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US Covid cases fall by nearly a quarter

The Covid-19 pandemic has taken a staggering 710,000 lives in America.

However, the number of cases and mortality rates are now falling as hopes are raised over the country’s ability to navigate its way out of the pandemic.

Despite abundant access to vaccines, low rates of vaccinations and mixed messages from politicians have characterised a tumultuous American response to the pandemic.

Just over 1 in 500 Americans died as a result of coronavirus, one of the highest rates across the world.

However, over the past two weeks, new Covid-19 cases are down by 22%, while hospitalisations have fallen by 20%, in a possible sign that the surge of the Delta variant may be slowing down.

“I think this Delta wave is probably the last major surge of Sars-Cov-2 infection that we have in the US, barring something unexpected happening,” said Scott Gottlieb, a Pfizer board director, in a book on America’s response to Covid-19.

There is a growing consensus among epidemiologists that Covid is not going away anytime soon and that it will have to be managed by the use of vaccines and people getting natural immunity as time passes. Whether or not that time is now or way in the future remains up for debate.

It seems as though markets have priced in a retreat of the Delta variant and it does appear to bode well for major tech stocks.

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