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medicine

Editas Medicine, Inc. Just Reported A Surprise Profit And Analysts Updated Their Estimates

Editas Medicine, Inc. (NASDAQ:EDIT) came out with its third-quarter results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Revenues beat expectations by 889%, and sales of US$63m were sufficient to generate a statutory profit of US$0.12 – a pleasant surprise given that the analysts were forecasting a loss! Earnings are an important time for investors, as they can track a company’s performance, look at what the analysts are forecasting for next year, and see if there’s been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. earnings-and-revenue-growthNasdaqGS:EDIT Earnings and Revenue Growth November 7th 2020

Taking into account the latest results, the seven analysts covering Editas Medicine provided consensus estimates of US$22.2m revenue in 2021, which would reflect a painful 32% decline on its sales over the past 12 months. Losses are forecast to balloon 32% to US$3.29 per share. Before this earnings announcement, the analysts had been modelling revenues of US$23.8m and losses of US$3.39 per share in 2021. So there seems to have been a moderate uplift in analyst sentiment with the latest consensus release, given the upgrade to loss per share forecasts for next year.

The consensus price target fell 8.7% to US$38.11, with the dip in revenue estimates clearly souring sentiment, despite the forecast reduction in losses. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company’s valuation. The most optimistic Editas Medicine analyst has a price target of US$60.00 per share, while the most pessimistic values it at US$14.00. With such a wide range in price targets, analysts are almost certainly betting on widely divergent outcomes in the underlying business. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that sales are expected to reverse, with the forecast 32% revenue decline a notable change from historical growth of 42% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 20% next year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining – Editas Medicine is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. Unfortunately, they

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health

US Coronavirus: Second highest number of new Covid-19 cases reported on Election Day, with more than 91,000 infections

The country’s five highest days of coronavirus cases have all been recorded since October 29, affirming experts’ warnings another surge is well on its way and will only get worse. The nationwide 7-day average of new cases now stands at about 86,363 — more than double what it was on September 4. And while doctors have stressed basic public health measures like masks and social distancing can turn things around, such measures remain a point of contention in some parts of the US.

Now only five states are trending in the right direction — Alabama, Hawaii, Louisiana, Tennessee and Vermont — while at least 36 are reporting more new cases than the previous week, data from Johns Hopkins University shows.

And states including Idaho, Ohio, New Mexico, Pennsylvania and Wisconsin all reported a record number of new Covid-19 cases Tuesday.

In Kentucky, where the governor has long cautioned that infections were climbing quickly, he said Tuesday that “every day, things appear to be getting worse.”

“We are seeing not only a surge in the virus, but more and more of our kids by percentage who are getting it,” Gov. Andy Beshear said in a statement.

Dr. Deborah Birx's stern warning is a wakeup call
His words follow an alarming new report saying that Covid-19 case counts were impacting children around the country at “unprecedented levels,” with the last week of October seeing the highest one-week spike in new infections.
Hospitalizations among Americans are also up, and hundreds of people continue to lose their lives from the virus every day. More than 232,000 have died in the US since the start of the pandemic, according to Johns Hopkins. And about another 100,000 Americans will die in just the next two months, projections from the University of Washington’s Institute for Health Metrics and Evaluation show.

Hospitalizations ‘sharply increasing’ in Midwest

Across the country, more than 50,000 people are hospitalized with the virus, according to data from the COVID Tracking Project — an increase of more than 67% in a month.

Hospitalizations are “sharply increasing” in the Midwest, according to the project.

El Paso is facing its worst Covid-19 outbreak while trying to vote on Election Day
“In the region there are 238 people currently hospitalized per million people,” it said on Twitter.

In Nebraska, health officials say a surge of infections have put a strain on hospitals statewide. Chief medical officers of three major hospital systems said Monday Covid-19 hospitalizations had increased 91% in the Omaha metro area between October 17 and October 31. Now, hospital capacity and staff are approaching their limits, the hospital officials said.

“We have seen a doubling of Covid positive patients in the last several weeks,” Dr. Cary Ward, chief medical officer of CHI Health, said. “No doubt if this trend continues, not just our hospitals, but every hospital in the state could be at capacity.”

