The number of deaths from the coronavirus caused by COVID-19 exceeded 350,000 on Wednesday, as the World Health Organization said that the Americas were at the center of the pandemic after waves of infections in Brazil, Peru, Chile and others in the last days. .
“Now is not the time for countries to ease restrictions,” said Carissa Etienne, WHO director for the Americas and head of the Pan American Health Organization (PAHO), during a video conference. . as reported by The Guardian.
WHO officials are monitoring accelerated outbreaks in Central and South America, in countries like El Salvador, Guatemala and Nicaragua. The Americas now has more than 2.4 million cases of viruses and more than 143,000 people have died.
Brazil was particularly affected and its government was widely criticized for its management of the crisis. A study from the University of Washington. estimates that the death toll in Brazil could reach 125,000 early August, from 24,512 now. Brazil has 391,222 confirmed cases, the second highest number in the world after the United States. United States
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President Donald Trump continued to mock presumed Democratic presidential candidate Joe Biden for wearing a face mask during a Memorial Day vacation ceremony in the United States on Monday, while Biden called Trump a “crazy” who “fanning” dead “by not leading by wearing masks.
“You are supposed to lead by example,” Biden said in an interview with CNN, as reported by the Associated Press. The former vice president also noted that the virus had killed nearly 100,000 Americans and suggested that up to half of these deaths were preventable, but due to Trump’s “lack of attention and ego” .
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His comments come after many Americans have gone to beaches and parks over the weekend, ignoring social distancing and other guidelines that public health experts say remain essential to control the spread of the disease. virus.
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Wearing a face mask was taken The cultural wars that are brewing in the USA. United States among those who refuse to comply with security measures and even claim that the pandemic is not real, and those who respect the guidelines.
Dr. Anthony Fauci, the country’s leading infectious disease expert, told CNN that he wears a mask in public both to protect himself and others and to encourage the general public to follow his example.
“I want it to be a symbol for people to see that this is the kind of thing you should do,” said Fauci in an interview. Knowledgeable people who “play outside” that the spreading effect will only be visible in two, three weeks or more.
Latest accounts
There are now 5.62 million confirmed cases of COVID-19 worldwide and 351,146 people have died, according to data added by Johns Hopkins University.
At least 2.3 million people have recovered.
The United States now has 1.68 million cases, according to the data, and the highest death rate in the world with 98,933.
Russia has 370,680 cases and 3,968 deaths. The UK has 266,602 cases and 37,130 deaths, the highest number of deaths in Europe and the second highest in the world after the United States. United States
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Spain has 236 259 cases and 27 117 deaths, while Italy 230 2305 cases and 32 955 deaths.
France has 182,847 cases and 28,533 deaths, while Germany has 181,524 cases and 8,408 deaths.
Turkey has 158,762 cases and 4,397 deaths and India 153,304,304 cases and 4,367 deaths. Iran has 141,591 cases and 7,564 deaths.
Peru has 129,751 cases and 3,788 deaths. Canada comes next with 88,093 cases and 6,753 deaths. China, where the disease was first reported at the end of last year, has 84,103 cases and 4,638 deaths.
New York remains the epicenter of the United States. United States With 368,669 cases and 29,241 deaths, according to a New York Times tracker.
In other news, Spain has declared a 10-day mourning period for their deaths, starting on Wednesday.
New Zealand reported a fifth consecutive day with no new infections and continues to move forward with the reopening. Germany has extended social distancing rules until June 29, while in Britain, Prime Minister Boris Johnson remains under pressure to fire councilor Dominic Cummings for failing to comply with the blockade measures.
There has been bad news for South Korea and a healthy story for other countries that have tried to reopen after they appeared to have successfully contained the spread of the virus. South Korea announced an increase in new infections on Wednesday and said it could reimpose social distancing and other measures that had recently been lifted with the return of millions of children to school.
South Korea suffered 40 new cases overnight, its largest daily increase in nearly 50 days, the AP reported. All but four were in the densely populated area of Seoul, where officials are still working to track emissions from nightclubs, karaoke rooms and an e-commerce warehouse.
