Coronavirus live updates: Senate cancels recess, NHL to suspend season

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

  • Global cases: More than 127,749, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,717, according to data compiled by Johns Hopkins University.
  • US cases: At least 1,323, according to data compiled by Johns Hopkins University.
  • US deaths: At least 38, according to data compiled by Johns Hopkins University.

The National Hockey League is expected to suspended its 2019-2020 regular season due to concerns surrounding the coronavirus, a person with knowledge of the situation told CNBC.

The person asked not to be identified as the league has not made an official announcement, which is expected later Thursday. The NHL did not immediately respond to a request for comment. —Young

The Senate will cancel its recess planned for next week as Congress tries to pass a plan to respond to the economic effects of the coronavirus outbreak, Majority Leader Mitch McConnell said Thursday.

“Notwithstanding the scheduled state work period, the Senate will be in session next week,” the Kentucky Republican said in a tweet. “I am glad talks are ongoing between the Administration and Speaker Pelosi. I hope Congress can pass bipartisan legislation to continue combating the coronavirus and keep our economy strong.” —Pramuk

The pan-European Stoxx 600 had plummeted 11% by the close, with travel and leisure stocks sinking 12.8% following Trump’s announcement of a ban on European travel.

The U.K.’s FTSE 100 lost 9.8%, France’s CAC 40 shed 12.3% and Germany’s DAX fell 12.2%. Italian stocks finished nearly 17% lower, which was also the worst single-day loss for the FTSE MIB. —Ellyatt

Human trials testing a potential vaccine to prevent COVID-19 could begin “within a few weeks” with a vaccine ready for public use within the next 12 to 18 months, a top U.S. health official said.

“We said … that it would take two to three months to have it in the first human,” Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases told the House Oversight and Reform Committee at a hearing on the nation’s preparedness for the outbreak.

“I think we’re going to do better than that,” he said. “I would hope within a few weeks we may be able to make an announcement to you all that we’ve given the first shot to the first person.”

The National Institutes of Health has been working with biotech company Moderna to develop a vaccine using the current strain of the coronavirus. —Lovelace, Higgins-Dunn

Source: https://www.cnbc.com/2020/03/12/coronavirus-live-updates.html

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