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Tuesday, April 4, 2023

Neutrophils can be key antitumor weapons

 White blood cells called neutrophils have an unappreciated role in eradicating solid tumors, according to a surprise discovery from a team led by Weill Cornell Medicine scientists.

In the study, published March 30 in Cell, the researchers investigated how a T cell-based immunotherapy was able to destroy melanoma tumors even though many of the tumor cells lacked the markers or "antigens" targeted by the T cells. They found that the T cells, in attacking the tumors, activated a swarm of neutrophils -- which in turn killed the tumor cells that the T cells couldn't eliminate. The findings could lead to new immunotherapies that harness this unexpected but potent antitumor immune response.

"We have tended to think of innate cells as immune cells that, at best, can help stimulate an initial T cell response to a tumor. In addition, many studies have shown that neutrophils support tumor progression, but here we reveal that they can have a critical role in eliminating and finishing off a tumor that would otherwise escape a T cell therapy," said study co-senior author Dr. Taha Merghoub, deputy director of the Sandra and Edward Meyer Cancer Center, the Margaret and Herman Sokol Professor of Oncology Research and a professor of pharmacology at Weill Cornell Medicine, and co-director of the Ludwig Collaborative Laboratory.

"This work clearly shows us that the monolithic term 'neutrophil' needs to be more specific, based on the use of single-cell technology," said co-senior author Dr. Jedd Wolchok, the Meyer Director of the Meyer Cancer Center and a professor of medicine at Weill Cornell Medicine, co-director of the Ludwig Collaborative Laboratory and an oncologist at NewYork-Presbyterian/Weill Cornell Medical Center. "In the past, this general term referred to a population of cells that were not thought to be helpful in controlling tumors. We now know that a subset of these cells is critical in optimizing engineered T cell therapies to overcome heterogeneity."

Cancer immunotherapies, which harness or boost immune cells' ability to attack malignant cells, have begun to revolutionize cancer treatment over the past decade. In some cases, these therapies have essentially cured advanced cancer patients who would have had no hope of survival otherwise. Yet for most cancers, immunotherapies are effective in only a minority of patients. In general, researchers still have much to learn about how anticancer immunotherapies work and how their effectiveness can be improved.

In the study, the researchers investigated an experimental immunotherapy that includes a drug to boost T cell activity and proliferation, plus T cells that have been engineered to recognize a melanoma-associated antigen. Tumors sometimes can evade an immunotherapy targeting a specific tumor antigen simply by ceasing to express that antigen -- the tumor cells that don't express the antigen are called "escape variants." However, the researchers found that their boosted T cell therapy could eliminate melanomas, in standard mouse models, even when a large portion of the melanoma cells lacked the targeted antigen, Trp1.

Ultimately, they determined that the initial anti-tumor activity of the T cells against Trp1-expressing melanoma cells triggered a secondary tumor-killing response -- from neutrophils. These white blood cells are best known as first-responders to infections and wounds. As members of the evolutionary older "innate" immune system, they do not target specific antigens in the way that T cells do. Yet the researchers concluded that the neutrophils summoned by their T-cell immunotherapy were indeed responsible for killing off the remaining, non-Trp1-expressing melanoma cells -- at least in part by secreting the highly reactive molecule nitric oxide.

As part of the study, the researchers identified a characteristic gene expression pattern in the antitumor neutrophils, and found that in a widely used database on melanoma patients, the greater presence of this gene-expression "signature" in biopsied tumor samples was associated with better outcomes for patients.

The results were especially surprising because prior studies have shown that neutrophils around a tumor often act as allies of the tumor -- the tumor co-opts them to help it survive and spread, which they do in part by suppressing other elements of antitumor immunity.

In any case, the new findings suggest that in the context of a strong immunotherapy that includes engineered T-cells targeting tumor antigens, and a general boosting of T-cell functions, neutrophils can play a significant antitumor role -- in fact, an essential role in mopping up escape variant tumor cells that would otherwise keep the tumor alive.

"Conventional T cell-based therapies have been successful in treating cancers, but they are not as effective against heterogenous tumors, which have antigen escape variants that can be invisible to the immune system," said Dr. Daniel Hirschhorn, an assistant professor of research in pharmacology at Weill Cornell Medicine. "It was incredibly surprising to discover that T cell-educated neutrophils can eliminate these 'invisible' tumor cells. This discovery highlights the importance of mobilizing multiple arms of the immune system in the fight against cancer."

