Outline of Animal Embryo Breeding discipline
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Not only does it refer to the practice of selectively breeding and raising livestock to promote desirable traits in animals for utility, sport, pleasure, or research [1], but also it refers to the efficient exploitation of a species in agriculture advantageous to humans. The genetic improvement of livestock depends on defining breeding objectives and accurately identifying the right animals to be used for future breeding. Traditional breeding programs involve 1) the design of animal breeding goals including improvement traits, such as milk, wool, growth, carcass and fertility, females vs. males, progeny test and nucleus vs. commercial animal population; 2) application techniques, such as artificial insemination and embryo transfer, are used as methods not only to guarantee that females breed regularly but also to help improve herd genetics; 3) based on quantitative genetics theory, estimation of breeding value by phenotype, pedigree, BLUP (best linear unbiased prediction) method, and genetic markers; 4) selection and culling of individuals based on genetic evaluation, balancing rate of change, and inbreeding; and 5) determining mating system. This is a long-term process for livestock genetic improvement.
As modern biotechnology develops, some new techniques can be applied to animal breeding programs 1) to accelerate genetic progression by shortening generation interval and increasing female reproduction; 2) to add new genetic trait to animal body by transgenic technology or to remove bad traits from animal body by gene knockout method [2]; and 3) to create new animal individual or breed by modern biotechnologies including nuclear transfer, cloning, and genetic modification. These new technologies will make it easier to manipulate animal genomes, but food products from genetically engineered animals face a long road to market. Examples of biotechnology applications of particular interest to the department include cell culture, genomics, molecular-marker-assisted breeding, cloning, bioprocessing, and diagnostic testing, as well as gene technology (genetic modification). Genetic modification deliberates change of an organism’s genetic material by moving, introducing, or eliminating specific genes, such as taking a single gene from an animal cell and inserting it into another animal cell to give the second cell a desired characteristic. The terms “gene technology,” “genetic engineering” and “genetic manipulation,” “genetic enhancement,” “gene splicing,” “transgenics,” or the use of “recombinant DNA” are used to describe genetic modification processes. Genes can be found in and moved between different plants, animals or microorganisms such as viruses or bacteria, for example, transferring worm fat-1 gene to pig to produce more omega-3 fat acid in pork meat [3]. Genes can also be changed within a specific plant or animal individual. For instance, “knocking out” an undesirable characteristic gene such as susceptibility to a particular disease can be beneficial to the plant or animal life.
In mammals, the realization of these goals must depend upon
Embryology has become a core of modern biotechnologies in animal genetic modification and breeding. Any new developed biotechniques such as nuclear transplantation, cloning, and transgenesis, finally must be performed on animal oocytes or embryos. MOET represents multiple ovulation and embryo transfer.
Breeding is the reproductive process, which is producing of elite offspring in animals or plants. Animal breeding programs involve the selection or culling of parents (such as bull and cow) and then determination of mating system. They must be female and male sex combination. However,
As a new developing subject, Animal Embryo Breeding Science mainly depends upon modern biotechnology development, especially molecular biology, genetics, and reproductive biology with embryology. However, it also has a close association with other subjects such as reproductive biology and embryology, animal genetics and breeding (Figure 2).
The designed relationship of Animal Embryo Breeding with other disciplines. The Embryo breeding is a core subject which combines molecular biology/genetics with animal genetics and breeding as well as reproductive biology and embryology.
The goal of animal breeding program can be realized by the current embryo breeding technology. Using molecular biological technique, a specific gene type for the desired animal may be designed. The new developed biotechnologies to attempt to modify animal genetic traits must be conducted on animal oocyte and embryo. The embryo in vitro production and animal individual birth must depend upon animal reproductive technology. Embryology may supply a good condition to produce many high-quality embryos. Thus, the Embryo Breeding is a core subject which combines molecular biology/genetics with animal genetics and breeding as well as reproductive biology and embryology.
Animal Embryo Breeding Science is based on the current developed embryo biotechnology. The core of current embryo biotechnology is oocyte in vitro fertilization (IVF). As human IVF technique rapidly develops in infertility treatment, not only animal IVF has offered a very valuable tool to study mammalian fertilization and early embryo development, but also its commercial applications have being increased. Based on IVF research, some new developed embryo technologies consisting of nuclear transfer, transgenesis, cloning, and stem cells, etc., can be used to create new animal individual or population, and accelerate genetic progression of animal population during the period from early oocyte stage (oogenesis) to preimplantation embryo stage (Figure 3).
Schematic representation of main embryo biotechnologies which can impact on the genetic improvement programs on animal embryo breeding.
Based on this schematic picture, we may focus on several fields for Animal Embryo Breeding research. In the early stage of oogenesis and oocyte maturation, some key techniques such as genomic reconstruction, nuclear transfer, androgenesis and parthenogenesis, cytoplasm replacement, etc., may be used to change animal genetic construction [5]. At the fertilization stage, the sexing sperm may be used to produce specific-sex (female or male) animal population to achieve better economic results [6]. Using intracytoplasmic sperm injection (ICSI) technique may make an elite performance bull with a very few sperm produce a lot of offspring. At the pronuclear stage, the foreign DNA may be injected to zygote to produce transgenic animals. In the preimplantation cleavage and blastocyst stage, preimplantation genetic diagnosis (PGD) or preimplantation genetic screening (PGS), embryo cloning, mosaic animal and embryo stem cell techniques may be used to produce various different types of animals. Also, at any stage, sperm, egg and embryo, as well as somatic cells may be cryopreserved for future use [7]. Thus, we may profile the outline of Animal Embryo Breeding study as shown in Table 1 (Table 1).
\n\t\t\t\t | \n\t\t|
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | Semen collection and its storage | \n\t\t
\n\t\t\t | Sperm sexing | \n\t\t
\n\t\t\t | Ovulation control | \n\t\t
\n\t\t\t | Superovulation | \n\t\t
\n\t\t\t | Ultrasound-guided oocyte retrieval (TVOR) or nonsurgical ovum pick up (OPU) | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | Multiple ovulation (superovulation) | \n\t\t
\n\t\t\t | Multiple ovulation with embryo transfer (MOET) | \n\t\t
\n\t\t\t | Embryo splitting | \n\t\t
\n\t\t\t | Embryo sexing | \n\t\t
\n\t\t\t | Embryo transfer technique | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | Intracytoplasm sperm injection (ICSI) | \n\t\t
\n\t\t\t | Culture of | \n\t\t
\n\t\t\t | Preimplantation embryo diagnosis | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | Embryo blastomere cloning | \n\t\t
\n\t\t\t | Somatic cell nuclear Transfer (Dolly) | \n\t\t
\n\t\t\t | Embryonic stem cell nuclear transfer | \n\t\t
\n\t\t\t | Induced pluripotent stem cells (iPS) nuclear transfer | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | Inserting genes | \n\t\t
\n\t\t\t | Knockout genes | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | a) Directly inject a gene into egg pronucleus | \n\t\t
\n\t\t\t | b) Sperm-mediated gene transfer | \n\t\t
\n\t\t\t | c) Stem-cell-mediated gene transfer (transfection) | \n\t\t
\n\t\t\t | d) Retrovirus and viruses vector for gene transfer | \n\t\t
\n\t\t\t | e) Transfer of animal cells/embryo | \n\t\t
\n\t\t\t | f) Targeted gene transfer | \n\t\t
\n\t\t\t | g) Liposomes or spheroplasts as vector | \n\t\t
\n\t\t\t | h) Other techniques such as electroporation, use of complexes, of DNA with polycations or lipids; a particle gun, DNA with polycations or lipids, etc. | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | a) Cow or cattle | \n\t\t
\n\t\t\t | b) Sheep and goat | \n\t\t
\n\t\t\t | c) Fish | \n\t\t
\n\t\t\t | d) Pig | \n\t\t
\n\t\t\t | e) Other animals | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t | \n\t\t\t\t | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | Germinal vesicle (GV) transfer | \n\t\t
\n\t\t\t | Androgenesis | \n\t\t
\n\t\t\t | Parthenogenesis | \n\t\t
\n\t\t\t | Three-parent baby | \n\t\t
\n\t\t\t | Ova-plasma transfer | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | Fluorescent | \n\t\t
\n\t\t\t | Polymerase chain reaction (PCR) | \n\t\t
\n\t\t\t | Microarray | \n\t\t
\n\t\t\t | Comparative Genomic Hybridization (CGH) | \n\t\t
\n\t\t\t | Gene chips | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | Heteromorphosis | \n\t\t
\n\t\t\t\t | \n\t\t|
\n\t\t\t | Sperm cryopreservation | \n\t\t
\n\t\t\t | Egg cryopreservation | \n\t\t
\n\t\t\t | Somatic cell cryopreservation | \n\t\t
Outline of Animal Embryo Breeding discipline
As a new discipline, animal scientists and breeders can apply Animal Embryo Breeding Science theory to animal population to improve genetic traits, to add new benefit traits to animal body and to remove some harmful traits from animal body. Major research categories involve the following several aspects:
The objective of embryo breeding study is to create new animal individual or improve animal population. Based on the objective of the animal breeding program – what kind of animal traits you need in the breeding program – you may adopt an appropriate method of embryo biotechnique. For instance, if you want to add new genetic trait into animal body, you may use transgenic method to insert this gene into embryo. If you need to produce a complete same animal, clone method may be used as embryo cloning or nuclear transfer technique to clone this animal somatic cell.
