Covid-19 Pandemic
 Here’s the latest news: Brazil overtakes France to become 4th in Covid-19 deathsCaution urged in Australia as lockdown loosenedMylan’s partner in Pakistan to sell treatment in two months Our take on the latest developments New York City accounts for 21% of all U.S. deaths from Covid-19. It didn’t have the U.S.’s first outbreak, but it did have the worst. Why? When a cataclysm hits, it’s convenient to look for a single point of blame. Depending on your politics, that might be the mayor or the governor, the president, China, or maybe city living itself. The ultimate cause of New York’s death count defies any easy answer and won’t be understood for years. But there are a handful of factors that contributed to the outbreak, blending together to create a perfect cauldron for the virus. The U.S. shut the door to China, but left European travel open for almost six weeks in February and March. In that time, cases in Italy went from two to 15,000. In the last week before the Europe travel halt, 274,000 people arrived from Europe at New York’s airports. The virus was misunderstood. New York officials told people that only direct, close contact, such as being sneezed on, could spread the illness. “Ride the subway, take the bus,” was the advice from the city’s health commissioner on March 2. Closed spaces like a subway are now thought to be a significant vector of transmission.Density and crowding. New York is built on shared spaces and human interaction. The four densest counties in the U.S. are boroughs of the city. The city was slow to act, only issuing stay at home directives on March 20. By the time that happened, the city was well into an accelerating outbreak, with 4,000 new cases that day. The state sent sick patients back to nursing homes, raising the risk for other residents. Across the state, there are almost 6,000 confirmed and presumed Covid-19 deaths in the homes. The outbreak isn’t over, and in Brazil and elsewhere around the world there are a rising number of cases. New York had the bad luck of being on the early side. What matters now is what it and other cities learn for the next time. –Drew Armstrong Track the Virus Covid-19 Brings Job Reckoning to Silicon Valley Layoffs have hit U.S. tech companies hard since the pandemic started there in March. The industry has cut more than 40,000 jobs, with big reductions at Uber Technologies Inc., Airbnb Inc. and Lyft Inc. Hobbling that industry will have a big impact on the broader U.S. economy.  Bloomberg Bloomberg What you should read San Francisco’s Grim New Reality The rise of remote work and layoffs threaten tech-fueled economy. Testing on Kids is a Next Step Toward Vaccine Children were excluded from first trials will need to join soon. Religious Gatherings Allowed in Indonesia Easing lockdown rules limited to 102 towns where virus is controlled. What to Do With $7,000 Truffles in a Pandemic Premium foods are no longer in demand, leaving producers diversifying Pandemic Spurs New Ideas for a Better Economy Dogmas like balanced budgets have been cast out for no Know someone else who would like this newsletter? Have them sign up here. Have any questions, concerns, or news tips on Covid-19 news? Get in touch or help us cover the story. Like this newsletter? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Follow Us Get the newsletter You received this message because you are subscribed to Bloomberg’s Coronavirus Daily newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022 |
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