The death toll from COVID-19 coronavirus disease rose more than 216,000 on Wednesday, due to a spike in new cases in the Midwest and Mountain West that are beginning to fill hospital beds and compress health systems.
In the past seven days, 16 states have added more new cases than at any other time since the pandemic began, according to the New York Times.
The Dakotas are reporting more new cases on a per capita basis than any state has done so far in the outbreak, and in Wisconsin, which is home to 10 of the nation’s top 20 metropolitan areas with the highest rates of new cases, a field hospital to the state fairground to increase capacity.
States that appeared to have kept the pandemic under control earlier this year, especially in the Northeast, are also seeing a new increase in cases.
The United States added 54,403 new cases on Tuesday, according to a New York Times tracker, and at least 826 people have died. Over the past week, the United States has recorded an average of 52,1
Experts are concerned about the pace of the new infection, coming as winter brings seasonal flu and encourages people to move their businesses indoors. They are also concerned that President Donald Trump’s renewed election campaign – Trump held a rally in Pennsylvania on Tuesday at the end, his second election rally in as many days – is sending the wrong message to Americans about the safety measures recommended by health experts. Trump administration like many Trump supporters are rallying closely without wearing face masks.
Dr. Stephen Sample, an emergency medicine specialist in Jasper, Indiana, said on MSNBC that he is glad Trump has recovered from his recent COVID-19 diagnosis, “but that’s not over for the vast majority of Americans. We’re not even close to being where we need to be, and he’s out at rallies and dancing like he’s Superman.
“He’s just setting the worst possible example. I was hoping he’d learn from his illness, but he clearly didn’t learn anything,” Sample said at anchor Brian Williams.
Not to be missed:The New England Journal of Medicine says Trump should be left out for managing the pandemic as the death toll in the United States exceeds 212,000
The United States has 4% of the world population but accounts for about 20% of global cases and more than 20% of global deaths, according to aggregate data from Johns Hopkins University. Data shows that the United States has 7.9 million confirmed cases out of 38.3 million worldwide and 216,278 out of 1.09 million deaths.
The Institute for Health Metrics and Evaluation, a research institution based at the University of Washington, expects the death toll in the United States to rise to 394,693 by February, based on current projection scenarios.
See also: When will the COVD-19 pandemic end? History offers a sobering message
In other news:
• It is not just the United States that is overwhelmed by a new wave of new COVID-19 cases. Russia reported a one-day record high of 14,231 new cases on Wednesday, pushing its total tally to 1.3 million, Reuters reported. At least 239 Russians have died in the past 24 hours, bringing the county’s death toll to 23,205.
Not to be missed:COVID-19 Vaccine Tracker: Everything You Need to Know About Companies with Candidates in Phase 1 or Later Phase Trials
• French President Emmanuel Macron will address his country later Wednesday and is expected to announce tougher measures to contain the spread of the virus, amid concerns that intensive care units in Paris will be full of COVID-19 patients as early as next year. week. France is seeing a sharp rise in new infections, setting a record Saturday when 26,896 new infections were identified, according to local media reports. Experts say a curfew is likely for the capital and other cities at risk of being overwhelmed by their hospitals. France had 798,257 confirmed cases of COVID-19, according to data from Johns Hopkins, and at least 32,982 Frenchmen have died.
• Iran reported a record 279 coronavirus deaths in the past 24 hours, according to the Guardian, the highest daily tally since February. Ministry spokesman Sima Sadat Lari told state television that 4,830 new cases had been identified in the last 24 hours, again a record that pushed the total number of cases to 513,219. Iranian health minister Saeed Namaki told state television that five cities will have travel restrictions for the next three days, including the capital Tehran.
• Crowds took to the streets in Liverpool on Tuesday to end, to dance, cheer, sing and hug each other ahead of the new coronavirus restrictions taking effect today. The measures will close all pubs and ban socializing with other families. In social media videos, crowds of mostly young people could be seen gathering, with a few wearing masks, sparking fear that the single event will lead to another wave of new cases.