The technique selection of embryo breeding: based on your breeding objective, a specific technique should be selected; for instance, in transgenic program, what gene and which method should be used to produce transgenic animals. In the animal cloning program to increase animal population homogeneity, various cloning methods should be evaluated for the best cloning technique, such as embryo cloning, stem cell, or somatic cell cloning.
Inserting embryo breeding into animal breeding program. In practice, embryo breeding is a trick to produce a specific animal. By the means of transgenic tactics, a given target gene vector may be constructed and transformed to chromosome in cell. Then, a given aim-gene embryo may be formed by nucleus transfer technique. By means of the genetic screening and diagnosis on cell levels, an expected embryo with a specific genotype embryo may be determined on embryonic level. Then, this expected embryo with a specific modified gene may be transferred into animal uterus to produce a specific animal. After individual level diagnosis, the ideal animal may be placed in animal population to expend its reproduction as traditional breeding program.
Genomic reconstruction by somatic cloning and parthenogenesis to produce specific animal population
When a bull or cow with elite production performance in beef cattle population is discovered, the breeding aim will be to accelerate this cow or bull reproduction to propagate a new breed of cattle. By normal breeding mating, this cow may lose half its inherent genes in its offspring. However, by the means of cloning techniques, many individuals of the same genotype can be theoretically produced. Thus, the accuracy of evaluation may be greatly increased. In spite of low cloning efficiency, many scientists are still interested in animal cloning techniques, which will eventually be used to clone very valuable animals, such as breeding stock, transgenic animals, and endangered species.
By the means of cell nucleus transfer technology, a new animal can be produced using androgenesis method [7]. Androgenesis is a male parthenogenesis in which only paternal chromosomes are kept in the embryo with the removal of the egg nucleus at the fertilization [8]. This is a reproductive pattern from two male parents. After an oocyte nucleus has been removed, a male diploid cell is transferred into this egg in which the oocyte cytoplasm will induce this diploid cell going through meiosis to become a haploid MII oocyte. After inducement, a male sperm is injected into this oocyte to produce a paternal embryo. Finally, this modified embryo will be transferred into receipt cow to produce a new individual bull with two male parents.
Create new genetic variation in population by genomic modification during embryogenesis
The current animal breeding strategies are mainly based on the principle of selective breeding including the morphology of animal body, the application of quantitative genetics theory, the estimation of breeding value by phenotype, pedigree, BLUP (best linear unbiased prediction) method, and genetic markers. These methods mainly add genetic improvement by increasing the frequency of advantageous alleles of many loci, but actually very few of gene loci are identified. These techniques do not change gene movement from different species or genera due to reproductive barrier, while the new developed transgenic technique can remove the breeding barriers between different species or genera.
The most efficient method of transgenesis in mammals is the genetic manipulation of the pronuclear stage embryo [9]. By injecting foreign DNA into one of the two pronuclei of the zygote, the birth offspring may contain a functional foreign gene in the genome. In the last 20 years, many kinds of transgenic species have been produced for agriculture and medicine application [10]. For example, the transgenic technology in beef cattle industry may improve animals for faster growth, higher quality beef products, or disease resistance [11-13].
The transgenesis first starts with identification of the genes of interest. Current molecular biotechnology may help us to search for some interesting markers used as reference points for mapping relevant genes. These molecular markers can also be used for identification of the animals carrying the transgenes. Most of the quantitative genetic loci (QTL) are polygenic in nature but the manipulation of transgenesis is a single gene trait [14,15]. The technology holds promises in the future in moving polygenic QTL across the breeding barriers of animals. However, it is expected that molecular markers will serve as a potential tool to geneticists and breeders to evaluate the existing germplasm, and to manipulate it to create animals of desired traits [16].
Shorten generation interval by embryo in vitro production
As the oocyte in vitro maturation (IVM) and in vitro fertilization (IVF) techniques rapidly develop, the ultrasound-guided oocyte retrieval (TVOR) or nonsurgical ovum pick up (OPU) technique can retrieve many oocytes repeatedly from a cow or a heifer. As many as 1000 oocytes have been collected from one female cattle in a year [17-19]. Thus, the embryo in vitro production (IVP) technology has been able to promote a cow to produce more than one hundred offspring in a year and greatly accelerate herd genetic improvement speed [20]. In order to improve ordinary cattle herd, slaughterhouse ovaries also may be used as in vitro embryo production. A lot of oocytes could be obtained from slaughter house cow ovaries. After maturation, these oocytes may be inseminated with elite bull semen for in vitro fertilization [21]. Although the detail genetic backgrounds of these slaughterhouse animals are not known, these embryos have a very high genetic merit from elite bulls. Using these embryos, an ordinary cow herd could obtain at least 50% genetic improvement.
The multiple ovulation and embryo transfer (MOET) was used initially to produce more embryos from genetic elite cows in shorter time periods. Currently, the MOET breeding schemes have widely established in many countries and their use accounts for about 80% of cattle embryos transferred commercially [22]. Currently, the application of transvaginal ultrasonically guided OPU technique may significantly improve MOET scheme efficiency because about 1000 oocytes may be collected and 300 embryos may be produced
Increased economy from animal population by sex selection
Animal sex selection may increase animal economical value for humans. Embryo breeding theory may provide several ways for animal sex selection, including sperm sex selection and preimplantation embryo sex selection. Sperm sex selection is to try to separate semen into X- or Y-bearing chromosome sperm by flow cytometry [24, 25]. Current sorted sperm has been successfully used in IVF for in vitro embryo production and artificial insemination in cattle [6, 26].
Another sexing pathway is to determine the sex of an embryo prior to transfer. Preimplantation genetic diagnosis (PGD) technique has become an efficient method for sex selection. Y-specific chromosome probe for polymerase chain reaction (PCR) and Fluorescent
Fluorescent
Preservation breeding
Many animal breeders are interested in preserving bloodlines of animals, either of a rare breed, or of rare pedigrees within a breed. Therefore, Rahbek [27] put forward a preservation breeding concept to describe the purpose of preservation breeding, which is to protect genetic diversity within a species, and to preserve valuable genetic traits that may not be popular or in fashion in the present, but may be of great value in the future. In the animal embryo breeding program, two kinds of cells including reproductive cells and somatic cells may be cryopreserved in liquid nitrogen for future use. Reproductive cell cryopreservation is an important branch of embryo breeding science because it involves the preservation of gametes (sperm and oocytes), embryos, and reproductive tissues (ovarian and testicular tissues) for future use in the assisted reproductive technology. Practically, animal embryo breeding program may provide a sperm and embryo bank with the objective of avoiding genetic dilution and irreplaceable gene losses of the valuable “naturalized breeds” germplasm. It is much lower in cost than normal animal breeding, preserving rare native animal breed plan. At present, many countries have set up gene banks to store frozen embryos and semen of various animal species including native cattle, pig, and some endangered animals.
