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The World Finally Accepts a Much-Maligned Covid Shot
Bloomberg 2 hrs ago
Indonesia, one of the first nations to bet its Covid-19 vaccination campaign on Sinovac Biotech Ltd., was about to announce a stunning development, one that would help vindicate a shot that’s been shrouded in controversy for months. Over in Beijing, though, the company’s chief executive officer was unaware.
A study of some 128,000 Jakarta health workers released Wednesday found Sinovac’s vaccine known as CoronaVac was far more protective than clinical trials had indicated. A day earlier, it wasn’t mentioned by CEO Yin Weidong in a wide-ranging interview with Bloomberg reporters, and representatives later confirmed the company didn’t know the announcement was coming.
There it was. With that simple phrase, Brazilian president Jair Bolsonaro dashed the hopes of everyone who thought he might perform a U-turn. The hateful media, the think tanks, the politically-minded state governors, the scores of lockdown.
Where Covid Kills the Young: Brazil Shows What May Await Others Bloomberg 2 hrs ago Andrew Rosati, Martha Beck and Simone Iglesias
(Bloomberg) Rodolpho Sousa, a 28-year-old Brazilian lawyer, had been working from home near Rio de Janeiro when, in late February, one of his clients was jailed. Covid was hitting the prison and he was worried about her, less about himself. He went there to get her out.
His cough started a few days later and wouldn’t quit. He went to an emergency clinic where, his lungs down to half their capacity, he was diagnosed with Covid. In the two days he waited for a hospital transfer, he was witness to an infernal scene patients his age dying on either side of him.
Brazil’s Budget Foreshadows Another Year of Massive Spending
Bloomberg 10 hrs ago
Brazil President Jair Bolsonaro is about to enact a budget that will likely keep growing in size this year, as the government faces competing demands to spend more during the pandemic and to fund lawmakers’ projects in their home states.
Bolsonaro will veto 20 billion reais ($3.7 billion) in expenses, including 16 billion reais that had been set aside for lawmakers’ projects as well as some discretionary spending, according to two people with knowledge of the matter. That won’t be enough to completely cover the 29 billion reais in mandatory outlays underestimated by congress during the budget approval, the people added, requesting anonymity because the discussion isn’t public.