Tag Archives: MEDST

South Korea begins probe into deadly Halloween crush

  • Death toll rises to 154, 149 injured
  • Government promises thorough investigation
  • Residents, officials offer condolences at memorials
  • Disaster is South Korea’s worst since 2014 Sewol ferry sinking

SEOUL, Oct 31 (Reuters) – South Korean investigators combed footage on Monday from more than 50 state and private closed-circuit TV cameras as well as from social media looking for answers to how a surge in Halloween party-goers trapped in narrow alleys killed so many.

As the country began a week of mourning, the death toll climbed to 154. Another 149 people were injured, 33 of them in serious condition. Citizens from at least two dozen countries were among the dead.

South Korean Prime Minister Han Duck-soo has promised a thorough investigation and authorities said they were focused on reconstructing the chain of events leading up to the surge and were looking at whether anyone may have been responsible for triggering the crush.

“We are analysing CCTVs to find out the exact cause of the accident,” Police chief investigator Nam Gu-jun told reporters.

“We will continue questioning more witnesses, including nearby shop employees,” he said.

Tens of thousands of revellers – many in their teens and twenties and dressed in costume – had crowded into narrow streets and alleyways of the popular Itaewon district on Saturday for the first virtually unrestricted Halloween festivities in three years.

But chaos erupted when people poured into one particularly narrow and sloping alley, even after it was already packed, witnesses said.

The identification of the victims was nearly complete and funeral preparations can move ahead, Han said. “We will do our best to provide necessary support by reflecting the opinions of the bereaved families as much as possible.”

A man pays tribute near the scene of the stampede during Halloween festivities, in Seoul, South Korea, October 30, 2022. REUTERS/Kim Hong-ji

On Monday, people laid white chrysanthemums, drinks and candles at a small makeshift altar off an exit of the Itaewon subway station.

Jung Si-hoon, a retiree, placed an old wooden cross at the altar, saying nothing could be done to bring back all the young people who had died.

“Those poor people, all at similar ages to my grandchildren… What more should we say? We should pray for them and wish they rest in peace,” he said.

On Monday afternoon, dozens of crime scene investigators and forensics officers descended onto the trash-strewn alleys which were eerily quiet with many shops and cafes closed.

One agent with the National Forensic Service team, in white overalls and a black ribbon of mourning pinned to his chest, operated a Leica 3D scanner, he said, “to capture the scene.”

President Yoon Suk-yeol, who has designated Itaewon a disaster zone, visited a memorial altar near the Seoul city hall and paid his respects to victims on Monday.

Schools, kindergartens and companies around the country scrapped planned Halloween events. K-pop concerts and government briefings were also cancelled.

The crush came as Itaewon was just starting to thrive again after more than two years of COVID-19 restrictions. The disaster is the country’s deadliest since a 2014 ferry sinking that killed 304 people, mainly high school students.

Han said there had been incidents of people propagating hate speech by blaming victims, as well as incidents involving the spreading of false information and the posting of disturbing scenes of the crush online. A National Police Agency official said they were investigating six related cases.

Reporting by Soo-hyang Choi and Ju-Min Park; Additional reporting by Choonsik Yoo and Joyce Lee; Writing by Lincoln Feast and Jack Kim; Editing by Gerry Doyle, Edmund Klamann and Edwina Gibbs

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Exclusive: Output of Apple iPhones at major China plant could fall 30% amid COVID curbs

TAIPEI, Oct 31 (Reuters) – Production of Apple Inc’s (AAPL.O) iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday.

Manufacturer Foxconn, formally Hon Hai Precision Industry Co Ltd (2317.TW), is working to boost production at another factory in Shenzhen city to make up for the shortfall, said the person, declining to be identified as the information was private.

Its main Zhengzhou plant in central China, which employs about 200,000 people, has been rocked by discontent over stringent measures to curb the spread of COVID-19, with several workers fleeing the site over the weekend. read more

The possible impact on production comes amid a traditionally busy time for electronics makers ahead of the year-end holiday season, which is also a prime time for vendors such as Apple.

Foxconn on Sunday said it was bringing the situation under control and would coordinate back-up production with other plants to reduce any potential impact. Its share price closed down 1.4% on Monday versus a 1.3% rise in the broader market (.TWII). read more

Apple did not respond to a request for comment.

