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Google Business NewsJul 10, 2020
CDC: Covid-19 death toll is twice as high among people of color under age 65 as for white Americans - The Washington Post
CDC: Covid-19 death toll is twice as high among people of color under age 65 as for white Americans  The Washington PostCOVID-19 | Fight Coronavirus this Independence Day | #COVIDStopsWithMe  Centers for Disease Control and Prevention (CDC)CDC data reveal new racial disparity with COVID-19 deaths  Los Angeles TimesCoronavirus pandemic: Updates from around the world  CNNCDC adds runny nose, nausea to the growing list of COVID-19 symptoms 

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Researchers are launching a massive study to tell us how prevalent COVID-19 is in North Texas - The Dallas Morning News (Google Business News)

Google Business NewsJul 10, 2020
California to release another 8,000 inmates early due to coronavirus pandemic | TheHill - The Hill
California to release another 8,000 inmates early due to coronavirus pandemic | TheHill  The HillCalifornia could release up to 8,000 prisoners to prevent coronavirus spread, officials say  Fox NewsCalifornia to release up to 8,000 prisoners to curb spread of coronavirus  The GuardianCalifornia to release 8,000 prisoners amid coronavirus crisis  Los Angeles Times

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Coronavirus latest: US reports record increase in new coronavirus cases (FT.com - US)

KiplingerJul 10, 2020
Stock Market Today: Gilead Gives Stocks a Booster Shot
Gilead Sciences (GILD, 2.2%) once again helped inject a little life into stocks Friday with the help of its coronavirus treatment remdesivir.

The major indices appeared poised for losses in early trading amid another record surge in U.S. COVID-19 cases, as well as yesterday's comments from Treasury Secretary Steven Mnuchin indicating that the White House wants to cap unemployment benefits in the next round of coronavirus stimulus.

65 Best Dividend Stocks You Can Count On in 2020 However, Gilead announced that an analysis of previously released clinical trial data revealed an "important finding": namely, a 62% reduction in mortality risk in coronavirus patients compared to the current standard of care. 

The news was music to Wall Street's ears; financial stocks including JPMorgan Chase (JPM, 5.5%) and Goldman Sachs (GS, 4.5%) contributed to a 1.4% jump in the Dow Jones Industrial Average to 26,075. The S&P 500 finished 1.1% higher to 3,185, while the small-cap Russell 2000 jumped 1.7% to 1,422.

The Nasdaq Composite gained a more modest 0.6%, but that marked a third straight close at record


Google Business NewsJul 10, 2020
OHA anticipates testing material shortage with increase in coronavirus cases - KATU
OHA anticipates testing material shortage with increase in coronavirus cases  KATUOHA reports 275 new COVID-19 cases, warns of possible dramatic increases in Oregon  KPTV.comOHA asks people not to attend indoor gatherings of more than 10 people  KATUOregon expects ‘exponent

CNBC FinanceJul 10, 2020
Here's what happened to the stock market on Friday
Stocks got a jolt Friday as news about a potential coronavirus treatment increased hope for an economic recovery following the outbreak.

CNBC FinanceJul 10, 2020
Dow jumps 360 points on virus treatment hope, Netflix leads Nasdaq to another record
Stocks rose Friday as news about a potential coronavirus treatment increased hope for an economic recovery following the outbreak.

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Florida's COVID-19 cases near record levels as nationwide death toll rising again - NBC News (Google Business News)

Forbes HeadlinesJul 10, 2020
The Trade Deal May Be Dead, Trump Says China Relationship ‘Severely Damaged'
The coronavirus pandemic has derailed a phase two trade agreement, Trump said.

Yahoo BusinessJul 10, 2020
Texas Hospital Cases Soar; Masks Key in Melbourne: Virus Update
(Bloomberg) -- Texas hospitalizations topped 10,000 for the first time and California suffered its second-highest day of deaths. Florida's biggest county had a record number of patients in its intensive-care units.New York will allow limited visitors into nursing homes and long-term facilities for the first time in months. Overall U.S. cases rose 1.9%, matching the average daily rise over the past week.Gilead Sciences Inc.'s remdesivir treatment reduced the mortality risk for Covid-19 patients by 62% compared to standard care, a new analysis of trial data showed. Japan is trying to fix its contact-tracing app after it failed to register new cases. Mask-wearing will be critical to reopening Australia's Victoria state, officials said.Key Developments:Global Tracker: Cases top 12.4 million; deaths surpass 559,000Wuhan shows the world how economies may recover‘Back to the nightmare' as virus shuts Hong Kong schoolsTesting bottlenecks are keeping states from tamping down virusBillionaire's empire unexpectedly thrives in BrazilTrump school-reopening gambit stokes fresh concernSubscribe to a daily update on the virus from Bloomberg's Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Masks Key to Reopening Victoria (11:09 a.m. HK)Mask-wearing will be critical to reopening Australia's second-most populous state as it seeks to curb a second wave of infections, Victoria Premier Daniel Andrews said.Two million masks will be ordered and distributed to "priority groups," he said Saturday. The st

