Coronavirus Update: The number of global cases has reached 4.9 million because Trump is considering a ban on traveling to Brazil after a large surge in the number of deaths | Instant News


The number of global cases of coronaviruses that caused COVID-19 rose to 4.9 million on Wednesday and Brazil suffered its worst death since the start of the outbreak, prompting President Donald Trump to say he might bar flights from Brazil.

“I don’t want people to come here and infect our people. I also don’t want people there to get sick. We help Brazil with ventilators. We send them ventilators,” Trump told reporters during a cabinet meeting at the White House, Associated Press reports.

Brazil suffered 1,179 deaths in one day overnight, pushing the death toll to 17,971, according to the health ministry. This country has 271,885 cases, according to data collected by Johns Hopkins University.

Right-wing Brazilian President Jair Bolsonaro has denied the risk of the disease and has encouraged his supporters to return to work. Bolsonaro did not respond to Trump’s comments about travel bans, but he said that the health ministry would issue guidelines on the use of hydroxychloroquine to treat the disease.

The drug, which is approved for treating malaria, rheumatoid arthritis and lupus, has not been proven effective as a treatment for COVID-19, but has been praised by Trump for weeks. President many were surprised on Monday when he said he had taken it himself. Hydroxychloroquine is known to have the potential for severe side effects, including heart rhythm problems.

The FDA in March authorized the emergency use of hydroxychloroquine and chloroquine as treatments for COVID-19. Since then, a number of trials have been launched, including by the National Institute of Allergy and Infectious Diseases (NIAID), who tested it on 2,000 patients with mild and moderate virus cases.

Russia reports 8,764 other cases in a 24-hour period, which are temporarily high, the lowest increase in cases since May 1.

Countries that are moving quickly to curb the spread of the virus, meanwhile, are pushing forward by reopening. In South Korea, seniors return to high school on Wednesday, wear face masks and observe social distance, The Guardian reports.

New Zealand, already owned there have been no new cases of the virus in the past 24 hours, is considering ways to improve the tourism industry, which has been harmed by a ban on foreign tourists. Prime Minister Jacinda Ardern proposes adding more public holidays or shortening work weeks to encourage New Zealanders to travel throughout the country and make up for the loss of overseas visitors.

Ardern made a suggestion in a Facebook video.

In the U.S., Trump once again criticized China for “mass murder around the world” for allowing the virus to spread from the city of Wuhan, where it was first reported late last year. The president tweeted that “some wacko” in China has released a statement blaming others for the virus.

It is not clear what statement he meant. Trump denounced the World Health Organization again this week for failing to respond quickly and quite aggressively in the early stages of the outbreak, the same criticism that has been leveled by some in his own crisis management.

See also: The 2020 president’s forecasts say Trump faces a historic defeat because of the bad economy

Trump sparked further controversy on Tuesday by describing the US case count of 1.52 million at the time, the highest in the world, as a “badge of honor” that shows how much testing was carried out. Critics point out that the US is far behind other countries as measured by per capita testing, which according to public health officials is crucial to understanding and managing infection rates.

Do not miss:Country reopens after coronavirus locking: Texas leads a series of movements ahead of the Memorial Day holiday weekend

Latest calculation

There are now 325,650 deaths from COVID-19 worldwide, according to Johns Hopkins data. At least 1.7 million people have recovered.

The US has the highest number of cases at 1.54 million and the highest number of deaths at 92,387.

Russia has 308,705 cases and 2,972 deaths.

The US has 250,141 cases and 35,785 deaths, the highest number of deaths in Europe and the second highest in the world after the U.S.

See:Britain sold its first bond at a negative interest rate

Spain has 232.55 cases and 27,888 deaths, while Italy has 227,364 cases and 32,330 deaths. France has 180,934 cases and 28,025 deaths, while Germany has 178,170 cases and 8,138 deaths.

See:Billionaire banker Jamie Dimon has urged businesses and governments to use pandemics to create a more just world

Turkey has 152,587 cases and 4,222 deaths and Iran has 126,949 cases and 7,183 deaths. India followed with 110,602 cases and 3,434 deaths, followed by Peru with 99,483 cases and 2,914 deaths. China, where the disease was first reported late last year, has 84,063 cases and 4,638 deaths.

