Dow Jones Rallies On Pfizer Vaccine News; Tesla Stock Rises After China Sales

The Dow Jones Industrial Average rallied 100 points early Wednesday, as Pfizer provided an update on the effectiveness of its vaccine vs. the omicron Covid-19 variant. Apple hit new highs, while Tesla stock dropped after reports of strong electric-vehicle sales in China.




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Among the Dow Jones leaders, Apple (AAPL) gained 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, while Microsoft (MSFT) fell 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in today’s stock market. Nike (NKE) also ticked 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} lower, still below a buy point despite Tuesday’s strong gain.

EV leader Tesla (TSLA) shed early gains and dropped 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday. EV peer Rivian (RIVN) was down 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while Lucid Group (LCID) moved down around 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) were mixed after Wednesday’s open.

Among the top stocks to buy and watch, Endeavor Group (EDR), Louisiana-Pacific (LPX), NXP Semiconductors (NXPI) and Zim Integrated Shipping (ZIM) are in or near new buy zones. Despite the recent stock market strength, investors should still be developing watchlists, and avoid making new purchases until the market’s current rally attempt stages a follow-through day.

Microsoft and Tesla are IBD Leaderboard stocks. Louisiana-Pacific was Tuesday’s IBD 50 Stocks To Watch pick. NXP was spotlighted in this week’s Stocks Near A Buy Zone story. Endeavor was featured in last week’s IPO Leaders story. Zim is an IBD SwingTrader stock.

Dow Jones Today: Pfizer Vaccine News

After the stock market open Wednesday, the Dow Jones Industrial Average pared gains to 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, as Honeywell International (HON) dragged on the index following a Bank of America downgrade. The S&P 500 rose 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while the tech-heavy Nasdaq composite reversed higher after early losses.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, while the SPDR S&P 500 ETF (SPY) gained 0.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

Elsewhere, the 10-year Treasury yield traded down to around 1.46{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday morning, following its close at 1.48{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Tuesday after two straight days of strong gains. Crude oil prices were lower, with West Texas Intermediate down about 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and on pace to snap a two-day advance.

Early Wednesday, Pfizer (PFE) and vaccine partner BioNTech (BNTX) said a third dose of their Covid-19 vaccine neutralized the omicron variant in lab tests. They also reported that the two-dose regimen was significantly less effective vs. the new variant than prior strains of the virus. Pfizer shares and BNTX shares both traded higher after the open.


Stock Market ETF Strategy And How To Invest


Stock Market Rally Attempt

The stock market posted strong gains Tuesday, as the major stock indexes continued their rebounds from last week’s weakness. Tuesday marked Day 2 of a new rally attempt on the Nasdaq. That is a positive sign, but means the market correction isn’t over yet — one or two days doesn’t make a trend. Starting at Day 4, you are looking for the index to rise sharply in higher volume than the prior day. That would indicate a follow-through day, and signal the start of a potential uptrend.

Now, while the market is still correcting, is a good time to search for stocks that could become the next uptrend’s leaders. One tool helpful in such a search is the relative strength line. The RS line measures a stock’s price performance vs. the S&P 500. If the stock is outperforming the broader market, then the RS line angles upward. If a stock is performing worse than the broad market, then the line will point lower.

After Tuesday’s session, The Big Picture commented: “With two solid gains this week, much of the stock market’s damage from the previous couple of weeks is patched up. The Nasdaq sank almost 8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from its Nov. 22 peak and is now 3.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from new highs.”

The stock market outlook was downgraded on Friday, so it’s an important time to read IBD’s The Big Picture.


Five Best Dow Jones Stocks To Watch Now


Dow Jones Stocks To Watch: Apple, Nike

Apple shares hit new highs Tuesday, rallying more than 3.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The stock is getting further extended past a 153.27 buy point out of a cup-with-handle base, according to IBD MarketSmith chart analysis. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy zone topped out at 160.93. Apple shares moved up 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, setting another all-time high.

Retail leader Nike remains about 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} below a cup base’s 174.48 buy point after Tuesday’s 1.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain. Shares fell 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Stock Market Earnings: Toll Brothers

Photronics (PLAB), Thor Industries (THO) and Lovesac (LOVE) were all making strong morning moves after reporting earnings early Wednesday.

Toll Brothers (TOL) reported better-than-expected fiscal fourth-quarter earnings and sales late Tuesday. Shares dropped more than 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday. TOL stock closed Tuesday in buy range past a 68.98 buy point, but is already extended above a 67.43 handle entry. That 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area topped out at 70.80.

