Month: November 2021

Alzheimer’s Drug Cited as Medicare Premium Jumps by $21.60

Medicare’s “Part B” outpatient premium will jump by $21.60 a month in 2022, one of the largest increases ever. Officials said Friday a new Alzheimer’s drug is responsible for about half of that.

The increase guarantees that health care will gobble up a big chunk of the recently announced Social Security cost-of-living allowance, a boost that had worked out to $92 a month for the average retired worker, intended to help cover rising prices for gas and food that are pinching seniors.

Medicare officials told reporters on Friday that about half the increase is due to contingency planning if the program ultimately has to cover Aduhelm, the new $56,000-a-year medication for Alzheimer’s disease from pharmaceutical company Biogen. The medication would add to the cost of outpatient coverage because it’s administered intravenously in a doctor’s office and paid for under Part B.

The issue is turning into a case study of how one pricey medication for a condition afflicting millions of people can swing the needle on government spending and impact household budgets. People who don’t have Alzheimer’s would not be shielded from the cost of Aduhelm, since it’s big enough to affect their premiums.

The new Part B premium will be $170.10 a month for 2022, officials said. The jump of $21.60 is the biggest increase ever in dollar terms, although not percentage-wise. As recently as August, the Medicare Trustees’ report had projected a smaller increase of $10 from the current $148.50.

“The increase in the Part B premium for 2022 is continued evidence that rising drug costs threaten the affordability and sustainability of the Medicare program,” said Medicare chief Chiquita Brooks-LaSure in a statement. Officials said the other half of the premium increase is due to the natural growth of the program and adjustments made by Congress last year as the coronavirus pandemic hit.

The late Friday afternoon announcement — in a time slot government agencies use to drop bad news — comes as Congress is considering Democratic legislation backed by President Joe Biden that would restrain what Medicare pays for drugs. However, under the latest compromise, Medicare would not be able to negotiate prices for newly launched drugs. The news on Medicare premiums could reopen that debate internally among Democrats.

“Today’s announcement … confirms the need for Congress to finally give Medicare the ability to negotiate lower prescription drug costs,” Rep. Frank Pallone, D-N.J., said in a statement. “We simply cannot wait any longer to provide real relief to seniors.” Pallone has been a proponent of the original House version of the legislation, which took a tougher approach toward the pharmaceutical industry.

Alzheimer’s is a progressive neurological disease with no known cure, affecting about 6 million Americans, the vast majority old enough to qualify for Medicare.

Aduhelm is the first Alzheimer’s medication in nearly 20 years. It doesn’t cure the life-sapping condition, but the Food and Drug Administration determined that its ability to reduce clumps of plaque in the brain is likely to slow dementia. However, many experts say that benefit has not been clearly demonstrated.

Medicare has begun a formal assessment to determine whether it should cover the drug, and a final decision isn’t likely until at least the spring. For now, Medicare is deciding on a case-by-case basis whether to pay for Aduhelm.

Cost traditionally does not enter into Medicare’s coverage determinations. But in this case there is also plenty of debate about the effectiveness of Aduhelm. Last November, an FDA advisory panel voted nearly unanimously against recommending its approval, citing flaws in company studies. Several members of the panel resigned after the FDA approved the drug anyway over their objections.

A nonprofit think tank focused on drug pricing pegged Adulhelm’s actual value at between $3,000 and $8,400 per year — not $56,000 — based on its unproven benefits.

But Biogen has defended its pricing, saying it looked carefully at costs of advanced medications to treat cancer and other conditions. The company also says it expects a gradual uptake of the Alzheimer’s drug, and not a “hockey-stick” scenario in which costs take off. Nonetheless Medicare officials told reporters they have to plan for contingencies.

Two House committees are investigating the development of Aduhelm, including contacts between company executives and FDA regulators.

Medicare covers more than 60 million people, including those 65 and older, as well as people who are disabled or have serious kidney disease. Program spending is approaching $1 trillion a year. 

 

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With US Aid Money, Schools Put Bigger Focus on Mental Health

In Kansas City, Kansas, educators are opening an after-school mental health clinic staffed with school counselors and social workers. Schools in Paterson, New Jersey, have set up social emotional learning teams to identify students dealing with crises. Chicago is staffing up “care teams” with the mission of helping struggling students on its 500-plus campuses.

With a windfall of federal coronavirus relief money at hand, schools across the U.S. are using portions to quickly expand their capacity to address students’ struggles with mental health.

While school districts have broad latitude on how to spend the aid money, the urgency of the problem has been driven home by absenteeism, behavioral issues, and quieter signs of distress as many students have returned to school buildings this fall for the first time since the coronavirus pandemic hit.

