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Russia plans mass vaccination

Russian health authorities are preparing to launch a mass vaccination campaign against coronavirus in October, the health minister said.

Russian media quoted Mikhail Murashko as saying that doctors and teachers would be the first to receive the vaccine.

Reuters said, citing anonymous sources, that Russia’s first potential vaccine would be approved by regulatory authorities later this month.

However, some experts are concerned about Russia’s accelerated approach.

On Friday, the leading expert on infectious diseases in the US, Dr Anthony Fauci, said he hoped that Russia – and China – would “actually test the vaccine” before administering it to anyone.

Dr Fauci said the US should have a “safe and effective” vaccine by the end of this year.

“I don’t think we will have vaccines so far ahead of us that we will have to rely on other countries for vaccine procurement,” he told U.S. lawmakers.
Many potential coronavirus vaccines are being developed worldwide and more than 20 are currently in clinical trials.

Mr Murashko, who was quoted by Interfax news agency, said the Gamaleya Institute, a research facility in Moscow, had completed clinical trials of a vaccine and that papers were being prepared for its registration.

“We are planning more comprehensive vaccinations for October,” he said, adding that teachers and doctors would be the first to receive the vaccine.

Last month Russian scientists said the first trials of an adenovirus-based vaccine developed by the Gamaleya Institute had been completed and the results were a success.

Stocks Rise Most In Week Amid

Inventories rose for a third day as optimism about a recovering US economy outweighed concerns about a worsening of coronavirus cases in places from Texas to China. Treasury yields rose and the dollar strengthened.

The S&P 500 rallied the strongest in more than a week, with Energy, Healthcare and Materials leading across all 11 industry sectors. The benchmark index rose earlier after data showed that U.S. retail sales rose the most. The chairman of the US Federal Reserve, Jerome Powell, said in his biannual policy report to Congress that the US economy may have bottomed out.

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How to Prepare for the Coronavirus

The corona virus (COVID-19) is spreading by leaps and bounds. However, infections with the virus are increasing not only in China, but worldwide. Due to the increasing global networking and the resulting dependencies and interrelationships, the effects are also of great importance for German companies.

The currently rapidly and dynamically developing corona virus makes the associated risk and damage potential difficult to assess monetarily. Dealing with the corona virus is a particular challenge for affected companies, but also for the state and for insurers.

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