Tesla stock plummets 11 percent after Musk Twitter deal reports

Tesla’s stock dropped 11 percent after the announcement of Elon Musk’s Twitter deal. Investor concerns with Musk’s $44 billion purchase of Twitter may explain some of the decline, as the decline came just one day after the board approved Musk’s acquisition deal. If the deal closes, Musk will be responsible for Tesla, Twitter, and SpaceX. The Nasdaq Composite index, dominated by tech stocks, fell about 3 percent. Apple, Amazon, Google and Facebook parent Meta were all in the red between 2 and 4 percent.

Tesla stock plummets 11 percent after Musk Twitter deal reports

Musk secured $25.5 billion in fully committed debt, including $12.5 billion in loans against Tesla stock. There is also $21 billion in equity. Musk is the richest person in the world. However, much of his wealth is tied to Tesla stock. Therefore, he would probably have to borrow against these holdings to fund the deal. Telesa investors may also be concerned about the distractions that can come with owning a platform like Twitter. Musk appears to want to heavily influence the company’s operations, which could put him in a bind. Musk would be in charge of Tesla, Twitter, and SpaceX if the deal closes. Additionally, he owns the Boring Company and Neuralink.

During its first-quarter 2022 earnings report on April 20, Tesla revealed that the company lost a little less than a month’s worth of build volume in Shanghai due to COVID-19 shutdowns, but that its automotive revenues jumped 87% from the year-earlier period to $16.86 billion.

New Ebola outbreak declared in Democratic Republic of Congo

An outbreak of Ebola in the Democratic Republic of the Congo has been declared by the health authorities after a case was confirmed there, in Mbandaka, a city in the north-western Equateur Province. In the province, this is the third outbreak to have occurred since the beginning of 2018. Up to this point, only one case has been confirmed.

After being treated at home for more than a week, the patient sought treatment at a local health facility after experiencing symptoms on 5 April. After being admitted to an Ebola treatment center for intensive care on 21 April, the patient died later that day. The health workers submitted samples to be tested for Ebola virus disease immediately after recognizing the symptoms. Investigations are ongoing to determine the source of the outbreak.

“Time is not on our side,” said Dr Matshidiso Moeti, the World health Organization (WHO) Regional Director for Africa. “The disease has had a two-week head start and we are now playing catch-up. The positive news is that health authorities in the Democratic Republic of the Congo have more experience than anyone else in the world at controlling Ebola outbreaks quickly.”

This is the fourteenth Ebola outbreak in the Democratic Republic of the Congo since 1976. This is the country’s sixth Ebola outbreak since 2018 alone – the most frequent in its history. The last outbreaks in Equateur Province were in 2020 and 2018, with 130 and 54 cases recorded, respectively. There are already steps being taken to control the current outbreak.

The deceased patient was buried in a safe and dignified manner, which involved modifying traditional funeral ceremonies in such a way to minimize the chances of contagious fluids infecting those present at the ceremony. Those who came into contact with the patient will also be identified, and their health will also be monitored. Decontamination has already been completed in the health facility where the patient was treated.

An expert team from WHO, based in the Democratic Republic of Congo, is assisting the national health authorities to ramp up key outbreak response areas such as testing, contact tracing, infection prevention and control, treatment as well as working with communities to support public health initiatives to prevent the spread of disease.

Vaccinations are scheduled to begin soon. Stockpiles of the rVSV-ZEBOV Ebola vaccine are already available in Goma and Kinshasa. There will be vaccines sent to Mbandaka and administered through a ring vaccination strategy, where contacts and contacts of contacts will be vaccinated to curb the spread of the virus and save lives.

Humans and other primates are both susceptible to the Ebola virus, which causes a severe and often fatal illness. Early symptoms include muscle aches and a fever, which resemble those seen in other common diseases such as malaria. According to previous cases, death rates have ranged between 25 and 90 percent. In the present day, there is a very effective treatment available and if patients receive early treatment, along with supportive care, their chances of survival improve substantially.

The DRC’s equatorial forests have been a hotbed of the Central African country’s Ebola crisis, with more than 2,000 people killed by the disease between 2018 and 2020. The DRC has had more Ebola outbreaks than any other country since the virus was first discovered near the Ebola River in the DRC’s northern region in 1976.

Cristiano Ronaldo baby boy dies as football icon shares greatest pain

Manchester United icon, Cristiano Ronaldo has announced the death of his baby son after long-term partner Georgina Rodriguez gave birth to twins. He wrote on Instagram in a joint statement signed by the couple: “It is with our deepest sadness that we have to announce that our baby boy has passed away. It is the greatest pain that any parent can feel. Only the birth of our baby girl gives us the strength to live this moment with some hope and happiness. We would like to thank the doctors and nurses for all their expert care and support. We are all devastated at this loss and we kindly ask for privacy at this very difficult time.”

Cristiano Ronaldo baby boy dies as football icon shares greatest pain

Back in October, Ronaldo revealed the pair were expecting twins in an Instagram post that read: “Delighted to announce we are expecting twins. The now heart-breaking clip showed the four youngsters popping balloons which were filled with both blue and pink confetti. The two boys said: It’s a boy and the two girls said: It’s a girl after Georgina had given them a countdown, with Ronaldo adding the caption: Where life begins and love never ends.