Johns Hopkins data shows that 26.5 million people have recovered from COVID-19 since the outbreak began.
Brazil has the second highest number of victims with 150,998 and is third for cases with 5.1 million. India is second in cases with 7.2 million and third in deaths with 110,586.
See: Get ready for a “marathon” and two years of masks to fight COVID-19, says a famous Spanish virologist
Mexico has the fourth highest death toll with 84,420 and the ninth highest case count with 825,340. The UK has 43,245 deaths, the highest in Europe and the fifth highest in the world, and 657,455 cases.
To read: The second wave of coronavirus could delay Europe’s recovery: ECB president Lagarde
China, where the disease was first reported late last year, had 90,858 cases and 4,739 deaths, according to its official numbers.
What’s the latest medical news?
Eli Lilly & Co.
confirmed that a data safety monitoring committee has suspended enrollment in a clinical trial testing its investigational treatment with COVID-19 monoclonal antibodies in combination with Gilead Sciences Inc.
remdesivir, MarketWatch’s Jaimy Lee reported.
“Security is of the utmost importance,” a company spokesperson said in an email.
The New York Times first reported that the trial had been suspended due to security concerns. The study, sponsored by the National Institutes of Health, is testing Lilly’s monoclonal antibody treatment, LY-CoV555, in combination with remdesivir, an antiviral drug that has been shown to reduce recovery time in COVID-19 patients.
Read also:An experimental antibody treatment reduced viral load in some COVID-19 patients. This could also be a positive sign for vaccines
Lilly said last week that she submitted an emergency use authorization application to the Food and Drug Administration for LY-CoV555 as a standalone treatment based on data from a separate study evaluating investigational therapy in patients with mild symptoms. to moderate.
The pause is notable for two reasons. Lilly’s investigational antibody drug is similar to that of Regeneron Pharmaceuticals Inc.
experimental antibody treatment prescribed to Trump. It is also the third major clinical trial in this pandemic to be paused for safety reasons, which experts say is a common occurrence but likely under scrutiny given the lack of coronavirus treatment or prevention options.
Stat News reported Monday that Johnson & Johnson
had suspended its COVID-19 vaccine trial on an “unexplained disease” and AstraZeneca
United Kingdom: AZN
stopped a trial for its vaccine candidate in September for the same reason.
What do companies say?
• Asbury Automotive Inc.
expects third quarter earnings per share to range between $ 4.88 and $ 4.96. The Duluth, Georgia-based auto dealer said it expects adjusted EPS, not including a $ 24.7 million gain on a dealership sale, an acquisition cost of $ 1.3 million, and a $ 700,000 real estate charge, $ 4 to $ 4.08, well ahead of the $ 3.26 FactSet consensus. The company expects its store’s gross profit to rise from 6% to 7%. The company will post full earnings on October 27 before the market opens.
To read:The poll finds that Americans are more united than divided in wearing face masks
• Bank of America Corp.
reported third quarter profit that exceeded expectations, but revenues fell. Total revenues decreased 10.8% to $ 20.34 billion, missing the FactSet consensus of $ 20.8 billion, as the global markets, global banking and global wealth and investment management segments have missed expectations during the pandemic, while consumer banking exceeded forecasts. Interest income fell 16.9% to $ 10.13 billion, just below the FactSet consensus of $ 10.24 billion. Loan loss provisions increased to $ 1.39 billion from $ 779 million, but were below expectations by $ 1.88 billion.
• Dave & Buster’s Entertainment Inc.
offered a business update that showed comparable continued improvement in sales, although September was still down 62% as the pandemic continues to weigh. Comparable sales for the second quarter were down 87% and for the month of August the decline was 75%. As of October 4, Dave & Buster’s had reopened 98 of its 136 locations and the company had opened a new location. The September performance in the 81 comparable stores that Dave & Buster’s reopened was at an index of 65% compared to 2019.
