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Right here’s what it’s worthwhile to know concerning the influence of Covid-19 to navigate the markets at the moment. • The worldwide complete for confirmed Covid-19 infections rose above 30 million on Friday. There are 6.7 million confirmed instances within the U.S. The world loss of life toll from the coronavirus rose to 946,490 Friday, with 197,644 deaths within the U.S., nearing the 200,000 mark. (full story right here)
• Democratic and Republican leaders of Congress count on to introduce a funding invoice on Friday to avert a shutdown of the federal authorities when the present fiscal yr ends on Sept. 30. The deal doesn’t embrace one other financial aid bundle, in accordance with a Wall Street Journal report. •
Delta Air Traces
has reached a tentative cope with with its pilots union to decrease the variety of deliberate pilot furloughs. The deal would scale back the furloughs by 220 to 1,721 pilots. A spokesman for the union advised Barron’s that the deal between the airline’s administration and the union’s negotiating committee will likely be reviewed by the union subsequent week. • A controversial set of testing tips posted on the Facilities for Illness Management and Prevention weren’t authored by the company and have been revealed regardless of objections of CDC scientists, the New York Occasions reported. The rules instructed individuals who have been uncovered to the virus however weren’t exhibiting signs to not be examined. • The U.S. Division of Commerce introduced a ban on companies permitting the downloading or updating of the WeChat or TikTok functions, starting on Sept. 20, with a ban on companies to allow using WeChat efficient the identical day, and the same ban on TikTok efficient on Nov. 12. (full story right here) • European journey stocks have been hit arduous on Friday as a second wave of Covid-19 infections accelerated within the area.
Dr. Hans Kluge
, regional director of the World Well being Group in Europe, mentioned that on a weekly foundation, new coronavirus infections “have exceeded those reported when the pandemic first peaked in Europe in March,” throughout a digital press convention late Thursday, in accordance with an NPR report. • Dr. Paul Offit, a pediatrician at Kids’s Hospital of Philadelphia and a co-inventor of the rotavirus vaccine, warned towards expectations that new Covid-19 vaccines would imply a fast finish to the disaster. In an interview with MarketWatch, he mentioned folks ought to count on to proceed to put on masks and keep their distance in public for a while, partly as a result of “you’re not going to have enough vaccine.” Write to editors@barrons.com
