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2:23 a.m. Today - By Ciara Linnane
Coronavirus tally: Global cases of COVID-19 near 159 million and death toll above 3.3 millionThe global tally for the coronavirus-borne illness edged close to 159 million on Tuesday, according to , while the death toll rose above 3.3 million. The U.S. continues to lead the world in cases and deaths by wide margins, with 32.7 million cases and 582,162 deaths, or about a fifth of the worldwide tallies. India is second to the U.S. by cases at 22.7 million and third by fatalities at 246,116. The crisis in India continues a day after the World Health Organization said the double-mutant variant that first emerged there is a "variant of concern" and is likely far more transmissible than the original virus. Called the B.1.627 variant, it has two spike proteins instead of one. There was good news on the vaccine front when the U.S. Food and Drug Administration granted to the vaccine developed by Pfizer Inc. and German partner BioNTech SE for use in 12- to 15-year-olds. Brazil is third with 15.2 million cases and second by fatalities at 423,229. Mexico has the fourth-highest death toll at 219,098 and 2.4 million cases, or 15th highest tally. The U.K. has 4.5 million cases and 127,870 deaths, the fifth-highest in the world and highest in Europe.
2:22 a.m. May 4, 2021 - By Ciara Linnane
Coronavirus tally: Global cases of COVID-19 top 153.5 million and India's death toll above 200,000The global tally for the coronavirus-borne illness rose above 153.5 million on Tuesday, according to , while the death toll rose to 3.2 million. The U.S. continues to lead the world in cases and deaths by wide margins, with 32.5 million cases and 577,523 deaths, or about a fifth of the worldwide tallies. There was positive vaccine news which said the U.S. Food and Drug Administration is expected to authorize Pfizer's COVID-19 vaccine for youngsters ages 12 to 15 by next week, citing a federal official and a person familiar with the process, setting up shots for many before the beginning of the next school year. The U.S. vaccine program has slowed as more older people have been fully vaccinated and experts say inoculating young people will go a long way toward expanding it. India is second to the U.S. by cases at 20.3 million and third by fatalities at 222,408. Indian hospitals are still overwhelmed by cases and lacking in supplies including oxygen. Brazil is third with 14.8 million cases and second by fatalities at 408,622. Mexico has the fourth-highest death toll at 217,345 and 2.3 million cases, or 15th highest tally. The U.K. has 4.4 million cases and 127,799 deaths, the fifth-highest in the world and highest in Europe.
12:12 p.m. April 13, 2021 - By Mark DeCambre
S&P 500 books record high and Nasdaq rallies 1.1% as stock market reacts to Johnson & Johnson pause, hot CPI report The S&P 500 finished at a record and technology shares closed in the green Tuesday as long-term government bond yields retreated despite data showing a surge in consumer prices in March. Investors were hit with early negative headlines after the Food and Drug Administration and the Centers for Disease Control and Prevention requested the immediate halt in the use of Johnson & Johnson's one-shot COVID vaccine out of "an abundance of caution" due to extremely rare blood-clotting issues in women. That report was followed by a highly anticipated reading of March that showed U.S. consumer prices rising on the month for the fourth month in a row, with the pace of inflation hitting the highest level in 21/2 years. The rate of inflation over the past year shot up to 2.6% from 1.7% in the prior month, marking the highest level since the fall of 2018. The S&P 500 closed at a record at around 4,141, about 0.3% higher, while the Nasdaq Composite Index closed up 1.1% as technology shares scored a bounce off reteating bond yields. The 10-year Treasury note yielded 1.62% , with the decline following the CPI report, which some traders said wasn't as hot as expected, helping support some bids for long-dated bonds and relieving some of the pressure of higher borrowing costs on investments viewed as speculative like tech and tech-related shares. The Dow Jones Industrial Average , however, closed off 0.2% at aroound 33,677.