Foxconn is Apple’s biggest iPhone maker, producing 70% of iPhone shipments globally, which in turn makes up 45% of the Taiwanese firm’s revenue, analysts at Taipei-based Fubon Research said this month.

It also builds the device in India, but its Zhengzhou factory assembles the majority of its global output.

A second person familiar with the situation said many workers remained at the Zhengzhou plant and that production was continuing.

STRICT COVID-19 MEASURES

Under China’s ultra-strict zero-COVID-19 policies, localities must act swiftly to quell outbreaks, with measures including full-scale lockdowns.

Factories in affected areas are often allowed to stay open on condition they operate under a “closed loop” system where staff live and work on-site. Businesses have said such arrangements pose numerous difficulties.

Foxconn on Oct. 19 banned dining at canteens at the Zhengzhou plant and required workers to eat meals in dormitories. It said production was normal.

The measures led to people who said they worked at the site venting frustration about their treatment and provisions via social media.

Scores fled the site over the weekend, with photographs and videos on social media purporting to show Foxconn staff trekking across fields in daytime and along roads at night. Reuters could not immediately verify the authenticity of the posts. read more

Foxconn has not disclosed whether any workers at the Zhengzhou site had been diagnosed with COVID-19. Authorities have since Oct. 19 reported 264 locally transmitted COVID-19 cases in Zhengzhou, the capital of central Henan province.

Foxconn implemented closed loop measures in March and July this year at its smaller Shenzhen factory as cases in the southern city rose.

In May, the Shanghai plant of another Apple supplier, MacBook assembler Quanta Computer Inc (2382.TW), was also hit by worker chaos after the discovery of COVID-19 cases despite a closed-loop system being put in place. read more

(This story has been refiled to correct headline clarifying that the figure applies to output at a single factory)

Reporting by Yimou Lee; Additional reporting by Brenda Goh; Editing by Gerry Doyle and Christopher Cushing

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Lula narrowly defeats Bolsonaro to win Brazil presidency again

SAO PAULO, Oct 30 (Reuters) – Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in a runoff election on Sunday that marked a stunning comeback for the leftist former president and the end of Brazil’s most right-wing government in decades.

Brazil’s Supreme Electoral Court declared Lula the next president, with 50.9% of votes versus 49.1% for Bolsonaro. The 77-year-old Lula’s inauguration is scheduled for Jan. 1.

The vote was a rebuke for the fiery far-right populism of Bolsonaro, who emerged from the back benches of Congress to forge a novel conservative coalition but lost support as Brazil ran up one of the worst death tolls of the coronavirus pandemic.

Bolsonaro remained silent on Sunday night after the results were announced and some of his allies publicly acknowledged his defeat, defying expectations that he might immediately challenge the narrow result after making baseless claims of fraud in previous elections.

Bolsonaro did not make a call to Lula, according to campaign advisers.

Lula said in a speech he would unite a divided country and ensure that Brazilians “put down arms that never should have been taken up,” while inviting international cooperation to preserve the Amazon rainforest and make global trade more fair.

“I will govern for 215 million Brazilians, and not just for those who voted for me,” Lula said at his campaign headquarters. “There are not two Brazils. We are one country, one people, one great nation.”

Lula arrived at a rally in Sao Paulo shortly after 8:00 p.m. (1100 GMT), waving from the sunroof of a car. Ecstatic supporters near Paulista Avenue waited for him, chanting slogans and drinking champagne.

Vice President-elect Geraldo Alckmin and campaign aides jumped up and down chanting, “It’s time Jair, it’s time to leave already,” in a video circulating on social media.

OPPOSITION

Last year, Bolsonaro, 67, openly discussed refusing to accept the results of the vote.

A senior Bolsonaro campaign aide, speaking on condition of anonymity, said he would not make a speech on Sunday. The Bolsonaro campaign did not respond to a request for comment.

One close Bolsonaro ally, lawmaker Carla Zambelli, in an apparent nod to Lula’s victory wrote on Twitter, “I PROMISE you, I will be the greatest opposition that Lula has ever imagined.”

Electoral authorities are bracing for him to dispute the outcome, sources told Reuters, and made security preparations in case his supporters stage protests.

U.S. President Joe Biden congratulated Lula for winning “free, fair and credible elections,” joining a chorus of compliments from European and Latin American leaders.

His victory consolidates a new “pink tide” in Latin America, after landmark leftist victories in Colombia and Chile’s elections, echoing a regional political shift two decades ago that introduced Lula to the world stage.