Elsewhere, Stitch Fix (SFIX) dived 27{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday after cutting its revenue outlook for the fiscal year due to ongoing supply chain pressures. Shares closed Tuesday about 78{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their 52-week high.

Stocks To Buy And Watch: Endeavor, Louisiana-Pacific, NXP, Zim

IPO Leader and Ultimate Fighting Championship owner Endeavor Group is trying to break out past a cup-with-handle base with a 31.80 buy point, according to IBD MarketSmith chart analysis. Shares are about 3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} below the new entry after Tuesday’s breakout attempt. The stock was down about 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

The stock’s relative strength line is making strong upward progress and is at its highest level since early October. The RS line measures a stock’s price performance vs. the broad market. A strengthening RS line during periods of market weakness indicates leadership potential.

Louisiana-Pacific — Tuesday’s IBD Stocks To Watch pick — is breaking out past a 73.76 buy point in a cup with handle amid Tuesday’s 3.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} rise. Shares are in the 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy range that tops out at 77.45. LPX stock moved up 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Chip leader NXP Semiconductors is testing a 227.60 buy point in a cup-with-handle base following Tuesday’s 6.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} advance. The buy area goes up to 238.98. Shares were down over 6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday after UBS started coverage with a sell rating and a 170 price target.

IBD SwingTrader stock Zim Integrated Shipping is rapidly approaching a cup with handle’s 60.19 buy point following Tuesday’s 4.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} climb. Shares rallied 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.


Join IBD experts as they analyze leading stocks in the current stock market correction on IBD Live


EV Stocks: Li Auto, Xpeng, Lucid Motors, Rivian

Li Auto triggered the 7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}-8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss-cutting sell rule below a cup-with-handle base’s 34.93 buy point after Friday’s sharp loss. Shares are fighting to regain their 50-day line after finding support around the long-term 200-day moving average. Shares tacked on 0.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Xpeng Motors triggered the round-trip sell signal from a 48.08 buy point during last week’s decline. Investors should sell the growth stock if it falls back near the buy point after it has made a gain of more than 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Try to sell before all gains are wiped away. XPEV shares ended Tuesday above their 50-day support level. Wait for the stock to form a new base, which would offer a new entry. The stock moved up 0.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Lucid Motors shares threatened to extend a five-day losing streak Wednesday, falling 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. LCID stock remains extended past a 28.49 buy point in a cup-with-handle base, but huge gains have dwindled.

Hot initial public offering Rivian extended Tuesday’s 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} fall, dropping nearly 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Wednesday.

RIVN shares closed Tuesday about 35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their post-IPO highs. The decline is a potential positive for investors remaining disciplined and waiting for an IPO base to form before considering a purchase. The recent weakness is the start of Rivian’s first base formation, and Monday’s strong gain was a step in the right direction.

Tesla Stock

Tesla stock turned down 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, after Tuesday’s 4.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain as it rebounds from a key support level. Early Wednesday, the China Passenger Car Association reported that Tesla Shanghai sold 52,859 made-in-China Model 3 sedans and Model Y crossover SUVs in November, including 21,127 that were exported.

Shares traded as high as 1,243.49 on Nov. 4, but the stock ended Tuesday about 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high.

TSLA shares remain sharply above a 764.55 buy point in a cup with handle, as well as earlier entries at 700.10 and 730. The chart also showed an alternate entry at 900.50. Tesla shares are likely forming a new base, but there is no new buy point yet.

Dow Jones Leaders: Microsoft

Among Dow Jones stocks, software giant Microsoft moved down 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, as it fights to continue its rebound from the 50-day line.

On Oct. 18, Microsoft stock broke out past a flat base’s 305.94 buy point. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy zone topped out at 321.24, so the stock is extended.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

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News to Go – Two Special Elections Today on the Treasure Coast

