FT News Briefing New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement
Jun 25, 2020
Rising Covid-19 cases in the U.S. are causing concern for global markets, threatening economic recovery. Airlines are responding with nearly $10 billion in debt and equity fundraising to sustain operations. Bayer is set to pay $10.9 billion to settle lawsuits over the controversial Roundup herbicide. Additionally, analysts compare the British pound's volatility to that of emerging-market currencies, complicating confidence in its future amidst ongoing Brexit challenges.
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Rising COVID-19 Cases Impact Global Markets
- Global stocks fell on Wednesday due to rising COVID-19 cases, especially in the U.S., Brazil, and India.
- The U.S. saw its largest single-day increase in cases, causing concern about economic recovery.
Varying Caseloads Across U.S. States
- Some states like Arizona, Texas, and Florida are experiencing a rise in case counts and hospitalizations.
- This rise may be because they reopened quickly and people there were less cautious.
Containing New Cases Without Lockdowns
- Governors are encouraging mask-wearing, and some businesses are taking their own precautions.
- Returning to normal likely depends on a vaccine or effective treatment, but creating one quickly is challenging.