don’t need the vaccine,” he told The Epoch Times.

Dissenting Voice

Mr. Kulldorff has been a prominent dissenting voice during the COVID-19 pandemic, countering messaging from the government and many doctors that the COVID-19 vaccines were needed, regardless of prior infection.

He spoke out in an op-ed in April 2021, for instance, against requiring people to provide proof of vaccination to attend shows, go to school, and visit restaurants.

The idea that everybody needs to be vaccinated is as scientifically baseless as the idea that nobody does. Covid vaccines are essential for older, high-risk people and their caretakers and advisable for many others. But those who’ve been infected are already immune,” he wrote at the time.

Mr. Kulldorff later co-authored the Great Barrington Declaration, which called for focused protection of people at high risk while removing restrictions for younger, healthy people.

Harsh restrictions such as school closures “will cause irreparable damage” if not lifted, the declaration stated.

The declaration drew criticism from Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, and Dr. Rochelle Walensky, who became the head of the CDC, among others.

In a competing document, Dr. Walensky and others said that “relying upon immunity from natural infections for COVID-19 is flawed” and that “uncontrolled transmission in younger people risks significant morbidity(3) and mortality across the whole population.”

“Those who are pushing these vaccine mandates and vaccine passports—vaccine fanatics, I would call them—to me they have done much more damage during this one year than the anti-vaxxers have done in two decades,” Mr. Kulldorff later said in an EpochTV interview. “I would even say that these vaccine fanatics, they are the biggest anti-vaxxers that we have right now. They’re doing so much more damage to vaccine confidence than anybody else.

Surveys indicate that people have less trust now in the CDC and other health institutions than before the pandemic, and data from the CDC and elsewhere show that fewer people are receiving the new COVID-19 vaccines and other shots.

Support

The disclosure that Mr. Kulldorff was fired drew criticism of Harvard and support for Mr. Kulldorff.

The termination “is a massive and incomprehensible injustice,” Dr. Aaron Kheriaty, an ethics expert who was fired from the University of California–Irvine School of Medicine for not getting a COVID-19 vaccine because he had natural immunity, said on X.

The academy is full of people who declined vaccines—mostly with dubious exemptions—and yet Harvard fires the one professor who happens to speak out against government policies.” Dr. Vinay Prasad, an epidemiologist at the University of California–San Francisco, wrote in a blog post. “It looks like Harvard has weaponized its policies and selectively enforces them.”

A petition to reinstate Mr. Kulldorff has garnered more than 1,800 signatures.

Some other doctors said the decision to let Mr. Kulldorff go was correct.

“Actions have consequence,” Dr. Alastair McAlpine, a Canadian doctor, wrote on X. He said Mr. Kulldorff had “publicly undermine[d] public health.”

Tyler Durden Sat, 03/16/2024 - 21:00

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