WHO says reinfection is possible; Spain stabilizes: virus update

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(Bloomberg) –

There is no evidence that having the coronavirus protects patients from a second infection, said the World Health Organization. Cases worldwide have exceeded 2.8 million, with the United States now accounting for more than a quarter of all deaths after exceeding 50,000.

Deaths in Spain remained below 400 for a second day and Germany posted its lowest death rate in five days. Singapore experienced its smallest increase in cases in at least six days.

Key developments

Virus Tracker: 2.8 million cases; There is “no evidence” that people recovered from the disease are safe: WHOTrump’s riff on disinfectant shows the danger of improvised information sessions

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The Spanish dead under 400 for the second day (6:21 a.m. NY)

Spain has recorded fewer than 400 coronavirus deaths for the second day in a row, indicating that the epidemic may stabilize in the country as it grapples with the worst epidemic in Europe. Deaths increased by 378, for a total of 22,902, according to data from the Ministry of Health released on Saturday. That compares to an increase of 367 on Friday. This week, Spain partially relaxed one of the strictest bans in the world.

Latest figures on Iran (6 a.m. in New York)

The number of coronavirus victims in Iran has risen to 5,650 with 76 deaths overnight. The total number of cases has reached 89,328, while 1,134 others have tested positive for the virus since Friday.

The infection may not be immune, according to the WHO (4.30 p.m. HK)

According to the World Health Organization, catching Covid-19 once may not prevent you from taking it again. “There is currently no evidence that people who have recovered from Covid-19 and who have antibodies are protected from a second infection,” the UN agency said in an April 24 statement.

So-called immunity passports could lead holders to ignore public health guidelines and risk spreading the disease.

German deaths, slow cases (3 p.m. HK)

Deaths from the virus in Germany were the lowest in five days. Deaths rose from 148 to 5,723 in the next 24 hours on Saturday morning, less than the daily increase of 260 on Friday, according to data from Johns Hopkins University. There were 1,416 new cases, bringing the total to 154,545, the fourth highest in Europe.

Singapore has the smallest increase in almost a week (2:45 p.m. HK)

Singapore reported another 618 cases of coronavirus on Saturday at noon local time, the smallest increase in six days. The majority of infections remain among foreign workers residing in dormitories, while only seven are Singaporeans or permanent residents, the government said.

Thailand reports increase in migrant worker cases (2.30 p.m. HK)

Thailand reported 53 new cases of coronavirus on Saturday, the highest in more than two weeks, after a cluster of infections emerged among migrant workers detained in the south, spokesman for Covid-19 Center Taweesilp Witsanuyotin.

Of the new cases, 42 are “illegal” foreign workers, mainly from Myanmar, currently in a detention center in Songkhla province, Taweeslip said at a press conference on Saturday. The total reported increased after the government stepped up testing for the virus, he said.

The highest mortality rate in the world is in Belgium (2:15 p.m. HK)

Although there are only 11 million people, Belgium has reported more deaths from the disease than China. With 55 deaths per 100,000 population, it has the highest per capita mortality rate in the world – more than four times that of the United States.

Belgian officials say the reason for these gruesome numbers is not overcrowded hospitals – 43% of intensive care beds were vacant even at the height of the crisis – but the country’s bureaucratic harshness. Unlike many other countries, the headquarters of the main European Union institutions count deaths in nursing homes even if there is no confirmed infection.

India authorizes reopening of neighborhood stores (12:05 p.m. HK)

The Indian government is allowing small neighborhood stores to reopen, providing relief to residents after a month in the world’s biggest foreclosure that restricts 1.3 billion people.

The stores can deploy a maximum of 50% of their staff, all wearing masks and respecting the rules of social distancing, according to the order issued Friday evening by the Interior Ministry. The order includes stand-alone stores in housing complexes in municipal areas, while stores in market places in municipal areas and all shopping malls will remain closed until May 3.

Trump sued immigrant help file (11:40 a.m.KT)

Trump has been sued for a provision in the coronavirus rescue program that could deny 1,200 stimulus checks to more than a million Americans married to immigrants without a social security number.

The lawsuit was filed Friday by an Illinois man under the pseudonym John Doe, who seeks to represent everyone else in his position. Doe claims that an exclusion from the relief package discriminates against him “solely on the basis of the person with whom he has chosen to marry.”

Reopening of South Korean cinemas (10:30 a.m. HK)

Film buffs in South Korea will soon have more options. CJ CGV Co., a major cinema operator, has announced that it will reopen 36 theaters closed since the end of March, including in the capital Seoul and the city of Daegu, according to a statement on its website.

