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Cases of COVID variant BA.2.86 have tripled in a two-week timeframe: CDC report

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Cases of the COVID-19 variant Omicron BA.2.86, also known as Pirola, have tripled in two weeks, comprising between 5% and 15% of all infections, according to the Centers for Disease Control and Prevention (CDC).

The COVID-19 variant Omicron BA.2.86 — as well as its offshoots, including JN.1 — has been reclassified as a “variant of interest” by the World Health Organization (WHO).

Despite its prevalence, BA.2.86 “does not appear to be driving increases in infections or hospitalizations in the United States,” the CDC stated in its report.

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Both the CDC and WHO agree that “the public health risk posed by this variant is low compared with other circulating variants.”

The updated COVID-19 vaccines that were approved by the FDA in September are believed to “increase protection against BA.2.86, as they do for other variants,” the CDC noted.

Cases of the COVID-19 variant Omicron BA.2.86, also known as Pirola, have tripled in two weeks, comprising between 5% and 15% of all infections, according to the CDC. (iStock)

“To date, existing vaccines have been very effective in protecting people, particularly those who have been boosted multiple times through a vaccine or natural infection, not only from symptomatic infection, but importantly from severe disease, hospitalization and death,” said Richard Reithinger, PhD, a distinguished research fellow in the Global Health Division at International Development Group in Washington, D.C., in a statement to Fox News Digital.

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The CDC said it is not clear whether BA.2.86 causes different symptoms — but noted that most variants produce similar effects.

“The types of symptoms and how severe they are usually depend more on a person’s immunity than which variant causes the infection,” the statement said.

COVID variant

Despite its prevalence, BA.2.86 (also known as Pirola) “does not appear to be driving increases in infections or hospitalizations in the United States,” the CDC stated in its report. (iStock)

The variant is also expected to respond to the current tests and treatments.

Reithinger noted that while the pandemic is officially over, COVID-19 is not a thing of the past. 

“A concern of the new BA.2.86 variant was that because it has 35 mutations in the spike protein, it would be able to evade the immune response more readily than other variants that emerged in the last couple of months,” he told Fox News Digital. 

“Early clinical data does not seem to indicate this being the case.”

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The increase in BA.2.86 cases is due to the U.S. entering the “COVID-19 season” and also a sufficient number of people having developed non-BA.2.86 immunity, according to the doctor.

Outside of vaccines, Reithinger recommends that high-risk groups adopt risk-mitigating behaviors, including wearing masks, frequently washing hands and avoiding crowded environments.

Teen getting vaccine

The updated COVID-19 vaccines that were approved by the FDA in September are believed to “increase protection against BA.2.86, as they do for other variants,” the CDC noted. (iStock)

“People — particularly those with greater risk of infection and severe disease — should continue to be sensitized and vigilant about COVID-19 and the disease it may cause,” he told Fox News Digital.

“People who are at greater risk of infection and severe disease should consult with their physicians about whether they should be administered one of the currently available boosters,” he added.

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Those at highest risk include people older than 60 years, the immunocompromised, those with comorbidities such as asthma and diabetes, and people working in high-risk-of-exposure employment, such as the service industry, Reithinger noted.

For more Health articles, visit www.foxnews/health.

Former British Chancellor’s crypto firm Copper launches tokenized securities platform

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London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors’ demand.

The service is expected to be first rolled out in Abu Dhabi, United Arab Emirates, by its new arm in the country, Copper Securities. The company is reportedly in the process of securing regulatory approval from local authorities.

Copper plans to use blockchain technology to provide securities financing and other payment solutions to institutional clients over the coming months. More than 90 markets around the world will be accessible through the new platform, said the company.

Copper acquired its securities arm earlier this year with the goal of offering tokenized securities within the Abu Dhabi Global Market (ADGM), an international financial center and free zone on Al Maryah Island.

Hammond has long-standing ties to the region. He has been advising the government of the neighboring country Saudi Arabia since 2021, following approval by the United Kingdom’s lobbying watchdog. In the same year, Hammond was appointed as a senior adviser to Copper, before taking over as the company’s chair earlier 2023. Back then, Hammond shared his thoughts on how blockchain technology can benefit the financial sector:

“I remain firmly of the view that the post-Brexit U.K. Financial Services sector needs to embrace Distributed Ledger Technology as a key part of its strategy to remain a major global financial center.”

Securities tokenization involves converting financial assets like stocks or real estate into digital tokens on a blockchain. Tokenization facilitates access to expensive assets and increases market liquidity by allowing fractional ownership, thus democratizing ownership of financial assets.

Assets tokenization has been a hot topic in 2023, and its popularity is likely to continue growing in the future. In the United Kingdom, investment managers are being encouraged to use blockchain technology to tokenize investment funds, moving away from traditional record-keeping systems. A recent report published by the Investment Association argued that the tokenization of investment funds can lead to a more efficient and transparent financial industry.

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