Coronavirus live updates: Outlook for virus to spread in US, Sanofi works on vaccine with US health agency

This is a live blog. Please check back for updates.

All times below are in Eastern time.

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

Indian hospitality chain Oyo said it’s keeping as many hotels as possible open in China despite the outbreak, its CEO told CNBC’s “Squawk Alley.” In the outbreak’s epicenter of Wuhan, the hospitality chain has locations open at reduced prices to accommodate doctors and those stranded by travel restrictions. There are even available rooms at Oyos surrounding the Wuhan hospital that was built in less than two weeks. However, it’s too early to tell how the outbreak will impact business, according to Oyo CEO Ritesh Agarwal. Oyo has 9,000 hotels in China, making the country its second-biggest market. — Miller

Mondelez CEO Dirk Van de Put said today at a conference that the company has reopened its four plants in China, but they are not running at full capacity yet. The Oreo-maker expects to see some impact on its revenue and margins as a result of lower Chinese demand for its snacks during the Lunar New Year holiday, but Van de Put said that the company’s outlook “is still the best we can give you.” None of its employees have been sickened by the outbreak. — Lucas

General Motors, Fiat Chrysler and Toyota Motor on Tuesday confirmed that they’ve reopened their factories or are beginning to restart production in China following an extended holiday shutdowns due to the COVID-19 outbreak. Michael Palese, a spokesman for Fiat Chrysler, said the company’s plant in Guangzhou, located hundreds of miles south of the coronavirus epicenter in Wuhan, has resumed production this week. The company’s second assembly plant in China is “expected to resume operations soon,” he said in an email. — Wayland

World health officials have confirmed 92 cases of human-to-human transmission in 12 countries, director-general of the World Health Organization Tedros Adhanom Ghebreyesus said at a news briefing. Singapore “At the moment, we don’t have enough data on cases outside China to make a meaningful comparison on the severity of disease or the case fatality rate,” he said. “However, we have not yet seen sustained local transmission, except in specific circumstances like the Diamond Princess cruise ship.” — Feuer

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

You may like

In the news
Load More