The researchers now are continuing to study these anti-tumor neutrophils, to determine how they can best be induced and directed -- as cancer-fighters on their own, or as enhancers of other immunotherapies.

"I also hope that we can find a way to use measures of these antitumor neutrophils in tumor biopsies as biomarkers that help us choose the best therapies for patients," Dr. Merghoub said.

Journal Reference:

  1. Daniel Hirschhorn et al. T cell immunotherapies engage neutrophils to eliminate tumor antigen escape variantsCell, 2023 DOI: 10.1016/j.cell.2023.03.007

Walmart says 65% of stores will be serviced by automation in 2026

 Walmart Inc on Tuesday said it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026, just days after it revealed plans to lay off more than 2,000 people at online order fulfillment centers.

The move comes as Walmart has increasingly been using its huge stores to handle online-order deliveries and investing heavily in automation to eliminate the time it takes to process orders at its e-commerce fulfillment facilities.

On Tuesday, the company said in a filing that about 55% of packages that it processes at its fulfillment centers will be routed through automated facilities by the end of fiscal 2026, improving unit cost averages by about 20%.

The world's largest retailer by sales also maintained its forecast for the fiscal year ending Jan. 31, 2024, which calls for net sales to rise by 2.5% to 3% and earnings by $5.90 to $6.05 per share.

https://finance.yahoo.com/news/walmart-says-65-stores-serviced-211828454.html

Alvin Bragg’s Great Shame

 Last January, Dominique Luzuriaga, the widow of slain NYPD officer Jason Rivera, delivered gut-wrenching testimony at her husband’s funeral that captured the pain felt by many New Yorkers as a result of Manhattan District Attorney Alvin Bragg’s soft-on-crime policies and complete failure to prosecute murderers, rapists, and career criminals. Yet now, as New York City descends further into chaos, the George Soros-backed prosecutor is leveraging every resource at his disposal to pursue a transparently political and legally dubious indictment of former President Donald Trump, drawing loud condemnations from even fellow Democrats.

In a tearful eulogy of her husband, Luzuriaga, ripped Bragg for a slate of far-left policies that include not prosecuting certain crimes, reducing many felony charges to misdemeanors, pre-trial release of violent criminals without bail, and dramatically reducing prison time for virtually all crimes. Lashawn McNeil, the man who killed Rivera, was a career criminal out on probation.

“This system continues to fail us,” Luzuriaga said to the crowd of mourners. “We are not safe anymore, not even the members of the service. I know you were tired of these laws, especially the ones from the new DA. I hope he’s watching you speak through me right now.”

But if Bragg was watching, he did not heed Luzuriaga’s pleas. Instead, he seemingly doubled down on his radicalism, blatantly disregarding the law in pursuit of his extreme criminal justice “reform” agenda.

Last September, for instance, Bragg cut a sweetheart deal to Justin Washington, promising him a mere 30 days in jail after he allegedly raped a teenage relative – a crime that normally carries a 25-year jail sentence. Just days before Washington was set to start his sentence (he was out on bail thanks to a lenient $12,000 bond requested by Bragg’s office) Washington went on a spree of sexual assaults, attacking five other people before police arrested him.

Two months earlier, Bragg’s office released a teenager involved in a violent robbery case without bail. Three days later, the same teen assaulted a police officer in a subway station.

But as Bragg had already made clear, assaulting cops was of little concern to his office. Last June, Bragg dropped all charges against one woman caught on video attacking an NYPD officer, and reduced felony charges against a second attacker to third-degree misdemeanor charges.

Just days before that assault, a woman was attacked at random in Chelsea while talking on her phone. The culprit in that case, 37-year-old Marcus Wright, had no less than 36 busts on his rap sheet, including many that could have been felonies but were prosecuted as misdemeanors by Bragg’s office, allowing Wright to escape jail time. Yet even after assaulting an innocent woman for his 37th offense, Wright was freed without bail.

Thieves have enjoyed particularly lax treatment from Bragg. Last January, Bragg reduced charges for a knife-wielding suspect in a convenience store theft from felony robbery to misdemeanor petit larceny, allowing the career criminal with more than 20 arrests to be released without bail. Bragg’s office has also repeatedly downgraded charges for Nolan Gonzalez, a “serial shoplifter” with more than a dozen arrests.