Lula has vowed a return to state-driven economic growth and social policies that helped lift millions out of poverty when he was previously president from 2003 to 2010. He also promises to combat destruction of the Amazon rainforest, now at a 15-year high, and make Brazil a leader in global climate talks.

“These were four years of hatred, of negation of science,” Ana Valeria Doria, 60, a doctor in Rio de Janeiro who celebrated with a drink. “It won’t be easy for Lula to manage the division in this country. But for now it’s pure happiness.”

A former union leader born into poverty, Lula organized strikes against Brazil’s military government in the 1970s. His two-term presidency was marked by a commodity-driven economic boom and he left office with record popularity.

However, his Workers Party was later tarred by a deep recession and a record-breaking corruption scandal that jailed him for 19 months on bribery convictions, which were overturned by the Supreme Court last year.

In his third term, Lula will confront a sluggish economy, tighter budget constraints and a more hostile legislature.

Bolsonaro’s allies form the largest bloc in Congress after this month’s general election and won the races for governor in Brazil’s three most economically powerful states, highlighting the enduring strength of his conservative coalition.

Reporting by Brian Ellsworth and Lisandra Paraguassu in Sao Paulo, Anthony Boadle and Ricardo Brito in Brasilia, Gabriel Stargardter in Rio de Janeiro; Editing by Brad Haynes and Grant McCool

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Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou

BEIJING, Oct 30 (Reuters) – Cities in central China hastily drew up plans to isolate migrant workers fleeing to their hometowns from a vast assembly facility of iPhone maker Foxconn (2317.TW) in COVID-hit Zhengzhou, fearing they could trigger coronavirus outbreaks.

Zhengzhou, capital of central
Henan province, reported 167 locally transmitted COVID-19 cases in the seven days to Oct. 29, up from 97 infections in the prior seven-day period.

Apple (AAPL.O) supplier Foxconn, based in Taiwan, currently has about 200,000 workers at its Zhengzhou complex and has not disclosed the number of infected workers, but said on Sunday that it would not stop workers from leaving.

Late on Saturday, cities near Zhengzhou, including Yuzhou, Changge and Qinyang, urged Foxconn workers to report to local authorities in advance before heading home.

Returning workers are to travel “point-to-point” in pre-arranged vehicles and are to be quarantined on arrival, they said in separate letters on their respective social media accounts addressed to Zhengzhou Foxconn workers.

Under China’s ultra-strict zero-COVID policy, cities are mandated to act swiftly to quell any outbreaks, with measures that could include full-scale lockdowns. On Oct. 19, Foxconn banned all dine-in at canteens and required workers to take their meals in their dormitories.

“The government agreed to resume dine-in meals to improve the convenience and satisfaction of employees’ lives,” Foxconn told Reuters in an emailed reply to queries on Sunday.

“At the same time, for some employees who want to return home, the (plant) is cooperating with the government to organise personnel and vehicles to provide a point-to-point orderly return service for employees from today.”

Disruptions from China’s COVID policies to commerce and industry have intensified in recent weeks as cases multiplied. Shanghai Disneyland said on Saturday it would operate at reduced capacity. On Wednesday, Universal Beijing Resort was suspended after the visit of one infected individual.

“We are very aware that under the current situation, it is a protracted battle,” Foxconn said.

But the situation was gradually coming under control, it said, and Foxconn would coordinate back-up production capacity with its other plants to reduce any potential impact.

Apple did not immediately reply to a Reuters request for comment on the Foxconn situation.

‘I COULDN’T HELP BUT FEEL SAD’

Foxconn did not respond to Reuters questions on how many cases had been detected at its Zhengzhou plant and how many workers had left.

Photographs and videos circulating on Chinese social media since Saturday showed Foxconn workers, apparently returning home, trekking across fields in the day and along roads at night. Reuters could not immediately verify the authenticity of the posts.

In a show of support, residents in the vicinity left bottled water and provisions next to roads with signs such as: “For Foxconn workers returning home”, according to social media posts.

“Some people were walking amid wheat fields with their luggage, blankets and quilts,” wrote a user of WeChat in a post about the social media images.

“I couldn’t help but feel sad.”

Reporting by Ryan Woo and Ziyi Tang; Editing by Edmund Klamann and Nick Macfie

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Factbox: Parties clash in election lawsuits ahead of U.S. midterms

WASHINGTON, Oct 28 (Reuters) – In the months leading up to the U.S. midterm elections, lawyers for Democrats and Republicans are already squaring off in a wave of lawsuits challenging state rules on how to vote and the counting of ballots.

