Coronavirus Global Updates May 27 ::: Covid Origin Hunt Ordered; Melbourne to Lock Down

Thu May 27 12:43:01 CAT 2021

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Coronavirus Global Updates May 27 ::: Covid Origin Hunt Ordered; Melbourne to Lock Down

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Zimbabwe COVID19 Update

COVID-19 update: As at 26 May 2021, Zimbabwe had 38 819 confirmed cases, including 36 531 recoveries and 1 589 deaths. To date, a total of 643 531 people have been vaccinated against COVID-19.

Covid Origin Hunt Ordered; Melbourne to Lock Down: Virus Update
President Joe Biden said he  <https://www.bloomberg.com/news/articles/2021-05-26/biden-orders-new-report-on-coronavirus-origin-from-u-s-spies> ordered the U.S. intelligence community to “redouble” its effort to determine the origin of the coronavirus, including whether it possibly came from a Chinese lab accident. Melbourne will lock down as a cluster of cases continues to grow.

Thailand reported a record number of Covid-19 deaths, while Malaysia’s new daily infections rose to a high. Vietnam, also fighting a fresh wave of cases, is allowing some factory workers to sleep on site to avoid production disruptions, while Ho Chi Minh City is closing its hotels and restaurants, according to a local media report.

The European Union attacked  <https://www.bloomberg.com/quote/AZN:LN> AstraZeneca Plc’s vaccine supply “failure” and demanded an urgent order for millions more doses in the latest round of a bitter legal dispute over alleged broken promises by the drugmaker. France unveiled  <https://www.bloomberg.com/news/articles/2021-05-26/france-to-place-new-restrictions-on-u-k-travelers-from-may-31> extra restrictions for passengers coming from the U.K. to fend off the coronavirus variant first identified in India.

Malaysia Premier Under Pressure 
Malaysian Prime Minister Muhyiddin Yassin is facing  <https://www.bloomberg.com/news/articles/2021-05-27/malaysia-pm-under-pressure-as-public-anger-builds-on-covid-surge> renewed pressure to allow parliament to reconvene, as his move to suspend democracy in January is failing to contain the Covid outbreak amid rising public anger.

Malaysians’ vaccine hesitancy is one of the many indicators that the people have lost confidence in the government, said Azalina Othman Said, Deputy Speaker of the House of Representatives and member of the ruling United Malays National Organisation. Public mistrust must be handled via public debate through parliament, she wrote on Twitter Thursday.

Ho Chi Minh City Shuts Hotels, Restaurants 
Ho Chi Minh City  <https://www.bloomberg.com/news/terminal/QTR39OT0AFB4> is closing restaurants, hotels and religious establishments after Vietnam’s commercial hub reported 25 people tied to a religious sect tested positive for the virus, Tuoi Tre newspaper reported. Authorities in the province of Bac Ninh, the nation’s second worst virus-hit region,  <https://www.bloomberg.com/news/terminal/QTQTKKT0AFB9> ordered companies to let workers sleep in factories beginning June 1 to prevent production disruptions.

Prime Minister Pham Minh Chinh  <https://www.bloomberg.com/news/terminal/QTQN9HT1UM10> approved the establishment of a fund to facilitate donations to help Vietnam acquire and produce Covid-19 vaccines. The health ministry has estimated it will cost the country about $1.1 billion to acquire 150 millions of doses for 75 million people. About 1% of Vietnam’s population has received at least a first vaccine dose.

Hong Kong Billionaire Li Fully Vaccinated 
Hong Kong’s richest tycoon Li Ka-shing, 92, has been fully vaccinated, according to a Facebook  <https://www.facebook.com/101928361291183/posts/382156053268411/?d=n> post by his charity, the Li Ka Shing Foundation, with a photo of his BioNTech vaccination record.

“The antibody index satisfies the doctor,” the foundation said.

Sinopharm Publishes Vaccine Study Details 
Vaccines from China’s Sinopharm  <https://www.bloomberg.com/news/articles/2021-05-27/china-s-sinopharm-publishes-awaited-covid-vaccine-study-details> successfully contained Covid-19, according to a study published in a prestigious U.S. medical journal, the first time detailed findings from a late-stage trial of a Chinese shot have appeared in the scientific literature.

The two inactivated vaccines developed by Sinopharm’s vaccine-making unit China National Biotec Group Co. prevented symptomatic infections by 72.8% and 78.1%, largely in-line with what the state-owned drugmaker previously announced. The findings were reported in the May 26 Journal of the American Medical Association.

Taiwan to Propose New Relief Measures 
The Taiwanese government  <https://www.bloomberg.com/news/terminal/QTQXD7T0G1KZ> will strengthen support measures for industries affected by Covid restrictions, increasing relief loans and speeding up help for the self-employed such as drivers.

The government is being  <https://www.bloomberg.com/news/articles/2021-05-26/surging-covid-may-force-taiwan-to-boost-planned-fiscal-stimulus> pushed to widen its fiscal support to help the economy cope with business shutdowns and possible job cuts as virus restrictions tighten across the island. Lawmakers are set to approve an almost 50% jump in government spending to NT$630 billion ($22.6 billion) on Monday, with pressure building to increase that further.

Australia’s Victoria Enters Lockdown 
Melbourne, the Australian city that’s already endured one of the world’s longest and most arduous lockdowns, is heading back into  <https://www.bloomberg.com/news/articles/2021-05-26/lockdown-looms-for-melbourne-as-covid-cluster-grows-to-27> enforced isolation due to another Covid-19 outbreak.

The city of 5 million people, along with all other areas of Victoria state, will go into lockdown from midnight for seven days, state Acting Premier James Merlino told reporters in Melbourne on Thursday. The number of cases within the community spread had doubled in the past day to 26, he said.

