Pfizer Inc. CEO Albert Bourla said the company could find out by the end of October whether its vaccine is working. Russia has started production of a second vaccine which has not completed testing.
- Global Tracker: cases exceed 43.8 million; deaths exceed 1.16 million
- Slow recovery from Covid threatens healthcare industry as new cases rise
- Total push for vaccine in US increases risk of virus persisting
- European governments running out of options to avoid lockdowns
- Companies create technological tools to manage office reopens
- Vaccine Tracker: vaccine trials restart, giving hope
Subscribe for a daily virus update from Bloomberg’s Forecasting Team here. Click CVID on the terminal for global data on coronavirus cases and deaths.
El Paso hospitals fill with virus infected patients (5:30 p.m. NY)
More than 40% of hospital beds in El Paso, Texas are occupied with patients infected with the virus as the worsening outbreak in the state’s largest hotspot tested infrastructure health care center.
Just a week ago, the Covid-19 count at facilities in the El Paso area was below 25%, according to figures from the state’s health department. Federal and state agencies have opened field hospitals and deployed 1,000 nurses and other staff to help residents. Epidemics are also accelerating in Lubbock and Amarillo, where more than 20% of hospital beds are occupied by victims of the virus.
Statewide, hospitalizations have increased in seven of the past eight days and are now at levels not seen since late August. Texas hospitals were housing 5,512 patients infected with the virus on Tuesday, a 65% increase since the start of the month.
California Theme Parks Closed (5 p.m. NY)
California Governor Gavin Newsom has said he is hesitant to allow theme parks, including Disneyland, to reopen as coronavirus cases rise again across the world.
Walt Disney Co. and other theme park operators have been pushing the state for permission to resume operations, especially after parks in Florida resumed operations in June. But Newsom said on Tuesday that other states and countries that have been more permissive about reopening businesses are now experiencing a new wave of infections.
“Obviously we should be concerned about opening a big theme park, where by definition people mingle from every walk of life imaginable,” he said in an update. with journalists.
A trade group in the state’s theme park industry said parks had been safely opened elsewhere and there was no evidence of outbreaks traced to them.
Chicago, Denver Set New Limits (4:36 p.m. NY)
Chicago and Denver are among the cities tightening the rules in an attempt to stem a new epidemic.
Illinois will suspend indoor restaurant and bar service in Chicago starting Friday, according to Governor JB Pritzker. The region that includes Chicago “now averages more than twice as many Covid-related hospital admissions per day as a month ago, with a positivity rate that has nearly doubled since early October,” said Pritzker said in an emailed statement.
In Denver, Mayor Michael Hancock has ordered most businesses to limit capacity to 25%, effective immediately. Denver reported a single-day record of 327 news cases on Sunday. Colorado’s capital may re-impose stay-at-home orders, officials said.
France reports the most deaths since April (3:16 p.m. NY)
France has reported the highest number of Covid-19 deaths since April as President Emmanuel Macron prepares new measures to control the coronavirus.
Deaths linked to the virus jumped from 523 to 35,541, health officials reported. This is the biggest increase since April 22, before France’s lockdown ended in May, with data including several days of deaths in retirement homes.
Macron will hold a televised speech Wednesday evening to announce new initiatives to fight the second wave of the virus, his office said. Prime Minister Jean Castex plans to present new “vital” measures to both chambers of Parliament on Thursday.
Western States Join Vaccine Review Group (3 p.m. NY)
Washington, Oregon and Nevada have joined California’s initiative to review the safety and effectiveness of any vaccine approved by the FDA before distributing it to residents. States will identify public health experts to help guide the review, joining an 11-member panel announced last week by California Governor Gavin Newsom.
“Any Covid vaccine must be guided by the expertise of scientists and medical professionals and that is exactly what this task force will do,” Washington Governor Jay Inslee said in a statement.
As the safety of a vaccine has become a political issue, Newsom said last week that the group would review a vaccine regardless of the outcome of the presidential election.
