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October 7, 20219:50 AM PDTLast Updated 3 days ago

Europe

Finland joins Sweden and Denmark in limiting Moderna COVID-19 vaccine

By Essi Lehto

2 minute read

HELSINKI, Oct 7 (Reuters) - Finland on Thursday paused the use of Moderna's (MRNA.O) COVID-19 vaccine for younger males due to reports of a rare cardiovascular side effect, joining Sweden and Denmark in limiting its use.

Mika Salminen, director of the Finnish health institute, said Finland would instead give Pfizer's vaccine to men born in 1991 and later. Finland offers shots to people aged 12 and over.

"A Nordic study involving Finland, Sweden, Norway and Denmark found that men under the age of 30 who received Moderna Spikevax had a slightly higher risk than others of developing myocarditis," he said.

Swedish and Danish health officials had announced on Wednesday they would pause the use of the Moderna vaccine for all young adults and children, citing the same unpublished study.

Norwegian health officials reiterated on Wednesday that they recommended men under the age of 30 opt for Pfizer's vaccine.

The Finnish institute said the Nordic study would be published within a couple of weeks and preliminary data had been sent to the European Medicines Agency (EMA) for further assessment.



Vial labelled "Moderna coronavirus disease (COVID-19) vaccine" placed on displayed EU flag is seen in this illustration picture taken March 24, 2021. REUTERS/Dado Ruvic/Illustration

The EMA's safety committee concluded in July that such inflammatory heart conditions could occur in very rare cases following vaccination with Spikevax or the Pfizer/BioNTech Comirnaty jab, more often in younger men after the second dose.

Regulators in the United States, EU and the World Health Organization have however stressed that the benefits of shots based on the mRNA technology used by Moderna and Pfizer-BioNTech in preventing COVID-19 continue to outweigh the risks.

A Moderna spokesperson said late on Wednesday it was aware of the decisions by the Swedish and Danish regulators.

"These are typically mild cases and individuals tend to recover within a short time following standard treatment and rest. The risk of myocarditis is substantially increased for those who contract COVID-19, and vaccination is the best way to protect against this."

Italy's Health Minister Roberto Speranza told reporters Italy was not planning to suspend the Moderna vaccine and said European countries should work together more closely to coordinate better.

"We have to trust international authorities, starting with EMA which is our reference agency and has expressed very clear judgments on the matter," he said.

Reporting by Essi Lehto in Helsinki and Emilio Parodi in Milan; Editing by Alex Richardson and Alison Williams

Our Standards: The Thomson Reuters Trust Principles.

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Europe · October 9, 2021 · 11:55 AM PDT

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WORK

Department of Education announces Public Service Loan Forgiveness Program changes—3 things you need to know

Published Wed, Oct 6 2021 11:36 AM EDT

Abigail Johnson Hess

@ABIGAILJHESS

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Miguel Cardona, Education Secretary at the Queen theatre on December 23, 2020 in Wilmington, Delaware.

Joshua Roberts | Getty Images News | Getty Images

On Wednesday, the U.S. Department of Education announced a series of changes to the Public Service Loan Forgiveness Program. PSLF allows borrowers with federal direct loans who make 120 qualifying monthly payments while working full-time for a qualifying employer to have the remainder of their balance forgiven. Qualifying employers include any federal, state, local or tribal government and not-for-profit organizations

"Today, the Department of Education is announcing a set of actions that, over the coming months, will restore the promise of PSLF," reads a statement from the Department of Education.

"We will offer a time-limited waiver so that student borrowers can count payments from all federal loan programs or repayment plans toward forgiveness. This includes loan types and payment plans that were not previously eligible. We will pursue opportunities to automate PSLF eligibility, give borrowers a way to get errors corrected, and make it easier for members of the military to get credit toward forgiveness while they serve. We will pair these changes with an expanded communications campaign to make sure affected borrowers learn about these opportunities and encourage them to apply."

The PSLF has previously been criticized for failing to live up to its name and purpose.

In 2018, the Department of Education released data that indicated 29,000 borrowers had applied to have their student loans forgiven under PSLF, but only 96 received forgiveness. That means that over 99% of borrowers who applied were rejected.

In response, Congress authorized an expansion of the program. However, a 2019 Government Accountability Office report found that approximately 99% of loan-forgiveness requests under that newly expanded program were rejected. According to the report, the Department of Education processed nearly 54,000 requests for forgiveness, approved just 661 and spent only $27 million of the $700 million Congress set aside for the expanded program. 

"The changes address several flaws in the PSLF program. Some payments, for example, didn't count toward forgiveness because autopay programs rounded the payments down instead of up to the nearest penny," says higher education expert Mark Kantrowitz. "They should have made these changes long ago."

Here's what you need to know about the PSLF's "overhaul":

The waiver has a deadline

Perhaps the biggest change announced is that the Department of Education will offer a limited waiver so that borrowers can have their payments counted, "regardless of loan type or repayment plan."

The Department estimates the waiver will bring over 550,000 borrowers an average of 23 payments closer to loan forgiveness and make 22,000 borrowers immediately entitled to the cancellation. 

The Department also reiterates that the waiver is strictly a "temporary opportunity."

Borrowers who need to consolidate will have to submit an application and a PSLF form by October 31, 2022 to have previously ineligible payments counted. 

Additionally, the Limited PSLF Waiver will only be available to borrowers who have Direct Loans, Federal Family Education Loans and Perkins Loans (and not private loans) and will only apply to loans taken out by students.

Military service may be counted as payment

Of note, the new rules will mean that a borrower's months spent on active duty can be counted toward the PSLF, even if the service member's loans were on a deferment or forbearance rather than actively in repayment. 

"Too often, members of the military find out that those same deferments or forbearances granted while they served our country did not count toward PSLF," reads

London (CNN Business)Tina Turner has sold the rights to her music catalog spanning six decades — including songs "What's Love Got to Do With It" and "The Best" — to music publishing company BMG.

The legendary singer has also sold the artist's share of her recordings, her music publishing writer's share, neighboring rights and name, image and likeness as part of the deal, according to BMG, which did not disclose financial terms.



Tina Turner at the premiere of "Tina - Das Tina Turner Musical" at Stage Operettenhaus in Hamburg, Germany on March 3, 2019.

Industry experts estimate the deal is worth more than $50 million, specialist publication Music Business Worldwide reports.

"Tina Turner's musical journey has inspired hundreds of millions of people around the world and continues to reach new audiences. We are honored to take on the job of managing Tina Turner's musical and commercial interests," BMG CEO Hartwig Masuch said in a statement. "It is a responsibility we take seriously and will pursue diligently."



Neil Young has sold a big stake in his 1,180 songs

Turner, now aged 81, was the first Black artist and the first female artist to feature on the cover of Rolling Stone, BMG said. Her solo works include 10 studio albums, two live albums, two soundtracks and five compilations, which in total have sold more than 100 million records.

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Happy Belated Anniversary, (10/03/21), 🎉🎈 and many returns of the day!!🎂🍕🩰😎🎁🧧 Thank You 💕😘 for your dedication and service to our country. 😊🎈 Best wishes to your family 💟.