COVID - 19 Weekly Round Up 06.12 - Filter Digital
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COVID – 19 Weekly Round Up – 06.12
Spread Trend: Global and US (as of June 12) - 2 Week Period
Total Cases (M)
9.00
8.00
7.00 7.46 7.62
7.08 7.20 7.32
6.00 6.70 6.84 6.97
6.37 6.45 6.57
5.00
4.00
3.00
2.00
1.87 1.90 1.92 1.94 1.97 1.99 2.01 2.03 2.05 2.07 2.09
1.00
-
2-Jun 3-Jun 4-Jun 5-Jun 6-Jun 7-Jun 8-Jun 9-Jun 10-Jun 11-Jun 12-Jun
World USA
450.0
Total Deaths (000)
400.0 424.3
405.1 408.2 412.9 419.8
387.0 392.5 397.4 401.7
350.0 377.4 382.1
300.0
250.0
200.0
150.0
100.0
106.2 106.9 108.1 109.1 110.2 111.4 112.1 112.5 113.1 115.1 116.0
50.0
0.0
2-Jun 3-Jun 4-Jun 5-Jun 6-Jun 7-Jun 8-Jun 9-Jun 10-Jun 11-Jun 12-Jun
World USA
Source: New York Times, Worldometers, Johns Hopkins
Spread Trend: Global and US (as of June 12) - 1 Month Period
Total Cases (M)
9.00
7.46 7.62
8.00
6.70 6.84 6.97 7.08 7.20 7.32
6.37 6.45 6.57
7.00
5.59 5.69 5.79 5.91 5.99 6.11 6.22
6.00 5.15 5.26 5.36 5.46
4.48 4.58 4.68 4.76 4.85 4.95 5.05
5.00 4.30 4.39
4.00
3.00 1.79 1.82 1.84 1.87 1.90 1.92 1.94 1.97 1.99 2.01 2.03 2.05 2.07 2.09
2.00 1.41 1.43 1.46 1.48 1.51 1.53 1.55 1.57 1.59 1.62 1.62 1.67 1.69 1.71 1.73 1.75 1.77
1.00
0.00
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Ju
Ju
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-M
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-M
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-M
1-
2-
3-
4-
5-
6-
7-
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14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
World USA
450
Total Deaths (000) 408 413 420 424
393 397 402 405
371 374 377 382 387
400 352 357 362 367
334 339 344 347 348
313 317 320 325 329
350 293 298 303 309
300
250
200
150 98 99 99 100 101 102 103 105 106 106 106 107 108 109 110 111 112 112 113 115 116
84 86 87 89 90 91 92 94 95 96
100
50
0
n
n
n
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n
n
n
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n
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n
n
ay
ay
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ay
ay
ay
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ay
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Ju
Ju
Ju
Ju
Ju
Ju
Ju
Ju
Ju
-Ju
-Ju
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-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
-M
1-
2-
3-
4-
5-
6-
7-
8-
9-
10
11
12
13
14
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17
18
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20
21
22
23
24
25
26
27
28
29
30
31
World USA
Source: New York Times, Worldometers, Johns Hopkins
Global and US Snapshot (as of June 12)
Global USA
Confirmed Cases Deaths Recoveries Confirmed Cases Deaths Recoveries
(+2%) (+1%) (+1%) (+1%) (+1%) (+1%)
7,622,050 424,325 3,860,346
2,089,825 116,035 816,174
Brazil
Confirmed Cases Deaths Recoveries % Change % Change
(+4%) (+3%) (+0%) State Cases from Deaths from
Yesterday Yesterday
805,649 New York 402,021 0.2% 30,741 0.2%
41,058 396,692
New Jersey 168,204 0.3% 12,552 0.7%
California 143,505 2.6% 4,941 1.5%
Russia Illinois
Massachusetts
130,603
104,667
0.6%
0.5%
6,185
7,492
1.5%
0.5%
Confirmed Cases Deaths Recoveries Texas 83,457 2.5% 1,945 1.3%
(+2%) (+3%) (+3%) Pennsylvania 81,936 0.7% 6,205 0.7%
Florida 69,069 2.5% 2,851 1.7%
511,423 6,715 269,370 Michigan 65,449 0.4% 5,985 0.5%
Maryland 60,197 1.2% 2,875 1.1%
Source: New York Times, Worldometers, Johns Hopkins
Weekly Snapshot: Global and US
Europe
North America
In Europe, Spain has taken over from Italy
The US continues to lead the highest no. of confirmed cases with highest number of cases at 289K up Russia
across the world at almost 2M cases. Cases per million from 287K last week; Italy – 236K, and
reached 6,316K up from 5,816K last week. Top affected During last two weeks no. of cases in Russia
Germany at 186K. No. of cases in UK increased exponentially. Russia recorded 511K,
states in US include New York, New Jersey and California. increased to reach 291K. UK recorded highest
Around 816K people have recovered while death toll crossed up from 449K last week; the 3rd highest in the
no. of deaths amongst European countries. world after US and Brazil. Death toll in Russia
116K.
is comparatively less.
Asia
China has reopened its economy as cases
slow down. The country maintains its
cases at 83K. India has highest no. of
cases in Asia with 298K confirmed cases.
