Coronavirus live updates: Germanys Merkel says most people will get COVID-19, Italy hikes outbreak spending

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern daylight time. This blog will be updated throughout the day as the news breaks. 

  • Global cases: More than 119,476, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,291, according to data compiled by Johns Hopkins University.
  • US cases: At least 1,039, according to data compiled by Johns Hopkins University.
  • US deaths: At least 29, according to data compiled by Johns Hopkins University.

Up to 70% of the population is likely to be infected with the coronavirus that is currently spreading around the world, German Chancellor Angela Merkel said, adding that since there was currently no cure the focus had to be on slowing its spread.

“When the virus is out there, the population has no immunity and no therapy exists, then 60% to 70% of the population will be infected,” she told a news conference in Berlin. “The process has to be focused on not overburdening the health system by slowing the virus’s spread… It’s about winning time.”

Those remarks come as local authorities in Germany reported the third death in the country of a COVID-19 patient. Germany has at least 1,613 cases of the virus, according to Johns Hopkins University. —Reuters

Iran’s death toll reached 354, a rise of 63 in the past 24 hours, a health ministry spokesman said. COVID-19 has infected around 9,000 across the country, Kianush Jahanpur told state TV, calling on people to avoid unnecessary trips and stay at home. —Reuters

COVID-19 cases surpassed 1,000 in the United States overnight as the new flu-like coronavirus sweeps across the country. The virus is now present in at least 35 states and the District of Columbia, according to the Centers for Disease Control and Prevention. Almost half of all U.S. cases are in Washington state, California and New York, where the governors have all declared states of emergency to free up funding for communities battling outbreaks. There were just over 100 confirmed cases in the U.S. on March 4, according to the World Health Organization. —Feuer

Italy’s Prime Minister Giuseppe Conte said the government will set even more money aside to tackle the outbreak, raising it to 25 billion euros ($28.3 billion) — up from 7.5 billion euros announced last week. More than 10,000 people have now been confirmed to have the coronavirus in Italy as a national lockdown remains in place, with even tougher measures being considered. Italy now has 10,149 confirmed cases of the virus, according to Johns Hopkins University and Italy’s Civil Protection agency, and 631 deaths from the virus, up 168 from Monday.

Source: https://www.cnbc.com/2020/03/11/coronavirus-latest-updates.html

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