Coronavirus update: death toll in the United States USA Exceeds 80,000; Trump defends administration record in irritable dealings with journalists

But critics say the federal government has delayed its approach to testing, the flaws in the first batches of tests prepared by the Centers for Disease Control and Prevention, and the failure to create a centralized testing system that can be implemented in general. the country has hampered the effort to contain the virus.

Joe Biden, the alleged Democratic presidential candidate, said in a Washington Post opinion piece The tests were insufficient on Monday and urged management to do more.

Nonprofit Accountable.US launched a website called WhereAreTheTests.com to highlight test failures. The website includes internal emails from organizations. Project of 50 open state registers, showing states struggling to get test supplies from the federal government.

"The Trump administration has mismanaged the most important part of the response to this public health crisis," said President Kyle Herrig in a statement. "Public health officials agree: without widespread testing, there is no way for states to reopen safely. We intend to expose the broken promise of this administration and the damaging impact that this lack of available evidence has across the county. "

Trump has lobbied states to reopen their economies, even though the number of cases continues to increase, which public health officials and governors say cannot be done in all security only with mass testing and contact tracing, a method that has worked well in South Korea and Germany.

See now:States begin reopening, ending coronavirus blockages: Michigan and Kentucky factories may reopen on Monday and parts of New York State on Friday

An example of the problem behind the shortage of evidence is found in Weld County, Colorado, where the chief of health resigned after being pressured by elected officials when he tried to persuade them to temporarily shut down a JBS meat packing plant. United States because workers had to get sick, as Matt Smith of MarketWatch reported.

Emails obtained through a series of requests under the Colorado Public Records Act show the agent requesting assistance with testing and other resources, all trying to get the factory to protect its employees. History offers a case study of the country's approach to the crisis, in which much of the responsibility for policymaking regarding the pandemic and managing the aftermath rests with public officials relatively low-level premises whose decisions often have national implications, Smith wrote

Watch: As Trump's White House tries to turn the page on the pandemic, Congress steps in to close the gap

Three key members of Trump's coronavirus task force have begun testifying before a Senate committee on pandemic management. Dr. Anthony Fauci, head of the National Institute of Allergies and Infectious Diseases, Dr. Robert Redfield, director of the Centers for Disease Control and Prevention, and Stephen Hahn, commissioner of the Food and Drug Administration, testify remotely after to have been forced. quarantined after exposure to infected White House workers.

Fauci should warn the Senate that the United States risks "unnecessary suffering and death" if the economy reopens too soon, The New York Times reported Monday evening.

Do not get lost: 3 questions to Anthony Fauci during his testimony on Capitol Hill

See live: Dr. Fauci testifies before the Senate health committee

Latest accounts

There are now 4.21 global cases of COVID-19 and 287,158 people have died, according to data added by Johns Hopkins University.

Over 1.46 million people have recovered.

The United States has the highest number of cases with 1.35 million and the highest number of deaths with 80,897.

Russia has overtaken Spain in number of cases after a further increase in infections. Russia now has 232,243 cases and 2,116 deaths. Spain leaves 227,436 dead and 26,744 dead. The UK has 224,332 cases and 32,141 deaths, the highest number of deaths in Europe.

Italy has 219,814 cases and 30,739 deaths. France has 177,547 cases and 26,646 deaths. Germany has 172,723 cases and 7,667 deaths.

Do not get lost:This graph shows the most open savings after coronavirus blocks

Brazil has 170,021 cases and 11,701 deaths. Turkey has 139,771 cases and 3,841 deaths. Iran has 110,767 cases and 6,733 deaths. China, where the disease was first reported at the end of last year, has 84,011 cases and 4,637 deaths.

New York remains the epicenter of the United States. USA With 342,267 cases and 27,003 deaths, according to a New York Times tracker.

What are the latest medical news?

There has been positive news for Novavax Inc. biotechnology
NVAX
+ 62.44%,
after receiving $ 384 million to develop its COVID-19 vaccine candidate. The award is presented by the Oslo-based Coalition for epidemic preparedness innovations for the development of NVX-CoV2373. The funds will be used for combined safety and efficacy testing of vaccines. The stock rose 54% on Tuesday.

