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Thursday, March 12, 2020

Coronavirus updates – MLB suspends, NY bans gatherings over 500

NY Governor Cuomo this afternoon announced a ban on gatherings of 500 or more across the state to go into effect at 5 PM on Friday; for Broadway theaters, it goes into effect immediately.
Meanwhile in the suburbs of Philadelphia, there’s been a relatively sizable coronavirus outbreak in Montgomery Country. Governor Tom Wolf earlier ordered the school shut for two weeks, and asked that all non-essential retail businesses close their doors.
Major League Baseball has suspended all operations, including spring training, reports NBC. An official announcement is expected soon. Update at 3:15 ET: The official announcement is out. For now, the regular season has been delayed by at least two weeks.
The Supreme Court Building is now closed to the public.
https://seekingalpha.com/news/3551173-coronavirus-updates-mlb-suspends-ny-bans-gatherings-over-500

Care for the elderly without putting them at risk of coronavirus

While the coronavirus outbreak poses health risks for everyone, officials have made clear that the elderly are particularly vulnerable.
In Kirkland, Wash., a nursing home that saw one of the first confirmed U.S. clusters of Covid-19 has already confirmed the death of 19 residents. Now other nursing homes and long-term care facilities are putting strict restrictions in place to limit residents’ risk of exposure to infection. Elderly living at home are also being encouraged to limit social contacts.
The measures are precautionary, but will put strain on families and friends who not only are eager to preserve contact with their loved ones, but are also increasingly worried about their well-being.
Experts stress there are ways to stay in touch with and care for the elderly without putting them at risk of exposure to Covid-19. STAT spoke with Charlotte Yeh, chief medical officer at AARP, to learn more. This transcript has been lightly edited for clarity.
How do you recommend elderly populations protect themselves against Covid-19?
Apart from following the general guidelines on regularly washing hands, avoiding crowds, and practicing social distancing, it is very important that the elderly think twice about having friends and family members visit them, especially if anyone in the family might be sick. Caregivers should practice extra precaution themselves and the family should have a backup plan to care for their loved one in case the caregiver gets sick. … Planning also helps reduce panic and anxiety, so communicate a care plan among family members. There should also be enough supplies [food and medication] in the house that can last for at least two weeks, or maybe more. In many cases, you can mail order the medication and use grocery delivery services, as ways to further protect the older adults in the family.
If the elderly have an annual checkup coming up, should they be concerned about going to the hospital?
It can vary by location and community based on how widespread cases of coronavirus are. In case one is concerned, they should call their physician and say, “I’m scheduled for an annual checkup. I’m otherwise feeling well and do not have any particular concerns. Is this something we can reschedule or postpone for later?” It is also helpful because, again, if there’s an outbreak in your particular community, health care workers are also very busy taking care of those who are ill. If you can handle anything on your own through conversation or through telehealth, it will be good for you and also for the health care worker.
How would you advise the elderly regarding travel?
Well, everyone is going to have their own risk tolerance, but if you’re of old age and have serious underlying health conditions, you should think twice about travel, particularly by airplane. I do not recommend cruise ships at this point, or traveling to go to events where there will be large crowds. This would be a time where people should take an abundance of precaution about travel.
Should people consider taking their elderly out of long-term care facilities?
The guidance is continuing to change day by day, as we learn more about how the virus is behaving in the community. In this case, I would urge the individuals to contact the care facility and find out about the precautions they have in place. There are infection control procedures that every nursing home has to follow, and [you can tell the care facility] that you want to be notified what they are. In certain states, where there is higher concentration of outbreaks, there is guidance from the state department of public health, which may vary by locality. Most importantly, if [the elderly] are already in the long-term care facility, you just want to verify that these facilities are following proper precautions. You have to balance the care that your elderly can get in a facility versus if you took them home, you might be able to provide that care. Keep a close eye on what is happening in your particular community, your particular state, and follow the department of health guidance.
How can people stay connected with their elderly family members during a time of restrictions on visits?
Social connections are so important and this is a time where long-term facilities may be restricting visitors due to the risk of infection. But there are other ways of staying in touch. This is a time where we may go back to the old-fashioned ways of communication. This means making telephone calls more frequently. Don’t forget, there’s video conferencing available to use and sharing of photographs through social media, so you can stay in touch and not feel isolated or disconnected. There are captioned telephones for those who have documented hearing impairment. This is a free service that is covered by the FCC. [Older adults] can ask people to talk more slowly, especially if you have a captioned telephone, so you can capture the entire conversation and read it at the same time as hearing it. Just because you can’t visit your loved ones doesn’t mean you can’t stay connected. There are delivery services for things like flowers and groceries, just to say I’m thinking of you. Don’t forget about mail. These days we forget that a handwritten card, a letter sent to your loved one, might give us a result. The nice part about it is that you can read it over and over again to remind yourself that people care about you.
How can the elderly stay active inside their home and keep themselves entertained?
Even if you are at home, you can walk in the hallways, and walk around your room. It is really important to not just sit or lie down all day. We need to move and get the blood flowing and it is good for overall health. Even small housework is a form of exercise. Secondly, maybe this is a good time to catch up on old movies. In fact, you could have your family watch the same movie on the same day and afterwards catch up and talk about the movie. This might also be a good time to do things that you always wanted to do but never had the time. How about learning a new language [online], and sending notes to your family? Maybe write a note to your grandchild.
What are some steps to take if someone is worried that they have been potentially exposed to Covid-19?
The important thing to know is that, if you are not sick but fear that you have been exposed to someone with the infection, you don’t have to go to a hospital to seek help. You can call or use telehealth to contact your physician. Ask them what [symptoms] to watch out for, and when should you consider being tested. Clearly, if you have a fever, a cough, shortness of breath, there is a risk that you do have coronavirus and that might be a circumstance where it is recommended that you get tested. For people who have insurance coverage, there is typically a nurse helpline, in addition to contacting a doctor and telehealth option.
Q&A: How to care for the elderly without putting them at risk of coronavirus

