New strain of flu in China has pandemic potential, scientists warns

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Pigs in their pen at a farm on the outskirts of Chengdu in China’s south west Sichuan province, on August 2, 2005.

Peter Parks | AFP | Getty Images

Scientists have identified a new strain of flu carried by pigs in China that they say has the potential to become a pandemic.

The new strain is descended from the type of flu — known as “swine flu” — that emerged in 2009 causing the first global flu pandemic in 40 years.

The scientists published their peer-reviewed findings in U.S. science journal Proceedings of the National Academy of Sciences on Monday.

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WHO warns of ‘hotspots’ in Africa; Regeneron tests its potential therapy on humans

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Confirmed coronavirus cases in the U.S. topped two million as the virus begins to spread more rapidly in some states that aggressively reopened such as Texas, Arizona, North Carolina and others. While health officials expected cases to rise as states reopened, the focus now is on ensuring that surges don’t boil over into uncontrolled outbreaks. 

Biotech company Regeneron announced it has started to test its potential coronavirus drug on humans to evaluate if it can effectively treat and even prevent Covid-19. 

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be

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AstraZeneca contacted Gilead over potential megamerger

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A pedestrian walks past signage outside an AstraZeneca Plc research and development facility in Shanghai, China, on Monday, June 8, 2020.

Qilai Shen | Bloomberg | Getty Images

Britain’s AstraZeneca has approached U.S. rival Gilead Sciences about a possible merger to form one the world’s largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.

Such a deal would unite two of the drugmakers at the forefront of the industry’s efforts to fight the new coronavirus and could be politically sensitive as governments seek control over potential vaccines or treatments.

AstraZeneca contacted Gilead last month, but

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Brooks Brothers seeks potential bankruptcy financing amid sale process

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A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada.

Andrew Chin | Getty Images

Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales of the two-century-year-old retailer, people familiar with the matter tell CNBC.

Brooks Brothers is continuing a sale process it launched earlier this year to heavy interest, and could still conduct a sale without filing for bankruptcy, these people say.

However, its talks about so-called debtor-in-possession

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