For some school systems, the money has boosted long-standing work to help students cope with trauma. Others have launched new efforts to screen, counsel and treat students. All told, the investments put public schools more than ever at the center of efforts to attend to students’ overall well-being.

“In the last recession, with the last big chunk of recovery money, this conversation wasn’t happening,” said Amanda Fitzgerald, the assistant director of the American School Counselor Association. “Now, the tone across the country is very focused on the well-being of students.”

Last month, three major pediatric groups said the state of children’s mental health should be considered a national emergency. The U.S. Education Department has pointed to the distribution of the relief money as an opportunity to rethink how schools provide mental health support. Mental well-being, Education Secretary Miguel Cardona has said, needs to be the foundation for the recovery from the pandemic.

The pandemic relief to schools totals $190 billion, more than four times the amount the Education Department typically spends on K-12 schools annually. Mental health investments have gone into staff training, wellness screenings and curriculum dedicated to social-emotional learning.

Still, questions remain over how schools will find ways to make the benefits last beyond the one-time infusion of money, handle privacy concerns, and track the effectiveness of their efforts. The implementation worries Katie Dockweiler, a school psychologist in Nevada who sits on the state board of education.

“Not all programs are created equal,” she said. “It really comes down to how it’s implemented, school by school. And there’s great variability there.”

She said districts should develop ways of tracking the impact on students: “Otherwise, we’re just throwing our money away.”

At the top of the list for many districts has been hiring new mental health specialists. When the National Association of School Psychologists surveyed members this fall, more than half of respondents said their districts intended to add social workers, psychologists, or counselors, according to policy director Kelly Vaillancourt Strobach.

With $9.5 million from federal relief funding and outside grant money, Paterson schools added five behavioral analysts, two substance abuse coordinators, and the teams to spot students going through crises.

In Paterson, one of the lowest-income parts of New Jersey, many of the 25,000 students faced food insecurity before the pandemic and struggled after family members lost jobs, Superintendent Eileen Shafer said.

“We wanted to make sure before we try to teach anything new, that we’re able to deal with where our children are right now based on what they’ve been through,” she said.

 

In rural Ellicottville, New York, where school psychologist Joe Prior is seeing more anxiety and a “significant increase” in panic attacks, the district wants to use rescue funds to hire a counselor to connect students with psychological help. But the position remains unfilled, as few expressed interest.

“I have more students just looking me in the eye and saying ‘I’m completely overwhelmed and I’m not sure how to handle it,'” Ellicottville high school principal Erich Ploetz said.

It’s not the only district where ambitions for hiring have outstripped the number of available professionals. Some districts have turned to outside vendors to help fill mental health positions, while others are training existing staff.

The Kansas City, Kansas, school system is using some of the $918,000 in relief money dedicated to mental health to pay social workers and counselors already on staff to work at the new after-school clinic. The district also has added staff and mental health screenings.

Angela Dunn, who leads the 22,000-student district’s mental health and suicide prevention initiatives, said the mental health team has responded to 27 student deaths and 16 staff deaths since the pandemic started, double what is typical during that period. She said a handful of staff members died of COVID-19, but many of the others were homicides, suicides and overdoses.

 

The investments by schools in student mental health services have raised some privacy concerns, especially where schools are now monitoring student computers for distress signals or administering mental health screenings to all students. But the idea that it’s not the place of schools to involve themselves at all has receded.

“We just recognized that students are comfortable seeking help in a school setting,” Dunn said.

Chicago, the nation’s third-largest school district, unveiled a “healing plan” for students, using $24 million of its $2.6 billion in stimulus funds.

Over three years, the district will expand “care teams” — building staff who serve as the frontline response for struggling students — to each campus. The goal is to reach 200 schools by spring.

High school principal Angélica Altamirano used some of that funding to open a space outfitted with cozy furniture and a hand-me-down air hockey table. Already, the campus center has offered grief groups for students whose family members or friends have died and helped teachers dealing with burnout.

In Topeka, Kansas, $100,000 was budgeted for calming items and staff for sensory rooms, including one at Quincy Elementary. When students get so frustrated that they put their heads down on their desk, or wander into the hallway or cry, teachers can send them to the Roadrunner Room. There, they can climb into a tent and snuggle under a weighted blanket, put a puzzle together, play with sand or build with Legos.

Dean of students Andrea Keck has watched the room become a go-to place for one student to work out frustrations.

“She can journal it, get her hair put up, whatever she needs, and then she is successful the rest of the day,” said Keck, who oversees the room.

In Detroit, the district is spending $34 million on mental health initiatives, including screening students, expanding help from outside mental health providers, and offering extra support to parents.