Hate crimes also apparently aren’t of much concern for Bragg – just so long as they’re not perpetrated against a “marginalized” community. In February, Bragg’s office offered a plea deal of just six months in jail for a man involved in a vicious anti-Semitic attack near Times Square. Two other offenders were offered three years and 15 years in jail – still relatively light sentences for a violent hate crime.

Even murder isn’t enough to convince Bragg that someone should be behind bars. In December, Bragg’s office announced that they would be seeking clemency for rapper Trevell Coleman, who is serving 15 years to life for a brutal 1993 killing.

But while criminals get a free pass from Bragg, New Yorkers who defend themselves from those criminals can’t expect the same leniency. Just last week, Bragg charged a parking garage attendant named Moussa Diarra with attempted murder after Diarra confronted a thief who had shot Diarra twice before Diarra turned the criminal’s gun on him (Bragg eventually backed down amid public outrage). Last July, Bragg also charged Jose Alba, a worker at a local bodega, with murder after Alba killed a career criminal who attacked him behind the counter.

All of this has added up to a far more dangerous New York City. In total, major crimes rose 22 percent last year in the Big Apple.

Yet in spite of this alarming trend, Bragg downgraded more than half of all felony cases to misdemeanors over his first year in office, and still lost half of the felony cases that did reach court. According to NYPD data, more than 20% of criminals arrested and freed under Bragg’s “bail reform” policies went on to be arrested for more serious crimes within two months of their first offense.

Bragg’s indictment of Trump stands as just his latest abuse of the criminal justice system. This time, however, instead of reducing charges to allow an actual criminal to walk free, Bragg is manufacturing more serious charges over alleged hush money payments to adult film star Stormy Daniels in 2016 to unfairly prosecute a political enemy.

Even some of the most vehement Trump critics recognize Bragg’s persecution of Trump as a sham. Elie Mystal, a longtime detractor of the 45th president, described Bragg’s case as “trying to bank in a half-court heave off the backboard after the shot clock buzzer has already sounded.” Fellow Trump Derangement Syndrome suffer David French called Bragg’s indictment “unwise,” going so far as to rebuke Bragg directly for forcing Trump to “face the potential loss of liberty on a case that requires so much acrobatics to make.”

Bragg’s predecessor, Cyrus Vance, also concluded he didn’t have a case against Trump after a years-long investigation into the matter. Mark Pomerantz, a prosecutor under Vance, described the Daniels case as “too risky under New York law.”

Bragg’s persecution of Trump has also largely shattered what little was left of civility and decorum in American politics. For all the left-wing fretting about “democratic norms,” it is Democrats who have now thrust the country one step closer to authoritarianism by weaponizing the justice system against their chief political rival.

Yet for Bragg, the case has never been about even the pretext of punishing Trump for an actual crime. It was always about fulfilling a campaign promise to “get Trump” and realize the liberal fantasy of removing their greatest political threat from the playing field – no matter how frivolous the charges required to do so.

Nor will this indictment likely be the last. With numerous other ambitious Democrat elected officials eager to steal some of the spotlight, Bragg’s indictment looks to be just another chapter in a political witch hunt that began as soon as Trump came down the golden escalator in 2015.

But while Trump takes on the wrath of Bragg and the entire liberal establishment, the people of New York – and the country – will continue to suffer.

https://amac.us/alvin-braggs-great-shame/

Another COVID Fail: School Budget Cliffs With Gaping Holes

 New York City’s school system went on a spending spree during the pandemic, thanks to the  $7.5 billion in federal money it received as part of a $189 billion national relief package aimed at addressing education problems incurred by lockdowns and school closures.  

Although the funds were nonrecurring, the nation’s largest school district used some of the money for enduring budget items and programs, including hiring 500 social workers, opening new bilingual programs, and expanding summer learning centers. 

Now, the district faces a “fiscal cliff,” a situation in which spending creates budgetary needs in the future after a financial windfall is depleted. 

“I am … deeply concerned about how the [New York City Department of Education] will sustain many long-term program expansions, which rely heavily on federal relief funds,” Rita Joseph, a New York City Council Member and the chair of the council's Education Committee, told her colleagues in November. 

New York is joined by numerous other school systems that used the temporary funds to beef up staff. Some are already handing out pink slips. 

In Stockton, Calif., the district is laying off 19 full-time employees hired with part of the $241 million the school district received in COVID relief. The district acknowledged that some of the money, which funded a total of 163 positions, was misspent.  

