1. Articles from cnbc.com

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    1. Trump Urges UN to Hold China Accountable COVID-19 Pandemic

      Trump Urges UN to Hold China Accountable COVID-19 Pandemic

      NEW YORK — President Donald Trump on Tuesday called on world leaders at the United Nations to "hold China accountable" for the coronavirus pandemic.

      Trump, a frequent critic of the U.N., slammed the Chinese government and the World Health Organization for the deadly virus and the social and economic fallout from the health crisis.

      "The Chinese government and the World Health Organization, which is virtually controlled by China, falsely declared that there was no evidence of human-to-human transmission. Later, they falsely said people without symptoms would not spread the disease," Trump said in a recorded speech from the White House. The WHO is a United Nations agency.

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      Mentions: Coronavirus
    2. Bill Gates Find the Waiting Period of COVID-19 Testing 'Outrageous'

      Bill Gates Find the Waiting Period of COVID-19 Testing 'Outrageous'

      Microsoft co-founder and global health philanthropist Bill Gates criticized the current state of the United States' response to the Covid-19 pandemic on Sunday, including slow turnaround times for tests.

      Gates told "Fox News Sunday" that the access to fast testing is still inadequate more than six months into the pandemic and that the U.S. was set up for a rough fall of virus cases. 

      "Even today, people don't get their results in 24 hours. It's outrageous that we still have that," Gates said.

      The United States has suffered more than 6.7 million confirmed cases of Covid-19, resulting in nearly 200,000 deaths, according to Johns Hopkins University. That puts the country with a much higher rate ...

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    3. Former Mike Pence Aid Slammed Trump Administration Over Coronavirus Pandemic

      Former Mike Pence Aid Slammed Trump Administration Over Coronavirus Pandemic

      A former aide to Vice President Mike Pence slammed the Trump administration's response to the coronavirus pandemic and said she will vote for Democratic presidential nominee Joe Biden as a result of her experience in the White House.

      Olivia Troye, who was Pence's leading aide on the White House's coronavirus task force, cut an ad for the group Republican Voters Against Trump in which she claimed the president cares about no one but himself.

      "Towards the middle of February, we knew it wasn't a matter of if Covid would become a big pandemic here in the United States, it was a matter of when," Troye says in the ad. "But the president didn't want to ...

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    4. WHO Doesn't Recommend 'Immunity Passport' Because Coronavirus Immunity Remains Questionable

      WHO Doesn't Recommend 'Immunity Passport' Because Coronavirus Immunity Remains Questionable

      A World Health Organization official said Wednesday that the international agency does not recommend countries issue so-called immunity passports for the coronavirus, because scientists are still unsure whether Covid-19 antibodies reduce the risk of reinfection. 

      Earlier in the pandemic, some countries said they would issue passports or certificates that indicate whether someone has had Covid-19, allowing them to travel or return to work, assuming that they are protected.

      That idea has since been abandoned because scientists still don't know how long immunity really lasts, Dr. Jarbas Barbosa, assistant director of the WHO's Pan American Health Organization, said at a press briefing on Wednesday.

       

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    5. Pfizer Coronavirus Vaccine Could Soon be Distributed to Americans

      Pfizer Coronavirus Vaccine Could Soon be Distributed to Americans

      Pfizer's coronavirus vaccine could be distributed to Americans before the end of the year if found to be safe and effective, CEO Albert Bourla said Sunday. 

      The drugmaker should have key data from its late-stage trial for the Food and Drug Administration by the end of October, Bourla said during an interview on CBS' "Face the Nation." If the FDA approves the vaccine, the company is prepared to distribute "hundreds of thousands of doses," he said.

      Because of the pandemic, U.S. health officials and drugmakers have been accelerating the development of vaccine candidates by investing in multiple stages of research even though doing so could be for naught if the vaccine ends up not being effective or safe.

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    6. WHO Calls AstraZeneca Coronavirus Vaccine Delay a 'Wake Up Call'

      WHO Calls AstraZeneca Coronavirus Vaccine Delay a 'Wake Up Call'

      World Health Organization officials said AstraZeneca's decision to delay the phase three trial of its experimental Covid-19 vaccine for safety reasons is a reminder that vaccine development is "not always a fast and a straight road." 

      AstraZeneca's announced Tuesday that it was placing a hold on stage three human trials for its potential vaccine, which it's developing alongside the University of Oxford, after one of the participants showed signs of a potential serious adverse reaction, which was first reported by STAT News. The company told CNBC that the delay was a "routine action" whenever there's an unexplained illness under investigation.

      WHO Chief Scientist Dr. Soumya Swaminathan said Thursday that there's no need to be "overly ...