Shortage of crucial chemicals creates new obstacle to U.S. coronavirus testing

The push to increase testing in the U.S. for the novel coronavirus that causes Covid-19 has hit a new stumbling block: shortages of key chemicals needed to start up and run the tests.
In particular, one key product, made by the diagnostics testing giant Qiagen, is in dwindling supply. The chemical is used to isolate the virus’ genetic material, or RNA, so that it can be tested.
Robert Redfield, the director of the Centers for Disease Control and Prevention, told Politico, which first reported the story, that he is worried about the supplies labs have of the chemicals, known as reagents.
“The availability of those reagents is obviously being looked at,” Redfield said Tuesday. “I’m confident of the actual test that we have, but as people begin to operationalize the test, they realize there’s other things they need to do the test.”
A Qiagen spokesperson acknowledged that “extraordinary” demand was limiting the company’s ability to supply some products, and said workers at its Hilden, Germany, and Barcelona, Spain, manufacturing sites were moving to work three shifts, seven days a week in order to ramp up production. The company is also bringing on new staff and making better use of a site in Germantown, Md., to try and make the test kits.
Still, that and other shortages related to test kits represent another hurdle in the effort to roll out diagnostics to detect whether patients are infected with the new coronavirus, a key step in preventing or slowing its spread. Other countries, such as China and South Korea, have tested many thousands of patients. But the U.S. has lagged even as the virus has started to spread — there have been 647 cases of Covid-19 in the U.S. and 25 deaths so far — having conducted only 5,000 tests to date. The American Enterprise Institute estimates that the country may now have the capacity to run 15,000 tests a day, but that assumes that reagents are available.
“We are deeply concerned that as the number of tests increases dramatically over the coming weeks, clinical labs will be unable to deploy them without these critical components,” the American Society of Microbiology said on its website. “Increased demand for testing has the potential to exhaust supplies needed to perform the testing itself.”
The kits in short supply appear to include varieties of the Qiagen QIAamp Viral Mini Kit and the Qiagen EZ1 Virus Mini-Kit and the Roche MagnaPure nucleic acid kit.
Michael Mina, a pathologist and assistant professor in the Center for Communicable Disease Dynamics at the Harvard T.H. Chan School of Public Health, said that the lack of the Qiagen kit and a similar one made by Roche represent “a very big problem.”
“These are usually very commercially available tests that every research lab uses; molecular biology labs across the world use these,” Mina said. “They’re very common and we don’t normally worry about them going out of stock. But at the moment, they are out of stock.’’
Mina said that not only is the Qiagen product on backorder, so is another that might be used, from Roche. But part of the problem is that those reagents are used on different pieces of laboratory equipment made by their respective manufacturers. All labs wouldn’t have both.
“I would love to say, yes, there’s all these different options,” Mina said. “But we really run into problems because we can’t actually use these kits if we don’t have the instruments for them.”
The Food and Drug Administration said that it is monitoring the issue, and it hosted a webinar and town hall last week for the laboratory community as well as fielded questions from manufacturers about “alternative reagents, extraction methods, and platforms.” The agency also posted an FAQ page Tuesday on coronavirus diagnostic testing that lists potential alternatives. Mina said he was unsure that the page would speed up getting tests running, but said it at least clarified what needed to be done.
But the chemical for extracting RNA did not seem to be the only product running short as the U.S. tries to quickly ramp up its testing capacity. On Friday, Christopher Freeman, a laboratory administrator at Columbia University, sent an email to colleagues pleading for another product, used for storing RNA, made by Invitrogen, a unit of lab tools giant Thermo Fisher. He said his lab hoped to validate its Covid-19 test over the weekend, but that it needed the “a basic yet critical reagent that is required as per the FDA submission.” He asked if any laboratory had the reagent stocked in its laboratory.
A Columbia spokesperson said that the lab received a six-month supply of the necessary reagent from New York state and is in the process of validating its test. A Thermo Fisher spokesman said that the Invitrogen product should not be in short supply.
But some experts in the laboratory industry say that shortages may partly be the result of trying to have labs ready their diagnostics too quickly, and that preparations should have begun months ago.
Mike Pellini, a doctor and longtime diagnostics executive, said that it has been too difficult for new tests to come online and be reimbursed. In this case, work that should have taken two months has had to be “crammed into a few days or a week,”  said Pellini, now a managing partner at Section 32, a venture capital firm.
“Industry has been prepared to engage for a while, but there was little receptivity on the other side until last week,” Pellini said.
Shortage of crucial chemicals creates new obstacle to U.S. coronavirus testing

