Harvard will enable some college students on campus this fall as long as they take coronavirus exams each three days
Harvard University in Cambridge, Massachusetts.
Harvard University is welcoming freshmen and another college students again to campus this fall semester, however college students can have to take coronavirus exams each three days, lessons will nonetheless be taught on-line and it will not low cost its $49,653 tuition, the college introduced Monday.
The complete share of on-campus undergraduates might be restricted to round 40%.
Princeton University additionally introduced Monday it will carry freshmen and juniors to campus within the fall and sophomores and seniors within the spring, with Covid-19 testing upon arrival and “regularly thereafter.” —Michelle Gao
Miami-Dade mayor recloses gyms, restaurant eating amid spike
Miami-Dade County Mayor Carlos A. Gimenez on June 18, 2020 in Doral, Florida.
Jason Koerner | Getty Images
Gyms and eating places – apart from take-out and supply – are amongst companies that can reclose in Miami-Dade County starting Wednesday amid a spike in Covid-19 cases, Mayor Carlos Gimenez introduced Monday.
In addition to eating places and gymnasiums, ballrooms, banquet amenities, get together venues and short-term leases may even shut.
Beaches will stay open Tuesday, however Gimenez warned they may shut if there may be crowding and public well being guidelines should not adopted. Hotel and condominium swimming pools, summer season camps and different outside actions will stay open with capability limits and necessities for social distancing and face coverings.
Office buildings, retail and grooming will stay open, in accordance to the press launch. –Alex Harring
Gig employees nab greater share of unemployment advantages
Certain employees, just like the self-employed and gig employees, are getting an growing share of unemployment advantages.
Nearly 13 million Americans have been receiving jobless assist via the Pandemic Unemployment Assistance program as of mid-June, in accordance to most up-to-date Labor Department knowledge.
That represents about 41% of total unemployment recipients nationwide — up from somewhat over a 3rd of the entire a month earlier.
The PUA program, created by a federal coronavirus reduction regulation in March, expanded advantages to these employees, who’re ineligible for unemployment assist in regular instances. — Greg Iacurci
U.S. response nonetheless crippled by lack of testing, Gottlieb says
While the U.S. has managed to ramp up testing considerably on a nationwide stage, states with surging outbreaks nonetheless aren’t testing sufficient individuals, former Food and Drug Administration Commissioner Dr. Scott Gottlieb stated.
“We don’t have a national plan. We don’t have a national strategy. We don’t have a national pool of resources and swing capacity that we can move around when we have these epidemics, and so states start to get pressed very quickly,” Gottlieb stated on CNBC’s “Squawk Box.” “It’s a bigger problem than we thought it would be at this point.”
The testing capability in states like Texas and Arizona is reportedly strained underneath the spike in demand that is come as elements of these states expertise extreme outbreaks. The provide chain for diagnostic exams, which incorporates sample-collection swabs, chemical reagents and different supplies, has been strained because the begin of the pandemic. LabCorp and Quest, two of the most important take a look at producers on the planet, have stated they’re experiencing a latest backlog of processing exams amid the latest spike in demand.
Cuomo says President Trump is ‘enabling’ the coronavirus pandemic
New York Gov. Andrew Cuomo stated throughout a press briefing that President Donald Trump is “enabling the virus” and exacerbating the pandemic by downplaying the issue and telling Americans they do not have to put on a masks. Cuomo stated Trump “says a lot of things” and “they’re not necessarily facts, they’re not necessarily true.”
He stated Trump might assist curb the outbreak within the U.S., the worst on the planet, by merely acknowledging the issue and by carrying a masks in public. Cuomo ridiculed Trump’s declare that if the U.S. did not conduct extra exams then it would not discover extra cases. Last month at a marketing campaign rally in Tulsa, Oklahoma, Trump attributed the rising outbreaks throughout the nation to elevated testing, including that he advised officers to “slow the testing down, please.”
“We’re not the United States of denial. We have never been a nation that’s excelled because we refuse to admit the problem,” Cuomo stated. — Noah Higgins-Dunn
Hospitalizations develop in additional than 20 states
The variety of individuals hospitalized with Covid-19 grew by 5% or extra Sunday in 23 states, primarily based on a seven-day transferring common, in accordance to knowledge compiled by the Covid Tracking Project, an unbiased volunteer group launched by journalists at The Atlantic.
Texas had greater than 8,000 individuals hospitalized with the coronavirus on Sunday, a document excessive for the state because the starting of the outbreak.
Public well being consultants watch hospitalizations intently as a result of it may well point out how extreme an outbreak is in an space. California, Arizona, Nevada and Georgia have additionally seen rising Covid-19 hospitalizations. Florida solely tracks the quantity of people that have been hospitalized because the starting of the outbreak and never these presently within the hospital with Covid-19, in accordance to the Covid Tracking Project. — Noah Higgins-Dunn
Immunity to the coronavirus will not be a ‘secure guess,’ professor says
Immunity to the coronavirus is “rather fragile” and “short lived,” Danny Altmann, professor of immunology at Imperial College London, advised CNBC.
