FDA panel meets on COVID-19 vaccine shots for kids under 12: Five things to know

FDA panel meets on COVID-19 vaccine shots for kids under 12: Five things to know
FDA panel meets on COVID-19 vaccine shots for kids under 12: Five things to know
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(NEW YORK) — COVID-19 vaccine shots for kids ages 5 to 11 may be available as soon as November, depending on the outcome of a Food and Drug Administration (FDA) advisory panel hearing happening Tuesday.

At the hearing, the FDA’s independent advisory committee is expected to have a public discussion and hold a non-binding vote on whether to authorize the Pfizer/BioNTech vaccine for the approximately 28 million children in the United States ages 5 to 11.

Once the FDA decides to authorize the vaccine, the issue goes before the Centers for Disease Control and Prevention’s vaccine advisory group.

That group, the Advisory Committee on Immunization Practices, is set to meet on Nov. 2 and 3, and from there, the CDC director must sign off on the recommendation.

Dr. Francis Collins, director of the National Institutes of Health (NIH), said on “Good Morning America” Tuesday that getting more kids vaccinated will be key to ending the pandemic.

“If we can create a situation where more of these kids are not getting infected, we should be able to drive this pandemic down which is what we really hope to do, even as we face the cold other and other concerns about whether we might see another surge,” said Collins. “We don’t want that, and this would be one significant step forward in getting our country really in a better place.”

As the countdown begins, here are five things parents should know about COVID-19 vaccines and kids under the age of 12.

1. Kids ages 5 to 11 are still not yet eligible for a COVID-19 vaccine.

Tuesday’s public hearing does not mean that children under age 12 will immediately be eligible to get a COVID-19 vaccine.

The final vote on whether the vaccine is authorized for use in kids ages 5 to 11 will happen in early November, and will come from the CDC director.

Once that decision is made, the vaccine would be able to be administered relatively quickly to children across the country.

At the same time, the FDA will continue to review data to decide whether to grant full FDA approval for the vaccine in kids ages 5 to 11.

The FDA approved the Pfizer vaccine for people ages 16 and older in August. It is currently authorized for emergency use in children ages 12 to 15.

The two other vaccines currently available in the U.S., Moderna and Johnson & Johnson, are currently available only for people 18 years and older.

Moderna said Monday it plans to submit data to the FDA soon showing its vaccine for children ages 6 to 11 produces a strong immune response and appears safe.

2. The Pfizer dose is different for kids under age 12.

In Pfizer and BioNTech’s clinical trial of more than 2,200 children, the COVID-19 vaccine was administered in two doses, but the doses were one-third the amount given to adults.

The clinical trial results, which have not yet been peer-reviewed, showed the antibody response in children at that dose was at least as strong as the full adult does in patients ages 16 to 25.

Pfizer and BioNTech say the vaccine produced minimal side effects in children ages 5 to 11, and the side effects were similar to those experienced by adults and older children.

For 12- to 15-year-olds, the FDA has authorized the same dosing as adults with the Pfizer two-dose vaccine.

3. The vaccine’s focus is on kids’ immune systems.

Children have different immune systems than adults, so it should be reassuring for parents that the Pfizer BioNTech vaccine has been shown to be safe in kids.

Differing immune systems among people of different ages also help explain why the cutoffs for vaccine eligibility rest on age and not body size.

In addition to the COVID-19 vaccine, other immunizations are also scheduled and administered based on age and not weight. This is partially due to the fact that the body’s immune responses to vaccinations and infection are known to be different based on age.

4. The vaccine will be distributed to kids through pediatricians, pharmacies, health clinics and more.

Once greenlighted, the pediatric doses of the vaccine will be sent to thousands of sites across the country, including more than 25,000 pediatricians’ offices, more than 100 children’s hospitals, tens of thousands of pharmacies, and hundreds of school and community-based clinics, the White House announced Oct. 20th.

Within days, more than 15 million doses are set to begin distribution across the country.

