‘Too many nations are headed within the flawed route,’ WHO warns
Executive Director of the World Health Organization’s (WHO) emergencies program Mike Ryan speaks at a information convention on the novel coronavirus (2019-nCoV) in Geneva, Switzerland.
Denis Balibouse | Reuters
The World Health Organization warned that too many nations are headed within the “wrong direction” because the coronavirus continues to quickly unfold throughout the globe.
The remark by the WHO got here after the U.S. and Brazil reported 111,319 new Covid-19 circumstances on Sunday, accounting for roughly half of all the brand new circumstances reported worldwide. As of Sunday, U.S. circumstances are rising by 5% or extra in 37 states and in addition Washington D.C.
WHO Director-General Tedros Adhanom Ghebreyesus, the company’s prime official, criticized some nations’ responses to the virus, saying their actions have not matched the seriousness of the pandemic.
“The only aim of the virus is to find people to infect. Mixed messages from leaders are undermining the most critical ingredient of any response: Trust,” he stated throughout a press convention. The virus “is going to get worse and worse and worse but it doesn’t have to be this way.” –Berkeley Lovelace Jr.
Hong Kong Disneyland to shutter once more on July 15
Disneyland Hong Kong.
Hong Kong Disneyland reopened lower than a month in the past after closing down in January in the course of the first surge of Covid-19 circumstances within the area.
The native authorities has restricted group gatherings to 4 folks, from 50, and compelled 12 totally different sorts of companies, together with gyms and gaming facilities, to shutdown for every week.
The information of the park’s closure comes as Disney’s Magic Kingdom and Animal Kingdom reopened in Orlando, Florida on Saturday. —Sarah Whitten
U.S. college students extra susceptible than youngsters elsewhere, Dr. Scott Gottlieb says
Children within the U.S. are extra seemingly to grow to be severely sick and die from Covid-19 than youngsters in different nations as a result of the U.S. has a relatively unhealthy inhabitants, former Food and Drug Administration Commissioner Dr. Scott Gottlieb stated.
“We have more co-morbid illness among young people in this country, more asthma, more obesity, more diabetes, so there is going to be higher risk with our school-age population,” Gottlieb stated on “Squawk Box.”
President Donald Trump vowed final week to strain governors into reopening colleges even because the U.S. outbreak continues to balloon, particularly in a variety of hot-spot states throughout the South and West. —Will Feuer
Disclosure: Scott Gottlieb is a CNBC contributor and is a member of the boards of Pfizer, genetic-testing start-up Tempus and biotech firm Illumina. He additionally serves as co-chair of Norwegian Cruise Line Holdings’ and Royal Caribbean’s “Healthy Sail Panel.”
Sen. Marco Rubio says the prices of not reopening colleges in Florida are ‘extraordinary’
Sen. Marco Rubio, R-Fla.
Michael Brochstein | SOPA Images | LightRocket | Getty Images
Quest Diagnostics posts better-than-expected income on rising demand for testing
People volunteer for Covid-19 surveillance testing utilizing the Quest Diagnostics self administered PCR check in Livingston, Montana.
William Campbell | Getty Images
Quest Diagnostics reported preliminary income for the second quarter above analysts’ estimates, pushing shares up 2.7% earlier than the bell on rising demand for Covid-19 testing. The firm’s income fell 6% to $1.83 billion, however was nonetheless above estimates of $1.52 billion, in accordance to the corporate.
After greater than a 40% decline in testing over the last two weeks of March, the corporate started seeing an increase in testing quantity at a faster-than-expected price. Quest is anticipated to report second-quarter outcomes on July 23, in accordance to Reuters. –Alex Harring
Yelp to deliver again furloughed workers
The firm in April laid of 1,000 workers and furloughed roughly 1,100 extra, because the Covid-19 pandemic saved folks throughout the nation residence.
“As local economies begin their recovery, we remain cautious but optimistic in the face of continued uncertainty,” Yelp CEO Jeremy Stoppelman wrote in an e mail to workers that was shared with CNBC.
Coronavirus circumstances proceed to spike in some areas throughout the nation, and Yelp will prolong its workplace closures into 2021. The firm stated that may end in a layoff of 63 extra workers. —Jessica Bursztynsky
Pepsi gross sales fall amid virus shutdowns
PepsiCo‘s web gross sales fell greater than 3% in the latest quarter because the coronavirus saved customers away from eating places, comfort shops and sporting occasions, the corporate introduced in its quarterly report.
The firm’s North American beverage division reported a 7% drop in natural income, which strips out the influence of international forex, acquisitions and divestitures. Pepsi’s packaged meals items, in contrast, noticed elevated gross sales as Americans stayed residence. Quaker Foods North America reported natural income development of 23%, and Frito-Lay North America reported natural gross sales development of 6%.
Read extra on the quarterly replace from CNBC’s Amelia Lucas. —Sara Salinas
Pfizer, BioNTech’s vaccine candidates get FDA ‘quick observe’
German biotech agency BioNTech and U.S. pharmaceutical firm Pfizer introduced that two of their vaccine candidates have been granted “fast track” standing by the U.S. Food and Drug Administration.
The corporations stated in a press release that the designation was based mostly on preliminary knowledge from the candidates’ phases one and two trials, that are nonetheless ongoing. On July 1, the businesses launched early knowledge on the trials.
“We look forward to continue working closely with the FDA throughout the clinical development of this program, Project Lightspeed, to evaluate the safety and efficacy of these vaccine candidates,” Peter Honig, Pfizer’s senior vp of worldwide regulatory affair, stated in a press release.
The corporations stated they count on to begin late-stage medical trials that may contain up to 30,000 contributors as quickly as later this month. —Will Feuer
Germany can stop a second wave, well being minister insists
Citizens stroll on the pedestrian zone in Guetersloh, western Germany.
Ina Fassbender | AFP | Getty Images
Germany can stop a second wave of the coronavirus later this yr if folks stay vigilant, the nation’s well being minister stated, warning German holidaymakers not to be complacent over the dangers.
“We have to try particularly now in the holiday season to prevent infections,” Jens Spahn informed a information convention Monday, Reuters reported. “We don’t automatically have to expect a second wave in the autumn and winter. Together, as a society, we can prevent that, as we did once before: breaking the wave and keeping the pandemic in check.”
Spahn stated it was essential to stay alert when touring overseas and that he was anxious by footage displaying holidaymakers ignoring social distancing guidelines. —Holly Ellyatt
Read CNBC’s earlier coronavirus live protection right here: Record single-day spike in circumstances; Gottlieb says 1 in 150 Americans are contaminated