- Moderna has announced that they have received approval for their phase 2 trials while they are still completing phase 1.
- These trials are sponsored by National Institute of Allergy and Infectious Disease (NIAID).
- Phase 2 will include at least 600 participants receiving two different dosages and a placebo
- Finalizing plans for a Phase 3 trial as early as this summer (previously it was set to begin in the fall)
- Looking to have its biologics license application (BLA) approval as soon as 2021. This approval would let the vaccine go into use.
- Pfizer and Inovio also have clinical trials on the go.
- BioNTech aims to have millions of doses ready by the end of the year.
CANADIAN EMPLOYMENT DATA
- Canada’s unemployment was up 13.0% in April vs 7.8% in March.
- Jobs fell by 2 million (we were expecting 4 million), for a total of 3 million over the past 2 months and a decrease in our work force of nearly 16%.
- Our work force hasn’t been this small since the 60’s
- Hours worked have been reduced by a massive 28% since February
- The participation rate fell 3.7% to 59.8%
- Job cuts driven by the private sector (-1,874k), full time dropped 1,472k
- All provinces saw job losses with Ontario (-689k), Quebec (-557k), British Columbia (-264k) and Alberta (-244k), leading the way
Statistics Canada Survey on Business Conditions: Impact of COVID-19 on businesses in Canada, conducted from April 3-24th
https://www150.statcan.gc.ca/n1/daily-quotidien/200429/dq200429a-eng.htm The Owl, ATB Economics, April 30, 2020
- Alberta Stats:
- 43.6% have reduced staff hours or shifts
- 2.8% have increased staff or shifts; 2.1% have increased wages
- 1 in 5 have reduced wages
- 7.7% have delayed paying staff
- 41.8% have laid off staff
- 1 in 10 have laid off all employees; 25% have laid of 50% or more
US EMPLOYMENT DATA
- The non-farm payroll shrunk by 20.5 million in April, having an unemployment rate of 14.7% (estimated 22 million and unemployment @16.7%).
- The private sector lost 19.5 million jobs, service sector lost 17.1 million jobs, including -7.7 million in leisure/hospitality.
- All the jobs created in the US since 2011 have been wiped out.
- Highest unemployment since 1940 when it was 14.7%.
- The participation rate at 60.2% was the lowest since 1972. (this means it was closer to average near 62% then the unemployment rate might have been 16.5%).
CRIME IN A TIME OF COVID-19
- Fewer traffic violations, less drunk driving and fewer frauds.
- Edmonton police have seen 52% increase in mental health calls in March 2020 versus March 2019.
- Maryam Monsef, Canada’s minister for women and gender equality says COVID-19 is empowering domestic violence abusers as rates rise in parts of Canada.
- Alberta Council of Women’s Shelters says domestic violence has been made worse by the COVID-19 pandemic.
- Alphabet CEO said offices will slowly being reopening in June, with 10-15% of workers in at a time.
- Apple will reopen stores in Idaho, South Carolina, Alabama and Alaska starting next week; with temperature checks and limited number of people in stores.
- Vice-President Mike Pence’s press secretary tests positive for coronavirus.
- TD Bank expects to record loan loss provisions of C$1.1 billion in its US retail banking business.