Here is a summary of significant cases filed ahead of the Nov. 8 election and where they stand.

POLL WATCHERS

The Republican National Committee in November reached a settlement in a lawsuit against officials in Clark County, Nevada, that requires election officials to release poll workers’ partisan affiliations. The party filed a similar lawsuit this month seeking information on poll workers in Maricopa County, Arizona.

The RNC also successfully sued authorities in North Carolina and Michigan to roll back new restrictions on partisan poll watchers.

Meanwhile in Arizona, voting rights groups have sued over “drop box watchers” in Maricopa County, claiming their actions, including allegedly carrying weapons and tactical gear, are intimidating voters who visit the boxes to deposit their ballots. That case is pending.

COUNTING VOTES, QUESTIONING VOTERS

The American Civil Liberties Union has sued to challenge the counting of votes by hand in Nevada’s rural Nye County, arguing that the process violates federal and state law. The case is now before the Nevada Supreme Court, which earlier this month blocked officials from livestreaming the count ahead of election day.

Also this month, the Pennsylvania Supreme Court agreed to take up a Republican National Committee lawsuit seeking to throw out undated mail-in ballots on a fast-tracked schedule.

A Phoenix judge in August blocked a bid by Republican Arizona governor candidate Kari Lake to stop the use of electronic vote tabulators. Lake claimed the machines created “unjustified new risks” of fraud. The decision is on appeal.

In Colorado, the state chapter of the NAACP and other voting-rights groups lost a bid in April to stop a conservative group called the U.S. Election Integrity Plan from canvassing individuals about their voting activity in the 2020 election. The group claims the effort is an attempt to root out voter fraud, and the case is ongoing.

MAIL BALLOT BATTLES

Rules that concern voting by mail have been a particular flash point this year. After many states expanded mail voting in the 2020 election in response to the COVID-19 pandemic, Republicans and conservative groups have sought to roll it back, arguing that it leads to fraud.

They have had success in some states, including Delaware, where the state Supreme Court this month overturned a law that allowed people to vote by mail for any reason.

In July, the conservative Wisconsin Institute for Law & Liberty won a challenge to ban drop boxes in the state.

Other Republican efforts have faltered. Earlier this month, a judge rejected a bid by America First Legal, a group founded by former Trump aides, to require that drop boxes in Pennsylvania’s Lehigh County be physically monitored to ensure that voters are only delivering their own ballots. The group has appealed.

In Arizona, where mail-in ballots have been widely used for decades, a state court in June dismissed a lawsuit by the state Republican party seeking to ban the practice. The party has appealed.

And in North Carolina, Republicans lost a bid to shorten the deadline for election officials to receive mail ballots from Nov. 14 to Nov. 11. Another lawsuit in Illinois, challenging the counting of mail ballots up to two weeks after election day, is pending.

VOTER OUTREACH

Civil rights groups and, in some cases, the Biden administration are challenging new Republican-backed state laws that seek to limit voter registration and outreach.

Civil-rights groups in Florida won a ruling that struck down most of a new law restricting voter-registration activity and limiting the use of drop boxes, but the provisions remain in effect while the state appeals.

In Arizona, a judge in September temporarily blocked a 2022 law allowing the cancellation of cancel voter registrations of people they suspect are not U.S. citizens, following a challenge by a civil rights group.

The U.S. Justice Department and several Hispanic groups have separately challenged the state’s proof of citizenship requirement.

In Texas, the Justice Department and civil-rights groups are challenging a wide-ranging 2021 state law that criminalizes many voter outreach efforts. That litigation is ongoing.

The Justice Department and civil rights groups have also sued Georgia to overturn a state law that criminalizes efforts to help people who are waiting in line to vote, among other restrictions.

Reporting by Andy Sullivan and Jacqueline Thomsen; Editing by David Bario, Noeleen Walder and Daniel Wallis

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Jacqueline Thomsen

Thomson Reuters

Jacqueline Thomsen, based in Washington, D.C., covers legal news related to policy, the courts and the legal profession. Follow her on Twitter at @jacq_thomsen and email her at jacqueline.thomsen@thomsonreuters.com.