3:27 a.m. April 13, 2021 - By Mark DeCambre
Dow futures turn south Tuesday after FDA and CDC call for pause of Johnson & Johnson COVID vaccineFutures for the Dow Jones Industrial Average and the S&P 500 pivoted lower Tuesday morning after said that the U.S. will seek a pause of the Johnson & Johnson vaccine due to blood-clotting issues. "We are recommending a pause in the use of this vaccine out of an abundance of caution," the Food and Drug Administration, said jointly with the Centers for Disease Control and Prevention. The New York Times, citing officials briefed on the decision, said a rare clotting issue has cropped up in six women within about two weeks of vaccination. Futures for the Dow fell 127 points or 0.4% and those for the S&P 500 were trading 0.3% lower at 4,107. Shares of J&J were down 3% in pre-market action on Tuesday. The FDA and the CDC are requesting that the J&J vaccine not be used at federal sites and is urging states to also follow suit.
5:36 a.m. Feb. 24, 2021 - By Mark DeCambre
Stock-index futures skid south Wednesday morning as 10-year Treasury breaches 1.4%U.S. stock-index futures turned south as bond yields Tuesday morning took a leg higher, weighing on interest-rate sensitive assets. The move for bond yields, with the 10-year Treasury note breaching a rate at 1.4%, came as investors appeared to digest a report from the Food and Drug Administration, which said that Johnson & Johnson's single-dose COVID-19 vaccine candidate has no unexpected safety concerns, in a step that moves the experimental vaccine one step closer to emergency authorization. Futures for the Dow Jones Industrial Average declined 0.3% to 31,422, the S&P 500 index futures fell 0.3% at 3,867, while Nasdaq-100 futures declined 0.8% to 13,085, with the technology-laden index the most sensitive to yield moves. On Tuesday, the Dow , the S&P 500 index and the Nasdaq Composite Index stagewd a dramatic turnaround on the heels of comments from Federal Reserve Chairman Jerome Powell, who said accommodative policy would be in place for the foreseeable future.
10:50 a.m. Jan. 19, 2021 - By Ciara Linnane
U.S. climbs above 400,000 COVID-19 fatalities as California becomes first state with 3 million confirmed cases L.A. County air quality regulator lifts limit on how many cremations can be performed to help clear backlog of bodiesThe number of global cases of the coronavirus-borne illness COVID-19 rose above 95.9 million on Tuesday, and the U.S. edged closer to 400,000 deaths, with California becoming the first state with more than three million confirmed cases.
11:02 a.m. Jan. 15, 2021 - By Ciara Linnane
Global deaths from COVID-19 top 2 million as U.S. suffers most weekly fatalities since start of the pandemic Weekly deaths exceed CDC’s estimate for flu-related deaths for entire 2019-2020 season The global case tally for the coronavirus-borne illness COVID-19 climbed above 93 million on Friday and the death toll climbed above 2 million, with the U.S. leading all nations by cases and fatalities.
10:21 a.m. Jan. 13, 2021 - By Ciara Linnane
U.S. sees record one-day death toll and experts worry new variant may make activities like plane travel more risky Vaccine program must speed up to avoid reaching 640,000 deaths by spring, equal to lives lost in the 1918 flu pandemicThe U.S. set another grim milestone in the coronavirus pandemic on Tuesday, when more than 4,400 COVID-19 patients died, the most in a single day since the start of the outbreak, and experts said that with cases continuing to accelerate, the worst is still to come.
10:19 a.m. Jan. 5, 2021 - By Ciara Linnane
January will be worst month for U.S. pandemic so far with post-holiday travel cases seen surging U.S. sets fresh record for hospitalizations and Los Angeles County says a COVID-19 patient is dying every 15 minuteshe number of global cases of the coronavirus-borne illness COVID-19 edged toward 86 million on Tuesday and the U.S. set yet another record for hospitalizations, as experts warned that January will likely be the worst month of the pandemic so far due to a surge in new infections after holiday travel.
10:56 a.m. Jan. 4, 2021 - By Ciara Linnane
U.S. heads toward 21 million COVID-19 cases and 353,000 deaths as vaccine program continues to lag all targets ‘Last mile’ vaccine distribution has been far slower than required, ‘with millions of doses still sitting on the shelves,’ says Raymond James analystThe global case tally for the coronavirus-borne illness COIVID-19 climbed above 85 million on Monday, as the U.S. headed toward 21 million cases and 353,000 deaths, as the vaccine program continued to advance with fits and starts and to lag all early targets.