The development of embryo freezing technologies has revolutionized cattle breeding. Since then, advancements in cryobiology, cell biology, and domestic animal embryology have enabled the development of embryo preservation methodologies for our other domestic animal species, including sheep and goats. Currently, use of preserved embryos has become a routine breeding alternative for all domestic animal species. This freezing and storage methodology may provide for maternal germplasm, global genetic transport, increased selection pressure of herd genetics, and genetic resource rescue.
In the conventional breeding program, an outstanding bull may maintain normal mating for 5 years. However, if this bull semen is cryopreserved, it will extend the bull’s breeding time. In embryo breeding program, when some elite bulls leave very few sperm, we may use intracytoplasmic sperm injection (ICSI) technique to inject a single sperm to an oocyte so that genetic merit embryos are obtained [28]. Also, sperm cell genome cloning technique may be used to produce many copies of a specific sperm [8]. The application of this technique to beef and dairy cattle industry has greatly increased merit bull spread in animal herd [29].
Like normal reproduction, somatic cell nuclear transfer (SCNT) starts with an egg or oocyte, but here the nucleus of the egg needs to be removed. Then the nucleus from a somatic (skin) cell is transferred into the enucleated egg which would be analogous to the sperm entering the oocyte. As this develops into a blastocyst, cells from the inner cell mass can be isolated and purified to serve as a source for pluripotent stem cells. In animal embryo breeding, somatic cell is also an important genetic resource. Therefore, the somatic cells, such as skin, hair, and other cells from rare and endangered animals may be collected and cryopreserved so that they can be used in the future.
Currently, the following biotechnologies in embryology have been applied or will be applied in animal genetic improvement [9]: 1) Genomic reconstruction by somatic cloning and parthenogenesis can produce specific animal population; 2) new genetic variation in population can be created by genomic modification during embryogenesis, such as transgenic breeding strategies; 3) animal generation interval may be shortened by embryo in
It is now almost evident that our world seems to have entered into an infinite loop of new outbreaks of variants of the coronavirus that led to the COVID 19 pandemic. Beginning in early 2020, the coronavirus spread throughout the world and caused concern, as reflected in the world stock indexes. Even in the third year of this ongoing pandemic, it is clear that, despite vaccination and awareness, the new variant Omicron is causing investors to panic [1, 2]. Due to the extreme impacts of these epidemics, it is critical to investigate pandemics and their pessimistically veiled aspects to develop effective strategies. In this chapter, we will explore how this health outbreak impacted the economy and financial markets and how market participants responded to the pandemic.
The rest of the chapter is organized as follows. In the following sections, we review the literature on how the pandemic impacts the equity market and provide a brief discussion on how COVID-19 differs from other crises. Section 3 presents a discussion of how the pandemics impact other financial assets, including communities, foreign exchange, and cryptocurrencies. The fourth section analyzes corporate characteristics relative to their responses to the ill effects of the pandemic. Lastly, we end with the concluding remarks.
Throughout human history, there have been numerous health outbreaks, such as foot and mouth disease, severe acute respiratory syndrome (SARS), bird flu (H5N1), and swine flu (H1N1). During the SARS outbreak in 2003, a total of 8098 people worldwide became sick, and 774 people died. Even though SARS is contagious and spread by close person-to-person contact, it is short-lived, with only 8 months separating the first reported case and the end of the crisis. While Ebola was first seen in West Africa, unlike other outbreaks, Ebola killed 86 people on the first day of the disease. It has shown fatality rates ranging from 25–90% in past outbreaks. These outbreaks have significant social and economic impacts, such as increasing social tension and people’s health as well as the economy.
Barro et al. [3] calculated that the death rate of the 1918–1920 Spanish influenza pandemic would imply a 6- to 8-percentage-point drop in GDP and consumption in a typical country. Other researchers, on the other hand, have shown that a health outbreak can have a significant impact on the stock market and real economic activity. During the SARS outbreak, for example, the growth rate of household income fell by more than 3% [4], while the average price of Hong Kong real estate fell by 1.6% [5]. In the same way, Ichev & Marinč [6] found that the 2014–2016 Ebola outbreak events were followed by bad financial market returns.
The epidemic had the most serious impact on the tourism industry: hotels, restaurants, theme parks, and airlines. Chen et al. [7] found that within a month of the SARS outbreak, Taiwanese hotel stocks experienced steep declines in earnings and stock prices (approximately 29%), while the manufacturing, retail trade, and banking industries were less affected. Meanwhile, some industries benefited from concerns about health outbreaks. During the SARS outbreak, the biotechnology sector emerged stronger [7]. Similarly, the study by Donadelli et al. [8] documented that disease-related news has a positive impact on pharmaceutical stocks. As a result, investors shifted their assets from the financial market to the relatively low-risk real sector [9].
The impact of the health outbreak does not only affect the economy and investors’ behavior; it also influences corporations’ operations and strategies. Health outbreaks have led to great uncertainty about future cash flow, and investors may reduce investment due to uncertain demand and limited budgets. Besides the uncertainty of the epidemic, which increases default rates on credit cards and mortgages [10], the cost of bank loans, restrains the volume of bank lending [11]. While the approval of vaccines significantly mitigates the adverse impact of the outbreak [11].
Media coverage of major disasters, such as the Ebola outbreak, can heighten anxiety, depression, and terror, leading to risk aversion and pessimism among investors. Del Giudice and Paltrinieri [12] investigated observed monthly flows of geographically specialized equity mutual funds in African countries during the Ebola outbreak. They discovered that the disease outbreak had a statistically significant negative impact on monthly net flows. The effect was especially strong when linked to the event’s media coverage. In a similar vein, Ichev and Marinč [6] proposed that outbreak events are more relevant for companies that are geographically closer to both the outbreak’s birthplace and the financial markets.
In short, the external and unexpected shocks from health outbreaks can affect economic trends and suddenly change investors’ sentiment. The magnitude of the adverse impact also depends on the industry, media coverage, and geographic area.
In 2008, the global financial crisis triggered a massive liquidity crisis as authorities hurried to implement emergency assistance packages to save financial institutions and enterprises. It saw the demise of well-known financial institutions such as Lehman Brothers, Freddie Mac, and Fannie Mae, as well as Northern Rock. It’s important to recognize that the pandemic issue is very different from the global financial crisis of 2008. The COVID-19 pandemic is a health-related disaster that has far-reaching consequences not just for global economies but also for our everyday lives.
While no two epidemics are comparable, the current pandemic is fundamentally different from previous outbreaks. COVID-19 is much more dangerous than previous outbreaks [13, 14, 15]. Compared to other health outbreaks, the number of deaths COVID-19 has caused (more than 5.64 million people as of January 28, 2021) is actually more comparable with previous flu pandemics. More stringent public health measures that disrupt economic activity were implemented in response to the pandemic. As a result, the COVID-19 pandemic disaster has paralyzed the world more than any other crisis. Empirical evidence also suggests that the impact of European and US markets during the era of COVID-19 is high as compared to the GFC time [16]. Additionally, the implied volatility index (VIX), also known as the “fear gauge,” has moved and has risen to its highest level since the GFC, while the US 10-year treasury yield index has fallen to a new low [17]. In addition, unlike other disease outbreaks, only WHO’s public health risk announcements related to COVID-19 had a significant negative effect on stock markets, at least for 30 days [18].
Overall, no pandemic is likely to have had such a devastating economic impact as COVID-19, which caused a near-total shutdown of social and economic activity.
In December 2019, the COVID-19 outbreak was triggered in the city of Wuhan, which is in the Hubei province of China. More than 2 years have passed, and the virus is still spreading over the planet. Although China was initially the epicenter of the outbreak, instances are now being reported in a variety of other nations. The impact of the outbreak was not only the slowing down of the Chinese economy with interruptions to production, the functioning of global supply chains has also been disrupted. The outbreak triggered fears and uncertainty in the financial markets, resulting in lower market returns and increased stock market volatility [18, 19, 20, 21, 22]. As a result, investors suffered significant losses in a short period of time due to a very high level of risks [23]. This, in turn, has led to more financial market turmoil and made the economic shock even worse. Compared to previous pandemics, there was more borrowing and more debt among businesses and households during this time. This makes the short-term shocks more powerful than in the past.