News to Go – Two Special Elections Today on the Treasure Coast



I’ MMARK KELLY WITH YOUR NEWS TO GO. SO WE’RE GETTING A FIRST LOOK AT THE DISTURBING TEXT MESSAGES. OF FATHER SAYS AZUL’S POINT POLICE. OFFICER SENT TOIS H 15 YEAR OLD SON. JUAN GARCIA WAS JUST ARRESTED TWO WEEKS AGO CHARGED WITH FOUR COUNTS OF SOLICITATION OF A MINOR. THIS FEDERAL COMPLAINT SAYS THAT GA RCIA OFTEN ASKED THE TEEN FOR NUDE PICTURES VIDEOS AND ASKED TO MEETIM H FOR SEX RECORDS SHOW THE BOYS FATHER FOUND THOSE MESSAGES TURNHE T PHONE OVERO T POLICE AND NOW ACCORDING TO THE COMPLAINT GARACI CONFESSED TO EVERYTHING AND HAS BEEN SUSPENDED WITHOUT PAY FROM THE SEWALL’S POINT POLICE DEPARTMENT. ALL RIGHT, TWO SPECIAL ELECTIONS HAPPENING IN ST. LUCIE COUNTY TODAY PEOPLE IN FORT PIERC WEILL BE HEADING TO THE POLLS TO PICK A NEW CITY COMMISSIONER FOR DISTRICT 1. THAT’S IT BECAME AVAILABLE BECAUSE OF THE DEATH OF RUFUS BUSH ALEXANDER IN JULY. AND IMPORT ST. LUCIE VOTERS WILL FILL THE DISTRICT TEEHR CITY COUILNC SEAT THERE SHANNON MARTIN HELD THAT SEAT BEFORE SHE WAS ELECTED MAYOR IN SEPTEMBER NOW POLLS OPEN SEVEN THIS MORNING AND THEY’LL CLOSE SEVEN THIS EVENING. ALSO TODAY A FUNERAL WILL BE HELD FOR FORMERS U CONGRESSWOMAN. CARRY MEEK. SHE DIED LAST WEEK AT 95 LAST NIGHT FAMILY FRIENDS MANY OTHERS GATHERING AT MIAMI-DADE COLLEGE FOR AWAKE MEEK WAS THE GRANDCHILD OF A SLAVE AND A SHARECROPPER’S DAUGHTER WHO BECAME ONE OF THE FIRST BCKLA AMERICANS IN OUR STATE ELECTED TO CONGRESS SINCE RECONSTRUCTION. BROOKE ALRIGHT, THANK YOU MARK AND WELL TODAY’S GONNA BE A BEAUTIFUL DAY. HERE’S YOUR WEATHER TO GO TEMPERATURES ON THE RISE LOW 80S THIS AFTERNOON PLENTY OF SUNSHINE GO ARODUN THE EVENING LOOKING GREAT SEVENTIES STAYING DRY DRY ALL THROUGHOUT YOUR TUES

News to Go – Two Special Elections Today on the Treasure Coast

Mark Kelly and Brooke Silverang bring you today’s headlines.

Mark Kelly and Brooke Silverang bring you today’s headlines.

Why Tesla Stock Got Clobbered Today

What happened

Shares of Tesla ( TSLA -0.59{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} ) ran into a ditch Monday morning, sliding 4.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} as of 10 a.m. EDT on twin negative news items from Reuters and The New York Times.

So what

Let’s cover the more topical news from Reuters first. Remember how last week, Tesla stock got a brief pop, and investors had a chuckle, over news that Tesla was selling a limited edition “Cyberwhistle” shaped like its long-awaited (and still not here) Cybertruck? Well, today we learned what that inside joke was all about.

Turns out, a whistleblower within Tesla’s solar systems division (the artist formerly known as SolarCity) is alleging to the Securities and Exchange Commission that the company “failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years,” reports Reuters. The SEC is taking the allegations seriously and has opened an investigation. Although both the SEC and Tesla declined to comment, Reuters reports that the scale of the scandal could be significant, affecting “more than 60,000 residential customers in the U.S. and 500 government and commercial accounts.”  

Meanwhile, The New York Times is reporting that Tesla “may have undermined safety in designing its Autopilot driver-assistance system” for electric cars. This second report focuses on Elon Musk’s desire to have Autopilot rely exclusively on camera data to interpret its environment, rather than supplementing cameras with radar and lidar sensors as other car companies are trying to do. According to NYT, the National Highway Traffic Safety Administration is now investigating whether this decision might have contributed to “at least 12 accidents in which Teslas using Autopilot drove into parked fire trucks, police cars and other emergency vehicles.”  

NHTSA is also considering whether Musk may have misled car buyers into thinking that Autopilot’s “full self driving” (FSD) capability was what its name suggests — a fully autonomous system — when its actual capabilities were, in Musk’s own words, “not great.”

Lady looks askance at a red stock arrow going down

Image source: Getty Images.

Now what

How big a risk do these twin investigations pose to Tesla’s business? The SEC investigation, I suspect, will produce at most a fine from the agency and some reputational damage to Tesla’s relatively tiny energy generation and storage business, which, honestly, doesn’t produce a whole lot of profit for Tesla in any case. Of the two news items, I’d say it’s the less significant.

