You are here: Home » International » News » Others
Business Standard

World Coronavirus Dispatch: First vaccine results likely by mid-September

New app to link testing centres across Africa, two in China jailed for not quarantining themselves, Softbank unmasked as 'Nasdaq whale' and other pandemic-related news across the globe

Coronavirus | Coronavirus Vaccine | Global economy

Yuvraj Malik  |  New Delhi 

Photo: Shutterstock
The first results showing whether a vaccine can stop people from getting the virus could come by mid-September from AstraZeneca

Two people who returned to their hometown after contracting the in the Chinese city at the centre of the outbreak in January have been sentenced to prison for failing to quarantine themselves or report the visit. After returning from Wuhan, the pair visited supermarkets and other public places in the western city of Yibin in Sichuan province for more than a week before showing symptoms, the Chinese court said on Saturday. Read more here

Let’s look at the global statistics:

Total Confirmed Cases: 26,873,146

Change Over Yesterday: 249,584

Total Deaths: 879,307

Total Recovered: 17,917,644

Nations hit with most cases: US (6,244,970), Brazil (4,123,000), India (4,113,811), Russia (1,017,131) and Peru (676,848)

Source: Johns Hopkins Coronavirus Research Center


SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally

SoftBank is the “Nasdaq whale” that has bought billions of dollars’ worth of US equity derivatives in a series of trades that stoked the fevered rally in big tech stocks before a sharp pullback on Thursday and Friday, according to FT sources. The Japanese conglomerate had been snapping up options in tech stocks during the past month in huge amounts, fuelling the largest ever trading volumes in contracts linked to individual companies. One banker described it as a “dangerous” bet. The aggressive move into the options market marks a new chapter for the investment powerhouse, which in recent years has made huge bets on privately held technology start-ups. Read more here

Covid vaccine front-runners will soon see their moment of truth

The first results showing whether a vaccine can stop people from getting the virus could come by mid-September from AstraZeneca, according to Airfinity, an analytics company that tracks drug trials. The drug maker has pledged as many as 30 million doses to the UK by the end of the month.

Two other contenders -- the US’s Moderna and the US-German partnership of Pfizer and BioNTech SE -- may also have initial data before a key FDA meeting on virus vaccines scheduled for October 22. The federal government has told states to prepare for a vaccine by November 1. A fourth candidate, China’s Sinovac Biotech, could have preliminary results shortly after the FDA meeting. Read more here

This app could be crucial to reopening borders across Africa

Two major African public bodies are promoting a new technology that could connect the continent’s Covid-19 testing centres and ease a reopening of travel across the region. The African Union and the Africa Centres for Disease Control and Prevention are encouraging member states to integrate the mobile-based PanaBIOS platform that would allow results from facilities across the continent to be centralized. So far, only Ghana is using the service. Most African nations have either kept their borders closed since the pandemic began to spread or reopened with tight restrictions. Some require multiple negative tests and, in some cases, self-isolation at a designated hotel at the expense of the traveler. Read more here

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, September 06 2020. 17:48 IST