Air traffic increases on July 4th – now comes the difficult part
On the July 4 holiday weekend, an average of 661,811 people per day passed US airport security, an increase of more than 90% over the first five days in June. However, the numbers remain far below the previous year's level. Traffic on TSA's holiday weekend decreased by more than 72% over the same period in 2019.
Airlines are now faced with an increasing number of coronavirus cases at the peak of air traffic.
Carriers who strive to convince travelers that travel is safe, intensify cleaning procedures, and need masks to prevent the spread of Covid-19.
However, the airlines disagree on whether to physically distance passengers on board flights. Some airlines, including Delta and Southwest, have limited the number of seats they sell on flights to space travelers on their aircraft. Other airlines, such as American and United, don't block seats, but notify travelers when the plane is full. – Leslie Josephs
Large private jet companies receive more than $ 200 million in government funds
An airport ground crew prepares a Cessna 510 jet for take-off at Santa Fe Municipal Airport in Santa Fe, New Mexico.
Robert Alexander | Getty Images
According to CNBC's Robert Frank, large private jet companies, including Wheels Up and OneSky Flight, have received more than $ 200 million in government funding through the Payroll Support program.
Some criticized the decision to fund private jet companies, which saw an increase in new customers following the pandemic, but the companies themselves said the financing would prevent layoffs.
NetJets, the largest private jet company, did not apply for funding.
According to the finance department, the amounts provided to each carrier were based on wages and salary costs from September 2019 to April 2019. According to the department, the funds from the program must be used to continue the wages, salaries and benefits of employees be used. –Alex Harring
Companies returned $ 30 billion in Paycheck Protection Program loans
Corporations have returned or canceled more than $ 30 billion in loans approved under the government's emergency paycheck protection program, a senior official said.
The sum of several billion dollars shows that the vast majority of the funds returned came from private companies; According to FactSquared, a data analysis company, public companies have only returned $ 430 million.
The Small Business Administration also reported an incomplete list of companies that had received the PPP relief loan by June 30. President Trump extended the deadline to apply for the PPP until August 8 on Saturday. – Tom Franck
Goldman lowers second-quarter growth prospects given virus resurgence
David Solomon, the CEO of Goldman Sachs, speaks during the Bloomberg Global Business Forum on September 25, 2019 in New York.
Shannon Stapleton | Reuters
Goldman Sachs lowered its gross domestic product forecast in the second quarter as several countries slowed their reopening due to coronavirus spikes. The bank lowered its growth prospects from 33% to 25%, still the fastest quarterly profit since at least 1947.
GDP declined 5% in the second quarter, but is likely to recover due to record-breaking monthly wage growth and a return to manufacturing and construction. However, US coronavirus cases increased 13.4% last week. – Jeff Cox
Countries warn of HIV drug shortages, WHO says
More than 70 countries warned they could run out of essential HIV medication, and 24 countries said their supplies were already "critically low," according to a new World Health Organization survey.
Land and air transportation closings, the failure of suppliers to deliver the medication, and restricted access to health services were among the causes of the interruption of antiretroviral drug [ARV] supply, which the WHO survey found primarily as therapy for the treatment of HIV were used .
In May, WHO and the United Nations Joint Program on HIV / AIDS estimated that AIDS-related deaths in sub-Saharan Africa could double in 2020 alone if ARVs were interrupted for six months.
"The results of this survey are deeply worrying," said WHO Director General Tedros Adhanom Ghebreyesus in a statement. "Countries and their development partners must do everything possible to ensure that people in need of HIV treatment continue to have access to them. We must not allow the COVID-19 pandemic to be the hard-won gains in responding globally Reverses disease. " – Want fire
Mylan plans to sell remdesivir in India below the price it charges rich nations
An employee of the Egyptian pharmaceutical company Eva Pharma holds a pack of vials of Remdesivir, a broad-spectrum antiviral drug approved for specific treatment for COVID-19, at the company's factory, which begins producing the drug with a production capacity of up to this week 10 has started on 1.5 million doses per month.
