Omicron XBB.1.5 is rising in U.S. though revised CDC data shows slower increase than previously reported

US Top News and Analysis 

People walk past a COVID-19 testing site in New York, the United States, on Dec. 7, 2022.
Michael Nagle | Xinhua News Agency | Getty Images

The Centers for Disease Control and Prevention on Friday revised downward its estimate of how much the omicron XBB.1.5 subvariant is circulating across the U.S., though it continues to spread at a faster pace than other versions of Covid-19.

XBB.1.5 made up 27.6% of sequenced Covid cases nationally for the week ending Jan. 7 compared with 18.3% for the week end Dec. 31. The CDC previously reported that XBB.1.5 made up about 41% of sequenced cases for the week ending Dec. 31, more than any other variant.

Although the agency has revised its estimate downward, XBB.1.5 remains the only omicron subvariant showing significant growth in the U.S. right now. It is second only to omicron BQ.1.1, which currently makes up 34% of sequenced Covid cases in the U.S.

XBB.1.5 makes up more than 70% of sequenced cases in the northeastern U.S., which is often a bellwether for the rest of the country.

The World Health Organization has described XBB.1.5 as the most transmissible version of Covid yet. Scientists say XBB.1.5 has a mutation that makes it bind to human cells better, which may make it better at infecting people than other variants.

Dr. Ashish Jha, who heads the White House Covid taskforce, said in a series of Twitter posts Wednesday that the XBB.1.5 subvariant is probably more immune evasive and may also be inherently more contagious because it binds more tightly to human cells.

Jha said It’s unclear whether XBB.1.5 is more dangerous than past variants. But Dr. Robert Califf, who heads the Food and Drug Administration, noted in a series of Twitter posts Wednesday that for now, cases are increasing with no evidence of increased severity of illness.

Jha warned that people who last had a Covid shot before September or who had an infection before July probably do not have strong protection against XBB.1.5. Seniors who are not up to date on their shots are increasingly vulnerable to serious illness, Jha said.

U.S. health officials should have more data soon on how much protection the omicron boosters provide against XBB.1.5., Jha said. Califf said the boosters should provide some protection against the subvariant based on studies that looked at other subvariants in the same family, XBB and XBB.1.

“It is highly likely that the current bivalent vaccines provide some protection against XBB, especially in the prevention of serious illness and death,” Califf wrote on Twitter.

However, scientists at Columbia University, in a recent study, noted that variants in the XBB family pose a serious threat to the omicron boosters.

Weekly Covid cases have increased by about 16% to 470,699 over the past week, according to CDC data. Average daily hospital admissions have increased 16% to more than 6,500 over the past week, according to the data. Weekly deaths have also increased 8% over the week prior to more than 2,700.

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It’s no yoke: Tesla brings back round steering wheels

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What comes around, goes around.

Two years after launching its updated Model S and Model X with unusual yoke-shaped steering wheels, Tesla is once again selling the vehicles with traditional round wheels.

The Tesla website now offers buyers a choice between the two options at no additional cost.

The automaker is also selling a $700 conversion through Tesla Service for current owners who’d like to swap the yoke for a regular wheel.

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The yoke caused quite a stir when the cars debuted in early 2021 and received mixed reviews from critics and owners, although many of the latter said they’d gotten used to and ended up even preferring it to a wheel.

Tesla’s designers said that it provided a better view of the road and highlighted Tesla’s semi-autonomous driving capabilities, previewing a future where a wheel wouldn’t be needed at all.

That hasn’t happened yet, as Tesla’s Full Self-Driving hasn’t entirely lived up to its name and still requires driver supervision and input to operate.

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Tesla also didn’t re-engineer the steering ratio so that the yoke wouldn’t need to be turned past half-way, requiring drivers to take their hands off it and find something to grab as they complete 2.3 full rotations from left to right.

Toyota and Lexus have since made a yoke an option on their new electric SUVs, but do make this change through the use of a steer-by-wire system so that they only need to be turned 150 degrees.

Even Elon Musk admitted that “variable gain (steer by wire) yoke would be ideal,” but also that there was no chance a normal steering wheel would be offered.

Tesla never made the yoke available on the Model 3 or Model Y, but versions of it have been featured on the Cybertruck and Roadster prototypes.

The option was inadvertently previewed shortly after the yoke’s reveal, however, when an image of the new Model S interior with a round steering wheel appeared shortly on Tesla’s website before being removed after its discovery by media.

 

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West Virginia appoints new state health officer, commissioner

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Dr. Matthew Christiansen, director of West Virginia’s office of drug control policy, is now the new state health officer.