MarketWatchJul 10, 2020
Market Snapshot: Dow rises at end of the week as investors take stock of coronavirus recovery
U.S. stocks trade mostly higher Friday.

MarketWatch MarketPulseJul 10, 2020
U.S. oil futures finish higher, paring their loss for the week
U.S. oil futures climbed Friday, reducing their losses for the week even as the spread of the coronavirus pandemic continued to threaten a recovery in the economy. Crude prices got a boost for the session, in part due to the "upbeat COVID-19 vaccine and treatment news" and a softer dollar, but U.S. benchmark prices remain "anchored below the $41 level and will likely struggle for any major moves" until after next week's OPEC Joint Ministerial Monitoring Committee meeting, said Edward Moya, senior market analyst at Oanda. "The demand outlook risks warrant a discussion for OPEC to consider extending production cuts into August," he said, in a note. August West Texas Intermediate oil rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange. For the week, prices based on the front-month contract fell by 0.2%, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessJul 10, 2020
U.S. Airlines Cancel Hong Kong Flights Over Crew Testing
United Airlines Holdings, inc. (NASDAQ: UAL) and American Airlines Group Inc. (NASDAQ: AAL) have temporarily suspended flights to Hong Kong after the city imposed invasive COVID-19 testing on all arriving crew members.The first round of mandatory aircrew tests found four cases of infection, including three pilots working for Hong Kong Air Cargo, a unit of Hong Kong Airlines, who had just returned from Almaty in Kazakhstan, according to the South China Morning Post. Hong Kong health authorities tightened testing rules earlier this week after a 54-year-old cargo pilot tested positive for the coronavirus on July 4 following trips to Kazakhstan and Turkey. In response, United Airlines has canceled flights to-and-from Hong Kong through July 10 while it reassesses the situation. American Airlines pushed back resumption of flights, originally scheduled for July 9, until August 5, the Wall Street Journal reported. Last week United began operating five weekly flights between San Francisco and Hong Kong. On Monday said it would begin weekly flights from Chicago to the semi-autonomous city in September.KLM Royal Dutch Airlines (OTC: KLMR) also canceled an Amsterdam-Hong Kong flight on Wednesday to ensure it's crew didn't have to stay overnight and get tested, the South China Morning Post reported.The deep-throat saliva tests are intended to help contain a new local outbreak of the disease, but underscore challenges airlines face in trying to restart and sustain flight operations after global lockdowns that slowed air travel to a trickle. Air

MarketWatchJul 10, 2020
Futures Movers: Oil prices slide as IEA warns of coronavirus risk; Libya set to add to global crude supplies
Oil futures were headed lower on Friday as Libya fired up its energy production and as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided.

FT.com - USJul 10, 2020
IEA warns coronavirus ‘casting a shadow' over oil recovery
Global oil supply fell by 2.4m barrels a day in June to a nine-year low

CNBC BusinessJul 10, 2020
Coronavirus deaths tick up in Florida, Texas, California, Arizona as states grapple with growing outbreaks
"I think in the next week, the pattern of increasing deaths is going to become clear," Larry Levitt, executive vice president for health policy at the Kaiser Family Foundation, said.

MarketWatch MarketPulseJul 10, 2020
American Airlines could cancel some Boeing orders: WSJ
American Airlines Group Inc. is threatening to cancel some orders of the Boeing Co. 737 Max jet due to financing troubles, The Wall Street Journal reports. American Airlines ordered 17 of the planes for delivery this year, but has struggled to secure the money to pay for them. With travel halted for many consumers due to the coronavirus, airlines and other companies in the travel industry have been under pressure. United Airlines Holdings Inc. announced this week that it could furlough 36,000 workers in October due to diminished demand. American Airlines stock stock has plummeted more than 60% for the year to date. Boeing shares are down 46.3%. And the Dow Jones Industrial Average has slumped 9.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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American Airlines threatens to cancel some Boeing 737 MAX orders - WSJ (Yahoo Business)
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