Though the White House has purchased 65 million Pfizer pediatric vaccine doses — more than enough to fully vaccine all children ages 5-11 in America — the first launch will dole doses out in waves based on states’ eligible population of kids. Shipments can recalibrate based on shifting demand.

The distribution plan will also include a national public education campaign to “reach parents and guardians with accurate and culturally-responsive information about the vaccine and the risks that COVID-19 poses to children,” according to the White House.

White House officials told the nation’s governors on Oct. 12th that it has enough pediatric doses on hand for the 28 million children ages 5 through 11 expected to become eligible once the FDA gives the green light.

To troubleshoot any confusion in distribution, federal health officials are outlining a new color-coded cap system for each formulation of the vaccine, though still “preliminary.” Purple-capped vials will contain doses for adult and older adolescents, a chart offered to states said; orange-capped vials will contain doses for kids aged 5-11.

5. Families need to remain vigilant against COVID-19.

While there is a light at the end of the tunnel with younger kids having access to a COVID-19 vaccine, families need to stay vigilant against the virus as they wait for FDA authorization.

Unvaccinated children can not only become ill from COVID-19 themselves, but they can also spread the virus to more vulnerable family members and other adults with whom they interact.

Both the CDC and the American Academy of Pediatrics recommend universal mask-wearing in schools to help slow the spread of COVID-19.

Experts said that in addition to unvaccinated children wearing face masks, parents and siblings who are vaccinated should also continue to wear face masks indoors because of the rates of breakthrough infections in the U.S.

Families should also continue to follow other safety guidelines shared throughout the pandemic, including social distancing and hand washing.

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Parents brace for more limited Child Tax Credit in Democratic dealmaking

Parents brace for more limited Child Tax Credit in Democratic dealmaking
Parents brace for more limited Child Tax Credit in Democratic dealmaking
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(WASHINGTON) — Brihanna Sims, a 27-year-old school bus driver and mother of a 7-year-old daughter, faces a financial pinch each summer when the number of routes are scaled back.

In summer 2020, classes held virtually because of COVID-19 meant even fewer routes and more strain. Although she received the Child Tax Credit before this year, the regular monthly payments and larger sum from the expanded Child Tax Credit became a “safety blanket” for Sims and her daughter, Addilynn, Sims said.

“She doesn’t have to see me stress about, ‘Oh my goodness, I didn’t get enough hours this month. Am I gonna make enough? Am I gonna make rent? Are we gonna be OK?'” Sims said.

Under a provision in the American Rescue Plan, 39 million families are now eligible for the expanded Child Tax Credit, according to the IRS, but the current program is set to lapse at the end of the year. President Joe Biden had proposed extending it through 2025, but it now may be extended only one additional year as Democrats pare back their social spending package amid pressure from moderates to cut the cost of the president’s plan.

Emma Mehrabi, director of poverty policy at the Children’s Defense Fund, said the monthly payments have benefited children, parents and caregivers in different ways — from monthly rent to groceries to newly established savings accounts.

“They’ve never experienced this type of income predictability each month, that has maybe given them a little bit of extra boost, a sense of security and relief and joy,” Mehrabi said.

Mehrabi also said the monthly payments, rather than the smaller payouts that used to come only during tax season, can make a life-changing difference.

“That can mean something to somebody who has felt disillusioned and fearful of the government,” Mehrabi said.

The first Child Tax Credit payment alone lifted 3 million children above the poverty line from June to July, according to a Columbia University study.

Kris Cox, deputy director of federal tax policy at the Center on Budget and Policy Priorities, said the expanded program is an opportunity for the U.S. to get up to speed with other nations.

“Many other developed countries have had child allowances that recognize that parents and families have particular financial obligations to raise children,” Cox said.

“We know that kids who grew up in homes with more income are healthier, that they do better in school, that they earn more as adults,” Cox added. “It’s just so important to give children a strong start in life.”

Sims said she’s being realistic and planning for what happens if the expanded Child Tax Credit payments disappear.

