Bitcoin Dips on Dollar, Fed Hopes

Bitcoin Dips on Dollar, Fed Hopes

Bitcoin (BTC/USD) Analysis

Aggressive Fed rate hike hopes, strong dollar weighs on bitcoin

Key Highlights

BTC declined below $40,000 on long liquidation in the futures market. The strength in the US dollar in hopes of aggressive rate hikes has also put pressure on risky assets like Bitcoin.

Technical Analysis

Intraday trend – Bearish

On the daily chart, the pair is trading below Tenken-Sen ($41334), Kijun-sen ($43726), and Ichimoku Kumo cloud ($40956). Bitcoin hit an intraday low of $38,547 and is currently trading around $38,892.

Major support is seen at $37,000, any breach below this level confirms further weakness. A dip to $34,000 / $30,000 is possible.

The immediate resistance is around $41,500, any surge past targets $42,700 / $43,500 / $44,000 / $46,000 / $48,235.

RSI- Bearish

A possible strategy could be sell on rallies around $41,500-600 with SL around $43,500 for TP of $37,000.

ETHUSD Daily Outlook

Key Highlights

Ethereum’s price held below $3,000 on major sell-off in crypto markets. It hits a low of $2,880 and is currently trading around $2,892.

On the daily chart, the pair is trading below Tenken-Sen ($3,129), Kijun-sen ($3,251), and above Ichimoku Kumo cloud ($2,792).

Major support is seen at $2,865, any daily close below this level confirms the start of a minor bearish trend. A dip till $2,800 / $2,490 is likely.

The immediate resistance is around $3,045, any break above will take the pair to $3,160 / $3,200 / $3,310.

RSI- Bearish

A possible option could be short on rallies around $3,000 with SL around $3,160 for TP of $2,350

Crypto chart apr18
Cryptocurrency chart for April 18: BTC, ETH, XRP, Cardaro
TradingView

XRP/USD Outlook

Intraday trend- Bearish

Key support- $0.70, $0.50

Key Resistance- $0.8000, $0.9150

XRP’s price regained above $0.7500 and hits a high of $0.79923. The pair is holding well below short and long-term moving averages, it is currently trading around $0.73577. Short-term trend reversal only if it breaches $0.9200.

A possible strategy could be sell on rallies around $0.7500 with SL around $0.800 for a TP of $0.6000.

ADA/USD Outlook

Intraday trend- Bearish

Key support-$0.80, $0.70

Key Resistance- $1.30

ADAUSD continues to trade weak for the third consecutive week. Any breach below $0.740 confirms a bearish continuation, a dip to $0.60/$0.50 is possible. It is currently trading at around $0.88. Short-term trend reversal only if it breaks $1.57.

A possible strategy could be short on rallies around $1 with SL around $1.20 for a TP of $0.60.

Bitcoin Support / Resistance

Resistance

R1- $41,700
R2- $42,700
R3- $43,500

Support

S1- $37,000
S2- $34,000
S3- $30,000

Ethereum Support / Resistance

Resistance

R1- $3045, R2- $3160, R3- $3275

Support

S1- $2860, S2- $2800, S3- $2700

See more at the Newsweek Cryptocurrency Index:

The content of this article is for informational purposes only and does not constitute financial or investment advice. It’s important to perform your own research and consider seeking advice from an independent financial professional before making any investment decisions.

Bitcoin keyboard
Novelty Bitcoin tokens placed on a computer keyboard.
Getty Images

NBA Playoff games today 2022: Live scores, TV schedule & more to watch Monday’s matchups

NBA Playoff games today 2022: Live scores, TV schedule & more to watch Monday’s matchups

After a wild weekend of postseason action, each NBA Playoff team has played at least one game of its first-round series.

The top seeds in the Eastern Conference all maintained home-court advantage, as the Heat, Celtics, Bucks and 76ers captured Game 1 wins. Miami and Philadelphia dominated their opponents, while Milwaukee and Boston managed to escape with hard-fought victories.

Over in the Western Conference, the Suns and Warriors handled their NBA Playoff openers without much drama, but the Grizzlies and Mavericks both dropped Game 1 of their series. They will now look to avoid falling into 2-0 holes against the Timberwolves and Jazz, respectively.