Seattle schools received $145 million in relief and is handing out pink slips to up to 70 employees as it struggles with enrollment that has dropped 16% since 2020. Relief spending included $1.4 million on “equity work” and “response to racism.” 

The district acknowledged its economic mismanagement in a public notice explaining its $131 million deficit: “Enrollment has decreased … while staff has increased.” 

The fiscal cliff did not come out of the blue, as districts were warned of the challenges they would face in sustaining longer-term programs after the federal tranche was exhausted.  

K-12 education last faced widespread financial trouble in 2009, as the Great Recession prompted government to provide nearly $50 billion in relief to districts, which reacted in a way similar to now. Layoffs and budget problems soon followed hiring and expansion. 

“Districts are optimistic that something will happen that will not force them into making hard decisions,” said Chad Aldeman, a school finance pundit and founder of readnotguess.com, a reading instruction website. “They see labor costs as fixed, so they don’t do a good job of scaling up or down. They have a hard time downsizing.” 

recent Rand study found that 77% of school districts used the federal money on exactly what numerous other fiscal hawks cautioned against: beefing up staffing with little regard for the future. “Roughly half of district leaders see a fiscal cliff looming after coronavirus disease (COVID-19) federal aid expires,” Rand researchers reported. The study noted that over three-quarters of public school districts have “increased their number of teaching and non-teaching staff above pre-pandemic levels.” 

As in Seattle, districts across the U.S. are realizing that they made a mistake. The jobs of teachers, mid-level administrators, and low-level employees alike are on the chopping block. Also in danger are after-school programs, tutoring, and counseling, all aimed at addressing the damage caused by widespread school closures, typically locked down under strong pressure from teacher unions. 

Aldeman added that “politics becomes part of a broader narrative, as some districts think they will be able to sustain this going forward and that they can go to lawmakers and say, ‘We need to keep this going.’” 

Molly May, an assistant superintendent in the Eanes school district of Austin, Texas, said the pandemic “exacerbated” the district’s ever-present need for more funding and “the need did not go away.”  

“Losing this (federal) funding without additional financial support from the state will create even more difficulties for districts,” she told an Austin newspaper in January. May did not respond to an interview request.  

Many educators agree that Elementary and Secondary School Emergency Relief, or ‘ESSER’ funds, were an important stopgap as districts dealt with the effects of school closures and remote teaching.  

The Coronavirus Aid, Relief, and Economic Security Act, or CARES, in March 2020 approved $13.2 billion in ESSER funds, which were ramped up twice more: An additional $54.3 billion was approved in December 2020, and another $122 billion in March 2021, for more than $189 billion in total relief.  

The federal largesse was unprecedented and came on the heels of a 4.7% public education funding increase to $752 billion in 2019, “the most per pupil in more than a decade,” the U.S. Census Bureau reported 

The ESSER money came with few spending restrictions except for time, as the cash had spending deadlines, which have passed for the first two installments. The deadline for disbursing the third payment is September 2024.  

“This is the largest federal infusion of money in schools ever, around $4,000 a student,” Jessica Swanson, senior fellow at Georgetown University’s Edunomics Lab, told RealClearInvestigations. While some districts have used the money wisely – for facility upgrades, counseling, and tutoring and pay increases, “other districts have given double-digit pay increases in perpetuity, and these districts will be stuck with high labor costs. Some districts did this even with declining enrollment.” 

Public schools saw increased enrollment before the pandemic, but students have fled schools since 2020, with an estimated 1.1 million students lost to home schooling, private schools and other options. The drop hamstrings most districts, which receive per-student funding from states.

While many districts are spending their relief on pandemic-related mitigation, others found less strategic uses for the cash. Regardless of use, many of the programs require future funding.  

Among the other school districts nearing the cliff: 

In New York City, the alarm was sounded by the Citizen Budget Commission, a fiscal hawk that has served New York City since the 1930s.  

“The fiscal cliff is particularly a concern for [the department of education],” the commission said in a May 2021 report, titled “Federal Aid Now, Fiscal Cliffs Later.” The windfall, the group warned, should not be used for new and expanded programs, such as more afterschool programs and additional teachers, which would create a budgetary mess that would include layoffs. 

School administrators ignoring the advice held out hope that revenue would increase, a questionable proposition in a district that has lost 90,000 students, nearly 8%, since 2020.  

