Coronavirus update: Russian cases spike; deadliest day yet for Brazil and Mexico
The number of global cases of COVID-19 rose above 4.28 million on Wednesday, as Russia counted another 10,000 infections and Brazil and Mexico suffered their deadliest day since the start of the pandemic.
Other countries that were first in lifting lockdowns after strict measures succeeded in containing the spread also reported new cases. South Korea is still working to contact people infected at nightclubs in a recent outbreak in the capital city Seoul, and the Chinese city of Jilin went into lockdown to contain a fresh cluster of cases, as Agence France-Presse reported.
The tables show the pandemic is spreading outside of those regions that were early hot spots, including in states that never imposed stay-at-home restrictions or are now pushing to relax them, as Trump has repeatedly urged them to do. Brazil has overtaken Germany by cases with 178,214 confirmed diagnoses and 12,461 fatalities. Germany has 173,369 cases and 7,780 deaths. Turkey has 141,475 cases and 3,894 deaths. Iran has 112,725 cases and 6,783 deaths. China, where the disease was first reported late last year, has 84,021 cases and 4,637 deaths.
The Food and Drug Administration recently granted an emergency authorization to remdesivir in the U.S. as a treatment for severely ill COVID-19 patients; it has also been approved in Japan. Neither nation is part of these manufacturing agreements. China also isn’t listed. A FEMA spokeswoman said the contract for 10 million N95 masks was canceled Tuesday “on the grounds of nondelivery.” FEMA has said it wouldn’t pay Panthera until the masks were delivered.
The rate of wholesale inflation in the past year also turned negative for the first time since 2015, tumbling to negative 1.2% in April from a small increase in March, the government said Wednesday. Just hours after a Wall Street Journal report revealed the talks, Rep. David Cicilline, a Democrat from Rhode Island, slammed the deal, which has support on Wall Street.
• The Container Store Group Inc. TCS, -18.31% expects fourth-fiscal-quarter sales of $241.3 million, down 4.7% from a year ago, mostly because of the pandemic. Same-store sales are expected to fall 3.6%. The quarter was tracking the company’s “expectations” until the last few weeks of the period, when store closures and other business disruption started. Analysts polled by FactSet expect fourth-quarter sales around $250 million.
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