Here’s everything you need to know about watching NBA Playoff games, including a complete TV schedule with updated start times and channels.

NBA Playoff games today

Here’s the full schedule of NBA Playoff games for Monday, April 18. There are three games on the docket with the 76ers, Jazz and Warriors all looking to take 2-0 series leads.

April 18 schedule

Game Time (ET) TV channel
Raptors vs. 76ers 7:30 p.m. TNT
Jazz vs. Mavericks 8:30 p.m. NBA TV
Nuggets vs. Warriors 10 p.m. TNT

Check out SN’s live scoreboard for stats and more.

NBA Playoff bracket 2022

NBA Playoff Bracket 2022

How to watch NBA Playoff games

NBA Playoff games will once again be broadcast on ABC, ESPN, NBA TV and TNT. Every NBA Finals game will be shown exclusively on ABC.

The primary outlets for live streaming 2022 NBA Playoff games are Watch ESPN and Watch TNT, both available on desktop and by downloading the mobile apps.

Viewers in the U.S. can stream every NBA Playoff game live on SLING TV. With the SLING Orange Sports Extra package, get $10 off your first month now with access to ESPN, ESPN2, ESPN3, TNT and NBA TV. NBA Playoff games on ABC are simulcast on ESPN3, which is included with SLING Orange, available for $35 per month including $25 the first month for new subscribers.

MORE: Watch the NBA Playoffs on Sling TV

NBA Playoff schedule 2022

Here is the full playoff schedule for the rest of this week. All games are on TNT, ESPN, ABC and NBATV.

April 19

Game Time (ET) TV channel
Hawks vs. Heat 7:30 p.m. TNT
Timberwolves vs. Grizzlies 8:30 p.m. NBA TV
Pelicans vs. Suns 10 p.m. TNT

April 20

Game Time (ET) TV channel
Nets vs. Celtics 7 p.m. TNT
76ers vs. Raptors 8 p.m. NBA TV
Bulls vs. Bucks 9:30 p.m. TNT

April 21

Game Time (ET) TV channel
Grizzlies vs. Timberwolves 7:30 p.m. TNT
Mavericks vs. Jazz 9 p.m. NBA TV
Warriors vs. Nuggets 10 p.m. TNT

April 22

Game Time (ET) TV channel
Heat vs. Hawks 7 p.m. ESPN
Bucks vs. Bulls 8:30 p.m. ABC
Suns vs. Pelicans 9:30 p.m. ESPN

April 23

Game Time (ET) TV channel
76ers vs. Raptors 2 p.m. TNT
Mavericks vs. Jazz 4:30 p.m. TNT
Celtics vs. Nets 7:30 p.m. ESPN
Grizzlies vs. Timberwolves 10 p.m. ESPN

April 24

Game Time (ET) TV channel
Bucks vs. Bulls 1 p.m. ABC
Warriors vs. Nuggets 3:30 p.m. ABC
Heat vs. Hawks 7 p.m. TNT
Suns vs. Pelicans 9:30 p.m. TNT

Shanghai Reports First COVID-19 Deaths Of Latest Outbreak : NPR

Shanghai Reports First COVID-19 Deaths Of Latest Outbreak : NPR

In this photograph introduced by China’s Xinhua Information Agency, a clinical worker disinfects yet another right after getting samples for COVID-19 exams in a household spot in Shanghai, China, Saturday, April 16.

Jin Liwang/AP


conceal caption

toggle caption

Jin Liwang/AP


In this photograph unveiled by China’s Xinhua Information Agency, a health-related employee disinfects an additional soon after taking samples for COVID-19 tests in a household space in Shanghai, China, Saturday, April 16.

Jin Liwang/AP

BEIJING (AP) — Shanghai authorities on Monday reported the first COVID-19 deaths of the hottest outbreak in China’s most populous and wealthiest metropolis.

All three who died were aged, experienced underlying conditions these types of as diabetes and hypertension and experienced not been vaccinated versus the coronavirus, city Wellbeing Fee inspector Wu Ganyu told journalists.

