One county in China locks down after three new asymptomatic virus cases
In a sign of how fragile China’s recovery from the coronavirus’ spread is, one region has ordered a lockdown after the emergence of new cases.
Jia county in Henan province — just north of the Chinese epicenter of the virus, Hubei province — has been locked down after local authorities confirmed three doctors, who showed no symptoms, had tested positive for the disease on Tuesday, according to state-owned online news outlet The Paper.
All public transport has been halted, and residential compounds must launch strict quarantine monitoring, according to an online statement from the Jia county government. China’s National Health Commission announced Thursday that all levels of authorities must report asymptomatic cases within two hours and complete an epidemiological investigation within 24 hours, according to state news agency Xinhua.
The report added that those who test positive for the virus must remain in quarantine until they test negative twice.
European Commission chief says next EU budget must resemble ‘Marshall Plan’ for the region
European Commission President Ursula von der Leyen has said the next European Union budget should take the form of a ‘Marshall Plan,’ Reuters reported Thursday.
Speaking at a news conference, she said the bloc must find “quick answers” in order to fast-track the region’s economic recovery from the coronavirus crisis.
The Marshall Plan was a U.S. initiative designed to help resuscitate the European economy after World War II.
China defends its coronavirus data after report says US intelligence doubted numbers
China denied that it hid the true number of its people who have been infected and killed by the coronavirus outbreak, decrying accusations of concealment as a “despicable attempt to put political interests above human life.”
The blistering statement came a day after Bloomberg, citing three U.S. officials, reported that a classified U.S. intelligence report concluded that China’s public tally of COVID-19 infections and deaths is purposefully incomplete.
In a statement to CNBC, the Chinese Embassy in Washington, D.C., said that Beijing “has fully honored its obligation of notification prescribed by the International Health Regulations, and has been updating the statistics of its confirmed and death cases in an open, transparent and responsible manner.” —Kevin Breuninger
FDA eases blood donation restrictions to address blood supply shortage
The FDA revised guidelines to make it easier for some people to donate blood who were previously restricted.
The revised guidelines lift blood donation restrictions on those who have recently gotten tattoos and piercings, as well as sex workers and injection drug users. People will be able to donate blood three months after getting a new tattoo or piercing rather than one year. Sex workers and injection drug users were previously not allowed to give blood, but can now do so after refraining from sex work or injection drug use for three months.
Gay men will now be able to give blood if they refrain from sexual contact with another man for three months instead of one year.
These changes may be able to address issues with the blood supply in the U.S., according to the FDA. “As a result of this public health emergency, there is a significant shortage in the supply of blood in the United States,” the FDA said in the revised guidelines.
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Chanos says gig economy companies like Uber will emerge from coronavirus crisis ‘harmed’
Billionaire investor Jim Chanos: Coronavirus pandemic is going to hurt the gig economy
The coronavirus pandemic may not be the boon for gig economy companies that some believe it will be, Kynikos Associates Founder Jim Chanos said on CNBC’s “Halftime Report.”
“I think the gig economy companies are going to come out of this harmed, not enhanced,” said the billionaire investor and famous short seller. “I know there’s a body of thought that oh, well everybody will just do food delivery and we’ll all take Ubers and no one is going to buy a car again and I think the flip side of it is that the labor pool issue for the gig economy companies is going to loom very very large coming out of this crisis.”
Chanos said the unemployment benefits being paid to gig economy workers, as outlined in the $2 trillion relief bill, could highlight certain issues with the models of companies like Uber, Lyft and GrubHub. Because these companies classify drivers as independent contractors, rather than employees, the companies have avoided paying into unemployment programs the way a traditional employer would, meaning the payments fall on taxpayers.
Walgreens sees surge of sales in first part of March before dropoff as lockdown orders went into effect across the US
Walgreens Boots Alliance Global Chief Financial Officer James Kehoe said the company saw a surge in sales in the first part of March and then a noticeable drop as lockdowns took effect. He said the company cannot reliably forecast the impact of COVID-19.
Walgreens executives dialed in from different locations to report fiscal second-quarter earnings as they hunkered down and socially distanced from one another.
The international drugstore chain offered clues about how retailers still open during the pandemic may fare. Walgreens leaders described the complexities of predicting business trends, as customer patterns shift rapidly during a global crisis. For example, they said, some customers bought many months of prescriptions. On the other hand, heavily trafficked stores like those on the Las Vegas Strip have been hit hard by closed casinos, restaurants and nearby businesses.
Amazon blocks sale of N95 masks to the public, begins offering supplies to hospitals
Amazon is no longer offering N95 masks to the general public, as it prioritizes the delivery of essential supplies to hospitals, government agencies and other groups amid the coronavirus outbreak.
Earlier this week, the company rolled out a new section of its website dedicated to COVID-19 related supplies. There, any U.S.-accredited hospital or state or federal agency can fill out a form to access necessary items like N95 masks, surgical masks, facial shields, surgical gowns, surgical gloves and large-volume sanitizers. News of the website was first reported by Vox.
The site states it is not accepting requests from the general public, noting: “We are not accepting requests from individuals or non-qualified organizations at this time.” Amazon also noted it will not make a profit from the orders. —Annie Palmer
CNBC