Other worst-hit countries include Pakistan
South America – 125K and Bangladesh - 81K; there is a
rapid increase in no. of cases in these
Brazil has the highest number of countries in the last weeks.
cases in South America at 805K
up from 615K last week which is Australia | NZ
the 2nd highest in the world, while
death toll reaches 41K which is Australia recorded around 7.2K
higher than Italy. Other worst MEA confirmed cases and New Zealand
affected countries include Peru– In Middle East, Turkey and Iran continue to report high 1.5K cases. New Zealand currently has
214K and Chile– 154K and number of cases with 174 and 182K cases each. Total cases no active case. The two countries
in Africa is also increasing at a high rate to reach 220K. hope to have a travel bubble (for
Colombia – 45K.
Worst-hit countries include South-Africa, Egypt and Nigeria travel between them) in place by
with 58K, 39K and 14K cases each. September.
Source: New York Times, Worldometers, Johns Hopkins
Top Global Stories of the Week
Protest Movements Around the World Increase Chance of Infection Cases Rise Everywhere as Reopenings Continue
This was a bad week for the WHO, after Dr. Maria Van Kerkhove said transmission of Cases continue to increase everywhere as businesses reopen.
the coronavirus by people who never developed symptoms is “very rare.” The WHO
walked back on those comments now and said asymptomatic spread is a “really • Indonesia reported its highest one-day increase this week after regional officials
complex question” and much is still unknown. began to ease restrictions last week. On Monday, the country resumed domestic
air travel with some modifications.
The WHO was being questioned by the medical community. Even as the agency • Russia’s coronavirus cases passed the half million mark this week, as most
leads the worldwide response to the pandemic, several scientists warned it is failing isolation measures were lifted enabling citizens to exercise, shop, go to hair
to take stock of rapidly evolving research findings and to communicate clearly about salons and travel in taxis and public transport. It is the third highest in the world
them. after the US and Brazil. Russia also plans to hold elections on July 1st.
The agency also delayed endorsing masks for the general public, claiming
• India reported an increase of 11,000 cases today and is continuing ahead
there was too little evidence that they prevented transmission of the virus.
with its reopening plans. Health experts said the country is nowhere near
These scientific disagreements have wide policy implications and callous its peak. India’s lockdown is set to end on June 30th.
statements from the WHO are confusing the public. Many countries, • Pakistan is also expected to be overwhelmed with cases, but it has relaxed
including the US, adopted lockdown strategies because they recognized that restrictions. PM Imran Khan said a total lockdown has severe
isolating only people who were sick might not be enough to contain the consequences for daily wage earners.
epidemic. • Iran is already facing a second surge of infections. The country opened up
its economy last month, which was already suffering under international
In other news, the United Nations General Assembly, held in New York every
sanctions and huge budget deficits.
September, will be cancelled this year - a first in the U.N.’s 75-year history.
• Latin America, now the epicenter of the virus, is said to be pushed to the
New Zealand Eliminates Virus limit. Cases are surging in countries that took early isolation measures —
like Peru,— and in those that ignored recommendations, like Brazil.
New Zealand, this week announced it has no coronavirus cases and has eliminated it. • New coronavirus cases and deaths increased in several European
The country lifted all restrictions after the last person with the virus was cleared. countries. Increases were reported in Italy, UK, France and Germany.
Borders still remain closed.
6 Source: WSJ, New York Times, Washington Post, Reuters, CNBC
Top Global Stories 6/12
The Number of Extreme Poor Could Rise over 1B Due to the Pandemic WHO Warns of Increasing ‘Hotspots’ in Africa
Extreme poverty could spike due to the economic fallout from the coronavirus Africa will experience a “steady increase” in coronavirus cases until a vaccine is
pandemic, according to a report published by UNU-WIDER, which is part of the developed, the World Health Organization warned. It said robust public health
United Nations University. That comes as the cost of the public healthcare crisis measures are needed in virus “hotspots” in the continent.
could reach $500M a day in lost income for the world’s poorest people.
There are now hotspots having to be managed in a number of countries; in South
The pandemic would push an additional 395M people into extreme poverty, Africa, Algeria, Cameroon for example, which require very strong public health
sending the number of those living on less than $1.90 a day to more than 1B measures, social distancing measures to take place, the organization said.
globally. Poverty is likely to increase dramatically in middle-income developing
countries, with the location of global poverty shifting back towards developing India Now Has Fourth Highest Number of Covid-19 Cases
countries in South Asia and East Asia.
India has added nearly 11,000 new cases, its biggest single-day rise so far,
officials said on Friday. The country’s total confirmed caseload, which is
UN Warns that the Pandemic Could Result in Surge of Child approaching 300,000, has now overtaken the United Kingdom’s and is the
Labor fourth-largest in the world, behind the United States, Brazil and Russia.
The UN said with more than 1B children out of school because of the virus there EU Recommends Opening Borders on June 15
could be a drastic rise in child labor. Unicef and the ILO said that millions of
European Union is recommending that all member countries open their borders to
children may now have no choice but to toil at low-paying jobs to help their
one another by Monday. The European Commission, the bloc’s executive branch, is
families survive. The shift threatens to reverse 20 years of decline in the use of
recommending a gradual opening to outsiders starting in July.
child labor, the report said.
Even when classes restart, the report said, some parents “may no longer be able Global Trade to Fall 27%
to afford to send their children to school.” Both UN agencies are working on a
simulation model to examine the impact of the coronavirus on child labor globally Global trade is expected to plunge 27% in the April-June quarter compared with the
and expect to release new estimates on child labor in 2021. same period last year, the United Nations said on Thursday. For the year, the agency
predicted global trade would fall by 20% compared with 2019.
