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Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
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Ottawa Secures 500,000 Bird Flu Vaccine Doses for High-Risk Individuals

 

In a proactive move to safeguard public health, the Canadian government has purchased 500,000 doses of the bird flu vaccine from GSK. The Public Health Agency of Canada (PHAC) announced that this acquisition is part of the country's contingency planning to protect individuals who are at increased risk of exposure to the avian influenza virus.

The vaccine, known as ArepanrixTM H5N1, will be distributed with 60% of the doses allocated to provinces and territories, while the remaining 40% will be kept in a federal stockpile for national preparedness. The PHAC emphasized that the vaccine is intended for people who have ongoing contact with infected animals and their environments, as the risk to the general public remains low.

Canada reported its first domestically acquired human case of avian influenza, also known as H5N1, on November 9, 2024. Health Minister Mark Holland stated that this purchase is among the "proactive steps" being taken to prepare for the potential spread of H5N1.

The PHAC continues to work closely with various health authorities and organizations to manage the global risks of avian influenza and ensure the safety of Canadians.


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