There’s greater risk of fines, recall costs, and reputational damage in the NHTSA investigation. But even there, well, with Tesla continuing to produce data showing that Tesla cars using Autopilot are crashing at a rate of only one accident per 4.41 million miles driven (versus a crash every 484,000 miles for ordinary drivers in ordinary cars), the data sure seems to suggest that — headlines notwithstanding — Autopilot increases driver safety by a factor of nine, rather than subtracting from it at all.  

With the stock down only a few percentage points, investors — while a bit nervous today — by and large seem to think that Tesla will come out of both of these investigations looking just fine.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Today’s coronavirus news: Ontario reports another 1,053 cases, eight deaths for Saturday; Outgoing Chancellor Angela Merkel makes final appeal for Germans to get vaccinated

The latest coronavirus news from Canada and around the world Saturday. This file will be updated throughout the day. Web links to longer stories if available.

10:57 p.m.: More cases of the Omicron COVID-19 variant were confirmed in Ontario on Saturday as the province recorded more than 1,000 new virus cases for the second day running.

The latest infections involving the variant of concern emerged in Hamilton and Peel Region, according to news releases from local authorities.

Officials said a Hamilton local resident who returned from travelling to South Africa recently tested positive for Omicron, while a second potential case is under investigation with sequencing results expected in the coming days.

It also noted that Hamilton Public Health Services is conducting case and contact management and the two individuals and their case contacts continue to self-isolate.

Read the full story here.

10:18 p.m.: Five people in Sydney have contracted the omicron variant locally, New South Wales health authorities said.

The cases are linked to two schools and a climbing gym in Sydney’s western suburbs, which may also be the source of a confirmed omicron infection in the Australian Capital Territory, NSW Chief Health Officer Kerry Chant said Sunday. Urgent genome testing is under way for a number of other cases linked to the venues and should be available in coming days, she said in a video update.

New South Wales state has confirmed 15 omicron infections and more are likely, Chant said. The outbreak was seeded from infected travelers on a flight from Doha who had been in southern Africa.

Separately, Australia will begin vaccinating young children starting early next year once authorities receive final approvals in the coming weeks.

9:41 p.m.: Ten people aboard a Norwegian Cruise Line ship approaching New Orleans have tested positive for COVID-19, officials said Saturday night.

The Norwegian Breakaway had departed New Orleans on Nov. 28 and is due to return this weekend, the Louisiana Department of Health said in a news release. Over the past week, the ship made stops in Belize, Honduras and Mexico.

More than 3,200 people are on board the ship, officials said.

According to the statement, Norwegian “has been adhering to appropriate quarantine and isolation protocols as new cases and exposures have been identified aboard this vessel.”

Prior to disembarking in New Orleans, each person on board will be tested for the coronavirus. Anyone who tests positive will either go directly home or self-isolate in accommodations provided by the cruise line, officials said.

Officials did not release any information about the conditions of those who have contracted the virus.

Cruise ships were an early source of outbreaks last year at the start of the coronavirus pandemic as some ships were rejected at ports and passengers were forced into quarantine. Some passengers died of COVID-19 at sea while others fell so ill they had to be carried out of the vessels on stretchers.

The U.S. Centers for Disease Control and Prevention issued a no-sail order in March 2020, prompting a standstill that ended last June as cruise ships began to leave U.S. ports with new health and safety requirements. According to Norwegian’s website, the company requires all passengers and crew members to have been vaccinated against the virus at least two weeks prior to departure.

8:55 p.m.: About 15 people who attended an animé convention in New York in November with a Minnesota man who later was found to have the omicron variant have also tested positive for the coronavirus, the man has told health officials in his state. It is uncertain whether any of those cases involved the omicron variant.

The man said that his friends — a group of about 30 people — had come from all over the country for the event, which was held Nov. 19-21. About half of them also later tested positive for the virus, he told the officials.

The man, officials said, was fully vaccinated and had gotten a booster just weeks before the convention. He has recovered from mild symptoms that began shortly after the convention ended and has provided health officials with names and contact information of several in his group. Because the friends live in other states, their names were forwarded to those states’ health departments. Details of their cases are not known.

The Minnesota man’s case was among the first reports of omicron in the United States, and it presented a worrisome possibility for health officials: Might the animé convention, which drew tens of thousands of people to the Jacob K. Javits Convention Center for three days, have been a vector for spreading the new variant, which scientists fear may be able to spread more quickly than any other variant?