It was in 2016, during his time playing for Real Madrid, that Georgina, who is originally from Argentina, met Ronaldo when she was working as a Gucci shop assistant. Her relationship with Ronaldo’s other children has developed over the years, including Cristiano Jr., 11, and twins Mateo and Eva, both four. Georgina was pregnant with her daughter Alana before becoming pregnant with the twins last year.

China COVID-19 cases mount as social media reports deaths

China’s National Health Commission (NHC) reported 3,867 newly-confirmed COVID-19 cases on Saturday, of which 3,590 occurred in Shanghai. Besides Shanghai, 14 other provinces have also recorded COVID-19 cases, including 195 in Jilin, in the northeast. Social media is flooded with reports of elderly patients dying after contracting COVID-19 at Shanghai hospitals, but official government figures indicate no deaths have occurred in Shanghai since 2020.

China COVID-19 cases mount as social media reports deaths

It appears that Shanghai is battling China’s worst COVID-19 outbreak since the virus first emerged in Wuhan in late 2019. Its 25 million residents are still mostly under lockdown, though some restrictions have been relaxed this week. According to Xinhua, the Chinese news agency, the NHC reported 19,923 locally transmitted asymptomatic infections of this novel coronavirus on Friday, out of a total of 20,813 locally identified asymptomatic carriers on the mainland.

The Chinese government has remained rigid in combating the highly transmissible Omicron variant and reported a record number of symptomatic cases in Shanghai on Saturday, while other areas across the country tightened control. Zhengzhou airport economic zone, which houses Apple supplier Foxconn, announced a 14-day lockdown on Friday that will be adjusted based on the epidemic situation.

After a surge in COVID-19 infections this month, the city of Xi’an urged residents to avoid unnecessary trips outside of their residential compounds, and encouraged workplaces to encourage employees to live or work at their workplaces. The announcement was not a lockdown, an official in Xi’an said in response to residents’ concerns about food shortages.

In Suzhou, officials say workers should be able to work at home, avoiding unnecessary visits to residential compounds and corporate campuses. Infections have reached over 500 so far. Zhengzhou officials said personnel with valid passes, health codes, and proof of negative COVID-19 tests could leave the economic zone during the period, but vehicles for work could continue to travel.

The widening of curbs to stop the spread of the highly infectious Omicron variant has led to supply chain disruptions that are adding to expectations that the Chinese central bank will soon announce more stimulus measures. An April 7 study by Gavekal Dragonomics found that 87 of China’s 100 largest cities by GDP have some form of quarantine measures.

On social media, Shanghai residents complain about the difficulty getting enough food and about China’s policy that requires anyone testing positive, symptomatic or not, to be centrally quarantined, where conditions are poor. A guide to home quarantining published by China’s Center for Disease Control and Prevention (CDC) on its social media page on Wednesday raises hopes of a shift in policy.

Heavy rains cause 45 deaths in KwaZulu-Natal, South Africa

At least 45 people have died after heavy rains in South Africa’s eastern coastal province of KwaZulu-Natal flooded settlements, tore apart homes, swept away roads and displaced dozens, officials said on Tuesday. In a statement, the provincial government confirmed the toll and warned that heavy rain would continue until evening in the coastal areas.

Heavy rains cause 45 deaths in KwaZulu-Natal, South Africa

Cooperative Governance and Traditional Affairs (COGTA) officials say disaster management teams are evacuating people in areas where mudslides have occurred and buildings have collapsed. Home after home washed away, and several roads collapsed, hampering transportation and rescue efforts. As muddy water gushed across streets, people were seen carrying some salvaged possessions to safe places.

The COGTA statement said the South African National Defence Force would provide aerial support where necessary. As a result of the rains in KwaZulu-Natal, a dam was flooded beyond capacity, rendering it impossible for power utility Eskom to run a hydroelectric generator, Chief Executive Officer Andre de Ruyter said in an online briefing.

More than 2,000 houses and 4,000 shacks have been damaged, provincial premier Sihle Zikala told journalists in a briefing broadcast live on television. Rescue operations, aided by the military, are underway to evacuate people trapped in affected areas, the provincial Department of Cooperative Governance said. Those trapped include teachers and students at a Durban secondary school, it said.

A prior report by the Durban mayor Mxolisi Kaunda told reporters that Durban’s power stations had been flooded as well as water supplies had been disrupted, adding that graveyards had not escaped the damage as well. A local humanitarian agency, Gift of the Givers, said in a statement: “The need of the hour is huge.” It said transport infrastructure had suffered massive damage and some people were trapped beneath collapsed walls. The country’s rail service PRASA said landslips and rubble on the tracks had forced it to suspend all train services in the province.

Transnet, the largest logistics company in South Africa, has suspended operations at its ports in Durban as a result of the torrential rains that have damaged a road and made access difficult. There is increasing evidence that climate change is causing floods and droughts to take a worsening course along the Eastern coastline. South African Weather Service declines to attribute the current rainfall to climate change, but warns that such events may become more frequent.
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