“We are not witnessing the uncontained global spread of this virus,” said WHO’s director-general.
The emergence of COVID-19 clusters in Iran and Italy have sparked concerns among investors about whether the outbreak of the novel coronavirus is — or will be — a pandemic.
“COVID-19 now satisfies the definition of global pandemic and widens [the] potential economic impact,” Cowen analysts wrote Monday. The health organization shared new findings about the virus from the delegation it sent to China. The fatality rate in Wuhan, China, considered the epicenter of the outbreak, is between 2% and 4%. Outside of Wuhan, it is thought to be 0.7%. had a fatality rate of 10%.) For mild cases, recovery can take two weeks, while severe cases may need up to six weeks to recover. Officials are expected to release additional information about the WHO visit to Hubei Province on Tuesday.
• Ascential PLC ASCL, +3.84%, an events company, told investors that Chinese investors make up less than 5% of its revenue and only 2% of attendees at the Cannes Lions International Festival of Creativity, an annual advertising event held in June in the south of France. The company said it has not seen a material impact from the outbreak.
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