After learning that the man had attended a large convention in New York, Kathy Como-Sabetti, manager of the COVID epidemiology section for the Minnesota Department of Public Health, said, “I kind of went, ‘Wow, well, this changes our story.’ This changes the picture of what we’re dealing with.”

At the Animé NYC conference, focused around a popular animation style that originated in Japan, attendees were fairly compliant about wearing masks, the man told officials. But some rooms were very crowded, at capacity, with crowds standing shoulder to shoulder, he said.

Convention attendees were required to provide proof that they had received at least one vaccine shot, and they had to wear masks, according to the convention website. The rules allowed entry “immediately after” a first dose. People are seen as having full vaccination protection two weeks after a second dose of a two-dose vaccine.

7:37 p.m.: Australia’s Parliament House will be closed to the public for the foreseeable future after a political staffer for Greens leader Adam Bandt tested positive for the coronavirus.

The staffer is fully vaccinated and tested positive upon return to Melbourne after attending parliament last week, a spokesperson for Bandt said in a statement. Other staffers have been cleared while Bandt, who is vaccinated, is isolating until he receives a result, according to the statement.

Given the positive result, officials “have decided that Parliament House should close to the public until further notice,” the Department of Parliamentary Services said in a separate statement. Authorities said they are investigating possible close contacts, exposure locations in parliament as well as in the broader community.

The Australian Capital Territory, home to capital Canberra, recorded six cases on Sunday, a health department spokeswoman said by phone. Neighboring New South Wales state found 286 new virus cases, while Victoria state recorded 980 new infections, according to separate statements on Twitter.

6:06 p.m.: A rush of vaccine-seeking customers and staff shortages are squeezing drugstores around the U.S., leading to frazzled workers and temporary pharmacy closures.

Drugstores are normally busy this time of year with flu shots and other vaccines, but now pharmacists are doling out a growing number of COVID-19 shots and giving coronavirus tests.

The push for shots is expected to grow more intense as President Joe Biden urges vaccinated Americans to get booster shots to combat the emerging omicron variant. The White House said Thursday that more than two in three COVID-19 vaccinations are happening at local pharmacies.

And pharmacists worry another job might soon be added to their to-do list: If regulators approve antiviral pills from drugmakers Merck and Pfizer to treat COVID-19, pharmacists may be able to diagnose infections and then prescribe pills to customers.

“There’s crazy increased demand on pharmacies right now,” said Theresa Tolle, an independent pharmacist who has seen COVID-19 vaccine demand quadruple since the summer at her Sebastian, Florida, store.

5:46 p.m.: The U.K. will require all travelers to take a pre-flight COVID-19 test within 48 hours prior to their flight regardless of their vaccine status, a surprise government move that prompted a swift and angry reaction from the airline industry.

The measure, which takes effect on Dec. 7, will be temporary and be reviewed as the omicron outbreak develops, Health Secretary Sajid Javid said. More than 150 people across the U.K. have been identified with the new variant.

Travelers will be allowed to take either an instant test or a PCR test. After omicron was detected in the U.K. a week ago, the government added a required PCR test within two days of arrival, requiring travelers to self-isolate until they received a negative result.

The risk of a second lost winter has already tanked shares of airline stocks, with the Bloomberg EMEA Airline Index losing 18 per cent in November, its worst monthly performance in more than a year.

4:43 p.m.: As the number of confirmed cases of the omicron coronavirus variant rose to 160 in Britain, the government Saturday announced further tightening of travel restrictions to combat its spread. Beginning Tuesday, travelers will be required to take a coronavirus test within 48 hours of traveling to Britai…

As the number of confirmed cases of the omicron coronavirus variant rose to 160 in Britain, the government Saturday announced further tightening of travel restrictions to combat its spread.

Beginning Tuesday, travelers will be required to take a coronavirus test within 48 hours of traveling to Britain regardless of their vaccination status and restrictions will be placed on travelers from Nigeria, the country’s health secretary said in a statement. Nigeria announced Wednesday that it had detected the variant in three travelers who arrived from South Africa in November, according to Dr. Ifedayo Adetifa, director-general of the Nigeria Center for Disease Control.

The two additional measures being imposed by Britain are the latest to come after a week of heightened concern led to the introduction of a number of restrictions intended to slow the incursion of the omicron variant.

At the moment, travelers are required to self-isolate and take a coronavirus test on the second day after arriving. If that test is negative, they can end their isolation. If not, they are expected to remain in self-isolation until they do get a negative result.

