US companies getting refunds after the Supreme Court struck down President Donald Trump's import tariffs are using the temporary windfall in a range of creative ways. The refunds are being used to cover rising costs, supplement employee retirement accounts and repay debt. Some are sharing the bounty with vendors. And a number of consumer companies are beefing up their assortment of lower-priced products and offering deals to attract budget-conscious shoppers pinched by the rising cost of living. Companies in the Russell 3000 Index mentioned tariff refunds almost 1,000 times in earnings calls and filings in July, August and September, according to a Bloomberg News analysis, almost four times more than in the previous earnings season. Consumer discretionary and staples companies accounted for more than a third of the references, disclosing the receipt of close to $9.8 billon in refunds during that period. Roughly $166 billion was paid in tariffs under the International Emergenc...
China, still reeling from the devastating impact of the COVID-19 pandemic, now faces a new threat: a mysterious pneumonia outbreak sweeping through schools. This alarming situation, reminiscent of the early days of the COVID crisis, has led to a surge in hospitalizations, casting an ominous shadow over the country's healthcare system.
Hospitals in Beijing and Liaoning, 500 miles northeast, are struggling to cope with an influx of sick children, straining their resources to the breaking point. Local media reports suggest that school closures are imminent due to the outbreak. The affected children present with unusual symptoms, including lung inflammation and high fever, but noticeably lack the typical cough and other signs associated with flu, RSV, and other respiratory illnesses.
⚠️UNDIAGNOSED PNEUMONIA OUTBREAK—An emerging large outbreak of pneumonia in China, with pediatric hospitals in Beijing, Liaoning overwhelmed with sick children, & many schools suspended. Beijing Children's Hospital overflowing. 🧵on what we know so far:pic.twitter.com/hmgsQO4NEZ
— Eric Feigl-Ding (@DrEricDing) November 22, 2023
ProMed, an open-access surveillance platform that tracks worldwide disease outbreaks in humans and animals, issued an alert on Tuesday evening regarding an emerging epidemic of "undiagnosed pneumonia" particularly affecting children.
A ProMed alert issued in late December 2019 served as a critical early warning about a novel virus, subsequently identified as SARS-CoV-2, alerting a wide range of medical professionals and scientists, including high-ranking officials at the World Health Organization.
Watching this one closely...
— Isaac Bogoch (@BogochIsaac) November 22, 2023
Link: https://t.co/gxRuLe4y50 pic.twitter.com/WSm4W2wV1q
In an editor's note, ProMed said: "This report suggests a widespread outbreak of an undiagnosed respiratory illness... It is not at all clear when this outbreak started, as it would be unusual for so many children to be affected so quickly. The report does not say that any adults were affected, suggesting some exposure at the schools."
It is too early to project whether this could be another pandemic, but as a wise influenza virologist once said to me, "The pandemic clock is ticking; we just do not know what time it is."
from NDTV News- Special https://www.ndtv.com/world-news/mystery-child-pneumonia-sweeps-through-chinese-schools-leading-to-hospitalisations-4597996
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