On a recent Wednesday, that meant an hourlong meditation session for parents at a local coffee shop. One attendee worried her own stress was affecting her son’s ability to learn.

“As a community we have all been through something,” said Sharlonda Buckman, an assistant superintendent who participated in the session. “Part of recovery has to be some intentional work in spaces like this, so we can be there for our kids.”

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COP26: African Youth Demand Rich Nations Fulfil Promises

Africa is on the front line of climate change. Nowhere is this more evident than the Lake Chad Basin, which covers almost 8% of the continent and supports tens of millions of people. The United Nations says it has shrunk by 90% since the 1960s because of drought.

The resulting competition for resources has caused poverty and conflict. Over 10 million people are dependent on humanitarian assistance.

Oladosu Adenike, 27, has witnessed Lake Chad’s tragic transformation firsthand. She is a prominent campaigner on climate change in Africa and started the Nigerian “Fridays for Future” campaign, joining the global movement after meeting Swedish activist Greta Thunberg.

Adenike is one of several young African delegates who traveled thousands of miles to Glasgow, Scotland, to be part of the COP26 climate summit and to convey their sense of urgency to world leaders.

“The peace and stability in this region – in the Lake Chad region, the Sahel – it depends on when we are able to restore the lake and able to say that people can get sustainable livelihoods, for them not to be able to be vulnerable to join armed groups of people. And this will likewise improve democracy in the region,” she told VOA.

Adenike is an official Nigerian youth delegate at the COP26 summit and has addressed senior delegates on the need to act fast. But she says she is frustrated by slow progress.

“We are still in the talking phase. We have not yet transited into the action phase, which is needed right now this moment, and not postponing it into the future. Because that is the most dangerous thing you can do right now. Delay now is a denial of the climate change crisis,” Adenike said.

Kaluki Paul Mutuku is a youth delegate for Kenya. Like Adenike, he’s a prominent young voice in the fight against climate change in Africa.

“We are constantly in the fear of losing our family members, losing our communities because the climate is dry – it is worsening by the day – there are droughts, there is extreme rainfall, and communities cannot bear it,” he told VOA.

“Just in 2019, we had a huge locust invasion that took over our crop plantations. We had huge floods in Nairobi, which killed so many people, and just this year, we are having so many people lives being lost due to starvation and famines,” he said.

Mutuku said that delivering on climate finance – the money rich countries have agreed to pay poorer nations to adapt to climate change and decarbonize their economies – is the most vital outcome of COP26. The 2009 pledge to pay $100 billion a year still has not been met.

“How do we finance to avoid emissions in Africa? How do we equip communities with resources and money to really be able to adapt to climate change, and how do we ensure that we give climate proofing for them?” he said.

“We cannot afford to lose hope. And as long as young people, grassroots, and our front-line communities are leading the decade of change, then we are in the right trajectory. For me, any delayed financing is a shame on (world) leaders,” Mutuku told VOA.

For young activists from around the world, it has been a long journey to COP26 in every sense. They say they will continue to fight for climate justice long after they return home. 

 

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COP26: African Youth Demand Rich Nations Fulfill Promises

Several young African climate activists traveled thousands of miles to Glasgow, Scotland, to be part of the COP26 climate summit — and to convey their sense of urgency to world leaders. Henry Ridgwell spoke with some of them about their climate change experiences and what COP26 must deliver to help their communities back home.

Camera: Henry Ridgwell.

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Businessman Who Went to Space With Shatner Dies in Plane Crash

A businessman who traveled to space with William Shatner last month was killed along with another person when the small plane they were in crashed in a wooded area of northern New Jersey, state police said.

The space tourist, Glen M. de Vries, 49, of New York City, and Thomas P. Fischer, 54, of Hopatcong, were aboard the single-engine Cessna 172 that went down Thursday. 

De Vries was an instrument-rated private pilot, and Fischer owned a flight school. Authorities have not said who was piloting the small plane. 

The plane left Essex County Airport in Caldwell, on the edge of the New York City area, and was headed to Sussex Airport, in rural northwestern New Jersey. The Federal Aviation Administration alerted public safety agencies to look for the missing plane around 3 p.m.

Emergency crews found the wreckage in Hampton Township around 4 p.m., the FAA said. 

De Vries, co-founder of a tech company, took a 10-minute flight to the edge of space October 13 aboard Blue Origin’s New Shepard spacecraft with Shatner and two others. 

“It’s going to take me a while to be able to describe it. It was incredible,” de Vries said as he got his Blue Origin “astronaut wings” pinned onto his blue flight suit by Blue Origin founder Jeff Bezos. 