4:22 p.m.: The major of Rio de Janeiro canceled plans for the city’s New Year’s Eve celebrations following advice from the state that they weren’t safe to go ahead as the first cases of the omicron variant were reported in Brazil.

“We respect science,” Mayor Eduardo Paes wrote on his Twitter account Saturday. “The City Council says it can go ahead. The State’s says no. So it can’t. We will thus cancel the official New Year’s Eve celebration in Rio.”

Paes said there was no way to organize the celebrations without a guarantee from all health authorities. The party “will be missed, but the important thing is that we continue vaccinating and saving lives,” he said.

Rio de Janeiro Gov. Claudio Castro said on his Twitter account that he’ll meet Paes next week to make a final decision on the issue.

Brazil has reported 22.1 million COVID-19 cases, with 10,627 confirmed in the last 24 hours, according to Health Ministry data. More than 20 capitals have canceled their New Year’s Eve events amid concerns regarding the omicron variant, Exame reports, citing official statements.

4:08 p.m.: One more case of the Omicron COVID-19 variant was confirmed in Ontario on Saturday as the province recorded more than 1,000 new virus cases for the second day running.

The latest infection involving the variant of concern emerged in Hamilton, according to a news release from the city. Officials said one local resident who returned from travelling to South Africa recently tested positive for Omicron, while a second potential case is under investigation with sequencing results expected in the coming days.

It also noted that Hamilton Public Health Services is conducting case and contact management and the two individuals and their case contacts continue to self-isolate.

“As we have since the beginning of the COVID-19 pandemic, Hamilton Public Health Services follows up directly with all individuals diagnosed with COVID-19 and their close contacts,” the release reads. “Hamilton Public Health Services is working with the Province of Ontario and Public Health Ontario to monitor COVID-19 variants of concern including Delta and Omicron and will take strong action if necessary.”

Canada’s first known cases of the Omicron variant emerged last week when two positive tests were confirmed in Ottawa.

3:36 p.m.: New York announced three more cases of the omicron variant of the coronavirus Saturday, bringing the number of state cases linked to the new variant to eight.

“The omicron variant is here, and as anticipated we are seeing the beginning of community spread,” state Health Commissioner Mary Bassett said in a news release.

The number of states finding the variant is growing as well, with authorities in New Jersey, Georgia, Pennsylvania and Maryland reporting their first confirmed cases Friday, and Missouri reporting its first presumed case.

The variant also has been detected in Nebraska, Minnesota, California, Hawaii, Colorado and Utah.

In New York, seven of the cases have been found in New York City, once a global epicenter of the pandemic, and the other in Suffolk County.

The arrival of omicron comes as hospitals statewide continue to strain under a surge in coronavirus cases, most traced to the delta variant, along with staffing shortages.

The number of people testing positive statewide each day for the virus has doubled in the last 30 days.

Gov. Kathy Hochul in recent days has authorized the Health Department to limit nonessential, non-urgent procedures at hospitals close to running out of beds and deployed National Guard teams to relieve healthcare workers at facilities dealing with staffing issues and surging caseloads.

Fifteen members of the National Guard arrived at Monroe Community Hospital in Rochester on Saturday, WROC reported. Lt. Gov. Brian Benjamin said Wednesday the state would send 13 National Guard teams to the western New York county, where County Executive Adam Bello has declared a state of emergency.

3:15 p.m.: Health officials in New Brunswick are reporting 77 new cases of COVID-19 on Saturday as the province prepared to enter the first phase of its so-called winter action plan.

The province will enter Level 1 of the plan as of Sunday, which is the least restrictive of the three tiers.

Among other things, masking will be required outdoors when physical distancing cannot be maintained.

Physical distancing will also be mandatory in indoor public spaces that do not require proof of vaccination, such as retail stores, malls, salons and spas.

A maximum of 20 people is permitted for informal indoor household gatherings, and 50 for informal outdoor gatherings.

And it is recommended that unvaccinated individuals who are eligible to be vaccinated should not attend household gatherings.

The province’s number of active COVID-19 cases stood at 722 as of Saturday, which included 51 people in hospital — 16 of them in intensive care.

Eighteen of the hospitalized patients were initially admitted for other reasons and contracted COVID-19 due to outbreaks at hospitals in Moncton, Saint John and Miramichi.

3:14 p.m.: Chile on Saturday reported its first case of the omicron variant of the coronavirus.

A foreign national residing in Chile returned from Ghana on Nov. 25 and tested positive in a PCR test at the Santiago airport, according to authorities.

