US Business

US approves first pill for treatment of alopecia

The Food and Drug Administration on Monday approved a drug called baricitinib as the first oral tablet for  treating severe alopecia areata, an autoimmune disorder affecting more than 300,000 people in the United States every year.

Alopecia causes either temporary or permanent patchy hair loss that can affect any hair-bearing site of the body, leading to emotional distress. The condition has come to the fore recently through high-profile cases including Hollywood actress Jada Pinkett Smith and congresswoman Ayanna Pressley.

“Access to safe and effective treatment options is crucial for the significant number of Americans affected by severe alopecia,” said FDA official Kendall Marcus in a statement. 

“Today’s approval will help fulfill a significant unmet need for patients with severe alopecia areata.”

Baricitinib, which is made by US pharmaceutical company Eli Lilly and known by the trade name Olumiant, belongs to a class of drugs called Janus kinase inhibitors. It works by interfering with the cellular pathway that leads to inflammation.

Its approval for use against alopecia was based on the results of two randomized, controlled clinical trials involving a total 1,200 adults with severe alopecia.

Each trial split participants into three groups: a placebo group, a group that received a two-milligram dose every day, and a group that received a four-milligram dose every day.

After 36 weeks, almost 40 percent of those on the higher dose grew back 80 percent of their scalp hair, compared to around 23 percent of the lower dose group, and five percent of the placebo group.

Around 45 percent of people in the higher dose group also saw significant eyebrow and eyelash regrowth.

The most common side effects included upper respiratory tract infections, headaches, acne, high cholesterol, and increase of an enzyme called creatine phosphokinase.

Prior treatments for alopecia included topical or oral drugs, but these have been considered experimental and none was approved.

Baricitinib was previously approved for treatment of rheumatoid arthritis, and during the Covid pandemic its license was extended to the treatment of hospitalized Covid patients.

Amazon to start delivering by drone in California town

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.

Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by year-end with the potential to drop off one million packages annually.

Amazon customers in the Northern California town of Lockeford will be able to sign up for free delivery by “Prime Air” drones, the company said in a post.

“Air-eligible” items ordered at the retailer’s website will be packed into drones that will fly to the delivery addresses, deposit packages outside from safe heights, then fly away, according to Amazon.

The drones can carry loads as heavy as five pounds (2.2 kilograms) in packages about the size of a large shoe box, an Amazon spokesperson told AFP.

Items approved for drone delivery will include household products, beauty items, office supplies and tech gear, the spokesperson said.

Amazon said it has created a sophisticated system to enable its drones to detect and avoid aircraft, people, pets and other obstacles.

“We designed our sense-and-avoid system for two main scenarios: to be safe when in transit, and to be safe when approaching the ground,” the company said.

Feedback from the operations in California will be used to expand the drone service.

A variety of companies ranging from new startups to major tech firms such as Google-parent Alphabet are working on autonomous drone delivery.

Alphabet’s project Wing completed its first real-world drone deliveries in 2014 in rural Australia where they successfully transported first-aid supplies, candy bars, dog treats, and water to farmers, according to the company’s website.

Two years after that, Wing drones were used to deliver burritos to students at a university in Virginia.

“The logistics industry is abuzz with all-things drones,” the Amazon team said.

Amazon to start delivering by drone in California town

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.

Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by year-end with the potential to drop off one million packages annually.

Amazon customers in the Northern California town of Lockeford will be able to sign up for free delivery by “Prime Air” drones, the company said in a post.

“Air-eligible” items ordered at the retailer’s website will be packed into drones that will fly to the delivery addresses, deposit packages outside from safe heights, then fly away, according to Amazon.

The drones can carry loads as heavy as five pounds (2.2 kilograms) in packages about the size of a large shoe box, an Amazon spokesperson told AFP.

Items approved for drone delivery will include household products, beauty items, office supplies and tech gear, the spokesperson said.

Amazon said it has created a sophisticated system to enable its drones to detect and avoid aircraft, people, pets and other obstacles.

“We designed our sense-and-avoid system for two main scenarios: to be safe when in transit, and to be safe when approaching the ground,” the company said.

Feedback from the operations in California will be used to expand the drone service.

A variety of companies ranging from new startups to major tech firms such as Google-parent Alphabet are working on autonomous drone delivery.

Alphabet’s project Wing completed its first real-world drone deliveries in 2014 in rural Australia where they successfully transported first-aid supplies, candy bars, dog treats, and water to farmers, according to the company’s website.