Hong Kong Starts Draw to Spur Vaccination 
Airport Authority Hong Kong will give away 60,000 air tickets by  <https://www.hongkongairport.com/en/media-centre/press-release/2021/pr_1547> lucky draw to local residents and airport staff who receive Covid-19 vaccination. Details are being discussed with airlines, with the draw planned to be completed by the end of September.

Ohio, meanwhile, announced the first winner of its $1 million Vax-a-Million vaccination incentive prize, the Associated Press  <https://www.bloomberg.com/news/articles/2021-05-26/ohio-to-announce-1st-winners-of-vax-a-million-lottery> reported.

China Says Virus Probe Must Be Global 
China  <https://www.bloomberg.com/news/terminal/QTQOW9T1UM0Y> supports “overall examinations” of all early Covid cases that were discovered around the world, according to a statement on the foreign ministry’s website.

The probe must be complete, transparent and based on facts and should include “some secret bases and biological labs,” the ministry said, without elaborating.

Some Covid Origin Claims to Stay on Facebook 
Facebook Inc. will  <https://www.bloomberg.com/news/terminal/QTQJOYT0G1KZ> stop taking down posts that claim Covid-19 was man-made or manufactured, according to Politico.

“In light of ongoing investigations into the origin of COVID-19 and in consultation with public health experts, we will no longer remove the claim that COVID-19 is man-made from our apps,” a company spokesperson told Politico in an emailed statement. Twitter Inc. and YouTube, part of Alphabet Inc.’s Google, didn’t respond to the publication on whether they are amending policies on the origins of the disease.

Glaxo Covid Drug Wins U.S. FDA Approval 
GlaxoSmithKline Plc’s monoclonal antibody drug sotrovimab won  <https://www.bloomberg.com/news/terminal/QTQHP7MB2SJR> emergency use authorization from the U.S. FDA to treat mild-to-moderate Covid-19 in people 12 and older. Sotrovimab mimics the human body’s immune response and blocks the coronavirus from attaching to and entering cells. It has been shown to help against variants first reported in the U.K., South Africa, Brazil, California, New York and India.

The treatment can be administered as a 500 milligram single dose intravenously by health care providers, the FDA said. Potential side effects include anaphylaxis and infusion-related reactions, rash and diarrhea. The drug isn’t approved for use in patients who are hospitalized or need oxygen because of the disease.

South Africa Reviews Sinovac, Sputnik Vaccines 
South Africa’s review of the Sinovac and Sputnik coronavirus vaccines is nearing completion, the South African Health Products Regulatory Authority said.

China’s Sinovac Biotech Co. may be able to supply South Africa with as many as 5 million doses of its Covid-19 vaccine, Johannesburg-based newspaper Business Day reported in March. In April, Health Minister Zweli Mkhize directed officials to buy 10 million doses of Russia’s Sputnik V and China’s Sinopharm shots. No applications have been received yet for the Sinopharm inoculation, officials said.

N.Y. Raffles Scholarships as Shot Incentives 
New York is raffling off 50 four-year full-tuition scholarships, including room and board, to any public college and university in the state to adolescents who get vaccinated.

Staring Thursday through July 7, teens 12 to 17 years old who get their first vaccine dose will be in a pool to win one of ten scholarships given weekly, Governor Andrew Cuomo announced. The drawing will be held every Wednesday.

Only 8.7% of New Yorkers ages 12-17 are vaccinated. Currently only the Pfizer Inc.-BioNTech SE shot is authorized for the age group, though Moderna Inc. said this week it is seeking to have its shot authorized for teens by early June.

“The greatest need is the 12-17 year olds,” Cuomo said at a news briefing Wednesday. “They are 5% of the current Covid tests but they are 10% of the positivity rate -- that’s the highest percent of any age group.”

WHO Mulls Next Steps in Origin Search
The World Health Organization has had informal consultations with member states about the next phase in efforts to find the origins of the coronavirus, and will continue to have those discussions in the coming weeks, Mike Ryan, head of the WHO health emergencies program, said in a speech to the World Health Assembly, the governing body of the Geneva-based agency.

“We’re very much welcoming of your suggestions around those inputs for the next phase and around the need for further experts to be able to carry out different studies as needed,” Ryan said. “The Director-General will consider all of that over the coming weeks and we’ll be then able to communicate with you what we believe is the best next step in this journey.”

The group of international scientists that traveled to Wuhan, China, where the first Covid cases emerged at the end of 2019, said in a joint report with Chinese counterparts that the pathogen most likely spread from bats to humans via another animal. A lab accident was deemed least likely, though WHO Director-General Tedros Adhanom Ghebreyesus joined the U.S. and other governments in saying the probe didn’t adequately analyze the possibility of a lab leak.

Vaccine Makers May See $190 Billion in Sales 
Vaccine manufacturers stand to gain as much as $190 billion in sales this year if they hit production targets, with two Chinese companies accounting for at least a quarter of the revenue, according to Airfinity Ltd. estimates. Production constraints and shortfalls will likely bring the final 2021 sales numbers closer to a range that tops out at $115 billion, the research firm said.

France to Add Restrictions to U.K. Borders 
France will unveil extra restrictions for passengers coming from the U.K. to fend off the variant first identified in India, government spokesman Gabriel Attal said after a cabinet meeting.

INVESTORS DIARY 2021

Company

Event

Venue

Date & Time

Companies under Cautionary

ART

PPC

Dairibord

Starafrica

Fidelity

Turnall

Medtech

Zimre

Nampak Zimbabwe

DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

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