7 Source: CNBC, NY Times
Top US Policy Stories of the Week
As protests and reopenings Pandemic Not Over Yet Update on Government Spending
continue across the US, the
White House health advisor Dr. Anthony Fauci warned
country’s top health advisor, Dr. President Donald Trump’s senior advisor Kevin Hassett
the pandemic “isn’t over yet” as the virus continues to
Anthony Fauci has warned that spread rapidly across the globe. He said Covid-19 turned
said the contents of another coronavirus relief bill
depends on whether the US economy sees another
the pandemic is not over yet. out to be his “worst nightmare” due to its “extraordinary”
blowout jobs report in June.
capability of transmission.
Cases in the US are on the rise, However, a new study said population-based He said, “the odds of there being a phase four deal are
with new hotspots emerging. interventions like stay-at-home orders and business really close to 100%,” even after the jobs data far
closures prevented 4.8M confirmed coronavirus cases. exceeded expectations last month. The White House is
Some officials have delayed
The study looked at more than 1,700 policy interventions making plans for whether the economy outperforms or
their reopening plans rolled out in six countries that were among the first hit by underwhelms in June.
temporarily as cases rise and Covid-19: the US, China, South Korea, Italy, France and
hospitals approach maximum Iran. Congress is only set to vote on a phase 4 coronavirus bill
in late July depending on how the economy is
capacity. The White House has said it wants a plan by Sept. 1, that
performing. An issue of contention has been coronavirus
would allow airlines to collect contact tracing information liability on the part of businesses.
The government will only look from U.S.-bound international passengers. Airlines have
been reluctant to do this saying they couldn’t provide
at additional funding in late such data. Instead, they proposed a website and mobile
July. app where passengers can send their contact information
straight to the CDC.
8
Top US Policy Stories of the Week
Update on Vaccines Sports Return
The US government has said it has already produced 2M coronavirus vaccine doses that are “ready to go” once
scientists figure out whether it is safe and effective. The government has selected five companies as the most likely Several sporting tournaments are returning. The PGA
Tour resumed its season in Texas after a nearly three-
candidates to produce a vaccine for the coronavirus. The President, however, did not say which ones have started
vaccine production. Dr. Anthony S. Fauci, said the federal government should not force drug companies to set specific month-long hiatus due to coronavirus. Players will be
prices on vaccines and treatments for the coronavirus. tested for Covid-19 but there wont be any spectators for
Several companies are racing to have vaccines for the coronavirus. the 1st 4 tournaments on the tour.
• Eli Lilly said it could have a drug approved for treating the coronavirus as early as September. Lilly has launched Major League Soccer will restart its season on July 8 at
human trials for two antibody therapies and is doing pre-clinical studies on a third. Walt Disney World with its “MLS is Back Tournament”
• J&J said it will begin its early-stage human trial for a potential coronavirus vaccine earlier than its initial forecast of featuring all 26 clubs. Games will be played at the ESPN
September. The human trial will start in the second half of July. Wide World of Sports Complex at Walt Disney World
• The US government has been working with biotech firm Moderna on a potential vaccine. The company expects to Resort in Orlando without spectators.
begin a late-stage trial in July.
• Gilead Sciences antiviral drug remdesivir helped to prevent macaques infected with the coronavirus from The NFL has not set a date for when most players will be
developing respiratory disease and reduced lung damage associated with the virus, according to a new study able to return to team complexes but training camps are
published in the medical journal Nature. scheduled to begin in late July with the first preseason
• AstraZeneca expects to move two potential Covid-19 antibody-based therapeutics into clinical trials in the next game on Aug. 6. The regular NFL season is slated to begin
two months. AstraZeneca said it licensed the antibodies from Vanderbilt University and hopes to develop them Sept. 10.
into a potential combination therapy for both the prevention and treatment of Covid-19.
The WNBA is considering resuming a 22-game season
starting July 24.
9
Top Stories on 6/12
01 02 03
George Floyd Protests Highlight Mnuchin Warns Against Shutting White House Plan Coronavirus
Health-Care Disparities for Black Down Economy for Second Wave Stimulus Talk for Late July
Americans Treasury Secretary Steve Mnuchin said another
The White House will not discuss a fourth
legislation would be required for the US
Protests in response to the police killing of George coronavirus stimulus package until late July, when
economy. Further efforts could focus on
Floyd have brought greater attention to the health- Congress returns from recess. Both the Senate and
unemployment benefits and direct payments to
care disparities that black people face in the US. House of Representatives are set to return to
individuals. Options that are on the table
Though black Americans make up only around 13% Washington on July 21, which is 10 days before
include either more one-time stimulus
of the US population, they constitute 23% of all programs under the CARES Act, including
payments or back-to-work bonuses. Mnuchin
coronavirus deaths as of June 3, according to the increased unemployment insurance payments,
also said incentives for businesses to rehire
CDC. will expire. The govt. estimates that more than
people, particularly in industries that are just
half of funds from the last three stimulus packages
getting back on their feet, such as travel and
Black Americans are more likely to suffer from have not been spent.
restaurants need to be considered.
underlying health conditions, lack health insurance
and hold essential jobs that are typically lower However, he did warn against imposing A breakdown from the Office of Management and
paying and involve direct exposure to the public lockdowns again even as states like Texas report Budget found that just $22B of $500B designated
amid the pandemic. record coronavirus hospitalizations as to Treasury Department for business loans has
businesses reopen. been spent.
