The Republican National Committee announced that it had selected Jacksonville, Florida, as the site where President Donald Trump will accept the party's nomination. That comes after the party bailed on Charlotte, North Carolina, over coronavirus restrictions.
As the world waits for a coronavirus vaccine, some scientists are proposing that existing vaccines could give the body’s immune system a much-needed temporary boost to stave off infection.
A number of vaccine efforts are planning to start final-stage trials this summer, while the Walter Reed Army Lab is beginning human trials.
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- Reopening America: See what states across the U.S. have already reopened.
- The coronavirus has destroyed the job market in every state. See the per-state jobless numbers and how they’ve changed.
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U.K. economy shrinks 20% in a month to fall back to 2002 level
The British economy has seen nearly two decades worth of growth wiped out in a single month as a result of the lockdown measures put in place during the coronavirus pandemic.
The Office for National Statistics said Friday that the economy shrank by a colossal 20.4% in April, the first full month that the country was under lockdown to contain the spread of the virus. All areas of the economy were hit during the month, in particular pubs, education, health and car sales.
The monthly decline was unprecedented in scale and, adding the more modest 5.8% decline in March, means the U.K. economy is around 25% smaller than it was in February.
With much of the economy still mothballed in May and June, the U.K. is heading for one of its deepest recessions ever — the Organization for Economic Cooperation and Development has warned that the country is set to be the hardest-hit developed economy this year.
Lockdown restrictions are slowly being eased, which should see the economy to start to pick up. On Monday, for example, nonessential shops, such as department stores and electronic retailers, can reopen if they can abide by social distancing requirements.
Georgia to remove most restrictions on restaurants and movie theaters
Gov. Brian Kemp on Thursday signed an executive order that will remove many restrictions in Georgia next week on June 16, including allowing restaurants and movie theaters to no longer enforce maximums on the number of people who can sit together.
Also beginning on June 16:
- Bars can allow up to 50 people
- Residents 65 and older no longer have to shelter in place
- Gatherings may now include up to 50 people
- Professional, amateur, collegiate and high school sports can resume, but must follow health rules set by their respective leagues and organizations
- Walk-ins for barber shops, salons, tattoo parlors, massage parlor and tanning salons may resume
The order comes on the same day Georgia reported 993 new cases of coronavirus and 46 deaths.
Dow plunges nearly 7 percent on concerns of coronavirus resurgence
U.S. stocks dropped sharply on Thursday as investors weighed sobering economic forecasts and new data, along with indications that the COVID-19 pandemic is far from subsiding.
The Dow Jones Industrial Average closed down 1,861 points, or 6.9 percent, and the S&P 500 was down 5.9 percent, the biggest fall since March 16. Just a day before, the Nasdaq Composite hit an intraday high.
On Thursday, several sectors including hospitality and leisure suffered steep declines. As more than 20 states report a climb in coronavirus cases, there are new worries that consumers will be reluctant to return to restaurants and take trips.