“Just after moving into clinic, their problems grew worse and they died soon after makes an attempt to help you save them ended up unsuccessful,” Wu reported.

The deaths raise to 4,641 the range of people today China suggests have succumbed to the disease considering that the virus was very first detected in the central city of Wuhan in late 2019.

Most of Shanghai’s 25 million people are becoming confined to their properties for a third 7 days as China continues to make use of a “zero-tolerance” tactic to curb the outbreak, demanding isolation of any person quite possibly contaminated.

China on Monday mentioned 23,362 persons had tested beneficial for the virus above the former 24 hours, most of them showing no signs and symptoms and nearly all of them in Shanghai.

The town has reported extra than 300,000 cases since late March. Shanghai began easing limitations previous 7 days, although officials have warned the town would not have its outbreak below management.

Shanghai, which is home to China’s largest port and most vital inventory trade, appeared unprepared for such a large enterprise.

Citizens ran limited of foods and everyday necessities while enduring lockdown ailments, and tens of hundreds of folks put beneath healthcare observation have been sequestered in crowded facilities wherever lights are generally on, garbage bins overflow, meals is inadequate and warm showers nonexistent.

Any person who exams positive but has handful of or no signs is necessary to invest just one 7 days in a quarantine facility.

Concerns have risen about the economic impression of the government’s hardline policy.

China’s economic expansion edged up to a even now-weak 4.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} about a year before in the 1st a few months of 2022 as lockdowns cut output in key industrial towns. Formal facts showed growth accelerated from the earlier quarter’s 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

While the ruling Communist Celebration has urged additional targeted avoidance steps, local officers have routinely adopted stringent polices, possibly for worry of staying fired or penalized above outbreaks in their areas.

In the metropolis of Wenzhou, which has viewed only a handful of conditions, authorities have licensed rewards of up to 50,000 yuan ($7,800) for details about people today who falsify their overall health standing, on-line information web-site The Paper noted.

Tigers Take Series in Comeback Fashion

Tigers Take Series in Comeback Fashion

COLUMBIA, Mo. – University of Missouri baseball scored eight times in the third inning to rally from a six-run deficit and take the series with a 10-6 win over Kentucky on Saturday afternoon at Taylor Stadium.

Sophomore Ross Lovich started the Tigers’ eight-run third with a walk and capped it with a two-run single as part of his 2-for-3, three-RBI day. Torin Montgomery added a 2-for-3 afternoon with a pair of RBI while Luke Mann also drove in two runs to help Mizzou (21-12, 5-10 SEC) pick up a crucial series win.

On the mound, Carter Rustad (3-1) dazzled out of the bullpen with a season-long 4.2 innings of work. The right-hander shut down the Kentucky (21-15, 5-10 SEC) bats after the ‘Cats jumped to the 6-0 lead. Rustad struck out five and walked just two while surrendering three hits to pick up the win. 

IMPACT INNING

Trailing 6-0, Mizzou sent 13 men to the plate in an eight-run third inning to stun the Wildcats. A Lovich walk and Josh Day hit-by-pitch put two aboard for Trevor Austin who laid down a bunt single to load the bases. Mann opened the scoring with a two-run single a batter later to cut the deficit to 6-2. A wild pitch moved two Tigers into scoring position for Montgomery who singled up the middle to make it 6-4.

Singles from Fox Leum and Nander De Sedas reset the table with bases loaded and one out. Ty Wilmsmeyer followed with an RBI walk before Lovich delivered a two-run single through the right side to put Mizzou in front 7-6. A double steal by Lovich and Wilmsmeyer capped the scoring and gave the Tigers all they would need to take the rubber game.

TOP TIGERS

Carter Rustad: 4.2 IP, 3 H, 0 R, 2 BB, 5 K

Ross Lovich: 2-for-3, 3 RBI, R

Torin Montgomery: 2-for-4, 2 RBI, R

IN THE NOTES

  • Mizzou’s eight-run third inning marked the second time this season the Tigers scored eight in a frame. The previous occurrence came March 15 against Saint Louis.
  • Ian Lohse worked a clean 1.1 innings to close the game. He struck out a pair without allowing a baserunner.
  • Fox Leum stayed hot with a 2-for-3 day at the plate and two runs scored. The designated hitter has a knock in four-straight games.
  • The six-run deficit is the largest comeback for the Tigers since overcoming a 7-0 deficit at Tennessee on May 5, 2019.
  • Montgomery recorded his eighth multi-RBI game to move into the team lead.