She also channels her energy into activism, volunteering for a coalition in Minnesota called the Barbershops and Black Congregation Cooperative that works to inform people in the community about political figures and policies, including the Child Tax Credit.

“Right now, I am preparing myself for things to go back to the norm,” Sims said. “Going back to that kind of budget that I had before, and putting a real tightening on things. But I’m also keeping myself positive that maybe this can change.”

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Queen Elizabeth makes first public appearance since overnight hospital stay

Queen Elizabeth makes first public appearance since overnight hospital stay
Queen Elizabeth makes first public appearance since overnight hospital stay
Vladislav Zolotov/iStock

(LONDON) — Britain’s Queen Elizabeth II is back at work less than a week after an overnight hospital stay.

The 95-year-old monarch was seen smiling on Tuesday as she held a virtual audience at Windsor Castle to receive South Korea’s ambassador to the United Kingdom, Gunn Kim.

The queen, wearing a yellow dress and a pearl necklace, spoke with the ambassador via video link from the royal residence in England’s Berkshire county, where she has been staying since her hospitalization.

Last week, Queen Elizabeth was forced to cancel a trip to Northern Ireland under orders from her medical team to rest.

She was hospitalized on the night of Oct. 20 for “preliminary investigations,” according to a spokesperson for Buckingham Palace.

By the following afternoon, the queen was back at her desk at Windsor Castle and undertaking light duties, the spokesperson said.

No further details about her condition were released by the palace.

The day before her hospitalization, Queen Elizabeth hosted a reception at Windsor Castle for a global investment summit where she met with leaders, including Microsoft co-founder Bill Gates and U.S. climate envoy John Kerry.

She did not attend church on Sunday, so Tuesday’s appearance was the first public sighting of the queen since her hospitalization.

Queen Elizabeth is still scheduled to travel to Glasgow, Scotland, next week with other members of the British royal family for the 2021 United Nations Climate Change Conference.

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COVID-19 live updates: FDA panel hours away from vote on Pfizer vaccine for kids

COVID-19 live updates: FDA panel hours away from vote on Pfizer vaccine for kids
COVID-19 live updates: FDA panel hours away from vote on Pfizer vaccine for kids
Chaz Bharj/iStock

(NEW YORK) — As the COVID-19 pandemic has swept the globe, more than 4.9 million people have died from the disease worldwide, including over 736,000 Americans, according to real-time data compiled by Johns Hopkins University’s Center for Systems Science and Engineering.

Just 67.2% of Americans ages 12 and up are fully vaccinated against COVID-19, according to data from the U.S. Centers for Disease Control and Prevention.

Here’s how the news is developing. All times Eastern:

Oct 26, 9:11 am
FDA panel hours away from vote on Pfizer vaccine for kids

An independent FDA advisory panel on Tuesday will debate and vote on whether to authorize the Pfizer vaccine for children ages 5 to 11. The nonbinding vote is expected between 4:30 p.m. and 5 p.m. ET.

Pfizer data submitted to the FDA has shown that this vaccine, which would be administered to children at one-third of the adult dosage, is nearly 91% effective against symptomatic COVID-19. There were no reported adverse side effects in the clinical trial group.

After the panel votes on whether or not to recommend this vaccine for children 5 to 11, the FDA will make a decision.

Then, the matter heads to the CDC’s independent advisory panel to deliberate and vote, which is scheduled for Nov. 2 and Nov. 3. Once the CDC panel votes, CDC Director Rochelle Walensky is expected to make the final sign-off.

The earliest shots could be in arms is the first week of November.

Oct 26, 8:14 am
US sees 7th straight week of drop in daily pediatric cases

The past week marked the seventh consecutive week that the United States has seen a drop in pediatric COVID-19 infections since the pandemic peak of nearly 252,000 cases in early September.

Last week, the U.S. reported approximately 118,000 new COVID-19 cases among children, compared to 131,000 cases the previous week, according to a weekly joint report from the American Academy of Pediatrics (AAP) and the Children’s Hospital Association (CHA).

