Tag Archives: Philadelphia

Pfizer’s COVID-19 vaccine is effective against the British variant, another mutation of the coronavirus | Instant News

Pfizer’s COVID-19 vaccine is still effective against key mutations found in variants of the coronavirus in the UK and South Africa, according to preliminary research.

The mutation, called N501Y, is a slight change in the spike protein that the virus uses to enter cells. These mutations are thought to make the virus more contagious, infectious disease experts say.

One study estimated the mutation made the virus 56% more infectious, but did not appear to cause any more severe disease, according to available data.

New research come aThe coronavirus variant is raising alarms around the world and vaccine rollouts remain in their infancy.

Pfizer, in collaboration with researchers from the University of Texas Medical Branch in Galveston, analyzed blood samples from 20 vaccine recipients. Pfizer-BioNTech vaccine-induced antibodies were successful in defending against 15 possible viral mutations in laboratory dishes.

The variant first discovered in South Africa carries an additional mutation, E484K. The mutations were not among those tested, but Pfizer’s chief scientist, Dr. Philip Dormitzer, says Associated Press that researchers will test it next.

Findings have not been peer reviewed, but are available on the preprint server bioRxiv. Moderna is also conducting similar testing for its COVID-19 vaccine.

Viruses naturally mutate as they spread from person to person. Most of the changes are minor, but the variant responsible for the UK lockdown has public health officials worried.

Vaccines are designed to recognize the multiple parts of the spike protein covering the virus, so a single mutation is usually not enough to affect vaccine coverage, although testing is always needed to confirm this.

If the virus changes significantly which affects its behavior, the vaccine will need to be adapted to offer optimal protection. This is why people need new flu shots every year.

British researchers say the variant, which was first identified in Britain, still appears to be susceptible to the vaccine. The latest data from Pfizer offers more assurance when variants are also found in the US, including Pennsylvania.

A Pennsylvania residents tested for the UK variant last week after known international exposure. The person experiences mild symptoms that subside on isolation.

Dormitzer said that continuous monitoring of coronavirus mutations will be needed to determine whether these mutations weaken the effectiveness of the vaccine.


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South Philadelphia Food Co-Op 10 Years In Manufacturing Finally Opens – CBS Philly | Instant News

PHILADELPHIA (CBS) – South Philadelphia got a food cooperative, and the community is organizing to make it happen. It’s been 10 years in the making.

Neighbors have invested time and money and now a community-owned grocery, mostly run by volunteers, is opening.

Stocking shelves and preparation for major disclosures.

“We can’t wait,” said Eli Sachs.

It’s been a long time waiting for South Philly Food Co-Op.

“Yes, 10 years! Isn’t that something? “Said Lori Burge, General Manager of South Philly Food Co-Op.

The idea was launched back in 2010. After years of community organizing and investing, there are currently 1,400 neighbors who co-own the shop, including Sachs and his family, who have been in the neighborhood for about three years.

“Cooperatives are great because they support the local food world, they are local producers. We have a big say in where our money goes. “It is very encouraging to see him walking locally,” said Sachs.

The buzz grows when community members stop by to ask questions.

The cooperative is a welcome addition, as it lies on a border that neighbors see as a food wasteland.

“To get to the grocery store, you have to walk very far, have access to a car, or take public transportation. And in reality COVID is very difficult, ”said Burge.

Working closely with hundreds of local farmers and producers, fresh produce and meat will arrive next week, just before the grand opening.

“We will have a lot of local produce that we will display in our stores and then, of course, we will have a lot of natural, organic, sustainable and fair trade products,” said Burge.

Of course with the current social distancing mandate, only 12 customers are allowed in a store at any one time.

The shop was scheduled to reopen in May but it was delayed due to work stoppages. It will finally open next Wednesday at noon


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PREIT to Release Primary Control in the Philadelphia Fashion District Under the Bankruptcy Agreement – NBC10 Philadelphia | Instant News

The Pennsylvania Real Estate Investment Trust will relinquish most of its involvement in the Philadelphia Fashion District starting January 1, leaving its partner in the project, Macerich Cos., To control operations and make decisions involving the Philadelphia retail center, according to the Securities and Exchange Commission. documents submitted by PREIT.

The arrangement comes as part of PREIT changing its loan and credit agreement through the Chapter 11 bankruptcy that came out last week and is detailed in an SEC document, Philadelphia Journal of Business report.

As part of the new agreement, a $ 100 million payment was made and funded by Macerich with a $ 301 million loan backed by the Philadelphia Fashion District. The payment reduced the principal balance on Wells Fargo’s loan involving the Fashion District to $ 201 million, according to SEC documents. The loan agreement was also changed to January 22, 2023, with a potential one-year extension.