“We are devastated to hear of the sudden passing of Glen de Vries,” Blue Origin tweeted Friday. “He brought so much life and energy to the entire Blue Origin team and to his fellow crewmates. His passion for aviation, his charitable work, and his dedication to his craft will long be revered and admired.” 

De Vries co-founded Medidata Solutions, a software company specializing in clinical research, and was the vice chair of life sciences and health care at Dassault Systemes, which acquired Medidata in 2019. He had taken part in an auction for a seat on the first flight and bought a seat on the second trip. 

De Vries also served on the board of Carnegie Mellon University. 

Fischer owned the flight school Fischer Aviation and was its chief instructor, according to the company’s website.

The National Transportation Safety Board was investigating.

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First African American Bond Girl Reflects on What Her Role Meant at the Time

Actress and model Gloria Hendry became the first African American to play a so-called James Bond girl, debuting in the 1973 movie Live and Let Die. In an interview with VOA, Hendry reflected on what the role meant for her and other Black actresses at the time. More from Genia Dulot in Los Angeles.

Camera: Genia Dulot

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Europe Reports 2 Million New COVID Cases

World Health Organization Director-General Tedros Adhanom Ghebreyesus said Friday that Europe remains the epicenter of the COVID-19 pandemic, reporting 2 million new cases last week, the region’s highest number since the pandemic began. 

At a briefing in Geneva, the WHO chief said the region also reported nearly 27,000 deaths last week, more than half of all COVID-19 deaths worldwide.

Tedros said COVID-19 is surging in countries with lower vaccination rates in Eastern Europe, but also in countries with some of the world’s highest vaccination rates in Western Europe. He said it is a reminder that while vaccines reduce the risk of hospitalization, severe disease and death, they do not replace the need for other precautions.

Tedros said that while vaccines reduced transmission of the coronavirus, they do not fully prevent it.

On the subject of vaccines, the WHO chief once again spoke about the injustices of COVID-19 vaccine inequities and how wealthy nations are neglecting low-income nations in the distribution of the drugs. Tedros said every day, there are six times more boosters administered globally than primary doses in low-income countries. 

He once again urged nations with stockpiled vaccine to donate it to the WHO-managed COVAX global vaccine cooperative to distribute to the developing world. He said that COVAX works when given the chance, having delivered almost 500 million doses to 144 countries and territories. 

Tedros said the majority of countries are prepared to distribute vaccines to their people, but they need the doses. He said there are only two countries that have not started vaccinating their populations — Eritrea and North Korea.

The WHO has set a goal of fully vaccinating 40 percent of the population of every country in the world by the end of this year. 

 

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Fossil Discovery Offers More Evidence of Ritualistic Behavior by Extinct Hominins

Scientists in South Africa have discovered the first partial Homo Naledi child’s skull in one of the world’s richest hominin fossil sites. The discovery at a UNESCO World Heritage site near Johannesburg, called “Cradle of Humankind,” reveals that the non-human species performed rituals for their dead thousands of years ago, before humans did. For VOA, Marize de Klerk visited the site and has this report. Camera – Franco Puglisi.

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22 Million Infants Missed First Measles Vaccine In 2020

More than 22 million infants missed their first measles vaccine in 2020, according to a report by the World Health Organization and U.S. Centers for Disease Control and Prevention.

WHO said in a statement the 22 million tally was “the largest increase in two decades” and sets the stage for “creating dangerous conditions for outbreaks to occur.”

While reports of measles decreased by 80% in 2020, WHO says that figure is misleading because measles surveillance deteriorated with the outbreak of the COVID-19 pandemic.

“Evidence suggests we are likely seeing the calm before the storm as the risk of outbreaks continues to grow around the world,” Dr. Kate O’Brien, director of WHO’s Department of Immunization, Vaccines and Biologicals said in a statement.

“It’s critical that countries vaccinate as quickly as possible against COVID-19, but this requires new resources so that it does not come at the cost of essential immunization programs. Routine immunization must be protected and strengthened; otherwise, we risk trading one deadly disease for another,” she said.

WHO said there were “major measles outbreaks” in 26 countries, representing 84% of all reported cases in 2020.

“We must act now to strengthen disease surveillance systems and close immunity gaps, before travel and trade return to pre-pandemic levels, to prevent­­ deadly measles outbreaks and mitigate the risk of other vaccine-preventable diseases,” said Dr. Kevin Cain, CDC’s global immunization director.

Measles is one of the world’s most contagious human viruses although it is almost entirely preventable through vaccination. 

