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Editor’s note: This page will be updated as new data about XBB.1.5 emerges.

A new flavor of the omicron variant of SARS-CoV-2, the virus that causes COVID-19, was identified in October 2022. In the past several weeks, it has steadily gained prominence in the United States. The subvariant is known as XBB.1.5 but has also been given the unofficial nickname “Kraken,” after the mythical sea monster.

Here’s what we know so far about XBB.1.5 so far.

Related: Most widely used COVID-19 vaccines and how they work How did XBB.1.5 emerge and where is it spreading?

Scientists first identified XBB.1.5 in New York state in October 2022, The New York Times reported (opens in new tab) . 

The subvariant stems from a broader branch of the omicron family tree known as “XBB,” which emerged as a result of two earlier versions of omicron — BA.2.10.1 and BA.2.75 — swapping genes, according to the World Health Organization (opens in new tab) (WHO). These closely related omicron subvariants had the opportunity to swap genes when they infected the same person at the same time. 

From their two parents, XBB viruses gained mutations that helped them evade protective antibodies gained through prior COVID-19 infections and through vaccinations. But there was a tradeoff: XBB viruses simultaneously lost some of their ability to bind tightly to cells, a key step in infection, the New York Times reported. This may explain why other versions of omicron initially outcompeted XBB viruses.

However, as XBB viruses spread, they picked up new mutations and XBB.1.5, a.k.a. the “Kraken,” was born. The Kraken harbors a mutation called F486P, which appears to restore the virus’s ability to tightly latch onto cells, researchers reported Jan. 5 in research posted to the preprint database bioRxiv (opens in new tab) . (This research has not yet been peer-reviewed or published in a scientific journal.)

In a Jan. 4 news conference (opens in new tab) , WHO Director-General Dr. Tedros Adhanom Ghebreyesus (opens in new tab) reported that XBB.1.5 is “on the increase in the U.S. and Europe and has now been identified in more than 25 countries.” Genomic data submitted to the open access database GISAID (opens in new tab) shows that U.S., U.K., Austria, Denmark, Canada, Israel and Germany have detected the most XBB.1.5 sequences so far, and that the subvariant remains relatively rare elsewhere. How easily does it spread?

Available evidence suggests that XBB.1.5 is the “most transmissible” omicron descendent yet detected, Maria Van Kerkhove (opens in new tab) , the WHO’s COVID-19 technical lead, said at a news conference on Jan. 4, according to The New York Times. In the U.S., XBB.1.5 is beginning to gain dominance over other circulating omicron subvariants. 

In early December, the Kraken made up an estimated 2% of all COVID-19 cases in the U.S., The Washington Post reported (opens in new tab) . That figure jumped to 40% in the last week of December, STAT reported (opens in new tab) . 

The Centers for Disease Control and Prevention (opens in new tab) (CDC) have not yet analyzed all the data from early January 2023, but their current projections suggest that XBB.1.5 accounted for more than 27% of U.S. cases in the first week of the year. In the northeastern U.S., where XBB.1.5 was first detected and remains most common, the subvariant accounts for more than 70% of new cases, according to The Washington Post.

That said, nationwide, other flavors of omicron — namely BQ.1 and BQ.1.1 — were still circulating at comparable levels to XBB.1.5 during the first week of January, the CDC’s projections suggest.Is XBB.1.5 more likely to cause severe disease?

Scientists will need to see many weeks of hospitalization and death data before determining whether XBB.1.5 is more likely to trigger severe disease compared with earlier versions of SARS-CoV-2, the virus that causes COVID-19. 

As the U.S. experiences a nationwide surge in COVID-19 infections, “we’re seeing hospitalizations have been notching up overall across the country,” Dr. Barbara Mahon (opens in new tab) , director of CDC’s Coronavirus and Other Respiratory Viruses Division, told NBC News (opens in new tab) . “They don’t appear to be notching up more in the areas that have more XBB.1.5,” which hints that the subvariant isn’t necessarily more likely to cause severe disease than its predecessors. How well do boosters and treatments work against XBB.1.5?

Early data suggests that the so-called bivalent boosters — the two recently updated boosters made by Moderna and Pfizer — offer decent protection against XBB viruses, despite the lineage’s ability to evade antibodies, according to a Dec. 21 report in the New England Journal of Medicine (opens in new tab) . 

