New York's Cuomo pleads for doctors, nurses from other states to aid its hospitals

Speaking at a makeshift hospital in Manhattan preparing to receive its first patients on Monday, Cuomo sought to divert attention from any tension with Trump, with whom he has tussled in recent days over the distribution of ventilators in storage. "I am not engaging the president in politics," said Cuomo, who has emerged as a leading national voice on the coronavirus pandemic. New York is at the epicenter of the crisis.

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The Justice Department is reportedly investigating actions by US lawmakers who dumped stocks before the market plunged over coronavirus fears

The FBI has reportedly reached out to Republican Sen. Richard Burr as part of the investigation, which is in its early stages.

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Kremlin Fights U.S. Sanctions, Backs Maduro in Rosneft Deal

(Bloomberg) -- The Kremlin’s sudden shift of ownership of multi-billion-dollar oil projects in Venezuela shields oil giant Rosneft PJSC from further U.S. sanctions but keeps Moscow firmly behind embattled President Nicolas Maduro amid a wider stand-off with Washington.“Russia is not walking away from Maduro and will seek to thwart U.S. efforts to depose him,” said Vladimir Frolov, a former diplomat and foreign policy analyst in Moscow. “Moscow is just shielding Rosneft from sanctions which could result in a blanket embargo on all Rosneft exports.”Fears of broader sanctions have grown after the U.S. in recent months slapped restrictions on Rosneft trading companies for handling business with Venezuela. More recently, the U.S. has hinted that it might step up pressure on the Russian oil sector to reduce production. That followed Moscow’s decision early this month not to deepen output cuts agreed with OPEC led Saudi Arabia to boost output, flooding the market and pushing prices to the lowest levels in decades.The administration of President Donald Trump has already reached out to Saudi leaders to reconsider their strategy, which has battered producers in the U.S. with low prices. Trump said Monday he plans to speak by phone with Putin later in the day to talk about the oil market and may discuss sanctions and Venezuela.Read: Putin and MBS Draw Trump Into Grudge Match for Oil SupremacyRosneft late Saturday announced it’s turning over its Venezuelan projects to an unnamed state-owned company in what it called an effort to protect its shareholders’ interests.Sechin AutonomyAs part of the deal, Rosneft gets 9.6% of its own shares previously held by state holding company Rosneftegaz, bringing direct government ownership to just over 40%, according to two people familiar with the transaction. While Rosneft will remain firmly under Kremlin control, the shift in ownership could give Igor Sechin, who as chief executive and a longtime Putin ally is already one of Russia’s most influential people, even more autonomy, these people said.“Sechin gets Rosneft shares and Putin gets the chance to trade with Trump,” said Konstantin Simonov, head of the National Energy Security Fund in Moscow.Neither the company nor the government would comment on whether the deal will bring state ownership below 50%.Rosneft, which produces 40% of Russian oil and 5% of world output and has substantial exposure in the western financial system, can’t afford the risk of broad U.S. sanctions that could cripple its operations. Earlier this month, a Chinese company said it wouldn’t buy crude from Rosneft because of the risks caused by the sanctions on the trading companies.“As recently as February, the Venezuelan business was profitable, which offset the sanctions risk,” said Ivan Timofeyev, an analyst at the Kremlin-founded Russian International Affairs Council. “Now the desire to avoid sanctions coincided with the need to avoid losses” after oil prices plunged, he added.The Russian giant has already cut its exposure under multi-billion-dollar prepayment deals reached several years ago. Venezuela’s oil producer PDVSA owes Rosneft only $800 million at the end of the third quarter of 2019, according to the last available data, down from $4.6 billion at the end of 2017.Sanctions ProtectionThe latest Russian maneuver mirrored its strategy in 2018 when it used Promsvzyabank to set up a new banking vehicle to serve the defense industry after state-owned weapons producers came under U.S. sanctions, thereby shielding the country’s two largest banks, government-controlled Sberbank and VTB. Unlike those big lenders, which have significant exposure to western financial institutions and thus are at risk from sweeping U.S. sanctions, the new special entity operated largely out of Washington’s reach.While Rosneft may even push to have the recently imposed sanctions on the trading units lifted, risks remain.“Rosneft is trying to stay out of the firing-line but nothing stops the Americans from finding another pretext to sanction it,” said Fyodor Lukyanov, who heads the Council on Foreign and Defense Policy, a research group in Moscow that advises the Kremlin.“Russia understands that Maduro is in an awful situation, especially with oil prices at rock bottom,” he said. “But Putin’s psychology is that you should stick with partners in difficulty.”Frolov said, “Moscow thinks that Maduro is actually winning the fight with the opposition and is likely to split it to the point where he would be able to win parliamentary elections this year.” Russia has backed Maduro even as the U.S. and its allies back opposition leader Juan Guaido.Maduro said on state TV on Saturday evening that ”President Putin sent me a message through his ambassador reaffirming their strategic and integral support to Venezuela in all areas.”(Updates with Rosneft stake shift in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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A coronavirus patient's phlegm or poop could still have live virus in it even after they recover and test negative, new research suggests