Corporation of America Holdings Laboratory
LH
+ 0.48%

expanded its COVID-19 home test to the general public. The home test, which received emergency use clearance from the Food and Drug Administration on April 20, was initially made available to front-line workers. People who have been exposed to COVID-19 or who have symptoms of COVID-19 can take the sample at home using nasal swabs and then send it by mail to a laboratory.

Modern Inc.
MRNA
-1.59%

He said he had received an expedited designation from the Food and Drug Administration for his COVID-19 vaccine candidate. Moderna has completed the phase 1 clinical trial for the vaccine and said it is preparing for the intermediate stage trial, which will start "soon" and is expected to recruit up to 600 participants. .

See now:These 23 companies are working on treatments or vaccines against coronaviruses. This is where things are

What are companies saying?

Tesla Inc.
TSLA,
+ 3.25%

CEO Elon Musk continued his attack on California county officials by reopening its Fremont factory beyond the minimum operations allowed, as Claudia Assis of MarketWatch reported.

The factory is located in Alameda County, one of six counties in the San Francisco Bay area under a regional on-site shelter order that expires May 31.

County health officials said Monday evening that they learned that the factory had reopened beyond basic maintenance and that they had notified Tesla that it could only maintain minimal operations until an approved plan was established.

In a tweet, Musk said, "If someone is arrested, I ask that it be just me." Musk has protested the blockade and restrictive measures since they were imposed, calling them "fascists" in his recent call for profit and threatening to move the plant out of California this weekend.

The Fremont factory employs over 10,000 people.

CEO of Boeing Co.
LICENSED IN LETTERS,
-0.22%

He told NBC "Today" that a "major airline" was "likely" to close in the wake of the pandemic. David Calhoun said airlines will not have up to 25% more business in the fall and "maybe by the end of the summer ; year, we're approaching 50%. " He predicted that it would take three to five years for the industry to return to its pre-pandemic level.

The CEO of Restaurant Brands International Inc., father of Burger King, Tim Horton and Popeyes, described how the restaurant industry will need to adapt to the new standard. In an open letter, Jose Cil said that his company's restaurants would reopen with a range of public safety measures designed to protect COVID-19 staff and customers.

The company has introduced acrylic screens and contactless service in most restaurants, and maintains social distance through table signage to indicate which tables are open and which are reserved.

Elsewhere, companies continued to increase their liquidity by issuing bonds or convertible bonds, withdrawing financial guidance due to uncertainty and controlling costs and expenses to preserve cash.

Here are the latest things companies said about COVID-19:

• Arlo Technologies Inc.
ARLO
-16.06%

It beat Wall Street estimates, but the security camera maker released below-expectations due to COVID-19 outages. "While our supply chain and internal teams are largely in place, we are seeing disruptions in our distribution channels that are hampering our ability to serve our customers in the short term," said Matthew McRae, CEO of & Arlo. , in a press release. Arlo expects an adjusted loss of 46 cents to 39 cents per share of revenue from $ 50 million to $ 60 million for the second quarter, while analysts predict a loss of 31 cents per share of revenue from $ 70.7 million. The company releases its orientation for the year.

• Casper Sleep Inc.
CSPR,
-12.53%

posted a first quarter loss that was reduced, but not as much as expected, while revenues increased above expectations as the pandemic resulted in store closings but increased direct sales to consumers. To mitigate the effects of the pandemic, Casper has suspended or laid off approximately 80 employees, or 21% of its workforce, has started shutting down its European operations last month and anticipates that it will be almost complete by now. the end of the year. The company has observed "some favorable developments" in the results since the end of March, but added that there was no guarantee that this trend would continue. Given the uncertainty associated with the pandemic, Casper said he would not be providing financial advice for the entire year.

• Cloudflare Inc.
RED,
+ 4.12%

is offering $ 500 million of senior convertible notes due in 2025 in a private placement. The proceeds will be used to cover the cost of limited purchase transactions aimed at reducing the dilution of shares during conversion, as well as for general corporate purposes. The Notes will be convertible into cash, Class A common shares or a combination of the two.

• Eventbrite Inc.
EB,
-19.99%

said first quarter tax revenues and net profit that weren't met by Wall Street estimates. With the closure of all major live events due to COVID-19, the San Francisco-based company announced a 45% reduction in its 1,000 employees in early April. On Monday, Eventbrite secured up to $ 225 million in financing with Francisco Partners.

