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Ultra-cold freezer maker sees surge in demand

So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog despite its efforts to prepare.

“Right now, we are out of everything,” Dan Hensler, vice president of the Cincinnati-based company, said Wednesday on CNBC’s “Squawk on the Street.”

Only Pfizer and its German partner BioNTech have filed for emergency use authorization with the U.S. Food and Drug Administration for their Covid-19 vaccine. But the potential for approval as soon as December has put the complex logistics of distributing a vaccine into sharp focus, with the U.S. government practicing trial runs of its delivery system in four states. Pfizer, which is handling the distribution of its vaccine, also has a pilot program underway.

In Texas, hospitals are making plans to potentially administer immunizations in less than three weeks. A key cog in the

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Nurses, doctors use social media to plead for public to take COVID-19 seriously as cases surge

As the number of COVID-19 cases continue to spike across the country and hospitals become full, nurses and doctors are taking to social media to beg the public to take COVID-19 seriously and follow safety guidelines.

“We are physically, emotionally and mentally exhausted,” Dr. Kate Grossman, a pulmonary and critical care physician in Columbia, Missouri, wrote in a message shared on Twitter.

“I have seen so many emergent intubations. I’ve seen people more sick than I’ve ever seen in my life,” Lacie Gooch, an intensive care unit nurse at Nebraska Medicine in Omaha, said in a video that Nebraska Medicine shared on Twitter this week.

Gooch, 25, is a cardiovascular ICU nurse who has been working shifts in her hospital’s COVID-19 ICU since April.

She described a sense of frustration and exasperation at the disconnect between what she and her colleagues are doing to save lives inside the hospital, and

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Hundreds gather to bury Serbia’s Patriarch, despite coronavirus surge

BELGRADE (Reuters) – Hundreds of mourners, including country’s president, gathered on Sunday for the funeral of the head of the Serbian Orthodox Church, who died aged 90 after contracting COVID-19.

Authorities hoped to avoid Patriarch Irinej’s funeral becoming a place where coronavirus might spread.

Only Irinej’s relatives, clergy and dignitaries, including President Aleksandar Vucic and Milorad Dodik, the Serb member of Bosnia’s Presidency, were allowed inside the St. Sava church. Other mourners watched funeral rites on big screens outside.

Most members of the clergy performing funeral rites in the church were without masks, as well as some people outside. However, many of faithful who gathered outside wore masks and tried to maintain a distance from each other.

Irinej tested positive for coronavirus on Nov. 4 and died on Friday.

He had attended the Nov. 1 funeral of Metropolitan Amfilohije, the Serbian Orthodox Church’s senior cleric in Montenegro, who also died

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Virus Surge Threatens Newfound U.S. Corporate Profit Optimism

In a year that saw corporate forecasts canceled faster than travel plans, the third-quarter U.S. earnings season brought a sense of normalcy with better-than-expected profits and rising forecasts. Now a second wave of Covid-19 infections and renewed lockdowns threaten to cloud those views.

With results from most of the S&P 500 companies in, nearly 85% have beaten profit estimates, according to data compiled by Bloomberg. About half of those that have reported raised fourth-quarter earnings forecasts, the largest proportion to do so in at least a decade.

While an effective vaccine is expected to be widely distributed in 2021, surging U.S. infections are causing renewed angst as government officials re-impose the kind of restrictions that squelched the economy and roiled markets earlier this year. The outlook gets murkier when you add in President Donald Trump’s refusal to accept the election outcome and control of the U.S. Senate hanging in the

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Iran closes businesses, curtails travel amid virus surge

TEHRAN, Iran — Iran on Saturday shuttered businesses and curtailed travel between its major cities, including the capital of Tehran, as it grapples with the worst outbreak of the coronavirus in the Mideast region.

Top Iranian officials initially downplayed the risks posed by the virus outbreak, before recently urging the public to follow measures like wearing masks and avoiding unessential travel.

Iran has recorded daily death tolls of above 430 over the past five days. The Iranian Health Ministry said on Saturday that the total number of confirmed cases has risen to above 840,000.

