Here's what's driving sports and business on July 1.
Bobby Bonilla Day
In the world of sports, July 1 is known as Bobby Bonilla day.
On this day, every year since 2011—and running through 2035—the New York Mets will pay Bobby Bonilla over 1 million dollars.
The 57-year-old Bonilla last played for the Mets in 1999 and last played baseball in 2001. Nevertheless, in 2000, the Mets bought out the remaining $5.9 million on Bonilla's contract and the buyout included an 8% negotiated interest rate. In other words, the Mets will be making a payment of just over $1.1 million for 25 years.
During this negotiation, the Mets were advised by Bernie Madoff.
Daily Coronavirus Update
There are 10.5 million cases of the virus worldwide, with over 512,000 deaths. The U.S. has 2.6 million cases and 127,000 deaths.
The World Health Organization is warning that some countries might have to reimplement interventions such as lockdowns to help stop the spread of the coronavirus. The director of the WHO noted that countries such as Spain and Italy have been successful in driving back their outbreaks, which were severe earlier in the pandemic, by adhering to a comprehensive public health strategy.
But this is not the case with some other countries.
“Some countries who have had success in suppressing transmission who are opening up now may have a setback, may have to implement interventions again, may have to implement these so-called lockdowns again,” said Dr. Maria Van Kerkhove, who is the head of the WHO’s emerging diseases and zoonosis unit at a news briefing.
“We hope that we won’t have to go into widespread lockdown again. So it’s not too late to act fast,” she continued.
No specific countries were called out at the briefing.
And Pfizer announced some positive news around its vaccine candidate. No serious adverse effects were reported in the study, Pfizer said. The study randomly gave 45 patients one of three doses of the vaccine, or placebo. Twelve people got a 10-microgram dose, another 12 got a 30-microgram dose and the final 12 a 100-microgram dose and then nine received a placebo. If regulators ultimately approve the drug, Pfizer said, the companies—Pfizer and BioNTech—plan to manufacture up to 100 million doses by the end of the year, and "at least" another 1.2 billion by the end of 2021.
The Accuracy of COVID-19 Tests
The accuracy of the coronavirus test given to members of the PGA Tour has been questioned after PGA Pro Camron Champ withdrew from the Travelers Championship after a positive test.
However, five days later Champ tested negative three times. Champ said on twitter that he does not have any symptoms, and PGA Tour Spokesperson Laura Neal said that "An initial positive is a positive test, and there is a medical explanation of what happens from there.”
Neal went on to state, “Basically, given the accuracy percentage of the testing process we’re using, we’re confident the person has the virus in them and we want to be on the safest side possible.”
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