In Indiana, hospitalizations reached a record high Monday, with more than 1,800 patients being treated for Covid-19. The state’s previous record was on April 13, when about 1,799 people were hospitalized.

Covid-19 third leading cause of death in Arkansas

And in Arkansas, the governor announced

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health

Second highest number of new Covid-19 cases reported on Election Day, with more than 91,000 infections

The US recorded 91,530 new Covid-19 infections on the day many Americans cast their ballots, adding to a series of staggering case numbers reported within just the past week.



MILWAUKEE, WISCONSIN - OCTOBER 29: Members of the Wisconsin National Guard operate a mobile COVID-19 test center on the grounds of Miller Park on October 29, 2020 in Milwaukee, Wisconsin. Wisconsin recently reported a seven-day average positivity rate of 27.2%, the highest infection rate to date for the state. (Photo by Scott Olson/Getty Images)


© Scott Olson/Getty Images
MILWAUKEE, WISCONSIN – OCTOBER 29: Members of the Wisconsin National Guard operate a mobile COVID-19 test center on the grounds of Miller Park on October 29, 2020 in Milwaukee, Wisconsin. Wisconsin recently reported a seven-day average positivity rate of 27.2%, the highest infection rate to date for the state. (Photo by Scott Olson/Getty Images)

The country’s five highest days of coronavirus cases have all been recorded since October 29, affirming experts’ warnings another surge is well on its way and will only get worse. The nationwide 7-day average of new cases now stands at about 86,363 — more than double what it was on September 4. And while doctors have stressed basic public health measures like masks and social distancing can turn things around, such measures remain a point of contention in some parts of the US.

Now only five states are trending in the right direction — Alabama, Hawaii, Louisiana, Tennessee and Vermont — while at least 36 are reporting more new cases than the previous week, data from Johns Hopkins University shows.

And states including Idaho, Ohio, New Mexico, Pennsylvania and Wisconsin all reported a record number of new Covid-19 cases Tuesday.

In Kentucky, where the governor has long cautioned that infections were climbing quickly, he said Tuesday that “every day, things appear to be getting worse.”

“We are seeing not only a surge in the virus, but more and more of our kids by percentage who are getting it,” Gov. Andy Beshear said in a statement.

His words follow an alarming new report saying that Covid-19 case counts were impacting children around the country at “unprecedented levels,” with the last week of October seeing the highest one-week spike in new infections.

Hospitalizations among Americans are also up, and hundreds of people continue to lose their lives from the virus every day. More than 232,000 have died in the US since the start of the pandemic, according to Johns Hopkins. And about another 100,000 Americans will die in just the next two months, projections from the University of Washington’s Institute for Health Metrics and Evaluation show.

Hospitalizations ‘sharply increasing’ in Midwest

Across the country, more than 50,000 people are hospitalized with the virus, according to data from the COVID Tracking Project — an increase of more than 67% in a month.

Hospitalizations are “sharply increasing” in the Midwest, according to the project.

“In the region there are 238 people currently hospitalized per million people,” it said on Twitter.

In Nebraska, health officials say a surge of infections have put a strain on hospitals statewide. Chief medical officers of three major hospital systems said Monday Covid-19 hospitalizations had increased 91% in the Omaha metro area between October 17 and October 31. Now, hospital capacity and staff are approaching their limits, the hospital officials said.

“We

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health

Louisiana coronavirus: 1,150 new cases, 17 more deaths reported Tuesday; see latest data | Coronavirus

The Louisiana Department of Health reported 1,150 more coronavirus cases and 17 more deaths in its noon update Tuesday.

The number of hospitalizations increased by 21, and the number of patients in need of ventilators increased by 14.

