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Pandemics can delay life-saving medicines; 8.5 million top global cases | Instant News

Global coronavirus cases are now above 8.5 million, after adding 1 million more cases in just a week. Hotspots in Latin America and the Middle East have contributed to this increase, with cases still increasing in the US and cases in Europe hitting the relative highlands.

US local officials continue to adjust guidelines for reopening, because states in the South and West have experienced an increase in the Covid-19 case. In Arizona, where the case reached a record one-day increase on Thursday, Governor Doug Ducey allowed local and city officials to request the use of face masks. All residents in California are now required to wear masks in public and in business after the country reports its record in one day, an increase in new cases on Thursday. And in Texas, another state that reported a record one-day increase on Thursday, Governor Greg Abbott has allowed selected cities to enforce mask requirements under threat of fines.

This is CNBC’s direct blog which covers all the latest news on the Internet coronavirus epidemic. This blog will be updated throughout the day when the news is broadcast.

  • Global case: More than 8.5 million
  • Global deaths: At least 454,359
  • U.S. Case: More than 2.19 million
  • U.S. Deaths: At least 118,435

The above data was compiled by Johns Hopkins University.

Cases in the Middle East and Asia have surged

Pandemics can delay the arrival of new drugs

8:43 ET – This pandemic is delaying the start of clinical trials for new potentially life-changing drugs because doctors focus on treating sick patients with Covid-19.

Maybe now delaying the arrival of the drug market because the Food and Drug Administration faces a setback once drug makers complete their trials and submit their medicines for regulatory approval.

Reviews for new drug applications can take anywhere from a few months to a year. The last time the FDA took the big risk of a delay was during a partial government shutdown in early 2019. The FDA was able to keep most of the lights on, but the shutdown forced it to nearly half of its workforce and could not accept new applications or fees. —Berkeley Lovelace Jr.

Private jet companies are looking for new flyers amid health concerns

When people try to avoid large airports and commercial airlines, interest in charter flights is increasing.


8:30 ET – Private jet companies fly 70% or more than normal, pre-pandemic schedules, even when commercial traffic reaches 15% to 17% of the total 2019.

Big names in the field of private aviation, including NetJets, PrivateFly and Vista Jet, have reported higher than usual levels of interest from people who have never flown privately because health concerns and lower prices keep them away from commercial. Although business travel is virtually non-existent, private jet companies say the need for safe and remote travel has driven new demand.

Prices for certain private flights are now 30% to 50% cheaper than a year ago. The government has also suspended 7.5% of excise duty on private jet flights as part of the stimulus package. Read more at renewed interest in private flight from CNBC Robert Frank. —Alex Harring

The Coronavirus mortgage bailout is shrinking for the third week in a row

8:17 ET – When the country reopens, the number of borrowers seeking help with mortgage payments has declined for three consecutive weeks, Diana Olick from CNBC reported.

About 4.6 million homeowners are on a patience plan on June 16, representing 8.7% of all active mortgages. That’s just under 8.8% of patience in the previous period, according to Black Knight, a mortgage data and technology company.

This patience plan allows homeowners to defer monthly payments for at least three months. The number of borrowers declined by 57,000 from last week and 158,000 from the peak week of May 22. Loans held by banks or loans in private-label securities, see an increase in total patience of 6,000. –Suzanne Blake

India reports an increase in the number of new cases, the southern city of Chennai is again locked

A health worker collects a swab sample from a man to test for COVID-19 infection, at a pharmacy in Dilshad Garden, on June 18, 2020 in New Delhi, India.

Biplov Bhuyan | Hindustan Times via Getty Images

07:15 ET – India reported an increase in the number of corona virus cases on Friday, Reuters reported, when the country’s health ministry recorded more than 13,000 new infections and more than 300 additional deaths in the past 24 hours.

India has reported the fourth highest number of Covid-19 cases in the world, according to data collected by Johns Hopkins University, respectively behind the US, Brazil and Russia.

Prime Minister Narendra Modi lifted most of the lock restrictions earlier this month, even as coronavirus cases continued to increase, but the southern city of Chennai has now been locked up again after a new outbreak of infection. —Sam Meredith

The German contact tracking application was downloaded nearly 10 million times, the government said

People wearing protective masks walk on the main shopping street in Munich, Germany during the coronavirus crisis on 30 April 2020.

Alexander Hassenstein / Getty Images

07:01 ET – The German contact tracking application, released on Tuesday, has been downloaded 9.6 million times, a government spokesman told Reuters.

Application, developed in part by SAP and Deutsche Telekom, uses Bluetooth technology to alert people who might have been exposed to someone who tested positive for the corona virus. This application does not collect data in a central database, Reuters reported earlier, putting out some privacy issues.

Several countries, including South Korea and Singapore, had early success in tackling the virus, thanks in large part to the contact tracing made possible by technology. However, Europe and the US, where some say people are more skeptical of governments and large technology companies, are slower to adopt and develop such technology. —Is Feuer

Read the previous CNBC coronavirus live coverage here: China published virus genome data from the Beijing outbreak when the capital reported 25 cases


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