Effective immediately, Christiansen will also serve as commissioner of the West Virginia Department of Health and Human Resources’ Bureau for Public Health, Interim Cabinet Secretary of DHHR Jeffrey Coben and Republican Gov. Jim Justice announced Wednesday.

Christiansen replaces Dr. Ayne Amjad, who announced in October 2022 that she was stepping down to return to private practice.

“Dr. Amjad stepped into this role in 2020 at the height of the pandemic and has helped guide West Virginia’s COVID response in an incredible way,” Coben said, adding that Christiansen brings a “wealth of knowledge and experience to this critical position.”

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“As a physician, he understands the many facets and challenges of public health in West Virginia, and is well positioned to advance the safety and health of residents,” Coben said.

Christiansen has served as director of DHHR’s Office of Drug Control Policy since October 2020, when he was appointed to the position by Justice. He also serves as an associate professor in the Marshall University Joan C. Edwards School of Medicine.

Prior to joining DHHR, Christiansen was active in primary care and addiction treatment. He earned his medical degree and master of public health degree from Marshall University.

The search is now underway for the next director of DHHR’s Office of Drug Control Policy, officials said.

 

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New Biden-appointed majority officially sworn in for federal utility

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A new board majority appointed by President Joe Biden to oversee the nation’s largest public utility has officially been sworn into office.

The Tennessee Valley Authority says the six Biden nominees took the oath of office Wednesday from a federal magistrate judge in Knoxville.

The new board members at the federal utility are Beth Geer of Brentwood, Tennessee; Bobby Klein of Chattanooga, Tennessee; Michelle Moore of Midlothian, Virginia; Bill Renick of Ashland, Mississippi; Joe Ritch of Huntsville, Alabama; and Wade White of Eddyville, Kentucky.

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The U.S. Senate confirmed them last month. Some had been awaiting confirmation since spring 2021.

The new members join President Donald Trump’s three remaining appointees to fill out the nine-member board.

The next quarterly meeting of the board will take place in Muscle Shoals, Alabama, on Feb. 16.

The utility is reviewing power generation failures that led to its decision to resort to rolling blackouts on Dec. 23 and 24.

 

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DNA, genetic genealogy helps ID man found in Michigan river in ’73

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DNA has led to the identification of a Texas man whose body was found floating in a mid-Michigan river nearly 50 years ago, police said Thursday.

Michigan State Police and The DNA Doe Project announced Thursday that the body found in the Saginaw River outside Saginaw on March 13, 1973, was that of Daniel G. Garza-Gonzales, who would have turned 29 two days later.

Garza-Gonzales had left Fort Worth hoping to find work in Flint, but his family never heard from him again, The Saginaw News reported.

An autopsy determined Garza-Gonzales had been shot seven times and had blunt force trauma to the back of his head, state police said. A medical examiner suspected he had died about six weeks earlier.

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In 2020, a state police cold case team and a state police missing persons coordination unit reopened the case and hair and bone samples were sent to a California forensic genetic genealogy lab.

A possible familial match was located last summer with help from the DNA Doe Project, which seeks to identify previously unidentified remains. And linked the remains to a family in Beeville, Texas. Investigators obtained family DNA reference samples that were sent to an FBI DNA lab for comparison.

The FBI confirmed in December that the remains were those of Garza-Gonzales.

Anyone with information about Garza-Gonzales’ slaying is asked to call MSP Detective Sgt. Bill Arndt at 989-615-6257.

 

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Stocks making the biggest moves midday: World Wrestling Entertainment, Bed Bath & Beyond, Costco and more

US Top News and Analysis 

Shoppers line up outside a Costco to buy supplies after the Hawaii Department of Health on Wednesday advised residents they should stock up on a 14-day supply of food, water and other necessities for the potential risks of novel coronavirus in Honolulu, Hawaii, U.S. February 28, 2020.
Courtesy of Duane Tanouye via REUTERS

Check out the companies making headlines in midday trading.

World Wrestling Entertainment The wrestling entertainment stock surged 21% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. McMahon stepped down as CEO last year after an investigation into sexual misconduct, but has remained majority shareholder. The Wall Street Journal reported that McMahon is returning to pursue a potential sale of the business.

R1 RCM — Shares of the health-care technology firm soared more than 11% after the company raised its revenue outlook for 2023. The company also reaffirmed its projection for full-year 2022.

Costco Wholesale — Shares of the big-box retailer jumped more than 6% after it reported solid sales numbers for December. Costco posted net sales of $23.8 billion in December 2022, marking an increase of 7% year-over-year. Evercore ISI also added Costco to its “fab five” list, saying it’s a defensive stalwart.

First Solar — Shares of First Solar rose more than 4% after Wells Fargo upgraded it to overweight, saying Europe’s energy crisis and the Inflation Reduction Act in the U.S. will boost demand for solar energy.