FROM THE SKIP

Coach Bieser on coming back from the 6-0 deficit…

“What a great team effort. I mean, you felt it early on that the guys weren’t going to quit and I knew if we could just continue up with some quality at-bats that we’d have a chance to get ourselves back in this ball game and that’s exactly what they did today.”

UP NEXT

Mizzou hosts Missouri State on Tuesday night at Taylor Stadium. First pitch is set for 6 p.m. on SEC Network +. 

FOLLOW THE TIGERS

For all the latest information on Mizzou Baseball, please visit MUTigers.com. For up-to-the-minute updates, follow the Tigers on Twitter, Instagram and Facebook.

-MUTigers.com-

The Week in Business: Housing Market Gets Squeezed

The Week in Business: Housing Market Gets Squeezed

Home finance loan costs rose to 5 p.c for the to start with time in far more than a decade, the kind of improve that in the previous spelled issues for the housing current market. But in the existing weather, the influence of the increased charges is uncertain. All through the pandemic, quite a few folks, with extra financial savings in their pockets and in research of much more place, bid up residence selling prices. That, mixed with provide chain challenges that slowed construction of new houses, stoked level of competition and created new residences challenging to arrive by. The inventory of properties for sale stays very low, and there are however a lot more fascinated buyers than there are residences. But if the market place doesn’t come to feel the sting, future residence consumers undoubtedly will, particularly these who are previously struggling with the increasing prices of meals, fuel, autos and other daily necessities.

In considerably less than two months, Elon Musk has bought a stake of more than 9 per cent in Twitter, joined the board, left the board and, now, submitted a bid to buy the enterprise outright for $43 billion. In a submitting on Thursday with the Securities and Exchange Fee, Mr. Musk stated he was not “playing the back again-and-forth game” and experienced moved “straight to the end” with his offer you. But some additional “back-and-forth” appears to lie forward. Twitter’s board on Friday adopted a so-called poison capsule to thwart Mr. Musk’s attempt to purchase the firm. Mr. Musk has mentioned that he has a Approach B if Twitter rejects his provide, but even so, he is likely to experience extreme scrutiny from the S.E.C., in particular considering his historical past of receiving in trouble with the company and a new lawsuit accusing him of delaying his disclosure of his stake in Twitter. Mr. Musk has continuously expressed a wish to make Twitter written content less moderated, and in his Thursday filing, he reported he did not trust the site’s latest management to make absolutely free speech a priority on the system.

Inflation hit 8.5 p.c in the United States in March, registering the outcomes of the war in Ukraine, which has sent gasoline costs soaring. That was the fastest 12-month rate of inflation due to the fact 1981. But economists say that March may possibly characterize a peak, because gasoline fees are beginning to fall and some scientists anticipate customers to halt acquiring so many merchandise. And a vibrant location in the report was that the core inflation level, which is not skewed by the volatile rates of foods and fuel, was marginally lower in March than the month in advance of. Lael Brainard, a Federal Reserve governor, mentioned it was “very welcome” to see moderation in that range.

Russia is going through a payment deadline, and since of Western sanctions, it may possibly not be in a position to satisfy its obligations. This thirty day period, the Russian federal government repaid about $650 million in greenback-denominated debt in rubles. As a consequence, S&P Worldwide put the nation less than a “selective default” score. Moody’s, one more scores company, said Thursday that the region could be regarded in default if it did not uncover a way to repay its international currency bonds in bucks rather of rubles. Russia has a 30-working day grace time period to come up with the revenue in dollars, but that window closes on May possibly 4, at which point Russia could default on foreign currency debt for the to start with time in far more than a century.