What are the latest medical news?
In medical news, the French government has banned the use of the antimalarial drug hydroxychloroquine in the treatment of COVID-19 cases, after two French advisory bodies and the WHO warned that the drug had proven dangerous in several studies, Agence France-Presse report.
The drug received emergency use authorization from the U.S. Food and Drug Administration in March, despite little evidence to suggest it is effective as a prophylactic. President Trump surprised observers last week when he said he was taking it as a precaution. The drug, approved for the treatment of lupus and rheumatoid arthritis, has been associated with an increased risk of death.
See also: With shortage of gowns and masks, researchers test drugs to prevent COVID-19 infections in healthcare workers
What are companies saying?
Company news showed a mix on Wednesday and again showed that the pandemic is creating winners and losers in different sectors. Papa John’s and Domino’s Pizza had strong sales, with orders to stay at home, while preppy clothing retailer Ralph Lauren suffered a sharp drop in sales when the stores closed.
Quibi, the new short format streaming service founded by showbiz legend Jeffrey Katzenberg and directed by Meg Whitman, former CEO of Hewlett Packard Enterprise Co.
HPE,
and eBay Inc.
EBAY
He is already having problems with advertisers, according to the Wall Street Journal.
The best advertisers, including Walmart Inc.
WMT
and PepsiCo Inc.
ENERGY,
They are asking to defer payments, after the service has operated less than expected, after having launched itself in the middle of the pandemic.
Elsewhere, companies have continued to raise funds by issuing bonds and convertible bonds and offering updates on how they plan to resume operations.
Here are the latest things companies said about COVID-19:
• Sundar Pichai, CEO of the parent company of Google Alphabet Inc.
GOOGL,
GOOG,
He writes July 6 as the date for reopening the offices of employees who decide to return, according to a note he sent to employees. The initial wave would use around 10% of construction capacity, with a target of 30% in September. Those who want to continue working from home can spend up to $ 1,000 on equipment and furniture, Pichai told employees in a note Tuesday. “Assuming the outside conditions allow it, we will start opening more buildings in more cities,” a Google spokesperson said, citing Pichai’s note to employees. “This will give Googlers who must return to the office or, if capacity allows, those who want to return, the possibility of returning on a limited and rotating basis (think: one day every two weeks, around 10% of construction Occupation).”
• Apple Inc.
AAPL
will reopen dozens of stores in the United States as more and more regions begin to lift restrictions on business operations amid the COVID-19 epidemic. Apple is reopening certain stores in Arizona, California, Florida, Georgia, Indiana, Kansas, Kentucky, Michigan, Missouri, Nevada, New Mexico, New York, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Wisconsin. Some stores will only be open for sidewalk pickup or storefront service, while others will allow walk-in customers / Apple was one of the first retailers to announce store closings outside of China when it made this decision in mid-2018. March.
• Union workers at Boeing Co.
LICENSED IN LETTERS,
They are preparing for major job cuts that will be announced this week, according to reports. Quoting union leaders, the Puget Sound Business Journal,Reuters and Bloomberg News All have indicated that deep cuts will be announced in the coming days, mainly in Washington and California. Some 1,300 unionized workers have reportedly already applied for the voluntary purchase. The Puget Sound Business Journal reported that 15-20% of white collar engineer jobs can be cut in the Seattle and southern California area.
• Domino’s Pizza Inc.
DPZ,
We have seen an increase in sales in the United States. United States between the end of March and mid-May, the closure orders having detained most of the American residents. United States at home in an effort to stop the spread of the coronavirus. Preliminary sales results for the first eight weeks of the second quarter showed a 14% increase in sales at the same US store. United States, the company said in a trade update. Sales in the United States “accelerated significantly” in the latter part of those eight weeks, said Domino’s. “We are witnessing a downwind as consumer behavior in the restaurant industry has shifted to delivery and transportation, although we are not sure that this trend will continue for the rest of the second quarter or how long this wind will last. tail, “the company said. International sales “continue to be choppy” match or exceed US sales. United States In some areas and “dropping” in others due to local restrictions and store closings, Domino’s said. At the peak, around 2,400 stores were temporarily closed. Domino’s has close to $ 250 million in cash “to provide continued financial flexibility” during the pandemic. The company plans to release its second quarter results on July 16.
