Copper Pipes & Tubes Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2027

Copper Pipes & Tubes Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2027

Jun 12, 2020 (Market Insight Reports) —
Selbyville, Delaware, Market Study Report LLC: The Report 2020-2027 Global Copper Pipes & Tubes Market Report… London, June 11, 2020 (GLOBE NEWSWIRE) — According to a new market research report titled, “Unmanned Aerial Vehicle (UAV) Market by Component (Hardware,… Vietnam said Exxon Mobil Corp. is considering investments in the nation’s power sector, a move that would support trade with the U.S. and open a potential new frontier for the upstream-focused oil and gas major. The United States surpassed 2 million coronavirus cases on Thursday, less than five months after the first known case was reported on American soil. China’s state-owned power giants have been asked to prepare reports on historical emissions that officials will use to set up the world’s largest carbon market, according to people familiar with the request. A conversation on the latest market-moving news.

Global Copper Pipes & Tubes Market is valued approximately at USD 41 million in 2019 and is anticipated to grow with a CAGR of more than 3.25% over the forecast period 2020-2027. The copper pipes have extensive industrial use, because of its non-corrosive and non-reactive nature, These pipes and tubes are also used to transport gases, since copper is non-permeable to air and gas and offers reduced chances of oxygen, ultraviolet ( UV) rays and temperature leakage and contamination from the outside environment.

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copper pipes & tubes are widely used in municipal and industrial applications, As they are lightweight and economical They can also be joined easily, and are safe and long-lasting. Copper pipes and tubes are primarily used in HVAC due to advantages such as ease of handling and malevolence, non-pyrogenic properties and recyclability. Increasing demand for copper tubes and pipes in HVAC segment is the major driving factor As per Statista, (HVAC) market is projected to reach about 367.5 billion U.S. dollars by 2030, based on a compound annual growth rate (CAGR) of 3.9 percent between 2020 and 2030. A more recent projection estimates that the market volume of the HVAC market will reach 151.1 million units by 2024. The London Metal Exchange cash copper price shed around 15%. Expansion of liquid petroleum and natural gas lines networks in developing countries is the opportunity factor.

Major market player included in this report are:

The regional analysis of global Copper Pipes & Tubes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific dominates the market for copper pipes and tubes due to increased sales of industrial and domestic HVAC systems, increased investment in the development and distribution of copper pipes and tubes, rapid industrialization and urbanization in the region. Rising development of infrastructure and municipal construction in developing countries such as China and India is likely to boost demand for copper pipes & tubes during the forecast period.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

By Region:

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Global Copper Products Market Size study with COVID-19 Impact, by Product Type (Copper Plates, Copper Strips, Copper Foils, Copper Tubes, Copper Rods, Copper Wires and Copper Profiles), by Application (Corrosion Resistance Part, Electrical Conductivity Part and Structural Part) and Regional Forecasts 2020-2026

Governments from various countries around the world have temporarily shut down the production and supply chain of various industries and organizations as well have asked people to stay at home due to COVID-19 pandemic. Thus, Copper-based product manufacturing companies are facing challenges to survive in the market. The copper products that are used in various industries including industrial machinery, transportation, wire & cable, architecture, building construction, electrical & electronic devices, and others due to its due to its electrical and thermal conductivity.

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Unmanned Aerial Vehicle (UAV) Market Worth $21.8 billion by 2027- Pre and Post COVID-19 Market Analysis Report by Meticulous Research®

Unmanned Aerial Vehicle (UAV) Market Worth $21.8 billion by 2027- Pre and Post COVID-19 Market Analysis Report by Meticulous Research®

London, June 11, 2020 (GLOBE NEWSWIRE) — According to a new market research report titled, “Unmanned Aerial Vehicle (UAV) Market by Component (Hardware, Software), Class (Mini UAVs, Micro UAVs), End-User (Military, Commercial, Agriculture), Type (Fixed Wing, Rotary-Wing UAVs), Capacity, and Mode of Operation– Global Forecast to 2027”, the unmanned aerial vehicle (UAV) market is expected to grow at a CAGR of 14.1% from 2020 to 2027 to reach $21.8 billion by 2027. Also, in terms of volume, the market is expected to grow at a CAGR of 16.2% from 2020 to 2027 to reach 13.2 million units by 2027.

