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Friday, November 3, 2023

Why do some vaccines (polio, measles) prevent diseases, others (COVID, flu) only reduce severity?

 When the first vaccines for COVID-19 rolled out in December 2020, some people hoped they would be a silver bullet against the novel virus the way that polio and smallpox shots are nearly 100% effective against those diseases.

Instead, the updated COVID vaccine is being compared to the flu vaccine in the sense that its goal is to prevent severe disease, hospitalization and death rather than to eliminate infection entirely.

That doesn't mean the COVID and flu vaccines are failures, health experts at Northeastern say.

Mansoor Amiji, university distinguished professor of pharmaceutical sciences and chemical engineering, and Neil Maniar, professor of the practice in public health, say vaccines differ according to whether the viruses they've been designed to quell are mutating or stable.

Stable versus mutating viruses

The measles and polio viruses are stable and don't mutate over time, Amiji says. The same is true for the virus for smallpox, which has been eradicated globally and only exists in the lab.

Making a vaccine with an antigen from a stable virus means a vaccinated person's  is primed to recognize and destroy the virus every time it appears, Amiji says.

"If you start to see an outbreak of polio, in any part of the world, these vaccines are still incredibly effective. If the virus crops up, it won't evade the immune system or evade the vaccine's response," he says.

Such is not the case with influenza, the virus that causes flu, and SARS-CoV-2, the virus that causes COVID-19.

COVID-19 has gone through an alphabet soup of strains, from the alpha to beta, delta, omicron, Pirola and Eris—and is still evolving.

"Even though we have so many people either having natural infection or who have been vaccinated, these viruses continue to mutate," Amiji says.

"We're making vaccines that are looking for the  in the virus and are basically teaching our  to look for the spike protein. But if the spike protein is mutating, then the vaccine efficacy starts to wane," he says.

Influenza mutates even faster, which is why there are new flu vaccine formulas every year and why 50% is considered a good efficacy rate, he says.

The combinations of antigenic proteins on the influenza surface, known as hemagglutinin and neuraminidase—the H and N in virus nomenclature—vary year to year and even within the , Amiji says.

The flu vaccine is "made up of a cocktail of these peptides," he says. "It's really a guessing game. There is no way of knowing which strain will be prevalent and which vaccines will work," he says.

That rate is making the flu vaccine a harder sell among the public.

The Centers for Disease Control and Prevention says during a year with a good match, vaccination reduces the risk of flu illness by between 40% and 60% among the overall population.

Consumer research shows "that many people believe flu vaccination doesn't work because of first- or second-hand experience where vaccination may not have prevented illness," the CDC says.

Concerned about drops in  among high-risk groups such as  and children during the COVID-19 pandemic, the CDC this fall came up with a new campaign—one that spotlights how the flu vaccine can reduce not only the risk of influenza but of potentially serious outcomes.

Called "Wild to Mild," the campaign pairs images of powerful and dangerous animals with innocuous counterparts—a raging bear with a teddy bear or a lion with a kitten, for instance.

"It's definitely a change in messaging," Maniar says.

"It's a clarification in what is being messaged," he says. "There has been sort of this prevailing idea that, "If I get the vaccine, I'm not going to get the flu." And we know that's not the case."

"There's a lot of empirical evidence to show what the vaccine really does is it reduces severity. It reduces the likelihood that someone is going to be hospitalized or even die from getting the flu," Maniar says.

The same is true with vaccination for COVID-19, he says.

"There are some individuals who after getting vaccinated will not get the flu or get COVID, because their immune systems have a more robust protection against the virus," Maniar says.

"But that's not the case for everyone. I think that's where managing expectations comes into play," he says.

The updated COVID vaccine—no longer called a booster by the FDA—targets the XBB.1.5 omicron strain prevalent this spring. Pfizer says the monovalent vaccine also addresses currently circulating offshoots of omicron, known as eris or EG.5, andpirola, BA.2.86.

