Coronavirus live updates: 'Positive' vaccine data lifts Moderna stock; Spain's GDP could fall more than 9.5%

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Coronavirus live updates: 'Positive' vaccine data lifts Moderna stock; Spain's GDP could fall more than 9.5%
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Coronavirus live updates: 'Positive' vaccine data lifts Moderna stock; Spain's GDP could fall 9.5%

7:34 am ET — The economic impact from the coronavirus crisis in Spain will last longer than first expected, the Bank of Spain's governor warned, saying he foresees a "significant deterioration" in the second quarter.

De Cos said that scenarios envisaging a fall in Spain's GDP of between 9.5% and 12.4% in 2020 now look realistic.In this photo illustration the World Health Organization Director General Tedros Adhanom Ghebreyesus is seen on a screen of pc and a coronavirus image displayed on a screen of a smartphone in Kiev, Ukraine.7:26 am ET — The WHO needs more legally defined power to combat emerging disease in the future, South Korean President Moon Jae-in said, Reuters reported.

The WHO's 194 member states have agreed to inform the United Nations agency quickly of new public health threats, but the organization lacks legal enforcement mechanisms. For example, representatives of the agency cannot enter a country to investigate without permission. "China supports the idea of a comprehensive review of the global response to Covid-19 after it is brought under control, to sum up our experience and address deficiencies," he said at the 73rd World Health Assembly. "This work should be led by science and professionalism, led by the WHO and conducted in an objective and impartial manner."

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