Russia Says 'Sputnik 5' COVID-19 Vaccine "92% Effective", US Sees Record Jump In New Cases: Live Updates Tyler Durden Wed, 11/11/2020 - 08:14 Summary: US reports another daily record in cases Russia says Sputnik 5 92% effective Tokyo reports another 300+ new cases, most since August Iran reports new record jump in deaths Hungary makes masks mandatory in public spaces Germany reports most new deaths since mid-April Bulgaria reports daily record * * * In the US, yesterday's string of record numbers out of Illinois and certain other western states remains the biggest story, as more governors move to tighten restrictions (Maryland's GOP Gov Larry Hogan and California Gov Gavin Newsom, to name a couple), in the face of rising hospitalizations and deaths. Meanwhile, in Europe, Germany reported the most new deaths in a single day since mid-April, while Bulgaria reported a record jump as an outbreak flares in the southern European state. Hungary, meanwhile, just made mask wearing mandatory in public spaces, part of new restrictions to curb a spike in deaths. The US reported another record jump in new cases on Tuesday, according to data collected by Johns Hopkins and the COVID Tracking Project. In total, the states reported 1.2 million tests and 131k confirmed new cases, the latest in what has become a string of new daily national records this week. What's more, there are 62k people currently hospitalized with COVID-19, a new record high, surpassing the numbers from April. Deaths came in at 1,347, topping the 1,000/day mark yet again, and bringing the 7-day average for deaths to its highest level since the summer. Meanwhile, two days after Pfizer announced the initial headline number from its Phase 3 study purporting to show the vaccine is 90% effective at reducing infection, Russia's sovereign wealth fund, which essentially financed the development of Sputnik 5, Russia's first-in-the-world vaccine, has just confirmed that its preliminary Phase 3 trial data show Sputnik 5 (which relies on a different technology than the Pfizer-BioNTech vaccine) is 92% effective. That's two whole percentage points more effective than its western rival. Russia's Sputnik V vaccine is 92% effective at protecting people from COVID-19 according to interim trial results, the country's sovereign wealth fund said on Wednesday, as Moscow tries to keep pace with Western drugmakers in the race for a shot. The initial results are only the second to be published from a late-stage human trial in the global effort to produce vaccines that could halt a pandemic that has killed more than 1.2 million people and ravaged the world economy. Russia registered its COVID-19 vaccine for public use in August, the first country to do so, though the approval came before the start of the large-scale trial in September. Notably, the Russian vaccine is 2 percentage points more effective than the American vaccine. Post-registration trials for Russia's second vaccine are set to begin Nov. 15. Here's a roundup of other COVID-19 headlines from overnight and Wednesday morning: Tokyo confirmed 317 cases of coronavirus Wednesday, the biggest daily total since Aug. 20, pushing the total number of cases in the capital city to 33,377 (Source: Bloomberg). Malaysia reports 822 new coronavirus cases, raising the total to 42,872, as the Southeast Asian country also recorded two new deaths, taking its total official death toll to 302 (Source: Nikkei). A total of 462 people, a daily record, die from the new coronavirus over the past 24 hours, Iran's health ministry's spokeswoman tells state TV. The number of cases rose by 11,780, also a daily high (Source: Bloomberg). The Philippine health ministry on Wednesday recorded 1,672 new coronavirus infections and 49 additional deaths. In a bulletin, the ministry said total confirmed cases have increased to 401,416 while deaths have reached 7,710 (Source: Nikkei). Germany recorded 26,547 new cases in 24 hours, up from 6,522 the previous day, according to data from Johns Hopkins University. That brought the total to 715,693. While it’s a large daily jump, new infections have fluctuated significantly in recent weeks. Fatalities rose by 373 to 11,781, the biggest daily increase since mid-April (Source: Bloomberg). In Bulgaria, a record-high 4,390 daily cases were reported, with the numbers of hospitalized and patients in intensive care units also at their highest. The total number of positive cases in the Balkan country doubled in the past two weeks. Prime Minister Boyko Borissov, who was treated at home for two weeks and tested negative on Tuesday, has repeatedly rejected the option of a complete lockdown (Source: Bloomberg). Hungary is making masks mandatory in many public spaces in bigger cities as of Wednesday as part of fresh restrictions designed to curb a spike in virus deaths. Further rules were needed to avoid hospitals being overwhelmed, Prime Minister Viktor Orban said in an interview on state television late Tuesday. The government will review the impact of the measures in two weeks, he said (Source: Bloomberg). Indonesia reports 3,770 new coronavirus infections on Wednesday, taking its total number of cases to 448,118, according to the country's COVID-19 task force. It also reports 75 more deaths, taking total fatalities to 14,836 (Source: Nikkei).