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How Brazil Became a Hot Market for IPOs | Instant News


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Air travel worries after Trump coronavirus infection | Instant News



Flying on Air Force One was risky from a health standpoint last week. President Donald Trump may have been contagious with Covid-19. And at least one aide, Hope Hicks, who traveled with the president to Minnesota for a rally, has tested positive. She had mild symptoms and was quarantined on the flight back to Washington, according to reports. The incident raises questions about the safety of flying and whether new concerns about Covid could block a resumption of air travel. But there are big differences between commercial flights and traveling on Air Force One, which can have a big impact on the risk of contagion. Perhaps the biggest differences: the use of the mask and the seating configuration. Face masks were not required on presidential flights, while they are mandatory on major passenger flights. There are face-to-face seats on Air Force One, and passengers can move around various parts of the plane, potentially spreading the virus. It is very different from sitting for the duration of commercial lighting. “Everyone on a passenger flight is facing forward with people seated on either side, and the airflow is up and down. The dynamics are very different, ”says Savanthi Syth, analyst at Raymond James. But negative headlines on Covid tend to affect travel demand, usually with a lag of one or two weeks. Demand has weakened as cases in the United States have increased. And a major test comes with the holiday season. “The main drivers of revenue for the quarter are around Thanksgiving and Christmas travel,” says Syth. “This will drive the lion’s share of demand in the quarter, and it will be even bigger this year.” About 700,000 passengers a day take commercial flights, up from 2.2 million a day a year ago. But some airlines have cut schedules amid signs that demand looks weak in the coming months. Southwest Airlines (symbol: LUV) cut 38,000 flights in November and 55,000 in December, or about 45% of its schedule in those two months. “We recently adjusted our flight schedule for November and December to reflect the demand we are seeing for travel, a process we have continuously undertaken throughout this year,” Southwest said in a statement. Airlines have adopted stringent cleaning and safety measures and use HEPA air filters that recirculate cabin air every five to seven minutes, removing more than 99.9% of particles and microbes. Airflow to a cabin is recirculated 20 to 30 times per hour, according to the International Air Transport Association, an industry advocacy group. IATA says the risks in an airplane are lower than in many other types of confined spaces, where HEPA filters are not used. “If people take off their masks to eat and drink in a bar, it is riskier than being on a plane, not moving, not talking, not moving,” said Dr. Lin Hwei Chen, director of the Travel Medicine Center at Mt. Auburn Hospital and Associate Professor at Harvard Medical School. “In terms of ventilation, the plane may actually present a lower risk.” Several studies have documented clusters associated with air travel, but the studies have had limitations. A study published in Emerging Infectious Diseases concluded that 15 of 217 people on a flight from London to Hanoi, Vietnam last March were likely infected in flight. The source was a contagious business-class woman, the researchers concluded. But it was a 10 hour flight and the duration of the exposure is very important for the contagion. Masks were not required in March and most infections were in and around business class passengers. The study relied on contact tracing to determine who caught the virus. Some passengers have taken cruises and visited hotels afterwards, and it is not known whether they were infected on the flight. The researchers were not able to genetically sequence the strain of virus to determine if it was identical in all cases. The epidemiological evidence was strong in the study, says Chen, but “if the virus had been sequenced the study would have been even more reliable.” An article in the Journal of the American Medical Association concluded that very few cases of in-flight Covid transmission have been confirmed worldwide – only around 42 in total. By comparison, a study of transmission on high-speed trains in China showed a rate of 0.3% among passengers. “The risk on board can be further reduced with face coverings, as in other settings where physical distance cannot be maintained,” the JAMA article states. Still, Covid appears to be a relatively hearty virus that can survive on the skin. A study published in Clinical Infectious Diseases found that Covid-19 could survive 11 hours on the skin, which is almost nine hours longer than the flu virus. This means that Covid could be transmitted to surfaces more widely, although it is also easily killed with alcohol and thorough hand washing. Byron Jones, a professor of mechanical engineering at Kansas State University and an expert in aircraft environmental controls, says more data would be needed to accurately determine the risks in flight. “At the end of the day, we don’t have the data to do a quantitative risk assessment,” he says. One positive point is that airlines report lower infection rates among crew members than other ground workers. But consumers may overestimate the effectiveness of good ventilation on airplanes, as there are many other ways of spreading the virus. Chen also says more data is needed. “We need a very large set of thefts or systematic public health data, but this has not been published,” she says. The Centers for Disease Control and Prevention has said it is aware of 1,600 cases of Covid on U.S. flights, but has not released estimates on in-flight transmissions, she said. “There should be more information available when the CDC analyzes these cases and their contacts,” she added. Jones said he would take a commercial flight – very carefully: “I would get a good mask, an eye mask, my own sanitary wipes and a supply of hand sanitizer,” he says. “Do these things and I think you’ll be fine, but if it’s a 10 hour flight, I can’t imagine you wouldn’t be exposed.” I would think twice before taking a really long flight. Write to Daren Fonda at [email protected]



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Looking beyond China’s high-rise tech stocks? Try Brazil and India. | Instant News


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TUI, Ryanair, and other travel agencies fight virus resurgence in Spain | Instant News


Text size People walk along Las Ramblas street in Barcelona on July 25, 2020. The Catalan government has ordered the closure of all nightclubs, discos and event venues in this northeastern region of Spain. Spain following an increase in coronavirus cases. AFP via Getty Images Shares of TUI AG lowered travel inventories in Europe on Monday, following the weekend’s announcement by the UK government that any traveler from Spain would face around 40 14 days. The UK abruptly put Spain back on a dangerous travel list, amid a recent spike in Covid-19 cases in parts of the country. Norway has also imposed a quarantine on all Spanish vacationers, while France and Belgium have urged travelers to avoid beaches in the Catalonia region, where cases have increased. TUI shares fell 14%, followed by a 13% drop for easyJet. International Consolidated Airlines, which operates British Airways and other carriers, fell 8%, as did Ryanair, which separately reported a loss of € 185m for the end-June quarter which saw 99% of its traffic nailed to the ground. Carnival and InterContinental Hotels, Wizz Air and On The Beach also fell. TUI has reportedly canceled holidays until August 9 in mainland Spain, countering new outbreaks under control as it tries to save its important tourist season. Resurgences have not been observed in the most popular island destinations for British travelers, such as Ibiza and Mallorca. Ángel Víctor Torres, President of the Canary Islands tweeted on Saturday that the Spanish government is working with the UK to create secure corridors to the islands. Look forward. Unfortunately, this Spanish quarantine announcement is unlikely to be the last of its kind, with outbreaks across Europe likely to provide a summer stop-start for airlines as different regions attempt to shut down everything. surge at Covid-19, “said Joshua Mahony, senior market analyst at IG, in a note. And fears of more sudden changes in government travel policies will only hurt small surges in consumer confidence in travel, analysts at Jefferies warned in a note. This “could lead to a weaker late market (customers decide whether to stay or not to take a vacation) and a delayed booking cycle for next year,” said a team led by Becky Lane, who assesses the underperformance of TUI. A team of Citi analysts, led by James Ainley, reiterated a TUI sales note on Monday. The risk for the group of travelers is that “the advice remains in place for a longer period of time leading to further cancellations and, most importantly, the lingering uncertainty is likely to weigh on bookings.” Ryanair said on Monday that a “second wave of Covid-19 cases across Europe in late fall is our biggest fear right now.” No doubt, it is not the only one. .



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Beyond Meat Is Entering Brazil. Stocks usually react well to the news. | Instant News


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