ARIZONA POSITIVE RATE JUMPS; FLORIDA CASES EASE; VIRUS UPDATE  1900W

(Bloomberg) -- Spanish Prime Minister Pedro Sanchez rejected calls for a new national lockdown as the country re-emerges as the epicenter of the pandemic in Europe. German infections increased at a pace close to a four-month high.

Yulia Tymoshenko, the former Ukrainian prime minister who helped lead the 2004 Orange Revolution, has been moved to intensive care after contracting the virus. In Asia, Hong Kong will ease some social-distancing rules after new cases fell, while infections in Seoul may have peaked over the past weekend, health officials said.

The head of the U.S. Food and Drug Administration walked back his claim that an experimental therapy had provided a dramatic benefit to Covid-19 patients. President Donald Trump put his response to coronavirus center stage on the first night of the Republican National Convention.

Key Developments:

Global Tracker: Cases top 23.6 million; deaths surpass 814,000Covid’s lingering malaise adds to $35 trillion economic cost Vanishing jobs, empty offices plague Britain’s retailers Big pharma needs vaccine to redeem reeling reputation Back to school could be dangerous for some Understanding the virus and its unanswered questions Vaccine Tracker: where we are in the race for protection

Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on coronavirus cases and deaths.

Florida Cases Continue to Moderate (11:52 a.m. NY)

Florida reported 605,502 Covid-19 cases on Tuesday, up 0.4% from a day earlier, compared with an average increase of 0.7% in the previous seven days.