But even with the decline, children still accounted for about a quarter of reported weekly COVID-19 cases. People under the age 18 make up roughly 22% of the U.S. population. Regionally, the Midwest continues to see the highest number of pediatric COVID-19 cases as the area experiences the beginnings of a viral resurgence.

The AAP and CHA wrote in the report that the case rate remains an “extremely high number” of newly diagnosed children, with over 1 million cases added over the past six weeks.

Since the onset of the pandemic, nearly 6.3 million children across the nation have tested positive for COVID-19.

In a similar trend, the rate of pediatric hospital admissions per 100,000 people also continues to decline, alongside other age groups. In the last month, the pediatric hospital admission rate fell by more 43.5%.

Currently, severe illness due to COVID-19 remains “uncommon” among children, the two organizations wrote in the report. According to the nearly two dozen states that reported COVID-19 hospitalizations among children, 0.1% to 2% of all pediatric COVID-19 infections resulted in hospitalization. ​Similarly, in states that reported virus-related deaths by age, 0% to 0.3% of all child COVID-19 cases resulted in death.

However, AAP and CHA warned in the report that there’s an urgent need to collect more data on the long-term consequences of the pandemic on children, “including ways the virus may harm the long-term physical health of infected children, as well as its emotional and mental health effects.”

Less than 45% of adolescents ages 12 to 17 have been fully vaccinated against COVID-19, according to federal data, and more than 48 million children under 12 remain unvaccinated. But that could soon change, should the Food and Drug Administration and the Centers for Disease Control and Prevention green light COVID-19 vaccinations for kids ages 5 to 11 in the coming weeks.

Oct 26, 5:30 am
Moderna to supply Africa with up to 110 million doses at ‘lowest tiered price’

Moderna announced Tuesday that it will make up to 110 doses of its COVID-19 vaccine available to African nations at the company’s “lowest tiered price.”

The Massachusetts-based biotechnology firm said it is prepared to deliver the first 15 million doses by the end of this year, with 35 million doses in the first quarter of 2022 and up to 60 million doses in the second quarter.

“All doses are offered at Moderna’s lowest tiered price,” the company said in a press release Tuesday.

Africa, the world’s second-largest and second-most populous continent, remains the least-vaccinated region of the world against COVID-19, with just over 5% of its 1.3 billion people fully inoculated.

Moderna CEO Stephane Bancel said the new agreement with the African Union, a continental bloc consisting of the 55 member states that make up the countries of Africa, was facilitated in part by the White House. The deal is separate from the company’s agreement with the global vaccine-sharing initiative COVAX to supply up to 500 million doses from late this year through 2022, according to the press release.

“This is the first step in our long-term partnership with the African Union,” Bancel said in a statement Tuesday. “We believe our vaccine can play an important role in addressing the needs of low-income countries given its combination of high Phase 3 efficacy against COVID-19, strong durability in the real-world evidence, and superior storage and handling conditions. We recognize that access to COVID-19 vaccines continues to be a challenge in many parts of the world and we remain committed to helping to protect as many people as possible around the globe.”

Moderna is also working on plans to allow it to fill doses of its COVID-19 vaccine in Africa as early as 2023, in parallel to building an mRNA vaccine manufacturing facility on the continent with the goal of producing up to 500 million doses each year, according to the press release.

Oct 25, 8:48 pm
South Florida schools may amend mask mandates as cases decline

Two South Florida school districts may be changing their polices on mask mandates in schools as COVID-19 cases decline.

A Broward County Public Schools spokesperson told ABC affiliate WPLG that an item could be added at a school board meeting Tuesday “regarding district’s COVID-19 protocols including the use of face coverings.”

The district had said it would revisit the mask mandate when the COVID-19 positivity rate reached 3% or lower for 10 consecutive days. Broward County has reached that threshold, the county’s health department data shows.

Miami-Dade County Schools Superintendent Alberto Carvalho also indicated there may be a change to its mask mandate policy.

The school board is looking at several metrics including hospital admissions, community transmission and daily student cases. Carvalho said Friday would be a benchmark day.