10:55 a.m. Dec. 11, 2020 - By Ciara Linnane
U.S. suffers its worst week of cases, deaths and hospitalizations since the start of the pandemic CDC head warns U.S. will see more deaths every day for next few months than died on Sept. 11, 2001, or in the attack on Pearl HarborThe U.S. suffered its worst week for cases, deaths and hospitalizations with the coronavirus illness COVID-19, as the Food and Drug Administration said it would grant emergency use authorization to the vaccine developed by Pfizer Inc. and its Germany partner BioNTech SE.
10:22 a.m. Dec. 10, 2020 - By Ciara Linnane
U.S. sets record one-day death toll from coronavirus as FDA committee meets to review Pfizer–BioNTech vaccine FDA head says initial assessment is ‘this is a vaccine that does meet our criteria. ... But we do want to hear from the vaccine advisory committee.’The U.S. set fresh records for single-day fatalities from the coronavirus illness COVID-19 and hospitalizations, as a U.S. regulatory advisory committee gathered to offer its verdict on the vaccine developed by Pfizer Inc. and its German partner BioNTech SE.
10:26 a.m. Dec. 9, 2020 - By Ciara Linnane
U.S. coronavirus case tally climbs to 15 million from 14 million in just five days U.S. sets fresh record for COVID-19 hospitalizations; Angela Merkel pleads with Germans to limit gatherings during holidaysThe global case tally for the coronavirus illness COVID-19 climbed above 68 million on Wednesday and the U.S. tally rose above 15 million as the virus continued to race across the nation, filling hospitals with record numbers of patients
4:36 p.m. Dec. 8, 2020 - By Ciara Linnane
U.S. suffers deadliest week from coronavirus since pandemic broke out A group of doctors and scientists urge leaders to follow the science and stop the misinformation that has undermined the U.S. response to the crisisThe U.S. has set another grim milestone in the coronavirus pandemic, averaging the most deaths from COVID-19 in a week since the start of the outbreak, as cases continue to rise across the country and hospitals fill with patients
9:49 a.m. Dec. 7, 2020 - By Ciara Linnane
More than 101,000 COVID-19 patients are now in U.S. hospitals, and Dakotas lead nation in cases per capita ‘The vaccine’s critical. But it’s not going to save us from this current surge. Only we can save us from this current surge,’ says Dr. BirxThe U.S. set another record for hospitalizations with the coronavirus illness COVID-19 on Sunday, while case numbers and fatalities remained high, and the nation braced for what is expected to be a very dark winter.
11:00 a.m. Dec. 4, 2020 - By Ciara Linnane
CDC forecasts up to 19,500 deaths from COVID-19 in week ending Dec. 26 ‘People were less willing to change their behavior than any other day during the pandemic,’ data analyst says of Thanksgiving DayThe U.S. set yet another record for new cases and fatalities in a single day from the coronavirus illness COVID-19 and the nation’s leading public health agency said there could be up to 19,500 deaths in the week ended Dec. 26.
1:12 p.m. Dec. 3, 2020 - By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
10:48 a.m. Dec. 2, 2020 - By Ciara Linnane
U.S. COVID-19 death toll tops 272,000 as CDC pushes ahead with plans for expected vaccine rollout U.K. grants emergency-use authorization to Pfizer and partner BioNTech’s vaccine candidate, but many hurdles remainThe U.S. set a fresh record for hospitalizations with the coronavirus illness COVID-19 on Wednesday and the death toll climbed above 272,000, as the nation’s main public health agency pushed ahead with planning for an expected vaccine rollout.
