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Yahoo! BooksApr 09, 2020
Fauci Sees Far Fewer U.S. Deaths; More Fed Aid: Virus Update
(Bloomberg) -- Anthony Fauci, the top U.S. infectious-disease expert, said the final death toll from the virus may be lower than earlier estimated. As fatalities now slow in parts of Europe, they are still accelerating in the U.S., which is on track to overtake Italy.Stocks rallied after the Federal Reserve took steps to provide as much as $2.3 trillion in additional aid, even as Americans applied for jobless benefits in huge numbers again. Morgan Stanley Chief Executive Officer James Gorman said he had coronavirus and has recovered.Spain reported fewer virus-related deaths and is poised to extend a nationwide lockdown. Curbs are also likely to remain in Britain, where Prime Minister Boris Johnson continues to improve in intensive care. Tighter measures in Germany probably won't be necessary, Chancellor Angela Merkel said.Key Developments:Global cases top 1.5 million; deaths pass 89,900: Johns HopkinsSpain, Italy to extend lockdowns amid persistent rise in casesCostly CT scans filling virus testing void for U.S. doctorsUBS, Credit Suisse will split payouts for 2019 into two installmentsSouth Korea's CDC says virus may "reactivate" in cured patientsAfrica Has Chance to Contain Outbreak: WHO (10:40 a.m. NY)Much of the African continent still has a chance to contain the coronavirus pandemic, the World Health Organization said at its weekly Africa briefing. While a few African countries are experiencing a rapid increase in local transmissions, more than 30 nations can still prevent a larger outbreak by t
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