These are another few key statewide statistics as of Tuesday:

— Total cases: 184,769

— Total deaths: 5,737

— Currently hospitalized: 619

— Currently on ventilators: 84

— Presumed recovered: 168,634 as of Oct. 26 (updated weekly)

— Probable cases: 4,379 as of Oct. 28 (updated weekly)

Note: The Advocate and The Times-Picayune staff calculates daily case count increases based on the difference between today’s total and yesterday’s total of confirmed coronavirus cases. The Louisiana Department of Health releases a daily case count on Twitter based on the deletion of duplicate cases. That case count can be different than the one listed here.

You can view more graphs and charts breaking down the data by clicking here.

Louisiana began reopening for Phase 1 on May 15-16 then moved to Phase 2 on June 5. Louisiana Gov. John Bel Edwards extended Louisiana’s Phase 2 restrictions twice in August before moving the state to Phase 3 on Sept. 11.

This is a developing story. More details and analysis to come.

Source Article

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health

5 New Coronavirus Deaths, 114 Cases Reported In Arlington Heights

ARLINGTON HEIGHTS, IL — Like every other municipality in Illinois, Arlington Heights has been dealing with its own unique data points regarding the coronavirus. According to the Cook County Medical Examiner, 46 people have died due to COVID-19 in Arlington Heights since April 8. That marks five new deaths since Oct. 23. For further comparison, there were two additional deaths between Oct. 16-23. The most deaths in a single day since the start of the outbreak was six on May 23.

As of Friday, there have been 1,524 confirmed coronavirus-related cases in Arlington Heights, according to the Cook County Department of Public Health. That marks an increase of 114 cases since Oct. 23. For further comparison, there was an increase of 103 cases between Oct. 16-23. These numbers indicate a 95.9 percent change in confirmed cases over the last 14 days.

(Cook County Department of Public Health)
(Cook County Department of Public Health)

In addition, 75,958 people have been tested across zip codes 60004, 60005, 60008 and 60056, according to the Illinois Department of Public Health. That marks an increase of 4,796 tests since Oct. 23. For further comparison, there was an increase of 4,558 tests between Oct. 16-23.

Here is a breakdown of COVID-19 related deaths by date in Arlington Heights:

  • April 8 — 1

  • April 19 — 1

  • April 23 — 1

  • April 28 — 1

  • May 4 — 1

  • May 7 — 1

  • May 8 — 1

  • May 9 — 1

  • May 12 — 1

  • May 13 — 3

  • May 14 — 2

  • May 20 — 1

  • May 22 — 1

  • May 23 — 6

  • May 24 — 1

  • May 26 — 1

  • May 27 — 1

  • May 28 — 1

  • June 4 — 1

  • June 6 — 2

  • June 7 — 1

  • June 9 — 2

  • June 25 — 1

  • July 4 — 1

  • July 10 — 1

  • Sept. 12 — 1

  • Sept. 18 — 1

  • Sept. 22 — 1

  • Oct. 5 — 1

  • Oct. 21 — 2

  • Oct. 25 — 1

  • Oct. 26 — 2

  • Oct. 29 — 2

According to the medical examiner, the age breakdown for the 46 deaths is: 80+ (29), 70-79 (12) 60-69 (4) and 50-59 (1).

As of Friday, the Cook County Department of Health is reporting 75,467 confirmed cases and 2,053 deaths since the pandemic began. The number of cases being reported has decreased from the total of 76,614 cases that were reported on Oct. 23. Patch is seeking clarification of the discrepancy in numbers. The number of deaths increased by 34 since Oct. 23.

The Illinois Department of Public Health is reporting 14,740 confirmed cases in Cook County long-term facilities and 2,432 deaths. That marks an increase of 247 cases and 24 deaths since Oct. 16. For comparison, there was an increase of 123 cases and 11 deaths between Oct. 16-23. In the past, the IDPH has twice temporarily removed some cases and deaths since Patch has been tracking these numbers, before including them back in at a later date.

Here is

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health

CT Coronavirus Updates: Town-By-Town Cases Reported

CONNECTICUT — As of Tuesday night, the total number of laboratory-confirmed and probable COVID-19 cases reported among Connecticut residents is 69,127, including 66,357 laboratory-confirmed and 2,770 probable cases. Three hundred nine patients are currently hospitalized with laboratory-confirmed COVID-19. There have been 4,604 virus-associated deaths.

