Two teams of researchers have discovered a Covid-19 variant in New York, raising alarm for the most populated city in the US as the country tries to eradicate variants with a large-scale vaccination programme.
The variant, called B1526, has been found in "diverse neighbourhoods in the metropolitan area" and scattered throughout the north-eastern region of the US, said a report from Columbia University's Vagelos College of Physicians and Surgeons.
B1526 may have mutations that are similar to the new strains found in South Africa and Brazil, which can work against the effectiveness of vaccines and monoclonal antibody treatments.
Researchers at the California Institute of Technology said they found instances of the variant as early as November 2020 and that it accounted for about one in four "coronavirus genomes sequenced and deposited from New York" in February.
The Columbia University study showed a similar trajectory when the mutation was found in December, with a 12.3 per cent rise over two weeks in New York City this month.
The teams found the variant independently of each other and the discoveries were first reported by The New York Times on Wednesday night.
The reports from Columbia and Caltech have not been peer reviewed or published by scientific journals, but they have drawn interest from scientists, public health officials and news publications.
Mayor Bill de Blasio said there was no need for immediate concern.
“Until there’s evidence that tells us that a variant is not handled well by vaccines, for example, or a variant has different impacts, we shouldn’t assume the worst," Mr de Blasio said.
"We should say we need the full truth. We need the facts."
While some are calling for further confirmation, The New York Times noted that the case count in New York City is not dropping as sharply as the national US case count is.
The two academic reports suggest there has been a rise in cases of the novel New York variant in the past two to three months.
“No, we don’t have any evidence at this point that the variants — that this New York variant, the 1526, is what is contributing to the trajectory of cases, which we should emphasise continue to decrease,” said Dr David Chokshi, New York City’s health commissioner.
Nonetheless, the city is continuing with reopening efforts. The city's middle schools are welcoming back pupils for in-person learning on Thursday.
New York Governor Andrew Cuomo allowed for indoor dining to return at 25 per cent capacity in February and announced restaurants can bump this up to 35 per cent on Friday, February 26.
Mr Cuomo also gave the thumbs up for movie theatres to welcome back patrons at 25 per cent capacity — or no more than 50 people per screen — along with other required virus precautions starting on March 5.
Mutations and variants are normal in the trajectory of viruses but some have higher transmissibility or can evade treatments and vaccinations.
If there is further verification of the academic reports of a New York variant, it could mean there are two home-grown strains in the US.
The first is a variant that was discovered in Southern California, which may have led to the devastating surge in the Los Angeles region during December and January.
California became the first US state to record 50,000 Covid deaths this week.
The home-grown variants also add to the several variants the US currently hosts in its coronavirus outbreak, including all three of the "variants of concern" from Brazil, South Africa and the UK.
Health experts have been raising the alarm about variants that can reverse the downward Covid trend in cases, deaths and hospital admissions and are emphasising the need for quick vaccine distribution across the country.
At least 6 per cent of the US population has been fully vaccinated. More than 13 per cent have had one dose.
A vaccine tracker by Bloomberg News says the US has used 75 per cent of its vaccine supply.
President Joe Biden is marking the 50 millionth vaccination today.
The Food and Drug Administration is reviewing the single-dose Covid-19 vaccine from Johnson & Johnson on Friday.
The US has already approved and is disseminating vaccines from Moderna and Pfizer-BioNTech.
And vaccine makers are not ignoring the threat of mutations of variants.
Moderna announced on Wednesday it has shipped a variant-specific vaccine candidate for a clinical study.
Pfizer and BioNTech are researching the possibility of a third dose that could serve as a "booster" shot that would fend off Covid mutations.
More from Rashmee Roshan Lall
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
UAE currency: the story behind the money in your pockets
UAE%20v%20West%20Indies
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
UAE currency: the story behind the money in your pockets
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%3Cp%3EEngine%3A%203-litre%20V6%20turbo%20(standard%20model%2C%20E-hybrid)%3B%204-litre%20V8%20biturbo%20(S)%0D%3Cbr%3EPower%3A%20350hp%20(standard)%3B%20463hp%20(E-hybrid)%3B%20467hp%20(S)%0D%3Cbr%3ETorque%3A%20500Nm%20(standard)%3B%20650Nm%20(E-hybrid)%3B%20600Nm%20(S)%0D%0D%3Cbr%3EPrice%3A%20From%20Dh368%2C500%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars
- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes
- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Klopp at the Kop
Matches 68; Wins 35; Draws 19; Losses 14; Goals For 133; Goals Against 82
- Eighth place in Premier League in 2015/16
- Runners-up in Europa League in 2016
- Runners-up in League Cup in 2016
- Fourth place in Premier League in 2016/17
The specs
Engine: 4.0-litre, twin-turbocharged V8
Transmission: nine-speed automatic
Power: 630bhp
Torque: 900Nm
Price: Dh810,000