Bed Bath & Beyond — Shares plunged 20% after the retailer warned it was running out of cash and was considering bankruptcy. That prompted KeyBanc to cut its price target by 95% to 10 cents from $2 per share.

Tesla — Shares of Tesla rose by 0.9% after falling to their lowest level in roughly two years earlier in the day. Tesla lowered prices for its Model 3 and Model Y vehicles in Asia.

Silvergate Capital Shares of the crypto-focused bank fell 13%, adding to its 42% loss from the previous day. JPMorgan downgraded SI to neutral from overweight, citing Silvergate’s worse-than-expected deposit outflows and called into question the company’s long-term profitability.

Greenbrier Companies — Shares fell more than 13% after the rail care maker’s latest quarterly earnings missed analyst estimates, though revenue beat expectations, according to consensus estimates on FactSet. CEO Lorie Tekorius said higher costs for outsourced parts and materials shortages hurt manufacturing margins.

Agilent Technologies — Shares dropped more than 4%. Agilent said Thursday it will partner with Akoya Biosciences to develop solutions for tissue analysis. Shares of Akoya rose more than 5%.

MGM Resorts International — Shares rose more than 4% after Stifel upgraded the hospitality stock to buy from hold, saying it will benefit from a strong recovery in Las Vegas.

Voya Financial — The financial stock gained 4.4% following JPMorgan’s upgrade to overweight from neutral. The firm cited Voya’s lower-risk business, ability to generate capital and valuation as pluses.

Doximity — Shares dropped more than 5% after Morgan Stanley downgraded the online networking service for medical professionals to underweight from equal weight, saying there will be a further slowdown in growth in the health care digital ad space in the year ahead, according to FactSet’s StreetAccount.

— CNBC’s Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.

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Alabama inmate found dead in cell after apparent assault at Limestone prison

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A man at Limestone Correctional Facility was killed Wednesday in an apparent inmate-on-inmate assault, the state prison system confirmed.

The Alabama Department of Corrections said Ariene Kimbrough, 35, was discovered deceased inside his cell at the north Alabama prison. The prison system did not say how Kimbrough died. The agency said the death is under investigation.

The state prison system has come under criticism and federal scrutiny for high rates of violence.

The U.S. Department of Justice has an ongoing lawsuit against Alabama, arguing that the conditions in state lockups are so poor that they violate the U.S. Constitution. The state has acknowledged problems within state prisons but disputes the Justice Department’s accusation.

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The prison system reported in monthly statistics that at least 11 prisoners were killed by other inmates in the fiscal year that ended in September. However, the prison system said the reported number does not include deaths that are still under investigation.

The Equal Justice Initiative has reported that at least 18 inmates died by homicide in 2022.

The Alabama Department of Corrections reported that 225 inmates died in the last fiscal year. At least four of those died by suicide, according to statistical reports.

 

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Errant Kabul drone strike was ‘deadly blunder,’ US military misled public about children killed: report

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A New York Times report on the investigation into how the U.S. military conducted a drone strike that killed several civilians, including children, in Afghanistan last year, characterized the attack as a “deadly blunder” that was motivated by the “assumptions and biases” of those conducting the strike.

The report also claimed that the U.S. military was aware that innocent children had been killed in the attack only hours after the strike, and it made “misleading” statements to the public about that reality.

The Times report noted that through a FOIA request, it obtained internal documents from a U.S. Central Command investigation into the August 2021 U.S. drone strike that killed 10 civilians in Kabul, Afghanistan. 

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The strike happened just days after the U.S.’s botched withdrawal from Afghanistan that led the deaths of 13 U.S. service members after an ISIS terrorist bombing just outside one of the entrances to the Kabul airport. 

As The New York Times stated upon reviewing the “66 partially redacted pages” of the investigation, “assumptions and biases led to the deadly blunder.” 

It elaborated: “Military analysts wrongly concluded, for example, that a package loaded into the car contained explosives because of its ‘careful handling and size,’ and that the driver’s ‘erratic route’ was evidence that he was trying to evade surveillance.”

Intelligence proved after the fact that the driver of the car was Zemari Ahmadi, a man who “worked as an electrical engineer for a California-based aid group” and “had spent the day picking up his employer’s laptop, taking colleagues to and from work and loading canisters of water into his trunk to bring home to his family.”

The report noted that military documents revealed that the U.S. military was on heightened alert for “an imminent attack on the airport that could involve suicide bombers,” which would purportedly involve a “white Toyota Corolla,” like the one Ahmadi drove. 

The documents detailed how U.S. intelligence analysts saw that Ahmadi had “’carefully loaded” a ‘package’ into the trunk” and assessed “the package to be explosives ‘based on the careful handling and size of the material.’”