During periods of high economic policy uncertainty, especially during COVID-19, economic policy uncertainty has a significant impact on the financial stock market and affects investment returns. Various studies have examined the impact of investor sentiment on the stock market during the pandemic. Some researchers use the VIX as a proxy for investors’ general attitude or tone toward future cash flows and investment risk of a particular security or financial market (e.g., [15, 24, 25]). An increase in VIX indicates a greater need for risk protection and higher market volatility. In particular, the VIX is used to quantify investors’ fear. One of the early studies by Baker et al. [14] examined the US stock market volatility based on the daily news headlines and found that the pandemic had an unprecedented effect on VIX, especially after February 24, 2020. In addition, they argued that no prior infectious disease outbreak has resulted in daily stock market swings as dramatic as the response to COVID-19 developments in 2020. One of the possible explanations for this result would be the government’s limits on commercial activity and deliberate social separation, which have powerful consequences in a service-oriented economy.
Other researchers focused on the implied volatility derived from stochastic volatility models (e.g., [26, 27, 28]). For instance, Mirza et al. [28] evaluated the price reaction, performance, and volatility timing of European investment funds during the outbreak. They found that social entrepreneurship funds outperformed their counterparts during the epidemic. These results reflect the reality that as the world becomes increasingly uncertain, investors are putting more emphasis on social aspects. Stock volatility, however, is not directly observed in practice, but rather inherently latent. Thus, some researchers recommend using so-called realized volatilities, which are calculated by adding the squared intraday interval return, as a proxy for volatility. Chatjuthamard et al. [29] separated the realized volatility into continuous and discontinuous jump components to investigate the impact of COVID-19 on the global stock market. They found that an increasing the growth rate of COVID-19 confirmed cases would lead to increased volatility and jumps while reducing the return. Besides, they also found that the risk from COVID-19 overshadows economic, financial, and political risks. Overall, these studies highlight the fact that COVID-19 caused pronounced market movements, extreme volatility, and unprecedented disruption to the economy.
Though the pandemic has been found to disrupt the financial market, some industries have been more affected than others. In the wake of the pandemic, some industries (such as transportation, hotels, and restaurants) have ceased operations, while others continue to operate to provide basic requirements (e.g., communication, healthcare, and pharmaceuticals). As a result, investment and consumption patterns have shifted dramatically. Some of the losses are attributable to investors’ realistic estimate that profits may drop as a result of the pandemic’s effects. For instance, Mazur et al. [30] found that during March 2020, natural gas, food, healthcare, and software sectors performed abnormally well, generating high returns, whereas petroleum, real estate, entertainment, and hospitality stocks plummeted considerably, losing more than 70% of their market capitalizations.
In light of the growing disruptions caused by the COVID-19 pandemic, the information flow related to the pandemic is critical. The higher media coverage in the pandemic period led to negative sentiments which caused markets to decline and volatility to rise. This view is supported by Haroon and Rizvi [31], who found panic by news outlets has been linked to increased stock volatility and the association is stronger for industries severely affected by the pandemic’s occurrences. Researchers show the number of confirmed COVID-19 cases and deaths could be predictive factors of financial assets, such as stock volatility [19, 32], oil prices [33], and cryptocurrencies [34]. Similarly, Baker et al. [14] documented that news related to COVID-19, both positive and negative, is the dominant driver of large daily U.S. stock market moves. With technological advancement, a growing body of literature seems to agree that investors’ attention and trends measured by internet activities, such as Google Trends, Twitter tweets, and other social media trends, could possess predictive power for trading volume and volatility of financial assets. This view is supported by Chatterjee and French [35], who documented that equity market volatility and liquidity are more sensitive to the uncertainty contained in tweets, as measured by the Twitter market uncertainty index (TMU), during the outbreak. Interestingly, previous research has established that fake news and media coverage during the outbreak has had an adverse effect on some countries’ stock market returns [36].
The timeframe could be considered another determinant of the impact of the coronavirus on the global market. The global market’s uncertainty increased when the coronavirus moved from epidemic to pandemic stage (11th March 2020 onwards) [37]. The equity market dramatically fell during the pandemic stage, evident from the higher negative return.
Another factor that could impact the relationship between the COVID-19 situation and the stock market is government interventions. The government has played a critical role in addressing the crisis caused by this disease outbreak. During the recent pandemic, governments implemented a variety of policies to mitigate the pandemic’s impact. Globally, travel bans (i.e., closing international borders), lockdowns (i.e., restricting people’s movement), and fiscal stimulus and relief packages (e.g., monetary policy, interest rates, quantitative easing, and corporate bond liquidity stabilization fund) were implemented. Stock markets responded positively to these policies because they could slow the spread of the disease and potentially calm panic. This view is supported by Narayan et al. [38], who investigated the effects of the G7 countries’ government responses to the pandemic. They discovered that stock markets reacted favorably to government policies, particularly lockdowns. Baker et al. [14] agreed, finding that lockdowns and voluntary social distancing were the primary reasons why the US stock market reacted much more negatively to COVID-19 than to previous pandemics.
Government interventions signal changes in future economic conditions, which may affect company cash-flow expectations and, as a result, stock prices. As a result, investors may revise their portfolios, resulting in increased volatility within and across asset classes. In line with this notion, Zaremba et al. [39] investigate the relationship between COVID-19 pandemic policy responses and stock market volatility in 67 countries. Surprisingly, their findings suggested that stringent policy responses increase return volatility and that the effect is unrelated to the increase in confirmed COVID-19 cases and deaths. One implication of these findings is that, while government interventions may slow the spread of the pandemic, they may also increase volatility in financial markets, resulting in widespread sales of risky assets.
Though in previous health crises, the geographical location of the outbreak determined the relationship between the event and the financial market, globalization has brought economies closer together and strengthened the interdependence of financial markets around the world. The number of COVID-19 deaths in one country influences not only the performance of the local stock market but also the stock markets of other countries and commodities. Akhtaruzzaman et al. [40], for instance, found that listed firms across China and G7 countries experience a significant increase in conditional correlations between their stock returns as the pandemic’s trajectory develops. China and Japan appeared to be net spillover transmitters, implying that financial contagion follows a pattern similar to virus infection. He et al. [41] suggested that the impact of COVID-19 on the European and US stock markets has a spillover effect on the Asian stock markets, particularly China. In addition, they also reported no evidence to suggest that the outbreak has had a negative impact on these countries’ stock markets greater than the global average, as measured by the S&P Global 1200 index.
Conversely, some authors claim that the pandemic has accelerated the trend of de-globalization and de-dollarization [42]. Okorie and Lin [43] observe that the fractal contagion effect occurs only in the short run and that it disappears in the middle and long run for both stock market return and volatility. Similarly, Ali et al. [37] split the timeframe into three phases, beginning with casualties in China (which shows China as the epicenter of the epidemic), moving to the start of casualties in Europe (which shows Europe as the epicenter of the epidemic), and finally, when casualties began in the United States (the new epicenter). Unlike in previous pandemics, the levels of volatility in the Chinese market did not change significantly during all three phrases, indicating a lower level of global integration and early efforts by the authorities to stop the virus’s spread.
When faced with the unknown upheaval of the coronavirus crisis, investors fear and avoid taking any risks, leading them to engage in irrational behavior. After the GFC, investors are more sensitive to asset losses. As a result, they are more likely to imitate the behavior and actions of other investors based on private information or public knowledge about their behavior. This irrational behavior can lead to significant mispricing and might create additional risks in financial markets. In finance, this kind of action is also known as herding behavior. Prior literature suggested that, under extreme market conditions induced by COVID-19, herding behavior is more pronounced for upside market movement, lower market trading volume, and lower market volatility [44]. Similar results are also found in the cryptocurrency market [45] and crude oil market [46].