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Explainer: COVID, flu and RSV this U.S. winter: Why experts are worried

Oct 26 (Reuters) – U.S. doctors are warning that a surge in cases of respiratory syncytial virus (RSV) is coinciding with an increase in COVID transmission and an earlier-than-normal flu season, raising the specter of a “tripledemic” of respiratory illness this winter.

In particular, RSV infections among young children are reportedly filling some U.S. hospitals to capacity.

“We are already seeing patients testing positive for more than one virus,” said pediatrician Dr. Ira Wardono of Providence Cedars-Sinai Tarzana Medical Center in Tarzana, California, in a statement.

WHO IS AT RISK?

Infants are most at risk from RSV because they often cannot cough up the secretions caused by the virus and may need airway suctioning or intravenous fluids. Some may need extra oxygen. Older children and most adults typically experience mild, cold-like symptoms.

On average, RSV leads to 58,000 hospitalizations among children under age 5 and 177,000 hospitalizations among adults age 65 and older each year, according to the U.S. Centers for Disease Control and Prevention.

RSV deaths are rare in U.S. children, but 14,000 adults die annually from the virus, with older or immunocompromised individuals at greatest risk, the CDC said.

WHAT CAN PREVENT RSV?

Infection with RSV can be prevented in the same way one would ward off any virus: staying away from people who are sick, ensuring the best possible ventilation when you are indoors, wearing a high quality mask, and keeping your hands as clean as possible, said Dr. Jay Varma, Chief Medical Adviser at Kroll.com and Director of the Weill Cornell Center for Pandemic Prevention and Response.

High-risk infants can receive preventive treatment with monthly doses of Synagis (palivizumab) from Swedish drugmaker Orphan Biovitrum. AstraZeneca Plc and Sanofi SA are hoping for U.S. and European approval of Beyfortus (nirsevimab) for preventing RSV infections in newborns and infants.

There is no vaccine against RSV, although Pfizer Inc is developing RSVpreF for adults. In the meantime, it is important “for everyone to get up to date on their COVID and flu vaccines,” Varma said.

WHAT IS CAUSING THIS SURGE?

Part of the increase in RSV cases is due to the relaxation of COVID-precautions, such as masking and social distancing, which reduced rates of both RSV and flu during the pandemic, Varma said.

RSV rates were unusually low in the fall/winter of 2020-2021 but increased dramatically starting in Spring 2021 and have spiked since late August.

The CDC says it cannot yet predict when the previous seasonal patterns will return.

Reporting by Nancy Lapid; Editing by Michele Gershberg and Richard Pullin

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Three found guilty of aiding plot to kidnap Michigan Governor Whitmer

Oct 26 (Reuters) – Three men accused of aiding a 2020 plot to kidnap Michigan Governor Gretchen Whitmer were found guilty on Wednesday of taking part in a conspiracy that prosecutors ascribed to hostility over restrictions she imposed during the COVID-19 pandemic.

A jury found Joseph Morrison, 28, his father-in-law Pete Musico, 44, and Paul Bellar, 23, guilty of gang membership, firearm violations and providing material support for terrorism.

They could each face up to 20 years in prison when sentenced on December 15.

The three were among more than a dozen men arrested in October 2020 and charged with state or federal crimes related to the conspiracy. The group planned to break into Whitmer’s vacation home, kidnap her and take her at gunpoint to stand “trial” on treason charges, prosecutors said.

Seven of the accused, including Morrison, Musico and Bellar, have now been convicted by a jury or pleaded guilty to playing roles in the conspiracy.

After the verdicts, Whitmer, a Democrat who is up for re-election in November, said she was not disheartened by the evidence presented in the case, which highlighted the growth of U.S. political militancy in recent years.

“No threat, no plot, no rhetoric will break my belief in the goodness and decency of our people,” she said in a tweet. “And these verdicts are further proof that violence and threats have no place in our politics.”

The verdict, after two weeks of testimony in Jackson County Circuit Court, was a victory for state prosecutors who argued that the men on trial assisted two others who in August were found guilty in federal court of orchestrating the kidnapping conspiracy.

Defense attorneys argued their client did not know of a plan to kidnap the governor and that their actions were protected by the First and Second Amendments of the U.S. Constitution.

After the verdict, the defense attorneys – all of them public defenders – said they were disappointed and had advised their clients to appeal.

Prosecutors did not immediately respond to a request for comment on the verdicts.