Today’s coronavirus news: Australia’s ban on cruise ships ends; Easter Sunday marks a return to in-person worship for many

Today’s coronavirus news: Australia’s ban on cruise ships ends; Easter Sunday marks a return to in-person worship for many

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

5:53 p.m.: According to official state numbers, Connecticut has recorded 3,939 positive COVID-19 tests in the past week, most in a seven-day period since early March.

In reality, experts say the true number is larger. Maybe much larger.

At previous stages of the pandemic, the vast majority of positive COVID-19 results came from tests administered by medical professionals and then reported to the Department of Public Health. But now Connecticut residents can purchase a test at a pharmacy and take it in their living room with no requirement that they report positive results anywhere or confirm their results with a medical provider.

That is good news when it comes to convenient testing access but bad news when it comes to tracking results.

“We have to be mindful of the data we are receiving and not receiving,” said Dr. David Banach, hospital epidemiologist at UConn Health. “Relying on [cases] as a primary way to gauge what’s circulating in the community is not as applicable right now.”

A sign outside of Charter Oak Health Center, which is administering vaccines and boosters daily. (Jessica Hill / Special to the Courant)

Official COVID-19 case counts have always underrepresented the true spread of the disease to some degree — as not everyone who gets infected develops symptoms or seeks a test — but experts say this has become especially true during the at-home testing era. Dr. Scott Gottlieb, a former FDA commissioner who has advised Gov. Ned Lamont during the pandemic, said recently he thinks the U.S. is “dramatically undercounting” COVID-19 cases, particularly in the Northeast.

3:55 p.m.: Quebec is reporting a 28-patient jump in COVID-19 hospitalizations Sunday.

The government’s open data portal shows there are 2,159 people in hospital with the disease.

There are 101 patients listed in intensive care, a drop of four patients from Saturday.

According to the open data portal, two more deaths were attributed to the novel coronavirus, for a total of 14,614 since the pandemic began.

The data shows there have been 1,040 new infections confirmed by PCR testing on Saturday, which is limited to higher-risk groups.

People aged 70 and over account for more than 71 per cent of the overall hospitalizations; further details on COVID-19-related hospitalizations and vaccinations will be released Tuesday.

12:20 p.m.: For many U.S. Christians, this weekend marks the first time since 2019 that they will gather in person on Easter Sunday, a welcome chance to celebrate one of the year’s holiest days side by side with fellow congregants.

The pandemic erupted in the country in March 2020, just ahead of Easter, forcing many churches to resort to online or televised worship. Many continued to hold virtual services last spring after a deadly winter wave of the coronavirus and as vaccination campaigns were still ramping up. But this year more churches are opening their doors for Easter services with few COVID-19 restrictions, in line with broader societal trends.

Among them are Catholic parishes in the Archdiocese of Boston, which since last June has once again required most churchgoers to attend Mass in person — though those with health risks may still watch remotely, and pastors have been asked to make space for social distancing in churches.

MC Sullivan, chief health care ethicist for the archdiocese, said celebrating Mass communally is important to how Catholics profess their faith. Church attendance has been trending upward, and parishioners are excited to gather again to commemorate Christ’s resurrection.

“It has been quite wonderful to see how well-attended Mass is right now. … It seems to have brought a lot of people back to the idea of what’s important to them,” she said.

While most pandemic restrictions have been lifted, some area parishes are holding Easter Sunday services outside, including a 6 a.m. sunrise Mass near the waterfront in South Boston.

Hundreds of people lit candles in the vast Cathedral of St. Paul, Minnesota, after Archbishop Bernard Hebda blessed the fire and lit the Paschal Candle to open the Easter Vigil service late Saturday.

The century-old cathedral echoed with the singing of the congregation as candles flickered in the darkness. Well past 8 p.m., wide-eyed children fascinated by the little flames and the cantors far outnumbered people wearing masks – the archdiocese rescinded all Covid protocols on April 1, while allowing the faithful and individual parishes to retain precautions if they wishes

10:14 a.m.: Australia’s two-year long ban on cruise ships expires on Sunday, another step toward the rehabilitation of tourism from the damage wrought by the pandemic.

The ban on foreign cruise ships — imposed in March 2020 after a COVID-19 outbreak aboard the Ruby Princess spilled into Sydney once the vessel docked — cost the Australian economy more than A$10 billion ($7.4 billion), the Cruise Lines International Association estimates.

