Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

What you need to know about the coronavirus right now

Published 04/05/2021, 03:11 pm
Updated 04/05/2021, 03:12 pm

May 4 (Reuters) - Here's what you need to know about the coronavirus right now:

India's tally of coronavirus infections crosses 20 million

India's tally of coronavirus infections surged past 20 million on Tuesday, boosted by 357,229 new cases over the last 24 hours, while deaths rose 3,449 for a toll of 222,408, health ministry data showed.

India becomes the world's second nation, after the United States, to pass the grim milestone. It took the south Asian country just over four months to add 10 million cases, versus more than 10 months for its first 10 million. chance of jail for India travel ban offenders

Australia Prime Minister Scott Morrison on Tuesday said it was "highly unlikely" travellers from COVID-ravaged India would face the maximum penalties of five years jail and a A$66,000 fine for breaking border rules as he faces pressure to overturn them.

Australia last week banned all travellers from India, including its own citizens, entering the country until May 15 due to the surge in COVID-19 cases there, and warned offenders will be prosecuted and penalised. FDA set to authorize Pfizer shot for ages 12-15 early next week - NYT

The U.S. Food and Drug Administration is preparing to authorize Pfizer Inc (NYSE:PFE) and German partner BioNTech SE's COVID-19 vaccine for adolescents aged between 12 and 15 years by early next week, the New York Times reported on Monday, citing federal officials familiar with the agency's plans.

An approval is highly anticipated after the drugmakers said in March that the vaccine was found to be safe, effective and produced robust antibody responses in 12- to 15-year-olds in a clinical trial. high-risk populations face vaccine barriers

As Canada's vaccination campaign ramps up, people at higher risk of transmitting COVID-19 often lack the resources to navigate labyrinthine booking systems or the documentation that would ease their path to inoculation.

Those without provincial health insurance, such as refugee claimants or undocumented workers, often perform front-line jobs or live in neighbourhoods that put them at high risk of infection. But a recent study from Toronto's ICES - previously known as the Institute for Clinical and Evaluative Sciences - found vaccination rates are lower among Ontario's immigrants, refugees, and those new to the provincial health system. antibody drug neutralizes COVID-19 variants

An experimental monoclonal antibody treatment for COVID-19 being developed by Eli Lilly (NYSE:LLY) and Co and AbCellera Biologics Inc can "potently" neutralize numerous coronavirus variants, including those first identified in the UK, Brazil, South Africa, California and New York, scientists have found in test tube experiments.

The antibody - known as LY-CoV1404 or LY3853113 - works by attaching itself to a place on the virus that has shown few signs of mutating, which means the drug is likely to retain its effectiveness over time, the researchers said in a report posted on Friday on bioRxiv ahead of peer review. An AbCellera spokesperson said the company plans to release information about tests of the drug in humans on Tuesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.