"Vaccination remains right now our best strategy to not just ideally prevent but to have a benign type of infection, just basically a few chills and a sore throat," Amiji says.

"It would be great if you don't get infected. But even if you do get the infection it will be very mild, and you won't be hospitalized."

Improving the odds with universal shots

The flu virus undergoes both antigenic shifts and drifts, Amiji says.

The former is when hemagglutinin and neuraminidase undergo such huge changes the influenza vaccine is not effective at all. Drift is when slight modification occurs, he says.

There are glimmers of hope that both flu and COVID vaccines will become more effective in the future, Amiji says.

Using AI in pharmaceutical technology has led to preclinical studies showing the effectiveness of a universal mRNA  that covers more than dozen flu strains in a season, he says.

"The same concept is being applied to a universal COVID vaccine," Amiji says.

"They're not in the clinic yet," he says, but adds he wouldn't be surprised if they were on the market by next fall.

In the meantime, Amiji says he plans to get the updated COVID  and a flu shot this weekend.

"I would absolutely recommend that people get their flu and COVID vaccines as soon as possible," he says.

"As we get toward the winter season, and people start congregating with Thanksgiving holidays and Christmas holidays, the propensity for infection just increases."

https://medicalxpress.com/news/2023-11-vaccines-polio-measles-diseases-covid-.html

Best Practices in Trading Psychology: Consistency, Innovation, and Balance

 Traders I've observed over the years who have achieved consistent success display three important qualities:


1)  They trade with repeatable processes, so that their trades are planned and not reactive.  They have clear, structured ways of generating ideas, and they have clear structured ways of finding optimal expressions of their ideas; sizing positions based on those expressions; and managing the risk of those trades.  What we do repeatedly becomes relatively automatic:  it becomes part of us.  A great way to minimize emotional, reactive trading is to follow trading practices that are well-defined.  If we can capture what we do as a set of rules, we have the makings of a checklist that can guide our decision-making in the heat of the moment.  A huge part of developing as a trader is finding coaches/mentors who can guide you in the discovery of the trading processes best suited for you.  What are your personality strengths?  Your cognitive strengths?  Those will help determine how you generate ideas and manage the trades based on those.  Ideally, the rules and practices that comprise your planned trading are derived from your trading successes, not simply borrowed from others.  

2)  They are always finding new ways to win.  Consider a basketball team.  They practice a range of offensive plays and defensive alignments.  They might run the ball against one opponent; they might move from a zone defense to man-to-man for another.  A big part of coaching is helping a team adapt what they do best to exploit the opponent's vulnerabilities.  Similarly, markets are ever-changing and the drivers of market behavior shift over time.  The best traders evolve.  The goal is not simply to find a trade an "edge", but to exploit ever-changing edges in dynamic markets.  The best traders will explore and research, just like any successful company that conducts R&D to meet the needs of a changing marketplace.  Successful traders will push the comfort zone and look for advantages over time frames, markets, and strategies that are unfamiliar.  If we're not challenging and scaring ourselves periodically, we're not growing.  

3)  They achieve a balance between work and life.  Over the years, I've seen many successful traders burn out.  Their burnout is not necessarily limited to their trading; they sometimes blow up in their relationships or in their physical health.  It's romantic to think about work as our passion and being involved day and night in our quest for success, but that is not what makes for a sustained, successful career.  The goal is to find a lifestyle that sustains energy and passion over time.  That lifestyle typically includes activities for physical well-being and the emotional well-being of relationships.  It is not clear to me that we can sustain our love for markets and trading if we cannot sustain love in our lives.  It is not clear that we can sustain our energy and passion for trading if we cannot sustain physical energy in our lives.  An Olympic athlete knows the importance of staying in peak conditioning as part of training and preparing for success.  Each of us needs to find the peak conditioning in our lives that can sustain our best efforts in markets.

Approaching our trading in the right way is the best way to cultivate a positive trading psychology.  It's not that you'll magically trade better if you're in a better frame of mind.  Rather, you'll be in your optimal mindset when you approach trading the right way.  

