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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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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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