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Holiday could undo virus progress

SIOUX FALLS, S.D. (AP) — South Dakota health officials warned Wednesday that the state’s recent progress in slowing the COVID-19 infection rate could be undone by holiday gatherings.

The state added 28 more deaths from the illness caused by the coronavirus, pushing the November total to 424, which is one fewer than the 425 the state had in every other month of the pandemic combined.

Despite the sharp increase in deaths, the average number of new daily cases has declined over the past two weeks. But health officials warned that Thanksgiving gatherings could lead to a resurgence.


Although cases have recently had a modest drop, South Dakota still has the nation’s second-highest number of new cases per capita over the last two weeks, according to Johns Hopkins researchers. Roughly one out of every 50 people has tested positive in the last two weeks, according to Johns Hopkins researchers.

“We are

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China stepping up virus testing on imported food packaging

China is stepping up virus inspections on imported food packaging as cooler weather brings new waves of coronavirus infections in several overseas countries, Chinese officials said Wednesday.

Packaging is “not exempt” from carrying the virus, deputy director of the National Food Safety Risk Assessment Center Li Ning told reporters.

While the coronavirus positivity rate for tests on packages was just 0.48 per 10,000, that proportion is increasing along with the number of tests being conducted, Li said.

She said the virus could “to some extent” be passed to humans from packaging, although neither Li or any other official at Wednesday’s news conference mentioned any such confirmed cases.


Chinese testing of packaging has stirred some controversy, with exporters of frozen food items questioning the science behind it and whether it amounts to an unfair trade barrier. China has defended the practice as an additional measure to prevent the virus’s spread.

Through

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Top Glove warns on deliveries after virus outbreak shuts plants

KUALA LUMPUR (Reuters) – Malaysia’s Top Glove Corp expects deliveries to be delayed and sales to fall below its forecasts after thousands of positive COVID-19 tests among its workers forced the world’s biggest rubber glove maker to shutter some factory operations.

The firm said some deliveries could be delayed by four weeks and new orders could take longer to process, while sales could fall 3% short of its projections for the 2021 financial year. Its shares were down by as much as 7.5% on Tuesday.

“To minimise the impact on our customers, we are allocating sales orders to unaffected factories and rescheduling deliveries where possible,” it said in a statement.

Top Glove’s shares, which have soared this year as global demand for protective gear has surged in the pandemic, slipped after the government said it would close 28 of the firm’s factory buildings in phases to screen and quarantine workers

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China FM in Japan to discuss virus, regional concerns

Chinese Foreign Minister Wang Yi is in Japan to meet with his Japanese counterpart and discuss ways to revive their pandemic-hit economies as well as regional concerns over China’s growing influence

During his two-day visit, Wang and Japanese Foreign Minister Toshimitsu Motegi are to discuss resuming business trips between the world’s No. 2 and No. 3 economies through a “business track” program that would allow visitors to engage in limited business activity during 14-day quarantine periods. Japan recently launched such arrangements with a few less-infected Asian countries.

Wang’s visit comes as Japan is grappling with resurgence of coronavirus infections and the

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Hong Kong to Close Bars, Clubs, Local Media Say: Virus Update

(Bloomberg) — Hong Kong plans further measures to tighten social distancing rules, while Japan is moving toward actions to contain the virus from spreading rapidly.

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AstraZeneca Plc’s vaccine showed potential in halting severe cases of Covid-19, according to the leader of the U.S. government’s Operation Warp Speed program. The British drugmaker and its partner said the shot prevented the majority of people from getting the disease.

Prime Minister Boris Johnson confirmed England’s national lockdown will end next week, to be replaced by a three-tier system of regional restrictions.

Key Developments:

Global Tracker: Cases pass 59 million; deaths top 1.39 millionAstra shot that works better in smaller doses raises questionsVaccine breakthroughs put Covid protection within reachWorld economy risks buckling into 2021 despite vaccine nearingWhere air travelers are most concerned about catching CovidWhy making a Covid vaccine is only the first hurdle: QuickTake

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Asian stocks rise ahead of US economic data amid virus fears

Asian stocks have risen as investors look ahead to quarterly U.S. economic data and updates on anti-coronavirus curbs on business amid wrangling over the American presidential election

Market benchmarks in Shanghai, Seoul and Sydney rose while Hong Kong retreated. Japanese markets were closed for a holiday.