Carvalho said last week that a new plan could entail “a mandatory mask policy but with an unrestricted, unrestricted, parent opt-out provision.”

Oct 25, 2:20 pm
European Medicines Agency approves Moderna boosters for adults

The European Medicines Agency on Monday approved the Moderna booster (which is a half dose of the initial booster) for people 18 and older.

The booster “given 6 to 8 months after the second dose led to a rise in antibody levels in adults whose antibody levels were waning,” the EMA said.

Oct 25, 2:03 pm
US releases details of vaccine, testing requirements for international travelers

The federal government on Monday released more details about how foreign tourists and other non-citizen, non-immigrant people flying to the U.S. can comply with recently-announced rules requiring them to be fully vaccinated.

These rules go into effect on Nov. 8.

People will be able to submit proof of vaccination to airlines electronically or via paper, an official said.

All vaccinated people — Americans and non-Americans — need to show proof of a negative test taken within three days before departure.

For unvaccinated people — both Americans and non-Americans — you need to show proof of a negative test within one day before. Children ages 2 to 17 must take a test but those under 2 don’t need to test.

Vaccine exemptions include: children under 18; some medical exemptions; and people traveling on non-tourist visas from countries with low availability of vaccines (signified by a country having a vaccination rate less than 10%). The U.S. will follow a list maintained by the WHO and these people will need have a “specific, compelling reason” for coming to the U.S., a senior administration official said.

The exemptions will represent a “very, very small number” of travelers to the U.S., a senior administration official said.

Oct 25, 10:23 am
Cases dropping across US but rising in some Midwest, Northeast states

In the last month, the daily case average in the U.S. has dropped by nearly 43% thanks to falling metrics in states like Florida, Mississippi and Louisiana, which have all seen their case averages drop by nearly 90% or more since August, according to federal data.

But in recent weeks, cases have been creeping up in several states in the Northeast and the upper Midwest, including Minnesota and Michigan.

Alaska currently has the country’s highest infection rate, followed by Montana, Wyoming, Idaho and North Dakota, according to federal data.

About 52,000 COVID-19 patients are currently hospitalized across the U.S., a major drop from the 104,000 hospitalized patients in late August.

But the U.S. death toll remains persistently high, with nearly 1,300 new deaths being reported each day, according to federal data.

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Nor’easter drenching New York City, New Jersey with heavy rain: Latest forecast

Nor’easter drenching New York City, New Jersey with heavy rain: Latest forecast
Nor’easter drenching New York City, New Jersey with heavy rain: Latest forecast
Doctor_bass/iStock

(NEW YORK) — A nor’easter is pummeling New Jersey and the New York City area, drenching roadways with up to 4 inches of rain.

Flash flooding was reported early Tuesday in the Metuchen, New Jersey, area, prompting a flash flood warning. Water rescues were reported in New Jersey from Union Beach to Middletown.

The bulk of the heaviest rain and flooding will shift Tuesday morning to New York City, Long Island and Connecticut.

The governors of New York and New Jersey declared states of emergency.

Flood and wind alerts have been issued from North Carolina to Maine.

The nor’easter is expected to sit off the coast all day Tuesday and strengthen, blowing gusty winds to the coastline, including in major cities like New York City and Boston.

Damaging winds gusting to 40 to 60 mph are possible Tuesday night in the Northeast.

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FDA panel meets to discuss vaccines for kids, kicking off authorization process

FDA panel meets to discuss vaccines for kids, kicking off authorization process
FDA panel meets to discuss vaccines for kids, kicking off authorization process
jacoblund/iStock

(WASHINGTON) — An advisory panel at the Food and Drug Administration will vote Tuesday on whether to move forward with authorizing vaccines for children ages 5-11.

The vote will be the first step in a regulatory process for the two-shot Pfizer vaccine for kids. If the panel votes in favor of the vaccine after reviewing Pfizer’s data from clinical trials, the process will move to the Centers for Disease Control and Prevention.