In the earlier trial, Adam Fox and Barry Croft Jr. were found guilty of plotting to abduct Whitmer from her vacation home. Their convictions followed a first trial earlier this year that ended in a hung jury, while two other defendants were acquitted during those proceedings.

The conspirators hoped that an abduction would lead to a violent uprising and instigate a civil war, prosecutors said.

Morrison and Musico were accused of hosting tactical training sessions on their property in a remote part of Michigan. Bellar was accused of providing plans for tactical maneuvers, coded language for covert communication and ammunition.

All three were members of a militia group called the Wolverine Watchmen, prosecutors said.

In September, a federal judge reduced the sentence of another accused conspirator, Ty Garbin, who pleaded guilty to participating in the plot after his testimony helped convict Fox and Croft. read more

Kaleb Franks, who also pleaded guilty to playing a role in the scheme, was sentenced to four years in prison earlier this month after serving as a key witness in the case against Fox and Croft.

Reporting by Tyler Clifford in New York and Brendan O’Brien in Chicago; Editing by Alistair Bell, Jonathan Oatis and Howard Goller

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Adidas ends Kanye West partnership over antisemitism, hate speech

  • Adidas ends partnership immediately
  • To take ~$250 mln hit to 2022 net income
  • Adidas sole owner of design rights

Oct 25 (Reuters) – Adidas AG (ADSGn.DE) is immediately terminating its partnership with Kanye West, the sporting goods maker said on Tuesday, reacting to a rash of offensive behaviour from the American rapper and designer.

The decision comes after Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review earlier this month following its efforts to privately resolve the issue.

“Adidas does not tolerate antisemitism and any other sort of hate speech,” the German company said.

“Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness,” it said, referring to the rapper by his legal name.

A lawyer representing Ye did not respond to a request for comment.

Ending the partnership and the production of Yeezy branded products, as well as stopping all payments to Ye and his companies, will “have a short-term negative impact” of up to 250 million euros ($248.90 million)” on Adidas’ net income this year, the company said.

Ye has courted controversy in recent months by publicly ending major corporate tie-ups and due to outbursts on social media against other celebrities. His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.

In now-deleted Instagram posts from earlier this year, the multiple Grammy award-winning artist accused Adidas and U.S. apparel retailer Gap Inc (GPS.N) of failing to build contractually promised permanent stores for products from his Yeezy fashion line.

He also accused Adidas of stealing his designs for its own products.

On Tuesday, Gap, which had ended its partnership with Ye in September, said it was taking immediate steps to remove Yeezy Gap products from its stores and that it had shut down YeezyGap.com.

“Antisemitism, racism and hate in any form are inexcusable and not tolerated in accordance with our values,” Gap said in a statement. The company was selling existing Yeezy Gap stocks until the sell-off period.

European fashion house Balenciaga has also cut ties with Ye, according to media reports.

“The saga of Ye … underlines the importance of vetting celebrities thoroughly and avoiding those who are overly controversial or unstable,” said Neil Saunders, managing director of GlobalData.

Adidas poached Ye from rival Nike Inc (NKE.N) in 2013 and agreed to a new long-term partnership in 2016 in what the company then called “the most significant partnership created between a non-athlete and a sports brand.”

The tie-up helped the German brand close the gap with Nike in the U.S. market.

Yeezy sneakers, which cost between $200 and $700, generate about 1.5 billion euros ($1.47 billion) in annual sales for Adidas, making up a little over 7% of its total revenue, according to estimates from Telsey Advisory Group.

Shares in Adidas, which cut its full-year forecast last week, closed down 3.2%. The group said it would provide more information as part of its upcoming Q3 earnings announcement on Nov. 9.

($1 = 1.0044 euros)

Reporting by Mrinmay Dey, Uday Sampath and Aishwarya Venugopal in Bengaluru; Editing by Tomasz Janowski, Sriraj Kalluvila, Bernadette Baum and Anil D’Silva

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Pfizer expects to hike U.S. COVID vaccine price to $110-$130 per dose

NEW YORK, Oct 20 (Reuters) – Pfizer Inc expects to roughly quadruple the price of its COVID-19 vaccine to about $110 to $130 per dose after the United States government’s current purchase program expires, Pfizer executive Angela Lukin said on Thursday.

Lukin said she expects the vaccine – currently provided for free to all by the government – will be made available at no cost to people who have private insurance or government paid insurance.