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      Mentions: Coronavirus
    7. Democrats and Republicans have 'Serious Difference' Over New Coronavirus Aid

      Democrats and Republicans have 'Serious Difference' Over New Coronavirus Aid

      House Speaker Nancy Pelosi said she spoke to Treasury Secretary Steven Mnuchin on Tuesday, but the pair failed to bridge a chasm between their proposals for more coronavirus relief. 

      “Sadly, this phone call made clear that Democrats and the White House continue to have serious differences understanding the gravity of the situation that America’s working families are facing,” the California Democrat said in a statement Tuesday after the 36-minute conversation.

      Pelosi indicated the sides stand far apart on the price tag for a fifth package designed to alleviate economic and health-care crises fueled by the pandemic. Democrats first proposed more than $3 trillion in spending but later said they would accept a $2.2 trillion bill. The Trump administration ...

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    8. Fauci Debunks Low CDC Coronavirus Death Toll Theories

      Fauci Debunks Low CDC Coronavirus Death Toll Theories

      White House coronavirus advisor Dr. Anthony Fauci debunked online theories promoted by President Donald Trump that the Centers for Disease Control and Prevention has changed its guidance for tallying coronavirus deaths, showing a fraction of total Covid-19 fatalities. 

      On Sunday, Twitter removed a post retweeted by Trump that claimed the CDC had "quietly" updated its guidance to indicate only 6% of the country's coronavirus death toll — roughly 9,000 deaths —  was actually caused by the virus, according to a CNN report. The tweet said the remaining 94% had "other serious illnesses." 

      Fauci told the ABC program "Good Morning America" on Tuesday that the CDC guidance, last updated on Aug. 26, indicates that of the people who have died from ...

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    9. FDA Commissioner Says He's Willing to Fast Track Vaccine

      FDA Commissioner Says He's Willing to Fast Track Vaccine

      The chief of the Food and Drug Administration is prepared to bypass the full federal approval process in order to make a Covid-19 vaccine available as soon as possible, according to an interview in the Financial Times.

      Insisting that the move would not be due to pressure from the Trump administration to fast track a vaccine, FDA Commissioner Dr. Stephen Hahn told the newspaper that an emergency authorization could be appropriate before phase three clinical trials are completed if the benefits outweigh the risks.

      "It is up to the [vaccine developer] to apply for authorization or approval, and we make an adjudication of their application," Hahn said. "If they do that before the end of phase three, we may find ...

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    10. Trump Announces Deal with Abbott for 150M Rapid Coronavirus Test

      Trump Announces Deal with Abbott for 150M Rapid Coronavirus Test

      President Donald Trump plans to announce Thursday the purchase of 150 million rapid Covid-19 tests as part of a $750 million agreement with Abbott Laboratories, a White House official confirmed. 

      Trump plans to use his speech at the Republican National Convention to announce the deal, the official said.

      “This is a major development that will help our country to remain open, get Americans back to work, and kids back to school,” White House communications director Alyssa Farah said in a statement to CNBC. “The Trump Administration is proud to partner with Abbott labs to make this purchase possible to help the American people.”

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      Mentions: Coronavirus
    11. GOP is Working to Propose Smaller Coronavirus Stimulus Bill

      GOP is Working to Propose Smaller Coronavirus Stimulus Bill

      Republicans are working on a more narrow coronavirus stimulus bill that they could release to members of Congress as soon as this week, two senior administration officials and three people briefed on the matter told CNBC.

      The GOP is mulling a roughly $500 billion proposal that addresses only areas of bipartisan support: expanded unemployment insurance, a new authorization of small business loans, and money for schools and Covid-19 testing, treatment and vaccines. The plan would not include another direct payment to Americans. 

      It would set enhanced jobless benefits at roughly $300 to $400 per week. The figure would be less than the $600 per week approved in March, which Democrats want to reinstate after it expired at the end of ...

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      Mentions: Coronavirus
    12. $38M Donated by Wealthy Democrats to Support Voting Organizations

      $38M Donated by Wealthy Democrats to Support Voting Organizations

      A new group of donor funds backed by Wall Street executive Mike Novogratz and his allies has raised $38 million from prominent Democratic donors to support organizations that aim to get out the vote this fall. 

      The group, One for Democracy, has multiple funds. Donors are encouraged to pledge 1% of their net worth or total assets toward the organization, which then sends those contributions to nonprofits across the country. 

      One for Democracy’s origin stems from early March, just before New York started to shut down due to the coronavirus pandemic. Novogratz, a former hedge fund executive, took part in a meeting with wealthy donors and fundraisers to discuss what they see as dueling existential threats: potential voter suppression ...