10 Source: CNBC, NY TimesTop Stories on 6/12
04 05 06
Utah Study Detected Elevated First Lung Transplant in the US for DeVos: No Virus Relief for
Levels of Coronavirus in Sewage Covid-19 ‘Dreamers’
Before testing confirmed a sudden surge of
A young woman whose lungs were destroyed by Education Secretary Betsy DeVos issued on
covid-19 cases in Utah’s rural Cache County,
the coronavirus received a double lung Thursday an emergency rule barring colleges from
scientists noticed that traces of the coronavirus
transplant last week at Northwestern Memorial granting virus relief funds to foreign and
were showing up in sewage in significantly larger
Hospital in Chicago, the hospital reported on undocumented students, including tens of
concentrations. Those findings, which presaged
Thursday, the first known lung transplant in the thousands protected under the Deferred Action
an outbreak at a beef processing plant where at
US for Covid-19. for Childhood Arrival program, or DACA.
least 287 workers have tested positive for covid-
19, indicate that monitoring wastewater can help The team wanted other transplant centers to
The rule codifies the Education Department’s
alert public health officials to rising infection know that the operation could save some
disputed reading of the federal CARES Act to
rates. desperately ill Covid-19 patients. Doctors are
exclude groups of students from accessing
closely monitoring Covid-19 survivors who had
Utah researchers have been studying whether emergency relief grants. That includes
been on ventilators with severe lung damage, to
sewage can provide early warnings about international students and those living and
see whether they recover fully or have scarring
outbreaks. They hope this provides a more attending school in the US under DACA, an
in the lungs that might eventually lead them
accurate picture of a community’s overall Obama-era policy that protects children brought
also to need transplants.
infection rate than the official case count. to the US illegally as children.
11 Source: CNBCTop Business Stories for the Week
Healthcare Healthcare Bailouts Auto
AstraZeneca Approached Gilead About a Potential Around 60 of the country’s largest hospital chains, Ford Motor COO Jim Farley said the company expects
Merger: This week, a potential merger between which together have received more than $15B in to have North America plants back to pre-coronavirus
AstraZeneca and Gilead made the rounds. It would’ve emergency funds through the economic stimulus production levels by July 6, which includes production
been a healthcare deal that would be the largest on package in the federal CARES Act. These include HCA, of its highly-profitable Ford F-Series pickup trucks.
record. AstraZeneca reportedly asked Gilead last Tenet Healthcare, and nonprofits like the Mayo Clinic, Ford said it is seeing strong demand for over a month
month about a merger but did not provide specifics Cleveland Clinic and many regional chains. Healthcare now and will add second and third shifts to
on the transaction. companies in the US awarded the five highest-paid production. Nearly all of Ford’s plants, will be on three
officials at each chain about $874M in the most shifts or overtime by early July. GM and Fiat Chrysler
While the companies have not made official recent year for which they have disclosed their also announced plans to return to near pre-
comments, analysts do not believe this will go ahead. finances. coronavirus levels by the end of June, if not sooner.
Most biopharma deals arise from a position of
distress and both these companies are not in a At least 36 of those hospital chains have laid off, NASCAR will allow fans to attend upcoming races in
position of distress. Reports said AZ has ruled out the furloughed or reduced the pay of employees. Workers June under social-distancing guidelines. The Dixie
prospective deal because it would have distracted at the wealthy hospitals said that their employers had Vodka 400, which takes place in Florida on June 14,
the company from its own pipeline and ongoing put the heaviest financial burdens on front-line staff, and the GEICO 500, which is scheduled for June 21 in
COVID-19 vaccine efforts. including low-paid cafeteria workers, janitors and Alabama, will require guests to wear face coverings
nursing assistants. They said pay cuts and furloughs and require them to stay 6 feet apart among other
made it even harder for medical workers to do their health measures. The Dixie Vodka 400 will welcome
jobs. up to 1,000 service members as its guests while the
GEICO 500 will allow up to 5,000 guests.
12 Source: CNBCTop Business Stories for the Week
Tech Travel and Hospitality M&E
Facebook is set to allow advertisers to promote non- Passengers on United Airlines are now required to AMC Entertainment hopes to have almost all its
medical masks after previously banning ads for masks answer several health questions when they check-in movie theaters back open by July, after warning that
in March. The company said this was an effort to for flights as part of an effort by the airline to stop the there was “substantial doubt” that it could survive the
protect against scams, misleading medical claims, spread of Covid-19. Travelers must confirm they have coronavirus pandemic. Ten of AMC’s theaters in
medical supply shortages, hoarding and inflated not been diagnosed with Covid-19 in the past 21 days Norway, Germany, Spain and Portugal have already
prices, practices that proliferated as people tried to and have not had symptoms of the virus. reopened, and the company expects to be “fully open
buy masks to protect against the virus. Facebook said globally” in July. Christopher Nolan’s “Tenet,” which
it is scaling back that temporary ban and will allow United Airlines is also asking passengers to declare will be released July 17, will be among the first films
people to promote and trade non-medical masks, that they have not been denied boarding by another showcased.
including those that are homemade or handmade, in airline because of medical screening results and have
organic posts, ads and commerce listings on not had close contact with someone who tested Coachella and Stagecoach music festivals have been
Facebook and Instagram. positive for Covid-19 in two weeks. canceled, citing fears of worsening Covid-19 spread in
the fall. Both festivals were originally postponed from
Twitter is also filtering content on its platform, by Delta announced that it will be testing all its April to October. Events like these fall under CA Gov.
flagging posts that could be disinformation. It also employees for coronavirus and antibodies. Newsom’s Stage 4, which would require treatments or
took down several China-linked accounts for a vaccine to enter. Coachella is usually held in Indio,
spreading disinformation. California, and one of the biggest music festivals
globally.