The new lockdown measures, which include shuttering most businesses, shops, malls, and restaurants, include Iran’s largest cities of Mashhad, Isfahan, and Shiraz. Iranian authorities have designated the nearly 160 towns and cities affected as hot spots because these urban centers have the highest daily per capita positive coronavirus test results.

On Saturday, Iranian President Hassan Rouhani

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Coronavirus Surge In Canada After Its Thanksgiving Is A Warning For U.S.

Topline

Canada, which celebrates its Thanksgiving holiday more than a month before the United States, is seeing a jump in new infections experts say likely stem from holiday gatherings, a worrying trend as Americans gear up to mark Thanksgiving next week amid already record-breaking numbers of new coronavirus cases and hospitalizations.

Key Facts

According to coronavirus statistics from the Canadian government, the number of new daily coronavirus infections has been on a steady rise since early September, but experts say those numbers don’t tell the full story.

New daily cases in Canada continued to increase after Thanksgiving on October 12, despite new coronavirus crackdowns in many provinces and lower availability of daily testing, two factors that in theory would have brought down the number of new recorded infections.

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Bach projects confidence in Tokyo Games as virus cases surge

TOKYO (Reuters) – International Olympic Committee (IOC) chief Thomas Bach expressed confidence on Monday that the Tokyo Games will be held successfully next year, even allowing spectators to attend, as the world grapples with a sharp rise in coronavirus infections.

Bach’s two-day visit to Tokyo is likely to bolster Japan’s efforts to stage the Olympics, but will do little to assuage the concerns of a public deeply worried about the spread of the virus.

The IOC president spent the day with the Tokyo organisers discussing how to stage the massive sporting event during an unprecedented pandemic and ensure safety for a gathering of more than 11,000 international athletes.

The visit is Bach’s first to the Japanese capital since he and former prime minister Shinzo Abe decided in March to postpone the 2020 Games to next year.

On Monday, Bach fist-bumped with Japan’s new premier, Yoshihide

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Bach expresses confidence in Tokyo Games even as virus cases surge

TOKYO (Reuters) – International Olympic Committee (IOC) chief Thomas Bach expressed confidence on Monday that the Tokyo Games will be held successfully next year, even allowing spectators, despite a sharp rise in coronavirus infections worldwide.

International Olympic Committee (IOC) president Thomas Bach wearing a face mask speaks to the media after his meeting with Japan’s Prime Minister Yoshihide Suga in Tokyo on November 16, 2020. Kazuhiro Nogi/Pool via REUTERS

Bach’s two-day visit to Tokyo is likely to boost Japan’s efforts to stage the Olympics, despite a public worried about the spread of the virus.

His key topics of discussion with organisers include whether to allow spectators and ensuring safe accommodation for more than 11,000 athletes arriving from across the world.

The visit is Bach’s first to the Japanese capital since he and former prime minister Shinzo Abe decided in March to postpone the 2020 Games

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Should You Be Worried About The Surge In Bullish Sentiment?

The stock market (and the rest of us) finally got the news it has been waiting for since the summer. The very positive results on Pfizer’s COVID-19 vaccine gave the already-strong stock market a boost before the opening Monday. S&P futures went from being up 60 points to up 120 points by the open.

While the potential vaccine and some pent-up bullishness were major factors in Monday’s strong open, short-covering was also likely a factor. The CBOE Index Put/Call ratio closed at 2.00 on Friday, November 6, with a call volume of 646,825 and a put volume of 1,290,540. This was a sign that some traders in the index options were too bearish before the week started.

Monday’s strong open pushed the Dow Jones Industrial Average up 1600 points during the day; however, it was still a mixed week for the markets. The iShares

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Oil falls on COVID-19 surge but on track for weekly gain

TOKYO (Reuters) – Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising COVID-19 infections, but the market remained on track for a second straight weekly gain, helped by hopes for a vaccine.

FILE PHOTO: A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee/File Photo/File Photo

Brent crude LCOc1 was down 51 cents, or 1.2%, at $43.02 a barrel as of 0741 GMT, after dropping 0.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 66 cents, or 1.6%, to $40.46 a barrel, having lost 0.8% on Thursday.

For the week, both were headed for a surge of about 9%.

U.S. government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels. [EIA/S]

“Investors took profits

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