If both agencies support the data, kids could be able to get their first shots in early November.

“If all goes well, and we get the regulatory approval, and the recommendations from the CDC, it’s entirely possible, if not, very likely, that vaccines will be available for children from 5 to 11 within the first week or two of November,” Dr. Anthony Fauci, chief medical adviser for the White House, said in an interview on Sunday on ABC’s This Week.

Many parents are desperate to protect their children after the delta surge over the summer led to increased cases and hospitalizations among kids. Though the variant is not more deadly, it is more transmissible — and because kids are unvaccinated, the variant rocketed through schools and camps.

The most recent data from Pfizer’s clinical trials found that the vaccine for 5-11 year olds was nearly 91% effective against symptomatic illness.

The vaccine also appeared safe. None of the children in the clinical trials experienced a rare heart inflammation side effect known as myocarditis, which has been associated with the mRNA vaccines in very rare cases, mostly among young men.

The Pfizer vaccine, if authorized for kids, will be given at a smaller, one-third dose.

The White House has purchased enough pediatric doses to vaccine all 28 million children ages 5 to 11. If authorized, it will be distributed to thousands of sites, including pediatricians, family doctors, hospitals, health clinics and pharmacies enrolled in a federal program that guarantees the shots are provided for free.

Some states are planning to provide the vaccine through schools as well.

The 5-11 age group would be the youngest and latest to receive eligibility. The Pfizer vaccine has already been authorized for adolescents 12 and up, and everyone 18 and older is eligible for all three vaccines, Pfizer, Moderna and J&J.

Whether parents will embrace the vaccines for their kids is still a question. In a September poll, the Kaiser Family Foundation found that about a third of parents with kids ages 5-11 were willing to vaccinate their kids right away, while another third wanted to “wait and see.” The figures represented a slight uptick in vaccine acceptance among parents of elementary-school-aged kids since July.

Although children are less likely to die of COVID-19 than older adults, pediatricians say there is still an urgent need for a safe vaccine for children. Children can still become very sick and spread the virus to others. So far, more than 6 million children have tested positive in the United States, according to the American Academy of Pediatrics.

Trials for children 2 years and up, the next age group that could become eligible, are ongoing. Data from the clinical trials is expected sometime this winter.

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Six injured, including officer, in shooting at mall in Boise: Police

Six injured, including officer, in shooting at mall in Boise: Police
Six injured, including officer, in shooting at mall in Boise: Police
iStock/ChiccoDodiFC

(BOISE, Idaho) — Six people, including a Boise police officer, have been injured in a shooting at a mall in Boise, Idaho, police said.

One person is in custody, Boise police said.

Police responded to reports of shots fired at the Boise Towne Square Mall on N. Milwaukee Street, authorities said.

The roads leading to the mall were closed as the investigation continued.

Officers were working to clear each business in the mall, police said, adding that there’s no information about additional threats.

This is a developing story. Please check back for updates.

 

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Police responding to report of shots fired at mall in Boise

(BOISE, Idaho) — Police are responding to a mall in Boise, Idaho, following a report of shots fired, authorities said.

There are multiple reports of injuries, Boise police said. One person is in custody, police said.

Officers are working to clear each business in the mall, police said, adding that there’s no information about additional threats.

Additional information was not immediately available.

This is a developing story. Please check back for updates.

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El Chapo appeals his conviction, argues for new trial

El Chapo appeals his conviction, argues for new trial
El Chapo appeals his conviction, argues for new trial
iStock/nirat

(NEW YORK) — Lawyers for the drug kingpin known as El Chapo argued Monday for a new trial, insisting “breathtaking jury misconduct” and an “unparalleled set of stifling defense restrictions” marred his conviction.

Joaquin Guzman, 64, was sentenced to life in prison after he was found guilty in February 2019 of running an industrial-sized drug trafficking operation, the Sinaloa cartel, one of the world’s largest, most profitable and most ruthless drug smuggling organizations.