Reuters earlier on Thursday reported that Wall Street was expecting such price hikes due to weak demand for COVID vaccines, which meant vaccine makers would need to hike prices to meet revenue forecasts for 2023 and beyond.

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The U.S. government currently pays around $30 per dose to Pfizer and German partner BioNTech SE (22UAy.DE). In 2023, the market is expected to move to private insurance after the U.S. public health emergency expires.

“We are confident that the U.S. price point of the COVID-19 vaccine reflects its overall cost effectiveness and ensures the price will not be a barrier for access for patients,” Lukin said.

It is not yet clear what kind of access people without health insurance will have to the vaccine.

Pfizer said it expects the COVID-19 market to be about the size of the flu shot market on an annual basis for adults, but that the pediatric market would take longer to build based on shots given so far.

So far the U.S. rollout of updated COVID-19 booster shots which target both the original coronavirus strain and the Omicron strain has lagged last year’s rate despite more people being eligible for the shots.

Around 14.8 million people in the U.S. received a booster shot over the first six weeks of the rollout of the new shots. In the first six weeks of the 2021 revaccination campaign, over 22 million people received their third shot even though only older and immunocompromised people were eligible at that point.

Lukin said she does not expect purchasing of the vaccines to transfer to the private sector until the first quarter of 2023 “at the earliest.” The move is dependent on the government contracted supply being depleted.

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Reporting by Michael Erman; Writing by Caroline Humer; Editing by Bill Berkrot and Richard Pullin

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The big reveal: Xi set to introduce China’s next standing committee

BEIJING, Oct 21 (Reuters) – Xi Jinping, poised to clinch a third five-year term as China’s leader, will on Sunday preside over the most dramatic moment of the Communist Party’s twice-a-decade congress and reveal the members of its elite Politburo Standing Committee.

Xi’s break with precedent to rule beyond a decade was set in motion when he abandoned presidential term limits in 2018. His norm-busting as China’s most powerful ruler since Mao Zedong has made it even harder to predict who will join him on the standing committee.

The 69-year-old leader’s grip on power appears undiminished by a sharp economic slowdown, frustration over his zero-COVID policy, and China’s increasing estrangement from the West, exacerbated by his support for Russia’s Vladimir Putin.

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The new leadership will be unveiled when Xi, widely expected to be renewed in China’s top post as party general secretary, walks into a room of journalists at Beijing’s Great Hall of the People, followed by the other members of the Politburo Standing Committee (PSC) in descending order of rank.

The lineup – who is in, who is not, and who is revealed to replace Premier Li Keqiang when he retires in March – will give party-watchers grist to speculate over just how much Xi has consolidated power by appointing loyalists.

At the same time, some analysts and diplomats say, the makeup of the standing committee and the identity of the premier matter less than they once did because Xi has moved away from a tradition of collective leadership.

“The new PSC line up will tell us whether Xi cares only about personal loyalty or whether he values some diversity of opinion at the top,” said Ben Hillman, director of the Australian Centre on China in the World at Australian National University.

“It is possible that the new PSC will consist entirely of Xi loyalists, which will signify the consolidation of Xi’s power, but pose great risks for China. A group of ‘yes’ men at the top will limit the information available for decision-making.”

IN OR OUT?

At least two of the seven current Standing Committee members are expected to retire due to age norms. Reports this week in the Wall Street Journal and South China Morning Post suggest there could be as many as four openings, with Premier Li, 67, possibly among those stepping down.

As for the next premier, although Wang Yang, 67, and Hu Chunhua, 59, a former and current vice premier, respectively, are both considered by analysts to be well-qualified by the traditional standards of a role charged with overseeing the economy, they lack long-term connections to Xi.

Shanghai party boss Li Qiang, who has long-standing ties to Xi, is likely to join the PSC and is considered a leading contender to be premier, the Wall Street Journal reported, citing unnamed sources close to party leaders.

Li’s elevation to premier would be a strong sign of the importance of loyalty to Xi following Shanghai’s punishing and unpopular two-month COVID-10 lockdown this year, for which Li drew heavy blame from residents.

Another loyalist seen by party-watchers as a candidate for promotion is Ding Xuexiang, 60, who is Xi’s chief secretary and head of the Central Committee’s powerful General Office, which manages the administrative affairs of the top leadership.

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Reporting by Tony Munroe, Martin Quin Pollard and Yew Lun Tian; Editing by Lincoln Feast.

Our Standards: The Thomson Reuters Trust Principles.

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