Two years after that, Wing drones were used to deliver burritos to students at a university in Virginia.

“The logistics industry is abuzz with all-things drones,” the Amazon team said.

Hollywood stars pen letter calling for responsible gun depictions

Hollywood stars including Amy Schumer, Julianne Moore and Mark Ruffalo signed a letter published on Monday calling for movies and television shows to depict responsible gun ownership and to limit scenes involving children with firearms.

The open letter, penned in response to recent US mass shootings in Uvalde and Buffalo, was also signed by top producers J.J. Abrams (“Lost”), Shonda Rhimes (“Bridgerton”) and Lucasfilm head Kathleen Kennedy.

“Cultural attitudes toward smoking, drunk driving, seatbelts and marriage equality have all evolved due in large part to movies’ and TV’s influence. It’s time to take on gun safety,” says the letter shared by the Brady Campaign, a gun control nonprofit.

“We are not asking anyone to stop showing guns on screen. We are asking writers, directors and producers to be mindful of on-screen gun violence and model gun safety best practices.”

Suggested measures include showing characters locking their guns up safely, and holding discussions before production begins about whether alternatives to guns could be used without “sacrificing narrative integrity.”

Noting that firearms recently surpassed motor vehicle crashes as the leading cause of death among American minors, the letter asks “colleagues in the creative community” to “limit scenes including children and guns.”

Last month, 10 people were shot and killed in a racist attack on a grocery store in New York state. Ten days later, 19 children and two teachers were murdered during a school rampage in Uvalde, Texas.

Overall, 4,368 US children and adolescents up to the age of 19 died from firearms in 2020, according to the Centers for Disease Control and Prevention (CDC).

The open letter was signed by more than 200 Hollywood figures, also including Jimmy Kimmel, Judd Apatow, Bill Lawrence, Damon Lindelof and Adam McKay.

It noted that guns “are prominently featured in TV and movies in every corner of the globe, but only America has a gun violence epidemic.”

“The responsibility lies with lax gun laws supported by those politicians more afraid of losing power than saving lives.

“We didn’t cause the problem, but we want to help fix it.”

US man charged with gun trafficking, a hard problem to solve

The US Justice Department announced Monday the arrest of a man on charges of illegally trafficking firearms, in a case underscoring the difficulties American authorities face in preventing guns from ending up in the wrong hands.

Demontre Antwon Hackworth, 31, was charged with legally buying at least 92 guns, mostly handguns, between 2019 and 2021 and reselling them without a license — and therefore without performing background checks on the buyers — US Attorney General Merrick Garland said at a press conference. 

Sixteen of the weapons were then used in crimes including homicide, assault and drug trafficking across several US states, as well as in Canada in the year following their resale.

Garland said Hackworth’s arrest illustrates the efforts by his department to tackle gun-trafficking, at a time when the United States has experienced “in recent weeks, mass shooting after mass shooting.”

In May, 10 Black people were killed in a shooting at a New York grocery store, and less than two weeks later 19 children and two teachers were shot and killed at a Texas elementary school.

Those tragedies also brought into focus smaller, but more frequent instances of gun violence across the United States.

Garland added that with the help of specialized units, “we are cracking down on the criminal gun-trafficking pipelines that flood our communities with illegal guns,” citing other recent indictments including a Californian accused of having trafficked 89 weapons, most of them “ghost guns” which do not have a serial number.

“These cases are not easy to investigate or prosecute,” said Chad Meacham, the US attorney for northern Texas who oversaw the investigation leading to Hackworth’s arrest.

“The law enforcement agents literally had to work multiple cases backwards before the identity of someone like this defendant becomes even known,” he said.

The weapons involved in these arrests make up only a mere drop in the United States’ ocean of firearms:

According to the Small Arms Survey project, 393.3 million guns were in circulation among the US civilian population in 2017, or 120 guns for every 100 people in the country.

In 2021, an additional 20 million guns were sold, according to the site Small Arms Analytics, with more than 20,000 firearm homicides recorded the same year by the Gun Violence Archive.

'Bear' market: Inflation fears pummel global stocks

Equity markets dove again Monday, with Wall Street officially entering a bear market as investors bet on more aggressive Federal Reserve rate hikes to address runaway inflation.

Global markets churned in the aftermath of the latest US consumer price data, as bitcoin fell to an 18-month low, the dollar streaked higher and oil prices zig-zagged.

