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Fears of Double-Dip Recession Spike With Covid Surge
Posted
November 11, 2020
Views
1,356
Likes
36
Comments
4
Engagement
2.95%
November 11, 2020
1,356
36
4
2.95%
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5:26Now PlayingNew York City’s average of people testing positive for Covid-19 is approaching the safety threshold that would force a shutdown of schools, and the mayor said the city has one “last chance” to halt a second wave. Texas’s caseload topped 1 million, while U.S. hospitalizations rose to a record.
A deadly resurgence continued in Europe, with the U.K. becoming the first country in the region to surpass 50,000 deaths. Germany reported its highest daily fatalities since mid-April, and a state premier warned that Christmas markets and religious services may be in jeopardy with the current rate of infection.
On the vaccine front, Brazil reversed its decision to suspend Sinovac Biotech Ltd.’s trials amid criticism the decision was politicized. The developer of Russia’s flagship shot said it shows a 92% efficacy rate in preventing infections, days after Pfizer Inc. reported a similar breakthrough for its rival vaccine.
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