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Doctors Warn Covid Will Become Endemic and People Need to Learn to Live With it

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Doctors Warn Covid Will Become Endemic and People Need to Learn to Live With it

A growing chorus of physicians and public health officials have warned that even with the mass rollout of safe and effective Covid-19 vaccines, the disease may become endemic.

White House coronavirus advisor Dr. Anthony Fauci, Moderna CEO Stephane Bancel and the World Health Organization’s Executive Director of the Health Emergencies Program Dr. Mike Ryan have all said in recent weeks that the coronavirus may never go away.

To date, more than 107 million people worldwide have contracted Covid-19, with 2.36 million deaths, according to data compiled by Johns Hopkins University.

David Heymann, professor of infectious disease epidemiology at the London School of Hygiene and Tropical Medicine, had warned the virus appeared to be on course to become endemic late last year. He reaffirmed his position earlier this week during a webinar for think tank Chatham House.

“I think if you speak with most epidemiologists and most public health workers, they would say today that they believe this disease will become endemic, at least in the short term and most likely in the long term,” he said.

Heymann is the chair of the WHO’s strategic and technical advisory group for infectious hazards and led the health agency’s infectious disease unit during the SARS epidemic in 2002-2003.

He cautioned it was not yet possible to be sure of the virus’s destiny since its outcome depends on many unknown factors.

“Right now, the emphasis is on saving lives, which it should be, and on making sure that hospitals are not overburdened with Covid patients — and this will be possible moving forward,” Heymann said, citing the mass rollout of Covid vaccines.

‘Need to learn lessons from 2020’

The mass delivery of Covid vaccines started in many high-income countries almost two months ago and has since been gathering pace, but the mass immunization of populations will take time.

To be sure, some low-income countries are still yet to receive a single dose of a vaccine to protect people most at risk from the coronavirus.

A report published by the Economist Intelligence Unit last month projected the bulk of the adult population of advanced economies would be vaccinated by the middle of next year. In contrast, however, this timeline extends to early 2023 for many middle-income countries and even as far out as 2024 for some low-income countries.

It underscores the scale of the challenge to bring the pandemic under control around the world.

“Covid-19 is an endemic human infection. The scientific reality is that, with so many people infected worldwide, the virus will continue to mutate,” said Dr. Jeremy Farrar, director of Wellcome and a member of the UK.’s Scientific Advisory Group for Emergencies (Sage).

“Living with this virus does not, however, mean we cannot control it. We need to learn lessons from 2020 and act swiftly. Every day counts,” he added.

Balancing our living with endemic diseases

“I think it is good to put this in context and think about the other infectious diseases that are endemic today,” Heymann said during an online event on Wednesday, when asked whether policymakers should be mindful of other endemic diseases in responding to the Covid pandemic.

He cited tuberculosis and HIV, as well as four endemic coronaviruses that are known to cause the common cold.

“We have learned to live with all of these infections, we’ve learned how to do our own risk assessments. We have got vaccines for some, we have therapeutics for others, we have diagnostic tests that can help us all do a better job of living with these infections.”

“There are a couple of unknowns that make it very difficult for political leaders and public health leaders to make decisions as to what would be the best strategies, inducing the fact that we don’t completely understand ‘long Covid’ and its impact or its occurrence after even very minor infections,” he continued.

“So, it is not a matter of this being a special disease. This is one of many that we will have to balance our living with and understand how to deal with it as we do influenza, as we do with other infections,” Heymann said.

The term “long Covid” refers to patients suffering from prolonged illness after initially contracting the virus, with symptoms including shortness of breath, migraines and chronic fatigue.

Public discourse on the pandemic has largely focused on those with a severe or fatal illness, whereas ongoing medical problems as a result of the virus are often either underappreciated or misunderstood.

Last month, the largest global study of long Covid to date found that many of those suffering with the ongoing illness after infection with the virus had been unable to return to work at full capacity six months later.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Real Madrid Breaks Financial Records, Posts €1 Billion Revenue Amid Stadium Overhaul

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Real Madrid's Portuguese forward Cristia

Real Madrid has announced record-breaking revenue exceeding €1 billion for the 2023/24 fiscal year.

The club’s latest financial report reveals a €1.073 billion ($1.16 billion) in revenue, a substantial 27% increase from the previous year.

This impressive growth comes despite the ongoing overhaul of the Santiago Bernabéu, which has temporarily limited its full operational capacity.

The revenue surge highlights the club’s ability to generate substantial income through various channels, including marketing and stadium operations.

Real Madrid’s success is not confined to the pitch; it has achieved significant commercial milestones.

The 2023/24 season saw the club secure its sixth UEFA Champions League title in a decade, alongside domestic triumphs in La Liga and the Super Cup.