10:50 a.m. Dec. 1, 2020 - By Ciara Linnane
U.S. is heading for 100,000 COVID-19 patients in hospitals as experts worry about a coming Thanksgiving travel spike ‘What happened during Thanksgiving is a lot like a 100-mile-an-hour wind going into a forest fire,’ says epidemiologist Michael OsterholmThe U.S. set a record for hospitalizations with the coronavirus illness COVID-19 on Tuesday at almost 100,000 patients and health experts worried that the situation will worsen in the coming weeks after millions traveled across the country for the Thanksgiving holiday.
11:10 a.m. Nov. 24, 2020 - By Ciara Linnane
U.S. is ‘in the middle of the Fight of the Century,’ says former CDC head as cases rise in 45 states, hospitalizations set record U.S. has averaged 173,147 cases a day in the past week, and more than 85,000 COVID-19 patients are in a hospitalThe U.S. case tally from the coronavirus illness COVID-19 climbed above 12.84 million on Tuesday and hospitalizations again reached record levels, with 45 states reporting rising infections.
10:58 a.m. Nov. 23, 2020 - By Ciara Linnane
U.S. coronavirus case tally tops 12 million amid growing fears that Thanksgiving travel will spark another surge of infections ‘Four days before a holiday with potentially the most indoor and in-person gatherings of the year in the U.S., the virus is here and more prevalent than ever,’ says one analystThe global case tally for the coronavirus illness COVID-19 rose to 58.8 million on Monday and the U.S. tally rose above 12 million, with new daily infections heading toward 200,0000 a day amid growing fears that Thanksgiving travel will spark another surge.
7:32 a.m. Nov. 21, 2020 - By Ciara Linnane
U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving Fauci at press briefing: ‘If you’re fighting a battle, and the cavalry is on the way, you don’t stop shooting. You keep going until the cavalry gets here.’The global case tally for the coronavirus illness COVID-19 climbed above 57 million on Friday, and the U.S. moved closer to 200,000 cases in a day and set a fresh record for hospitalizations as the virus continues to infect people in every state and region.
10:22 a.m. Nov. 10, 2020 - By Ciara Linnane
Coronavirus update: U.S. adds another 130,000 cases in a day: ‘This is what exponential math looks like,’ says expert Per capita new case numbers are highest in North Dakota, South Dakota, Iowa and Wisconsin, filling hospitals and raising concerns that systems will be overwhelmed The global tally of confirmed cases of the coronavirus illness COVID-19 climbed above 51 million on Tuesday with cases racing across the U.S. and Europe as more localities opted to impose restrictions on movement to curb the spread.
11:33 a.m. Nov. 9, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally tops 10 million and Biden warns vaccination is still months away despite positive Pfizer news There is now ‘light at the end of the tunnel’ with a return to ‘normalcy’ appearing likely in 2021, according to Raymond James analystThe U.S. tally of confirmed cases of the coronavirus illness COVID-19 rose above 10 million on Monday, and financial markets enjoyed a historic rally following positive news on a leading COVID-19 vaccine candidate.
12:11 p.m. Nov. 4, 2020 - By Mark DeCambre
S&P 500, Nasdaq book best postelection rally in history as Biden-Trump presidential contest remains undecidedThe S&P 500 and the Nasdaq on Wednesday produced the best postelection gain on record, as investors focus on the possibility that the race for the White House between President Donald Trump and former Vice President Joe Biden might yield a split government. Biden was seen edging Trump for the presidency after Tuesday's Election Day results, which were still being tallied but the expectations for a Democratic sweep appeared dashed, making it more likely that Republicans and Democrats would lock horns over the next four years--viewed as the type of political gridlock that is felicitous for financial markets. Crucial battleground states like Georgia, Michigan and Pennsylvania continued to be counted, with Biden holding a 248 electoral college lead, compared against Trump's 214. A total of 270 votes are required to determine a winner for the White House. Technology-related stocks led the way on Wednesday on the belief that a Biden victory and a split Congress would make the Democratic challenger's hope of raising taxes and enacting stricter regulation on tech companies less likely. The Nasdaq Composite Index gained 430 points, or 3.9%, to reach 11,591, the S&P 500 index climbed 74.45 points, or 2.2%, to 3,443, with both indexes registering their best returns in the trading day after an election on record, according to Dow Jones Market Data. Meanwhile, the Dow Jones Industrial Average finished up 1.3% higher at 27,848, but finished the session well off its best levels at 28,302, which would have resulted in the best day for the benchmark since 1900. In corporate news, shares of Biogen surged after the U.S. Food and Drug Administration offered a positive assessment of the company's experimental Alzheimer's disease drug. Meanwhile, health-care shares [s; XLV] gained 4.5% on the day, leading the S&P 500's 11 sectors, perhaps, on the belief that a Biden presidency would maintain Obamacare. The focus on politics comes also as the Federal Reserve commenced its two-day policy meeting which will conclude on Thursday and could signal that the central bank will reiterate its support for financial markets amid the economic uncertainty wrought by the pandemic.