• Grocery Outlet Holding Corp.
COME,
+ 4.06%

It surpassed Wall Street expectations for adjusted quarterly profit and said that storage in the current quarter compensated for a drop in pedestrian traffic in the middle of the pandemic. Comparable store sales increased 17% compared to a 4.2% increase over the same period last year, the company said. So far in the current quarter, sales growth in the same store takes place in the middle of the year, thanks to "an increase in the average size of the basket partially offset by the decrease in traffic stores due to restrictions on an on-site shelter, "said Grocery Outlet." The impact of the COVID-19 situation remains fluid and therefore it is difficult to predict the impact of any changes restrictions on on-site shelters. "The company has not provided official profit forecasts, but has stated that its" liquidity position and performance remain strong, allowing us to continue investing in the pursuit of our long-term growth strategies ". •

• Hertz Global Holdings Inc.
HTZ,
-3.91%

reported a higher than expected first quarter loss, saying the results were "significantly affected by the COVID-19 pandemic". The year has started off well, said Kathryn V. Marinello, CEO of Hertz, in a statement. However, in just two months, the coronavirus epidemic has created a major trade disruption, with global demand for travel falling to near zero and the US used car market. USA It closed effectively. We immediately changed our business priorities to focus on employee and customer safety, mitigate expenses and preserve liquidity, ”he said. Hertz withdrew $ 595 million from a line of credit and ended the period with approximately $ 1 billion in cash and cash equivalents. Hertz would have hired advisers to guide him in his debt and before a possible bankruptcy.

• Hilton Grand Vacations Inc.
Heavy weights
-1.09%

has accepted an amendment to its $ 1 billion credit agreement to provide you with greater flexibility during the coronavirus pandemic. The amendment provides short-term commitment relief with changes to commitments related to financial sustainability, debt emergence, business investment and restricted payments. "This amendment provides significant short-term flexibility to mitigate the impact of the COVID-19 pandemic, protecting our ability to invest in the business and positioning us for recovery with wider permanent latitude in restrictive covenants, "said CFO Dan Mathewes in a statement.

• Ingersoll-Rand Inc.
Come on
-1.54%

announced lower-than-expected first-quarter profit as diversified industrial conglomerate accelerated synergy actions related to Gardner Denver Holdings Inc.'s acquisition of Ingersoll-Rand PLC's industrial operations which closed in February in light of the pandemic. The synergy actions have reduced costs from $ 80 million to $ 90 million, and the company plans to incur costs of $ 450 million. The company does not provide financial guidance for 2020 given the uncertainty of economic conditions following the pandemic.

• Lyft Inc.
LYFT
-1.46%

he plans to offer convertible debt of $ 650 million maturing in 2025. The notes will be convertible into cash, common shares of Lyft or a combination of the two, as chosen by Lyft. The interest rate and the conversion rate will be determined at the offer prices. The carpool company said it plans to use part of the proceeds from the offering for general purposes, including working capital and possible expenses and acquisitions.

• Match Group Inc.
MTCH
+ 0.83%

offers $ 500 million of senior notes due in 2028 in a private placement. The proceeds will be used to redeem 6.375% senior notes of the company due in 2024 and for general corporate purposes.

• Restaurant Brands International Inc.
QSR,
+ 2.83%

CEO José Cil said the Burger King, Tim Horton and Popeyes restaurants will reopen with a series of public safety measures designed to protect COVID-19 staff and customers. The company has introduced acrylic screens and contactless service in most restaurants, and maintains social distance through table signage to indicate which tables are open and which are reserved. "We will disinfect tables and chairs after each use and we will have a hand sanitizer in the dining room for our customers," Cil wrote in an open letter. “We have turned off our self-service soda fountains and offer drinks, additional condiments and trays from behind the counter. And we benefit from a business model within our restaurants that has minimal contact with anyone other than their friends and family with whom they are seated. "

• Zillow Group Inc.
Z
-6.67%

plans to raise $ 1 billion through stocks and convertible debt securities. The plans include an offer of $ 500 million in Class C common shares and $ 500 million in convertible notes due in 2025. The company plans to use the proceeds of the investments to repurchase a portion of 2 .00% of convertible maturities maturing in 2021. The senior notes will not be guaranteed and convertible into cash, category C shares or a combination of the two at the option of the holder, at prices to be determined at the price of & Offer.