13 Source: CNBCTop Business Stories for the Week
Retail FiServ Non-Profit
Macy’s Says Reopened Stores are Performing Better Sustainable Investing is Set to Surge in the Wake of Leading Foundations to Borrow to Increase
than Expectations: Macy’s said customers are the Coronavirus Pandemic: So far this year, US-listed Philanthropy: The Ford Foundation announced that it
returning to reopened stores much faster than it sustainable funds are seeing record inflows, despite will borrow $1B so that it can drastically increase the
expected. The company said it could enter the the market turmoil and analysts and investors say that amount of money it distributes. The 84-year-old
holiday season later this year in the lean inventory the pandemic will further prioritize investing with a organization is set sell $1B of taxable 30- and 50-year
position. conscience. These funds are also attracting record bonds this month and use the proceeds to provide
levels of cash because they’re proving that they can grants to nonprofits struggling to recuperate from the
Starbucks said it lost between $3B to $3.2B in offer comparable, if not market-beating, returns. virus-related shutdowns that have halted most
revenue during the fiscal third quarter. As the virus fundraising.
spread across the world, the global coffee chain The Nuveen ESG Large-Cap Growth ETF has returned
temporarily shuttered many of its cafes, although 10% this year, for example, while the iShares ESG Four other leading charitable foundations — the John
most in the US and China have reopened. But it is MSCI USA ETF — the largest of its kind with more than D. and Catherine T. MacArthur Foundation ($125M),
forecasting a return to profitability by the fiscal $7.1B in assets under management — has returned the W.K. Kellogg Foundation ($300M), the Andrew W.
fourth quarter and by the end of June, Starbucks 0.6% year to date. Mellon Foundation ($200M), and the Doris Duke
expects weekly cash flow to be positive. Charitable Foundation ($100M) — will join Ford in the
initiative.
14 Source: CNBCUSA: Business Update – 6/12
Delta CEO Says All Employees Will Mortgage Rates Hit New Record Moderna to Launch Coronavirus
Be Tested for Virus, Antibodies Low Vaccine Trial in July
Delta CEO Ed Bastian said that all employees will be Mortgage rates hit a record low amid concerns over a Moderna is set to start a 30,000-person trial of its
tested for the coronavirus and antibodies. The second wave of the coronavirus, which has helped coronavirus vaccine in July. The trial comes as the
announcement comes as Delta and other airlines spur a market sell-off. Though rates saw a boost last company enters the final stage of testing for the
begin adding summer flights as passengers start week, the 30-year fixed mortgage rate now hovers at potential coronavirus vaccine. Moderna selected a
returning. 2.97%. 100-microgram dose of the vaccine for the study, for
which the primary goal would be to prevent
Bastian said Delta is partnering with the Mayo Clinic Low mortgage rates have driven a fast recovery in the symptomatic Covid-19.
and Quest Diagnostics to facilitate the testing. The housing market and mortgage applications for home
program will begin in Minneapolis, Atlanta, Detroit purchases were up 13% annually last week, according The secondary goal would be the prevention of severe
and New York starting next week, then will evolve to data from the Mortgage Bankers Association. disease, as defined by people being hospitalized. The
into a company-wide testing protocol. The company company aims to deliver around 500M — and
also announced the creation of the Delta Global potentially up to 1B — doses per year beginning 2021.
Cleanliness organization, which will review Delta’s
standards and policies to ensure customers and
employees are safe.
15 Source: CNBCUSA: Business Update – 6/12
Regeneron Begins Testing Potential Tech Companies Back Race Twitter Takes Down China-Linked
Treatment Initiatives Accounts Spreading Coronavirus
Disinformation
Regeneron announced the start of the first human Businesses like Apple and Google have announced Social media platform Twitter has taken down
trial of its antibody cocktail that the company hopes big-dollar initiatives to promote racial justice. Apple thousands of accounts linked to China that were part
will effectively treat and even prevent Covid-19. said it would devote $100M to a racial-justice of a “manipulative and coordinated” campaign to
initiative that aims to invest in education, economic spread disinformation around topics including the
The drug, REGN-COV2, which is a combination of two equality and criminal-justice reform. coronavirus.
antibodies, is the latest potential therapy to enter
clinical trials. The only drug that has so far proven to YouTube said it would create a $100M fund aimed at
The social media site said that 23,750 accounts that
effectively treat Covid-19 patients is Gilead Sciences’ amplifying content from black creators, in addition to were spreading “geopolitical narratives favorable to
Remdesivir. highlighting racial justice issues through its official the Communist Party of China (CCP)” were removed.
channel. Another 150,000 accounts designed to boost that
Microsoft said it won’t sell facial-recognition content were also taken down.
technology to US police until there is a national law
regulating its use, echoing similar commitments from
Amazon and IBM. The companies have called for
clearer federal rules around the surveillance
technology amid widespread concern about its
potential for racial bias.