“Lab studies suggest that the bivalent vaccine is still effective in protecting against severe disease, though perhaps not as much against infection,” Andy Pekosz (opens in new tab) , a professor of Molecular Microbiology and Immunology at the Johns Hopkins Bloomberg School of Public Health, said in a statement (opens in new tab) . “XBB.1.5 is derived from the omicron variant BA.2, and while the current bivalent vaccine was developed for the BA.5 variant, it has been shown to generate antibodies that recognize BA.2,” he said.RELATED STORIES—COVID-19 may trigger diabetes by causing fat cells to go haywire

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“Things like boosters are always beneficial,” Kristian Andersen (opens in new tab) , a professor in the department of immunology and microbiology who tracks coronavirus variants at the Scripps Research Institute, told The Washington Post. “Even if you get infected, you are expected to have less viral load, and you are expected to be able to transmit the virus less.”

(Notably, as of Jan. 4, less than 16% of eligible U.S. residents had received a bivalent booster, the CDC reported (opens in new tab) .)

Palxovid, an oral antiviral pill used to treat COVID-19, will be effective at treating infections with XBB.1.5, The New York Times reported. The pill may not be prescribed to all COVID-19 patients, as it’s not compatible with certain medications, Pakosz noted, “but overall, for the vast majority of people, Paxlovid is still a good drug to be prescribed if you get COVID-19.”

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George to ‘enhance’ program at Bowling Green

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George to 'enhance' program at Bowling Green

BOWLING GREEN, Ohio — Eddie George was pondering the next steps in his burgeoning career as a college football coach while driving back from the NFL scouting combine.

He got a sign in the most unlikely of places.

George was driving through Bowling Green, Kentucky, on his way back to Nashville when he received a text from Urban Meyer asking if George would be interested in returning to Ohio and being the coach at Bowling Green.

After a couple weeks of discussions, George was formally introduced on Monday as the 21st head coach in school history.

“It feels like a whirlwind. Last week felt like a whole month in terms of the interviews and the process,” George said during his introductory press conference at the Stroh Center. “This is not going to be an easy process. We still have a lot of work to do to get across the finish line.”

George replaces Scot Loeffler, who left Bowling Green on Feb. 28 to become the Philadelphia Eagles’ quarterbacks coach. Loeffler had a 27-41 record in six seasons, including bowl appearances the past three seasons.

Meyer, who coached BG for two years before going on to Utah, Florida and Ohio State, was one of many former coaches and players that athletic director Derek van der Merwe had discussions with about candidates.

George returns to Ohio — where he won the 1995 Heisman Trophy at Ohio State — after being the head coach at Tennessee State for four years. He had a 24-22 record and took a program that had struggled to its first Football Championship Subdivision playoff spot since 2013 this past season.

The Tigers went 9-3 in 2024 and won a share of the Big South-Ohio Valley Conference. George was named coach of the year and was a runner-up for the Eddie Robinson National Coach of the Year award.

Bowling Green was originally supposed to start spring practices on Wednesday, but that will be delayed a couple of weeks as George finalizes his coaching staff.

“I wouldn’t say it’s great timing. But when I took over at Tennessee State, it was in the spring, ironically. It took us some time to get there, but we got there,” George said. “I think now the goal is how do we get to September? It’s going to take diligence for us to be focused, operate with a great attitude and be intentional.”

George played nine seasons in the NFL, including eight with the Tennessee Titans. He was the 1996 AP NFL Offensive Rookie of the Year and an All-Pro selection in 2000. He finished with 10,441 yards rushing with 268 catches for 2,227 yards and had 78 total touchdowns. He was inducted into the College Football Hall of Fame in 2011.

George also interviewed with the Chicago Bears for their head coach opening in January.

Besides coaching, George has been an actor who appeared on Broadway in New York, along with other business interests. He also has taught as an adjunct professor at his alma mater Ohio State and Vanderbilt University.

“After meeting with Eddie, it became very clear to me that Eddie checked every aspect of that profile that we created. He is someone who cares about people, values, personal growth and development, defines himself by his ability to adapt, adjust, and have success in every aspect of his life,” van der Merwe said.

George spent the 2004 season with the Dallas Cowboys before retiring in 2006. His wife Tamara “Taj” George is a member of the group Sisters with Voices (SWV) and they have two sons. Eriq George has been a starting defensive end the past two seasons for Tennessee State.