What’s the latest medical news?

Moderna Inc. shares
MRNA,
+ 2.51%

fall Tuesday night, after a report from the health news site Stat citing vaccine experts who said that the initial results from the Phase 1 trial of COVID-19 vaccine candidates must be taken with a grain of salt. The news, released on Monday, sent Moderna shares to a closing record and allowed the company to offer shares of more than $ 1 billion.

In Provisional topline test results are released temporarily Monday, Moderna said that eight participants who used two of the three lower dose levels reported the same or higher level of neutralizing antibodies as in blood samples collected by patients who had recovered from COVID-19. There were four side effects during the trial, including one participant who reported severe skin reactions where an investigative vaccine was given. Three of the side effects occur in people who receive the highest vaccine doses.

But Stat said the company really revealed very little information and what it said were words and not data, which scientists needed to draw conclusions.

Equity analysts, however, remain positive on the trial results.

“While the sample is not yet available for the remaining participants, and we are less specific about the exact level of binding antibodies, we see this data as a demonstration of early signs of efficacy,” Goldman Sachs analysts wrote in a note to investors.

Jason McCarthy of Maxim Group described the data as “interesting.”

Separately, Inovio Pharmaceuticals Inc.
I DO NOT,
+ 8.44%

COVID-19 vaccine candidate words indicate antidote antibodies in animals. Data, published in Nature Communications, derived from preclinical studies, meaning that it does not include information about how investigative vaccines react in humans but in rats and guinea pigs.

Inovio is currently conducting Phase 1 clinical trials to test DNA vaccine candidates in humans; Preliminary data from the study are expected to be announced in June.

“Effective neutralizing antibodies and T cell immune responses generated in various animal models support our ongoing INO-4800 trial,” Dr. Kate Broderick, chairman of the Inovio team for the development of the COVID-19 vaccine, said in a news release. .

Also read:The pandemic could cost the $ 82 trillion global economic depression scenario

What did the company say?

Target Corp
TGT,
-2.87%

and Lowe’s Cos.
LOW,
+ 0.10%

became the latest big-name retailer to book quarterly revenue and both benefited from product demand during orders staying at home. Target words E-commerce sales grew 141% in the period and sales in the same store rose 10.8% because the total basket rose 12.5% ​​on average, because more buyers made fewer but larger shopping trips.

The period of stay at home is also an opportunity for consumers to see the investment that the company has made in the food and beverage category in the past few years. Sales of these items grew by 20%.

“This is another reason for consumers to consolidate their spending at Target,” Target’s Chief Executive Brian Cornell said during a media call. “Food complements the multi-category portfolio.”

Lowe posted earnings that were far above expectations, but withdrew the full year’s guide due to uncertainty. The same store sales in the US grew 12.3% above a year ago, compared to the FactSet consensus for the same store sales growth in the country by 2.4%.

United Airlines Holdings Inc.
UAL,
+ 5.19%

launched a series of changes on how it will operate in airports and on planes on Wednesday, including a partnership with Clorox Co.
CLX,
+ 1.24%

for improved cleaning and more with the Cleveland Clinic, because it serves to maintain passenger safety during the coronavirus pandemic.

The company’s United CleanPlus effort “unites the most trusted brands in surface disinfection – Clorox – and the country’s leading medical expert – the Cleveland Clinic – to inform and guide United’s new cleaning, safety and social distance protocols that include no-touch kiosks at certain locations to Check-in baggage, sneezing guards, face coverings are mandatory for crew and customers, and provide customer options when the flight is full, “the company said.

For more, read:United Airlines launched coronavirus safety guidelines in an effort to restore confidence after a counterattack on a crowded flight

The company will introduce an “all in one” economical snack bag that will include sanitation cleaners. Passengers will be allowed to change flights if the capacity exceeds 70%.

