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Wall Street had its worst close in over two months

On Friday, Wall Street had its worst weekly close in over two months. This is the result from a second consecutive day of losses. The drop in technology stocks caused such a debacle.

Barry Bannister, head of institutional equity strategy at Stifel, said that they “had a fast and furious rally at the end of August and they had given it back.” He added “Investors are like a herd of gazelle on the Serengeti; it doesn’t take much to spook them. They’re alarmed and on the move.”

The S&P 500 fell 28.10 points to 3,426.96. The Dow Jones Industrial Average fell 159.42 points or 0.6%, to 28,133.31. While the Nasdaq fell by 144.97 whole points, 1.3%, and closed at 11,313.13. The new drop added to the 5% drop it had on the previous day.

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International

U.S. health authorities report mutation of avian flu virus in Louisiana patient

Chile detects first outbreak of avian flu in poultry; shipments closed: minister

The avian flu virus mutated inside the first seriously ill patient in the United States, according to the country’s health authorities. However, they assured that, so far, no person-to-person transmission of the virus has been identified in this patient, who is hospitalized in Louisiana.

Scientists warned that while it is concerning because mutations could make the virus potentially more transmissible between humans, they would be alarming if found in animal hosts or in the early stages of infection or symptom onset, which would facilitate the spread to close contacts.

The Centers for Disease Control and Prevention (CDC) have identified at least 65 human cases of avian flu in the United States, with more than half (36) reported in California, including the country’s first child infected with this virus.

CDC analysis of the Louisiana patient identified mutations in the hemagglutinin gene, which were not found in the samples from infected poultry at the source of the outbreak. This suggests that the changes emerged as the virus replicated in the seriously ill patient.

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International

José Mujica’s recovery continues with successful stent procedure in esophagus

Former Uruguayan President José Mujica underwent surgery on Friday, during which a stent was successfully placed in his esophagus. In April, a malignant tumor was discovered in the area, which was treated with radiation therapy.

“We did it today because the situation required it at this moment. This will allow him to continue eating orally, continue receiving food as before, and maintain his recovery at home,” explained his personal doctor, Raquel Pannone, in a press conference.

She also took the opportunity to explain how the stent works.

“It is a prosthesis. A device placed inside the esophagus that self-expands. This metal device adheres to the walls of the esophagus and remains there, expanding the esophagus’ opening and allowing the passage of food,” she detailed.

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International

Preliminary Investigation Suggests ‘External Interference’ in Azerbaijan Airlines Plane Crash in Kazakhstan

Azerbaijan Airlines stated on Friday that the plane that crashed in Kazakhstan experienced “external, physical, and technical interference,” based on preliminary investigation results, fueling speculation that the aircraft may have been struck by Russian defense missiles.

The Embraer 190 aircraft, operated by Azerbaijan Airlines and carrying 67 people, was en route from Baku, the capital of Azerbaijan, to Grozny, the capital of the Chechen Republic in Russian territory, when it crashed near Aktau, a port on the Caspian Sea in western Kazakhstan, far from its intended route. The crash resulted in the deaths of 38 people, according to Kazakh authorities.

In response to the incident, Azerbaijan Airlines announced the suspension of its flights to several Russian cities, as the “preliminary results of the investigation into the Embraer 190 crash… point to external, physical, and technical interference.”

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