Bowling Green has been a successful springboard for past coaches. Besides Meyer, Dave Clawson and Dino Babers had successful tenures that propelled them to jobs at Wake Forest and Syracuse.

However, this could be a rebuilding year for the Falcons. All-America tight end Harold Fannin Jr. is a top prospect in the upcoming NFL draft while wide receiver Malcolm Johnson Jr. and quarterback Connor Bazelak are graduating. Running back Terion Stewart transferred to Virginia Tech.

“We don’t stray away from what made this program successful. I’m not here to blow it up. I’m here to enhance it,” George said.

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Fintech stocks plummet as Wall Street worries about consumer spending, credit

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Fintech stocks plummet as Wall Street worries about consumer spending, credit

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City.

Spencer Platt | Getty Images

It was a bad day for tech stocks, and a brutal one for fintech.

As the Nasdaq suffered its steepest decline since 2022, some of the biggest losers were companies that sit at the intersection of Wall Street and Silicon Valley.

Stock trading app Robinhood tumbled 20%, bitcoin holder Strategy fell 17% and crypto exchange Coinbase lost 18%. Much of the slide in those three stocks was tied to the drop in bitcoin, which fell almost 5%, continuing its downward trajectory. The price of the leading cryptocurrency is now down 19% in the past month, falling after a big-post election pop in late 2024.

Beyond the crypto trade, online lenders and payments companies also fell more than the broader market. Affirm, which popularized buy now, pay later loans, dropped 11%, as did SoFi, which offers personal loans and mortgages. Shopify, which provides payment technology to online retailers, fell more than 7%.

JPMorgan Chase fintech analysts on Monday highlighted declining consumer confidence as a potential challenge for companies that rely on consumer spending for growth. In late February, the Conference Board’s Consumer Confidence Index slipped to 98.3 for the month, down nearly 7%, the largest monthly drop since August 2021. Walmart recently reported a shift away from discretionary purchases, underscoring the potential trouble.

“Our universe has modestly outperformed the S&P 500 since the election, but sentiment has soured of late on declining consumer confidence and signs of slowing discretionary spend,” the JPMorgan analysts wrote.

The fintech selloff follows a strong rally in the fourth quarter, driven by Fed rate cut expectations and hopes for a more favorable regulatory environment under the Trump administration.

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PayPal CEO Alex Chriss: Huge opportunity to deliver to consumers and help small business

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Tesla (TSLA) insider trading: Elon’s friend James Murdoch just unloaded $13 million

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Tesla (TSLA) insider trading: Elon's friend James Murdoch just unloaded  million

James Murdoch, a Tesla board member and friend of CEO Elon Musk, has confirmed that he sold about $13 million in stock today as the stock (TSLA) crashed.

There has been a lot of insider trading at Tesla lately, and by trading, we mean selling – cause no insider is ever buying at Tesla.

We recently reported on Kimball Musk, Elon’s brother, and Tesla’s Chief Financial Officer Taneja Vaibhav recently selling ahead of a recent drop in the company’s stock price.

Tesla’s chairwoman, Robyn Denholm, also sold $33 million worth of Tesla shares last week and over $100 million in the last 3 months.

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Now, it’s James Murdoch’s turn. The Tesla board member just confirmed, through a required SEC filing, that he sold 54,776 Tesla shares for just over $13 million today:

He sold as Tesla’s stock crashed 15% today. It is now down more than 50% from its all-time high just a few months ago.

Murdoch was appointed to Tesla’s board in 2017.

He is better known as the son of media mogul Rupert Murdoch and the former CEO of 21st Century Fox from 2015 to 2019.

Murdoch was one of the Tesla board directors who was forced to return almost $1 billion in cash and stock options to Tesla as part of a settlement for over-compensation.

Electrek’s Take

Tesla insiders are unloading, and those are just the ones we know about. Public companies only have to report insider trading for board directors and listed top executives.

For the latter, Tesla purposefully only lists 3 people: Elon, Vaibhav Taneja, Tesla’s CFO, and Tom Zhu, whose role at Tesla has bit quite fluid in recent years.

Therefore, we don’t know about the dozens of other top executives potentially selling their shares right now amid a giant correction.

It’s really suspicious because there are clear top leaders at Tesla who are often on Tesla’s earnings calls, and they are not even listed, like Lars Moravy, for example.

But it’s par for the course at Tesla, which has some of the worst corporate governance I have ever seen. It’s truly shameful.

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