16 Source: CNBCUpdates for States Reopening
6/12 Updates Only
17Top Stories on 6/12
01 02 03
Arizona Cases Increase; State Houston May Have to Implement Georgia Lifts Further Coronavirus
Nears Hospital Capacity Coronavirus Restrictions Again Restrictions
The Arizona Department of Health Services Houston is at risk of having to “backtrack” in its
Georgia Gov. Brian Kemp signed an executive
reported an additional 1,412 new cases, bringing reopening measures, according to Harris County
order lifting certain coronavirus restrictions.
the state’s total to 31,264. The number of cases Judge Lina Hidalgo. “This week, the Covid-19
Residents who are 65 and older are no longer
have climbed by nearly 300% since May 1. The general hospital population in Harris County was
required to shelter in place unless they have
state’s 7-day average of daily new cases as of the highest it’s ever been,” Hidalgo said. “It’s
certain health conditions or live in a long-term
Wednesday was 1,071. A week ago the state was gotten worse every day.”
care facility. The state will also lift capacity limits
averaging 720 daily new cases, according to
on restaurants and dining rooms and allow bars to
Hopkins data. She said the city and county face a “significant”
have up to 50 people beginning June 16. Live
threat and that increases in hospitalizations
While testing has increased over the last couple performance venues can also reopen on July 1.
have raised concern that Houston has reopened
weeks, which could cause an uptick in new cases,
too quickly. If things get worse, she said
the proportion of positive tests has also increased
Houston may have to resort to using NRG
in recent weeks. Arizona hospitals reported that
Stadium as a medical shelter.
they were at 84% capacity on Wednesday, however,
Gov. Doug Ducey later said the state has additional
surge capacity available if needed.
18 Source: CNBC, NY TimesTop Stories on 6/12
04 05 06
Nashville Mayor Delays Next Florida Cases Spike Oregon Pauses Its Reopening,
Stage of Reopening Citing New Infections
Nashville Mayor John Cooper said he intends to Cases in Florida have spiked in recent days, as it
Gov. Kate Brown of Oregon said on Thursday that
curb the city’s next reopening phase after reporting becomes an emerging hot spot. There have
she was pausing efforts to reopen the state’s
a “slightly elevated” average in Covid-19 cases over been more than 1,000 newly reported cases
economy for a week because of a recent rise in
the last two weeks. Nashville’s local health almost every day in the last week, up from daily
coronavirus cases. Brown said her state was
department reported 6,627 total confirmed Covid- increases in the mid hundreds in May.
placing county applications for reopenings on hold
19 cases on Thursday, an increase of 56 cases since in order to give public health experts time to
Wednesday. Nashville is currently in phase 2 of its Even so, Florida continues to reopen. Walt
ensure that the virus wasn’t spreading too quickly.
reopening plan, which allows restaurants and retail Disney World, one of the largest tourist sites in
She described the move as a “yellow light.” Brown
stores to operate at 75% capacity but bars must the world, plans to reopen in mid-July with a
made the announcement hours after a top health
remain closed. The next phase of the city’s limited number of visitors.
adviser to Gov. Larry Hogan of Maryland publicly
reopening plan would allow for restaurants and pushed back against that state’s latest plans to
retail stores to operate at full capacity and bars, ease more restrictions on indoor gatherings. While
clubs, karaoke bars, tours, live entertainment and Maryland’s rate of new cases has been decreasing
“transportainment” businesses to operate at 50% in recent weeks, the state reported more than 500
capacity. new cases on Wednesday.
19 Source: CNBC, NY TimesTop Stories on 6/12
07 08 09
New York on the Way to 5 New York Regions to Open Puerto Rico Opening on July 15
Recovery More Businesses
More businesses will be allowed to reopen in
Roughly 851,000 people rode the subway on Puerto Rico, which had the earliest and strictest
five central and upstate New York regions. The
Wednesday, up slightly from Monday and coronavirus lockdown in the United States,
North Country, Mohawk Valley, Southern Tier,
Tuesday, New York City Transit’s interim president announced on Thursday that much of its economy
Finger Lakes and Central New York regions will
said. Bus ridership was also ticking up, and 92% would reopen next week and that tourists would
move to phase three of reopening, allowing
of riders had worn masks. be welcome again beginning July 15.
restaurants to reopen for indoor dining at 50%
capacity and personal care facilities like spas to
New York City’s first lady announced that the city
reopen also at 50% capacity.
would invest $3M into a restaurant revitalization
program meant to provide support to
The decision comes as the virus recedes in New
unemployed and underemployed workers. The
York, once the epicenter of the country’s
state will allow local municipalities to open public
outbreak, but gains speed in some other states
pools and playgrounds if officials judge it is safe
that were among the first and most aggressive
and follow best practices.
to reopen, such as Texas, Arizona and North
Carolina.
20 Source: CNBC, NY TimesUpdates for Economy
US and Global
21Top Economic Stories This Week - USA
US Jobs Indicate Recovery but Fed Says More Help Needed
• The pace of unemployment claims declined again to 1.5M jobless claims
last week as the US jobs market recovers from the pandemic.
• The record gain in jobs in May is the latest data point that suggests a
sharp recovery for the US economy from the pandemic-induced
recession.