“The focus is often to fill a shortfall this year and worry about everything else the next,” said Ana Champeny, vice president of research at the Citizens Budget Commission. “There were plenty of people who questioned the budget director when these plans were being announced. “ 

Within months of receiving the first installment of federal aid, then-Mayor Bill DeBlasio spent $3.3 billion of it on a pet project, universal pre-kindergarten, creating a scenario in which the district will have to spend millions a year to sustain the program starting in 2024, when the relief money runs out.   

The New York scenario looks set to play out nationally, as districts seek to continue some of the programs that are being introduced through the relief program.  

It’s too early to know which programs have been effective, and many districts and states are currently trying to determine what best benefitted students.  

“There is a lot of learning now about what is working,” said Austin Estes, the program manager for the Council of Chief State School Officers COVID relief data project. “I would expect districts to be thinking about continuing investments into those programs into the future.” 

Which means more demands for increased education funding.  

“There is flexibility in existing funds to support these programs,” said Estes, whose group tracks how state education agencies are spending their portion of ESSER money. But, he added, the education lobby will also try to convince state lawmakers to support more school funding, a longtime political issue. 

State education leaders “are taking an interest in ESSER-era innovations and are thinking of continuing them,” Estes said.” A lot of this investment was designed to get schools reopened and help students recover, so just getting students back on track is a win. We don’t know what the education word would look without this pandemic funding.” 

https://www.realclearinvestigations.com/articles/2023/04/04/another_covid_fail_school_fiscal_cliffs_with_gaping_holes_891371.html

Strength training can reduce blood pressure practiced with moderate to vigorous intensity 2–3 times a week

 Strength training practiced with moderate to vigorous intensity two or three times a week is an effective way to mitigate arterial hypertension (high blood pressure), according to a Brazilian study published in the journal Scientific Reports.

The mechanisms behind the lowering of blood pressure by  are well studied, but little research has been done on the effects of strength exercise on hypertension along similar lines to this review conducted by researchers at São Paulo State University (UNESP).

Led by Giovana Rampazzo Teixeira, a professor in UNESP's Department of Physical Education at Presidente Prudente, the group analyzed over 21,000  and conducted a Cochrane meta-analysis, considered the gold standard for systematic reviews. According to the authors, the analysis focused on the effects of variables such as age, training dose-response, load, volume and frequency.

Cardiovascular diseases are the leading cause of death worldwide, and high blood pressure accounts for 13.8% of deaths from such diseases. Arterial hypertension is diagnosed when  exceeds 140 millimeters of mercury (mmHg) and/or diastolic pressure exceeds 90 mmHg. It is a multifactorial disorder triggered by such problems as an unhealthy diet, drinking too much alcohol, smoking and a sedentary lifestyle.

Strength training has long been known to be a therapeutic option, but without sufficient clarity as to the most effective protocols. In this study, the sample comprised 253 hypertensive subjects with a mean age of 59.66, and the  focused on baseline and post-training hypertension responses to controlled studies that assessed the effects of training for eight weeks or longer.

"We were interested above all in the volume and intensity found sufficient to achieve a significant blood pressure reduction. On average, eight to ten weeks of  led to a reduction of 10 mmHg in systolic pressure and 4.79 mmHg in diastolic pressure," Teixeira said.

The study showed that effective results appeared around the twentieth training session. BP remained lower for about 14 weeks after training ended. "In  and gyms or fitness centers, strength training can be a treatment option for people with high blood pressure as a non-pharmacological intervention as long as you know enough about the key variables and take the subject's goals into account," Teixeira said.

Systematic review

For a long time, only aerobic training was prescribed to treat , and  focused almost entirely on the effects of this type of exercise. "Strength training was recently included in the Brazilian guidelines on the management of , but much more research is needed in order to garner more robust evidence. Future studies should investigate the molecular mediators responsible for lowering vascular and blood pressure during strength training," Teixeira said.

The systematic review analyzed a total of 21,132 scientific articles in search of wide-ranging and robust evidence of the effects of strength training on HBP. Previous reviews on the topic found such evidence, but this study innovated by garnering additional evidence on the influence of age, load, intensity and frequency.

After excluding 21,035 articles that did not meet the objectives of the review, the researchers excluded 43 of the remaining 97 articles owing to duplication, leaving 54 articles for full-text analysis. Fourteen were considered relevant for inclusion in the systematic review.