Develop routines based on your strengths.  Push the boundaries in finding fresh opportunity.  Live a full life that maximizes your energy and mindset.  Identify what you do that is truly great and build upon that.  You are not meant for a life of mediocrity.  Have the vision to dream and the practical sense to pursue that dream, step by step


House Republican Introduces Bill To Block CCP Influence At State Department

 by Eva Fu and Frank Fang via The Epoch Times (emphasis ours),

House Homeland Security Committee Chairman Mark Green (R-Tenn.) is introducing a bill aimed at preventing the Chinese regime from influencing the State Department.

The bill, called the No CCP Consultants Act, would prohibit the secretary of state from entering into, renewing, or extending contracts relating to “advisory and assistance services” with certain entities, including the governments of China and Russia.

“We must guard against the Chinese Communist Party and its web of espionage,” Mr. Green said in a statement to The Epoch Times on Oct. 31.

His bill will safeguard sensitive materials handled by the State Department, he said.

The entities that the bill named include China’s military, the Chinese regime’s security and intelligence agencies, Chinese companies that the Treasury Department has sanctioned for supporting the "Chinese Military-Industrial Complex," and other ones that the Pentagon has listed as having links to the Chinese military.

The bill would bar State Department engagement with consultancy contractors that had worked with any such Chinese entities in the prior year. The legislation would also require contractors that seek to perform consulting services for the State Department to disclose information regarding work with covered entities in the five years prior.

Any Chinese entity “directly or indirectly” under the control of the CCP would also be banned, the bill states, as would any Russian state-owned entity and those facing U.S. sanctions over Ukraine.

“Anyone who has the CCP as a client better be aware of the kind of regime they’re getting into business with,” Mr. Green told The Epoch Times. “This regime regularly commits cyber attacks against the United States and does everything in its power to weaken us and our allies. The CCP has no qualms about spreading disinformation, propaganda, and outright lies. The kind of firm that wants to do business with the CCP should not be trusted to work for our State Department.”

Concerns about Chinese espionage drew international attention when a Chinese spy balloon flew over the United States in February, passing over a number of sensitive military bases.

The Chinese regime has also targeted the State Department in its intelligence collection. In a month-long state-backed operation in May, Chinese hackers stole about 60,000 emails from State Department officials at about the time Secretary of State Antony Blinken was engaging with Beijing for talks.

In a statement accompanying the bill’s introduction, Mr. Green said the Chinese regime is a “direct threat to our national security” that “[steals] our advanced technologies.”

“[Communist China] has its hand in our port cranes, our children’s phones through TikTok, land near military installations, our farmland, our supply chain, and the devaluation of the dollar,” he said.

Aside from sensitive materials, Mr. Green noted that the State Department also has in its possession classified intelligence and the data of millions of Americans through passports and visas. As a result, it would be “foolish” to allow any CCP-linked consultants close proximity to the State Department, according to the congressman.

Any consultant or firm which has worked for an adversarial government should have a stop sign put in its way when it comes to being retained by the State Department,” he said. “The stakes are too high.”

If enacted, the secretary of state, after consulting with the heads of federal executive agencies, including the homeland security secretary, would need to revise the State Department’s acquisition regulations, including policies to implement the ban against the covered entities.

In recent years, the Justice Department and the FBI have ramped up efforts to tackle Chinese infiltration, from bringing charges against American and Chinese researchers over alleged intellectual property theft to counterintelligence cases against former U.S. intelligence officials accused of sending secrets to the Chinese regime.

In 2013, a U.S. court sentenced a Chinese national, Liu Sixing, to 70 months in prison for illegally exporting U.S. military trade secrets to China. Mr. Liu stole thousands of electric files from his employer, ​​L-3 Communications, a New Jersey-based defense contractor. The files contained information on U.S. guidance systems for missiles, rockets, and drones.