Operators “are preparing for a carefully managed resumption of operations in a sector that previously supported more than 18,000 Australian jobs,” the association said in a statement ahead of the ban’s expiry.

Australia’s states will determine when vessels can enter now the federal ban has run out. Safety steps include vaccination requirements for crew and passengers over 12 years old, as well as mask and COVID-19-testing protocols.

P&O Cruises Australia’s Pacific Explorer will be among the first ships to dock in Sydney Harbour on Monday ahead of a return to service at the end of May.

Before COVID-19, 1.6 million cruise passengers visited Sydney in 2017 and 2018, according to official figures. The pandemic hit cruise ships particularly hard after high-profile outbreaks that led a variety of ports to block access.

Tourism industry bodies say there’s significant pent-up demand for cruises but it remains unclear if the fear of the disease will permanently affect the sector. Travel shares globally have yet to recover the ground lost due to the pandemic and have trailed global equities significantly since the start of 2020.

Australia has relaxed border restrictions this year, relying on high vaccination rates under a strategy of learning to live with the coronavirus.

8:20 a.m. COVID-19 patients can harbour the coronavirus in their feces for months after infection, researchers found, stoking concern that its persistence can aggravate the immune system and cause long COVID symptoms.

In the largest study tracking SARS-CoV-2 RNA in feces and COVID-19 symptoms, scientists at California’s Stanford University found that about half of infected patients shed traces of the virus in their waste in the week after infection and almost 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} patients still emit them seven months later. The researchers also linked coronavirus RNA in feces to gastric upsets, and concluded that SARS-CoV-2 likely directly infects the gastrointestinal tract, where it may hide out.

“It raises the question that ongoing infections in hidden parts of the body may be important for long COVID,” said Ami Bhatt, a senior author on the study published online last week in the journal Med, and an associate professor of medicine and genetics at Stanford. Lingering virus might directly invade cells and damage tissues or produce proteins that are provoking the immune system, she said in an interview.

No one knows yet what causes the constellation of post-COVID-19 symptoms, often termed long COVID, that afflict from 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to 80{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of people after a SARS-CoV-2 infection. It’s possible at least four different biological mechanisms lead to distinct conditions or subtypes of long COVID, said Akiko Iwasaki, a professor of immunobiology and molecular, cellular, and developmental biology at Yale University.

“Long COVID is likely multiple different diseases,” Iwasaki said last week in an interview in her lab in New Haven, Connecticut. In one of these forms, persistent SARS-CoV-2 may trigger a damaging immune response that leads to ailments that could be quelled with drugs that target the virus, she said.

8:20 a.m. COVID-19 patients can harbor the coronavirus in their feces for months after infection, researchers found, stoking concern that its persistence can aggravate the immune system and cause long COVID symptoms.

In the largest study tracking SARS-CoV-2 RNA in feces and COVID-19 symptoms, scientists at California’s Stanford University found that about half of infected patients shed traces of the virus in their waste in the week after infection and almost 4 per cent patients still emit them seven months later. The researchers also linked coronavirus RNA in feces to gastric upsets, and concluded that SARS-CoV-2 likely directly infects the gastrointestinal tract, where it may hide out.

“It raises the question that ongoing infections in hidden parts of the body may be important for long COVID,” said Ami Bhatt, a senior author on the study published online last week in the journal Med, and an associate professor of medicine and genetics at Stanford. Lingering virus might directly invade cells and damage tissues or produce proteins that are provoking the immune system, she said in an interview.

No one knows yet what causes the constellation of post-COVID-19 symptoms, often termed long COVID, that afflict from 5 per cent to 80 per cent of people after a SARS-CoV-2 infection. It’s possible at least four different biological mechanisms lead to distinct conditions or subtypes of long COVID, said Akiko Iwasaki, a professor of immunobiology and molecular, cellular, and developmental biology at Yale University.

“Long COVID is likely multiple different diseases,” Iwasaki said last week in an interview in her lab in New Haven, Connecticut. In one of these forms, persistent SARS-CoV-2 may trigger a damaging immune response that leads to ailments that could be quelled with drugs that target the virus, she said.