Such “assumptions” led to the drone strike that killed Ahmadi and nine other civilians. The Times spoke to American Civil Liberties Union lawyer Hina Shamsi, who represented the families of the victims. She claimed the investigation “makes clear that military personnel saw what they wanted to see and not reality, which was an Afghan aid worker going about his daily life.”

US KABUL DRONE STRIKE APPEARS TO HAVE KILLED AN AFGHAN WHO WORKED FOR A US AID GROUP: REPORT 

According to the Times, the investigation showed that “military analysts reported within minutes of the strike that civilians may have been killed, and within three hours had assessed that at least three children were killed” in the attack. 

The Times accused U.S. officials of issuing “misleading statements” about these initial assessments.

For instance, the report noted that “Later that day, Central Command said in a statement that officials were ‘assessing the possibilities of civilian casualties’ but had ‘no indications at this time.’”

The report added, “An update several hours later noted that powerful subsequent explosions may have caused civilian casualties but did not mention that analysts had already assessed three children were killed.”

It also noted how “Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, told reporters that the strike was ‘righteous’ and had killed an ISIS facilitator as well as ‘others,’ but who they were, ‘we don’t know. We’ll try to sort through all of that.’” 

Though the Times didn’t say whether Milley was himself misled, unaware of what analysts had indicated, or looking to mislead the public on the attack. 

The Times did note that the Pentagon “continued to say that an ISIS target was killed in the strike, even as evidence mounted to the contrary.” 

Only a week after the outlet’s September 2022 investigation into the witness accounts and video footage of the attack was published, did military officials acknowledge “that 10 civilians had been killed and that Mr. Ahmadi posed no threat and had no connection to ISIS,” The New York Times asserted. 

According to the report, the military investigation had never been released to the public though it had been completed only “a week and a half after the strike.”

 

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Indiana man sentenced for fatal hit-and-run involving 12-year-old girl, teen injured

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A northern Indiana man has been sentenced to nine years for a hit-and-run that killed a 12-year-old girl and injured a teenage boy.

A Fulton County judge sentenced Gage Rogers on Tuesday after the Akron, Indiana, man had pleaded guilty to two felony hit-and-run charges in the crash that killed Brelynna Felix.

The judge suspended about half of the sentence, and Rogers will serve part of it on either home detention or through community corrections, WSBT-TV reported.

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The Fulton County Sheriff’s Office said dispatchers were alerted in November 2021 that a child may have been struck by a vehicle along State Road 19.

First responders found a 15-year-old boy who had been struck and injured before they found Brelynna, who was pronounced dead at the scene.

 

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Costco’s December sales beat shows the Club holding is still the retailer to own

US Top News and Analysis 

Club holding Costco Wholesale (COST) delivered strong sales growth in December, demonstrating the retailer’s ability to consistently attract customers despite gathering economic headwinds. For the 5 weeks ended Jan. 1, Costco’s net sales increased 7% year-over year, to $23.8 billion, the company reported Thursday. Total comparable sales, which excludes the impact of fluctuations in gasoline prices and foreign exchange, increased 7.3% in December, ahead of Wall Street’s expectations for 5.7% growth. Shares of Costco soared nearly 7% in midday trading Friday, to roughly $481 apiece. Costco’s December sales were driven by food and sundries, followed by fresh foods. Meanwhile, sporting goods, tires and apparel outperformed, while discretionary goods like electronics and housewares underperformed. Costco’s ecommerce sales declined 5.4%, compared with an 8.9% drop in November. This coincided with higher global store traffic in December, which increased by 4.6% year-over-year, compared with 3.4% growth in November. In a research note Friday, analysts at UBS applauded Costco’s “strong improvement” sequentially, but said they “expect demand to remain choppy in the near-term as consumers continue to face higher costs and depleting savings.” Still, the analysts said the retailer “should be well positioned in this environment, and… see upside to shares at current levels.” The Club take Costco had a softer November sales report, with sales growing by 5.7% year-over-year, which sparked concerns over a slowdown in consumer spending. That put pressure on the stock, which tumbled more than 9% last month. But the wholesale retailer’s bounce back in December sales shows Costco is still delivering value to its members. While Costco isn’t immune to the inflationary pressures squeezing consumers, the company has stellar management that consistently posts top-line sales growth. We’re also anticipating a potential membership-fee increase and a special dividend this year, two would-be positive catalysts for the stock. We maintain that Costco is the best-run retailer in the world, ably serving both customers and shareholders. (Jim Cramer’s Charitable Trust is long COST. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Sopa Images | Lightrocket | Getty Images

Club holding Costco Wholesale (COST) delivered strong sales growth in December, demonstrating the retailer’s ability to consistently attract customers despite gathering economic headwinds.

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