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    13. Moderna Says its Coronavirus Vaccine Shows Promise in Latest Trial

      Moderna Says its Coronavirus Vaccine Shows Promise in Latest Trial

      Moderna's potential coronavirus vaccine generated a promising immune response in elderly patients in an early stage clinical trial, the biotech firm announced Wednesday.

      The company tested its vaccine on 10 adults between the ages of 56 and 70 and 10 elderly adults aged 71 and older, Moderna said. Each participant received two 100 microgram doses of the vaccine 28 days apart.

      The volunteers produced neutralizing antibodies, which researchers believe are necessary to build immunity to the virus, and T-cells, Moderna said in its results, which have not yet been published in a peer-reviewed journal. Additionally, the antibodies that were produced were higher than those seen in people who have recovered from Covid-19. 

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    14. House Passes Bill Giving USPS $25B

      House Passes Bill Giving USPS $25B

      The House passed a bill Saturday to inject emergency funding into the U.S. Postal Service and reverse changes that have hampered mail delivery. 

      The measure passed in a 257-150 vote. Twenty-six House Republicans supported the bill.

      The legislation approved by the Democratic-held chamber would put $25 billion into the cash-crunched post office. It would also roll back recent overhauls under Postmaster General Louis DeJoy, such as limits on overtime and reductions of facility hours, that Democrats worry will hinder the processing of an unprecedented number of mail-in ballots during the coronavirus pandemic. 

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      Mentions: Coronavirus
    15. Trial Investigator Says Vaccine with 50% Efficacy is Game Changing

      Trial Investigator Says Vaccine with 50% Efficacy is Game Changing

      A coronavirus vaccine that is safe and at least 50% effective would be a "game changer" in battling the pandemic, according to a doctor who is serving as an investigator for Moderna's clinical trials.

      "Developing vaccines against respiratory virus is incredibly difficult. If you think about the flu vaccine that we use every year, it's only about 40% to 60% effective,"  Dr. Carlos del Rio of Emory University said Tuesday on CNBC's "Squawk Box."

      The Food and Drug Administration indicated last month it would authorize a coronavirus vaccine as long as it is safe and at least 50% effective. Dr. Stephen Hahn, the agency's commissioner, said at the time it would be "unrealistic" to expect a ...

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    16. Pelosi: Democrats, White House are 'Miles Apart' on Stimulus Deal

      Pelosi: Democrats, White House are 'Miles Apart' on Stimulus Deal

      The prospects of another round of coronavirus relief appeared even more grim Wednesday after a call between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin moved them no closer to cracking a stalemate.

      Pelosi and Senate Minority Leader Chuck Schumer have not met with Mnuchin and White House chief of staff Mark Meadows to hash out a pandemic aid package since Friday. Talks fell apart even as the virus spreads around the country and Americans struggle to find work after two financial lifelines lapsed last month.

      Mnuchin reached out to Pelosi by phone on Wednesday, a source familiar with the call said. In a joint statement, Pelosi and Schumer signaled they would not yet restart discussions after the Treasury ...

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      Mentions: Coronavirus
    17. DA Vance Might Investigate Trump for Bank and Insurance Fraud

      DA Vance Might Investigate Trump for Bank and Insurance Fraud

      Manhattan District Attorney Cyrus Vance Jr. could be investigating President Donald Trump and his company for possible insurance and bank fraud, the prosecutor’s office revealed Monday in a new court filing.

      In the filing, Vance’s office urged a federal judge to toss out Trump’s new legal effort to prevent prosecutors from getting his tax returns and other records from his accountants through a grand jury subpoena.

      Vance’s office already was known to be seeking Trump’s financial records from the accounting firm Mazars USA as part of a probe into how the president’s company, the Trump Organization, accounted for a hush-money payment to a porn star, Stormy Daniels, who says she had sex with Trump ...

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    18. Former Presidential Candidate Herman Cain Dies of Coronavirus

      Former Presidential Candidate Herman Cain Dies of Coronavirus

      Herman Cain, a former presidential hopeful who was once considered by President Donald Trump for the Federal Reserve, has died after being hospitalized with the coronavirus. He was 74.

      Cain’s death was announced Thursday on his website by Dan Calabrese, who edits the site and had previously written about his colleague’s diagnosis.

      “Herman Cain – our boss, our friend, like a father to so many of us – has passed away,” Calabrese said in the blog post. “We all prayed so hard every day. We knew the time would come when the Lord would call him home, but we really liked having him here with us, and we held out hope he’d have a full recovery.”

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    19. Trump Announces $265M award to Fujifilm for COVID-19 Vaccine Manufacturing

      Trump Announces $265M award to Fujifilm for COVID-19 Vaccine Manufacturing

      President Donald Trump announced on Monday that the U.S. government has awarded Fujifilm a $265 million contract to expand the country's coronavirus vaccine manufacturing capacity.

