Technologies
FDA committee endorses COVID vaccine for kids ages 5-11: Here’s the latest
If authorized and recommended, shots could be given out to young kids as early as next week. Here’s what to know before your child becomes eligible.
A panel of independent advisers to the US Food and Drug Administration voted Tuesday to recommended Pfizer’s COVID-19 vaccine to kids ages 5 to 11. The FDA still needs to give the vaccine official authorization, and another independent committee to the US Centers for Disease Control and Prevention will issue guidance next week on how shots roll out, but the vaccine could be available to younger kids soon after that.
Last week, the White House shared a plan to get kids under 12 vaccinated against the coronavirus, saying it «will be ready to begin getting shots in arms in the days following a final CDC recommendation.» In addition to Pfizer’s vaccine being a lower dose for kids ages 5 to 11 (one-third the dose given to everyone else), we may expect the COVID-19 campaign to look different for those in that age group.
Children remain at low risk of severe COVID-19 disease and death compared with the adult population (of states that reported data to the American Academy of Pediatrics, 0.1% to 2% of COVID-19 cases in children resulted in hospitalization). But children can experience complications from COVID-19, including long COVID. According to a poll by the Kaiser Family Foundation, about one-third of parents said they would vaccinate their child age 5 to 11 «right away» after they become eligible for a COVID-19 vaccine.
Although kids age 11 or younger can’t be vaccinated quite yet, teens ages 12 and up can be. While we wait for final recommendations for younger kids, here’s what we know about COVID-19 vaccines for kids.
When will kids be able to get a COVID-19 vaccine?
Kids ages 12 and up are able to get Pfizer’s COVID-19 vaccine. The other mRNA vaccine, Moderna, and the only single-dose vaccine on the US market, Johnson & Johnson, aren’t available for kids yet.
The FDA’s advisory committee met Tuesday and voted on recommending Pfizer’s COVID-19 vaccine for kids ages 5 to 11. Pfizer said in September that its vaccine is safe and effective for children in that age group, and members of the FDA’s committee ultimately voted that the benefits of vaccinating younger kids outweighed the risks. If an authorization is formally accepted by the FDA, an independent advisory committee to the US Centers for Disease Control and Prevention will meet Nov. 2-3 to decide how the shots will be administered to children, and the CDC will need to formally accept its recommendation. Both agencies typically follow the advice of their advisory committees, so we can expect a final decision for kids ages 5 to 11 next week.
Do I need to give consent in order for my young child to get vaccinated?
Yes, parents generally need to consent to their children receiving medical care, which will include Pfizer’s COVID-19 vaccine. This is especially true for younger children.
However, if you have a teenager or child old enough to express a desire to get a COVID-19 vaccine, but their desire is different than yours, they may have legal precedent to seek one out, depending on which state you live in.
In Tennessee, the rights of minors versus their parents when it comes to vaccine decisions came under the spotlight last summer when the state’s vaccine director, Michelle Fiscus, was allegedly fired, in part, for sending out a memo explaining Tennessee’s «mature minor doctrine,» which is the state’s writing on how minors may seek medical care without the consent of their parents in some cases.
If my child is immunocompromised or has a health condition, can they get a booster?
If your child is at least 12 years old, «moderately or severely» immunocompromised and vaccinated with Pfizer, according to the CDC, they should get a third dose of Pfizer. Moderna is only authorized for people aged 18 and older. Examples of people who are immunocompromised include people receiving treatment for cancers in the blood or tumors, organ transplant recipients, stem cell transplant recipients, people with untreated or advanced HIV infection and people taking drugs that could suppress the immune response, per the CDC.
The boosters currently available to some Americans who received Moderna, Pfizer or Johnson & Johnson only applies to adults age 18 or older. No minor is eligible for a booster.
Does Pfizer’s full FDA approval extend to kids?
The FDA’s approval of the vaccine by Pfizer and its partner, BioNTech, only applies to people as young as 16 years old. While Pfizer remains the only vaccine authorized for use in kids as young as 12 years old, vaccinating that age group is still under emergency use authorization rather than total approval. This is because, along with other factors, full FDA approval requires data on how the vaccine fares six months out, per NPR. Pfizer’s vaccine was only authorized for kids aged 12 to 15 in May.