Everyone has an incomplete view of the world. But we form a complete narrative and fill in the gaps. Our past experiences shape who we are today, as well as our decision-making process. Likewise, it has been suggested that prior exposure to similar events can influence risk aversion and investment decisions [47]. This notion is also true during the recent pandemic. Researchers found supporting evidence for the imprint theory in the behavioral bias of investors. Investors who have previously experienced such crises are more likely to react promptly than those without such experience or imprints. In addition, the timely attention and proactive responses to coronavirus situations of both individuals and governments are more prominent in nations with previous health outbreak experiences [48]. It was found that during the COVID-19, countries that had SARS 2003 saw less return and volatility spillover between stock markets [49]. This could imply that companies with past pandemic experience were found to make better decisions in the coronavirus outbreak. However, researchers also found that the experience of the current pandemic also impacted investors’ decisions. Brands with names resembling aspects of the “coronavirus” began to experience abnormal losses and sustained periods of trading volatility [50]. Likewise, Yue et al. [51]‘s findings showed that households that know someone infected with COVID-19 lose confidence in the economy and are more likely to change their risk behavior and become risk-averse.
In view of all that has been mentioned so far, it seems that the recent pandemic COVID-19 has exacerbated financial market volatility and the economic shock. Nevertheless, the impacts of COVID-19 are heterogenous across industries, time frames, governments, and the flow of information.
As investors worry about the pandemic’s economic consequences, the volatility has spiked, in some cases to levels last seen during the global financial crisis. Market liquidity has deteriorated significantly and investors embraced alternative investments in their portfolio for higher returns and shifting away from low-yield debt securities. As part of this trend, precious metals [52, 53, 54, 55], bitcoin [52, 53], commodities [56, 57], and foreign exchange currencies [54, 58, 59] are all considered safe-haven assets in periods of financial crisis.
Precious metals, such as gold, silver, platinum, and palladium, are considered effective diversifiers against stock market returns in several developed and emerging economies. They can help investors build a portfolio that mitigates the downside market risk. Ji et al. [56] evaluated the safe-haven role of assets from December 2019 to March 2020. By observing the downside risk (i.e., the left-tail of the return distribution), they argued that gold has an irreplaceable role in preserving the value of investment during the recent crisis. Besides, many countries have adopted unconventional macroeconomic measures in response to the COVID-19’s impact on the exchange rate and to prevent disruption in the long-term downward trend in exchange rate volatility. And gold serves as a safe-haven asset to protect against the risk of exchange rate depreciation [60].
Yet, with the unique characteristics of COVID-19, gold could not always act as a safe haven. This view is supported by Akhtaruzzaman et al. [52], who found that gold served as a safe-haven asset for stock markets only from December 31, 2019 to March 2020. However, from March 17 to April 24, 2020, gold failed to protect investor wealth and became a hedge instead. This interesting result confirms the findings reported by Cepoi [36], who observed the gold return has a nonlinear positive correlation with the stock markets, which intensifies during extreme bearish and bullish periods, indicating that gold does not behave as a safe-haven asset. Likewise, Cheema et al. [54] suggested that during the pandemic, investors might have lost trust in gold and preferred liquid and stable assets rather than gold. Taken together, it is unclear whether gold acts as a safe haven during the COVID-19 turmoil.
Some claim that cryptocurrency or digital currency is distinct from financial assets and that it might be viewed as a new form of virtual gold. It is frequently portrayed as a panacea capable of replacing financial institutions and protecting the global financial system from sovereign risk and vulnerability [61]. Furthermore, the cryptocurrency appears to be unrelated to stock market returns [61, 62] and exchange rate [63]. Therefore, they are an ideal asset to reduce financial risks during periods of crisis. During the COVID-19, some researchers suggested that cryptocurrencies, such as Bitcoin, could play an important role as a safe haven (for example see [64, 65, 66]). Goodell and Goutte [65] applied wavelet methods to daily data of COVID-19 deaths and Bitcoin prices from December 31, 2019 to April 29, 2020, demonstrating that the intensity of the COVID-19 crisis caused a rise in Bitcoin prices. Similarly, Caferra and Vidal-Tomás [66] suggested that, unlike traditional stock markets, cryptocurrencies only experienced a brief moment of financial panic during COVID-19 because of the lack of a link between digital currency and the actual economy. Bouri et al. [53] also found that bitcoin is the least reliant and has a competitive advantage over gold and other commodities.
Nonetheless, some researchers argue that cryptocurrencies, such as bitcoin and ethereum, only exhibit short-term safe-haven properties as well as high volatility [67]. Cryptocurrencies appeared as speculative assets and presented more systematic risk than investments in the stock markets during COVID-19 [50, 54]. Conlon and McGee’s [68] finding suggested that, rather than acting as a safe haven, Bitcoin may instead increase portfolio downside risk relative to holding the S&P 500 alone. Yet, not all cryptocurrencies behave in the same manner. Goodell and Goutte [69] examine the role of COVID-19 in the paired co-movements of four cryptocurrencies and seven equity indices. They found that the co-movements between cryptocurrencies and equity indices gradually increased as the pandemic escalated. However, they also found that tether behaved differently from other cryptocurrencies. It moved negatively with equity markets both before and during the COVID-19 outbreak. One explanation for this result would be that the stablecoin tether has particular utility as a vehicle for liquidity, and one tether is supposed to be backed by one dollar. Hence, the properties of the tether are similar to those of fiat currency rather than digital currency. This finding is also consistent with Hasan et al. [70], who found Tether has emerged as a strong new safe haven during the pandemic.
In addition to gold and cryptocurrency, currencies and commodities can also potentially offer a safe-haven role in financial markets. Alali [58], or example, says that the Swiss franc is a good investment during a time when there is a lot of diseases. Similarly, Cheema et al. [54] also found the Swiss franc served as a strong safe haven during both the Global Financial Crisis of 2008 and the COVID-19 pandemic. Nevertheless, some studies suggest that cross-currency hedge strategies are likely to fail during this period. Umar and Gubareva [59] detected a positive relationship between the panic level, as measured by the Pavenpack Coronavirus Panic Index, and the dynamics of leading fiat currencies, such as the Euro, British pound, and Renminbi currencies.
The coronavirus has been labeled a pandemic; thus, its effects are expected to be seen throughout multiple countries, regions, and continents. To put it another way, it is likely to have an impact on worldwide demand and supply of products and services, particularly commodity prices. Ji et al. [56] show that soybean commodity futures remain robust as safe-haven assets during the current pandemic. There is also evidence of a positive relationship between commodity price returns and the global fear index (GFI), confirming that commodity returns increase as COVID-19 related fear rises [57]. In addition, Salisu et al. [57] also suggested that the commodity market offers better safe-haven properties than the stock market. Just like other financial assets, the properties of commodities are heterogeneous. Oil prices seem to have dropped a lot since the pandemic started, but food commodity futures like soybeans made money on average during the COVID-19 pandemic [56].
Considering all of this evidence, it seems that which asset is considered as a safe-haven asset during the COVID-19 turmoil. These inconsistent results are common findings in financial literature, suggesting that the relationship between financial assets is dynamic. Safe-haven assets can change over time [52, 70]. For example, gold may have been perceived as a safe haven during the early stages of the COVID-19, but as the pandemic progressed, gold has become a hedging asset instead.
While some researchers have focused on how the financial markets react to the pandemic situation, other researchers have focused on firm actions and characteristics during the outbreak. As mentioned earlier, the pandemic would impact the corporate operation. Governments are shutting down huge sectors of their economies, ostensibly to stop the spread of infectious diseases but potentially putting the vast majority of businesses in danger of running out of cash. While the effect is temporary for some firms, many firms will experience it in the long term, leading to financial distress. Under these circumstances, corporate funding is becoming increasingly important to prevent liquidity issues from becoming solvency issues (e.g., [71, 72, 73]). There is evidence suggesting that during the early phase of the pandemic, firms were able to raise substantial amounts of external financing by drawing down lines of credit from banks and by accessing the public market [74]. Besides, the rating risk induced by the COVID-19 shock could impact the firms’ decisions on the source of funding. Firms on the cusp of being downgraded to non-investment status (i.e., firms with a BBB rating) are likely to behave most aggressively to increase their cash-holding through their credit lines with banks, while AAA- to A-rated firms manage to maintain access to liquidity through the public capital market, that is, by issuing bonds and equity. In contrast to existing evidence on bond maturities in previous crises, firms chose to issue bonds with maturities that exceeded those of bonds issued before by the same firms, as well as the average maturities during normal times [75]. Considering all of this evidence, it seems that during the early part of the crisis, firms were able to raise funds quickly when the lockdowns began and cash flow shortfalls emerged. This suggests that lessons from previous crises have helped inform the policy response to the current pandemic.
