Coronavirus live updates: COVID-19 more fatal in men, France warns of pandemic risk

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All times below are in Eastern time.

Total confirmed cases: More than 73,400
Total deaths: At least 1,874

Men have a higher risk of death than women if they contract the new strain of coronavirus, Chinese researchers have concluded, in the largest study on the outbreak to date. In research published Monday analysts studied 72,314 patient records from the Chinese Centre for Disease Control and Prevention, or CCDC. The records detailed 44,672 confirmed cases of the coronavirus, 16,186 suspected cases and 889 cases where the carrier of the coronavirus displayed no symptoms. Patients were categorized into three groups depending on whether their symptoms were mild, severe or critical. The vast majority of confirmed cases were recorded in people between the ages of 30 and 69, according to the research. Most of those diagnosed with the coronavirus — formally named COVID-19 — had reported “Wuhan-related exposures,” while 81% of the confirmed cases were classified as mild. — Taylor

InterContinental Hotels, IHG, warned that fewer travelers are booking its rooms in China because of the COVID-19 outbreak. The owner of the Holiday Inn chain has been highlighted by analysts as among the European companies most directly exposed to the epidemic. The group had begun to see an impact on bookings in late January and has now closed or partially closed 160 of its 470 hotels in Greater China, it said . The company’s annual results on showed that revenue per available room (RevPAR) had already declined by 4.5% last year in Greater China while performance in European and U.S. markets was little changed. Based on current disruption the impact equates to about $5 million a month for IHG’s mainland China business, Chief Executive Keith Barr said on an analysts call, describing the decline as “a short-term blip”. Barr added that the region contributes less than 10% of group profit.  — Reuters

Apple’s suppliers and partners are getting hit hard following the iPhone maker’s revenue warning due to the coronavirus epidemic in China, underscoring fears about the financial fallout of the outbreak. Qorvo, a radio frequency chip supplier for Apple, fell nearly 3% in premarket trading. Credit Suisse estimates 30% of Qorvo’s revenues come from Apple. Chip company Skyworks Solutions, with about half of its sales from Apple, fell 2.7% and Lam Research ticked 3% lower. Other chip suppliers like Broadcom, Micron and Intel, fell 2.2%, 2.5% and 1.2%, respectively. About 20% of Broadcom’s revenues come from Apple and about 5% of Micron and Intel’s come from the iPhone maker. Semiconductor companies Nvidia and Xilinx dropped 1.5% and 1.7% in premarket trading. Apple said Monday that it does not expect to hit its quarterly revenue forecast due to lower iPhone supply globally and lower Chinese demand as a result of the coronavirus. — Fitzgerald

General Mills said nearly half of its Haagen-Dazs ice-cream shops in Greater China had been temporarily closed, amid the rapid spread of the coronavirus in the world’s second biggest economy. The epidemic, which has claimed nearly 1,900 lives, has forced companies with significant exposure in China to temporarily shut stores. Some have also warned of a hit to their earnings. General Mills said it could not quantify the impact of the outbreak on its fiscal 2020 results at the time, although it reaffirmed its forecast for the fiscal year ended May 31. The Greater China region accounts for about 4% of the company’s net sales, with Haagen-Dazs shops and other foodservice outlets making up about 40% of that. The Minneapolis, Minnesota-based company said Haagen-Dazs stores that remained open were operating under severely restricted hours. The company operated 525 Haagen-Dazs ice-cream parlors and franchised 365 more outside of the United States and Canada, as of May 26, according to a regulatory filing. — Reuters

Source: https://www.cnbc.com/2020/02/18/coronavirus-latest-updates.html

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