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Unmanned Aerial Vehicles (UAVs), or drones are aircrafts which can be operated remotely by a pilot or by pre-programmed schedules or automation systems, allowing it to fly autonomously. A wide range of industries and organizations, including military, government, industrial and recreational users, deploy this technology across the globe. As the drone technology advances, these aircrafts are expected to become more popular and affordable. Rising adoption of UAVs in civil and commercial application, increasing deployment of UAV in border patrolling and combating terrorism, and regulations by the federal aviation administration (FAA) to permit the use of UAVs in several industries are the key factors driving the growth of the unmanned aerial vehicle (UAV) market. However, the restrictions imposed on the commercial use of UAVs in various countries are anticipated to obstruct the growth of this market to some extent.

Impact of COVID-19 on the Unmanned Aerial Vehicle (UAV) Market

UAV manufacturers worldwide are struggling to meet production deadlines as the coronavirus continues to impact Chinese electronic component manufacturing industries. A growing number of component suppliers worldwide are also experiencing slowdowns or shutdowns in response to the COVID-19, which affects the availability of sub-components in a snowball effect.

China is the home for major consumer electronics manufacturers. After the outbreak of COVID-19, many technology sectors are facing new challenges in the supply chain. It has been almost two decades since the SARS virus spread across China, affecting thousands of people in the country and heavily impacting the global economy. The Chinese economy accounted for only 4% of the world’s GDP back in 2003; however, it accounts for around 16% in 2020. China has made the world heavily dependent on its manufacturing capabilities since 2003. However, after the WHO’s official announcement of the coronavirus outbreak in January 2020, exports from China have reduced significantly. As a result, UAV industries across the world that are dependent on imports of battery, gimbal, camera, or a small piece of plastic manufactured from China have suffered severe setbacks. For instance, the U.S.-based Skydio assembles UAVs in the U.S., but the company is suffering from the supply-chain disruption caused by the slowdown in manufacturing of the parts.

Further, as per the press release of DJI (the largest UAV manufacturer in the world), DJI is working to limit the impact on customers but says that shortages may occur. Also, disruptions in the supply chain due to COVID-19 have slowed down the shipments of UAVs to major markets across the globe. 

COVID-19 Impact Assessment by Meticulous Research®

The COVID-19 impact on unmanned aerial vehicle market is analyzed on the basis of 3 scenarios, namely severe impact, slow recovery, and fast recovery growth. 

  • The severe impact situation considers a sharp decline in market revenues during 2020 and 2021, followed by a period of gradual market growth during the forecast period.
  • The slow recovery scenario considers a minor dip in terms of market revenue during 2020 and 2021, while the market recovers at a slow to moderate pace 2022 onwards.
  • Under the fast recovery scenario, market revenues during 2020 and 2021 are somewhat affected, followed by a consolidation of market revenues during the subsequent years of the forecast period

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Meticulous Research® predicted that the UAV market growth would be somewhat staggered during 2020, owing to a limited military spending by countries, globally. Several of the defense contracts that were slated to commercialize in 2020 have been put on hold due to the pandemic, forcing countries to focus their spending on healthcare sector. Meticulous Research® estimates a major dip in terms of revenue generated from military contracts. A bulk of revenue generated in military segment would come from renewals, and refurbishment activities. An optimistic opinion cites the recovery from COVID-19 by August which would offer vendors in the market with new revenue generation opportunities.

However, the decline from military segment is in tandem to the growth and adoption of UAVs in non-military applications. The commercial and civil applications would continue to generate new revenue prospects for the global unmanned aerial vehicles market amidst the COVID-19 epidemic. Meticulous Research® estimates that the global unmanned aerial vehicle market revenue and demand will reflect fast recovery and the market would take less time to get back on track for a moderate pace growth. The bigger picture that has emerged amidst the coronavirus pandemic highlights the rising importance and usability of UAVs/drones in conducting automated operations, thereby safeguarding human safety in critical situations like these.

The overall unmanned aerial vehicle market study presents historical market data in terms of value and volume (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of component (UAV hardware, UAV software); class (small UAVs, strategic & tactical UAVs, special-purpose UAVs); type (fixed-wing UAVs, fixed-wing VTOL UAVs, rotary-wing UAVs); capacity (<25 Kilograms,25-170 Kilograms, >170 Kilograms); mode of operation (remotely operated UAVs, semi-autonomous UAVs, fully autonomous UAVs); and end user (military, commercial, law enforcement, agriculture, energy & power, construction & mining, media & entertainment, wildlife & forestry, insurance). The study also evaluates industry competitors and analyses the market at a country level.

