The U.S. Food and Drug Administration has revoked emergency authorization of hydroxychloroquine for the coronavirus, the drug touted by President Donald Trump as a potential treatment.
The agency said in a letter the decision was based on new evidence that it was no longer reasonable to believe the drug "may be effective in diagnosing, treating or preventing" the coronavirus and the illness it causes, COVID-19.
Stocks also took another hit worldwide Monday as a rise of coronavirus cases in the United States and China cloud investors' optimism for a global economic recovery.
The S&P 500 sank 2% in the first few minutes of trading, following up on even sharper losses in Asia and milder ones in Europe. U.S. stocks are now 12% below their record set in February, after a furious rally had brought them back within 5.8% in the middle of last week.
Case numbers are still growing in states across the country and nations around the world. Governments are relaxing lockdowns in hopes of nursing their devastated economies back to life, but without a vaccine, the reopenings could bring on further waves of COVID-19 deaths.
By the numbers: The coronavirus isn't going away anytime soon. Confirmed cases in the United States are more than 2 million, according to the Johns Hopkins University dashboard. America's death toll is more than 115,000. Globally, there are more than 7.9 million confirmed cases and more than 434,000 people have died.
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What's in the newsStocks slumped Monday as a rise of coronavirus cases in the U.S. and China dampened investors’ optimism for a global economic recovery. – USA TODAYFlorida health officials aren't tracking coronavirus illnesses tied to restaurants and restaurants are under no obligation to report employees who test positive. – Naples Daily NewsDr. Anthony Fauci warned a British newspaper that vacationers across the pond shouldn't expect travel restrictions to the U.S. to lift anytime soon. – USA TODAYEuropean countries reopened borders Monday after a three-month coronavirus shutdown. – Associated Press
What we're reading
China has officially removed the pangolin, which has been linked to the coronavirus outbreak, from its 2020 list of approved ingredients for traditional Chinese medicine as part of a recent crackdown on wildlife trade.
Horseshoe crab blood is used in testing anything that can be surgically implanted, injected or swallowed as medication – and now it's being used to test the coronavirus vaccines now in development.
With stay-at-home orders being lifted, many are eager to start traveling again. Here's what you need to know to stay safe at airports, on planes, in hotels or just trying to get from place to place.
That blue liquid that barbers and hairstylists drop used combs into between services — Barbicide — is selling more than ever before.
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