India records 92,596 new COVID-19 cases over past 24 hours

Japan weighs holding Tokyo 2020 Olympics with spectators, report says

  • More Japanese government officials and 2020 Tokyo Olympics organizers are leaning toward holding the Games with domestic spectators as Covid-19 vaccines are rolled.
  • Foreign spectators are already prohibited from the Olympics and Japanese may also be kept away from what organizers promise will be a sanitized "bubble" event to minimize contagion risk.

More Japanese government officials and Tokyo 2020 Olympics organizers are leaning toward holding the Games with domestic spectators as Covid-19 vaccines are rolled, the Asahi newspaper reported without citing sources.

This is in contrast with their position about a month ago when there was an atmosphere among Prime Minister Yoshihide Suga's administration that the Games, starting July 23, needed to be held without spectators, the report said.

Tokyo 2020 President Seiko Hashimoto on Tuesday said the organizers would announce its plans for spectators before the end of this month after consulting with the Japanese government, as well as the Tokyo administration, the newspaper said.

Foreign spectators are already prohibited from the Olympics and Japanese may also be kept away from what organizers promise will be a sanitized "bubble" event to minimize contagion risk.

The Olympics have been postponed by a year amid concerns over how organizers can keep volunteers, athletes, officials and the Japanese public safe during a fourth Covid-19 wave.

China May PPI +9.0% y/y, CPI up 1.3%

BEIJING, June 9 (Reuters) – China’s factory gate prices increased at the fastest pace since September 2008, official data showed on Wednesday, while consumer inflation also accelerated but at a slower-than-expected rate.

The producer price index (PPI) rose 9.0% from a year earlier in May, according to a statement from the National Bureau of Statistics. Analysts in a Reuters poll had expected the PPI to rise 8.5% after a 6.8% increase in April.

The consumer price index (CPI) rose by 1.3% from a year earlier, the statistics bureau said. Analysts in the poll had expected the CPI to rise 1.6% after a 0.9% increase in April.

IATSE Contract Talks Making Progress On Diversity Issues – Not So Much On Economic Front

IATSE and management’s Alliance of Motion Picture & Television Producers started their fourth week of bargaining today for a new film and TV contract covering the union’s 13 West Coast production locals, already having made substantial progress on diversity issues.

It’s been tougher sledding on the economic side, however. One of the major issues in the talks is funding for the Motion Picture Industry Pension & Health Plan, which had been approaching “critical” status before the pandemic. The union has proposed new sources of funding through streaming residuals and increased employer contributions, while the companies want more cost-sharing by the workers themselves. A source said that the two sides were far apart in this area last week.

Little progress also was reported ahead of today’s bargaining session on wages, sick leave, rest periods and new media – all of which would cost the companies more money.

The negotiations are taking place both in person and virtually.

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FDA Approves Pfizer’s Pneumococcal 20-valent Conjugate Vaccine For Adults

The U.S. Food and Drug Administration has approved Pfizer Inc.’s (PFE) PREVNAR 20 or Pneumococcal 20-valent Conjugate Vaccine for the prevention of invasive disease and pneumonia caused by the 20 Streptococcus pneumoniae or pneumococcus serotypes in the vaccine in adults ages 18 years and older.

It is the first approval of a conjugate vaccine that helps protect against 20 serotypes responsible for the majority of invasive pneumococcal disease and pneumonia, including seven responsible for 40% of pneumococcal disease cases and deaths in the U.S.

PREVNAR 20 includes capsular polysaccharide conjugates for the 13 serotypes already included in Prevnar 13. The vaccine also contains capsular polysaccharide conjugates for seven additional serotypes.

It is expected that the U.S. Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practices will meet in October to discuss and update recommendations on the safe and appropriate use of pneumococcal vaccines in adults.

European Economics Preview: Germany Industrial Output, Economic Confidence Due

Industrial production and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany’s industrial production data for April. Economists forecast output to grow 0.5 percent on month, slower than the 2.5 percent increase in March.

At 2.45 am ET, foreign trade and current account figures are due from France.

At 3.00 am ET, industrial production from Hungary and retail sales from the Czech Republic are due. Economists forecast retail sales to grow 11.3 percent annually in April following a 6.6 percent rise in March.

Half an hour later, Statistics Sweden publishes industrial production and new orders data.

At 4.00 am ET, Italy’s Istat releases retail sales for April. Sales had decreased 0.1 percent on month in March.

At 5.00 am ET, Germany ZEW economic confidence survey results are due. The economic confidence index is forecast to rise to 86.0 in June from 84.4 in May.

India records 92,596 new COVID-19 cases over past 24 hours

A man sits on a cycle rickshaw at a wholesale market after authorities eased lockdown restrictions that were imposed to slow the spread of the coronavirus disease (COVID-19), in the old quarters of Delhi, India, June 8, 2021. REUTERS/Adnan Abidi

BENGALURU (Reuters) – India on Wednesday reported 92,596 new COVID-19 infections over the past 24 hours, and 2,219 deaths from the coronavirus.

The country’s total COVID-19 case load now stands at 29.1 million, while total fatalities are at 353,528, according to data from the health ministry.