Read more about PREIT giving up control of the Philadelphia Fashion District at PBJ.com.

Keep up with all your business news in the Philadelphia Business Journal.


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Church Reading is the basis for the distribution of 1,000 lunchboxes | Berks and Beyond | Instant News

Zion Baptist Church Senior Pastor Bruce Alick doesn’t believe he or his congregation did anything special that Saturday afternoon as they handed out the lunchboxes.

“We see this as a continuation of the ministry of Jesus,” said Alick. “It’s not about whether you are rich, poor, black, white, but to feed them and help support them. That’s all we’re trying to do.”

A tractor-trailer filled with 1,000 boxes of food was pulled into the parking lot Saturday morning behind the chuck at 224 Washington St.

More than two dozen volunteers quickly unloaded the boxes of food, placed them on the sidewalk and prepared to load them into the waiting car.

A line of cars waited for food along Third Street in front of the Berks County Community Foundation and rounded the corner and down Court Street.

Each car can carry up to two boxes of food.

Alick previously worked with Pastor Brian Jenkins who founded Chosen 300, a ministry based in Philadelphia, and they know each other very well.

When Alick moved to Reading four years ago to serve at Zion Baptists, he knew he wanted to turn to the Chosen 300 chapter.

“We will launch it in April,” said Alick. “Then COVID hit. So, we are trying to figure out how we can provide for the needs of people facing food insecurity.”

Jenkins said he could deliver a tractor trailer filled with 1,000 boxes of milk, cheese, yogurt, eggs, pre-cooked meat, hot dogs, potatoes, onions and carrots.

“I said, ‘Brian, I don’t know a thousand people,'” Alick said with a laugh. “So I was a little nervous.”

Alick talks to his church leadership and they tell him it’s like “Field of Dreams.”

“They said, ‘If you build it, they will come’,” said Alick. “People started arriving.”

Alick, his congregation and other local churches know that people are being hurt.

“Congress and politicians are moving too slowly to help the people,” he said. “They brought trailers and we will distribute food.”

Father Keith Hairston, director of operations for the Chosen 300, noted that some people stopped at a Mercedes-Benz, Lexus or other luxury car.

“Everyone has had this pandemic,” said Hairston. “Unless you are super rich, you have been affected by this.

“If you don’t need it, come and give it to someone who needs it. That’s what it means,” he said.

The church will distribute lunch boxes at noon every Saturday for the next four weeks at Zion Baptists.

“Jesus said to his disciples, ‘When you have done this to the least of my brethren, you have done it for me,'” said Pastor Jerry Jones of St. Missionary Baptist Church of St. John, 436 S. Seventh St., who was also involved in outreach.


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The owner of the Philadelphia Fashion District, PREIT, is expected to come out of bankruptcy | Instant News

The owners of the Philadelphia Fashion District and several other regional shopping malls are likely to avoid Chapter 11 bankruptcy after the court approves a prepackaged financial restructuring plan.

The Pennsylvania Real Estate Investment Trust announced filing for bankruptcy last month as it continues to seek support for the restructuring plan. PREIT has listed some of its properties as collateral for debt and for $ 130 million in new financing to support its operations.

On Monday, CEO Joseph Coradino said PREIT would emerge as a “more innovative platform” for its business partners.

“We were able to achieve this result quickly thanks to the tremendous support from our lenders, as well as the ongoing support of our employees, customers, tenants and vendors,” Coradino the word. “We will remain focused on safe, responsible and efficient operations while maintaining a strong balance sheet.”

PREIT has 21 properties in nine states and has sold several malls in recent years, including the Phillipsburg Mall in New Jersey and the Palmer Park Mall in Easton, Pennsylvania.

In the Philadelphia area, PREIT owns Cherry Hill and Moorestown malls in South Jersey and the Willow Grove Park Mall, Plymouth Meeting Mall, and the Fashion District in Pennsylvania. The Fashion District, a multi-year renovation of the former Philadelphia Gallery on Market East, held its grand opening in September 2019.

The announcement is on Monday sending PREIT stock up 24% in after-hours trade.

In the second and third quarters of the current fiscal year, PREIT reported a significant net loss in revenue and decrease in mall traffic from year to year.

All mall operations will continue uninterrupted during the holiday season. PREIT is expected to emerge from bankruptcy earlier this month.

“PREIT properties play an important role in the economies of the communities in which we operate, creating jobs, safeguarding tax revenues and ensuring vitality is a major focal point,” said Coradino. “We look forward to a brighter future for all PREIT stakeholders as we move forward as a financially stronger company.”


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