First American may receive coronavirus vaccine soon – Fauci

In a briefing to a House committee, NIAID head Anthony Fauci says he is “hopeful” that the first patient will receive a coronavirus vaccine in a few weeks.
A range of companies are scrambling to have one available for testing. Regulatory approval will still be a year or more away, but the FDA would be expected to permit deployment under an Emergency Use Authorization.
Selected tickers (some more relevant than others): Novavax (NVAX -3.6%), Emergent BioSolutions (EBS -2.2%), Sanofi (SNY -8.6%), iBio (IBIO -7%), Vaxart (VXRT -12.8%), Dynavax Technologies (DVAX -9.6%), Moderna (MRNA -0.9%), Inovio Pharmaceuticals (INO +15.5%), Tonix Pharmaceuticals (TNXP -14.3%), Heat Biologics (HTBX -12.1%), GlaxoSmithKline (GSK -10.1%), Takeda (TAK -13%), AbbVie (ABBV -8%)
https://seekingalpha.com/news/3551121-first-american-may-receive-coronavirus-vaccine-soon-fauci

Coronavirus cases top 130K, outbreak leveling off in China?

According to Worldometer, global COVID-19 cases are now north of 130K compared to ~96K a week ago. Fatalities stand at 4,756 versus ~3,300 last week.
Per CoronaTracker, the top 10 countries are: China (80,931), Italy (12,462), Iran (10,075), South Korea (7,869), France (2,281), Spain (2,277), Germany (2,078), U.S. (1,301), Norway (702) and Switzerland (652).
Observers believe that China’s total is unrealistically low since government officials have clamped down on reporting in an effort to demonstrate that they have the outbreak under control. There were ~80K reported cases at the end of February, up from ~51K in mid-February so the leveling off of new cases appears suspect.
ETFs: THW, BME, GRX, IXJ, GDNA, KMED, XLV
https://seekingalpha.com/news/3551134-coronavirus-cases-top-130k-outbreak-leveling-off-in-china

Fed ups repo operations to $500B

The Fed makes a number of changes “to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak.”
The three major U.S. stock averages pare their declines. The S&P 500 falls 6.0% after having declined as much as 8.8%; the Nasdaq -5.7% vs. 8.7% earlier, and the Dow -6.0% vs. 9.6% earliers.
The central bank will conduct Treasury purchases across a range of maturities as part of its $60B reserve management purchases for the month starting March 13.
Today, the Open Market Trading Desk will also offer $500B in a three-month repo operation at 1:30 PM ET.
Tomorrow, it will further offer $500B in a three-month repo operation and $500B in one-month repo operation for same-day settlement.
Bank stocks pare their declines with the news. Bank of America (NYSE:BAC), which had fallen as much as 11% earlier, is now down 5.1%.  JPMorgan Chase (NYSE:JPM), which lost as much as 10% earlier, is down 5.4%.
ETFs: XLF, FAS, FAZ, VFH

McConnell under pressure to cancel recess over coronavirus

A number of Republicans are urging congressional leadership to cancel the upcoming one-week recess so lawmakers can stay in Washington, D.C., and work to address the coronavirus outbreak.
Three GOP senators, in separate statements, called on Congress to stay in town to put together a package amid growing concerns about the widespread outbreak that has roiled the economy.
“Due to the need to work on additional efforts to confront the COVID-19 pandemic, the Senate should cancel its recess and remain in session next week,” Sen. Susan Collins (R-Maine) tweeted.
Sen. Thom Tillis (R-N.C.) added that “Congress needs to cancel its recess and stay in session so we can work together in a bipartisan fashion to address the coronavirus pandemic.”
Sen. Ben Sasse (R-Neb.) issued a similar call.
“The Senate ought to keep working on the people’s business — both addressing the obvious deficiencies in our diagnostic testing pipeline, and debating the President’s call last night for economic legislation. The Senate has work to do, let’s get to it,” he said in a statement.
The calls for McConnell to cancel the break comes as senators are preparing to leave Washington as soon as Thursday for a one-week break.
The House is poised to vote on a new coronavirus package on Thursday. Speaker Nancy Pelosi (D-Calif.) is still negotiating with Treasury Secretary Steve Mnuchin over potential changes to the language.
McConnell has largely deferred the negotiations with Democrats to Mnuchin, signaling he could support something if the White House is on board.
But he panned the House bill as originally drafted, suggesting that it could not pass the Senate.
“Unfortunately, it appears at this hour that the Speaker and House Democrats instead chose to produce an ideological wish list that was not tailored closely to the circumstances,” McConnell said.
The calls to cancel the recess comes amid growing anxiety about the coronavirus within the Capitol.
New restrictions are set to go into effect later Thursday that will limit public access to the building.
https://thehill.com/homenews/senate/487255-mcconnell-under-pressure-to-cancel-recess-over-coronavirus