A large number of published studies suggest that corporate governance could mitigate the negative effects of the health crisis (e.g., [76, 77]). Corporate governance practices are being tested and questioned in the aftermath of the COVID-19 outbreak. When it comes to meeting stakeholder expectations, businesses must make difficult decisions. In this situation, stakeholders would expect management to be quick to adapt and change the firm’s policies and processes. The pandemic, with its heavy toll on both social and financial aspects, has highlighted the importance of societal responsibility. According to Albuquerque et al. [76], firms with high environmental and social (ES) scores experienced lower stock price declines than other firms. This finding highlights how ES policies can help build resilience in the face of the COVID-19 pandemic. Similarly, Broadstock et al. [77] discovered that firms with high ESG (environmental, social, and governance) performance have lower downside risk and are more resilient during turbulent times, particularly during the COVID-19-caused financial crisis. According to the evidence reviewed here, corporate governance may strengthen corporate immunity to the COVID-19 pandemic.
Despite the fact that the COVID-19 shock was global, not all firms were impacted in the same way, and they did not respond in the same way. Firms with a high level of financial flexibility can more easily fund a cash flow shortfall caused by the COVID-19 shock. Furthermore, the uncertainty caused by the COVID-19 pandemic increases stakeholders’ demand for societal responsibility.
Pandemics are large-scale infectious disease outbreaks that can significantly increase morbidity and mortality over a wide geographic area. Furthermore, the recent COVID-19 virus outbreak demonstrates how infectious diseases spread quickly in open economies and can jeopardize a country’s economic stability. The impact of the COVID-19 pandemic will be devastating to the global economy, as it has been in previous crises. In comparison to previous crises, COVID-19 differs from other economic shocks in many ways, including the causes and the public policy response. As the pandemic spread, governments around the world halted economic activity, and panic caused by the economic consequences and uncertainty resulted in a stock market crash. Because of technological advancements, news travels faster than ever before, causing more panic and fear of more bad news. The volatility caused by the crisis influenced many investors’ perceptions and behaviors. For higher returns and portfolio diversification, investors turned to alternative investments such as commodities, cryptocurrencies, and foreign exchange. Nonetheless, as the pandemic spread, those alternative investments did not always result in lower downside risk and higher yield.
The pandemic has had an impact on businesses all over the world, but the damage has not been distributed evenly. Certain industries have suffered more than others, and many face an uncertain future. Firms would need to increase liquidity in their businesses as well as maintain good corporate governance in response to the crisis in order to create resilience during the pandemic outbreak.
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The Gram-positive pathogen is armed with battery of virulence factors that facilitate to establish infections in the hosts. The organism is well known for its ability to acquire resistance to various antibiotic classes. The emergence and spread of methicillin-resistant S. aureus (MRSA) strains which are often multi-drug resistant in hospitals and subsequently in community resulted in significant mortality and morbidity. The epidemiology of MRSA has been evolving since its initial outbreak which necessitates a comprehensive medical approach to tackle this pathogen. Vancomycin has been the drug of choice for years but its utility was challenged by the emergence of resistance. In the last 10 years or so, newer anti-MRSA antibiotics were approved for clinical use. However, being notorious for developing antibiotic resistance, there is a continuous need for exploring novel anti-MRSA agents from various sources including plants and evaluation of non-antibiotic approaches.",book:{id:"5471",slug:"frontiers-in-i-staphylococcus-aureus-i-",title:"Frontiers in Staphylococcus aureus",fullTitle:"Frontiers in Staphylococcus aureus"},signatures:"Arumugam Gnanamani, Periasamy Hariharan and Maneesh Paul-\nSatyaseela",authors:[{id:"192829",title:"Dr.",name:"Arumugam",middleName:null,surname:"Gnanamani",slug:"arumugam-gnanamani",fullName:"Arumugam Gnanamani"},{id:"204388",title:"Dr.",name:"Periasamy",middleName:null,surname:"Hariharan",slug:"periasamy-hariharan",fullName:"Periasamy Hariharan"},{id:"204389",title:"Dr.",name:"Maneesh",middleName:null,surname:"Paul-Satyaseela",slug:"maneesh-paul-satyaseela",fullName:"Maneesh Paul-Satyaseela"}]},{id:"32282",doi:"10.5772/33983",title:"Bacteriophages of Ralstonia solanacearum: Their Diversity and Utilization as Biocontrol Agents in Agriculture",slug:"bacteriophages-of-ralstonia-solanacearum-their-diversity-and-utilization-as-biocontrol-agents-in-agr",totalDownloads:3757,totalCrossrefCites:7,totalDimensionsCites:23,abstract:null,book:{id:"555",slug:"bacteriophages",title:"Bacteriophages",fullTitle:"Bacteriophages"},signatures:"Takashi Yamada",authors:[{id:"98151",title:"Dr.",name:"Takashi",middleName:null,surname:"Yamada",slug:"takashi-yamada",fullName:"Takashi Yamada"}]},{id:"32276",doi:"10.5772/34642",title:"Bacteriophages and Their Structural Organisation",slug:"bacteriophages-and-their-structural-organisation-",totalDownloads:12434,totalCrossrefCites:9,totalDimensionsCites:17,abstract:null,book:{id:"555",slug:"bacteriophages",title:"Bacteriophages",fullTitle:"Bacteriophages"},signatures:"E.V. 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Clonal complex 398 (CC398), a predominant clonal lineage of livestock-associated-MRSA in domestic animals and retail meat, is capable of infecting humans. In order to monitor and prevent MRSA contamination, it is critical to understand its source and transmission dynamics. In this review, we describe MRSA in food-producing animals (pig, cattle, chicken), horses, pet animals (dogs, cats), and food products (pork, beef, chicken, milk, and fish).",book:{id:"5471",slug:"frontiers-in-i-staphylococcus-aureus-i-",title:"Frontiers in Staphylococcus aureus",fullTitle:"Frontiers in Staphylococcus aureus"},signatures:"Jungwhan Chon, Kidon Sung and Saeed Khan",authors:[{id:"189634",title:"Dr.",name:"Kidon",middleName:null,surname:"Sung",slug:"kidon-sung",fullName:"Kidon Sung"},{id:"190400",title:"Dr.",name:"Jungwhan",middleName:null,surname:"Chon",slug:"jungwhan-chon",fullName:"Jungwhan Chon"},{id:"190401",title:"Dr.",name:"Saeed",middleName:null,surname:"Khan",slug:"saeed-khan",fullName:"Saeed Khan"}]}],mostDownloadedChaptersLast30Days:[{id:"69731",title:"Isolation and Purification of Sulfate-Reducing Bacteria",slug:"isolation-and-purification-of-sulfate-reducing-bacteria",totalDownloads:1551,totalCrossrefCites:1,totalDimensionsCites:6,abstract:"Sulfate-reducing bacteria (SRB) are a widespread group of microorganisms that are often isolated from the anoxygenic environments (lake depths, soil, or swamps), and they are also present in the human and animal intestines. This group is often detected in patients with inflammatory bowel disease, including ulcerative colitis. That is why new rapid methods for their isolation, purification, and identification are important and necessary. In this chapter, the methods of mesophilic SRB isolation from various environments are described. Particular attention is paid to the purification of mesophilic SRB since they can be in close interaction with other microorganisms (Clostridium, Bacteroides, Pseudomonas, etc.), which are their frequent satellites. Moreover, the main methods of mesophilic SRB identification based on their morphological, physiological, biochemical, and genetical characteristics are presented.",book:{id:"8997",slug:"microorganisms",title:"Microorganisms",fullTitle:"Microorganisms"},signatures:"Ivan Kushkevych",authors:[{id:"252191",title:"Associate Prof.",name:"Ivan",middleName:null,surname:"Kushkevych",slug:"ivan-kushkevych",fullName:"Ivan Kushkevych"}]},{id:"65773",title:"Life Cycle of