“I have heard anecdotally of people recovering from long COVID after antivirals or monoclonals,” said Iwasaki, who wants to collaborate on clinical studies of potential therapies. “I’m really excited at the possibility of testing direct antivirals and monoclonal antibodies” against long COVID, she said.

Pfizer Inc.’s Paxlovid received emergency use authorization from the Food and Drug Administration in December, introducing the first COVID-19 treatment taken in pill form. Pfizer doesn’t have any long COVID studies underway, but is assessing their possibility, the drugmaker said in an email.

8:19 a.m. Several businesses and residents have filed suit in state court in Pennsylvania seeking to overturn Philadelphia’s renewed indoor mask mandate scheduled to be enforced beginning Monday in an effort to halt a surge in COVID-19 infections.

The lawsuit, filed in Commonwealth Court on Saturday, said Philadelphia lacks the authority to impose such a mandate.

Philadelphia earlier this week became the first major U.S. city to reinstate its indoor mask mandate after reporting a sharp increase in coronavirus infections, with the city’s top health official saying she wanted to forestall a potential new wave driven by an omicron subvariant.

Attorney Thomas W. King III, who was among those involved in last year’s successful challenge to the statewide mask mandate in schools, said the city’s emergency order went against recommendations of the federal Centers for Disease Control and Prevention and “imposed a renegade standard unfound anywhere else in the world.”

The suit accuses city health officials of having “usurped the power and authority” of state lawmakers, the state department of health and the state advisory health board.

8:18 a.m. Australia’s two-year long ban on cruise ships expires on Sunday, another step toward the rehabilitation of tourism from the damage wrought by the pandemic.

The ban on foreign cruise ships — imposed in March 2020 after a COVID outbreak aboard the Ruby Princess spilled into Sydney once the vessel docked — cost the Australian economy more than A$10 billion ($7.4 billion), the Cruise Lines International Association estimates.

Operators “are preparing for a carefully managed resumption of operations in a sector that previously supported more than 18,000 Australian jobs,” the association said in a statement ahead of the ban’s expiry.

Australia’s states will determine when vessels can enter now the federal ban has run out. Safety steps include vaccination requirements for crew and passengers over 12 years old, as well as mask and Covid-testing protocols.

P&O Cruises Australia’s Pacific Explorer will be among the first ships to dock in Sydney Harbour on Monday ahead of a return to service at the end of May.

Before COVID, 1.6 million cruise passengers visited Sydney in 2017 and 2018, according to official figures. The pandemic hit cruise ships particularly hard after high-profile outbreaks that led a variety of ports to block access.

Tourism industry bodies say there’s significant pent-up demand for cruises but it remains unclear if the fear of the disease will permanently affect the sector. Travel shares globally have yet to recover the ground lost due to the pandemic and have trailed global equities significantly since the start of 2020.

Australia has relaxed border restrictions this year, relying on high vaccination rates under a strategy of learning to live with the coronavirus.

8:15 a.m. The Shanghai government urged the city’s elderly residents to make sure they are fully vaccinated and to get booster shots once the city’s lockdown is lifted.

Only 62{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of residents aged 60 or older had received two shots of COVID-related vaccines as of April 15, Wu Jinglei, director of the Shanghai Heath Commission, said at a briefing Sunday. Of these, 38{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} have had booster jabs, Wu said.

The risks from the Omicron variant of coronavirus for unvaccinated elderly people are high, based on the monitoring of domestic and overseas cases, with patients displaying severe, critical and in some cases fatal symptoms, Wu said.

Older people with diseases such as diabetes and high blood pressure can get vaccinated as long as they are taking their routine medicines and their symptoms are stable, he said.

Shanghai has reported 16 COVID cases with severe symptoms in the latest outbreak, 15 of whom are aged 70 years or older and most of them are unvaccinated and have “serious” chronic diseases.

City officials recorded 24,820 local COVID-19 infections for Saturday, 21,582 of them asymptomatic. While the case count is still “fairly high,” the ratio of infections detected among potentially risky people has fallen, Wu said.

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