This means that a vaccine mandate that hinges on full approval of a coronavirus vaccine, such as the one announced for schoolkids in California, won’t apply to kids younger than 16 for a while.
My child has allergies. Can they get the vaccine?
«If the child has a history of anaphylaxis or other severe allergies, then the observation time after the injection may be 30 minutes instead of 15,» Dr. Anne Liu, an infectious disease specialist with Stanford Hospital and Clinics and the Lucile Packard Children’s Hospital, said in August. So you might be asked to stick around the waiting room with your child for an extra 15 minutes so health care providers can monitor vaccine recipients for the (extremely rare) allergic reaction that can occur after any vaccination.
Additionally, Liu said, children who are prescribed an EpiPen for any reason should bring it to their vaccine appointment.
If your child has a severe allergy to any of the ingredients in the vaccine available to them, they shouldn’t take it, according to the World Health Organization. Adults allergic to any ingredient a COVID-19 also shouldn’t take that vaccine. Find the ingredients for Pfizer on the FDA fact sheet, as well as Moderna’s components.
Can my child get the COVID-19 shot at the same time as other vaccines?
Yes, according to the CDC, your child may get other vaccines when they go in for their coronavirus shot without waiting 14 days between appointments.
Should I worry about myocarditis?
Myocarditis and pericarditis, or inflammation in the heart, is a rare side effect linked to Moderna and Pfizer vaccines, mostly in adolescent males and young adults. After looking at data and weighing the risks and benefits, the CDC still recommends everyone, including children as young as 12, get vaccinated. According to a Washington Post report, the CDC and FDA are looking into Canadian data that suggests Moderna might carry a higher risk of myocarditis than Pfizer, mainly in young people.
When cases of myocarditis have occurred, Liu said, the cases have typically responded to treatment and resolved themselves, even when patients were hospitalized for a day or two.
«COVID-19 infection can have much more serious consequences for the heart than the vaccine,» Liu said.
The government in Singapore, where 82% of the population is fully vaccinated, recommends that people, especially adolescents and young men, refrain from strenuous exercise for a week after their second dose of a COVID-19 vaccine. The CDC recommends speaking to a doctor about when to return to sports or exercise following a diagnosis of myocarditis.
If I’m pregnant or breastfeeding, can I get vaccinated?
Yes, according to the CDC, because pregnant people are at much higher risk of severe COVID-19 and complications, including death, than people who aren’t pregnant.
Preliminary data shared by the CDC showed there was no increased risk of miscarriage among those who got an mRNA vaccine before the 20th week of pregnancy compared with those who didn’t.
My child can’t be vaccinated yet. What should we do?
When spending time with other families with children, it’s best if everyone continues to wear a mask, according to Harvard Health, and they should isolate themselves if there’s a COVID-19 exposure. Additionally, choosing more outdoor activities and avoiding crowds, even when outdoors, can help protect your kids. Parents and older siblings who are vaccinated should also mask up to prevent breakthrough infections that can spread to vulnerable people who aren’t as protected, including kids.
The CDC has prioritized in-person learning for students this fall, and it has guidance on prevention strategies schools should use to keep students and staff safe.
Correction, Oct. 25: A previous version of this story included a sentence implying incorrect information about available vaccines for children age 12 and older. Only Pfizer’s vaccine is currently available to kids ages 12 to 17.
The information contained in this article is for educational and informational purposes only and is not intended as health or medical advice. Always consult a physician or other qualified health provider regarding any questions you may have about a medical condition or health objectives.
Technologies
Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance
Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.
Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.
The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.
Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.
Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.
Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.
The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»
Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.
Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.
At Monday’s close, the stock had dropped 14% year-to-date.
Technologies
OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report
OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.
OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.
Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.
‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’
Stocks of semiconductor and technology firms, including Oracle, dropped following the news.
The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.
Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.
This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.
Read the full report from The Wall Street Journal.
Technologies
OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift
OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.
Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).
AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.
‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.
Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.
OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.
‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’
A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.
Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’
On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.
OpenAI and Amazon have been getting closer in other ways.
In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.
Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.
The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.
‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’
WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know
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