Altmann additionally stated so-called herd immunity was “probably never going to work” in coping with Covid-19. This technique permits a inhabitants some publicity to the virus so as to construct immunity among the many normal inhabitants, and has been applied in Sweden, one of many solely European international locations which didn’t impose a lockdown.
“Immunity to this thing looks rather fragile — it looks like some people might have antibodies for a few months and then it might wane, so it’s not looking like a safe bet,” the professor added. “It’s a very deceitful virus and immunity to it is very confusing and rather short-lived.” — Katrina Bishop
GOP’s Kevin Brady: I feel it is ‘necessary for states to reopen’
“The deadliest per-capita rates are in the ‘lockdown states,’ New Jersey, New York,” amongst others, the Texas Republican stated. He added that “reopening states,” together with his house state and Florida, have “some of the lowest Covid fatalities per person.”
Texas and Florida are among the many states presently experiencing document day by day Covid-19 cases. Since they did not see big early spikes like within the Northeast, doable fatalities in these states might go larger.
Texas and Florida have been among the many first states to enable some companies to resume operations in early May. However, as cases began to spike final month, the Republican governors of Texas and Florida additionally grew to become a number of the first to gradual or reverse reopening plans.
“I think it was important for states to reopen,” Brady stated in a “Squawk Box” interview, although he acknowledged that the “next couple of weeks are critical.” —Matthew J. Belvedere
Air journey surges throughout July 4 — now comes the arduous half
An common of 661,811 individuals a day handed via U.S. airport safety through the July Four vacation weekend, up greater than 90% in contrast with first 5 days of June. however the figures stay far under final 12 months’s ranges. TSA’s vacation weekend site visitors was down greater than 72% from the identical interval of 2019.
Airlines now have to deal with a rising variety of coronavirus cases throughout what’s the peak interval for air journey.
Carriers scrambling to persuade vacationers it is secure to journey, stepping up cleansing procedures and requiring masks to stop the unfold of Covid-19.
Airlines, nevertheless, are diverging on whether or not to bodily distance passengers on board flights. Some airways, together with Delta and Southwest, have been limiting the variety of seats they promote on flights to house vacationers out extra on their planes. Other airways, comparable to American and United aren’t blocking seats however as a substitute, say they notify vacationers if the aircraft is filling up. —Leslie Josephs
Major non-public jet corporations obtain greater than $200 million in authorities funding
An airport floor crew prepares a Cessna 510 jet airplane for takeoff at Santa Fe Municipal Airport in Santa Fe, New Mexico.
Robert Alexander | Getty Images
Major non-public jet corporations, together with Wheels Up and OneSky Flight, acquired greater than $200 million in authorities funding via the payroll help program, CNBC’s Robert Frank experiences.
Some have criticized the choice to fund non-public jet corporations, which have seen an uptick in new prospects amid the pandemic, however the corporations themselves stated the funding would stave off layoffs.
NetJets, the most important non-public jet firm, didn’t apply for funding.
According to the Treasury Department, the quantities given to every service have been primarily based on payroll bills from September 2019 to April 2019. Funds from this system have to be used for the continuation of worker wages, salaries and advantages, in accordance to the division. –Alex Harring
Companies returned $30 billion in Paycheck Protection Program loans
Companies have returned or canceled greater than $30 billion in loans accredited via the federal government’s emergency Paycheck Protection Program, a senior administration official stated.
The multibillion-dollar sum exhibits that the overwhelming majority of the returned funds got here from non-public corporations; public corporations have solely returned $430 million, in accordance to knowledge analytics agency FactSquared.
The Small Business Administration additionally reported a partial checklist of the businesses that acquired the PPP reduction loans via June 30. President Trump on Saturday prolonged the deadline to apply to the PPP via Aug. 8. —Tom Franck
Goldman cuts Q2 development outlook amid virus resurgence
David Solomon, the CEO of Goldman Sachs, speaks through the Bloomberg Global Business Forum in New York, September 25, 2019.
Shannon Stapleton | Reuters
Goldman Sachs has lowered its second-quarter gross home product forecast as a number of states gradual their reopenings due to coronavirus spikes. The financial institution minimize its development outlook to 25% from 33%, nonetheless simply the quickest quarterly acquire since not less than 1947.
GDP dropped 5% within the second quarter however is predicted to rebound amid record-breaking month-to-month payroll development, and a return in manufacturing and constructing. However, coronavirus cases within the U.S. spiked 13.4% over the previous week. —Jeff Cox
Countries warn of HIV drug scarcity, WHO says
More than 70 international locations warned they may run out of essential HIV medicines and 24 international locations stated their provides are already “critically low,” according to a brand new survey performed by the World Health Organization.
Land and air transportation closures, failure of suppliers to ship the medicine, and restricted entry to well being companies have been among the many causes of disruption to the availability of antiretroviral drugs, or ARVs, largely used as a remedy to deal with HIV, cited within the WHO survey.
