Covid-19 Daily News Updates – Download August 6, 2020
Covid-19 Daily News Updates brought to you by Skyline Entourage to support businesses during the Covid-19 pandemic. We know as business owners and marketers that working from home cam be hectic. This is meant to serve as another resource you can rely on from our team to help support you.
For your convenience we’ve prepared a downloadable PDF of Covid-19 Daily News Updates and headlines. You can download your copy that you can share with your team here. Click Here to Download a PDF version.
- The federal government has announced a deal with Pfizer Canada Inc and U.S. biotech firm Moderna, to supply millions of doses of their potential COVID-19 vaccines to Canada. According to agreement, deliveries are to take place next year. Questions remain around cost and volume.
- Canada is being pressured to take sides in the digital technology battle of the potential Tik Tok sale to Microsoft. However, feelings rise that the debate is fueled more by politics and policy. Canada is once again forced to take sides in an emerging digital tech battle and tries to not get too involved.
- Study published by Hema-Quebec says more than three times the official number of infected people have contracted the virus, bringing the number of cases to 125,000 between ages 18 to 69. This still represents a small proportion of the population and we are still far from herd immunity.
- Bombardier reported a surprising second quarter loss, hurt by higher costs in its train business and a more than 40% drop in business jet deliveries due to the pandemic. The company reported an additional charge of $435 million in its rail business in the second quarter.
- Bristol Meyers Squibb Co. raised its annual profit forecast in hopes of a recovery in sales of its hospital administered drugs, which had taken a hit as patients stayed away from doctors’ offices. Pfizer and Merck are also expecting medical visits to return to normal by fourth quarter.
- U.S. employers have announced another 262,649 job cuts in July as the pandemic continues to weigh on demand. Layoffs reported by a global outplacement firm were up 54% from June. July’s job cuts brought the total so far this year to 1.848 million, which is up 212% from the same time last year.
- Stocks slipped as many investors wait for sign of agreement on U.S. aid package to counter pandemic damages. The Euro Stoxx 600 fell 1%, with London’s FTSE shedding 1.6% as the pound jumped to five-month high. Paris fell 1.2% and Frankfurt 0.9%.
- Bank of England announces that the country’s economic downturn to be less severe than expected but that its recovery will take longer. The faster easing of restrictions and “more rapid” pick-up in consumer spending contributed to the economic rebound.
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