Candace Marie Claiborne, a former State Department employee, was sentenced to 40 months in prison in 2019 for providing internal State Department documents to China in exchange for money and gifts. The documents she stole included topics ranging from economics to visits by dignitaries between China and the United States. 

In response to an inquiry from The Epoch Times, a State Department spokesperson said it does not comment on pending legislation.

https://www.zerohedge.com/geopolitical/house-republican-introduces-bill-block-ccp-influence-state-department

'How Hamas aims to trap Israel in Gaza quagmire'

 Hamas has prepared for a long, drawn-out war in the Gaza Strip and believes it can hold up Israel's advance long enough to force its arch enemy to agree to a ceasefire, two sources close to the organization's leadership said.

Hamas, which rules Gaza, has stockpiled weapons, missiles, food and medical supplies, according to the people, who declined to be named due to the sensitivity of the situation. The group is confident its thousands of fighters can survive for months in a city of tunnels carved deep beneath the Palestinian enclave and frustrate Israeli forces with urban guerrilla tactics, the people told Reuters.

Ultimately, Hamas believes international pressure for Israel to end the siege, as civilian casualties mount, could force a ceasefire and a negotiated settlement that would see the militant group emerge with a tangible concession such as the release of thousands of Palestinian prisoners in exchange for Israeli hostages, the sources said.

The group has made it clear to the U.S. and Israel at indirect, Qatar-mediated hostage negotiations that it wants to force such a prisoner release in exchange for hostages, according to four Hamas officials, a regional official and a person familiar with the White House's thinking.

Longer term, Hamas has said it wants to end Israel's 17-year blockade of Gaza, as well as to halt Israeli settlement expansion and what Palestinians see as heavy-handed actions by Israeli security forces at the al-Aqsa mosque, the most sacred Muslim shrine in Jerusalem.

On Thursday, U.N. experts called for a humanitarian ceasefire in Gaza, saying Palestinians there were at "grave risk of genocide". Many experts see a spiraling crisis, with no clear endgame in sight for either side.

"The mission to destroy Hamas is not easily achieved," said Marwan Al-Muasher, Jordan's former foreign minister and deputy prime minister who now works for the Carnegie Endowment for International Peace in Washington.

"There is no military solution to this conflict. We are in some dark times. This war is not going to be short."

Israel has deployed overwhelming aerial firepower since the Oct. 7 attack, which saw Hamas gunmen burst out of the Gaza Strip, killing 1,400 Israelis and taking 239 hostages.

The Gazan death toll has surpassed 9,000, with every day of violence fuelling protests around the world over for the plight of more than 2 million Gazans trapped in the tiny enclave, many without water, food or power. Israeli airstrikes hit a crowded refugee camp in the Gaza on Tuesday, killing at least 50 Palestinians and a Hamas commander.

Israeli Prime Minister Benjamin Netanyahu vows to wipe out Hamas and has rejected calls for a ceasefire. Israeli officials say they're under no illusions about what may lie ahead and accuse the militants of hiding behind civilians.

The country has braced itself for a "long and painful war", said Danny Danon, a former Israeli ambassador to the U.N. and ex-member of the Knesset foreign affairs and defense committee.

"We know at the end that we will prevail and that we will defeat Hamas," he told Reuters. "The question will be the price, and we have to be very cautious and very careful and understand that it's a very complex urban area to maneuver."

The United States has said now is not the time for a general ceasefire, though says pauses in hostilities are needed to deliver humanitarian aid.

HAMAS 'FULLY PREPARED'

Adeeb Ziadeh, a Palestinian expert in international affairs at Qatar University who has studied Hamas, said the group must have had a longer-term plan to follow its assault on Israel.

"Those who carried out the Oct. 7 attack with its level of proficiency, this level of expertise, precision and intensity, would have prepared for a long-term battle. It's not possible for Hamas to engage in such an attack without being fully prepared and mobilized for the outcome," Ziadeh told Reuters.