 

 

 

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Germany Reports Record Daily High of 50,000 New COVID Infections

German Chancellor Angela Merkel said Friday people have a duty to be inoculated with the COVID-19 vaccine as a way of protecting not only themselves, but others as well.

She made the comments in a virtual conversation with New Zealand Prime Minister Jacinda Ardern on the sidelines of the annual Asia-Pacific Economic Cooperation forum.

COVID-19 cases are soaring in Germany. A record high daily count of 50,000 new infections were reported Thursday. A week ago, the daily tally was 33,000 new cases.

“The virus is still among us and threatens the health of its citizens,” German Vice Chancellor Olaf Scholz said Thursday.

German officials are meeting next week to discuss way to combat the COVID-19 surge.

 

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SpaceX Delivers New Crew of 4 to Station ‘Shining Like a Diamond’

A SpaceX capsule carrying four astronauts pulled up Thursday at the International Space Station, their new home until spring.

It took 21 hours for the flight from NASA’s Kennedy Space Center to the glittering outpost.

The one German and three U.S. astronauts said it was an emotional moment when they first spotted the space station 30 kilometers (20 miles) distant — “a pretty glorious sight,” according to Raja Chari, commander of the Dragon capsule. 

“Floating in space and shining like a diamond,” noted German astronaut Matthias Maurer. “We’re all very thrilled, very excited.” 

The Dragon’s entire flight was automated, with Chari and pilot Tom Marshburn monitoring the capsule systems, ready to take control if necessary. At one point, they reported what looked like a “gnarled knob” or possibly a small mechanical nut floating past their camera’s field of view, but SpaceX Mission Control said it posed no concern. The docking occurred 423 kilometers (263 miles) above the eastern Caribbean. 

The station’s welcoming committee consisted of three astronauts instead of the originally planned seven. That’s because SpaceX returned four of the station residents on Monday, after the new arrivals’ launch kept getting delayed. 

While Chari, Marshburn, Maurer and NASA astronaut Kayla Barron were adapting to weightlessness — all but Marshburn are space rookies — the previous crew was adjusting to life back on Earth.

“Gravity sucks, but getting used to it slowly,” Japanese astronaut Akihoki Hoshide tweeted. 

The new crew will spend the next six months at the space station and, during that time, host two groups of visiting tourists. Russia will launch the first bunch in December and SpaceX the second in February. 

 

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COVID-19 Hot Spots Offer Sign of What Could Be Ahead for US 

The contagious delta variant is driving up COVID-19 hospitalizations in the Mountain West and fueling disruptive outbreaks in the North, a worrisome sign of what could be ahead this winter in the U.S.

While trends are improving in Florida, Texas and other Southern states that bore the worst of the summer surge, it’s clear that delta isn’t done with the United States. COVID-19 is moving north and west for the winter as people head indoors, close their windows and breathe stagnant air.

“We’re going to see a lot of outbreaks in unvaccinated people that will result in serious illness, and it will be tragic,” said Dr. Donald Milton of the University of Maryland School of Public Health.

In recent days, a Vermont college suspended social gatherings after a spike in cases tied to Halloween parties. Boston officials shut down an elementary school to control an outbreak. Hospitals in New Mexico and Colorado are overwhelmed.

In Michigan, the three-county metro Detroit area is again becoming a hot spot for transmissions, with one hospital system reporting nearly 400 COVID-19 patients. Mask-wearing in Michigan has declined to about 25% of people, according to a combination of surveys tracked by an influential modeling group at the University of Washington.

“Concern over COVID in general is pretty much gone, which is unfortunate,” said Dr. Jennifer Morse, medical director at health departments in 20 central and northern Michigan counties. “I feel strange going into a store masked. I’m a minority. It’s very different. It’s just a really unusual atmosphere right now.”

New Mexico is running out of intensive care beds despite the state’s above-average vaccination rate. Waning immunity may be playing a role. People who were vaccinated early and have not yet received booster shots may be driving up infection numbers, even if they still have some protection from the most dire consequences of the virus.

“Delta and waning immunity — the combination of these two have set us back,” said Ali Mokdad, a professor of health metrics sciences at the University of Washington. “This virus is going to stick with us for a long, long time.”

The delta variant dominates infections across the U.S., accounting for more than 99% of the samples analyzed.

No state has achieved a high enough vaccination rate, even when combined with infection-induced immunity, to avoid the type of outbreaks happening now, Mokdad said.

In a deviation from national recommendations, Colorado Governor Jared Polis signed an executive order Thursday that allows any resident 18 or older access to a COVID-19 booster shot, another step to prevent hospitals and health care workers from being overwhelmed by the state’s surge in delta infections.

