Italy to extend state of emergency; Nevada rolls back reopen for bars

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U.S. producer prices unexpectedly fall in June

U.S. producer prices unexpectedly fell in June as depressed demand amid the Covid-19 pandemic battled the economy.

The Labor Department said its producer price index for final demand dropped 0.2% last month after rebounding 0.4% in May, Reuters reported. In the 12 months through June, the PPI declined 0.8% after decreasing 0.8% in May.

Economists polled by Reuters had forecast the PPI climbing 0.4% in June and falling 0.2% on a year-on-year basis. —Melodie Warner

Coronavirus ‘most likely’ transmitted through particles in the air, ECDC says

The coronavirus is “most likely” transmitted through

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Danaher antibody test gets emergency approval; Gilead announces remdesivir pricing

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New cases of the coronavirus continued to surge over the weekend across several U.S. states, mostly in the American South and West. Amid the rise in new cases, Health and Human Services Secretary Alex Azar warned Sunday that the “window is closing” to curb the spread of the virus and get the outbreak under control.

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. 

  • Global cases: More than 10.15 million
  • Global deaths: At least 502,048
  • U.S. cases: More than 2.54 million
  • U.S.
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FDA revokes emergency use of hydroxychloroquine

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A pharmacy tech pours out pills of Hydroxychloroquine at Rock Canyon Pharmacy in Provo, Utah, on May 20, 2020.

George Frey | AFP | Getty Images

The Food and Drug Administration said Monday it is ending its emergency use authorization for chloroquine and hydroxychloroquine, the anti-malaria drugs backed by President Donald Trump to combat Covid-19.

The agency determined the drugs were “unlikely to be effective in treating COVID-19 for the authorized uses in the EUA.”

“Additionally, in light of ongoing serious cardiac adverse events and other serious side effects, the known and potential benefits of CQ and HCQ no longer

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Canada recommends masks, says emergency loans have no cap but many limits

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OTTAWA (Reuters) – There will be no cap on the size of Canada’s emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on Wednesday, as it recommended wearing masks in public for the first time.

FILE PHOTO: Canada’s Prime Minister Justin Trudeau arrives to a meeting of the special committee on the COVID-19 pandemic, as efforts continue to help slow the spread of the coronavirus disease (COVID-19), in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada May 13, 2020. REUTERS/Blair Gable/File Photo

“We are not offering companies

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