WHAT YOU NEED TO KNOW
- Amazon announced its office employees can continue to work remotely if department leaders decide not to call workers back to the office. The decision is another adjustment to the company’s return-to-office plans amid a surge of delta variant cases. Amazon’s embrace of remote work comes as U.S.workers return to the office at a rate higher than any point during the pandemic.
- Texas Gov. Greg Abbott issued an executive order Monday barring private companies from implementing vaccine mandates. The governor has asked state lawmakers to sign similar legislation into law, but urged Texans able and willing to get the vaccine to do so. Large companies with a presence in the state such as Facebook said they are reviewing the order and have not yet announced changes to their vaccine policy.
- As Biden’s vaccinate-or-test mandate approaches, questions arise over enforcement – NBC News
- Nearly 90% of Washington state employees have complied with COVID-19 vaccination mandate – The Seattle Times
- Practical Strategies for Manufacturers Managing COVID-19 Testing, Vaccine Mandates – The National Law Review
- Drug manufacturer Merck applied for emergency use authorization of its antiviral COVID-19 pill Molnupiravir on Monday which, if approved, will be the first oral antiviral treatment for the disease. Observers have praised the medication and said it would be a “huge deal” if approved, although health experts warned that the drug is not a substitute for vaccination. The drug is expected to be available for U.S. residents later this year if approved by the Federal Drug Administration.
- Moderna has no plans to share its COVID-19 vaccine recipe – Associated Press
- AstraZeneca antibody cocktail study shows success treating COVID-19 – Reuters
- @DrLeanaWen: We need antiviral treatments because #covid19 is here for the foreseeable future. An oral, outpatient medication (like molnupiravir from Merck, if authorized) is an important tool to reducing the harm caused by the virus. Importantly, it does not replace the need for vaccination.
- Kraft Heinz CEO Miguel Patricio warned consumers to prepare for rising food prices as costs have increased with “inflation across the board.” Patricio cited heightened logistics costs and labor shortages in the U.S. as primary reasons for rising prices in the country. Economist Nouriel Roubini has said inflation is likely to continue ticking up while economic growth stagnates and predicted that the Federal Reserve is unlikely to raise interest rates.
- Stocks and bonds struggle under stagflation threat – Reuters
- There Is Shadow Inflation Taking Place All Around Us – The New York Times
- @PeterSchiff: This is the type of nonsense peddled by the mainstream media as being expert economic analysis. Higher #inflation isn’t good for the economy, and it’s particularly harmful to average Americans. Unfortunately it’s not transitory and it will get much worse.
- Southwest Airlines canceled more than 2,000 flights over the weekend due to a number of factors ranging from weather challenges to air traffic control issues. The airline noted that because it has been operating fewer flights than before the pandemic rescheduling passengers was a challenge. While the airline’s stock shares slipped on Monday the company predicted flights will normalize this week.
- Pent-up travel demand could lead to holiday headaches – Axios
- Southwest Airlines, union insist pilots didn’t walk out to protest vaccine mandates – The Dallas Morning News
- Fauci says vaccine mandate for domestic air travel is not expected ‘immediately’ – The Washington Post
“Will this holiday sparkle? Consumers are ready to bring the shine” – PricewaterhouseCoopers / Source: PwC Holiday Outlook 2021
- Turbine Labs has tracked 22,115 media articles and blogs and 21,727 social media posts over the last 24 hours.
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