US COVID-19 Hospitalizations Match April Highs As US Tops 100k Cases For 6th Day: Live Updates

Summary:

• US cases top 100k for 6th day
• Hospitalizations match April records
• Pfizer vaccine to be offered at below-market rates
• Global cases near 51 million
• New study shows COVID patients could be at higher risk of
  mental-health issues
• Denmark warns of mink farms’ threat to human health

* * *

The trajectory, and potential, of COVID-19 vaccine projects
remained the biggest COVID-19 story of the day on Tuesday following
Monday morning’s blockbuster Pfizer announcement (which was scooped
by WSJ)
about its vaccine candidate being 90% effective, as hopes for
improved COVID-19 treatments were stoked again last night by news
of the FDA’s emergency-use approval for Eli Lilly’s antibody
therapy, Bamlanivimab.

The rush of optimistic news post-election, combined with the
jubilant media reaction, prompted President Trump to speculate
about the timing of the rollout.

The @US_FDA and
the Democrats didn’t want to have me get a Vaccine WIN, prior to
the election, so instead it came out five days later – As I’ve
said all along!

— Donald J. Trump (@realDonaldTrump)
November 10, 2020

But circling back to the numbers, the situation in the US is
growing even more dire.
Bloomberg reported Tuesday morning that the US appears on track
to hit a record number of new COVID-19 hospitalizations, thanks
largely to Texas – particularly the border city of El Paso – and
the Midwest.

El Paso alone has more people hospitalized with COVID-19 than 29
US states, according to local officials. After the latest increase,
the present nationwide number for hospitalizations was 56,768, a
number that is presently rising at about 1,321 cases a day over the
past week.

That pace puts the US on track to top its April 15 record of
59,940.

Source:
mSightly

Positivity rates, that is, the percentage of those tested daily
who come back positive, has been climbing across the country, but
the numbers across the Midwest have really soared over the past
couple of weeks.

Source:
mSightly

Bloomberg has produced a helpful chart showing the breakdown of
COVID-19 hospitalizations that clearly illustrates the trends in
Texas, the Midwest and elsewhere.

Source:
Bloomberg

Measuring by hospitalizations per million residents, South
Dakota and Illinois take the lead.

To be sure, Bloomberg pointed out that the situation still isn’t
as dire as the springtime outbreak in New York and New Jersey. Back
in April, hospitalization data wasn’t yet available for every state
so it can be difficult to compare. But health-care officials
stressed that hospitalizations are indeed worse than at any time
since April.

Out of Brazil, we got some less-than-welcome news for China’s
leading vaccine, throwing the Chinese effort into stark relief with
the western projects.

Speaking on CNBC Tuesday morning, Alex Azar, the head of the
Department of Health and Human Services, said that the White House
task force is “absolutely” in discussions to potentially deploy
field hospitals and other resources to the Midwest and Texas, in
areas where the hospital system truly is at risk of being
strained.

Meanwhile, in the US, the number of new cases has topped 100k
per day for the last six days, while in Europe, deaths are
following case numbers higher, a trend that is currently vexing
national authorities.

Source: JPM

Here’s some more news from Tuesday morning and
overnight:

US cases +105,142 (prev. +93,811) and deaths +490 (prev.
+1,072), while hospitalizations rose to nearly 59k patients
(Source: newswires).

BioNTech Chief Strategy Officer says the Pfizer-BioNTech vaccine
will likely be priced well below typical market rates, with
different prices for different locations. Italy will get 13.6% of
the first 200mln doses of the� vaccine made available to Europe,
possible by January. Germany looks to sign a final agreement
shortly for up to 100mn doses. (Newswires).

UK Health Minister Hancock says it will take some time for a
vaccine to be rolled out; central expectation for the bulk of the
deployment of a vaccine is H1-2021; does not know when we will hear
on the Oxford University/AstraZeneca.

New study shows that COVID-19 patients more likely to suffer
long-term psychiatric issues (Source: Bloomberg).

Mink farms threaten human health and will likely continue to do
so in the pandemic, according to Denmark’s top epidemiologist, who
said the industry represents “far too high” a risk to human health
and safety (Source: Bloomberg).