In May, the WHO and the Joint United Nations Program on HIV/AIDS estimated that AIDS-related deaths in sub-Saharan African might double in 2020 alone if the availability of ARVs is disrupted for six months.
“The findings of this survey are deeply concerning,” WHO director-general Tedros Adhanom Ghebreyesus stated in an announcement. “Countries and their development partners must do all they can to ensure that people who need HIV treatment continue to access it. We cannot let the COVID-19 pandemic undo the hard-won gains in the global response to this disease.” —Will Feuer
Mylan plans to promote remdesivir in India under worth it is going to cost wealthy nations
An worker of Egyptian pharmaceutical firm Eva Pharma holds a pack containing vials of Remdesivir, a broad-spectrum antiviral medicine accredited as a particular therapy for COVID-19, on the firm’s manufacturing facility, which began producing the drug this week with a manufacturing capability of up to 1.5 million doses per thirty days.
Fadel Dawood | dpa | Getty Images
Mylan stated it plans to promote a generic model of Gilead Sciences’ coronavirus antiviral remdesivir drug in India for 4,800 rupees, or $63.41, Reuters reported. At this worth, the price is roughly 80% under the worth Mylan will cost rich nations for the drug.
Mylan joins Indian drug makers Cipla and Hetero, which each launched generic variations of the therapy final month. Gilead has stated remdesivir will price $2,340 per affected person in wealthy nations, with a majority of its provide going to the U.S.
The 4,800-rupee worth was listed for the 100 mg vials, however it’s unclear what number of vials might be required for a full therapy, in accordance to Reuters. —Alex Harring
Dow jumps greater than 300 factors as Wall Street shakes off an increase in virus cases
Stocks opened sharply larger as Wall Street continued to shake off the rise in coronavirus cases, CNBC’s Fred Imbert reported.
The Dow Jones Industrial Average rose 370 factors, or 1.4%, whereas the S&P 500 and the Nasdaq Composite gained 1.4% and 1.5%, respectively. —Melodie Warner
Becton Dickinson granted emergency use approval for fast antigen take a look at
Becton Dickinson stated the U.S. Food and Drug Administration has granted emergency use authorization for a Covid-19 antigen take a look at that may be administered on the level of care and produce outcomes inside 15 minutes, in accordance to a Reuters report.
Antigen exams work by scanning for proteins that may be discovered on or inside a virus. The FDA has touted the exams for combating the coronavirus pandemic as a result of they are often produced rapidly and might take a look at sufferers in quite a lot of settings, Reuters reported. —Melodie Warner
Regeneron begins coronavirus antibody cocktail late-stage trial
A technician at Regeneron Pharmaceuticals headquarters in Tarrytown, New York.
Mike Segar | Reuters
The firm’s joint trial with the National Institute of Allergy and Infectious Diseases will take a look at the remedy’s skill to stop an infection in those that have had shut publicity to a Covid-19 affected person. —Melodie Warner
WHO should totally recognize the chance of airborne virus, scientists say
A bunch of 239 scientists from around the globe is reportedly set to push for the World Health Organization to give higher acknowledgment to the chance of the airborne unfold of the coronavirus.
The consultants are due to publish an open letter this week, in accordance to a report in The New York Times, outlining why they consider the global well being physique wants to revise its suggestions.
The WHO’s present steering states that Covid-19 is transmitted primarily between individuals by way of respiratory droplets and speak to. However, the authors of the letter argue rising proof signifies airborne transmission could possibly be extra necessary than the WHO has acknowledged to date.
A spokesperson for the WHO advised CNBC on Monday that it was conscious of the reported letter and technical consultants on the group have been presently reviewing its contents. The WHO added it was possible to remark additional on the report at its common press briefing later on Monday. —Sam Meredith
India’s complete cases surpass that of Russia
A well being care employee checks the temperature within the Dharavi slums throughout Covid-19 pandemic, on June 20, 2020 in Mumbai, India.
Satish Bate | Hindustan Times | Getty Images
The complete variety of confirmed cases in India has surpassed that of Russia, inserting the South Asian nation at third on the planet for variety of Covid-19 cases.
India reported 697,413 complete cases, topping Russia’s 686,777, in accordance to knowledge compiled by Johns Hopkins University. Adjusted for inhabitants, closely populated India’s outbreak is magnitudes smaller than that of Russia.
India has reported simply over 51 cases per 100,000 residents, in accordance to Covid-19 knowledge from Hopkins and inhabitants knowledge from the World Bank. Russia has reported almost 475.7 cases per 100,000 residents, in accordance to Covid-19 knowledge from Hopkins and inhabitants knowledge from the World Bank.
The U.S. and Brazil have nonetheless reported extra cases than some other international locations on the planet, with greater than 2.88 million and 1.6 million, respectively, in accordance to knowledge collected by Hopkins. —Will Feuer
Read CNBC’s earlier coronavirus stay protection right here: Fauci says contact tracing ‘not going nicely,’ Texas and Florida roll again reopening plans