Former FDA chief still sees “widespread” in the United States

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Health experts and asset markets are closely watching the reopening of their US economies. Prime Minister Boris Johnson returns to work Monday after recovering from the virus, delivering sober speeches close to 3 million global cases, with about a third of those in the United States across the Atlantic on the progress of the nation in the fight against the Covid Epidemic19.

This is CNBC’s live blog covering all the latest news on the coronavirus epidemic. All times below are Eastern Time. This blog will be updated throughout the day as news becomes available.

  • Global cases: over 2.98 million
  • Deaths worldwide: at least 206,811
  • Case in the United States: more than 965,900
  • Deaths in the United States: at least 54,877

The above data was compiled by Johns Hopkins University.

8:11 a.m .: Regeneron and Sanofi halted part of their arthritis medication study

Rheumatoid arthritis drug manufactured by Regeneron and Sanofi has shown promise in treating the sickest coronavirus patients in a clinical trial, but has not been beneficial for patients with less advanced disease, which prompted companies to stop testing the drug in this group.

The drug, Kevzara, inhibits a pathway thought to contribute to lung inflammation in patients with the more severe forms of Covid-19.

Regeneron and Sanofi began clinical trials of the drug in Covid-19 patients in March after a small study in China suggested a benefit from a Roche drug, Actemra, inhibiting the same pathway, known as IL-6. —Meg Tirrell

7:21 a.m .: CDC extends official list of symptoms

The Centers for Disease Control and Prevention added six new symptoms of Covid-19 to its website as scientists collect more data on the coronavirus and that patients have “a wide range of symptoms,” the agency said on Friday. .

The previous list of symptoms included fever, cough, and shortness of breath or difficulty breathing. The CDC now says that chills, repeated tremors with chills, muscle pain, headache, sore throat and sudden loss of taste or smell are also common indicators of coronavirus. —Jasmine Kim

7:02 a.m .: Former FDA chief says there is still “widespread” in the United States

Even as states weigh in on lifting restrictions on social distancing, there is still a general spread of the virus across the country, former Food and Drug Administration commissioner Scott Gottlieb told CNBC.

“The reality is that there is still a pervasive spread of coronaviruses across the country,” he said on CNBC’s “Squawk Box”. “There are parts of the country, there are states where they have never really had a major epidemic and which certainly meet the criteria to start reopening certain aspects of the economy. “

About five states meet the White House criteria for the necessary level of “lasting reduction” of new cases before the restrictions can be lifted, Gottlieb said. He did not say what these five states are, but added that the United States was reporting about 30,000 new cases every day and 2,000 new deaths. –Will feuer

Disclosure: Scott Gottlieb is a CNBC contributor and is a member of the boards of directors of Pfizer and the biotechnology company Illumina.

6:56 a.m. Adidas expects sales to drop 40% in second quarter

Adidas predicted sales will drop 40% in the second quarter as the impact of the coronavirus takes hold.

The German sportswear giant announced Monday a 19% drop in net sales for the first quarter of the previous year to 4.75 billion euros (5.16 billion dollars), while 70% of its stores around the world have closed following the Covid-19 pandemic.

Its first quarter net profit was 26 million euros, down 96% from the same period last year, and Adidas said that due to uncertainty over the duration of the store closings , it would not be able to offer an annual perspective at this time. –Elliot Smith

6:44 p.m .: VW resumes production at its largest car plant in Germany

Volkswagen has restarted production at its largest factory in Wolfsburg, Germany.

Production will start at 10-15% of capacity, VW said in a statement, rising to around 40% the following week. The first vehicle to be produced will be the Golf model, and the company said that “maximum health protection” has been put in place to protect employees.

Ralf Brandstatter, chief operating officer of the Volkswagen Passenger Cars brand, said in the VW press release that “the gradual resumption of production is an important signal for the workforce, dealers, suppliers and the economy in the broad sense ”. –Holly Ellyatt

6:20 am: Virus tarnishes annual Kings’ Day celebrations in the Netherlands

King Willem-Alexander of the Netherlands urged the public to stay home to celebrate the annual King’s Day celebrations, which celebrate the birthday of the monarch, instead of the usual massive street festivities.

“It promises to be a single king’s day, and mainly because I hope it will be the king’s last day at home. Try to make the most of it, “said the king on a live television broadcast, Reuters. reported.

King’s Day normally attracts millions of people to street parties and music festivals in Amsterdam and across the country, but the coronavirus forced the Dutch to stay at home due to foreclosure measures. –Holly Ellyatt

5:51 am: China denies spread of viral misinformation following EU report

The Chinese Foreign Ministry has denied allegations that Beijing is spreading misinformation about the coronavirus.

“China is opposed to the creation and dissemination of disinformation by anyone or any organization. China is a victim of misinformation, not an initiator, “Foreign Ministry spokesman Geng Shuang said on Monday in a regular press briefing, Reuters reported.

The denial comes after an EU report last week, there was evidence that state-backed governments, including China and Russia, were responsible for spreading disinformation about the virus. –Holly Ellyatt

5:10 a.m .: daily death toll in Spain increases slightly

RT: Mortuary workers wearing protective gear are seen at the funeral home in San Juan de la Cruz, amid the epidemic of coronavirus disease (COVID-19) in Segovia, Spain, April 23, 2020.

Susana Vera | REUTERS

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