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'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

The Latest: Short on bed space, Brazilian state locks down


Healthcare workers prepare to inject a front-line healthcare worker with a dose of the Oxford-AstraZeneca vaccine for COVID-19, at the Oswaldo Cruz Foundation headquarters in Rio de Janeiro, Brazil, Saturday, Jan. 23, 2021. (AP Photo/Bruna Prado)

RIO DE JANEIRO — The governor of Brazil´s Amazonas state has announced tough new lockdown measures to combat a surge in COVID-19 cases that has overwhelmed local hospitals.

Gov. Wilson Lima said Saturday that as of Monday, the state’s 4 million people can only go out for essential activities such as buying food or seeking medical attention.

Hospitals in the state capital of Manaus have been strained amid reports that a new variant of the novel coronavirus is more contagious, and the state has seen a shortage of oxygen supplies. The state health secretary says 584 people are on a waiting list for hospital beds, 101 of them requiring intensive therapy.

“People need to understand that we have to take tough measures to save as many lives as possible,” Lima said in an announcement posted on social media.

___

THE VIRUS OUTBREAK:

Life in the Chinese city of Wuhan has some normalcy a year after deadly pandemic erupted there. British doctors are urging the government to review its policy of delaying 2nd virus vaccine shot for 12 weeks. Hong Kong is in lockdown to contain the coronavirus. And Mexico's president has OK'd states acquiring vaccines. ___

Follow all of AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic, https://apnews.com/hub/coronavirus-vaccine and https://apnews.com/UnderstandingtheOutbreak

___

HERE’S WHAT ELSE IS HAPPENING:

HELSINKI — Norway says its capital, Oslo, and nine municipalities have been placed under strict restrictions to contain the spread of the new variant of the coronavirus first detected in Britain.

The Norwegian government said shopping centers and other non-essential stores in those regions were closed at noon on Saturday, and would remain shut at least until Jan. 31.

In addition, organized sports activities were halted, schools were ordered to rely increasingly on remote teaching and households were requested to not invite visitors home in those specified areas.


Norwegian health officials say the Scandinavian country of 5.4 million has so far identified some 55 cases of the virus variant which has spread widely in Britain.

Neighboring Sweden, where the overall pandemic situation is substantially worse than in Norway, said late Saturday that it was planning to launch a temporary entry ban from Norway due to the new mutated form of COVID-19.

___

LAS VEGAS -- Federal prosecutors have charged a Nevada man with fraudulently obtaining about $2 million in federal coronavirus relief aid, meant for small businesses, to buy luxury vehicles and condominiums in Las Vegas.

The Las Vegas Review-Journal reported that the U.S. attorney’s office in Nevada accused Jorge Abramovs of bank fraud after he allegedly applied for funding to at least seven banks between April and June 2020.

The complaint said a financial analysis determined Abramovs spent the money on personal luxury items, including a 2020 Bentley Continental GT Convertible for more than $260,000 and a 2020 Tesla Model 3 for about $55,000.

Abramovs was ordered remanded in custody on Friday during a detention hearing.

A defense lawyer assigned to represent Abramovs didn’t immediately respond to an emailed request by The Associated Press for comment.

___

CHICAGO — Restaurants and certain bars across Chicago and suburban Cook County have opened their doors to customers for the first time since late October after winning approval Saturday from Illinois health officials.

With the city and county moving up to Tier I of the state’s coronavirus mitigation plan, restaurants and bars that serve food can seat customers indoors at 25% capacity or 25 people per room, whichever is less.

Tables will be limited to no more than four people indoors or six people outdoors, and tables must be spaced 6 feet apart. Indoor service will be limited to a maximum of two hours and bars and restaurants must close by 11 p.m.

___

WASHINGTON — President Joe Biden pledged in his inaugural address to level with the American people, and the message from his first three days in office has been nothing if not grim and grimmer.

He has painted a bleak picture of the country’s immediate future dealing with the coronavirus, warning Americans that it will take months, not weeks, to reorient a nation facing a historic convergence of crises.

