The number of American cases of coronavirus responsible for COVID-19 surpassed 500,000 on Friday, while the death toll rose by more than 2,000 to overtake Italy and mark the deadliest day of the pandemic so far.
The number of cases in the United States is 506,188, with 19,701 deaths. At least 29,327 Americans have recovered.
Spain has the highest number of cases in Europe with 161,852 cases and 16,353 deaths. Italy has had fewer cases with 152,271, but the highest number of deaths in Europe, with 19,468. France has overtaken Germany in cases and deaths. France has 125,942 cases and 13,216 deaths, while Germany has 123,826 and 2,736 deaths.
China, where the virus was first reported at the end of last year, has recorded 83,014 cases and 3,343 deaths, although some have questioned the accuracy of these figures. The United Kingdom surpassed Iran in number of cases and deaths to 79,865 and 9,891 deaths. Iran has 70,029 cases and 4,357 deaths.
To add to the gloom, the death toll in the United States is likely underestimated, a Johns Hopkins researcher told The New York Times. Many coroners in remote areas do not have sufficient test kits to confirm cases, and deaths in February and March due to influenza could be due to COVID-19, the researcher said.
The number of day-to-day deaths in Spain has dropped from the previous day; it had increased at an average daily rate of 20% in mid-March. The Spanish parliament approved the government’s request to extend the current state of emergency for another two weeks, a second extension of two weeks.
Spain has been in a state of blockage since March 14. Prime Minister Pedro Sánchez has told lawmakers that he does not expect the crisis to end soon. “I am sure that in two weeks I will have to extend the state of emergency again,” he said.
In Italy, it is feared that the mafia will strengthen its local support by distributing free food to poor families quarantined and strapped for cash, reported Agence France-Presse. Organized crime groups also offer interest-free loans in exchange for future favors, according to anti-mafia author Roberto Saviano.
“If Europe does not intervene quickly, the multiplication of mafia money that is already found in Germany, France, Spain, the Netherlands and Belgium will be unrestrained,” said Saviano, author of the best -seller “Gomorrah,” Thursday told reporters.
In France, the police are stepping up controls to dissuade people from taking advantage of the sunny weather expected on Easter weekend and flouting social distances and other public safety rules, AFP said. At least 50 people aboard the French aircraft carrier Charles de Gaulle tested positive for Covid-19, officials said on Friday. The French Defense Ministry said the ship was heading to Toulon, its home port, earlier than expected.
See:Britons urged to stay indoors over Easter: “We must not give coronavirus a second chance to kill more people”
There was bad news from New York, the epicenter of the epidemic in the United States, when city workers began to bury victims of the virus in a potter’s field on Hart Island, a traditional resting place. for people who died in shortage or whose families could not afford burials.
The temporary measure comes as New York mortuaries are overwhelmed by the death toll, the New York Post reported.
New York Governor Andrew Cuomo told reporters at a daily briefing that 783 people died on Friday, over the 777 New Yorkers who died on Thursday. However, the average number of people hospitalized has declined over a three-day period, while the number of admissions to intensive care units has dropped to a record low 56 and intubation rates have also slowed.
“The good news is that the increase curve continues to flatten,” said Cuomo. “All the numbers are on a downward slope.”
New York’s death rate now stands at 8,627, more than three times the 2,753 lives lost in the September 11, 2001 terrorist attacks. But New York is far behind the estimates of experts who created models for predict the spread of the virus, which Cuomo says is due to the fact that New Yorkers obey movement restrictions and social distancing guidelines.
“To be fair to the experts, no one had come here before; there was no blueprint to follow, ”he said.
Economically, consumer prices fell 0.4% in March to mark their biggest drop in five years, according to data from the Labor Department.
President Donald Trump has said that his administration’s proposed rescue package for the airline industry could be unveiled this weekend. “I think it will be a very acceptable package. It’s a very big package, “said Trump at a White House media briefing on the coronavirus epidemic.
Airlines were particularly affected by the COVID-19 pandemic, as most passenger flights were grounded. The $ 2.3 trillion stimulus package approved last month includes roughly $ 32 billion in subsidies for airlines, airports and cargo operators.
In medical news, the Food and Drug Administration has issued emergency use approvals to blood purifiers manufactured by Terumo Corp.
and Marker Therapeutics Inc.
in response to the pandemic. Terumo is a Japanese manufacturer of medical devices. Marker is a clinical stage immuno-oncology company based in Houston.