Washington expects Hamas to try to bog Israeli forces down in street-by-street combat in Gaza and inflict heavy enough military casualties to also Israeli public support for a drawn-out conflict, said the source familiar with the White House's thinking, who asked to remain anonymous to speak freely.

Israeli officials have nonetheless stressed to their American counterparts that they're prepared to confront Hamas' guerrilla tactics as well as withstand international criticism of their offensive, according to the person. Whether the country has the capability to eliminate Hamas or merely severely degrade the organization remains an open question, the source added.

Hamas has about 40,000 fighters, according to the sources at the group. They can move around the enclave using a vast web of fortified tunnels, hundreds of kilometers long and up to 80 meters deep, built over many years.

On Thursday, militants in Gaza were seen emerging from tunnels to fire at tanks, then disappearing back into the network, according to residents and videos.

The Israeli military says soldiers from its Yahalom special combat engineering unit have been working with other forces to locate and destroy tunnel shafts, during what a spokesman called a "complex urban fight" in Gaza.

Hamas has fought a series of wars with Israel in recent decades and Ali Baraka, the Beirut-based head of Hamas' External Relations, said it had gradually improved its military capabilities, particularly its missiles. In the 2008 Gaza war, Hamas rockets had a maximum range of 40 km (25 miles), but that had risen to 230 km by the 2021 conflict, he added.

"In every war, we surprise the Israelis with something new," Baraka told Reuters.

An official close to the Iranian-backed Lebanese movement Hezbollah, which is allied to Hamas, said the Palestinian militant group's fighting strength remained mostly intact after weeks of bombardment. Hezbollah has a joint military operation room in Lebanon with Hamas and other allied factions in a regional network backed by Iran, according to Hezbollah and Hamas officials.

CALLED FOR ISRAEL'S DESTRUCTION

Hamas, which is designated a terrorist movement by Israel, the US and the EU, called for the destruction of Israel in its 1988 founding charter.

In a subsequent document known as its 2017 charter, the group accepted for the first time the idea of a Palestinian state within the 1967 borders claimed by Israel after the Six Day War, although the group did not explicitly recognize Israel's right to exist.

Hamas official Osama Hamdan, who is based in Beirut, said the Oct. 7 attack and the unfolding Gaza war would put the issue of Palestinian statehood back on the map.

"It is an opportunity for us to tell them that we can make our destiny with our own hands. We can arrange the equation of the region in a way that serves our interests," he told Reuters.

Hamas gained leverage after the Oslo peace accord, agreed between Israel and the Palestinian Authority (PA) in 1993 to end decades of conflict, hit a wall. Netanyahu won power for the first time in 1996. Palestinians and the U.S. negotiators said his governments' refusal over the years to halt Jewish settlement building in the occupied West Bank undermined efforts to create a separate Palestinian state. Israeli officials in the past have denied settlements were an obstacle to peace and Netanyahu's current far-right coalition has taken an even harder line against ceding occupied land.

An Arab peace initiative, with broad international and unanimous Arab support, has been on the table since 2002. The plan offers Israel peace treaties with full diplomatic ties in exchange for a sovereign Palestinian state.

Netanyahu has instead opted for seeking an Arab Sunni alliance with Israel, made up of Egypt and Jordan – nations Israel has peace treaties with dating from 1979 and 1994 – as well as the United Arab Emirates, Bahrain, and Morocco. Before the Oct. 7 Hamas attack, he was in U.S.-brokered talks with Saudi Arabia to forge a landmark diplomatic deal as a united front against Iran, but that process has since been put on hold.

Muasher, the former Jordanian minister at Carnegie, said Hamas' attack had ended any possibility that Middle Eastern stability could be reached without engaging with Palestinians.

"It's clear today that without peace with the Palestinians you are not going to have peace in the region."

https://news.yahoo.com/hamas-aims-trap-israel-gaza-220318093.html

Other crypto bosses in US authorities' crosshairs

 Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry.

But he's not the only one in regulators' sights. As token prices plummeted last year, the sector saw other stunning meltdowns that put several industry moguls into authorities' crosshairs.