The state Department of Public Health reported 490 new confirmed COVID-19 cases on Tuesday. There were another nine coronavirus-associated deaths. Seventeen additional hospitalizations were reported.

An additional 14,305 coronavirus tests were performed in the past 24-hour reporting period. A total of 2,232,603 tests have been performed.

The towns with the most new cases reported over the past 24 hours are:

1. Bridgeport: 57

2. Waterbury: 32

3. Danbury: 32

4. Norwalk: 22

5. Hartford: 22

6. Greenwich: 17

7. New Britain: 16

8. Wallingford: 16

9. East Hartford: 12

10. Stamford: 11

See Also: Dramatic Spike In Virus Concentration In New Haven Wastewater

The towns with the most coronavirus cases reported over the past week are:

1. Bridgeport: 277

2. Norwalk: 242

3. Hartford: 204

4. Waterbury: 173

5. Stamford: 159

6. New Haven: 158

7. Danbury: 136

8. New Britain: 109

9. New London: 81

10. East Hartford: 72

This article originally appeared on the Across Connecticut Patch

Source Article

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health

More than half of US states reported their highest day of coronavirus cases this month

The fall surge has ushered in daunting rates of Covid-19 spread, with 29 states reporting at least one record high day of new cases since October began, according to data from Johns Hopkins University.



background pattern: Reading, PA - October 13: A nurse puts a swab into a vial after administering a test. At the state run free COVID-19 testing site setup on Front Street in Reading, PA outside FirstEnergy Stadium Tuesday morning October 13, 2020. The site will be there for 5 days and was setup in response to an increase in cases in Berks County. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)


© Ben Hasty/MediaNews Group/Reading Eagle/Getty Images
Reading, PA – October 13: A nurse puts a swab into a vial after administering a test. At the state run free COVID-19 testing site setup on Front Street in Reading, PA outside FirstEnergy Stadium Tuesday morning October 13, 2020. The site will be there for 5 days and was setup in response to an increase in cases in Berks County. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)

The record spread has brought the national total to more than 8.7 million infections and 226,723 deaths. And with this spike holding the potential to be the worst yet, experts warn that the impact of the virus will likely get worse.

“We’re rising quickly. If we just go back about six, seven weeks ago to Labor Day, we were at about 35,000 cases a day,” Dr. Ashish Jha, the dean of Brown University School of Public Health, said Tuesday. “We’re above 70,000 and just heading up. I would not be surprised if we end up getting to 100,000.” The United States added 73,240 new cases Tuesday, and a record peak of more than 83,000 cases was reported on Friday.

The rise in cases has been followed closely behind by an increase in coronavirus deaths.

This month, 11 states reported their highest single day of new deaths since the pandemic began. And though researchers are racing toward a vaccine, health experts have cautioned that the public needs to take the virus seriously in the meantime.

“If we continue our current behavior, by the time we start to go down the other side of the curve, a half a million people will be dead,” CNN Medical Analyst Dr. Jonathan Reiner said Tuesday.

Under the current conditions, more than 2,000 people are predicted to die of the virus daily by January 1, according to the Institute for Health Metrics and Evaluation at the University of Washington.

Imminent threats to hospital capacity

Forty states are reporting an increase of daily average cases by more than 10% compared to last week, and many are feeling the impact in their hospitalization rates.

Even with a hospital facility opened on fair grounds in Wisconsin, rising cases are threatening the capacity of health care facilities in the state, Gov. Tony Evers said.

“There is no way to sugarcoat it, we are facing an urgent crisis and there is an imminent risk to you and your family,” Gov. Tony Evers said.

Ohio, one of the states to report a record of daily cases this month, is also seeing a surge in coronavirus hospitalizations — one that “is noticeably sharper, steeper than the increase we saw during the summer peak,” Gov. Mike DeWine said.

Video: ‘Great Influenza’ author outlines what herd immunity supporters won’t say (CNN)

‘Great Influenza’ author

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health

U.N. cancels meetings after reported virus cases

SEOUL, South Korea — South Korea has reported 103 new confirmed cases of coronavirus infections, continuing a steady spread as people increasingly venture out in the public amid eased social distancing measures.

