U.S. Reports 21K New Covid Cases, 9 Deaths
With 21,068 new cases reported on Sunday, the total number of people that have been infected with the coronavirus in the United States has risen to 88,595,176, as per Johns Hopkins University’s latest data.
Nine additional deaths on the same day took the total U.S. Covid casualties to 1,020,868.
Texas reported the most number of cases – 11,120 – and deaths – 5.
Covid deaths have decreased by 7 percent, while cases have increased by 5 percent in the last two weeks, New York Times’ latest tally shows.
More than 37,000 people are currently in American hospitals with the coronavirus, an increase of 18 percent over the last two weeks. More than 4,200 of these patients are admitted in intensive care units, marking a 20 percent rise in a fortnight.
85,789,558 people have so far recovered from the disease, the Worldometer tally shows.
583 additional deaths were reported globally on Sunday, taking the total number of people who lost their lives due to the pandemic so far to 6,351,433.
Acer Therapeutics Resubmits NDA For ACER-001 For Treatment Of Urea Cycle Disorders
Pharmaceutical company Acer Therapeutics Inc. (ACER) announced Monday the resubmission of Acer’s New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for ACER-001 (sodium phenylbutyrate) for oral suspension for the treatment of patients with urea cycle disorders (UCDs).
Acer believes the resubmission addresses in full the items raised by the FDA in the Complete Response Letter (CRL). In June 2022, the FDA issued Acer a CRL stating that satisfactory inspection of its third-party contract packaging manufacturer is required before the ACER-001 NDA may be approved.
Acer notified the FDA in the resubmission that the third-party contract packaging manufacturer is ready for inspection.
Acer expects to be notified by the Agency of its decision to accept or reject the resubmission for review within 14 calendar days of receipt of the NDA resubmission.
If the resubmission is deemed complete by the FDA, a resubmission classification (Class 1 or 2) will be assigned and a new Prescription Drug User Fee Act (PDUFA) target action date will be established of either two or six months from the resubmission date depending on the classification and an inspection of the facility will be requested.
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European Economics Preview: Germany ZEW Economic Confidence Data Due
Economic confidence data from Germany is the only major report due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, consumer prices from Romania and producer prices from Lithuania are due. Romania’s inflation is seen at 15.1 percent in June versus 14.5 percent in May.
At 5.00 am ET, Germany ZEW economic confidence survey results are due. The sentiment index is forecast to fall to -38.3 in July from -28.0 in June.
At 6.00 am ET, consumer price data is due from Portugal.
U.S. Covid Hospitalizations Cross 40,000
The number of people hospitalized with coronavirus crossed the 40,000 mark in the U.S. on Sunday.
40,942 people are currently in hospitals with the deadly virus, an increase of 20 percent over the last two weeks, according to the New York Times’ latest tally. More than 4,500 of these patients are admitted in intensive care units, marking a 20 percent jump in a fortnight.
With 21,091 new cases reported on Sunday, the total number of people that have been infected with coronavirus in the United States has risen to 89,549,744, as per Johns Hopkins University’s latest data.
11 additional deaths on the same day took the total U.S. Covid casualties to 1,023,810.
Texas reported the most number of cases – 9,863 – and deaths – 8.
Covid deaths have increased by 9 percent, while cases increased by 15 percent in the last two weeks.
86,646,220 people have so far recovered from the disease, the Worldometer tally shows.
692 additional deaths were reported globally on Sunday, taking the total number of people who lost their lives due to the pandemic so far to 6,369,703.
As per the latest data published by the Centers for Disease Control and Prevention, 222,682,315 Americans, or 67.1 percent of the eligible population, have been administered both doses of Covid vaccine so far. This includes 91.7 percent of people above 65.
48.1 percent of the eligible population, or 107,004,061 people, have already received a booster dose that is recommended to provide additional protection from the killer virus.
JOYY Stock Gains 10%
Shares of JOYY Inc. (YY) are gaining over 10% on Monday morning despite no stock-related news from the company
JOYY is currently trading at $27.42, up $2.56 or 10.30%, on the Nasdaq. The stock opened its trading at $25.91 after closing Friday’s trading at $24.86. The stock has traded between $23.14 and $67.67.
JOYY Inc. operates social media platforms that offer users engaging and experience across various video and audio-based social platforms.
Seagen Slides 4%
Seagen Inc. (SGEN) shares are sliding more than 4 percent on Monday morning trade continuing a bearish trend since Friday. There were no corporate announcements on the day to influence the stock movement.
Currently, shares are at $171.74, down 4 percent from the previous close of $178.71 on a volume of 738,326. For the 52-week period, the shares are trading in a range of $105.43-$192.79 on average volume of 1,446,493.
The Art of the Serving Set
The ceramist Jono Pandolfi, whose works are in restaurants like Jean-Georges Vongerichten’s Nougatine, will sell special editions monthly.
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By Florence Fabricant