• The Hershey Co.
HSY
is planning a bond agreement to raise funds to pay part of its commercial paper program. The chocolate maker did not provide details on size or price.
• Keysight Technologies Inc.
KEYS,
a manufacturer of electronic test and measurement equipment and software, released second quarter financial results that did not meet Wall Street estimates. “While supply chain disruptions reduced our revenue performance during the second half of the quarter, which includes April, our results demonstrated the resilience of our operating model and sustainable cash generation while we are reaching a record $ 1.8 billion cash balance, “said Keysight CEO Ron. Nersesian said in a statement announcing the results.
• Papa John’s International Inc.
PZZA
Sales at the same North American store increased 26.9% between March 30 and April 26, and 33.5% between April 27 and May 24. “In May, for the second consecutive month, Papa John’s team members and franchisees had the best sales period in the history of the business,” said Rob Lynch, CEO of Papa John in a communicated. Papa John’s credits include features like contactless delivery and new menu items like Papadias for customer appeal. Of the company’s 2,100 international franchise stores, approximately 320 are temporarily closed in the Middle East, Latin America and Europe.
• Ralph Lauren Inc.
RL
posted higher than expected losses in the fourth quarter as revenues declined during the pandemic and protests in Hong Kong. Revenues in North America decreased 11% to $ 629 million and in Asia revenues decreased 22% to $ 214 million. Europe fell 19% to $ 353 million. Ralph Lauren ended fiscal 2020 with $ 2.1 billion in cash and investments and $ 1.2 billion in debt. The company withdrew $ 475 million from its global line of credit and took other action in response to COVID-19, including cutting CEO Patrice Louvet’s salary in half, eliminating director’s salary and bonuses creative Ralph Lauren and the suspension a “substantial part” of the employees of the store and the company.
• Silicon laboratories
SLAB,
He plans to offer $ 500 million of senior convertible notes due in 2025 as part of a private placement. The Austin, Texas-based company will use $ 310 million of the proceeds to repay an existing line of credit. Another tranche will be used to finance the redemption of outstanding 1,375% convertible bonds maturing in 2020.
• Tractor Supply Co.
TSCO,
He expects “record sales and profits” for his second quarter. The company said sales are increasing across channels, product categories and geographic regions, and online shopping is experiencing “substantial growth”. Tractor Supply forecasts sales growth between 24% and 29% and in-store growth between 20% and 25%. Gross profit “remains solid with the expansion of the gross margin expected for the second quarter,” he said. Operating expenses related to a pandemic in the second quarter are expected to be in the upper end of the company’s previous range, between $ 30 million and $ 50 million. Earnings per share ranged from $ 2.45 to $ 2.65. The company is expected to release its second quarter results on July 23. The outlook “demonstrates the potential for Tractor Supply to emerge stronger than before as we continue to gain market share and grow our business for the future,” said CEO Hal Lawton.
• Tuesday Morning Corp. stocks
TUESDAY
it collapsed after the retailer of discounted household products filed for bankruptcy, the prolonged store closings in the midst of the pandemic created an “insurmountable financial hurdle.” The company raised $ 100 million in debtor financing in possession to continue operations during bankruptcy. The company plans to close approximately 230 of its 687 stores in total, or 33%, as part of the reorganization. Tuesday Morning initially closed all of its stores due to the pandemic, but reopened approximately 80% of the stores and more than 7,300 employees returned to work.
• The one with Walt Disney Co.
DIS
Disney World Resort executives will present a proposal to officials in Orange County, Florida on Wednesday with the company’s plan for a “gradual reopening” of its theme parks in the region. Disney will present the plan at a meeting of the Orange County Economic Recovery Task Force.
Flooring resumes on the New York Stock Exchange
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