Trypanosoma cruzi in the Invertebrate and the Vertebrate Hosts",slug:"life-cycle-of-em-trypanosoma-cruzi-em-in-the-invertebrate-and-the-vertebrate-hosts",totalDownloads:1497,totalCrossrefCites:4,totalDimensionsCites:7,abstract:"Trypanosoma cruzi (T. cruzi) is a protozoan parasite that causes Chagas disease, a zoonotic disease that can be transmitted to humans by blood-sucking triatomine bugs. T. cruzi is a single-celled eukaryote with a complex life cycle alternating between reduviid bug invertebrate vectors and vertebrate hosts. This article will look at the developmental stages of T. cruzi in the invertebrate vector and the vertebrate hosts, the different surface membrane proteins involved in different life cycle stages of T. cruzi, roles of different amino acids in the life cycle, carbon and energy sources and gene expression in the life cycle of T. cruzi. The author will also look at extracellular vesicles (EV) and its role in the dissemination and survival of T. cruzi in mammalian host.",book:{id:"8806",slug:"biology-of-em-trypanosoma-cruzi-em-",title:"Biology of Trypanosoma cruzi",fullTitle:"Biology of Trypanosoma cruzi"},signatures:"Kenechukwu C. Onyekwelu",authors:[{id:"245368",title:"Dr.",name:"Kenechukwu C.",middleName:null,surname:"Onyekwelu",slug:"kenechukwu-c.-onyekwelu",fullName:"Kenechukwu C. 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The epidemiology of MRSA has been evolving since its initial outbreak which necessitates a comprehensive medical approach to tackle this pathogen. Vancomycin has been the drug of choice for years but its utility was challenged by the emergence of resistance. In the last 10 years or so, newer anti-MRSA antibiotics were approved for clinical use. However, being notorious for developing antibiotic resistance, there is a continuous need for exploring novel anti-MRSA agents from various sources including plants and evaluation of non-antibiotic approaches.",book:{id:"5471",slug:"frontiers-in-i-staphylococcus-aureus-i-",title:"Frontiers in Staphylococcus aureus",fullTitle:"Frontiers in Staphylococcus aureus"},signatures:"Arumugam Gnanamani, Periasamy Hariharan and Maneesh Paul-\nSatyaseela",authors:[{id:"192829",title:"Dr.",name:"Arumugam",middleName:null,surname:"Gnanamani",slug:"arumugam-gnanamani",fullName:"Arumugam Gnanamani"},{id:"204388",title:"Dr.",name:"Periasamy",middleName:null,surname:"Hariharan",slug:"periasamy-hariharan",fullName:"Periasamy Hariharan"},{id:"204389",title:"Dr.",name:"Maneesh",middleName:null,surname:"Paul-Satyaseela",slug:"maneesh-paul-satyaseela",fullName:"Maneesh Paul-Satyaseela"}]},{id:"55437",title:"Biological Control of Parasites",slug:"biological-control-of-parasites-2017-07",totalDownloads:4334,totalCrossrefCites:7,totalDimensionsCites:7,abstract:"Parasites (ectoparasites or endoparasites) are a major cause of diseases in man, his livestock and crops, leading to poor yield and great economic loss. To overcome some of the major limitations of chemical control methods such as rising resistance, environmental and health risks, and the adverse effect on non‐target organisms, biological control (biocontrol) is now at the forefront of parasite (pests) control. Biocontrol is now a core component of the integrated pest management. Biocontrol is defined as “the study and uses of parasites, predators and pathogens for the regulation of host (pest) densities”. Considerable successes have been achieved in the implementation of biocontrol strategies in the past. This chapter presents a review of the history of biocontrol, its advantages and disadvantages; the different types of biological control agents (BCAs) including predators, parasites (parasitoids) and pathogens (fungi, bacteria, viruses and virus‐like particles, protozoa and nematodes); the effect of biocontrol on native biodiversity; a few case studies of the successful implementation of biocontrol methods and the challenges encountered with the implementation of biocontrol and future perspectives.",book:{id:"5527",slug:"natural-remedies-in-the-fight-against-parasites",title:"Natural Remedies in the Fight Against Parasites",fullTitle:"Natural Remedies in the Fight Against Parasites"},signatures:"Tebit Emmanuel Kwenti",authors:[{id:"191763",title:"Dr.",name:"Tebit Emmanuel",middleName:null,surname:"Kwenti",slug:"tebit-emmanuel-kwenti",fullName:"Tebit Emmanuel Kwenti"}]},{id:"70336",title:"Plastics Polymers Degradation by Fungi",slug:"plastics-polymers-degradation-by-fungi",totalDownloads:1459,totalCrossrefCites:3,totalDimensionsCites:8,abstract:"The studies on plastic degradation are very important for the development of biodegradable plastics, and for reduction of pollution, since plastic waste can remain in the environment for decades or centuries. We have showed the degradation of oxo-biodegradable plastic bags and green polyethylene by Pleurotus ostreatus. This fungus can also produce mushrooms using these plastics. The plastic degradation was possibly by three reasons: (a) presence of pro-oxidant ions or plant polymer, (b) low specificity of the lignocellulolytic enzymes, and (c) the presence of endomycotic nitrogen-fixing microorganisms. In this chapter, the plastic bags’ degradation by abiotic and microbial process using the exposure to sunlight and the use of a white-rot fungus will described. The physical, chemical, and biological alterations of plastic were analyzed after each process of degradation. 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Dr. Koprowski has authored more than a hundred research papers with dozens in impact factor (IF) journals and has authored or co-authored six books. Additionally, he is the author of several national and international patents in the field of biomedical devices and imaging. Since 2011, he has been a reviewer of grants and projects (including EU projects) in biomedical engineering.",institutionString:null,institution:{name:"University of Silesia",institutionURL:null,country:{name:"Poland"}}},subseries:[{id:"7",title:"Bioinformatics and Medical Informatics",keywords:"Biomedical Data, Drug Discovery, Clinical Diagnostics, Decoding Human Genome, AI in Personalized Medicine, Disease-prevention Strategies, Big Data Analysis in Medicine",scope:"Bioinformatics aims to help understand the functioning of the mechanisms of living organisms through the construction and use of quantitative tools. The applications of this research cover many related fields, such as biotechnology and medicine, where, for example, Bioinformatics contributes to faster drug design, DNA analysis in forensics, and DNA sequence analysis in the field of personalized medicine. Personalized medicine is a type of medical care in which treatment is customized individually for each patient. Personalized medicine enables more effective therapy, reduces the costs of therapy and clinical trials, and also minimizes the risk of side effects. Nevertheless, advances in personalized medicine would not have been possible without bioinformatics, which can analyze the human genome and other vast amounts of biomedical data, especially in genetics. The rapid growth of information technology enabled the development of new tools to decode human genomes, large-scale studies of genetic variations and medical informatics. The considerable development of technology, including the computing power of computers, is also conducive to the development of bioinformatics, including personalized medicine. In an era of rapidly growing data volumes and ever lower costs of generating, storing and computing data, personalized medicine holds great promises. Modern computational methods used as bioinformatics tools can integrate multi-scale, multi-modal and longitudinal patient data to create even more effective and safer therapy and disease prevention methods. Main aspects of the topic are: Applying bioinformatics in drug discovery and development; Bioinformatics in clinical diagnostics (genetic variants that act as markers for a condition or a disease); Blockchain and Artificial Intelligence/Machine Learning in personalized medicine; Customize disease-prevention strategies in personalized medicine; Big data analysis in personalized medicine; Translating stratification algorithms into clinical practice of personalized