New research raises doubts about whether negative throat swabs are enough to say a patient is coronavirus-free. Doctors may have to sample their poop.

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Surge of virus cases in California threatens hospitals

A surge of coronavirus cases in California has arrived and will worsen, Gov. Gavin Newsom said Friday, while the mayor of Los Angeles warned that by early next week his city could see the kind of crush that has crippled New York.

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Prisoners riot in Iran; Netanyahu goes into self-quarantine

Prisoners in southern Iran broke cameras and caused other damage during a riot, state media reported Monday, the latest in a series of violent prison disturbances in the country, which is battling the most severe coronavirus outbreak in the Middle East. Israel meanwhile announced that Prime Minister Benjamin Netanyahu will enter self-quarantine after an aide tested positive for the virus. Speaking from confinement at home, Netanyahu called on Israelis to remain at home and avoid family gatherings during the upcoming spring holiday season.

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Trump says 'nobody' could've predicted a pandemic like coronavirus. Here are all the times he was warned about it and refused to take action.

Trump ignored multiple warnings about an impending pandemic and gutted the US agencies responsible for responding to such an outbreak.

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AI tool predicts which coronavirus patients get deadly 'wet lung'

Researchers in the US and China reported Monday they have developed an artificial intelligence tool that is able to accurately predict which newly infected patients with the novel coronavirus go on to develop severe lung disease. Once deployed, the algorithm could assist doctors in making choices about where to prioritize care in resource-stretched health care systems, said Megan Coffee, a physician and professor at New York University's Grossman School of Medicine who co-authored a paper on the finding in the journal Computers, Materials & Continua. The tool discovered several surprising indicators that were most strongly predictive of who went on to develop so-called acute respiratory disease syndrome (ARDS), a severe complication of the COVID-19 illness that fills the lungs with fluid and kills around 50 percent of coronavirus patients who get it.

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Saudi Arabia expands lockdown as coronavirus death toll doubles

Saudi Arabia halted entry and exit into Jeddah governorate on Sunday, expanding lockdown rules as it reported four new deaths from a coronavirus outbreak that continues to spread in the region despite drastic measures to contain it. The Saudi health ministry said four more foreign residents, in Jeddah and Medina, had died from the virus, taking the total to eight. Oman, Kuwait and Bahrain reported more cases, taking the total in the six Gulf Arab countries to over 3,200, with 15 deaths.

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Off to the cafe: Sweden is outlier in virus restrictions

People still sit at outdoor cafes in the center of Sweden's capital. Swedish authorities have advised the public to practice social distancing and to work from home, if possible, and urged those over age 70 to self-isolate as a precaution. Standing at bars has been banned in Sweden, but restaurant customers can still be served at tables instead of having to take food to go.

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