Although the company says it will always be difficult for most people to venture out to see a movie, it could boost the economy and help cafes and restaurants, according to a text message on Saturday. The theaters will open on April 29.

Gilead to expand market with Covid-19 study data (10:05 a.m.KT)

Gilead Sciences Inc., whose Covid-19 treatment has whipped markets amid conflicting earlier reports of its effectiveness, is expected to release the first results of a study sponsored by the investigational drug company.

Data from the first 400 critically ill coronavirus patients treated with remdesivir in an open study are expected before the end of next week. While not intended to provide a definitive answer on efficiency, the report is likely to again trigger wide swings in Gilead stocks and the market in general. Option prices show that investors expect a more than 9% change in the drug manufacturer’s stock price over the next week.

A mysterious epidemic develops on a cruise ship in Japan (8:55 a.m. HK)

Coronavirus cases mount among the crew on a passengerless cruise ship docked in Nagasaki, Japan, alarming local health officials just months after another major epidemic in their waters.

The number of infections confirmed by Covid-19 on the Costa Atlantica had climbed to 91 from 48 a day earlier, Nagasaki prefecture said.

Atlantica is operated by CSSC Carnival Cruise Shipping, a partnership between Carnival Corp. and the state-owned China State Shipbuilding Corp. The Chinese entity is the majority owner.

Cruise lines relieve themselves from Germany (8:45 a.m. HK)

After missing American emergency aid, Norwegian Cruise Line Holdings Ltd. and Royal Caribbean Cruises Ltd. benefit from a debt relief initiative from the German export credit agency, Euler Hermes Aktiengesellschaft.

Norwegian said the 12-month debt suspension – which applies to debt used to finance ships – would provide about $ 386 million in additional liquidity until April 2021. Royal Caribbean said it would add 250 million dollars through debt reduction agreements with Euler.

Air France-KLM obtains a $ 12 billion state rescue (8:05 a.m. HK)

Air France-KLM has become the last airline to obtain a state-sponsored bailout, with shareholders of the French and Dutch governments pledging up to 11 billion euros ($ 11.9 billion) in loans and guarantees to help him overcome the coronavirus pandemic that brought global air. Travel almost to a stop.

France has agreed to extend 4 billion euros in state-supported trade finance and 3 billion euros in direct public loans, Finance Minister Bruno Le Maire told TF1 television on Friday. The funds will be intended for the French branch, Air France, said the group in a press release.

Meanwhile, Japan Airlines Co. is seeking 300 billion yen ($ 2.8 billion) in funding from banks in anticipation of the impact of the coronavirus epidemic on travel, the Asahi daily reported without. quote nobody.

Dyson says UK no longer needs fans (6:44 HK)

The company owned by billionaire James Dyson will not supply the UK government with the medical ventilators it was developing because they are no longer needed.

Dyson Ltd. had spent £ 20 million ($ 25 million) on the project and will not be looking for government money to pay for it, the founder said in a statement. The company has not explained why the order, which it said last month was for 10,000 units of a prototype fan called CoVent, was canceled.

Small business rescue resumes Monday (4:40 p.m. NY)

The United States Small Business Administration will re-launch a government-sponsored coronavirus rescue loan program for small businesses on Monday morning with an additional $ 320 billion after the first round of funding was exhausted in just 13 days.

“We encourage all authorized lenders to process loan applications previously submitted by eligible borrowers and to disburse funds quickly,” said Treasury Secretary Steven Mnuchin and SBA administrator Jovita Carranza in a joint statement. .

Many small business owners were excluded from financial assistance after the launch of the paycheck protection program, launched on April 3 with an initial amount of $ 349 billion, in less than two weeks. Congress passed a relief bill that President Donald Trump signed on Friday with more funding for the program and a separate disaster loan and grant initiative whose funding also expired last week.

US cases increase 3.5% (4 p.m. NY)

Cases in the United States rose 3.5% from the previous day to 886,213, according to data compiled by Johns Hopkins University and Bloomberg News. This was higher than the 2.5% growth rate posted on Thursday, but lower than the average daily increase of 3.8% last week. Deaths reported in the past 24 hours increased 7.4% to 50,780.

New York cases rose 0.7%, according to data from Johns Hopkins and Bloomberg News. New Jersey has reported 3,047 new cases, pushing its total to 100,000, according to the state health department. The number of deaths increased by 253 to 5,617. Texas cases rose to 22,806, up 3.9% from Thursday, according to the state health and social services division . The 862 new cases represented the first daily decline this week.

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