• Goldman Sachs Group Inc.
reported a third quarter profit that rose well above expectations and revenues that exceeded forecasts. Total revenue increased 29.5% to $ 10.78 billion, above the FactSet consensus of $ 9.38 billion, as the annualized return on equity of 17.5% was the highest quarterly ROE since 2010. Investment banking revenue increased 7% to $ 1.97 billion, exceeding expectations of $ 1.85 billion, while global markets revenue increased 29% to $ 4.55 billion. Within global markets, equity revenues increased 10% to $ 2.05 billion, exceeding expectations of $ 2.03 billion, while fixed income, currency and commodity (FICC ) grew 49% to $ 2.50 billion, exceeding expectations of $ 2.03 billion. “The operating environment continued to recover during the third quarter of 2020 from the impact of the COVID-19 pandemic earlier in the year, as global economic activity rebounded significantly following a sharp decline in the second quarter. market volatility declined moderately and monetary and fiscal policy remained accommodative, “Goldman said in a statement.
• Restaurant Brands International Inc.
will offer $ 1 billion in guaranteed second tier 4.00% securities maturing in 2030, joining the many companies that issued record levels of debt during the pandemic. The company said it will use the proceeds along with cash to refinance the debt. The latter senior debt will be in addition to $ 1.4 billion issued starting October 5 and maturing in 2030. Restaurant Brands has $ 12.3 billion in long-term debt, according to its latest 10Q statement. Restaurant Brands’ program includes Burger King, Popeyes Louisiana Kitchen and Tim Hortons.
• Six Flags Entertainment Corp.
has “committed” to reducing its full-time workforce by around 240 employees, or 10%, as participation in its amusement parks is reduced during the pandemic and the end of the summer. Six Flags offers termination benefits to affected employees and “outplacement services,” the company said in a statement. Redundancy related costs are expected to be incurred of approximately $ 1.5 million in the third quarter and approximately $ 3 million in the fourth quarter.
• United Natural Foods Inc.
plans to offer $ 400 million in eight-year bonds, joining the many companies that raise record amounts of capital during the pandemic. The parent company of the brands, including Albert’s, Tony’s Fine Foods and Woodstock Farms, said the proceeds will be used to repay a portion of its term loan.
• Wells Fargo & Co.
reported a third quarter profit of less than half of last year and was below expectations, while revenues exceeded expectations. Net interest income fell to 2.13% from 2.66%, just below expectations of 2.19%. The loan loss provision was $ 556 million, down from $ 608 million a year ago and down from $ 3.38 billion in the second quarter, while the FactSet consensus was $ 1.79 billion. “Our top priority continues to be the implementation of our risk, control and regulatory work, but we are also taking targeted actions to improve the experience for our customers, customers, communities and employees,” said the CEO Delegate Charlie Scharf. “As we look ahead, the trajectory of the economic recovery remains unclear as the negative impact of COVID continues and further fiscal stimulus is uncertain, but we remain strong with our capital and liquidity levels well above regulatory lows.”
• Xenia Hotels & Resorts Inc.
offered an update on its activities during the pandemic, also announcing new amendments to some of its loans and unveiling a $ 150 million five-year bond deal. The Orlando, Florida REIT said 37 of its 38 hotels and resorts are open, after being closed during the pandemic, and is continuing to review the timing of its Hyatt Regency Portland reopening at the Oregon Convention Center. The company’s revenue per available room is expected to amount to $ 48.41 for all properties that operated through all or all of the third quarter. The company has introduced further changes to its corporate credit lines and increased commitments among other changes. The company expects to have approximately $ 450 million in cash once the proposed debt financing and debt repayment is complete, excluding proceeds from the sale of the Marriott Napa Valley Hotel & Spa which is expected to close by the end of October. Separately, it announced plans to offer $ 150 million worth of 6.375% notes that will mature in 2025.