Tuesday marked the third consecutive day the U.S. set a record high of average daily Covid-19 cases. The number of new U.S. cases on Tuesday hit an all-time high of 71,832, on a seven-day-average, topping the prior record set on Monday, according to a CNBC analysis of data from Johns Hopkins University. The seven-day-average of daily cases reflects a roughly 21% increase compared with a week ago, according to JHU data.
Here are some of Wednesday's biggest developments:
The following data was compiled by Johns Hopkins University:
- Global cases: More than 44.48 million
- Global deaths: At least 1.17 million
- Countries with the most cases: United States (more than 8.85 million), India (more than 8.04 million), Brazil (more than 5.46 million), Russia (more than 1.55 million), France (more than 1.28 million)
U.S. reports more than 80,000 new coronavirus cases on Wednesday
The U.S. reported another 80,662 coronavirus cases on Wednesday, according to a tally kept by NBC.
The U.S. also reported an additional 996 deaths in the last day.
NBC said the number of new cases surpassed the previous high of 79,303, set last Friday.
However, the NBC figure still falls short of a separate daily total reported by Johns Hopkins University on Saturday. — Yen Nee Lee
Mexico's coronavirus death toll crosses 90,000
Mexico reported an additional 495 deaths from Covid-19 over the last day, taking its death toll to 90,309, according to Reuters, which cited data from the health ministry.
The number of coronavirus-related deaths in Mexico is the fourth largest globally, behind the U.S., Brazil and India, showed data compiled by Johns Hopkins University.
The Mexican health ministry also confirmed another 5,595 cases, taking the country's official cumulative infections to 906,863, reported Reuters. — Yen Nee Lee
Gilead’s revenue rises 17% driven by sales of Covid treatment remdesivir
Gilead's antiviral drug remdesivir, under the brand name Veklury, generated $873 million in sales during the third quarter, mostly in the U.S., the company said. Gilead said in August that it planned to produce more than 2 million treatment courses of remdesivir by the end of the year and anticipated being able to make "several million more" in 2021.
"We're... now in position to meet global demand because of the work we've done since January to ramp up our supply," CEO Daniel O'Day said during an investor call on Wednesday. —Noah Higgins-Dunn
Boeing warns pandemic will pressure defense spending, too
Boeing's defense unit has been relatively stable as the company struggles with two major crises: the 737 Max and now the coronavirus pandemic.
But even that could be under pressure in the coming months, Boeing's CEO warned.
"We're not planning on defense spending to go up in any appreciable way," CEO Dave Calhoun said on an earnings call Wednesday. "In fact, we believe there will be pressure on defense spending as a result of all the COVID-related spending that's been — that governments around the world have been experiencing. So I don't think we're looking at that world through rose-colored glasses. I expect real pressure on that market."
Boeing's third-quarter revenue dropped 29%from a year earlier to $14.1 billion. Defense-unit revenue dropped just 2% to $6.8 billion, compared with the 56% decline in its commercial airplane business to $3.6 billion.
Boeing's shares ended the day 4.6% --Leslie Josephs
Germany to impose new restrictions on businesses
German Chancellor Angela Merkel said the country will implement a four-week shutdown of restaurants, bars, cinemas, theaters and some other such facilities beginning Nov. 2 to try to stopgap the coronavirus' spread.
The number of Covid-19 patients in intensive care across the country has doubled over the past 10 days, Merkle said. She added that Germany's hospitals will hit capacity in the coming weeks if that pace continues.
Shops, schools and day cares will remain open, she said, but will face new restrictions on capacity. Restaurants will remain open for takeout, Merkel said. She implored citizens to avoid unnecessary travel. — Noah Higgins-Dunn, Will Feuer
French President Emmanuel Macron imposes new nationwide lockdown as coronavirus cases surge
French President Emmanuel Macron imposed a new nationwide lockdown as coronavirus cases surged in his country. The lockdown will go into effect from Friday.
The restrictions will be in place at least until Dec. 1 and are similar to those imposed back in spring.
The new restrictions will mean people have to stay in their homes except to go out and buy essential goods, seek medical attention, or exercise.
People will be allowed to go to work if their employer deems it impossible for them to do the job from home, and - in a departure from the previous lockdown in March - most schools will remain open.
"The virus is circulating at a speed that not even the most pessimistic forecasts had anticipated," Macron said. "Like all our neighbours, we are submerged by the sudden acceleration of the virus."
— Riya Bhattacharjee, Reuters.
Dr. Anthony Fauci to appear on The News with Shepard Smith tonight
White House coronavirus advisor Dr. Anthony Fauci is scheduled to join The News with Shepard Smith at 7 p.m. ET on Wednesday to discuss the latest spike in coronavirus cases across the U.S.
Trump has blamed the latest spike in coronavirus cases on more testing, despite top administration officials saying otherwise. — Noah Higgins-Dunn
Boston Marathon postponed to at least fall of 2021
The Boston Athletic Association (B.A.A.) announced that the 125th Boston Marathon will be postponed until at least the end of 2021.
"With fewer than six months until Patriots' Day and with road races prohibited until Phase 4 of the Massachusetts reopening plan, we are unable to host the Boston Marathon this coming April," said B.A.A. CEO Tom Grilk. "By shifting our focus to a fall date, we can continue to work with stakeholders to adjust the in-person experience for runners and supporters alike. Prioritizing the safety of participants, volunteers, spectators, and community members, we continue to assess all elements of the race including a potential reduced field size or weekend date."
A date for 2021 has not yet been selected. —Riya Bhattacharjee
Italy posts record number of daily new cases
Italy reported 24,991 new cases of Covid-19 within 24 hours with a notable rise in cases from the Lombardy region, Reuters reported, citing the country's health ministry.
The country reported 205 deaths during that 24 hours, which was down from the day before.
The Lombardy area, which includes Milan, reported 7,558 new cases of the coronavirus and is the hardest-hit region in the country, according to Reuters. —Chris Eudaily
Student loan break stops at the end of the year, will it be extended?
In March, the U.S. Department of Education announced that borrowers could pause their payments without interest accruing until September. Then, President Donald Trump signed an executive order that extended the reprieve through the end of the year.
There's some hope the reprieve will be extended, but if it's not, experts say to expect default rates to jump. –Annie Nova