The results of the analysis showed that strength training was most effective in terms of lowering blood pressure in protocols with moderate to vigorous load intensity, a frequency of at least twice per week, and a minimum duration of eight weeks.

Moderate to vigorous load intensity was defined as more than 60% of the heaviest weight subjects could lift just once, known as the one-repetition maximum, or 1RM, so that for a 1RM of 10 kg, the most effective training load would be more than 6 kg.

Most study samples were aged between 60 and 68. Only two were younger (18-46). Seven comprised both women and men, seven involved women only, and one included only men. An analysis of subgroups revealed more about the influence of age on the effects of strength training, which lowered BP significantly more in the 18-50 than the 51-70 age group. "In any event, strength training can be practiced at any age. The effect on blood pressure is beneficial in older people, too," Texeira said.

Future studies should investigate the cellular and molecular mechanisms that underlie  in response to strength training. Current knowledge shows that it raises , increases production of nitrous oxide, which promotes vasodilation by expanding blood vessel diameter, and boosts blood flow.

In the longer term, it facilitates adaptations such as a lower resting heart rate, lower blood pressure, improved heart efficiency and higher VO2max, the maximum rate of oxygen consumption attainable during vigorous exercise. Typically measured in milliliters of oxygen consumed per kilogram of body weight per minute (mL/kg/min), VO2max is relevant to cardiovascular health.

Among the limitations of the analysis noted by the authors are the inclusion of patients who took antihypertensive medication, such as beta-blockers, diuretics, calcium channel blockers and angiotensin-converting enzyme (ACE) inhibitors, in 11 of the 14 studies. Furthermore, in some studies the inclusion of men and women in the same group prevented gender-sensitive analysis of the effects of strength training.

More information: Rafael Ribeiro Correia et al, Strength training for arterial hypertension treatment: a systematic review and meta-analysis of randomized clinical trials, Scientific Reports (2023). DOI: 10.1038/s41598-022-26583-3


https://medicalxpress.com/news/2023-04-strength-shown-blood-pressure-moderate.html

US rule to allow some inmates to stay home after COVID emergency lifts

 Federal inmates who were allowed to serve their prison terms at home during the COVID-19 pandemic will be able to remain there after the Biden administration lifts the public health emergency, under new rules unveiled by the U.S. Justice Department on Tuesday.

The regulations are expected to provide some relief to inmates, who feared they could potentially be hauled back into prison when the public health emergency expires on May 11.

“This final rule makes clear that the Director of the Bureau of Prisons has the discretion to ensure that those who have made rehabilitative progress and complied with the conditions of home confinement are not unnecessarily returned to prison," Attorney General Merrick Garland said in a statement.

He added that the department remains committed to "the successful transition of those on home confinement back to society.”

In March 2020, Congress authorized the Justice Department to declare an emergency so it could expand the pool of low-level, non-violent federal inmates who could qualify for home confinement, to contain the spread of the coronavirus throughout the federal prison system.

In January 2021, the department's Office of Legal Counsel issued a memo saying once the emergency is lifted, the federal Bureau of Prisons (BOP) would have no choice but to "recall prisoners in home confinement to correctional facilities" because the authority to send more people home was temporary.

Criminal justice and civil rights groups have lobbied the Justice Department and the White House to change those rules to prevent inmates from being returned to prison en masse.

The BOP will still be able to impose "proportional and escalating sanctions," including a return to prison, on inmates who commit infractions.

Since March 2020, more than 12,000 inmates were placed into home confinement. Of those, the department said only a fraction of one percent were returned to prison due to new criminal conduct.

https://news.yahoo.com/us-rule-allow-inmates-stay-161558037.html

Toronto-Dominion Becomes Biggest Bank Short With $3.7 Billion on the Line

 

  • Merger arb, Schwab stake, Canada housing woes seen as drivers
  • S3 sees risk of profits evaporating as quickly as they came

Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial center of Canada.

In recent weeks, short sellers have upped their bearish bets against Toronto-Dominion Bank, and now have roughly $3.7 billion on the line vis-à-vis Canada’s second-largest lender, according to an analysis by S3 Partners. That’s the most among financial institutions globally and puts TD ahead of the likes of France’s BNP Paribas SA and Bank of America Corp.

https://www.bloomberg.com/news/articles/2023-04-04/td-becomes-biggest-bank-short-with-3-7-billion-on-the-line