medicine.",annualVolume:11403,isOpenForSubmission:!0,coverUrl:"https://cdn.intechopen.com/series_topics/covers/7.jpg",editor:{id:"351533",title:"Dr.",name:"Slawomir",middleName:null,surname:"Wilczynski",fullName:"Slawomir Wilczynski",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0033Y000035U1loQAC/Profile_Picture_1630074514792",institutionString:null,institution:{name:"Medical University of Silesia",institutionURL:null,country:{name:"Poland"}}},editorTwo:null,editorThree:null,editorialBoard:[{id:"5886",title:"Dr.",name:"Alexandros",middleName:"T.",surname:"Tzallas",fullName:"Alexandros Tzallas",profilePictureURL:"https://mts.intechopen.com/storage/users/5886/images/system/5886.png",institutionString:"University of Ioannina, Greece & Imperial College London",institution:{name:"University of Ioannina",institutionURL:null,country:{name:"Greece"}}},{id:"257388",title:"Distinguished Prof.",name:"Lulu",middleName:null,surname:"Wang",fullName:"Lulu Wang",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002bRX6kQAG/Profile_Picture_1630329584194",institutionString:"Shenzhen Technology University",institution:{name:"Shenzhen Technology University",institutionURL:null,country:{name:"China"}}},{id:"225387",title:"Prof.",name:"Reda R.",middleName:"R.",surname:"Gharieb",fullName:"Reda R. Gharieb",profilePictureURL:"https://mts.intechopen.com/storage/users/225387/images/system/225387.jpg",institutionString:"Assiut University",institution:{name:"Assiut University",institutionURL:null,country:{name:"Egypt"}}}]},{id:"8",title:"Bioinspired Technology and Biomechanics",keywords:"Bioinspired Systems, Biomechanics, Assistive Technology, Rehabilitation",scope:'Bioinspired technologies take advantage of understanding the actual biological system to provide solutions to problems in several areas. Recently, bioinspired systems have been successfully employing biomechanics to develop and improve assistive technology and rehabilitation devices. The research topic "Bioinspired Technology and Biomechanics" welcomes studies reporting recent advances in bioinspired technologies that contribute to individuals\' health, inclusion, and rehabilitation. Possible contributions can address (but are not limited to) the following research topics: Bioinspired design and control of exoskeletons, orthoses, and prostheses; Experimental evaluation of the effect of assistive devices (e.g., influence on gait, balance, and neuromuscular system); Bioinspired technologies for rehabilitation, including clinical studies reporting evaluations; Application of neuromuscular and biomechanical models to the development of bioinspired technology.',annualVolume:11404,isOpenForSubmission:!0,coverUrl:"https://cdn.intechopen.com/series_topics/covers/8.jpg",editor:{id:"144937",title:"Prof.",name:"Adriano",middleName:"De Oliveira",surname:"Andrade",fullName:"Adriano Andrade",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002bRC8QQAW/Profile_Picture_1625219101815",institutionString:null,institution:{name:"Federal University of Uberlândia",institutionURL:null,country:{name:"Brazil"}}},editorTwo:null,editorThree:null,editorialBoard:[{id:"49517",title:"Prof.",name:"Hitoshi",middleName:null,surname:"Tsunashima",fullName:"Hitoshi Tsunashima",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002aYTP4QAO/Profile_Picture_1625819726528",institutionString:null,institution:{name:"Nihon University",institutionURL:null,country:{name:"Japan"}}},{id:"425354",title:"Dr.",name:"Marcus",middleName:"Fraga",surname:"Vieira",fullName:"Marcus Vieira",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0033Y00003BJSgIQAX/Profile_Picture_1627904687309",institutionString:null,institution:{name:"Universidade Federal de Goiás",institutionURL:null,country:{name:"Brazil"}}},{id:"196746",title:"Dr.",name:"Ramana",middleName:null,surname:"Vinjamuri",fullName:"Ramana Vinjamuri",profilePictureURL:"https://mts.intechopen.com/storage/users/196746/images/system/196746.jpeg",institutionString:"University of Maryland, Baltimore County",institution:{name:"University of Maryland, Baltimore County",institutionURL:null,country:{name:"United States of America"}}}]},{id:"9",title:"Biotechnology - Biosensors, Biomaterials and Tissue Engineering",keywords:"Biotechnology, Biosensors, Biomaterials, Tissue Engineering",scope:"The Biotechnology - Biosensors, Biomaterials and Tissue Engineering topic within the Biomedical Engineering Series aims to rapidly publish contributions on all aspects of biotechnology, biosensors, biomaterial and tissue engineering. We encourage the submission of manuscripts that provide novel and mechanistic insights that report significant advances in the fields. Topics can include but are not limited to: Biotechnology such as biotechnological products and process engineering; Biotechnologically relevant enzymes and proteins; Bioenergy and biofuels; Applied genetics and molecular biotechnology; Genomics, transcriptomics, proteomics; Applied microbial and cell physiology; Environmental biotechnology; Methods and protocols. Moreover, topics in biosensor technology, like sensors that incorporate enzymes, antibodies, nucleic acids, whole cells, tissues and organelles, and other biological or biologically inspired components will be considered, and topics exploring transducers, including those based on electrochemical and optical piezoelectric, thermal, magnetic, and micromechanical elements. Chapters exploring biomaterial approaches such as polymer synthesis and characterization, drug and gene vector design, biocompatibility, immunology and toxicology, and self-assembly at the nanoscale, are welcome. Finally, the tissue engineering subcategory will support topics such as the fundamentals of stem cells and progenitor cells and their proliferation, differentiation, bioreactors for three-dimensional culture and studies of phenotypic changes, stem and progenitor cells, both short and long term, ex vivo and in vivo implantation both in preclinical models and also in clinical trials.",annualVolume:11405,isOpenForSubmission:!0,coverUrl:"https://cdn.intechopen.com/series_topics/covers/9.jpg",editor:{id:"126286",title:"Dr.",name:"Luis",middleName:"Jesús",surname:"Villarreal-Gómez",fullName:"Luis Villarreal-Gómez",profilePictureURL:"https://mts.intechopen.com/storage/users/126286/images/system/126286.jpg",institutionString:null,institution:{name:"Autonomous University of Baja California",institutionURL:null,country:{name:"Mexico"}}},editorTwo:null,editorThree:null,editorialBoard:[{id:"35539",title:"Dr.",name:"Cecilia",middleName:null,surname:"Cristea",fullName:"Cecilia Cristea",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002aYQ65QAG/Profile_Picture_1621007741527",institutionString:null,institution:{name:"Iuliu Hațieganu University of Medicine and Pharmacy",institutionURL:null,country:{name:"Romania"}}},{id:"40735",title:"Dr.",name:"Gil",middleName:"Alberto Batista",surname:"Gonçalves",fullName:"Gil Gonçalves",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002aYRLGQA4/Profile_Picture_1628492612759",institutionString:null,institution:{name:"University of Aveiro",institutionURL:null,country:{name:"Portugal"}}},{id:"211725",title:"Associate Prof.",name:"Johann F.",middleName:null,surname:"Osma",fullName:"Johann F. Osma",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002bSDv7QAG/Profile_Picture_1626602531691",institutionString:null,institution:{name:"Universidad de Los Andes",institutionURL:null,country:{name:"Colombia"}}},{id:"69697",title:"Dr.",name:"Mani T.",middleName:null,surname:"Valarmathi",fullName:"Mani T. Valarmathi",profilePictureURL:"https://mts.intechopen.com/storage/users/69697/images/system/69697.jpg",institutionString:"Religen Inc. | A Life Science Company, United States of America",institution:null},{id:"205081",title:"Dr.",name:"Marco",middleName:"Vinícius",surname:"Chaud",fullName:"Marco Chaud",profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002bSDGeQAO/Profile_Picture_1622624307737",institutionString:null,institution:{name:"Universidade de Sorocaba",institutionURL:null,country:{name:"Brazil"}}}]}]}},libraryRecommendation:{success:null,errors:{},institutions:[]},route:{name:"chapter.detail",path:"/chapters/49198",hash:"",query:{},params:{id:"49198"},fullPath:"/chapters/49198",meta:{},from:{name:null,path:"/",hash:"",query:{},params:{},fullPath:"/",meta:{}}}},function(){var e;(e=document.currentScript||document.scripts[document.scripts.length-1]).parentNode.removeChild(e)}()