Coronavirus update: 2.08 million confirmed cases worldwide, 138,487 deaths
The number of global cases of the coronavirus that causes COVID-19 moved further atop the 2 million mark on Thursday, as European leaders began to tentatively ease restrictions on movement and President Donald Trump promised guidelines for states on coming out of lockdown.
Cuomo also said restarting the economy of his state would happen in several phases, starting with most essential businesses and gradually adding. The real end of the pandemic will only come when a vaccine has been developed, said Cuomo, and it’s estimated that could take 12 to 18 months.There are now 2.08 million cases of COVID-19 globally, and 138,487 people have died, according to data aggregated by Johns Hopkins University. The U.S. has the most cases at 639,733 and the most deaths at 30,990.
In medical news, Inovio Pharmaceuticals Inc. INO, +6.86% received an additional $6.9 million to fund a Phase 1/2 clinical trial of its COVID-19 vaccine candidate in South Korea. The funding came from the Coalition for Epidemic Preparedness Innovations , an Oslo-based organization that has provided funding to vaccine makers during the pandemic. The trial will be conducted at the same time that a Phase 1 trial in the U.S. is already underway for the same vaccine candidate in the U.S.
• Outback Steakhouse parent Bloomin’ Brands Inc. BLMN, +2.35% has not terminated or furloughed any workers during the COVID-19 pandemic and has continued to pay hourly workers and offer them free meals. “We hope to be able to continue providing these benefits and will reassess our ability to do so every two weeks,” Chief Executive David Deno said in a statement. “In addition, I have suspended my salary, and the Board of Directors has suspended their cash retainers.
• Harley-Davidson Inc. HOG, -0.88% has furloughed most of its global production employees and is cutting salaries for most other salaried employees in the U.S. The salary cuts are in the order of 10% to 20%, with no merit increases for 2020. The company had about 5,000 employees in its motorcycles segment as of Dec. 31, with about 2,000 unionized employees at U.S. manufacturing facilities, while the financial services segment had about 600 employees.
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