Based on component, the UAV hardware segment is estimated to emerge as the largest shareholder during the forecast period in the overall unmanned aerial vehicle market in 2020. The large share of this segment is primarily accounted to the rising need for replacement, upgradation, and modification of drone hardware components to improve drone lifespan and performance as well as to gain competitive advantage. In addition, several UAV manufacturers are coming up with lighter and robust hardware structures to make them function under extreme climatic conditions, which further augments the growth of this segment. However, the advancements in drone software technology and increasing demand for better data analysis will result in the software segment emerging as the fastest growing segment during the forecast period.

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Geographically, in 2020, the North America region is estimated to account for the largest share of the global unmanned aerial vehicle market, followed by Asia Pacific, Europe, Latin America, and the Middle East and Africa. The large share of the North America region is attributed to the presence of major UAV manufacturing companies and their focus on developing advanced UAV technology, along with increasing funding by the government on UAVs for border surveillance and maritime activities. In addition, favorable government initiatives regarding the advancement in drone technology coupled with the increasing demand for drone acquired data from businesses will further drive North America UAV market growth. Moreover, the U.S. Federal Aviation Administration (FAA) has released new regulations that provide more concise and clear guidelines on the legal and safe operation of UAVs in commercial spaces. These rules and regulations are expected to reduce entry barriers and increase the adoption of UAVs in the region. On the other hand, the Asia Pacific region is projected to grow at the fastest CAGR of 16.7% during the forecast period. The high growth rate is attributed to the supporting government initiatives across the region and investments by major UAV companies.

However, Asia-Pacific region is expected to witness rapid growth during the forecast period, driven by the factors such as increasing adoption of automation and advanced technologies across a wide range of industries such as China and Japan to counter the rising labor costs; favorable government initiatives across the region; and investments by major UAV companies. For instance, in 2018, Airbus (a European multinational aerospace corporation) launched the Airbus Aerial commercial drone services in the Asia-Pacific region, with Singapore as the headquarter. Further, the Chinese government is also taking initiatives for development of UAV across the country which is expected to support the growth UAV market in the region. For instance, in July 2017, the State Council of China released a “New Generation Artificial Intelligence (AI) Development Plan” with the goal of guiding China to become a global leader in AI by 2030. AI technology development is at the helm of this initiative. Under this strategy, the UAV is one of the focus sectors. This national strategy guideline calls for the production of UAVs and autonomous vehicles for consumers and industrial use.

The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4-5 years. The unmanned aerial vehicle market has witnessed number of products launches in recent years. For instance, in November 2019, Elbit Systems launched MAGNI, a fully autonomous and robust multi-rotor Vertical Take-Off and Landing (VTOL) Unmanned Aerial System (UAS). This new MAGNI is a compact and lightweight (2.5 kg) and features rapid deployment and launch (in less than 1 minute) of any combat vehicle, making it an effective tool for intelligence gathering. Similarly, in October 2019, DJI introduced Mavic Mini, an ultra-light folding drone that is intended to serve as the FlyCam for daily use. This new Mavic Mini Weighing a meagre 249 grams is lightweight, easy to operate, optimized for safety, and ideal for recreational or educational purpose.

The global unmanned aerial vehicle market is consolidated and dominated by few major players, namely Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (U.S.), General Atomics (U.S.), AeroVironment, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Parrot S.A.(France), Microdrones GmbH (Germany), PrecisionHawk Inc (U.S.), SZ DJI Technology Co., Ltd (China), 3D Robotics (U.S.), Textron Inc. (U.S.), Boeing (U.S.), Aeronautics (U.S), Saab AB (Sweden), BAE Systems plc (U.K.), Ehang (china), Raytheon Company (U.S.), Turkish Aerospace Industries (Turkey), and Yuneec International (China) among others.

To gain more insights into the market with a detailed table of content and figures, click here:

Scope of the Report:

Unmanned Aerial Vehicle (UAV) Market by Component                        

  • UAV Hardware                   
    • UAV Airframes                  
    • UAV Avionics          
      • UAV Flight Control Systems
      • UAV Navigation Systems    
        • UAV GPS/GNSS
        • UAV INS/IMU
        • UAV Sense & Avoid Systems
      • UAV Sensors 
        • Speed Sensors
        • Light Sensors
        • Proximity Sensors
        • Temperature Sensors
        • Position Sensors
        • UAV Communication Systems       
        • Others
        • UAV Propulsion Systems              
          • UAV Engines 
            • Electric Engines
            • Gas Engines
            • UAV Batteries
              • Solar Cells
              • Fuel Cells
              • Hybrid Cells
              • UAV Ground Control Stations                  
              • UAV Launch & Recovery Systems  
              • UAV Software
              • Unmanned Aerial Vehicle (UAV) Market by Class              