The figures released by the Korea Centers for Disease Control and Prevention on Wednesday brought the national caseload to 26,146, including 461 deaths.

Sixty-six of the new cases were reported in the densely populated Seoul metropolitan region. At least 31 patients have been linked to a golf gathering in Yongin, which emerged as the country’s latest cluster of infections.

Officials have also been testing thousands of workers at hospitals and nursing homes in the capital area following outbreaks that sickened hundreds at a number of these facilities.

___


HERE’S WHAT YOU NEED TO KNOW ABOUT THE VIRUS OUTBREAK:

— United Nations cancels in-person meetings after virus cases at New York headquarters

— Russian issues nationwide mask mandate; foreign minister Lavrov in quarantine

— Italy registers nearly 22,000 confirmed daily coronavirus cases

— Mask-less Pope Francis noticed by Vatican virus commission

— Iowa elections officials concerned over surge in coronavirus cases, with possible illnesses or absences among key workers and volunteers a hindrance through Election Day.

— World Series played at a neutral site in front of smallest crowds in a century, but Dodgers and Rays are just happy that some fans are there

___

— Follow AP’s coronavirus pandemic coverage at http://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak

___

HERE’S WHAT ELSE IS HAPPENING:

SPRINGFIELD, Ill. — Surging coronavirus infections in Chicago have prompted Illinois Gov. J.B. Pritzker to ban indoor dining and bar services in the city and limit the number of people gathering in one place.

The rules taking effect Friday will force diners and bar patrons outdoors and shut down service at 11 p.m. No more than 25 people may gather at one time. Occupancy may not exceed 25% capacity.

The governor said that “without action, this could look worse than anything we saw in the spring.”

Chicago joins six other regions in Illinois that are subject to what the Pritzker administration calls “resurgence mitigations.” A day earlier, Pritzker imposed the restrictions on Cook County areas outside Chicago and Lake County to the north.

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UNITED NATIONS — The United Nations canceled all in-person meetings after a U.N. member nation reported five coronavirus cases among its staff.

General Assembly President Volkan Bozkir sent a letter to the 193 U.N. member nations announcing Tuesday’s cancellation on the advice of the U.N. Medical Unit.

He didn’t identify the country. Diplomats, speaking on condition of anonymity because there hasn’t been a public announcement, say it was the African nation of Niger. Niger’s U.N. Ambassador Abdou Abarry has a staff of 17, according to the latest U.N. directory.

Assembly spokesman Brenden Varma says contact tracing is expected “to be done quickly and efficiently.”

U.N. spokesman Stephane Dujarric says in recent weeks, between 1,300 and 1,400 people swiped their passes every day to enter the U.N. building in New York.

–Edith Lederer

___

ROME

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health

New Coronavirus Cases In DC Twice The Number Reported On Monday

WASHINGTON, DC — D.C. Department of Health confirmed 94 new positive cases of COVID-19 on Monday. That’s more than double the 45 cases reported on Monday. This brings the District’s total number of positive cases to date to 16,906.

D.C. Health also reported two new deaths Tuesday due to COVID-19. The deaths are described as a 64-year-old man and a 75-year-old man. The total number of deaths in the District stands at 644.

According to D.C. Health, 502,538 coronavirus tests have been administered in the District, 251,532 residents have been tested, and 13,215 have been cleared from isolation.

The District currently has 59 intensive care unit beds available out of 345 total intensive care unit beds. There are currently 172 in-use ventilators out of a total of 440 available. Also, there are 26 COVID-19-positive ICU patients.

Get the latest updates on the new coronavirus in D.C. as they happen. Sign up for free news alerts and a newsletter in your Patch town.

Globally, more than 43.6 million people have been infected by COVID-19, and over 1.1 million people have died, Johns Hopkins University reported Tuesday morning. In the United States, more than 8.7 million people have been infected and over 225,000 people have died from COVID-19.