5:36 a.m. Oct. 31, 2020 - By Ciara Linnane
Coronavirus update: U.S. counts almost 100,000 cases in new one-day record; The Lancet says Trump pandemic response is ‘disastrous’ USA Today poll finds most Americans disapprove of Trump’s campaign rallies, prefer Biden’s more discreet approachThe U.S. death toll from the coronavirus illness COVID-19 headed toward 230,000 on Saturday and cases topped 9 million after more than 99,000 infections were counted in a record one-day tally, with infections climbing in all swing states just days ahead of the presidential election.
7:46 a.m. Oct. 29, 2020 - By Ciara Linnane
Coronavirus update: U.S. continues to set new case records as Trump remains insistent that U.S. has ‘rounded the corner’ New COVID-19 cases are rising in 47 states, and 27 states recorded 1,000 or more new diagnoses in the last 24 hoursThe U.S. death toll from the coronavirus illness COVID-19 edged closer to 228,000 on Thursday and more than 81,000 new infections were recorded in a single day, pushing the seven-day tally to record highs.
3:27 a.m. Oct. 29, 2020 - By Ciara Linnane
Coronavirus update: Pandemic sets record case numbers across the U.S. as White House suggests the crisis is over U.S. has counted a record 500,000 new cases in the past week, and hospitals in isolated areas of the Midwest are rapidly fillingThe coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a news release that suggested it had ended the crisis that has cost more than 226,000 American lives and shows no signs of abating.
10:40 a.m. Oct. 26, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 225,000 and Trump’s chief of staff says U.S. is ‘not going to control the pandemic’ In the past week, the U.S. has averaged 69,804 cases a day, up 32% from the average two weeks ago, a New York Times tracker showsThe U.S. death toll from the coronavirus illness COVID-19 rose above 225,000 on Monday, with more than 20 states reaching record levels of new infections, and President Donald Trump’s chief of staff said the U.S. is ‘not going to control the pandemic.’
11:18 a.m. Oct. 19, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 40 million; White House task force reported to be hive of infighting over new adviser White House Task Force beset by internal strife over adviser who is spreading misinformation, says Washington PostThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 40 million on Monday, as new infections continued to rise in Europe and the U.S. and experts warned the pandemic could worsen during the cold winter months.
10:45 a.m. Oct. 14, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 216,000 as Midwest and Mountain West cases start to stretch hospital capacity In the last seven days, 16 states have added more new cases than at any other time since the beginning of the pandemic The U.S. death toll from the coronavirus illness COVID-19 rose above 216,000 on Wednesday, driven by a spike in new cases in the Midwest and Mountain West that are starting to fill hospital beds and squeeze health-care systems.
9:56 a.m. Oct. 13, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 215,000 as Trump resumes campaign rallies even as doctors warn the test providing his negative results is not suited to that purpose ‘[Trump] should be adhering to guidelines, and they are trying to concoct a narrative to justify why he’s out there, and it’s wrong,’ says Dr. Vin GuptaThe U.S. death toll from the coronavirus-borne illness COVID-19 climbed above 215,000 on Tuesday, after President Donald Trump returned to the campaign trail with a rally in Florida late Monday, at which he again claimed to be “immune” to the virus.