Progress on vaccination continues, yet nearly 60 million Americans age 12 and older remain unvaccinated. That’s an improvement since July, when 100 million were unvaccinated, said White House COVID-19 coordinator Jeff Zients.

First shots are averaging about 300,000 per day, and the effort to vaccinate children ages 5 to 11 is off to a strong start, Zients said at a briefing Wednesday.

Virginia Tech’s Linsey Marr, a leading researcher on the airborne spread of the coronavirus, predicted the northward spread of the virus in a Twitter post on September 15. The virus spreads in the air and can build up in enclosed rooms with poor ventilation. Colder weather means more people are indoors breathing the same air, Marr said.

Imagine that everyone you spend time with is a smoker and you want to breathe as little of their smoke as possible, she said.

“The closer you are to a smoker, the more exposure you have to that smoke,” Marr said. “And if you’re in a poorly ventilated room, the smoke builds up over time.”

Marr said she and her vaccinated family would use rapid tests before gathering for Christmas to check for infection.

“It’s hard to know what’s coming next with this virus,” Marr said. “We thought we knew, but delta really surprised us. We thought the vaccine would help end this, but things are still dragging on. It’s hard to know what’s going to happen next.”

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New York Cannabis World Congress Touts Industry’s Bright Future

New York state legalized recreational marijuana use this year, just in time to host the annual Cannabis World Congress & Business Exposition. Evgeny Maslov has the story, narrated by Anna Rice. Camera – Michael Eckels.

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After Promise, Musk Sells $1.1 Billion in Tesla Shares to Pay Taxes

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 900,000 shares of the electric car maker’s stock, netting over $1.1 billion that will go toward paying tax obligations for stock options. 

The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September. He exercised options to buy just over 2.1 million shares for $6.24 each. The company’s stock closed Wednesday at $1,067.95 per share.  

The transactions were “automatically effected” as part of a trading plan adopted on Sept. 14 to sell options that expire next year, according to forms filed with the U.S. Securities and Exchange Commission. That was nearly two months before he floated the idea of the sale on Twitter. 

After the transactions, Musk still owns about 170 million Tesla shares. 

Musk was Tesla’s largest shareholder as of June, owning about 17% of the company, according to data provider FactSet. He’s the wealthiest person in the world, according to Forbes, with a net worth of around $282 billion, most of it in Tesla stock. 

Last weekend, Musk said he would sell 10% of his holdings in the company, worth more than $20 billion, based on the results of a poll he conducted on Twitter. The sale tweets caused a sell off of the stock Monday and Tuesday, but it recovered some on Wednesday. The shares were up 2.6% to $1,096 in extended trading Wednesday, and they have risen more than 50% this year. 

Wedbush Analyst Daniel Ives said it appears Musk will start selling shares as the year ends. “The question will be for investors if he sells his full 10% ownership stake over the coming months or is it done piece-by-piece during 2022,” Ives wrote in a note to investors. 

Ives calculated that Musk has about $10 billion in taxes coming due on stock options that vest next summer. 

The sometimes abrasive and unpredictable Musk said he proposed selling the stock as some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hold goes up, even if they don’t sell any shares. However, the wording on unrealized gains, also called a “billionaires tax,” was removed from President Joe Biden’s budget, which is still being negotiated.  

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted Saturday afternoon. “Do you support this?” 

Tesla does not pay Musk a cash salary, but has received huge stock options. “I only have stock, thus the only way for me to pay taxes personally is to sell stock,” Musk tweeted. 

Tesla Inc. is based in Palo Alto, California, although Musk has announced it will move its headquarters to Texas. 

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US, China Surprise Climate Summit With Joint Declaration

The United States and China surprised the COP26 climate summit in Glasgow on Wednesday with a joint declaration to take action to limit global warming over the next decade.

The declaration came as delegates entered the final hours of negotiations to agree on a final text at the conference that will outline how the world will limit global warming to less than 1.5 degrees Celsius above pre-industrial levels.

China and the United States are the world’s two biggest polluters, and scientists say their future actions are critical in the fight against climate change. The absence of Chinese leader Xi Jinping from the summit last week was strongly criticized by U.S. President Joe Biden.

U.S. climate envoy John Kerry told reporters in Glasgow on Wednesday that the joint declaration builds on statements made by both countries in April.

“We also expressed a shared desire for success at this COP on mitigation, adaptation, support and, frankly, all of the key issues which will result in the world raising ambition and being able to address this crisis. Now, with this announcement, we’ve arrived at a new step, a road map for our present and future collaboration on this issue,” Kerry said at a press conference.

“The United States and China have no shortage of differences, but on climate, cooperation is the only way to get this job done. This is not a discretionary thing, frankly. This is science. It’s math and physics that dictate the road that we have to travel,” Kerry added.