“The hangover from a higher-than-expected US inflation reading is continuing to cause scissoring pain throughout the markets, as it extinguishes the hope the US Federal Reserve might be able to take its foot off the pedal on interest rate rises,” noted AJ Bell investment director Russ Mould.

The S&P 500, the broad-based Wall Street equity index, plummeted 3.9 percent to finish the day at 3,749.53, a drop of more than 20 percent from its most recent peak on January 4 — the definition of a bear market.

Bourses in Paris, Frankfurt, Tokyo and Hong Kong all fell at least two percent.

The report Friday showed US consumer prices jumped 8.6 percent compared to May 2021, hitting a fresh 40-year high, topping expectations and dashing hopes that price pressures had peaked.

The Fed has signaled plans for a second large 0.5 percentage-point interest rate hike on Wednesday. 

But more voices are projecting a three-quarter point increase. Barclays said the more aggressive move was called for “to reinforce credibility and get ahead of inflationary pressures.”

The concerns sent the yield on the 10-year US Treasury note, a proxy for interest rates, above 3.3 percent, the highest level in more than 11 years.

“The market is now thinking much more about the Fed driving rates sharply higher to get on top of inflation and then having to cut back as growth drops,” said SPI Asset Management’s Stephen Innes.

The dollar, however, gained ground against major rivals, benefiting from its status as a haven investment and expectations of rapidly rising interest rates. 

The US currency struck a 24-year peak against the yen before retreating, while it broke above 78 Indian rupees for the first time, and jumped more than one percent versus the pound.

Oil prices shook off early weakness and edged higher despite fresh worries about China, where Beijing launched a new round of mass testing in the city following the latest Covid-19 outbreak.

– Bitcoin crash –

Bitcoin tumbled to an 18-month low of under $23,000 as investors shunned risky assets in the face of the vicious global market selloff. 

The unit took a heavy knock also from news that cryptocurrency lending platform Celsius Network paused withdrawals, citing volatile conditions.

“It is not very surprising to see such a strong downturn as we have noticed an increased correlation over the last few years between traditional stocks, which have also tanked recently, and the cryptocurrency market,” noted XTB chief market analyst Walid Koudmani.

Patrick O’Hare, analyst at Briefing.com, said the carnage in the crypto market “is compounding worries about growth prospects due to the reduced wealth effect that also incorporates falling stock and bond prices.”

– Key figures at around 2040 GMT –

New York – Dow: DOWN 2.8 percent at 30,516.74 (close)

New York – S&P 500 : DOWN 3.9 percent at 3,749.63 (close)

New York – Nasdaq: DOWN 4.7 percent at 10.809.23 (close)

London – FTSE 100: DOWN 1.5 percent at 7,205.81 (close)

Frankfurt – DAX: DOWN 2.4 percent at 13,427.03 (close)

Paris – CAC 40: DOWN 2.7 percent at 6,022.32 (close)

EURO STOXX 50: DOWN 2.7 percent at 3,502.50 (close)

Tokyo – Nikkei 225: DOWN 3.0 percent at 26,987.44 (close)

Hong Kong – Hang Seng Index: DOWN 3.4 percent at 21,067.58 (close)

Shanghai – Composite: DOWN 0.9 percent at 3,255.55 (close)

Dollar/yen: UP at 134.42 yen from 134.41 yen late Friday

Euro/dollar: DOWN at $1.0412 from $1.0519

Pound/dollar: DOWN at $1.2136 from $1.2493

Euro/pound: UP at 85.76 pence from 85.41 pence

Brent North Sea crude: UP 0.2 percent at $122.27 per barrel

West Texas Intermediate: UP 0.2 percent at $120.93 per barrel

burs-jmb/hs

WTO seeks shot in the arm with Covid jab IP idea

The WTO’s search for a role in fighting the pandemic sharpened up on Monday as ministers seek a compromise to lift intellectual property rights on Covid-19 vaccines.

The World Trade Organization’s first ministerial meeting since December 2017 is wrestling with the wording of a text that would temporarily waive patents on coronavirus jabs.

It is the main pandemic-combating idea being negotiated at MC12, the global trade body’s 12th ministerial conference, being held from Sunday to Wednesday at its headquarters in Geneva.

But serious objections remain from some of the countries that host major pharmaceutical companies, like Britain and Switzerland — a problem at the WTO, where decisions are taken by consensus rather than by majority.

