Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

COVID-19 - U.S. Cases Hit 1M; Pfizer Vaccine Available by Fall?

CoronavirusApr 28, 2020 02:26PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Shutterstock

By Gina Lee, Peter Nurse and Kim Khan 

Investing.com - Drugmaker Pfizer (NYSE:PFE) could have a vaccine for Covid-19 to use in emergencies by the fall if testing goes well, according to a published report Tuesday.

The report came as U.S. cases of the virus topped 1 million, according to Johns Hopkins.

Americas

U.S. Pfizer CEO Albert Boula told The Wall Street Journal that testing of a vaccine has started in Germany and could start testing in the U.S. as early as next week, with results from the study coming next month.

U.S. Johns Hopkins university said the number of Covid-19 cases in the country surpassed 1 million.        

U.S. House Majority Leader Steny Hoyer said he made a decision to delay to keep the chamber on an extended recess after discussing the situation with the official House physician. "The House's physician's view was that there was a risk to members that we would not recommend taking." Hoyer told reporters.

U.S. White House economic adviser Kevin Hassett said the administration is studying the possibility of more stimulus checks very carefully as payments of $1,200 hit banking accounts.

U.S. President Donald Trump said on he will sign an executive order later in the day that addresses liability issues that have arisen from the coronavirus pandemic.

U.S. The U.S. “could be in for a bad fall” if a treatment for Covid-19 is not found and the virus will come back at some point in the U.S., Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Disease, said at The Economic Club of Washington, D.C.

U.S. The Conference Board’s consumer confidence index for April sank to 86.9 from a downwardly revised 118.8 in March. Economists predicted a drop to 87.9.

Argentina has banned all internal and international commercial flights until September 1 because of the deadly coronavirus outbreak. The country currently has nearly 4,000 confirmed infections, with 192 deaths, according to figures from Johns Hopkins University.

Europe:

Germany The German economy is likely to contract by 6.6% in 2020 year-on-year due to the coronavirus pandemic, according to the economic institute Ifo.

It said Europe's largest economy shrank by 1.9% in the first three months of 2020 and is expecting a 12.2% contraction in the second quarter.

Germany The government has agreed to help airline Lufthansa with a rescue package worth around 9 billion euros ($9.74 billion) in return for a blocking minority and one or two supervisory board mandates, Business Insider cited company sources as saying.

Switzerland The Swiss government has agreed in principle to support an aviation aid package worth around 1.5 billion Swiss francs ($1.54 billion) for Lufthansa unit Swiss via state-backed bank loans, the Tages-Anzeiger newspaper reported on Tuesday.

U.K. Families of British health and care workers who die on the frontline of the Covid-19 pandemic will be paid 60,000 pounds ($74,472) as part of a new life assurance scheme, Health Secretary Matt Hancock said on Monday.

There have been over 21,000 confirmed hospital deaths due to the virus in the United Kingdom to date, and thousands more yet to be quantified in care homes. Among those, 98 health and care service workers are known to have died after testing positive for the virus.

Ireland The national public health emergency team will not recommend easing its lockdown next Tuesday unless progress on the spread and impact of the virus is made this week, the chief medical officer, Tony Holohan, said.

Russia The number of new coronavirus cases climbed on Tuesday to 6,411, a record daily rise, bringing its nationwide tally to 93,558, the country's coronavirus crisis response centre said. The number of deaths rose by 72, also a daily record, taking the total number of fatalities to 867.

Asia:

Australia’s New South Wales state will loosen some lockdown measures from Friday, such as allowing a maximum of two adults to make social visits to another household. 

Sydney's Bondi Beach reopened to surfers and swimmers on Tuesday.

Hong Kong’s civil servants will start coming back into the office on May 4, and public facilities that were closed during the Covid-19 outbreak, such as libraries and sports facilities, will also re-open.

But the city’s government is still mulling on whether to extend social distancing measures beyond May 7, as the city recorded a fourth day with no new cases.

Japan's seasonally adjusted unemployment rate rose to 2.5%, its highest in a year, and the jobs-to-applications ratio fell to 1.39 in March.

New Zealand returned to work as Prime Minister Jacinda Ardern lowered the country’s alert level to 3 from 4, with factories, construction sites and takeaway food outlets re-opening after a month-long strict lockdown.

But many employees will continue working from home, and the hospitality sector must meet tough criteria to ensure social distancing before they re-open.

Singapore A recession in the country's trade-reliant economy could be deeper than forecast as the protracted nature of the Covid-19 pandemic is likely to hamper a decisive rebound in global activity, the city-state's central bank said on Tuesday.

Thailand reported seven more coronavirus cases and two new deaths Tuesday, bringing the total number of infections since the outbreak began in January to 2,938 cases and 54 fatalities. This extended a trend in fewer new cases, which had been over 100 per day earlier in past weeks.

-- Reuters contributed to this report.

COVID-19 - U.S. Cases Hit 1M; Pfizer Vaccine Available by Fall?
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Lysander Kutsara
Lysander Kutsara Apr 28, 2020 8:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
There will be no successful vaccine.... EVER.  There may be a treatment that 10-50% effective on a per case basis that will have little effect on total 5 yr mortality to which "officials" and "experts" will encourage people to submit, while the media will focus on new and freshly concocted sensations.
Connecticut Yankee
A_Jaundiced_Eye Apr 28, 2020 12:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bad news is Good news, and Good news is...Good News.
Roman Cerny
Roman Cerny Apr 28, 2020 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
These news and numbers do not matter at all when it comes to the price of stocks. It is going up anyway no matter what happens around now as long as QE is in place...
Jáchym Vaněček
Jáchym Vaněček Apr 28, 2020 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I stick to the projection of Harry Dent who predicts a long descent to new lows starting from late summer. Until then, stocks should be OK. That guy has been right on several occassions as far as I remember.
Mark Wahl
Mark Wahl Apr 28, 2020 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jáchym Vaněček so wrong. He is perma bear and hates gold
James Hilton
James Hilton Apr 28, 2020 6:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sounds grim, strong buy.
charlie glass
charlie glass Apr 28, 2020 1:05AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
keep buying stonks!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email