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Full-dose blood thinners decreased need for life support and improved outcome in hospitalized COVID-19 patients

Fri, 01/22/2021 - 4:51pm -- tim

Vermont Business Magazine In large clinical trial conducted worldwide, full dose anti-coagulation (blood thinner) treatments given to moderately ill patients hospitalized for COVID-19 reduced the requirement of vital organ support—such as the need for ventilation. A trend in possible reduction of mortality was also observed and is being further studied. With large numbers of COVID-19 patients requiring hospitalization, these outcomes could also help reduce the overload on intensive care units around the world. Dr Mary Cushman, at the University of Vermont's Larner College of Medicine, is a lead investigator on one aspect of the trial.

PAI: Revenues are up, but it’s all relative

Fri, 01/22/2021 - 4:33pm -- tim

by Jack Hoffman, Public Assets Institute Federal stimulus funds clearly have been a godsend for Vermont and other states. Through the first round of relief—direct payments to state government, supplemental unemployment benefits, or aid to businesses—more than $5 billion flowed into Vermont to help fight the COVID-19 pandemic and to offset some of the economic damage it has caused.

Peck changes name to iSun with acquisition

Fri, 01/22/2021 - 1:43pm -- tim

Vermont Business Magazine iSun, Inc (NASDAQ:ISUN), formerly The Peck Company Holdings, Inc, a leading commercial solar engineering, procurement and construction company and iSun Energy LLC, a provider of innovative solar power, electric mobility and smart city solutions for government, commercial, retail, academic and data-center projects, today announced that they have closed on the acquisition of iSun Energy LLC, announced on January 5, 2021.

Vermont and Québec aerospace trade corridor endures pandemic

Fri, 01/22/2021 - 5:49am -- tim

Vermont Business Magazine In December, the Vermont Agency of Commerce and Community Development and the US Small Business Administration partnered with the Vermont Chamber of Commerce and US Commercial Service to host a delegation representing Vermont’s aerospace, aviation, and defense sectors at a reinvented 100 percent virtual edition of the 2020 Aerospace Innovation Forum by Aéro Montréal, with the theme of “Smart Travelling Rethought.”

Town of St Albans will universally mail ballots for Town Meeting Day 2021

Fri, 01/22/2021 - 3:08am -- tim

Vermont Business Magazine The St Albans Town Selectboard voted unanimously to mail every registered voter in the Town of St Albans their ballot for Town Meeting Day 2021. H48, which was signed into law by Governor Scott on January 19, 2021, gives each municipality the ability to vote by mail if they so choose.

VDH COVID-19 Update: Three more deaths and 101 cases

Thu, 01/21/2021 - 5:31pm -- tim

Vermont Business Magazine The Vermont Department of Health today is reporting 101 new cases of COVID-19 and three more deaths for a statewide total of 168. Local and national officials, however, are suggesting that the third wave of the pandemic has peaked just as vaccine doses get distributed. Also, those state officials, including Governor Scott, who were possibly exposed to COVID-19 at a press conference on Tuesday have all tested negative. They will be tested again following a full seven days of quarantine. The press briefing Friday will be held remotely.


State officials all test negative for COVID-19

Thu, 01/21/2021 - 5:21pm -- tim

Vermont Business Magazine There is no change in status for Governor Phil Scott, who tested negative Wednesday. He continues to work while in quarantine and will be tested again on Tuesday, January 26. Health Commissioner Mark Levine, MD, Human Services Secretary Mike Smith and Public Safety Commissioner Mike Schirling – who were all tested yesterday – have tested negative for COVID-19. Smith and Schirling, whose last exposure was on January 15, will take their day 7 test tomorrow.

Incentivizing vaccine adherence could be key to achieving herd immunity

Thu, 01/21/2021 - 3:07pm -- tim

Vermont Business Magazine As the United States struggles to control record-breaking increases in COVID-19 infections and hospitalizations, the roll-out of two approved vaccines offers tremendous hope for saving lives and curbing the pandemic. To achieve success, however, experts estimate that at least 70 to 90 percent of the population must be inoculated to achieve herd immunity, but how can we ensure folks will voluntarily receive a vaccine?

NVRH receives $450,000 grant to build prevention network

Thu, 01/21/2021 - 1:14pm -- tim

Vermont Business Magazine Northeastern Vermont Regional Hospital (NVRH) has received the Vermont Prevention Center of Excellence’s Grant. The grant, which totals $450,000, tackles two components of prevention: the promotion of healthy lifestyles and norms that reduce the risks associated with the use of alcohol, tobacco and other drugs and the reduction of the impact of those at higher-than-average risk for substance misuse. This includes individuals currently experiencing problems related to use.

Vermont licensed 38 new captive insurance companies in 2020, 589 total

Thu, 01/21/2021 - 1:03pm -- tim

Vermont Business Magazine The Vermont Department of Economic Development announced today that the State of Vermont licensed 38 new captive insurance companies in 2020, Vermont is now home to 589 licensed captives, consisting of 564 active and 25 dormant captive insurance companies. The new captives were licensed in healthcare, real estate, manufacturing, insurance, transportation, technology, construction, and professional services. New and notable companies this year include the University of Southern California, State Street Bank, Saputo, and the Blackstone Group. At least six of Vermont’s new captives in 2020 were formed by companies with international roots — including Canada, Germany (2), Sweden, Dubai, and Australia.

Union Bankshares reports record earnings for 2020

Thu, 01/21/2021 - 12:19pm -- tim

Vermont Business Magazine Union Bankshares, Inc (NASDAQ - UNB) has announced results for the three months and year ended December 31, 2020. Net income was $3.8 million and $12.8 million for the three months and year ended December 31, 2020, resulting in earnings per share of $0.85 and $2.86 for the same periods, respectively. The Board of Directors also declared a cash dividend of $0.33 per share for the quarter, an increase of 3.1% from the cash dividend of $0.32 paid in recent prior quarters, payable February 5, 2021 to shareholders of record as of February 1, 2021.