                • Small UAVs   
                  • Mini UAVs
                  • Micro UAVs
                • Strategic & Tactical UAVs   
                • Special-Purpose UAVs        
                • Unmanned Aerial Vehicle (UAV) Market by End-user                  

                  • Military         
                  • Commercial  
                  • Law Enforcement    
                  • Agriculture    
                  • Energy & Power       
                  • Construction & Mining        
                  • Media & Entertainment      
                  • Wildlife & Forestry   
                  • Insurance     

                  Unmanned Aerial Vehicle (UAV) Market by Type               

                  • Fixed-Wing UAVs     
                  • Fixed-Wing VTOL UAVs      
                  • Rotary-Wing UAVs   
                    • Single Rotor wing UAVs
                    • Multi-Rotor wing UAVs       

                    Unmanned Aerial Vehicle (UAV) Market by Capacity         

                    • <25 Kilograms        
                    • 25-170 Kilograms    
                    • >170 Kilograms                

                    Unmanned Aerial Vehicle (UAV)Market by Mode of Operation                

                    • Remotely Operated UAVs
                    • Semi-Autonomous UAVs
                    • Fully Autonomous UAVs

                    Unmanned Aerial Vehicle (UAV) Market by Geography

                    • North America
                      • U.S.
                      • Canada
                    • Europe
                      • UK
                      • Germany
                      • France
                      • Italy
                      • Russia
                      • Rest of Europe
                      • Asia-Pacific
                        • China
                        • India
                        • Japan
                        • Rest of Asia-Pacific    
                        • Latin America
                        • Middle East and Africa
                        • Request a sample of our strategic report and the database on the UAV Market here-

                          Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-

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                          Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

                          With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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                          Vietnam Says Exxon Eyes Gas Power Plants In Boost to U.S. Trade

                          Vietnam Says Exxon Eyes Gas Power Plants In Boost to U.S. Trade

                          Exxon Posts 38 Percent Decline In Quarterly Profit

                          Photographer: Spencer Platt/Getty Images

                          Photographer: Spencer Platt/Getty Images

                          Vietnam said Exxon Mobil Corp. is considering investments in the nation’s power sector, a move that would support trade with the U.S. and open a potential new frontier for the upstream-focused oil and gas major.

                          The Texas-based company is weighing stakes in two power plants and the gas import infrastructure to feed them, as well as in the oil refining sector, according to a post Thursday on a central government website, citing a phone call between Prime Minister Nguyen Xuan Phuc and Irtiza Sayyed, Singapore-based president of ExxonMobil LNG Market Development Inc.

                          The prime minister said shipments of American natural gas would “help create harmonious trade balance between Vietnam and U.S.” Exxon’s investment would also contribute to relations between the countries, especially as 2020 marks the 25th anniversary of reestablishing diplomatic ties. Exxon declined to comment.

                          The U.S. has sided with Vietnam in its growing tensions with China over territorial disputes in the South China Sea, where Beijing’s claims overlap with several neighboring nations. Exxon holds a major stake in Vietnam’s largest offshore energy project, and the government in Hanoi last year tried to tamp down speculation the U.S. giant planned to divest amid pressure from Beijing.

                          If confirmed, it would mark a step further for Exxon into power generation, following other global majors such as Royal Dutch Shell Plc and Total SA, which have been diversifying away from upstream production in the face of volatile prices and an uncertain demand future. Exxon so far hasn’t announced plans to build power plants itself, although it has been involved in ventures aimed at developing generation capacity.

                          Vietnam’s rapid economic growth means that its peak power demand will increase more than 2.5-fold to 2030 from 2018, according to BloombergNEF.

                          Investing in power plants could help lock in customers for Exxon’s growing LNG supply, which will continue to expand with the startup of projects from the U.S. to Mozambique. According to the post, Exxon is interested in the 4,000-megawatt Haiphong project and the 3,000-megawatt Long An venture, including the terminals to import LNG, which the company would supply from the U.S. and other countries.

                          Exxon has a 64% stake in Ca Voi Xanh, or Blue Whale, a joint-venture with state-owned Vietnam Oil & Gas Group that lies about 80 kilometers (50 miles) off the coast of Danang.