The world’s big pharma firms are dead set against the idea, insisting that stripping patents will cripple investment and innovation.

They also say the plan has gone past its sell-by date as the world now has a surplus of vaccine doses rather than a shortage.

After Sunday’s opening ceremony and countries setting out their positions, ministers from the 164 WTO members went into rooms at the organisation’s grand, 1920s-era HQ on Lake Geneva to start talking it out face to face.

“There is continued cautious optimism about getting results at this ministerial conference,” WTO spokesman Daniel Pruzin told reporters at the close of Monday’s talks on a range of subjects.

An agreed text on the waiver is “getting closer but it needs a little bit more work” he said, describing the talks as still “problematic”.

– Birthday present? –

This week’s conference is a crunch moment for WTO chief Ngozi Okonjo-Iweala, who has staked her leadership on breathing new life into the crippled organisation, where progress has been stumbling for years.

The Nigerian former finance and foreign minister took over in March 2021 on a mission to make the WTO relevant again.

But on her 68th birthday Monday, there was no immediate sign of a breakthrough on vaccine patents.

“Pretending that a sweeping IP waiver would solve the problem does not correspond to reality. IP is not part of the problem but part of the solution,” Swiss ambassador Markus Schlagenhof told reporters.

British trade minister Anne-Marie Trevelyan said the challenge was to reach a “workable decision” on the waiver “which supports business and governments”.

Public interest groups say the draft text falls far short of what is needed, by time-limiting and complicating the vaccine patents waiver — and by leaving out Covid treatments and diagnostics.

Campaigners staged a protest in the WTO’s central atrium, chanting slogans and unfurling banners reading: “No monopolies on Covid-19 medical tools” and “End vaccine apartheid”.

“Folks have been campaigning on this for two years and it’s been a complete wall by a few countries,” demonstration organiser Deborah James told AFP.

“It’s an indictment of the WTO system: it’s completely broken, it can’t respond to a pandemic, it has no ability to put anything other than maximising profits for corporations ahead of anything else.”

– Agreement getting closer –

In October 2020, India and South Africa began pushing for the WTO to lift IP rights on Covid-19 vaccines, tests and treatments to help ensure more equitable access in poorer nations.

After multiple rounds of talks, the United States, the European Union, India and South Africa hammered out a compromise.

The text would allow most developing countries, although not China, to produce Covid vaccines without authorisation from patent holders.

Pruzin said the talks still needed to come up with a formulation on which countries would be eligible for the waiver.

Under discussion is whether countries that produce more than 10 percent of global vaccines would be ineligible to use the waiver, or whether countries would self-declare that the waiver should not apply to them.

Besides production, a second text being negotiated seeks to tackle supply constraints faced by certain countries in getting hold of Covid-fighting tools.

Pruzin said members were coming close to agreeing a text.

While many ministers said the draft on pandemic preparedness and response was “not ideal, nonetheless, broad convergence seems to be emerging for its adoption”, he told reporters.

Beyond the pandemic, the WTO faces pressure to eke out long-sought trade deals on a range of issues and show unity amid an impending global hunger crisis.

Idaho police get death threats after alleged white supremacists arrested

Police in the US state of Idaho have received death threats after arresting 31 members of a white supremacist group who were preparing to riot at a weekend Pride event, an officer said Monday.

The arrests were made Saturday after someone called 911 to warn about masked men who “looked like a little army” climbing into a truck and seemingly headed to the LGBTQ event at a park in the northwestern state.

The men — who police believe are linked to US far-right cell Patriot Front — were intercepted before they could reach Coeur d’Alene City Park.

They were armed with “shields, shin guards and other riot gear… including at least one smoke grenade,” and were arrested for conspiracy to riot, said Coeur d’Alene Police Chief Lee White.

At a Monday press conference, White said half of around 150 calls received by his department since the arrests were from anonymous people wanting to “scream and yell at us” and “offer death threats against myself and other members of the police department, merely for doing our jobs.”

White attributed the abusive calls to “hate groups from outside” Coeur d’Alene, with one person phoning from Norway to “give us their opinions.”

The police chief said he and his department had been surprised by “the level of preparation that we saw” and by the “equipment that was carried and worn by those individuals.”

“It was very clear to us immediately that this was a riotous group” with “some ill intent,” he added.