Guzman’s attorney, Marc Fernich, argued El Chapo did not get a fair trial because his solitary confinement in what the lawyer called a “modern dungeon” impaired his “cognitive, emotional and mental” faculties.

“The combination of unprecedented restrictions made it impossible to meaningfully prepare a defense,” Fernich said in court Monday.

Under questioning from a three-judge panel of the 2nd US Circuit Court of Appeals, Fernich conceded the defense made no specific objections during trial. Prosecutors said the strict conditions of El Chapo’s confinement were deemed necessary.

“This judge was presented with a defendant who had already escaped from prison twice in Mexico in dramatic fashion, who had a history of intimidating and killing perceived rivals and who had previously run his criminal enterprise while incarcerated,” the Justice Department’s Brett Reynolds said in court Monday.

Guzman’s appeal also argued the trial judge should have more forcefully questioned whether jurors disobeyed repeated instructions to avoid information about the case that was not included as evidence.

An anonymous juror told Vice News that five jurors consumed news coverage or followed the trial on social media. Fernich called them “5 jurors who don’t know the meaning of an oath” and urged the appellate court to pursue an inquiry.

“It’s very disquieting in a case like this to do an end-around and let it go,” Fernich said. “This guy is going to be in a box for the rest of his natural life. I’m not asking you to play violins for him and I’m not playing any violins for him either. This is very, very serious business for everybody concerned.”

Prosecutors argued the Vice article was insufficient to merit an inquiry.

“The evidence here is not competent. It’s just not. It’s anonymously sourced. It’s non-corroborated. It is hearsay and double hearsay,” the Justice Department’s Hiral Mehta said in court Monday.

There was no immediate ruling.

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Customers can soon rent a Tesla at Hertz after company orders 100,000 electric vehicles

Customers can soon rent a Tesla at Hertz after company orders 100,000 electric vehicles
Customers can soon rent a Tesla at Hertz after company orders 100,000 electric vehicles
iStock/jetcityimage

(NEW YORK) — Rental car giant Hertz announced it was buying 100,000 Tesla electric vehicles that will be available to customers starting next month.

Tesla stock soared on news of the massive order, and its market cap hit the $1 trillion milestone during intraday trading Monday, a feat very few U.S. companies have attained.

The announcement also comes just months after Hertz emerged from bankruptcy, after the COVID-19 pandemic gutted the travel and rental car industry in 2020.

In addition to the initial order of 100,000 Teslas by the end of 2022, Hertz also announced it was adding new electric vehicle charging infrastructure at outposts across its global operations.

Starting in early November, the company said customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations in major U.S. markets and select cities in Europe. It will offer digitized guidance to educate customers about the electric vehicles, and soon hopes to offer an expedited electric vehicle rental booking process through its app.

“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” Hertz interim CEO Mark Fields said in a statement Monday.

“The new Hertz is going to lead the way as a mobility company, starting with the largest EV rental fleet in North America and a commitment to grow our EV fleet and provide the best rental and recharging experience for leisure and business customers around the world,” Fields added.

The company said it was the first U.S. car rental company to introduce electric vehicles to its rental fleet in 2011 and that with the current order, electric vehicles will comprise more than 20% of Hertz global fleet.

Hertz is teaming up with seven-time Super Bowl champion Tom Brady on an ad campaign about its new electric vehicle fleet.

“Although the company has been around for over 100 years, their constant evolution, especially now, is something that is amazing to be a part of,” Brady said in a statement. “I’ve been driving an EV for years and knowing Hertz is leading the way with their electric fleet speaks to how the world is changing and the way companies are approaching being environmentally and socially conscious. I’ve always loved how easy and convenient Hertz makes it for me when I’m traveling to my favorite places like New York, LA and Tampa and can’t wait to see what they continue to have in store.”

The move comes amid mounting pressure on the private sector and beyond to take action on climate change. The transportation sector generated the largest share of greenhouse gas emissions in 2019, per the U.S. Environmental Protection Agency, primarily from burning fossil fuels for cars, trucks, ships, trains and planes.

 

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