The U.S. death toll from the coronavirus that causes COVID-19 rose above 85,000 on Friday, as new outbreaks were reported from states where stay-at-home orders are set to expire and ones that never imposed them.
The U.S. death toll from the coronavirus that causes COVID-19 rose above 86,000 on Friday, as new outbreaks were reported in states where stay-at-home orders are set to expire and others that never imposed them.
“We have more cases than anybody in the world, but why? Because we do more testing,” Trump said in comments to workers at an Owens & Minor Inc. OMI, -2.14% medical-supply plant in Allentown, Pa. “When you test, you have a case. When you test, you find something is wrong with people. If we didn’t do any testing, we would have very few cases. They [the media] don’t want to write that. It’s common sense. We test much more.” iframe.
There was more bad news from the U.S. Food and Drug Administration, which said late Thursday that it is investigating preliminary data suggesting Abbot Laboratories ABT, -2.05% 15-minute test can miss COVID-19 cases, falsely clearing patients of infection, as the Associated Press reported. The test is used daily at the White House to test President Donald Trump and key members of his staff, including the coronavirus task force.Abbott Labs said Friday that it stands by the test.
Hydroxychloroquine is approved by the Food and Drug Administration to treat malaria, lupus, and rheumatoid arthritis; azithromycin is a commonly prescribed antibiotic. The FDA in March granted an emergency-use authorization to hydroxychloroquine and chloroquine as COVID-19 treatments. More recently, the regulator authorized Gilead Sciences Inc.’s GILD, -1.25% remdesivir as a COVID-19 treatment; however, there are no proven, FDA-approved therapies that treat the disease.
Hologic Inc. HOLX, +1.01% received its second emergency-use authorization, or EUA, for a COVID-19 test from the FDA on Friday. Hologic expects to produce an average of a million tests a week. Funding from the Biomedical Advanced Research and Development Authority was used to develop the test. The company previously received an EUA for a molecular COVID-19 test in mid-March.
The New York Fed’s Empire State business conditions index rose 29.7 points to -48.5 in May, the regional Fed bank said Friday. This was the second lowest reading on record. Economists had expected a reading of -65, according to a survey by Econoday. Any reading below zero indicates deteriorating conditions.Consumer sentiment improved slightly in early May after a two-month free fall, as some states began to reopen economies and stimulus checks began to arrive.
• Boeing Co. BA, -2.05% named Mike Delaney the head of the company’s “confident travel initiative to develop “new solutions to help minimize air travel health risks amid the COVID-19 pandemic and drive awareness of health safeguards already in place.” Delaney currently serves as vice president of digital transformation at Boeing’s commercial airplanes unit.
• Online-gambling and fantasy-sports company DraftKings Inc. DKNG, +15.48% posted a wider-than-expected loss for the first quarter and sales that lagged estimates as live sporting events were canceled due to the pandemic. The company, which went public in April via a blank-check company merger with a $6 billion valuation, said revenue jumped 30% despite the effects of COVID-19.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After Days Of No New Coronavirus Cases, New Zealand Reopens Most BusinessesAfter three days with no new coronavirus cases reported, New Zealand is allowing most businesses to reopen. The country has reported about 1,500 infections in total — and has tested over 200,000 people.
Read more »
Just 24 new cases of coronavirus a day in London, new research showsLondon could now have as few as 24 new coronavirus infections a day, new research from Cambridge University shows.
Read more »
New coronavirus case counts are going down in almost half of US statesIn 24 states, the number of new Covid-19 cases reported each day is generally going down, and in 17 states, the numbers are holding steady, according to an analysis of data from Johns Hopkins University. In 9 states, the number of new cases is still rising
Read more »
New Jersey's State-Run Veterans Homes Hit Hard By CoronavirusNearly 5,000 people have died from COVID-19 in long-term care facilities in New Jersey. Some of the worst outbreaks have occurred at two of the state's homes for veterans.
Read more »
In Britain, bumpy rollout for new coronavirus rulesBritish prime minister's call for 'common sense' in fighting coronavirus falls flat
Read more »