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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 4.3 million
- Global deaths: More than 296,600
- Most cases reported: United States (over 1.38 million), Russia (over 242,200), United Kingdom (over 230,900), Spain (over 228,600), Italy (over 222,100)
The data above was compiled by Johns Hopkins University as of 8:30 a.m. Beijing time.
All times below are in Beijing time.
8:21 am: Japan’s Takeda says treatment trial using recovered patients’ blood could start in July
Japan’s Takeda Pharmaceutical said it could begin a clinical trial for a potential treatment as early as July, Reuters reported. The treatment would be based on antibodies from people who have recovered, the news agency said, citing Takeda executives.
If the trial, which would include hundreds of patients, succeeds, then Takeda could file for approval by U.S. authorities later this year, according to Reuters. Still, Takeda said the treatment’s availability beyond the clinical study remains “a bit unclear.” — Saheli Roy Choudhury
8:10 am: NYC City Council votes to cap app delivery fees at 15% during state of emergency
New York City lawmakers passed a new 15% delivery fee cap Wednesday that would apply to third party services like GrubHub and Uber Eats during states of emergency, where restaurants can’t serve food on premises.
The caps would extend 90 days after the emergency state lifted. The fee would be capped at 5% for other types of services.
People queue to collect food distribution at Harlem’s Community Kitchen and Food Pantry service by the Food Bank for New York City during the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, May 9, 2020.
Andrew Kelly | Reuters
The law, which still needs to be signed into effect by Democratic Mayor Bill de Blasio, would be a blow to delivery services that have seen surging demand during the pandemic, but are still not profitable.
But it could help restaurants maintain some profits as they have had the most lucrative part of their business shut down. Restauranteurs have complained for years of delivery fees on third party apps and their calls have been elevated during the crisis. — Lauren Feiner
8:02 am: Global cases top 4.3 million, death toll exceeds 296,000
More than 4.3 million people around the globe have now been infected with the coronavirus since an outbreak was first reported in China’s Hubei province late last year. At least 296,690 people have died from Covid-19, the respiratory disease caused by the virus, according to data compiled by Johns Hopkins University.
The United States has the highest number of reported infection cases, topping 1.38 million, and more than 84,000 people have died. Outside the U.S., countries like Russia, the United Kingdom, Spain, Italy, and Brazil remain some of the worst-affected places. — Saheli Roy Choudhury
Read CNBC’s coverage from the U.S. overnight: Records show Tesla furloughed more than 11,000 in California, Maryland lifting stay-at-home order on Friday