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Sept. 25, 2020, 3:14 p.m. EDT

Coronavirus update: U.S. cases top 7 million, after jumping by more than 45,000 in a single day

Fiscal stimulus talks heat up as concerns grow over another COVID-19–related hit to the economy; Rio delays Carnival for the first time in a century, and Madrid calls for another shutdown

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By Tomi Kilgore, MarketWatch

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The U.K. led Europe, and was fifth in the world, with 42,025 deaths, but was fourth in Europe and 14th in the world in cases with 425,765. Russia paces Europe in cases with 1,131,088.

Don’t miss: Italian president hits back at U.K.’s Boris Johnson over ‘freedom loving’ COVID-19 remarks

Israel’s government reportedly issued more restrictive lockdown measures , a week after ordering a partial shutdown. Israel is 24th in the world with 215,273 cases and 47th in deaths with 1,405.

On the bright side, Novavax Inc. /zigman2/quotes/202614340/composite NVAX +1.63% announced a COVID-19 vaccine manufacturing deal with Endo International PLC /zigman2/quotes/207745412/composite ENDP +8.79% , in which an Endo subsidiary will provide fill-finish manufacturing services at a factory in Rochester, Mich. The product being produced is expected to be used in Novavax’s Phase 3 trials of NVX-CoV2373 in the U.S., as well as for potential general distribution to the public if the vaccine candidate receives regulatory approval or authorization.

Novavax CEO Stanley Erck said the company is preparing for its pivotal Phase 3 trial in the U.S. to “get under way very soon.” Separately, the company has started a Phase 3 trial in the U.K .

Don’t miss : There are currently four coronavirus vaccines in late-stage studies; here’s how they differ.

In other news:

• Virginia Gov. Ralph Northam and first lady Pamela Northam tested positive for COVID-19 . The Northams took PCR nasal swab test Thursday afternoon, after being notified that a member of the official residence staff had developed symptoms and tested positive for COVID-19.

“As I’ve been reminding Virginians throughout this crisis, COVID-19 is very real and very contagious,” the Democratic governor said.

• An Ohio mother was tasered and dragged away from a middle school football game , after refusing repeated requests to wear a mask. The woman said she refused to wear the mask because she has asthma. The police said she was arrested for criminal trespassing.

• Hawaiian Airlines parent Hawaiian Holdings Inc. /zigman2/quotes/203188135/composite HA -0.97%  said, starting Oct. 15, it will offer those traveling to Hawaii from the international airports in Los Angeles and San Francisco the option to take drive-through COVID-19 tests before they fly, so those who test negative can be exempt from Hawaii’s 14-day quarantine requirement. To receive the results within 36 hours, the tests will cost $90, and will cost $150 for “day-of-travel” express service.

• Luxury retailer Neiman Marcus Holdings Co. Inc., which was the first department store chain to go bankrupt following the COVID-19 outbreak, said it has emerged from bankruptcy. The company said it had “full support” of its creditors and new equity shareholders. The new owners, which include PIMCO, Davison Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.

/zigman2/quotes/202614340/composite
US : U.S.: Nasdaq
$ 125.48
+2.01 +1.63%
Volume: 3.97M
Dec. 2, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.86 billion
Rev. per Employee
$113,103
loading...
/zigman2/quotes/207745412/composite
US : U.S.: Nasdaq
$ 5.57
+0.45 +8.79%
Volume: 3.86M
Dec. 2, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.18 billion
Rev. per Employee
$918,778
loading...
/zigman2/quotes/203188135/composite
US : U.S.: Nasdaq
$ 20.51
-0.20 -0.97%
Volume: 1.30M
Dec. 2, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$952.74 million
Rev. per Employee
$380,116
loading...

Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

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