• Larry Kudlow, director of the National Economic Council said the US
economy has now reached a “turning point.” Kudlow said recent job
gains seen in May were driven by the Paycheck Protection Program. He
also cited a recovering housing market and increased Apple mobility
data as factors indicating a growing US economy.
• However, Federal Reserve leaders predict a slow recovery for the US
economy, with unemployment falling to 9.3% by the end of this year and
to 6.5% by the end of 2021.
• The Federal Reserve forecast that interest rates will remain near zero
through 2022 as the economy recovers from the closing of non-essential
businesses during the coronavirus pandemic. The Fed has said
additional funding from Congress could be necessary.
22 Source: CNBCTop Stories: Economy – 6/12
Dow Drops Nearly 7% Amid Fears of Second Wave UK Economy Contracted by 20.4% On-Month in April Due to
Lockdowns
Stocks fell the most since March as the number of coronavirus cases
increases in a number of states that are reopening businesses, raising The UK’s GDP fell by 20.4% compared to the previous month — the
concerns that a second wave of outbreaks could leader to renewed largest monthly fall on record — as lockdowns necessitated by the
shutdowns. coronavirus pandemic battered the economy.
The Dow Jones Industrial Average fell 1,861.82 points or 6.9% at closing Britain entered lockdown on March 23 in a bid to curtail the spread of
time; the S&P 500 dropped 5.9%; and the Nasdaq Composite tumbled the coronavirus pandemic and has confirmed 292,860 infections as of
5.3%. It was the worst day for all three indexes since March 16, when they Friday morning, according to Johns Hopkins University data.
all fell more than 11% as the pandemic started to hit the United States.
Share Price of the World’s Biggest Medical Glove Maker Has More than Tripled this Year
The share price of Malaysian firm Top Glove has surged by more than three times this year as demand for medical gloves saw a significant increase
due to the coronavirus pandemic. The company, which is the world’s largest medical glove maker, said an increase in demand for its products came
“from virtually every country in the world.” Its monthly sales orders jumped by around 180%, with some customers placing orders for delivery more
than a year later. Such an increase in sales helped the company to report a 366% year-over-year jump in net profit to $81.4M in the quarter ended
May.
23 Source: CNBCConsumer Sentiment
Weekly Round Up
24Key Insights This Week
1 Consumers learn to live with the virus
• As the economy opens up around 50% of consumers now perceive the outbreak severity as moderate or better and have a similar or improved
view of US economic health.
• About 75% consumers in areas lifting restrictions support lifting at least some restrictions. In almost all states, people believe restrictions
should be lifted, especially as most states are now open.
2 Consumers willing to share personal data for health reasons
• US consumers are willing to share a variety of personal data—including information about their health, location and online behavior—in an
attempt to stop the spread of COVID-19.
• Some 37% of US adults at least somewhat approved of apps that track virus spread via smartphone user data, while 40% at least somewhat
disapproved, and 22% weren’t sure.
3 #BlackLivesMatter
• According to research, brands are more likely to be viewed unfavorably if they make "no official statement.“ 22% overall said they would have
a less favorable view of a brand that didn't make an official statement, while 15% said they would have a more favorable view. But many said
it would not affect their opinion of a brand.
25 Source: Mintel, Tableau, CNBCAround 50% of consumers now perceive the outbreak severity as moderate or better and have a similar or improved view of US economic health 26 Source: LEK Consulting, COVID-19 in the US: Consumer Insights for Businesses | June 9
Consumer Privacy in the Age of COVID-19
• 35% of respondents would install a mobile app to anonymously send alerts about their own
positive coronavirus test results, while 37% would not, and 28% weren’t sure.
• 43% of US adults believed such apps are an invasion of personal privacy, while a far smaller
group (28%) didn’t, and 29% weren’t sure. Respondents in high-income brackets with at least
college educations had the strongest privacy concerns.
27 Source: eMarketerCOVID-19: Consumer Sentiment and Insights
US consumers want brands to give back to the community in response to current protests
As brands decide on whether or not to weigh in on the current nationwide #BlackLivesMatter protests, new Morning Consult research shows that
brands are more likely to be viewed unfavorably if they make "no official statement.“
22% overall said they would have a less favorable view of a brand that didn't make an official statement, while 15% said they would have a more
favorable view.
While the net favorability of not providing an official statement was negative, it's worth noting that over two-thirds said that it either had no impact
on their favorability toward the brand or that they didn't know/didn't have an opinion.
The action with the highest net favorability for brands for all US adults was to "set up a fund for small businesses impacted by looting," with a net 49
points. Over half (56%) said that they would view a brand that did this more favorably, while only 7% said they would view a brand less favorably.
28 Source: eMarketerCOVID-19: Consumer Sentiment and Insights
Consumers Put Climate Change Ahead Of Younger Consumers More Likely To Say Advertising
Economic Concerns Is Relevant
Younger consumers are more likely than older groups to say they see relevant advertising,
As per the latest report by Ipsos, Consumers are prioritizing climate change over likely a reflection of marketers' efforts to appeal to people when they're still forming
the economy and says it is as important as COVID-19. opinions about brands and are more experimental.
29Source: Media PostUpdates for Marketers
Weekly Round Up
30Key Insights This Week
1 #BlackLivesMatter
• On May 28, The Black Live Matters movement took center stage, surpassing mentions of COVID-19. Gen Z is fueling the Black Lives Matter
movement.