The Southern Poverty Law Center, a justice and rights body which tracks extremist organizations, has labeled Patriot Front a white nationalist hate group. 

White said the arrested men came from at least 11 different US states, and that he had not previously encountered the Patriot Front in the area.

The remote hills of northern Idaho were long associated with Aryan Nations, a neo-Nazi group which hoped to establish a separate white-only region, and was tied to numerous violent crimes across the United States.

But Mayor Jim Hammond said the area was “not going back to the days of the Aryan Nations” and was “able to completely rid ourselves of that group and the kind of awful culture that they were trying to present to our community.”

An FBI spokeswoman told AFP that federal officers were assisting local authorities.

“If, in the course of the investigation, information comes to light of a potential federal violation, the FBI is prepared to investigate,” said Sandra Barker via email.

Wildfire tears through California forest as temperatures rocket

A wildfire was burning out of control Monday in forest outside Los Angeles after a weekend of record-breaking temperatures, and as forecasters warn of fire danger across the parched US West.

Almost 1,000 acres (400 hectares) had been charred by the Sheep fire since it erupted in the Los Angeles national forest on Saturday evening.

Thousands were warned to evacuate their homes in the community of Wrightwood, with the fire just five percent contained.

Firefighters battling the blaze said it was ripping through an area with thick vegetation. 

“The terrain is very steep — it’s a bad area,” Alison Hesterly of Cal Fire San Bernardino told the Los Angeles Times.

Over 200 firefighters were battling the blaze, including from the air.

“They’re really focusing hard on the edges on the northwest side and the south end to secure those edges, to hope that the wind won’t blow the fire out of the containment lines,” Hesterly said. 

“That’s a huge focus for today — securing those high-risk areas with hose lines and hand lines.”

Video on social media showed towering flames gripping trees and being fanned by strong winds.

The fire erupted as parts of California and the West were smothered in extreme heat, with temperatures in Palm Springs on Saturday hitting 114 Fahrenheit (45.5 Celsius), the highest for the day since records began.

The Southwest has been baked by a once-in-a-thousand-years drought that has left vegetation exceedingly dry and flammable.

Fire chiefs are warning that 2022 looks set to be a terrible year for wildfire.

“Given the fuel conditions, the fire conditions that we’re here talking about, I foresee a very tough four, five, six months in front of us,” Orange County Fire Authority Chief Brian Fennessy said last week.

The National Weather Service said Monday that fire danger was widespread across the region.

“An expansive area of critical fire weather conditions is expected across the Southwest into the southern and central Rockies and High Plains,” the NWS said on its website.

“Red Flag Warnings have been raised today for large portions of southeastern Utah, southwestern Colorado, northern and central Arizona and New Mexico today. 

“Dry and windy conditions will promote the rapid spread of fires across these areas.”

In New Mexico, hundreds of thousands of acres of forest have been consumed in wildfires that have been burning for months.

US President Joe Biden on Saturday flew over some of the blazes, before being briefed on efforts to combat the fires.

Temperature variations and wildfires are both expected parts of the natural cycle.

But global warming, driven chiefly by humanity’s unchecked burning of fossil fuels, has knocked the climate out of kilter.

Hot periods are hotter than they were and weather cycles are less stable.

This has exacerbated droughts and vastly increases the risk of disastrous wildfires.

Amazon to start delivering by drone in California town

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.

Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by year-end with the potential to drop off one million packages annually.

Amazon customers in the Northern California town of Lockeford will be able to sign up for free delivery by “Prime Air” drones, the company said in a post.

“Air-eligible” items ordered at the retailer’s website will be packed into drones that will fly to the delivery addresses, deposit packages outside from safe heights, then fly away, according to Amazon.

Amazon said it has created a sophisticated system to enable its drones to detect and avoid aircraft, people, pets and other obstacles.

“We designed our sense-and-avoid system for two main scenarios: to be safe when in transit, and to be safe when approaching the ground,” the company said.

Feedback from the service in California will be used to expand the drone service.

A variety of companies ranging from new startups to major tech firms such as Google-parent Alphabet are working on autonomous drone delivery.

Alphabet’s drone project Wing completed its first real-world deliveries in 2014 in rural Australia where they successfully transported first-aid supplies, candy bars, dog treats, and water to farmers, according to the company’s website.

Two years after that, Wing drones were used to deliver burritos to students at a university in Virginia.

“The logistics industry is abuzz with all-things drones,” the Amazon team said.

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