Coronavirus update: 4.9 million cases globally; Trump mulls Brazil travel ban
The number of global cases of the coronavirus that causes COVID-19 rose to 4.9 million on Wednesday and Brazil suffered its worst fatalities since the start of the outbreak, prompting President Donald Trump to say he may bar entry to flights from Brazil.
The drug, which is approved to treat malaria, rheumatoid arthritis and lupus, has not been proved to be effective as a treatment for COVID-19, but has been touted by Trump for weeks. The president stunned many on Monday when he said he has been taking it himself. Hydroxychloroquine is known to have potentially severe side effects, including heart-rhythm problems.
New Zealand, which has had no new cases of the virus in the last 24 hours, is considering ways to boost its tourism industry, which has been hurt by a ban on foreign travelers. Prime Minister Jacinda Ardern proposed adding more public holidays or shortening the work week to encourage New Zealanders to travel around the country and make up for the loss of visitors from overseas.In the U.S.
The U.K. has 250,138 cases and 35,422 deaths, the highest death toll in Europe and second highest in the world after the U.S.Spain has 232,037 cases and 27,778 deaths, while Italy has 226,699 cases and 32,169 deaths. France has 180,933 cases and 28,025 deaths, while Germany has 177,973 cases and 8,136 deaths.
In the topline interim trial results released Monday, Moderna said that eight participants taking two of the three lower dosing levels reported the same or higher level of neutralizing antibodies as in blood samples gathered by patients who have recovered from COVID-19. There were four adverse events during the trial, including one participant who reported a severe skin reaction where the investigational vaccine was administered.
The stay-at-home period was also a chance for consumers to see the investment that the company has been making in the food and beverage categories over the past few years. Sales in these items grew 20%. The company’s United CleanPlus effort “brings together a most trusted brand in surface disinfection - Clorox - and the country’s top medical experts - Cleveland Clinic - to inform and guide United’s new cleaning, safety and social distancing protocols that includes touchless kiosks in select locations for baggage check-in, sneeze guards, mandatory face coverings for crew and customers, and giving customers options when flights are more full,” the company said.
Elsewhere, companies continued to announce pay cuts, dividend suspensions and offer updates on how they will get businesses off the ground again.• Corning Inc.’s GLW, +2.86% chief executive will take a 40% cut in base salary as the specialty glass company moves to combat the effect of the pandemic. Named executive officers salaries will be reduced by 30%, while the cash compensation of its non-employee directors will be cut by 40%. Cuts of 5% to 30% will be imposed for all other salaried U.S.
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