The dire language is meant as a call to action, but it is also a deliberate effort to temper expectations. The U.S. is trying to roll out its vaccination program, with issues of slow production and distribution.

The U.S. leads the world with 24.8 million confirmed coronavirus cases and more than 415,000 deaths.

___

MILAN — Italian premier Giuseppe Conte is pledging legal action not only against Pfizer but any pharmaceutical company that doesn’t meet its coronavirus vaccine commitments.

Conte says delays announced by a second company, AstraZeneca, were “worrying” and if confirmed would mean that Italy would receive an initial delivery of 3.4 million doses instead of the agreed 8 million.

Conte says the “the slowdown in deliveries constitute serious contractual violations that produce enormous damages to Italy and other European countries, with direct repercussions on the lives and health of citizens and on our socio-economic fabric, already badly tested by a year of the pandemic.”

He pledged Italy would take every legal recourse “as we are already doing with Pfizer-Biontech.”

Italy is under tiered restrictions and intensive care wards have surpassed the threshold for alarm in five regions.

On Saturday, 13,000 new cases and 488 deaths were recorded by the Health Ministry. Italy’s death toll of 85,000 is the second highest in Europe and sixth highest in the world.

___

MADRID — Spain’s top military commander has been forced to resign after he and other high-ranking officers violated established protocols and received the COVID-19 vaccine ahead of time.

Spain’s defense ministry confirmed to The Associated Press on Saturday that Minister Margarita Robles had accepted the resignation of Chief of Staff Gen. Miguel Ángel Villarroya.

His resignation comes after online news site El Confidencial Digital reported that Villarroya and other top brass had broken national protocols for Spain’s vaccination strategy, which currently only allows nursing home residents and medical workers to receive shots. Several public officials have jumped the vaccine queue in recent weeks, including a regional health chief for southeast Murcia, who also resigned.

___

ANCHORAGE, Alaska — Alaska health officials say they are considering moving up teachers on the state’s vaccine list as more students have restarted in-person instruction.

A top vaccine official with the state Department of Health and Social Services made the announcement.

The state has prioritized health care workers, seniors 65 years or older and long-term care residents and staff.

Teachers 50 years or older, residents that have two or more high-risk health conditions and other essential workers will be prioritized next.

State officials say conversations about vaccinating teachers are happening both in Republican Gov. Mike Dunleavy’s office and among a scientific and medical advisory committee that helped develop the state’s vaccine policy.

___

MECCA, Calif. — Advocacy groups are heading into farm fields in California to bring vaccines and information to migrant laborers in Spanish and other languages.

Some immigrants in the country illegally may fear that information taken during vaccinations could be turned over to authorities and not seek out vaccines. Those who speak little or no English may find it difficult to access shots.

These challenges are particularly worrying for Latino immigrants, who make a large portion of the workforce in industries where they have a significant risk of exposure.

In California’s sprawling Riverside County, home to a $1.3 billion agriculture industry, a health care nonprofit went to a grape farm to register workers for vaccine appointments. The Desert Healthcare District and Foundation also shares information about the virus and how to get tested on WhatsApp in Spanish.

The National Day Laborer Organizing Network has used a Spanish-language radio show on social media to share information.

___

PRESCOTT VALLEY, Ariz. — A multipurpose arena in Prescott Valley will be the latest large venue in Arizona to become a COVID-19 vaccination site.

Cottonwood-based Spectrum Healthcare on Monday will open an appointment-only site called “Vaccination Station” inside Findlay Toyota Center, a 5,100-seat facility that has hosted events including basketball games, rodeos, concerts and ice shows. The Daily Courier reports that Spectrum plans to administer shots to as many as 1,000 people daily.

Pima County already opened a drive-through vaccination site in Tucson at Kino Sports Complex. The state plans to open a site at the Phoenix Municipal Stadium on Feb. 1.

Arizona has the worst infection rate in the country with 1 in every 141 residents diagnosed with the coronavirus in the past week.

The Department of Health Services on Friday reported 8,099 new cases and 229 more deaths. That increased the state’s confirmed pandemic totals to 708,041 cases and 12,001 deaths.

