Coronavirus Live Updates: Tracking the Race for a Vaccine

Coronavirus Live Updates: Tracking the Race for a Vaccine

2020-06-10 12:10:58
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In the worldwide race for a vaccine, here’s where they stand.

Researchers around the world are developing more than 125 vaccines against the coronavirus. Vaccines typically require years of research and testing before reaching the clinic, but scientists are hoping to produce a safe and effective vaccine by next year.

The New York Times is following the status of those that have reached trials in humans.

There are three phases before a vaccine is approved for use, but some projects have combined early phase trials to speed up the process. Some coronavirus vaccines are now in Phase I/II trials, for example, in which they are tested for the first time on hundreds of people.

Additionally, the U.S. government’s Operation Warp Speed program has selected five vaccine projects to receive billions of dollars in federal funding and support before there’s proof that the vaccines work.

The world economy is facing the most severe recession in a century and could experience a halting recovery with a potential second wave of the virus and as countries embrace protectionist policies, the Organization for Economic Cooperation and Development warned in a new report.

A grim economic outlook released by the O.E.C.D. on Wednesday depicted a world economy that is walking on a “tightrope” as countries began to reopen after three months of lockdowns. Considerable uncertainty remains, however, as the prospects and timing of a vaccine remain unknown. Health experts fear that the spread of the virus could accelerate again later this year.

“Extraordinary policies will be needed to walk the tightrope towards recovery,” said Laurence Boone, the O.E.C.D.’s chief economist.

The O.E.C.D., which comprises 37 of the world’s leading economies, predicts that the global economy will contract by 6 percent this year if a second wave of the virus is avoided. If a second wave does occur, world economic output will fall 7.6 percent, before rebounding by 2.8 percent in 2021. The two scenarios are viewed as equally plausible.

The report is slightly more ominous than other recent forecasts from the World Bank and the International Monetary Fund.

The Fed will release economic projections and is expected to leave interest rates near zero.

There has not yet been a significant public debate over South Korea’s new tracking system, although that may come as the government rolls it out.

Since last month, South Korea has eased its social-distancing restrictions, saying it was confident in its virus-containment strategy. But it has also urged people to stick to preventive measures and said its goal is to keep the daily caseload below 50 until a vaccine is available.

South Korea’s daily caseload has fluctuated between 38 and 57 over the past week, and the country reported 50 new cases on Wednesday.

Here are other developments from around the world:

Mnuchin plans to paint an optimistic picture of the economy’s trajectory.

Treasury Secretary Steven Mnuchin will defend the Trump administration’s efforts to prop up the economy on Wednesday, arguing that the extraordinary array of stimulus measures will set the stage for a dramatic recovery in the second half of the year.

Mr. Mnuchin, who will testify before the Senate’s small business committee, is expected to offer an optimistic outlook about the trajectory of the economy. He will highlight the recent employment figures that were better than expected and point to data that show Americans have been building their savings in recent months and will be ready to spend as the economy reopens.

“We remain confident that the overall economy will continue to improve dramatically in the third and fourth quarter,” Mr. Mnuchin will say, according to his prepared testimony.

The Treasury secretary will appear with Jovita Carranza, the administrator of the Small Business Administration, to update lawmakers on the status of the Paycheck Protection Program, a lending initiative that was created by Congress in March as a lifeline for small businesses, allowing them to pay workers and overhead during the shutdown.

The program, initially plagued by glitches and other problems, has approved about $510 billion of loans, and an additional $150 billion is available.

Lawmakers on the committee are expected to question Mr. Mnuchin and Ms. Carranza about what a next phase of the program might look like and what additional changes might be beneficial to small businesses.

They are also likely to face questions about measures to ensure that businesses owned minorities and women have sufficient access to loans. A report by the S.B.A.’s inspector general found last month that the administration failed to prioritize underserved groups in accordance with the legislation.

At a Brooklyn hospital, one last, loud cheer.

Now, with the outbreak in New York City vastly diminished and attendance at the nightly cheer dropping, the organizers threw a farewell party.

On Monday evening, as the nurses and doctors and orderlies filed out, a bagpiper played “Amazing Grace.” A medic gave a bouquet and a hug to one of the regular cheerleaders. The D.J. played “Last Dance,” and everyone did.

“It’s been so uplifting to have people give their time to come here and support us,” said Alyeshan Quinones, an E.R. nurse.

A study indicates Britain, where more than 40,000 have died from the virus, may have missed a chance to slow its assault.

Only “a tiny fraction” of the first virus cases in Britain came directly from China while a vast majority came via Europe, a study of the genetic lineages of virus samples has found.

The results suggest that Britain could have slowed the arrival of the virus by moving faster to advise against all nonessential overseas travel instead of only counseling against travel to mainland China, where the virus originated.

The study, which was posted on a virology website on Tuesday and has not been peer reviewed, is the latest indication that travel bans on China appear to have had little effect on mitigating the spread of the virus.

The authors of the study drew on research by Covid-19 Genomics U.K., a consortium of public and academic laboratories that is funded in part by the British government. The consortium has so far generated more than 20,000 genome sequences and identified 1,356 genetic lineages of the virus — that is, chains of infection stretching from patient to patient.

The study concluded that about 34 percent of the lineages detected had arrived from Spain, 29 percent from France, 14 percent from Italy and 23 percent from other countries.

The authors also estimate that 80 percent of “importation events” — new arrivals of the virus — took place during the one-month period between Feb. 28 and March 29.

Britain advised against nonessential travel to China on Jan. 28. But the government did not advise until March 17 against nonessential travel overseas

The authors note that as a result the volume of incoming arrivals remained high as the global rate of infection was soaring during the first half of that month.

“Notably there was a period in mid-March when inbound travel to the U.K. was still substantial and coincided with high numbers of active cases elsewhere,” the authors of the study wrote.

How the virus compares with 100 years of deadly events.

“Oh my goodness,” Dr. Anthony S. Fauci, the top infectious disease expert in the United States, said Tuesday. “Where is it going to end? We’re still at the beginning of it.”

“It’s going to be different,” Salesforce’s chief executive, Marc Benioff, said. “It’ll be more sterile. It’ll be more hospital-like.”

Reporting was contributed by Choe Sang-Hun, Jonathan Corum, Abdi Latif Dahir, Sheri Fink, Josh Katz, David D. Kirkpatrick, Iliana Magra, Allison McCann, Richard C. Paddock, Alan Rappeport, Christopher F. Schuetze, Dera Menra Sijibat, Natasha Singer, Jenna Smialek, Kaly Soto, Jin Wu and Carl Zimmer.


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