JetBlue Airways Corp.
JBLU,
+ 3.02%

said it would keep the middle seat blocked until at least June 4 to maintain social distance and would require passengers to wear face masks during check-in and board flights.

Elsewhere, companies continue to announce salary cuts, suspension of dividends, and offer updates on how they will make the business go down again.

Here are the latest things the company said about COVID-19:

• Corning Inc.
GLW,
+ 3.55%

the chief executive will take a 40% cut in basic salaries when a specialized glass company moves to combat the impact of the pandemic. The salary of the appointed executive officer will be reduced by 30%, while the cash compensation from the non-employee director will be deducted by 40%. A deduction of 5% to 30% will be charged to all US workers who are paid from June 1, 2020 to December 31, 2020. Similar action will be taken outside the US, based on local regulations and mutual agreement requirements. The company will issue equity to its employees in the form of limited share units and stock options in the same amount as the salary deduction.

• Facebook Inc.
FB,
+ 6.03%

launched Facebook Shops, a free way for small businesses to sell their products online, starting in the US this summer. Customers can send business messages via WhatsApp, Facebook Messenger or Instagram Direct to get support and track shipments.

• Halliburton Co.
THING,
+ 7.17%

cut its quarterly dividend by 75%, citing efforts to maintain a strong liquidity position given the uncertainty about the depth and duration of decline in market conditions. A new dividend of 4.5 cents per share, down from 18 cents per share, will be paid June 24 to shareholders listed on June 3. Based on Tuesday’s closing price of $ 11.15, the new annual dividend rate implies a dividend yield of 1.61%, compared to the results for the Energy Sector Select Sector ETF
XLE,
+ 3.99%

6.07% and implied results for S&P
SPX,
+ 1.66%

f 1.97%. Annual retainer for Halliburton’s board of directors will be cut by 20%.

• McKesson Corp.
MCK,
+ 1.19%

reported fourth-quarter fiscal profit that beat expectations, but provided a dismal earnings outlook by citing “anticipated headwinds” as a result of the pandemic. Rising branded drug prices and higher volumes from retail national account customers boosted sales in the U.S. pharmaceutical and specialty solutions business For fiscal year 2021, the company expects adjusted EPS of $ 13.95 to $ 14.75, under the FactSet consensus of $ 15.42. McKesson expects 2021 revenue growth from 2% to 4%, while a FactSet consensus of income of $ 234.6 billion implies growth of 1.5%.

• Norwegian air
NAS,
-31.21%

will get a Norwegian-backed 2.7 billion (US $ 271 million) state loan from the government after debt restructuring. But the airline saw “challenging months” because the industry had been devastated by a pandemic. Norwegian Air shares have lost 94% this year. “Norway still needs to collaborate closely with a number of creditors because the company currently has limited income,” said CEO Jacob Schram.

• Royal Caribbean Cruises Ltd.
RCL,
-3.36%

swung to a wider-than-expected first-quarter loss due to a pandemic causing a cruise suspension, but said 2021 bookings remained in historical ranges. For the remainder of 2020, the company said the order volume was “much lower” than the same time last year with prices falling in the range of a low one-digit percentage. However, for 2021, booked positions are within the historical range of prices up to mid-digits compared to this year. The company indicated it had a liquidity of around $ 3.3 billion on May 19.

• Trulieve Cannabis Corp.
TCNNF,
-3.82%

TRULY
-3.93%

posted better-than-expected earnings for the first quarter. Based in Tallahassee, Florida opened three new stores in Florida in that period, ending the quarter with a network of 47 stores nationwide. The company said it had not yet experienced the “material” impact of COVID-19 on its ability to serve patients and customers.

• Urban Outfitters Inc.
URBN,
-7.75%

Quarterly results fell well below Wall Street estimates due to a pandemic of forced shop closures. “The impact of the coronavirus pandemic (COVID-19) on the company’s business has led to the need to assess the decline in the value of the company’s long-term assets,” Urban Outfitters said. “These preliminary financial results include temporary impairment costs and related tax impacts, all of which are being evaluated. Although these items are non-cash in nature, the potential for changes in temporary impairment costs can materially affect the reported results. ”

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