The foreigner, who had two Pfizer vaccines, is in good health and in quarantine, while other passengers on the flight he was on were being monitored, health officials in Valparaíso said in a statement.

12:22 p.m.: A Hamilton resident who recently returned from travelling to South Africa has tested positive for the COVID-19 Omicron variant, the city of Hamilton said in a news release Saturday.

The resident is one of two people under investigation by the city’s Public Health Services.

Testing results for the second case are expected in the coming days.

The statement from the city said the two individuals and their case contacts are self-isolating.

11:47 a.m.: Quebec is reporting another jump in COVID-19 cases today with 1,512 infections and one further death attributed to the virus.

The Health Department says 225 people are hospitalized, a drop of five, including 60 people listed in intensive care, an increase of three patients.

The province hasn’t reported more than 1,500 daily infections since mid-April, and the seven-day average for new cases is 1,089.

More than half of the new cases were among people who were either unvaccinated or less than two weeks removed from receiving their first dose of vaccine.

Quebec has reported 453,380 COVID-19 cases and 11,586 deaths since the beginning of the pandemic.

Due to a technical error, the province was not able to provide an update on vaccinations today.

10:49 a.m.: Rio de Janeiro on Saturday canceled its New Year’s Eve party due to renewed COVID-19 fears.

Rio Mayor Eduardo Paes announced the decision on social media.

Paes had previously promised the biggest New Year’s Eve party ever, with multiple firework displays and artists performing on a dozen stages across the city. He said there is no decision about Carnival taking place in March.

The yearly celebration on Copacabana beach has in the past gathered more than one million locals and tourists.

Other Brazilian cities, including Sao Paulo and Salvador, have also canceled New Year’s Eve celebrations due to fears of the omicron variant,. So far, the Ministry of Health has confirmed five omnicron cases in Brazil.

9:51 a.m.: Ontario is reporting another 1,053 cases and eight deaths on Saturday.

Individuals who are not fully vaccinated represent 23.4 per cent of Ontario’s total population, amounting to 494 of Ontario’s 1,053 new reported cases, and 60 cases are in individuals with an unknown vaccination status.

The current seven-day average is 894 cases per day, which is up 22.7 per cent in a week, or a doubling pace of every 24 days.

Additionally, in the province 23,913,372 vaccine doses have been administered — 90.0 per cent of Ontarians aged 12+ have had one dose and 87.3 per cent have had two doses.

There are 284 people hospitalized with the virus, of which 220 are not fully vaccinated or have an unknown vaccination status and 64 are fully vaccinated.

In the ICU there are 160 people due to COVID-19 — 136 are not fully vaccinated or have an unknown vaccination status and 24 are fully vaccinated.

8:08 a.m.: Public Health Sudbury and Districts says it is pulling out all the stops to help curb the rapid spread of COVID-19 cases in local schools.

With more than 3,000 vaccination appointments booked in the Sudbury and Manitoulin districts for children aged five to 11 and hundreds of rapid antigen screening kits distributed to students this week, there is hope that cases will decrease ahead of the Christmas break.

Although it’s too early to tell if these “additional layers of protection” are doing the trick, a health promoter at Public Health said she is confident these measures will help protect the school community.

Joëlle Martel added the local response to these programs have been positive so far and the health unit has been on hand to answer any questions that parents/guardians might have.

“Right now, the goal is to keep kids in school,” said Martel, who works in Public Health’s school health, vaccine preventable diseases, and COVID prevention division.

“If we start seeing cases go down and the trend holds steady, then we can slowly start to remove some of those measures, but our goal remains to keep kids in school as much as possible.”

Saturday 8 a.m.: Outgoing Chancellor Angela Merkel on Saturday made what is likely her final appeal before leaving office next week for Germans to get vaccinated against COVID-19.

Merkel gave what is expected to be her last weekly video message two days after federal and state leaders decided on a series of measures meant to break a wave of coronavirus infections.

The measures include excluding unvaccinated people across the country from non-essential stores, restaurants and sports and cultural venues. In a longer-term move, Parliament will consider a general vaccine mandate.

At least 68.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of Germans are fully vaccinated against the coronavirus, short of the government’s aim of a minimum 75{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} vaccination rate. The number of unvaccinated residents has been blamed as a key factor in a surge of new virus cases in recent weeks.

Official figures suggest that the infection rate may now be stabilizing, but at too high a level.

Read Friday’s coronavirus news.

Could common cold viruses protect against COVID-19?

