The Federal Reserve said it would buy as much government-backed debt as it needed to keep financial markets functioning, and unrolled a series of programs meant to shore up both large and small businesses — a whatever-it-takes effort to cushion the economic blow of the pandemic. Trading was volatile again Monday, with stocks falling as much as 5 percent.
Major indexes in Europe were also lower, while stocks in Asia had already ended the day lower before the Fed announced its new plans. Democrats have raised concerns that the funds do not have rules for transparency or enough guardrails to make sure companies do not use the funds to enrich themselves or take government money and lay off workers. They also argue the measure would give Mr. As the legislation is currently written, Mr.
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Mnuchin would not have to disclose the recipients until six months after the loans were disbursed. Some Democrats also objected to loopholes in the legislation they said could allow Mr.
Fearing coronavirus, Arizona man dies after taking a form of chloroquine used to treat aquariums
Andrew M. The order was a mandatory directive from the state, Mr. The hospitals, one to each city, will have 11 ventilators each. Data released Monday indicated that the state accounts for roughly 6 percent of coronavirus cases worldwide. The jump stemmed from both the rapid growth of the outbreak and a significant increase in testing in the state. Health officials emphasized that testing was revealing how quickly the virus had spread. There are now 20, confirmed cases of the coronavirus in the state and at least deaths.
via – Photo Chianti
Moving to stem the crisis on multiple fronts, Mr. Cuomo pleaded with federal officials to nationalize the manufacturing of medical supplies and ordered New York City to crack down on people congregating in public. He suggested that some streets could be closed to traffic, allowing pedestrians more space. Already, hospitals across the New York region are reporting a surge of coronavirus patients and a looming shortage of critical supplies like ventilators and masks.
Trump signed an executive order to keep people and businesses from hoarding supplies needed in the fight against the novel coronavirus, and from engaging in price gouging. Attorney General William P. Barr recently directed federal prosecutors across the country to prioritize fraud schemes related to the pandemic and to prosecute offenders. Barr said at the White House briefing. On Saturday, the department filed its first civil complaint against the operators of a sham website that sold fake vaccine kits that the site falsely claimed came from the World Health Organization.
A federal district court judge in Texas issued a temporary restraining order and demanded that the owners block access to the site. There is currently no vaccine for the novel coronavirus, and the World Health Organization is not distributing any such vaccine. Physicians across every field are confronting a surge of patient questions and scrambling to keep up with advisories from governments and health agencies. Singalongs from windowsills in Chicago and Dallas are lifting spirits, following an example set by Europeans who sang from their balconies.
It is reasonable to feel anxious and worried about the news. Today, we hope to offer you ideas for a small respite. It seems to spread very easily from person to person, especially in homes, hospitals and other confined spaces. The pathogen can be carried on tiny respiratory droplets that fall as they are coughed or sneezed out.
It may also be transmitted when we touch a contaminated surface and then touch our face. The first testing in humans of an experimental vaccine began in mid-March. Such rapid development of a potential vaccine is unprecedented, but even if it is proved safe and effective, it probably will not be available for 12 to18 months. Unlike the flu, there is no known treatment or vaccine, and little is known about this particular virus so far.
It seems to be more lethal than the flu, but the numbers are still uncertain. And it hits the elderly and those with underlying conditions — not just those with respiratory diseases — particularly hard. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. They will decide if you need to be tested. If masks are available, both the sick person and the caregiver should wear them when the caregiver enters the room.
Make sure not to share any dishes or other household items and to regularly clean surfaces like counters, doorknobs, toilets and tables. And stockpiling them will make it harder for nurses and other workers to access the resources they need to help on the front lines. Plan two weeks of meals if possible. But people should not hoard food or supplies. Despite the empty shelves, the supply chain remains strong.
And remember to wipe the handle of the grocery cart with a disinfecting wipe and wash your hands as soon as you get home. Even if you just hang out in a park, rather than go for a jog or a walk, getting some fresh air, and hopefully sunshine, is a good idea.
Watching your balance go up and down can be scary. The Coronavirus Outbreak. The president pushes malaria medications, despite caution from doctors. States and cities order over million Americans to stay home. A bed shortage looms in California as testing continues to lag. Olympic Committee joins the call to postpone the Summer Games in Tokyo. New York sees early signs that social distancing could be working. States shun visitors to limit the spread of the virus. See more updates Updated 20m ago.
After promising test results in petri dish studies, some Chinese scientists came to believe that hydroxychloroquine was powerful against viruses in general, and for COVID in particular. Nearly 55, Americans have coronavirus, fueling desperation for an effective treatment. Chloroquine is being tested in clinical trials, but is not yet proven to work. Developed during World War II and approved by the the Food and Drug Administration FDA in , hydroxychloroquine cured about half of the 24 patients who received the drug there were 36 included in a French clinical trial published yesterday.
It was the first clinical trial of the drug for treating COVID after Chinese scientists found that it killed the virus in lab experiments, according to a study published in the Clinical Infectious Diseases Journal on March 9. Hydroxychloroquine is also used to treat some forms of arthritis in some instances. When it was released half-a-century ago, the malaria drug was hailed for having milder side effects than its predecessor. The drug can cause strange, bad and vivid dreams and difficulty sleeping.
Taking hydrochloronoquine can also cause your heart to race, trigger headache, fainting, severe dizziness, nausea, a slow heart rate or weak pulse, muscle weakness, numbness and tingly, anxiety and irritability and low blood counts. Still, with the death toll of coronavirus nearing in the US, even a drug with significant side effects would be cause for hope in the battle against coronavirus, for which there are currently no proven treatments.
Because it is already on the market and FDA approved for other uses, hydroxychloroquine can be more easily used off-label, so long as patients qualify to receive it under the Compassionate Use Act. That may mean prescriptions of the drug will only be approved for use in the most severely ill patients, although Hahn did not specify the criteria for prescribing hydroxoychloroquine to coronavirus patients. If you are already a subscriber, thank you for your support. Your subscription helps The Globe and Mail provide readers with critical news at a critical time.
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The latest numbers of COVID-19 cases in Canada
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