Dow falls 200 factors as journey shares slideShares opened decrease, led by shares that might straight profit from an financial restoration, review
Dow falls 200 factors as journey shares slide
Shares opened decrease, led by shares that might straight profit from an financial restoration, reviews CNBC’s Fred Imbert and Yun Li. The Dow Jones Industrial Common traded 200 factors decrease, or 0.8%. The S&P 500 slid 0.6% and the Nasdaq Composite dropped 0.3%. —Melodie Warner
Regeneron indicators $450 million contract with U.S. authorities for its coronavirus remedy
Brazil’s Bolsonaro examined for Covid-19 after feeling unwell
The President of Brazil Jair Bolsonaro seems on the ramp of the Planalto Palace to wave to his supporters amidst the coronavirus (COVID-19) pandemic on the Planalto Palace on Might 15, 2020 in Brasilia.
Andressa Anholete | Getty Photographs
Brazilian President Jair Bolsonaro has been examined for the coronavirus, shortly after the presidential palace confirmed to NBC Information that he had been feeling unwell and was operating a excessive temperature.
An affiliate to CNN in Brazil had reported that the right-wing chief examined constructive for the virus, however this has not been verified by CNBC or formally confirmed.
The outcomes of Bolsonaro’s check for Covid-19 are anticipated at round 11 a.m. ET. —Sam Meredith
Novavax joins Operation Warp Pace
Biotech firm Novavax introduced it was awarded $1.6 billion from the U.S. authorities to assist speed up the late-stage improvement and manufacturing of its coronavirus vaccine candidate, Reuters reported.
It’s the largest funding made thus far by way of Operation Warp Pace, the Trump Administration’s effort to expedite the event and manufacturing of medication and vaccines to assist fight the virus. Novavax inventory soared greater than 35% in premarket buying and selling on the information.
The federal authorities has additionally made investments by way of Operation Warp Pace in Johnson & Johnson’s vaccine candidate, Moderna’s and AstraZeneca’s potential vaccine, which is being developed with Oxford College.
Novavax mentioned the award will assist fund its section three trial, anticipated to start within the fall, and assist it to prepared 100 million doses for distribution as early as the top of the 12 months if the potential vaccine proves secure and efficient in people. —Will Feuer
Learn CNBC’s earlier coronavirus stay protection right here: Australia closes interstate border; California asks indoor companies to shut