Also, Real Madrid’s basketball team also enjoyed a stellar season, clinching the Spanish league title, King’s Cup, and Spanish Super Cup, while reaching the Euroleague finals.

Despite a decline in broadcasting revenues from La Liga, the club’s financial performance has been buoyed by increased marketing and sponsorship deals.

Notably, Real Madrid secured a new shirt sleeve sponsorship with HP, contributing to a substantial rise in marketing revenues.

The club’s EBITDA soared to €144 million ($156 million), a 71% increase from the previous year, reflecting its robust financial health and operational efficiency.

The ongoing renovation of the Santiago Bernabéu Stadium, with a total investment of €1.163 billion ($1.262 billion), is set to further enhance the club’s revenue streams.

The final phase of the renovation, including VIP areas and event spaces, is expected to be completed by the 2024/25 financial year.

This development will likely drive additional revenue growth, reinforcing Real Madrid’s financial strength.

The club’s net worth stands at €574 million ($623 million), with a modest net debt of just €8 million ($8.6 million) as of June 30, 2024.

The financial results highlight Real Madrid’s resilience and strategic acumen, particularly in managing significant investments and leveraging commercial opportunities.

“Achieving over €1 billion in revenue is a groundbreaking accomplishment for Real Madrid,” said a club spokesperson.

“Despite the challenges posed by the stadium renovation, we have successfully driven growth through innovative marketing strategies and commercial partnerships. Our focus remains on building a stronger future both on and off the field.”

As the club prepares for the 2024/25 season, the anticipated arrival of Kylian Mbappé on a free transfer is expected to further boost commercial prospects and enhance the club’s marketability.

The combination of sporting success, strategic investments, and a renovated stadium positions Real Madrid for continued financial and on-field success.

Real Madrid’s achievement reflects broader trends in football finance, where top clubs are increasingly leveraging commercial opportunities to achieve unprecedented revenue milestones.

The club’s performance sets a new benchmark for financial success in the sport and underscores its enduring global appeal.

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Singapore Tops Passport Power Rankings, Overtakes European Rivals

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Singapore has reclaimed its position as the holder of the world’s most powerful passport, surpassing European countries such as France, Germany, Italy, and Spain.

According to the Henley Passport Index, Singaporean citizens can now enjoy visa-free access to 195 destinations globally, placing the city-state at the top of the rankings.

The Henley Passport Index, which uses data from the International Air Transport Association, evaluates 199 passports and their access to 227 destinations.

The latest update sees Singapore leapfrogging previous leaders, with the European quartet and Japan now sharing second place.

In third place are Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden, whose passport holders have visa-free access to 191 destinations.

This is the first time seven nations have occupied this spot together.

Juerg Steffen, CEO of Henley & Partners, emphasized the significance of passport strength in today’s globalized world.

“The ability to travel visa-free is more than convenience; it’s a powerful economic tool driving growth, fostering international cooperation, and attracting foreign investment.”

While Singapore rises, the United States continues its decline, now ranking eighth, a drop from its former position at the top alongside the UK a decade ago. The UK, meanwhile, has slipped to fourth place.

At the bottom of the list, Afghanistan remains the weakest passport, offering visa-free entry to just 26 destinations.

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Netflix’s Premium Plan Sees 40% Price Hike Amidst Nigerian Inflation

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Netflix

Netflix has increased its subscription prices in Nigeria with the Premium Plan seeing a 40% hike from ₦5,000 to ₦7,000 per month.

According to the updated pricing on Netflix’s website, the Standard Plan, popular for its HD quality and multi-screen options, now costs ₦5,500, up from ₦4,000—a 37.5% rise.

Meanwhile, the Basic Plan increased by 21% to ₦3,500, and the Mobile Plan saw a dramatic 83% jump from ₦1,200 to ₦2,200.

In April, Netflix adjusted its Premium Plan from ₦4,400 to ₦5,000 and its Standard Plan from ₦3,600 to ₦4,000. The Basic Plan remained unchanged at ₦2,900 during that period.

The company stated these changes were part of a broader strategy to enhance revenue and support its expanding content offerings.

This latest hike comes amid soaring inflation in Nigeria, which has significantly impacted the cost of living.

As food and essential goods prices rise, many Nigerians find entertainment subscriptions increasingly unaffordable.

Netflix’s price adjustments are not limited to Nigeria; similar increases have occurred in major markets like the United States, United Kingdom, and France.

In October 2023, both the Basic and Premium plans experienced hikes in these countries as part of Netflix’s global pricing strategy.

The frequent price hikes have sparked concern among Nigerian subscribers who already face economic challenges. Many are reevaluating their subscriptions as home entertainment costs continue to climb.

As Netflix continues to adjust its pricing to sustain growth and content expansion, Nigerian consumers are left weighing the value of their streaming subscriptions against other financial priorities.

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