• On Tuesday, people were confused about the #blackouttuesday hashtag, most were not sure whether to post a blank post or resist this to
spread information.
• Many companies have since announced they will be honoring June 19 as Juneteenth to celebrate the end of slavery in America.
2 Advertising starts to see upswing
• While top advertiser concerns for 2021 are about budget, programming and business health, tracking shows that rebound has begun in May.
The percentage citing declines peaked in April to 73% and has since declined to 54% for June.
• June through October are expected to be the biggest rebound months, especially July (21%), suggesting the third quarter will be the effective
rebound for the U.S. ad economy.
• Local TV advertising is also on the upswing as local economies reopen
• Mobile ad engagement is seeing improvement, it is up 15%, but is also accompanied by a significant fall in the volume of creative submitted
to the platform – likely due to budget cuts.
31 Source: Media PostBlack Lives Matter – Social Mentions (1/3)
On May 28, The Black Lives
Matter movement took
center stage, surpassing
mentions of COVID-19
32 Source: Mintel Report – Black Lives Matter – Brands Speak Out – June 3, 2020Black Lives Matter – Social Mentions (2/3)
• Gen Z is fueling the Black
Lives Matter movement.
• 43% of mentions came
from people aged 13-24.
Gen Z is the most diverse
generation ever and that
racial and ethnic diversity
is expected to increase
over time.
33 Source: Mintel Report – Black Lives Matter – Brands Speak Out – June 3, 2020Black Lives Matter – Social Mentions (3/3)
• Overnight, #theshowmustbepaused
initiative morphed into
#blackouttuesday.
• The digital protest took on a life of its
own as it was adopted by others,
spreading beyond music under the
#blackouttuesday hashtag.
• This led to confusion about what was
being asked of participants, many of
whom used blank black posts as a show
of solidarity.
34 Source: Mintel Report – Black Lives Matter – Brands Speak Out – June 3, 2020COVID-19: Marketing and Advertising updates: Black Lives Matter
Twitter, Square, and Vox Media Make Juneteenth Viamedia Encourages Local Communities to Create
Company Holiday Free TV PSAs Promoting Change
Viamedia got a grassroots movement underway this week with the launch of
#ChangeStartsRightHere, a new initiative to foster positive conversations in local
Twitter and Square CEO Jack Dorsey has announced that both companies will honor
communities about the need for change to end racism.
Juneteenth (June 19), a day observed as the end of slavery in the United States, as a
holiday each year.
The independent local TV ad management company is encouraging local business
owners, minorities and law enforcement to create their own 15- or 30-second on-
Vox Media also announced that it will make the day a holiday, and create a fellowship
camera spots about how they work together in their communities, and to upload the
program for black journalists.
videos to Viamedia’s custom portal.
Juneteenth marks the day in 1865 that Major General Gordon Granger went to
Since the PSA launched Monday, it has run more than 3,000 times across Viamedia’s
Galvaston, Texas to announce the end of slavery.
network of more than 1.3 million households.
It also asked viewers in more than 75 markets across 34 states to join the
conversation and contribute to it. The approved messages will run as local PSAs
across cable TV channels in their local community — all free of charge.
35Source: Media PostCOVID-19: Marketing and Advertising updates
Top Advertiser 'Uncertainty Concerns' About The Ad Exec Data Signals Rebound Began In May
2020-21 Upfront
Top advertiser 'uncertainty concerns' about the 2020-21 upfront include budgets, Proprietary tracking study of ad executive ad-spending sentiment show upswing in May,
programming and business health which is actually earlier than what other recent tracking studies have suggested.
36Source: Media PostCOVID-19: Marketing and Advertising updates
YOY Ad Spending Change Each Month ANA Acknowledges 'Systemic Bias' Throughout
Industry, Pledges Change
• Ad executive projections on their year-over-year ad-spending changes indicates
that the percentage citing declines peaked in April to 73% and has since declined • The data shows that May was the low point among respondents ramping up ad
spending and that June through October are the biggest rebound months, especially
to 54% for June.
• According to the most recent Advertiser Perceptions findings, only 29% of ad July (21%), suggesting the third quarter will be the effective rebound for the U.S. ad
executives say they have a "strategy in place" to deal with the "new normal." economy.
37 Source: Media PostLocal spot TV advertising is on the upswing as states begin to re-open
• Not all markets are on the upswing from a local spot ad perspective, but a majority are, indicating a strengthening business environment for many
regions.
• For the week ended April 27, 2020, ad units in 101 out of the top 132 markets increased. While the average increase was 5%, some ad units in some
markets are up by double-digits.
• Ad units in Lansing, Mich., Portland, Maine, Flint, Mich., Harlingen, Texas, Boise, Idaho, and Honolulu, Hawaii, for example, were up more than 20%.
38 Source: Nielsen | June 1COVID-19: Marketing and Advertising updates
US, Global Video Consumption Soars Due To Business Content Consumption Continues To Rise,
Pandemic Shifts From 'Thought Leadership' To 'Social
Listening'
The COVID-19 pandemic drove U.S. consumption of online video views up 53% and Ad industry interest in business-related content continues to climb -- for both
time spent viewing them by 319%. advertisers and agencies -- after crashing initially during the beginning of the U.S.
pandemic restrictions period
39Source: Media PostYou can also read