11:05 a.m. Oct. 8, 2020 - By Ciara Linnane
Coronavirus update: New England Journal of Medicine says Trump should be voted out over pandemic management as U.S. death toll tops 212,000 ‘When it comes to the response to the largest public health crisis of our time, our current political leaders have demonstrated that they are dangerously incompetent,’ say editors of prestigious medical journalThe U.S. death toll from the coronavirus illness COVID-19 moved above 212,000 on Thursday, as the editors of the prestigious New England Journal of Medicine sharply criticized the Trump administration’s handling of the pandemic.
11:09 a.m. Oct. 7, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 211,000 as doctors caution that Trump is entering a key phase in his diagnosis White House adviser Stephen Miller is latest to test positive for coronavirusThe U.S. death toll from the coronavirus illness COVID-19 edged above 211,000 on Wednesday, as doctors and medical experts said President Donald Trump is entering a key phase in the illness which can take a turn for the worse seven to 10 days into the onset of symptoms.
10:54 a.m. Oct. 4, 2020 - By Ciara Linnane
Coronavirus update: Expert calls for ‘radical transparency’ on Trump’s coronavirus treatment and progress as more in president’s circle test positive Public must have regular updates on Trump’s health from his doctors, and not White House staff, says Dr. Ashish JhaThe number of confirmed U.S. cases of the coronavirus that causes COVID-19 rose to 7.4 million on Sunday and now includes President Donald Trump and first lady Melania and at least eight others in their circle, with more people expected to test positive from a Rose Garden event last weekend and others over the past week.
11:21 a.m. Oct. 1, 2020 - By Ciara Linnane
Coronavirus update: Global case tally above 34 million — with U.S. accounting for a fifth — as Dr. Fauci hits back at Trump’s mask claim White House has been encouraging states to enforce face-mask mandates, report says, even as Trump and Pence appear without themThe number of confirmed cases of the coronavirus that causes COVID-19 worldwide rose above 34 million on Thursday with the U.S. accounting for about a fifth of that total, as Dr. Anthony Fauci hit back at claims made by President Donald Trump during Tuesday’s presidential debate on face masks.
9:20 a.m. Sept. 30, 2020 - By Ciara Linnane
Coronavirus update: Group of ex-FDA commissioners slam political interference at FDA and CDC; U.S. death toll tops 206,000 Slovakia, Ukraine and Romania see record one-day case tallies and New York will fine people who refuse to wear masksThe global death toll from the coronavirus-borne illness COVID-19 climbed to 1.009 million on Wednesday, while the U.S. death toll rose above 206,000, and the first presidential debate found President Donald Trump again blaming China for the outbreak, while opponent Democrat Joe Biden slammed Trump’s handling of the crisis.
10:29 a.m. Sept. 28, 2020 - By Ciara Linnane
Coronavirus update: Global death toll inches toward 1 million as hot spots emerge in India, Europe, South America and Israel U.S. confirmed cases top 7 million as President Trump gears up for update on testing strategy; CDC head says new task force member is spreading misinformation, NBC reportsThe global death toll from the coronavirus that causes COVID-19 edged closer to a million on Monday, and India marked the grim milestone of more than six million confirmed cases, placing it second to the U.S. by case numbers.
9:16 a.m. Sept. 18, 2020 - By Lina Saigol
How this Nasdaq-U.K.-listed Chinese biotech is revolutionizing cancer treatment Biotech company Chi-Med could list in Hong Kong as soon as 2021Chi-Med has been granted three U.S. Food and Drug Administration Fast Track Designations for its cancer drugs.
11:05 a.m. Sept. 17, 2020 - By Ciara Linnane
Coronavirus update: Global cases near 30 million; Trump contradicts CDC head on vaccine timetable and again derides face masks WHO official says it’s important to have ‘consistent messaging’ on pandemic from all public officials The number of confirmed cases of the coronavirus that causes COVID-19 worldwide continued to head toward 30 million on Thursday, and the U.S. case tally climbed above 6.6 million, as President Donald Trump contradicted the head of the main U.S. public health agency to insist a vaccine would be ready in weeks.
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