Investors looked ahead to U.S. economic growth data due out Wednesday after Wall Street’s benchmark S&P 500 index ended last week down as rising infection numbers collided with hopes for a possible vaccine. Also Wednesday, the U.S. Federal Reserve is due to report on its latest meeting, though no surprises are

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Senator Kelly Loeffler of Georgia is in isolation after testing positive for the virus.

Senator Kelly Loeffler of Georgia, a Republican who is campaigning in a high-stakes runoff election that could determine control of the Senate, is isolating after testing positive for the coronavirus on Friday evening and then receiving an inconclusive result on Saturday, a campaign spokesman said.

Ms. Loeffler has worn masks while interacting with people, but was indoors and unmasked among unmasked crowds at an event on Thursday. She wore a mask while greeting voters who lined up to meet her.

On Friday morning, she took two coronavirus tests, according to her campaign spokesman, Stephen Lawson.

One of those was a rapid test, which came back negative, and Ms. Loeffler “was cleared to attend” events on Friday, including a rally with Vice President Mike Pence and Senator David Perdue of Georgia, Mr. Lawson said. But the second test, a polymerase chain reaction, or P.C.R., test — which is considered more accurate

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Virus Surge Threatens Newfound U.S. Corporate Profit Optimism

In a year that saw corporate forecasts canceled faster than travel plans, the third-quarter U.S. earnings season brought a sense of normalcy with better-than-expected profits and rising forecasts. Now a second wave of Covid-19 infections and renewed lockdowns threaten to cloud those views.

With results from most of the S&P 500 companies in, nearly 85% have beaten profit estimates, according to data compiled by Bloomberg. About half of those that have reported raised fourth-quarter earnings forecasts, the largest proportion to do so in at least a decade.

While an effective vaccine is expected to be widely distributed in 2021, surging U.S. infections are causing renewed angst as government officials re-impose the kind of restrictions that squelched the economy and roiled markets earlier this year. The outlook gets murkier when you add in President Donald Trump’s refusal to accept the election outcome and control of the U.S. Senate hanging in the

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Iran closes businesses, curtails travel amid virus surge

TEHRAN, Iran — Iran on Saturday shuttered businesses and curtailed travel between its major cities, including the capital of Tehran, as it grapples with the worst outbreak of the coronavirus in the Mideast region.

Top Iranian officials initially downplayed the risks posed by the virus outbreak, before recently urging the public to follow measures like wearing masks and avoiding unessential travel.

Iran has recorded daily death tolls of above 430 over the past five days. The Iranian Health Ministry said on Saturday that the total number of confirmed cases has risen to above 840,000.

The new lockdown measures, which include shuttering most businesses, shops, malls, and restaurants, include Iran’s largest cities of Mashhad, Isfahan, and Shiraz. Iranian authorities have designated the nearly 160 towns and cities affected as hot spots because these urban centers have the highest daily per capita positive coronavirus test results.

On Saturday, Iranian President Hassan Rouhani

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California Hits Record; Toronto Locks Down Again: Virus Update

(Bloomberg) —

New Jersey and Illinois said they expect to receive Covid-19 vaccine doses, as Pfizer became the first company to apply for emergency use authorization in the U.S. for the vaccine developed with BioNTech SE.

California reported a record number of new infections. The share of U.S. hospitals anticipating a critical staff shortage within seven days rose to a record.

Toronto, Canada’s biggest city, will go back into lockdown, as Brazil surpassed 6 million total infections.

Global Tracker: Cases reach 57.3 million; deaths 1.3 millionPfizer’s Covid vaccine still faces hurdles after FDA filing FridayOne in five U.S. hospitals face staffing crisis within a weekEU could approve BioNTech, Moderna vaccines in DecemberOnly the best London offices thrive in an emerging Covid divideTracking Covid-19 hospitalizations in the U.S.Vaccine Tracker: Encouraging breakthroughs offer hope

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the

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