India recorded 6,654 new cases in the past 24 hours — the country’s biggest one-day surge in cases so far, said the Ministry of Health and Family Welfare on Saturday.
This raises the nationwide total to 125,101 cases and 3,720 deaths.
The western state of Maharashtra is the hardest hit in the country, with 44,582 cases and 1,517 deaths.
This comes as domestic flights resume in India. The government announced that domestic airlines would be able to resume services starting next week, though some states have said incoming passengers would still be subject to a mandatory 14-day quarantine.
The US reported 24,104 new cases of Covid-19 and 1,299 related deaths on Friday, according to Johns Hopkins University.
That brings the national total to at least 1,601,251 cases and 96,001 deaths.
The totals includes cases from all 50 states, the District of Columbia and other US territories, as well as repatriated cases.
New York is the worst-affected state, with at least 358,154 cases and 28,853 deaths. New Jersey, Illinois, and Massachusetts follow next.
China reported no new symptomatic coronavirus cases on Saturday, for the first time since the beginning of the outbreak in December.
There were 28 new asymptomatic cases, which are counted separately, the National Health Commission (NHC) said.
With no new deaths reported, China’s death toll stands at 4,634.
Of the 82,971 patients who have been confirmed with coronavirus since the outbreak began, 78,258 have since recovered and been discharged from hospital, the NHC said.
A man in the US state of Georgia is charged with defrauding his employer by falsely claiming he was infected with Covid-19, federal prosecutors say.
Santwon Antonio Davis, 34, of Morrow, a suburb of Atlanta, worked for a Fortune 500 company with a facility in the Atlanta area, according to a news release from the US attorney’s office in Atlanta.
He allegedly submitted a falsified medical record to the company, which then closed the facility for cleaning “in concern for its employees and customers,” and paid employees during the shutdown, the release says.
That cost the corporation more than $100,000 and forced the unnecessary quarantine of several other employees, according to the US attorney’s office.
“The defendant caused unnecessary economic loss to his employer and distress to his coworkers and their families,” US Attorney Byung J. Pak said.
An affidavit filed by an FBI agent said the company repeatedly contacted Davis in an effort to get a copy of a positive Covid-19 test but he never provided it. Davis has since admitted he did not have Covid-19, according to the US attorney’s office.
Read more here:
The car rental company Hertz filed for bankruptcy on Friday, becoming the latest victim of the sudden economic downturn sparked by the Covid-19 pandemic.
The company had missed an April 27 payment due to a group of lenders that leases vehicles in Hertz’s day-to-day US rental fleet. The lenders extended a grace period for the payment only until May 22.
By declaring bankruptcy, Hertz says it intends to stay in business while restructuring its debts and emerge a financially healthier company.
Some background: The company rents cars under the brands Hertz, Dollar, Thrifty and Firefly, a discount brand outside the United States.
Hertz has been devastated by the plunge in travel since the pandemic hit earlier this year. Nearly two-thirds of its revenue comes from rentals at airport locations, and air travel has fallen sharply.
The company has already made deep cuts to stem losses. Hertz cut 12,000 of its 38,000 employees in North America, while another 4,000 are on furloughs.
Hertz has been renting cars since 1918, when it first rented a dozen Ford Model Ts, and has survived the Great Depression, the virtual halt of US auto production during World War II, and numerous oil price shocks.
Researchers in China reported results from one of the first Covid-19 vaccine trials Friday, but experts who spoke to Bioreports were skeptical of their findings and called the data lukewarm.
In a study published in the medical journal The Lancet, researchers said their vaccine was well-tolerated and generated an immune response against the novel coronavirus.
The vaccine, developed by CanSino Biological Inc. and the Beijing Institute of Biotechnology, was tested in 108 healthy, uninfected adults aged 18 to 60 in Wuhan, China — the original ground zero of the pandemic.
All the participants received injections at low, middle or high doses, and no “serious” side effects were reported, researchers said.
Side effects: Still, almost half of vaccine recipients reported fever, with 44% reporting fatigue and 39% reporting a headache. Overall, 9% of patients reported side effects that were severe enough to have potentially “prevented activity.”
These side effects are “not a good safety sign,” said Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia.
Experts also suggested the vaccine did not elicit a strong immune response; all the doses, even the “low” dose, were actually very high, Offit said.
Read about the trial here:
Peru reported 2,929 new coronavirus cases on Friday, according to the country’s Health Ministry, taking the country’s total to 111,698.
The ministry also said 96 deaths had been reported in the past day, raising the national death toll to 3,244.
Peru has the second-highest number of confirmed Covid-19 cases in Latin America, behind Brazil.
Moderna’s stock price skyrocketed as much as 30% on Monday after the biotech company announced promising early results for its coronavirus vaccine. As ordinary investors piled in, two insiders were quietly heading for the exits.
Moderna’s chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday and Tuesday, SEC filings reviewed by Bioreports Business show.
The sales occurred after Moderna excited Wall Street before markets opened Monday by announcing encouraging vaccine trial results. Moderna’s market value swelled to $29 billion — even though the company has no marketed products.
After spiking to as high as $87 on Monday, Moderna’s stock price has since retreated below $70 as medical experts have debated the importance of the early findings.
The two executives: Lorence Kim, Moderna’s chief financial officer, exercised 241,000 options for $3 million on Monday, filings show. He then immediately sold them for $19.8 million, creating a profit of $16.8 million.
The next day, Tal Zaks, Moderna’s chief medical officer, spent $1.5 million to exercise options. He immediately sold the shares for $9.77 million, triggering a profit of $8.2 million.
The securities transactions were done through automated insider trading plans, known as 10b5-1 plans, that lay out future stock trades at set prices or on set dates.
Read more here:
If you’re just joining us, here are some of the biggest headlines from today:
- UK quarantine rule: Travelers arriving in the United Kingdom will be required to self-isolate for 14 days starting June 8, the government announced on Friday.
- Situation in Italy improves: The number of active Covid-19 cases in Italy dropped by 1,638 on Friday, taking the total to 59,322. The number of new daily deaths is also dropping.
- Spikes in Latin America: Brazil’s case count has surged past Russia, making it the country with the second-highest number of cases globally. Peru is extending its state of emergency until the end of June.
- Cases top 100,000 across Africa: There are more than 100,000 cases of coronavirus across Africa, with the virus having spread to every country in the continent, the World Health Organization said.
- Trump order on reopening churches: The US President announced his administration will deem places of worship “essential,” and threatened to “override” governors if their states did not follow the new federal recommendations. (He does not have the authority to do so.)
- The US could have a vaccine in December: In an interview with NPR, Dr. Anthony Fauci, the nation’s top infectious disease expert, said he was encouraged by the early results of a vaccine trial by biotech company Moderna.
- Investigation into coronavirus outbreak: The US called on the WHO to immediately begin work on an investigation into the source of the coronavirus outbreak and subsequent timeline of events.