China’s chief climate negotiator, Xie Zhenhua, echoed those sentiments.

“Climate change is a challenge, a common challenge, faced by humanity,” Xie told reporters. “It bears on the well-being of future generations. Now, climate change is becoming increasingly urgent and severe, making it a future challenge into an existential crisis. In the area of climate change, there is more agreement between China and the U.S. than divergence, making it an area with huge potential for our cooperation. We are two days away from the end of the Glasgow COP, so we hope that this joint declaration can make a China-U.S. contribution to the success of COP26.”

Among the joint pledges were cooperation on controlling methane emissions, tackling illegal deforestation, enhancing renewable energy generation and speeding up financial support for poorer nations. But the declaration did not include many specific dates or targets.

Cautious welcome

After the joint declaration, U.N. Secretary-General Antonio Guterres tweeted, “I welcome today’s agreement between China and the USA to work together to take more ambitious #ClimateAction in this decade. Tackling the climate crisis requires international cooperation and solidarity, and this is an important step in the right direction.”

Climate activists offered a cautious welcome to the declaration.

“This announcement comes at a critical moment at COP26 and offers new hope that with the support and backing of two of the world’s most critical voices, we may be able to limit climate change to 1.5 degrees,” Genevieve Maricle, director of U.S. climate policy action at the World Wildlife Fund, wrote in an email to VOA. “But we must also be clear-eyed about what is still required if the two countries are to deliver the emission reductions necessary in the next nine years. 1.5C-alignment will require a whole-of-economy response.”

Momentum

The joint declaration has given new momentum to the negotiations as delegates try to agree on a final text, officially known as the “cover decision,” by the end of the conference on Friday. The text details how parties to the COP26 summit will limit global warming to no more than 1.5 degrees C in Earth’s average temperatures above pre-industrial levels — the target agreed on at the Paris climate summit in 2015.

The first draft text of the decision, published Wednesday, urges countries to “revisit and strengthen” their targets on cutting emissions before the end of 2022. It says rich countries should go beyond the pledge to pay poorer nations $100 billion a year. The draft text calls on governments to phase out coal and fossil fuels, but with no fixed dates.

The COP26 host, British Prime Minister Boris Johnson, urged delegates to “grasp the opportunity.”

“We’re now finding things are tough, but that doesn’t mean it’s impossible. It doesn’t mean that we can’t keep 1.5 alive,” Johnson said. “I think with sufficient energy and commitment, and with leaders from around the world now ringing up their negotiators and asking them to move in the ways that they know they can move and should move, I still think we can achieve it. But I’m not going to pretend to you that it is by any means a done deal.”

Jennifer Morgan, executive director of Greenpeace International, told VOA that the language of the draft text was weak.

“This is not a plan to address the climate emergency. It’s a bit like a pledge and a wink and a hope,” Morgan said. “Countries need to commit to actually come back to increase and strengthen their targets and their actions. That’s clearly one thing. The text does include that coal will be phased out and fossil fuel subsidies will be phased out. I think optimally, you would have dates by which time they would be phased out, but it’s important that they’re there.”

Climate finance

Delegates are also negotiating how much — and quickly — richer nations should pay poorer countries to help them deal with the impact of climate change and de-carbonize their economies. While richer countries are responsible for the majority of greenhouse gas emissions, developing countries tend to suffer greater impacts of climate change. A pledge first made in 2009 by richer nations to pay $100 billion annually — and renewed at the Paris climate summit in 2015 — has still not been fulfilled.

“It’s very frustrating to see countries that have spent six years conspicuously patting themselves on the back for signing that promissory note in Paris, quietly edging towards default now that vulnerable nations and future generations are demanding payment here now in Glasgow,” Johnson said Wednesday.

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“Rust” Shooting Raises Questions About Security on Movie Sets

A fatal shooting during the production of a movie called “Rust” is raising questions about safety on movie sets. Authorities are still investigating the October 21st shooting south of Santa Fe, New Mexico. VOA’s Penelope Poulou spoke with Tim Forrest, director of the film program at Central New Mexico Community College about safety measures on production sets.

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International Space Station to Maneuver to Avoid Satellite Junk

The International Space Station will perform a brief maneuver on Wednesday to dodge a fragment of a defunct Chinese satellite, Russian space agency Roscosmos said.

The station crewed by seven astronauts will climb 1,240 meters higher to avoid a close encounter with the fragment and will settle in an orbit 470.7 km (292 miles) above the Earth, Roscosmos said. It did not say how large the debris was.

