ARIZONA POSITIVE RATE JUMPS; FLORIDA CASES EASE; VIRUS UPDATE 1900W

ARIZONA POSITIVE RATE JUMPS; FLORIDA CASES EASE; VIRUS UPDATE 1900W

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ARIZONA POSITIVE RATE JUMPS; FLORIDA CASES EASE; VIRUS UPDATE 1900W

(Bloomberg) -- Spanish Prime Minister Pedro Sanchez rejected calls for a new national lockdown as the country re-emerges as the epicenter of the pandemic in Europe. German infections increased at a pace close to a four-month high.

Yulia Tymoshenko, the former Ukrainian prime minister who helped lead the 2004 Orange Revolution, has been moved to intensive care after contracting the virus. In Asia, Hong Kong will ease some social-distancing rules after new cases fell, while infections in Seoul may have peaked over the past weekend, health officials said.

The head of the U.S. Food and Drug Administration walked back his claim that an experimental therapy had provided a dramatic benefit to Covid-19 patients. President Donald Trump put his response to coronavirus center stage on the first night of the Republican National Convention.

Key Developments:

Global Tracker: Cases top 23.6 million; deaths surpass 814,000Covid’s lingering malaise adds to $35 trillion economic cost Vanishing jobs, empty offices plague Britain’s retailers Big pharma needs vaccine to redeem reeling reputation Back to school could be dangerous for some Understanding the virus and its unanswered questions Vaccine Tracker: where we are in the race for protection

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.

Florida Cases Continue to Moderate (11:52 a.m. NY)

Florida reported 605,502 Covid-19 cases on Tuesday, up 0.4% from a day earlier, compared with an average increase of 0.7% in the previous seven days.

The seven-day rolling case total was 25,570, the lowest since June 23, according to the health department report, which includes data through Monday.

The new daily rate of people testing positive for the first time jumped to 7.5% for Monday, up from 5.2% a day earlier. It was the highest rate in a week but the lowest for a Monday since mid-June.

Deaths among Florida residents reached 10,580, an increase of 183, or 1.2%, and the seven-day rolling total was 822, the lowest since late July. Deaths often trail infections by weeks, and generally take even longer to be reflected in the data.

Italy Cases Fall to Five-Day Low (11:50 a.m. NY)

Italy reported 878 new coronavirus cases on Tuesday, the lowest in five days. It was the second straight decline after a surge in infections linked to returning tourists. The government tightened rules on mask-wearing and closed nightclubs to reduce the contagion potential. Four people died from coronavirus Tuesday, and one new person was put in intensive care. Italy had a peak of 6,557 new cases on March 21.

Arizona Positive Rate Jumps (11:30 a.m. NY) Arizona on Tuesday reported 859 new virus cases, a 0.4% increase to 199,273 that surpassed the prior seven-day average of 0.3%. The test positivity rate also jumped -- from 4.9% on Monday to 17.3%, among the highest