The Flemish Region of Belgium closes cinemas and gymnasiums (2:35 p.m. NY)
Dutch-speaking Flanders has become the last Belgian region to tighten restrictions, ordering theaters, cinemas, gymnasiums and swimming pools to close from Friday for an indefinite period. Indoor sports are prohibited for all persons 12 years of age and over. Unlike the district of the Brussels capital and the French-speaking region of southern Wallonia, Flanders has not extended the national curfew which begins at midnight.
Bulgaria closes high schools and universities (1:40 p.m. NY)
Bulgaria is closing high schools and universities from Thursday, as well as nightclubs and bars, while further limiting the capacity of restaurants, conferences and theaters. The Balkan country, whose prime minister is recovering from Covid at home, has thus avoided national restrictions in the past two months, but reached a new record of death cases and intensive care patients on Tuesday, putting pressure on its unreformed health system.
Italy cases break record (1 p.m. NY)
Coronavirus cases in Italy hit a new daily record on Tuesday, rising to 21,994, from 17,012 the day before. Around 174,000 tests have been performed and 221 Covid-19-related deaths have been reported, bringing the total to 37.70. Patients in intensive care units increased by 127 to 1,411. Hospitalizations reached 15,366, from a peak of 29,000 in April
Most fatalities in UK since May (12:30 p.m. NY)
The UK has reported the highest number of new coronavirus deaths since the end of May, with public health officials warning that the number of deaths will continue to rise.
Some 367 new deaths were reported within 28 days of a positive test, up from 102 the day before. The death toll is often higher within two days of a weekend, but Tuesday’s figure is the highest as the country saw a second spike in cases.
Dr Yvonne Doyle, medical director of Public Health England, said she expects the death toll to continue to rise for some time in an emailed statement.
“Every day we see more people testing positive and hospital admissions increasing,” Doyle said.
Case Record in Greece (12h15 NY)
Greece reported 1,259 new cases of the coronavirus on Tuesday, the largest daily increase since the start of the pandemic, bringing the total to 32,752.
The country has recorded 12 more deaths from the virus in the past 24 hours, with the total death toll now standing at 593. The country on Saturday introduced new measures to control the spread of the virus, including a nighttime curfew, in high risk areas. as the capital Athens and the second largest city, Thessaloniki.
Greece’s Education Minister Niki Kerameus said on Tuesday that she tested positive for Covid-19 after her husband exhibited symptoms of the virus. He also tested positive. The minister said in a tweet that she had isolated herself.
Pfizer trial fails to reach key milestone (10:15 a.m. NY)
Pfizer Inc. has indicated that a large, late-stage trial of its investigational coronavirus vaccine has yet to reach a key milestone that will help researchers determine how well it protects people from Covid-19.
In a presentation attached to the third-quarter results on Tuesday, the drugmaker said the data watchdog of scientists overseeing the trial had yet to conduct an interim efficacy analysis. This means that fewer than 32 cases of Covid-19 have occurred among trial participants. The first of four efficacy analyzes should be performed when the trial reaches this threshold.
Pfizer has recruited more than 42,000 patients in its Covid-19 vaccine trial. Nearly 36,000 people received their second dose as of Oct. 26, the company said on Tuesday.
Netherlands Reports Record Cases, Boosts Aid (9:21 a.m. NY)
Finance Minister Wopke Hoekstra said the Dutch government made around 500 million euros ($ 592 million) in additional funds for state aid on the same day that a report showed the weekly cases reached a record.
The government will now allow all industries with businesses whose revenues have been ravaged by the pandemic to seek help paying for fixed costs such as rent. The new support also includes compensation for shuttered bars and restaurants for unusable inventory.
Merkel to push for tougher sidewalks (8:56 a.m. NY)
Germany is moving towards tougher restrictions on travel and contact. Chancellor Angela Merkel will propose measures such as closing restaurants and banning major events to the 16 prime ministers of the country’s states on Wednesday.
Unlike the previous lockdown in spring, every effort will be made to keep Europe’s largest economy running and schools and nurseries will remain open unless they are in areas with exceptionally high infection rates . German media reported the plans earlier on Tuesday.
© 2020 Bloomberg LP