“In order to dodge the ‘space junk’, (mission control) specialists … have calculated how to correct the orbit of the International Space Station,” the agency’s statement said.

The station will rely on the engines of the Progress space truck that is docked to it to carry out the move.

An ever-swelling amount of space debris is threatening satellites hovering around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific data.

The document reaffirms the goals set in Paris in 2015 of limiting warming to “well below” 2 degrees Celsius (3.6 degrees Fahrenheit) since pre-industrial times, with a more stringent target of trying to keep warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) preferred because that would keep damage from climate change “much lower.”

Highlighting the challenge of meeting those goals, the document “expresses alarm and concern that human activities have caused around 1.1 C (2 F) of global warming to date and that impacts are already being felt in every region.”

Small island nations, which are particularly vulnerable to warming, worry that too little is being done to stop warming at the 1.5-degree goal — and that allowing temperature increases up to 2 degrees would be catastrophic for their countries.

“For Pacific (small island states), climate change is the greatest, single greatest threat to our livelihood, security and wellbeing. We do not need more scientific evidence nor targets without plans to reach them or talking shops,” Marshall Islands Health and Human Services minister told fellow negotiators Wednesday. “The 1.5 limit is not negotiable.”

Separate draft proposals were also released on other issues being debated at the talks, including rules for international carbon markets and the frequency by which countries have to report on their efforts.

The draft calls on nations that don’t have national goals that would fit with the 1.5- or 2-degree limits to come back with stronger targets next year. Depending on how the language is interpreted, the provision could apply to most countries. Analysts at the World Resources Institute counted that element as a win for vulnerable countries.

“This is crucial language,” WRI International Climate Initiative Director David Waskow said Wednesday. “Countries really are expected and are on the hook to do something in that timeframe to adjust.”

Greenpeace’s Morgan said it would have been even better to set a requirement for new goals every year.

In a nod to one of the big issues for poorer countries, the draft vaguely “urges” developed nations to compensate developing countries for “loss and damage,” a phrase that some rich nations don’t like. But there are no concrete financial commitments.

“This is often the most difficult moment,” Achim Steiner, the head of the U.N. Development Program and former chief of the U.N.’s environment office, said of the state of the two-week talks.

“The first week is over, you suddenly recognize that there are a number of fundamentally different issues that are not easily resolvable. The clock is ticking,” he told The Associated Press.

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Countries Agree to Create Green Shipping Lanes in Pursuit of Zero Carbon

A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonization of the global maritime industry, officials involved said. 

Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world’s CO2 emissions.

U.N. shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050. The goal is not aligned with the 2015 Paris Agreement on climate change and the sector is under pressure to be more ambitious.

The signatory countries involved in the ‘Clydebank Declaration’, which was launched at the COP26 climate summit in Glasgow, agreed to support the establishment of at least six green corridors by 2025, which will require developing supplies of zero emissions fuels, the infrastructure required for decarbonization and regulatory frameworks.

“It is our aspiration to see many more corridors in operation by 2030,” their mission statement said.

Britain’s maritime minister Robert Courts said countries alone would not be able to decarbonize shipping routes without the commitment of private and non-governmental sectors.

“The UK and indeed many of the countries, companies and NGOs here today believe zero emissions international shipping is possible by 2050,” Courts said at the launch.

U.S. Transportation Secretary Pete Buttigieg said the declaration was “a big step forward for green shipping corridors and collective action”.

Buttigieg added that the United States was “pressing for the IMO to adopt a goal of zero emissions for international shipping by 2050”.

The IMO’s Secretary General Kitack Lim said on Saturday “we must upgrade our ambition, keeping up with the latest developments in the global community”.

Industry needs regulatory help

Jan Dieleman, president of ocean transportation with agri business giant Cargill, one of the world’s biggest ship charterers, said “the real challenge is to turn any statements (at COP26) into something meaningful”.

“The majority of the industry has accepted we need to decarbonize,” he told Reuters.

“Industry leadership needs to be followed up with global regulation and policies to ensure industry-wide transformation. We will not succeed without global regulation.”

Christian Ingerslev, chief executive of Maersk Tankers, which has over 210 oil products tankers under commercial management, said it had spent over $30 million over the last three years to bring their carbon emissions down through digital solutions.

“We need governments to not only back the regulatory push but also to help create the zero emissions fuels at scale,” he said.

“The only way this is going to work is to set a market-based measure through a carbon tax.”

Other signatory countries are Australia, Belgium, Canada, Chile, Costa Rica, Denmark, Fiji, Finland, France, Germany, Republic of Ireland, Japan, Marshall Islands, Netherlands, New Zealand, Norway and Sweden.

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