Month: May 2020

As demonstrations erupted in major U.S. cities across the nation in response to the death of unarmed black man George Floyd, peaceful protests turned ugly as demonstrators set fires, looted stores and clashed with riot police. The destruction prompted Los Angeles to suspend coronavirus testing Saturday afternoon due to safety concerns. “We have been notified that
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President Donald Trump announced Friday that he is “terminating” the country’s relationship with the World Health Organization after repeatedly criticizing the group for its response to the coronavirus crisis and accusing the agency of being “China-centric.” Trump’s strained relationship with the WHO could bring complications as scientists around the world race for a Covid-19 cure
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States across the U.S. continue to chart their own paths forward, trying to thread the needle between public health concerns and efforts to restart the economy amid mass unemployment. Another 2.1 million people filed jobless claims over the past week while continuing claims, or those who have been collecting for at least two weeks, reached 21.05 million,
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Casinos could be a particularly high-risk area for spread of the coronavirus, former Food and Drug Administration Commissioner Dr. Scott Gottlieb said Thursday, as Las Vegas casinos prepare to reopen next week.  Nevada Gov. Steve Sisolak gave casinos the green light to reopen on June 4, and several, including Caesars Palace, Bellagio, MGM Grand and Wynn Resorts, have announced plans to
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Dr. Scott Gottlieb told CNBC on Wednesday that it is unlikely there will be widespread deployment of a coronavirus vaccine this year.  “I think we’ll have to have one more cycle of this virus in the fall, heading into the winter, before we get to a vaccine,” Gottlieb said on “Squawk Box.” “I really think a vaccine is
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Dominic Cummings, special advisor for Britain’s Prime Minister Boris Johnson, makes a statement at 10 Downing Street, following the outbreak of the coronavirus disease in London, Britain, May 25, 2020. Jonathan Brady/Pool via Reuters A political crisis is brewing in Britain after Prime Minister Boris Johnson’s closest aide defied calls to quit over an apparent
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Republican Gubernatorial-elect Ohio Attorney General Mike DeWine gives his victory speech after winning the Ohio gubernatorial race at the Ohio Republican Party’s election night party at the Sheraton Capitol Square on November 6, 2018 in Columbus, Ohio. Justin Merriman | Getty Images Ohio Republican Gov. Mike DeWine addressed the controversial debate on wearing masks Sunday,
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A man exercises at Gold’s Gym, one of the businesses that reopened after a shutdown to prevent the spread of the coronavirus disease (COVID-19) in Augusta, Georgia, April 26, 2020. Maranie Staab | Georgia Joe Cirulli has spent thousands of dollars in enhanced cleaning and sanitation practices for his chain of Florida gyms.  Cirulli, the
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1. Dow erases most losses after strong Walmart earnings Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will testify virtually before the Senate Banking Committee starting at 10 a.m. ET. It’s the first update to Congress required by the $2.2 trillion coronavirus rescue economic package approved in March. Senators are expected to question Powell
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.6 million Global deaths: At least 311,425 Most cases reported: United States (more than 1.4 million), Russia (272,042), United Kingdom, (241,461), Brazil (233,142) and Spain (230,698) The
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Dr. Scott Gottlieb told CNBC on Wednesday that he believes U.S. colleges could welcome students to campus in the fall, even as the coronavirus brings uncertainty about upcoming academic year.   “I think we’ll be in a position where we’re gonna give a try at opening schools, opening residential college campuses in the fall because I’m hopeful
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damircudic The overall financial and health impact of Covid-19 is unprecedented. However, while we can think of little else, we are also in the middle of a mental-health crisis. Millions of Americans are suffering in silence. They are sad and alone. They feel scared and hopeless. These feelings can become all-consuming and interfere with our
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The Food and Drug Administration over the weekend issued emergency use authorization for a rapid and cheap coronavirus test. The test may only be about 85% accurate, but it’s nonetheless a crucial step toward increasing the country’s ability to monitor for new coronavirus outbreaks, former FDA Commissioner Scott Gottlieb told CNBC.  Public health specialists have
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 3.93 million Global deaths: At least 276,860 Most cases reported: United States (1,283,846), Spain (222,857), Italy (217,185), United Kingdom (212,629), and Russia (187,859).  The data above was
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Migrant labourers stand in a queue for medical checkup after reaching quarantine center at their hometown Allahabad during Government imposed nationwide lockdown as a prventive measure against the COVID-19 corona virus in Allahabad, India on April 27, 2020. Ritesh Shukla | NurPhoto via Getty Images Global lockdown measures as a result of the coronavirus pandemic
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In this photo illustration Coronavirus tracking applications logos, Healthlynked Covid-19, Covid Symptom Tracker, Apple Covid-19, Covid-19 tracker, are seen displayed on a smartphone on April 10, 2020, in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Britain’s National Health Service (NHS) has started rolling out an app that aims to track the spread of
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People who have recovered from Covid-19 are “very likely” to be immune to the virus, according to the CEO of a Swiss pharmaceutical giant. Speaking to CNBC’s “Squawk Box Europe” on Monday, Severin Schwan, chief executive of Roche, said he believed those who had already had the coronavirus would now be immune to the illness
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