Friday Morning Briefing: When coronavirus and protests collide

What you need to know about the coronavirus today

When coronavirus and protests collide
Australian authorities are taking legal action to try and stop a Black Lives Matter protest scheduled for Saturday in Sydney, citing the risk of an outbreak of COVID-19 given the thousands expected to attend. French police have also banned a demonstration planned for Saturday in front of the U.S. Embassy in Paris because of what they said were risks of social disorder and health dangers from large gatherings due to the coronavirus pandemic.

Hydroxychloroquine or not?
An influential study that found hydroxychloroquine increased the risk of death in COVID-19 patients has been withdrawn a week after it led to major trials being halted, adding to confusion about a malaria drug championed by Donald Trump. The Lancet medical journal pulled the study after three of its authors retracted it, citing concerns about the quality and veracity of data in it.

Surging cases in Brazil, Mexico and India
The number of coronavirus deaths in Brazil has blown past Italy's toll, while Mexico reported a record number of new cases, as regional leaders in Latin America push to end quarantine measures and kick their economies back into gear. The region as a whole has become a new focus of the coronavirus pandemic, with health officials urging governments there not to open their economies too fast and to avoid public crowds. India's coronavirus infections are meanwhile rising at the fastest daily rate than at any time in the past three months, but it plans to open shopping malls, restaurants and places of worship next week.

More drinkers cut than increase alcohol
People missing out on drinking in restaurants and bars during coronavirus lockdowns are not entirely making up for it by pouring more at home, a survey of nine countries conducted on behalf of beer, wine and spirits companies showed.

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United States

"Get your knee off our necks": Prominent civil rights activist Al Sharpton told mourners George Floyd’s fatal encounter with police and the nationwide protests his death ignited marked a reckoning for America over race and justice.

Twitter has disabled President Donald Trump’s campaign tribute video to George Floyd on its platform, citing a copyright complaint. The clip, which is a collation of photos and videos of protest marches and instances of violence in the aftermath of Floyd’s death, has Trump speaking in the background.

Live updates on protests across the U.S.

Emerging from lockdown

In the weeks before she took her own life, Thai waitress Nitiwadee Sae-Tia felt growing financial pressure after she lost her job, a member of the family said. She was one of millions of Thais who lost their jobs after lockdown restrictions to combat the spread of the coronavirus forced malls and other public venues to close in March.

China is using the coronavirus as a cover to push territorial claims in the South China Sea through a surge in naval activity meant to intimidate other countries that claim the waters, the commander of U.S. Forces in Japan said. “Through the course of the COVID crisis we saw a surge of maritime activity,” he told Reuters in a phone interview. He said Beijing had also increased its activity in the East China Sea, where it has a territorial dispute with Japan.

Four weeks ago, with its most important festival coming up and millions of people facing starvation as economic activity dwindled, Pakistan lifted a two-month-long coronavirus lockdown. Prime Minister Imran Khan has said despite rising infections and deaths, the country would need to learn to “live with” the virus to avert pushing tens of millions living on daily wages into destitution.

Covid Science

Scientists in Sweden are hoping an alpaca named Tyson can help deliver a knockout blow in the fight to develop a treatment or vaccine against the novel coronavirus that has killed nearly 400,000 people worldwide. After immunizing Tyson, a 12 year-old alpaca in Germany, with virus proteins, the team at the Karolinska Institute have isolated tiny antibodies - known as nanobodies - from his blood that bind to the same part of the virus as human antibodies and could block the infection.

Some countries have seen “upticks” in COVID-19 cases as lockdowns ease, and populations must continue to protect themselves against the coronavirus, the World Health Organization said. “On upticks, yes we have seen in countries around the world - I’m not talking specifically about Europe - when the lockdowns ease, when the social distancing measures ease, people sometimes interpret this as ‘OK, it’s over’,” WHO spokeswoman Margaret Harris told a U.N. briefing in Geneva.

Follow the money

U.S. unemployment rate unexpectedly falls in May

The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the economic downturn caused by the COVID-19 pandemic was bottoming. The May jobs report showed a rebound from the dramatic losses in April.

1 min read

Exclusive: Unfazed by pandemic, Bank of Japan to keep economic recovery view - sources

The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.

4 min read

Virtual certainty? Bankers ask if success of remote roadshows will last

In a world governed by quarantine and social distancing rules, even lead managers on multi-billion dollar deals have had to curtail travel and drop the personal touch in favor of video conferences and phone calls to woo potential investors.

4 min read

Goldman Sachs executive's email making plea for racial equality goes viral at firm

An email by a Goldman Sachs employee about his experiences of racial injustice and criticizing managers at the Wall Street bank for not supporting junior bankers from diverse backgrounds went viral at the firm this week.

4 min read

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