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Deaths Approach 3 Million; Moderna Faces Shortfall: Virus Update Bloomberg 1 hr ago (Bloomberg) -- The U.S. has administered 200 million doses of Covid-19 vaccine as the rollout picks up pace. New York City Mayor Bill de Blasio is sticking to his call to start bringing city workers back to the office on May 3. Global fatalities from Covid-19 are nearing 3 million. The relentless pace of death continues unabated despite vaccination efforts and is increasingly borne by the world’s poorest places. Moderna Inc. said it will deliver fewer vaccines than planned to the U.K., Canada and other co...

Global Deaths Top 3 Million: Hong Kong Quarantine: Virus Update Bloomberg 3 hrs ago (Bloomberg) -- The toll from the Covid-19 pandemic exceeded 3 million, with the pace of global deaths accelerating, according to Johns Hopkins University data. Deaths are increasingly borne by the world’s poorest places. Moderna Inc. said it will deliver fewer vaccines than planned to the U.K., Canada and other countries this quarter due to a shortfall in doses in its European supply chain. Hong Kong quarantined residents in a building after a mutant strain was found, while Australia recorded its third de...

Australia Posts Third AstraZeneca-Linked Death: Virus Update Bloomberg 20 mins ago (Bloomberg) -- The U.S. has administered 200 million doses of Covid-19 vaccine as the rollout picks up pace, while Australia recorded its third death likely linked to the AstraZeneca vaccine. Global fatalities from Covid-19 are nearing 3 million as the relentless pace of death continues unabated despite vaccination efforts. Deaths are increasingly borne by the world’s poorest places. Moderna Inc. said it will deliver fewer vaccines than planned to the U.K., Canada and other countries this quarter due to a ...

How China Passed Up a Vaccine Opportunity and Fell Behind Bloomberg 2 hrs ago Bruce Einhorn (Bloomberg) -- The call came early in the Covid-19 pandemic. Drew Weissman, an infectious diseases professor at the University of Pennsylvania and an expert in messenger RNA, received a query from a Chinese company interested in using the new technology to make a vaccine against the coronavirus. mRNA, which effectively turns the body’s cells into tiny vaccine-making factories, has since become the breakout star of the Covid era, underpinning shots made by Moderna Inc. and the Pfizer...

The Forgotten Shipping Pallet Stages a Pandemic-Era Rally Bloomberg 5 hrs ago (Bloomberg) -- After carrying the weight of the global economy since World War II with little fanfare, the lowly shipping pallet is finally commanding some respect. Demand for the platforms used to haul nearly every consumer good or industrial ingredient is soaring amid a surge in e-commerce, forcing retailers and manufacturers to expand warehouses or pile inventories higher. At the same time, two keys to production -- cheap lumber and labor -- are scarce, and even nail costs are rising. The result: Pallet prices...