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With COVID-19 cases surging, Nepal asks global community for urgent vaccine help

The COVID-19 cases are surging in Nepal, potentially surpassing India’s reproduction rate, but the country is out of vaccines. Global aid could help with one of the worst health crisis in South Asia.

A nurse treats a patient inside a COVID-19 ward of a government run hospital in Kathmandu, Nepal on May 12, 2021. (AP Photo/Niranjan Shrestha)

Nepal, the landlocked Himalayan country, currently has one of the highest COVID-19 viral reproduction rates in the world. The situation is dire: reports indicate Nepal has a consistently higher number of COVID-19 cases per million than India. By mid-July, new case numbers could reach 800,000, among a population of 30 million, with a predicted death toll of 40,000.

Last month, Nepal’s Ministry of Health said: “Since coronavirus cases have spiked beyond the capacity of the health system and hospitals have run out of beds, the situation is unmanageable.” The ministry also said it had no more vaccines.

Only two per cent of Nepal’s population is fully vaccinated. Nearly two million Nepalis have received their first dose of the AstraZeneca vaccine. However, with the halt of exports of vaccines from India, most have not had access to a second dose. This shortage of vaccines in Nepal has global epidemiological implications, such as the possibility of virus mutations that could readily spread regionally and beyond.

A chart shows the exponential rise of COVID-19 cases in Nepal in May 2021.
Nepal vs. India The share of daily COVID-19 tests that are positive. Our World in Data

As social scientists and public health practitioners familiar with Nepal’s health-care delivery and emergency response systems, we recognize that ultimately, the capacity to care for people suffering from COVID-19 in Nepal is severely limited, with roughly 1,500 intensive care beds and just over 800 ventilators in the country. The mountainous terrain throughout much of the country, along with a lack of infrastructure, political marginalization and poverty compound the impacts of infectious disease.

However, we are also familiar with Nepal’s unique grassroots public health capacities, including the ability to quickly and effectively distribute vaccines to its people. Distributing vaccines to Nepal should help mitigate the country’s exigent crisis and help to flatten the curve in South Asia.

Inequalities mount

As North America and Europe return to semblances of normal life, the danger of creating and maintaining a “vaccine apartheid” is very real.

Vaccine apartheid refers to the idea that wealthy nations or groups get vaccines, while others do not. As World Health Organization Director General Tedros Adhanom Ghebreyesus says: “The solution is more sharing.”

Last week, in a positive step towards moving the needle on vaccine apartheid, U.S. President Joe Biden pledged an additional 20 million vaccine doses to share with the rest of the world. This is welcome news. However, Nepal has not been identified as a priority.

In 1816, during the global smallpox pandemic, Nepal’s King, Girvan Yuddha Bikram Shah, succumbed to the disease. Although at the time, Nepal, with assistance from India and Great Britain, was at the cutting-edge of global vaccine efforts, access to vaccines to protect its citizens remained elusive.

Today, as then, structural inequalities are exacerbated by the pandemic. Today, as then, Nepal is at the mercy of powerful global actors and faces a desperate humanitarian catastrophe.

Paramedics in white hazmat suits roll a hospital gurney with a body covered in white sheet.
Paramedics get ready to load dead bodies of COVID-19 victims onto an ambulance for cremation at a government run hospital in Kathmandu, Nepal on May 12. (AP Photo/Niranjan Shrestha)

As in India, Nepal has experienced a shortage of oxygen supplies for those who fall severely ill. The tolls of the virus roll down steep slopes of inequality impacted by social-structural factors like ethnicity, class, caste, geography and gender that co-mingle with public health policies. Nepal acutely illustrates how these differences exacerbated by a pandemic can lead to synergistic epidemics, or “syndemics.”

While aid in the form of cash, oxygen supply chain assistance and essential supplies for healthcare facilities are helpful, access to vaccines is paramount to stopping sickness and death.

Systems ready to distribute vaccines

Nepal is uniquely suited for vaccine aid. The country has demonstrated the successful implementation of a multi-sectoral COVID-19 vaccination program, in even some of its most remote regions.

If the Biden administration and its allies prioritize Nepal for emergency COVID-19 vaccines, there is evidence that Nepal could deliver them efficiently and effectively. The country has a track record of national vaccination initiatives and a grassroots public health infrastructure capable of reaching its population, not only for infectious disease but also for preventative care and the management of noncommunicable disease.

This infrastructure is neither confined to cities nor dependent on complex technologies; rather, it is anchored by people and rooted in places, cultures and languages in ways that can alleviate vaccine hesitancy and spread accurate public health knowledge.

Two women pictured outside in front of mountains.
Two Female Community Health Volunteers outside of Ringmo, Nepal. Ben Ayers, Author provided

For example, Nepal’s renowned 50,000-plus strong network of Female Community Health Volunteers is ready to travel the breadth of the country’s seven provinces, helping to reach every household in both urban and remote settings.

With coolers of AstraZeneca doses slung over their shoulders, well-worn sneakers and a will to serve their communities, Female Community Health Volunteers have delivered what vaccine supplies they had to the elderly and vulnerable.

Female Community Health Volunteers have been at the forefront of recent successful vaccine campaigns, achieving high rates of BCG, DPT, oral polio vaccine, measles-rubella and vitamin A supplementation coverage.

An elderly man holds up a vaccine card.
A senior proudly displays his vaccine card. Ben Ayers, Author provided

Physical distancing recommendations, isolation and sweeping lockdown measures are inapplicable in countries like Nepal, where many people live in close proximity and must leave the house for work and food.

Mobilizing, and supporting, Nepal’s community health workers to deliver vaccines, prioritizing the most heavily affected areas and moving out from there, demonstrates the need for localized approaches to pandemic control.

The extraordinary network of Female Community Health Volunteers is one example of the unique capacity in Nepal to deploy a well co-ordinated, robust, decentralized health-care system in service of its citizens. This type of nuanced, culturally appropriate, data-driven approach is needed if public health measures are to benefit the most vulnerable.

The crisis unfolding in Nepal and South Asia presents an imperative to the global community to deliver vaccine aid. It is also a call to recognize the work of grassroots, public health infrastructures in places like Nepal. This recognition can be critical to ending global health apartheid.

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Typhoid Conjugate Vaccine Introduction in Madagascar vaccination

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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