Investigations are not necessarily an indication of wrongdoing, and charges may not result in convictions. All the executives below have denied wrongdoing.

Changpeng "CZ" Zhao

The U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Zhao in June for allegedly operating "a web of deception." Binance and Zhao were also sued by the U.S. Commodity Futures Trading Commission in March for operating what the regulator alleged were an "illegal" exchange and a "sham" compliance program.

The SEC alleged that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. customers from its platform and misled investors about its market surveillance controls.

The company has said the SEC's lawsuit was "unjustified by the facts, by the law, or by the Commission's own precedent." Zhao, a billionaire who was born in China and moved to Canada at the age of 12, called the CFTC's complaint "unexpected and disappointing" and said it contained an "incomplete recitation of facts."

Do Kwon

A South Korean national, Do Kwon co-founded Terraform Labs and developed the TerraUSD and Luna currencies. The market value of TerraUSD and Luna was once estimated at more than $40 billion, and their downfall precipitated a wider collapse in token prices.

Kwon faces multiple charges of fraud in the U.S. and was arrested in Montenegro earlier this year for allegedly forging documents, authorities said. The SEC has also filed civil charges against Kwon and Terraform Labs, accusing the two of "orchestrating a multi-billion dollar crypto asset securities fraud."

Kwon has denied forging documents, according to a Montenegrin court press release. In an Oct. 30 court filing, Terraform said the "SEC is evidentiarily no closer to proving that the defendants did anything wrong."

Alex Mashinsky

The founder and former CEO of crypto lender Celsius Network's company filed for bankruptcy in July 2022.

He has pleaded not guilty to U.S. fraud charges that he misled customers and artificially inflated the value of his company's proprietary crypto token. In January, New York state's attorney general sued Mashinsky, also alleging fraud. A lawyer for Mashinsky at the time said he denied those allegations and "looks forward to vigorously defending himself in court."

Mashinsky also faces lawsuits from the SEC, the CFTC and the U.S. Federal Trade Commission (FTC) that allege he touted Celsius as safe even as the company took increasingly risky steps to deliver promised returns of as much as 17%.

Barry Silbert

Silbert is the boss of crypto group Digital Currency Group whose subsidiary Genesis Global Capital filed for bankruptcy in January.

He was sued by New York Attorney General Letitia James last month along with Genesis and DCG, alleging that they defrauded customers of more than $1 billion.

Silbert called the allegations baseless and said he would fight the lawsuit in court.

"Last year, my and DCG's goal was to help Genesis weather the storm... and position Genesis for success going forward. It is unfortunate that this lawsuit omits that fundamental fact," he said.

Stephen Ehrlich

Stephen Ehrlich's Voyager Digital is another casualty of last year's crypto meltdown. The CFTC and the FTC have accused him of misleading customers about the safety of their assets while taking "excessive risks" that led to the crypto lender's demise.

Ehrlich has said he was being used as a "scapegoat for the bad actions of others at different companies."

"Having spent nearly my entire career working in regulated markets, including more than 10 years at public companies, I have never had a single blemish on my record," he said in a statement last month.

Justin Sun

The SEC in March charged Chinese cryptocurrency entrepreneur Justin Sun and his companies including the Tron Foundation with fraud, accusing him of artificially inflating trading volume for his companies' crypto tokens and concealing payment to celebrities to promote those tokens.

Sun said in a post on social media platform X that the complaint "lacks merit."

Source: Reuters stories

https://www.marketscreener.com/news/latest/The-other-crypto-bosses-in-US-authorities-crosshairs-45239347/

Merck & co: Citi price target raised from USD 130 to USD 135.

 maintains its buy recommendation

https://www.marketscreener.com/quote/stock/MERCK-CO-INC-13611/

Insulet corporation: Canaccord Genuity reduces the target price from USD 355 to USD 175.

 maintains its buy recommendation

https://www.marketscreener.com/quote/stock/INSULET-CORPORATION-50468/