A USA does not mean that the device has been approved by the FDA; this is an authorization granted in an emergency when there are no other treatment options available. The regulator said the devices can be used for adult patients with COVID-19 who are managed in an intensive care unit and have confirmed or impending respiratory failure to reduce the amount of cytokines in these patients. Some seriously ill COVID-19 patients have had “cytokine storms” which can lead to organ failure and death.
The company’s announcements slowed on Friday, as the financial markets were closed for the Good Friday holidays. But some companies have said they will report their results for the first quarter when the season starts next week and others have announced further salary cuts for executives.
See:How are stock markets and other asset exchanges affected by Good Friday? Easter Monday?
Also read: Actions Will See Their Coronavirus Crash Down, And Here’s When To Expect
Here’s what companies said about COVID-19 on Friday:
• 3M Co.
filed a lawsuit in Federal Court against Performance Supply LLC, alleging illegal prices and deceptive practices in the sale of N95 respirators. 3M alleges that the New Jersey company, which falsely claimed to be a subsidiary of 3M, had offered to sell $ 45 million of N95 masks in New York at prices six to seven times higher than 3M’s list price. Any damage recovered as a result of the lawsuit will be donated to non-profit organizations linked to COVID-19. 3M has not changed the prices of face masks since the COVID-19 epidemic.
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• Amazon.com Inc.
plans to test front-line workers and possibly all of its employees for COVID-19. “Regular global testing across all industries would contribute to both personal security and the recovery of the economy,” said a blog article. The online sales center has started assembling equipment to build its first laboratory. Amazon, which employs approximately 800,000 people worldwide, is hiring another 100,000 full-time and part-time employees in the United States to assist it with its distribution centers and delivery services.
• Advance Auto Parts Inc.
offers workers emergency compensation that includes paid additional sick leave of 80 hours for full-time workers and 44 hours for part-time workers to assist them during the pandemic. The aftermarket parts supplier also offers team members a grant of up to $ 300 to cover living expenses, such as child care costs. Advance Auto, based in Raleigh, North Carolina, offers customers curbside pickup and same day delivery via its mobile app. The company is reducing its capital spending for 2020 by 50%, withdrawing the financial guidelines for 2020 provided on February 18 and has suspended its share buyback program.
See:How The Fed Plans To Keep Credit, A Node Of The US Economy, Flowing To American Consumers During The Pandemic
• Kemper Corp.
will offer a 15% credit on April and May premiums to personal auto insurance holders. Customers with auto insurance in effect as of April 30 will receive a credit of 15% of their April premium in May, and those with auto insurance in force as of May 31 will receive a 15% credit in June. The credits will total $ 100 million and are subject to regulatory approval. A number of insurers have announced reimbursements because home-support practices have resulted in less driving and fewer accidents.
• Lear Corp.
implements a temporary salary deferral of 20% for all employees in the United States and Canada. Auto parts maker cuts CEO Ray Scott’s salary by 10% for the rest of 2020, and the salaries of other named senior executives will be cut by 5%.
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• ON Semiconductor Corp.
is laying off 475 employees as part of a cost saving measure. The chipmaker, which employs nearly 35,000 people worldwide, said that “the targeted cost reductions are structural in nature and should not affect the company’s ability to meet a significant recovery in demand” . Severance benefits are expected to be $ 43 to $ 47 million in the first and second quarters, with reductions saving approximately $ 65 to $ 70 million per year.
• Scotts Miracle-Gro Co.
is moving production to its Temecula, California plant to produce face shields for first responders to the coronavirus pandemic. The fertilizer, seed and nutrient producer in Marysville, Ohio plans to donate the first batch of 9,000 face shields to workers, including police and hospital staff, in Temecula, County of Nassau in New York and in New York State, the current epicenter of the US Hatching. The Temecula plant generally manufactures durable products such as lawn spreaders. “Our country is facing an unprecedented challenge,” said Jim Hagedorn, President and CEO, in a statement.
• Tapestry Inc., the brand of the Coach and Kate Spade brands
will extend store closings in North America and Europe by two weeks until April 24. The luxury retailer, whose brands also include Stuart Weitzman, said it would assess store closure decisions every two weeks. Employees of closed stores will receive compensation and benefits. In China, “almost all” of its stores have reopened, with results improving “slowly and steadily”, while in South Korea, all stores have resumed their normal operating hours. Most distribution stores remain open, only one in Malaysia and a third location in New Jersey temporarily closed.
• Textron Inc.
will delay the release of its first quarter results report by about a week until April 30.
The Securities and Exchange Commission said last month that it extended the reporting period for certain companies by 45 days, but none of the Dow Jones Industrial Average
components that responded to a MarketWatch survey said they would delay reporting.