Total of Positive COVID-19 Cases By Age and Gender

(D.C. Health)
(D.C. Health)

Total of Positive COVID-19 Cases By Ward

(D.C. Health)
(D.C. Health)

Total COVID-19 Deaths By Ward

(D.C. Health)
(D.C. Health)

Total of Positive COVID-19 Cases By Race

(D.C. Health)
(D.C. Health)

Total of Positive COVID-19 Deaths By Race

(D.C. Health)
(D.C. Health)

District residents should take the following actions to help prevent the spread of COVID-19:

  • Avoid close contact with people who are sick.

  • Wash hands with soap and water for at least 20 seconds. An alcohol-based hand sanitizer can be used if soap and water are not available.

  • Avoid touching eyes, nose and mouth with unwashed hands.

  • Cover your cough or sneeze with a tissue, then throw the tissue in the trash.

  • Clean and disinfect frequently touched objects and surfaces.

RELATED:

This article originally appeared on the Washington DC Patch

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The US just reported its highest number of Covid-19 infections in one day since the pandemic’s start

The US reported more than 80,000 new coronavirus infections Friday — the highest daily case number since the pandemic began.



a person standing in front of a mirror posing for the camera: After changing PPE, an LPN dons her face shield at an Aveanna Healthcare and Fallon Ambulance walk-up COVID-19 testing site during the continuing coronavirus pandemic in Lynn, MA on Oct. 19, 2020. (Photo by Pat Greenhouse/The Boston Globe via Getty Images)


© Pat Greenhouse/The Boston Globe via Getty Images
After changing PPE, an LPN dons her face shield at an Aveanna Healthcare and Fallon Ambulance walk-up COVID-19 testing site during the continuing coronavirus pandemic in Lynn, MA on Oct. 19, 2020. (Photo by Pat Greenhouse/The Boston Globe via Getty Images)

That comes amid other bleak patterns including rising hospitalizations and daily death tolls across the country, with experts warning that the worst is yet to come.

Friday’s case count of at least 80,005 surpasses the country’s previous one-day high of 77,362, reported July 16, according to Johns Hopkins University.

US Surgeon General Dr. Jerome Adams cautioned earlier Friday that hospitalizations are starting to go up in 75% of the jurisdictions across the country, and officials are concerned that in a few weeks, deaths will also start to increase.

The good news, Adams said, is that the country’s Covid-19 mortality rate has decreased by about 85% thanks to multiple factors, including the use of remdesivir, steroids and better management of patients.

More than 41,000 Covid-19 patients were in hospitals across the country Thursday, according to the Covid Tracking Project. This is the highest level of nationwide coronavirus hospitalizations since August 20.

The number of people hospitalized has increased by 33% since the beginning of October, the CTP says.

Deaths are also creeping upward, with 856 on Thursday, Johns Hopkins says. The seven-day average of daily deaths has climbed to 763 — the highest average in a month.

In White House coronavirus task force reports obtained by CNN this week, officials say there are “early signs of deterioration in the Sun Belt and continued deterioration in the Midwest and across the Northern States.” And more state leaders have sounded the alarm on increasing infections, hospitalizations and deaths.

Dr. Anthony Fauci, the nation’s leading infectious disease expert, said Friday that he’s concerned about a massive surge in Covid-19 cases across the country and urged people to “double down” on measures to prevent the spread of the virus.

“The upticks on the map of more than 30 States that are having upticks is not going to spontaneously turn around unless we do something about it,” Fauci, the director of the National Institute of Allergy and Infectious Diseases, told CNN’s Erin Burnett.

Fauci has previously said he doesn’t think a federal mask mandate would work but on Friday he said it might be time for it — even if such a rule would be tricky to enforce.

“Well, if people are not wearing masks, then maybe we should be mandating it,” Fauci said.

A vaccine trial resumes after being halted

Drug manufacturer AstraZeneca announced Friday it will resume the trial of its experimental coronavirus vaccine in the US.

The company said the US Food and Drug Administration has given approval to continue the trial after reviewing all of the global safety data and concluding it

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