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The U.S. hit a grim milestone this week, recording more than 1,500 deaths caused by Covid-19 on Wednesday, marking the deadliest day for the country since the end of May. White House coronavirus advisor Dr. Anthony Fauci told a National Geographic panel that he isn't "pleased with how things are going." We have more on the outbreak below, including updates on testing and vaccines.
| | Coronavirus testing 'crisis' skews drop in new cases | For the first time in months, the daily growth of coronavirus cases in the U.S. has steadily fallen over the past two weeks, giving some hope to U.S. officials who proclaimed there were "signs of progress" in Southern states that were hit particularly hard. But testing shortages in key states and other gaps in Covid-19 data call into question the accuracy of those numbers and whether the outbreak in the U.S. is really improving or whether cases are simply going undiagnosed, epidemiologists say.
-Will Feuer | | | | Ever wondered what it would be like to sign up for a Covid-19 vaccine trial? | We tracked down a Las Vegas resident in his mid-forties called Louis, who enrolled in the Moderna investigational vaccine trial several weeks ago. He decided to volunteer because a friend got sick from the coronavirus, and it hit him hard. He spoke out about his experiences and walked us through the process. He says he's worried his fellow Americans won't get vaccinated. "I know people who've been sick and I'm scared," he told us by phone. "I don't see this going away unless someone can come up with something to knock it down or slow it down."
-Chrissy Farr | | | | Here's how one biotech CEO figured out surveillance testing | It took a collaboration with a world-class genome research center, a health technology company on the other side of the country, and a whole lot of resourcefulness. Verve Therapeutics CEO Sek Kathiresan told us how he figured out surveillance testing to enable his employees to keep coming into the lab, as well as the researchers at now more than 50 other biotech companies.
-Meg Tirrell | | | | Russia has a coronavirus vaccine and scientists are worried | Scientists and public health officials were skeptical this week about Russian President Vladimir Putin's claim that the country's potential vaccine for the coronavirus "works quite effectively." Russian health officials cleared it before going through a critical phase three trial. CNBC's Jim Cramer called it Chernobyl II. "Would I be confident about the safety and effectiveness without a phase three? Absolutely not," Daniel Salmon, director of the Institute for Vaccine Safety at Johns Hopkins Bloomberg School of Public Health, told me. "It could be a major mistake. It could cause a lot of harm," said Dr. Paul Offit, director of the Vaccine Education Center at Children's Hospital of Philadelphia.
-Berkeley Lovelace Jr. | | | | U.S. claims 100 million doses of Moderna vaccine | President Donald Trump said the U.S. has struck a deal with Moderna for 100 million doses of its experimental coronavirus vaccine. The company separately said the deal is worth $1.53 billion and will give the federal government the option to purchase up to 400 million additional doses. Moderna is one of six companies the federal government has identified as having leading coronavirus vaccine candidates and has funnelled billions into their development as part of Operation Warp Speed. "The military is ready to go, they're ready to deliver a vaccine to Americans as soon as one is fully approved by the FDA and we're very close to that approval," Trump said.
-Noah Higgins-Dunn | | | | Kamala Harris says Trump failed to take virus 'seriously from the start' | Joe Biden's VP pick Sen. Kamala Harris blamed President Donald Trump for the severity of the outbreak in the U.S., saying Trump is "delusional" and failed to take the virus "seriously from the start." "His refusal to get testing up and running, his flip-flopping on social distancing and wearing masks, his delusional belief that he knows better than the experts — all of that is the reason and the reason an American dies of Covid-19 every 80 seconds," she said. Trump has repeatedly blamed China for causing the pandemic and exacerbating it in the U.S., saying China early on hid the extent of its outbreak. Should be a fiery race this summer and fall.
-Berkeley Lovelace Jr., Noah Higgins-Dunn | | @Work Spotlight | September 23, 2020
Balancing Current Challenges with Future Opportunities
In today's uncertain business climate, there is a focus on cost containment to weather the storm, but also a need for executives position their organizations for future growth. The CNBC @Work CFO Spotlight will examine how top finance leaders are successfully striking this balance. We'll discuss: lessons learned during the current crisis that can be applied permanently; the strategies, data and automation tools that can be leveraged to help manage uncertainty and lead to a stronger post-crisis posture; how to effectively engage employees, customers, and investors; and much more.
Featuring Synchrony CEO Margaret Keane, Synchrony CFO Brian Wenzel and more. | |
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