China’s coronavirus outbreak set a new record on Friday. Official data showed that nearly 1,400 people were dead and over 64,000 people were infected. Businesses and governments around the world tried to prevent the crisis from worsening.
The unprecedented virus has worried health officials about its potential to spread beyond China’s borders, despite ongoing quarantine and closure in affected Chinese provinces, where the vast majority of cases are located.
This week, markets were unsettled by an increase of nearly 15,000 cases, which distorted the growth of the coronavirus, the result of infections in Hubei Province that had not previously been reported. A number of quarantines, travel bans and canceled flights have helped curb the spread of the virus.
Sylvie Briand, director of infection risk management at the World Health Organization, tried to alleviate growing fears on Friday.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, global health authorities are looking for more access to The second largest economy in the world World that aids in studying the effects of the disease and formulating solutions The US government has criticized China's reporting methods, according to National Economic Council director Larry Kudlow on Thursday that the US is the one disappointed Given the lack of transparency that comes from Beijing. “data-reactid =” 19 “> However, global health authorities are seeking better access to the world’s second largest economy to study the effects of the disease and formulate solutions. The US government has been critical of Larry Kudlow, director of the National Economic Council, said on Thursday that the US was disappointed with the lack of transparency in Beijing.
On Friday, U.S. Department of Health Secretary Alex Azar told Yahoo Finance that the goal was to continue to be a global coalition of experts, including experts from the United States, in China.
Western doctors should “get transparent access to the data … (and) can’t just be locked up in a conference room and cleaned data handed over,” Azar said in an interview to “The First Trade.” “You really have to be at the laboratory table and work with scientists.”
<h2 class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "How the markets are doing“data-reactid =” 33 “>How the markets are doing
<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wall Street collapsed suddenly on Thursday after a slump in China's number of cases – by almost 15,000 overnight – but The most important benchmarks remained almost unchanged shops on Friday lunchtime. Investors are still try to grasp the full extent of the outbreak, with China ‘s borders almost closed and multinational companies fleeing the country, “data-reactid =” 34 “> Wall Street slumped Thursday due to a sudden surge in case numbers in China – nearly 15,000 overnight – but the key benchmarks remained almost unchanged on Friday afternoon, and investors are still trying to do so to capture the full extent of the outbreak, with China’s borders almost closed and multinational corporations fleeing the country.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The markets have also started to offer biotech stocks that could be instrumental in the race for a coronavirus vaccine. Inovio (IN O) saw a boost Thursday Reports suggested A vaccine against the virus has already been developed. “data-reactid =” 35 “> Markets have also started bidding on stocks of biotech companies that may play a key role in the race for a coronavirus vaccine, and Inovio (INO) has reported an upswing on Thursday, according to reports Vaccine developed against the virus.
CEO Joseph Kim told Yahoo Finance that his San Diego laboratory was able to develop the vaccine hours after China released the coding-only genetic sequence of the virus, which is still in the testing phase. After the initial funding, the company hopes to be able to participate in human clinical trials by early summer – both in the United States and in China.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A similar technology to use the genetic sequence has been developed of a vaccine at the University of Brisbane in Australia, where scientists say they plan to do so a scalable product in 16 weeks. However, other experts say that vaccine development could take just as long than 18 months.“data-reactid =” 37 “> Similar technology using the genetic sequence has led to the development of a vaccine at the University of Brisbane in Australia, where scientists say they plan to have a scalable product in 16 weeks. Other experts say that vaccine development could take up to 18 months.
<h2 class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Around the world“data-reactid =” 38 “>Around the world
More than 1,700 health workers in China have been infected with the virus, which is more likely that protective equipment is becoming scarcer. Meanwhile, frontline workers are continuing to respond to the outbreak as delivery and diagnostic tools are scarce in China, Hong Kong and the surrounding region.
The World Health Organization has attempted to clarify the increase in cases in China, including a timeframe for the cases recorded and how they are used as confirmed cases. These steps come because the US is more critical of China’s handling of the crisis.
“Everyone has a right to their opinion,” said Michael Ryan, director of the emergency program at WHO, noting that US experts will be included in the international team that is set up to work in China.
Regardless, he noted the “tense political environment” that served as the background for the outbreak.
<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Anjalee Khemlani is a reporter for Yahoo Finance. Follow her on Twitter:@AnjKhem“data-reactid =” 48 “>Anjalee Khemlani is a reporter for Yahoo Finance. Follow her on Twitter: @AnjKhem
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