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The newborn babies at a Kansas hospital are ready for "Frozen 2," even if they're a little bit young for a trip to the movie theater.The staff at 158
¡¡¡¡The global death toll from the coronavirus has now topped 2,000, but that¡¯s little compared to the flu. In the U.S. alone this season the CDC estimates at least 14,000 flu-related deaths. Still, the fear of coronavirus may be spreading faster than the virus itself. Quarantines, lockdowns and daily death toll updates have heightened the fear of the respiratory illness.Much of it stems from the unknown. The exact mortality rate is still a big question says Dr. Emily Landon, an epidemiologist and infectious disease specialist at the University of Chicago Hospital. ¡°If you just have a cold you just stay home, and you never get tested. And so those people don't appear in the totals which make it look like it might be more deadly than it is¡± she says. Dr. Landon says the virus is causing alarm for several reasons: Everyone is susceptible, there is no vaccine yet and it¡¯s unclear whether antiviral medicines will be effective. ¡°More people that get this new coronavirus, it looks like more of them will die than the same number of people who get the influenza virus,¡± says Landon. Social media misinformation, like a global air travel map that went viral ¨C incorrectly predicting the spread of the outbreak, have not helped. ¡°Fear has driven the Chinese response to the crisis,¡± says Phillip Braun, a clinical professor of finance and Northwestern University¡¯s Kellogg School of Management.That fear-factor he says is costing global financial markets¡°For China it is going to be billions for the U.S. it's unclear yet,¡± explains Braun.Suspended flights, supply chain disruptions and factory and store closures are already hurting major U.S. companies like Wal-Mart, Starbucks and Apple. ¡°Apple's already announced their earnings are going to be reduced because their factories in China are shut down so they're not going to have enough supply of Apple iPhones here in the states,¡± says Braun.Still, public health officials like Dr. Landon are quick to point out that they are being vigilant about identifying cases, quarantining and in turn isolating the virus so it can¡¯t reproduce.¡°The only thing that's really going to protect you is if you clean your hands before you touch your face. Period,¡± she says.Economists and healthcare experts agree that while there is cause for concern so far, there is not yet reason to panic. 2346
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The European Union has hit Google with another big antitrust fine, the third in a series of billion-dollar penalties the US tech giant has faced for hindering competition.The European Commission on Wednesday ordered Google to pay €1.5 billion (.7 billion) for abusing its dominant position in online search advertising."Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites," Commissioner Margrethe Vestager said in a statement.The tech company has now been fined €8.2 billion (.3 billion) in total by Europe over the past three years.EU regulators have taken a much more robust approach to Big Tech companies than their US counterparts, especially when it comes to competition, data protection and tax issues.Google has already been fined in two previous EU antitrust cases.The Commission ordered the company to pay €4.34 billion (.9 billion) in July 2018 for unfairly pushing its apps on smartphone users and thwarting competitors.In 2017, it imposed a €2.4 billion (.7 billion) fine on Google for using its search engine to steer consumers to its own shopping platform.The company said in a blog post Tuesday that it was making further changes to its service based on "feedback" from the European Commission.It has started testing a new format that provides users with direct links to comparison shopping sites. It will also ask new and existing Android users in Europe which browser they'd like to use. 1555
¡¡¡¡The Dow Jones Industrial Average recovered on Tuesday, closing up 1,163 points as oil stocks bounced back after a turbulent Monday. Although the coronavirus was likely a major factor in Monday's record point drop, oil stocks also tumbled on Monday as a feud between Russia and Saudi Arabia over oil prices led to the plummet. Many of those same stocks saw a recovery on Tuesday. The Dow lost a record 2,000 points on Monday.Still, the Dow has lost ground over the last several weeks. The market has lost 4,500 points from last month, or roughly 15% of its value. The Dow's Tuesday resurgence came despite coronavirus figures jumping nationwide. More than 700 cases have been reported nationwide, with 28 fatalities. 728
¡¡¡¡The heat of summer is still toasting much of the U.S., but the chill of winter is around the corner, and if you believe Farmers' Almanac's projection, parts of the U.S. could be blasted with cold weather this winter. The Farmers' Almanac said almost all of the U.S. is projected to have below average temperatures, with the coldest weather coming in the Midwest and Northeast. Not only will the winter be colder, but it is expected to go deeper into the spring for the Midwest and Northeast.For more info on Farmers' Almanac's projections, click 558
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