___

MEXICO CITY — Mexico President Andrés Manuel López Obrador has given state governors permission to acquire coronavirus vaccines on their own.

With coronavirus infections and COVID-19 deaths at record highs in recent days, the federal government hasn’t received enough vaccine for the country’s 750,000 front-line medical workers.

So state governors have been calling for permission to obtain vaccines on their own, and the president said Friday they can do so as long as they inform federal officials and use only approved vaccines.

Also, López Obrador announced Mexico plans to start vaccinating teachers and other school personnel in one of the country’s 32 states this weekend with an eye toward resuming in-person classes there in late February.

Officials reported more than 21,000 confirmed infections Friday, a day after the country listed a record 22,339 cases. Deaths related to the virus in the previous 24 hours reached 1,440.

Mexico ranks No. 4 in deaths with more than 147,000, behind the U.S., Brazil and India.

___

LISBON, Portugal — Portugal’s medical agency says it has identified the first case in the country of the new coronavirus variant believed to have originated in South Africa.

The agency says the new variant was found in a South African resident of Lisbon. Medical authorities have already suggested a massive surge in infections is from the spread of a variant identified in southeast England.

Portugal’s hospital COVID-19 wards and ICUs are on average around 90% full. Daily deaths reached a new record for a fifth day in a row at 234 on Friday, bringing the total to 9,920 in a country of 10.3 million.

The country also faces the challenge of holding a general election on Sunday.

___

LONDON — A leading politician in Wales has resigned from a senior post after he and colleagues had a drinking session inside the Welsh parliament buildings while pubs and bars are closed during a coronavirus lockdown.

Paul Davies says he was stepping down as leader of the Welsh Conservatives “for the sake of my party, my health and my own conscience.”

Another Welsh Conservative lawmaker, Darren Millar, was quitting as the party’s chief whip.

___

PARIS — French doctors have new advice to slow the spread of the virus: Stop talking on public transport.

The French Academy of Doctors issued guidance saying people should “avoid talking or making phone calls” in subways, buses or anywhere in public where social distancing isn’t possible. Masks have been required since May, but travelers often loosen or remove them to talk on the phone.

Other French experts are urging more dramatic measures — notably a third lockdown.

France’s hospitals hold more COVID patients than in October, when President Emmanuel Macron imposed a second lockdown. Virus patients occupy more than half of the country’s intensive care beds.

Infections in France are gradually rising this month, at more than 20,000 per day. France currently has the longest virus curfew in Europe, from 6 p.m. to 6 a.m., and restaurants and tourist sites have been closed since October.

The government has so far sought to avoid a full new lockdown. Protests are expected around France on Saturday against virus-related layoffs and to support those arrested for holding a techno rave party despite virus restrictions.

France has registered 72,647 confirmed virus-related deaths.

___

LONDON — Britain’s main doctors’ organization says it is concerned about the U.K.’s decision to give people a second dose of coronavirus vaccine up to 12 weeks after the first, rather than the shorter gap recommended by manufacturers and the World Health Organization.

The U.K., which has Europe’s deadliest coronavirus outbreak, adopted the policy in order to give as many people a first dose of the vaccine as quickly as possible. So far almost 5.5 million people have received a first dose of either a vaccine made by Pfizer or one developed by AstraZeneca.

AstraZeneca has said it believes a dose of its vaccine offers protection after 12 weeks, but Pfizer says it has not tested the efficacy of its jab after such a long gap.

The British Medical Association urged England’s chief medical officer to “urgently review” the policy for the Pfizer vaccine. It says there was “growing concern from the medical profession regarding the delay of the second dose of the Pfizer vaccine as the U.K.’s strategy has become increasingly isolated from many other countries.”

Pfizer says its second dose should take place 21 days after the first. The WHO says the second shots of coronavirus vaccines can been given up to six weeks after the first.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Pfizer (PFE)
4.9926 of 5 stars
$25.39-0.1%6.62%70.51Hold$36.88
Tesla (TSLA)
4.8351 of 5 stars
$149.93-3.6%N/A34.79Reduce$197.15
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