Fadel Dawood | dpa | Getty Images
Mylan said it plans to sell a generic version of Gilead Sciences' remesivir antiviral drug Coronavirus in India for 4,800 rupees or $ 63.41, Reuters reported. At this price, the cost is approximately 80% below the price that Mylan wealthy nations charge for the drug.
Mylan joins Indian drugmakers Cipla and Hetero, both of which launched generic versions of the treatment last month. Gilead has announced that remdesivir will cost $ 2,340 per patient in rich countries, with much of its care going to the United States.
The price of 4,800 rupees has been quoted for the 100 mg vials, but it is unclear how many vials will be required for a full treatment, according to Reuters. – Alex Harring
Dow jumps more than 300 points as Wall Street shakes off an increase in virus cases
According to CNBC's Fred Imbert, stocks opened significantly higher as Wall Street continued to shake off the surge in coronavirus cases.
The Dow Jones Industrial Average rose 370 points, or 1.4%, while the S&P 500 and Nasdaq Composite rose 1.4% and 1.5%, respectively. – Warner melody
Becton Dickinson granted emergency approval for a rapid antigen test
Becton Dickinson said the U.S. Food and Drug Administration has approved emergency use for a Covid 19 antigen test that can be administered at the treatment site and delivers results within 15 minutes, according to a Reuters report.
Antigen tests look for proteins that are on or in a virus. The FDA has touted the coronavirus pandemic tests because they can be produced quickly and can test patients in a variety of environments, Reuters reported. – Warner melody
Regeneron begins in the late stage of the coronavirus antibody cocktail trial
A technician at Regeneron Pharmaceuticals headquarters in Tarrytown, New York.
Mike Segar | Reuters
Regeneron Pharmaceuticals announced that it has started late-stage clinical trials to assess the effectiveness of its antibody cocktail in the prevention and treatment of Covid-19, Reuters reported.
The company's joint study with the National Institute of Allergy and Infectious Disease tests the therapy's ability to prevent infections in patients who have been closely exposed to a Covid-19 patient. – Warner melody
According to scientists, the WHO must fully recognize the risk of a virus in the air
A group of 239 scientists from around the world are expected to urge the World Health Organization to better recognize the risk of the spread of the coronavirus in the air.
According to a New York Times report, experts will publish an open letter this week outlining why they believe the global health agency needs to revise their recommendations.
The current guidelines of the WHO state that Covid-19 is mainly transmitted between people via breath droplets and contact. However, the authors of the letter argue that recent evidence suggests that airborne transmission may be more important than WHO has previously recognized.
A WHO spokesman told CNBC Monday that he was aware of the reported letter and that the organization's technical experts are currently reviewing its content. The WHO added that it would likely continue to comment on the report at its regular press conference later on Monday. – Sam Meredith
India's total number of cases exceeds that of Russia
A health care worker checks the temperature in the slums of Dharavi during the Covid-19 pandemic on June 20, 2020 in Mumbai, India.
Satish Bate | Hindustan Times | Getty Images
The total number of confirmed cases in India exceeded that of Russia and put the South Asian nation in third place in terms of the number of Covid 19 cases.
India reported a total of 697,413 cases, leading the 686,777 in Russia. This emerges from data compiled by Johns Hopkins University. Adjusted for the population, the outbreak of India with a high population density is many times smaller than that of Russia.
India has reported just over 51 cases per 100,000 population, according to Hopkins' Covid-19 and World Bank population data. Russia reported nearly 475.7 cases per 100,000 population, according to Hopkins' Covid-19 and World Bank population data.
The U.S. and Brazil still reported more cases than any other country in the world, with more than 2.88 million and 1.6 million, respectively, according to Hopkins. – Want fire
Read CNBC's previous live coverage of coronaviruses here: Fauci says contact tracking is "not going well," Texas and Florida are resetting plans to reopen