      The Department of Health and Human Services awarded the contract to the Fujifilm Texas A&M Innovation Center in College Station, Texas, Trump said. He made the announcement at the Bioprocess Innovation Center at Fujifilm Diosynth Biotechnologies in Morrisville, North Carolina, where the company is manufacturing "bulk drug substance" for a coronavirus vaccine by Novavax, which was awarded $1.6 billion by the federal government to help develop the vaccine.

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    20. NJ Gym Owner Arrested After Not Following Coronavirus Orders

      NJ Gym Owner Arrested After Not Following Coronavirus Orders

      The owners of a New Jersey gym were arrested Monday after they repeatedly defied Gov. Phil Murphy's coronavirus restrictions on businesses, becoming a rallying point for advocates of small businesses devastated by the pandemic.

      The owners of Bellmawr New Jersey's Atilis Gym, Ian Smith, 33, and Frank Trumbetti, 51, were arrested at around 5:30 a.m. ET Monday morning after they refused to leave the gym and police boarded up their business, their attorney, James Mermigis, said in an interview with CNBC.

      Smith and Trumbetti were both charged with fourth-degree contempt, obstruction and violation of a disaster-control act, according to a statement from the office of Acting Camden County Prosecutor Jill S. Mayer.

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      Mentions: Coronavirus
    21. Republicans Consider Extending Unemployment Benefit Through End of Year

      Republicans Consider Extending Unemployment Benefit Through End of Year

      Republicans are considering extending the enhanced unemployment insurance benefit at a dramatically reduced level of $400 per month, or $100 a week, through the rest of the year, sources told CNBC. 

      Congress passed a $600 per week, or $2,400 a month, boost to jobless benefits in March to deal with a wave of unemployment unseen in decades as states shut down their economies to combat the coronavirus pandemic. The policy expires at the end of July as the U.S. unemployment rate stands above 11%, despite two strong months of job growth. 

      The GOP, which has not made a final decision on how it will craft unemployment insurance in a bill set to be released this week, previously discussed ...

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      Mentions: Coronavirus
    22. DOJ Charges Two Chinese Nationals for Hacking Coronavirus Vaccine Research

      DOJ Charges Two Chinese Nationals for Hacking Coronavirus Vaccine Research

      The Department of Justice on Tuesday accused two Chinese nationals, who it said were working on behalf of the Chinese government, of stealing trade secrets and hacking into computer systems of firms working on the Covid-19 vaccine.

      According to the 11-count indictment, Li Xiaoyu, 34, and Dong Jiazhi, 33, conducted a global hacking campaign for more than a decade. The indictment alleges that the defendants were able to successfully steal terabytes of data from the United States as well as Australia, Belgium, Germany, Japan, Lithuania, the Netherlands, Spain, South Korea, Sweden and the United Kingdom. 

      The DOJ said in a statement that high-tech manufacturing processes, gaming software, solar energy engineering, pharmaceuticals and defense industries were among those targeted in the ...

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      Mentions: Coronavirus
    23. Trump Announces Revival of Televised Coronavirus Briefings Amid Recent Surge

      Trump Announces Revival of Televised Coronavirus Briefings Amid Recent Surge

      President Donald Trump said that he will resume holding coronavirus press briefings at the White House, likely starting Tuesday, as a sharp rise in cases across the nation coincides with his declining poll numbers.

      Trump, speaking in the Oval Office, told reporters Monday that “we have had this big flare-up in Florida, Texas, a couple of other places,” while maintaining that “a lot of the country is doing well” in its fight against the pandemic. “And so I think what we’re going to do is, I’ll get involved and we’ll start doing briefings, whether it’s this afternoon or tomorrow, probably tomorrow, and I’ll do briefings,” Trump said.

      The decision to restart the briefings followed internal ...

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    24. Pelosi Vows that Trump 'Will Be Leaving' After 2020 Election

      Pelosi Vows that Trump 'Will Be Leaving' After 2020 Election

      House Speaker Nancy Pelosi said Monday that President Donald Trump, “Whether he knows it yet or not, he will be leaving” the White House, despite Trump’s refusal to commit to respecting the 2020 presidential election results.

      “There is a process,” Pelosi, D-Calif., said on MSNBC’s “Morning Joe,” referring to presidential elections and the Constitutional mechanism for putting their winners into the White House.

      “It has nothing to do with a certain occupant of the White House doesn’t feel like moving and has to be fumigated out of there,” she said.

      Pelosi’s comments came a day after the broadcast of a Fox News interview with Trump, during which journalist Chris Wallace asked the Republican president if he ...

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