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Tuesday Coronavirus Update: The NYSE Partially Reopens

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Good morning, it’s Tuesday, May 26. 

Here’s your daily coronavirus update.

There are 5.5 million cases of the virus worldwide, with over 346,000 deaths.

In the U.S., there are 1.6 million cases and 98,000 deaths.

Brazil has over 374,000 cases, which surpasses New York state’s 362,000 cases.

Russia has around 362,000 cases.

Novavax has begun enrolling patients in a trial for its coronavirus vaccine candidate.

The Phase 1 portion of the trial will enroll about 130 healthy participants 18 to 59 years of age at two sites in Australia. The trial will evaluate the safety and effectiveness of the company's vaccine candidate.

Stanley Erck, CEO of Novavax, said, “We look forward to sharing the clinical results in July and, if promising, quickly initiating the Phase 2 portion of the trial.”

And then there’s the NYSE.

The New York Stock Exchange will reopen its trading floor Tuesday but only about 25% of the normal trader workforce will be back.

The NYSE closed the floor about two months ago due to the coronavirus pandemic and moved to all-electronic trading.

Traders who return Tuesday must wear masks and follow social-distancing guidelines.

To return to their jobs, floor traders must sign a liability waiver that prevents them from suing the NYSE if they get infected at the exchange, according to The Wall Street Journal. 

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