Global coronavirus cases top 24 million
Worldwide Covid-19 infections exceeded 24 million as cases continued to climb in Europe and Asia, with Italy, France and South Korea reporting the most new infections in months. New U.S. testing guidelines drew criticism from state leaders and public-health experts, while a top Trump administration official defended the move, reports Bloomberg.
Moderna Inc. presented new safety data from an early trial that provides the first evidence that its vaccine stimulates the immune systems of older people. Abbott Laboratories won US clearance for a 15-minute Covid test that will be priced at just $5.
The World Economic Forum postponed its annual gathering of business and political leaders in the Swiss resort of Davos to early summer 2021. The European Union’s trade chief stepped down after growing criticism that he broke virus regulations in his native Ireland.
Japan Virus Jump Hitting Economy
Japanese Economy Minister Yasutoshi Nishimura said a jump in virus cases from July and heavy rains are dragging on the nation’s economy. He told a parliamentary committee the economy’s overall recovery trend is not yet back. Nishimura said on Wednesday a second wave of the virus now spreading in Japan is bigger than the one that caused the government to declare a state of emergency in April.