Trump says the U.S. will cut ties with World Health Organization

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U.S. President Donald Trump makes an announcement about U.S. trade relations with China and Hong Kong in the Rose Garden of the White House in Washington, May 29, 2020.

Jonathan Ernst | Reuters

President Donald Trump announced Friday that the United States will cut ties with the World Health Organization.

“China has total control over the World Health Organization despite only paying $40 million per year compared to what the United States has been paying, which is approximately $450 million a year,” Trump said during a press conference from the White House Rose Garden.

“The world needs answers from China

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Sanofi suspends recruitment for clinical trials testing hydroxychloroquine

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A box of Plaquenil, an anti-malaria drug hydroxychloroquine made by Sanofi, used for years to treat malaria and autoimmune disorders.

Alain Pitton | NurPhoto | Getty Images

French drugmaker Sanofi said Friday it is suspending recruitment of new patients for its clinical trials looking at anti-malaria drug hydroxychloroquine as a potential treatment for the coronavirus.

The company is also putting a hold on supplying the drug for off-label use to treat Covid-19 until safety concerns are cleared by the World Health Organization.

“Patient safety is Sanofi’s primary focus,” a Sanofi spokesperson said in a statement to CNBC. “In line with

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CDC quietly revised coronavirus warnings on reopening religious sites

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U.S. President Donald Trump gives the podium to Centers for Disease Control (CDC) Director Robert Redfield to address the daily coronavirus disease (COVID-19) outbreak task force briefing at the White House in Washington, U.S. April 22, 2020.

Jonathan Ernst | Reuters

The Centers for Disease Control and Prevention has quietly removed some of its warnings about the coronavirus pandemic and added new language about the First Amendment to its guidance on reopening houses of worship. 

The agency published guidance last Friday to help religious communities safely reopen for public services with modifications meant to minimize the risk of an outbreak.

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Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi

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Residents wait in line for free groceries from a pop-up food pantry amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, May 19, 2020.

Brian Snyder | Reuters

The historic job losses suffered around the world are disproportionately affecting women, Citi said in a new research report. On top of being an inequality issue, there are real economic consequences.

The firm said that 44 million people globally, excluding China, could wind up losing their job in the six sectors most impacted by the coronavirus-induced slowdown. Citi believes that around 31 million of those people will be women, compared with 13

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