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Commuters at London King’s Cross railway station on Monday, July 19, 2021. Jason Alden/Bloomberg via Getty Images
  • Other strains of human coronaviruses, such as those that cause the common cold, circulated through the human population before the emergence of SARS-CoV-2, which is responsible for COVID-19.
  • Understanding the immune response to coronaviruses that existed before the pandemic and the current SARS-CoV-2 virus may be a gateway to better understanding protective immunity to COVID-19.
  • A recent study asks whether exposure to pre-pandemic coronaviruses might protect against COVID-19.

Scientists at the University of Zurich (UZH) in Switzerland recently performed an analysis demonstrating a higher level of immunity against COVID-19 in people who had been exposed to coronaviruses circulating before the pandemic.

Prof. Alexandra Trkola, lead researcher and head of the Institute of Medical Virology at UZH, and her colleagues reported their findings in Nature Communications.

The study monitored antibody response to SARS-CoV-2 to uncover correlations with vaccine protection, disease severity, and susceptibility to infection.

The researchers also compared immune responses against SARS-CoV-2 with those against pre-pandemic coronaviruses, known as HCoVs. The four types of HCoVs that cause the common cold collectively account for around 10–15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of adult infections and 2–6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of all hospital admissions for lower respiratory tract infections.

“Our study shows that a strong antibody response to human coronaviruses increases the level of antibodies against SARS-CoV-2. So someone who has gained immunity to harmless coronaviruses is therefore also better protected against severe SARS-CoV-2 infections,” says Prof. Trkola.

When an immune response against one coronavirus creates immune protection against a different virus, health experts call it cross-reactivity.

The researchers analyzed serum samples from 825 participants taken before the pandemic, and assessed their immune responses to four of these HCoVs.

They also analyzed 389 serum samples from individuals who tested positive for SARS-CoV-2.

The scientists found that the people who contracted SARS-CoV-2 had lower levels of antibodies against HCoVs than the individuals who did not contract SARS-CoV-2.

Also, the people with higher levels of antibodies against HCoVs who did contract SARS-CoV-2 were less likely to need hospital treatment.

Rachel Roper, Ph.D., a professor of microbiology and immunology at East Carolina University in Greenville, NC, told Medical News Today:

“I suspected that preexisting immunity to other human coronaviruses that cause colds would affect responses to SARS-CoV-2, but we didn’t have the data until now. These researchers show convincing evidence that preexisting immunity to other human coronaviruses gives some protection against infection with SARS-CoV-2, as well as [the] development of severe disease.”

“These data partly explain why some individuals have very mild or asymptomatic infections, while others develop severe disease,” she continued.

Dr. Roper went on to say, “In addition, the data show that having an immune response to other coronaviruses helps increase the immune response to COVID-19 vaccines.”

Beyond the antibody response, she explained how “these data also suggest that T lymphocytes may respond similarly and provide some level [of] cross-protection.”

“Of course, immune responses targeting SARS-CoV-2 that are mounted by the memory cells are far more effective than cross-reactive responses. But even though the protection isn’t absolute, cross-reactive immune responses shorten the infection and reduce its severity. And this is exactly what is also achieved through vaccination, just much, much more efficiently,” says Dr. Trkola.

B lymphocytes — a type of white blood cell — produce antibodies. They form memory cells that remember the pathogen for faster antibody production in future infections.

People’s immunity to SARS-CoV-2 is most robust soon after recovering from an infection or receiving a vaccination. This immunity occurs when antibody levels against the virus are still high. As these levels begin to drop, protection against the virus diminishes.

At this point, the process known as immunological memory can quickly reactivate the body’s production of antibodies and T cells and confer renewed immunity against the circulating viruses.

Dr. Roper went on to say, “These data give us a reason to be grateful for catching the colds caused by the other human coronaviruses!”

Whether the cross-reactivity of antibodies on antigens revealed in this study works in the opposite direction is still unknown. Does immunity to the SARS-CoV-2 virus also confer immunity against weaker forms of the coronavirus?

MNT spoke with Dr. David Smith, MAS, FACP, from University of California San Diego Health in La Jolla, who discussed the study’s clinical implications. He stated, “It’s hard to directly interpret these data through a clinical lens. The study does suggest that more related coronavirus immunity helps with SARS-CoV-2 immunity.”

“This gives me hope that COVID-19 vaccines should continue to help protect [against] variants that continue to develop, but, of course, clinical studies will need to assess such speculation and hope.”

Confirmed US omicron cases up; Biden’s winter plan: COVID news