                          — With assistance by Stephen Stapczynski, Mai Ngoc Chau, and John Boudreau


                          Author: Bloomberg News

                          Live updates: Oregon pauses its reopening plans for one week after coronavirus cases hit new high

                          Live updates: Oregon pauses its reopening plans for one week after coronavirus cases hit new high

                          Oregon is one of eleven states — the others are Texas, South Carolina, Utah, Arizona, North Carolina, Arkansas, Alabama, California, Nevada and Florida — that reached its highest seven-day rolling averages of new coronavirus cases on Thursday, according to data tracked by The Washington Post.

                          The Oregonian/Oregon Live also reports that the state was unable to say whether it had the 631 contact tracers necessary to continue with reopening, and said it’s too early to tell whether Portland’s mass protests against injustice in law enforcement has affected the case numbers. Many areas of the state are in the second phase of reopening.

                          Georgia, Florida and Idaho have announced plans to move ahead with reopening, despite witnessing a high number of new coronavirus cases.

                          Here are some significant developments:

                          • The United States surpassed 2 million coronavirus cases on Thursday, less than five months after the first case was confirmed on American soil. That grim tally far exceeds the number of infections reported in any other country. The virus has now killed at least 112,000 people in the United States.
                          • Amid a worrisome surge in new infections, dismal unemployment numbers and a bleak economic forecast from the Federal Reserve, the Dow Jones industrial average on Thursday suffered its worst day since March. On Friday, U.S. stock futures were modestly higher, suggesting a higher open on Wall Street after the previous session’s rout.
                          • A former covid-19 patient received a double-lung transplant in a surgery believed to be the first of its kind in the United States, Northwestern Medicine in Chicago said.
                          • President Trump’s acceptance speech at the Republican National Convention has been moved from Charlotte to Jacksonville, Fla., because North Carolina officials balked at the prospect of holding a crowded, large-scale event in August.
                          • Italian prosecutors arrived for the questioning of the country’s prime minister, Giuseppe Conte, on Friday as part of an inquiry into how the coronavirus was able to cut such a devastating path through the northern province of Bergamo.

                          June 12, 2020 at 9:04 AM EDT

                          TORONTO — As she watched the coronavirus close schools, businesses and borders, Gaëlle Ledan sometimes became so overwhelmed she lost her appetite. But the 36-year-old asylum seeker, a physician in her native Haiti, said she never thought about quitting her job as a nursing assistant at the seniors’ home in Montreal, where she has worked for two years.

                          “I thought, ‘You have to give your best and make people’s lives better,’ ” Ledan said. “I was there for better or for worse.”

                          Ledan is one of at least several hundred asylum seekers risking their lives, and in some cases dying, for as little as $10 an hour in the trenches of Canada’s coronavirus fight, working the “essential” jobs few Canadians want, even as their own futures in the country remain uncertain. Now, under pressure from advocacy groups and some lawmakers, Prime Minister Justin Trudeau is considering ways to recognize their contributions, including regularizing their legal status.

                          By Amanda Coletta

                          June 12, 2020 at 8:51 AM EDT

                          Social media influencers — who promote products or sell their own online to followers — have never been more visible than they have in the last three months, as people stay home and scroll through Instagram, TikTok and YouTube for hours during the coronavirus pandemic. Influencers hold outsize power to speak to their hundreds of thousands of followers, and they often earn between $100 and more than $1,000 per post, depending on how big their following is.

                          The rise of influencers, who typically document huge swaths of their lives with videos and photos as they advertise products ranging from makeup to mattresses to meals, has fundamentally changed the way many younger consumers shop. The group includes well-known names like the Kardashians and more niche accounts focused on organization, wellness or fashion. But just one well-placed post by an influencer with tens of thousands or even millions of followers can make or break a product — and even sell it out in seconds.

                          But as with many career fields, the global pandemic — and the subsequent protests that have swept the nation to support the Black Lives Matter movement — has fundamentally changed the way these influencers do their jobs. Authenticity is now a make-or-break quality for millions of followers, as well as brands seeking a way to connect with consumers in an uncertain time. Influencers are carefully trying to navigate political activism, appearing in touch during an economic meltdown and partnering with the right brands, all while continuing to earn a living.

                          By Rachel Lerman

                          June 12, 2020 at 7:49 AM EDT

                          As she watched the coronavirus close schools, businesses and borders, Gaëlle Ledan sometimes became so overwhelmed that she lost her appetite. But the 36-year-old asylum seeker, a physician in her native Haiti, said she never thought about quitting her job as a nursing assistant at the seniors’ home in Montreal where she has worked for two years.

                          “I thought, ‘You have to give your best and make people’s lives better,’ ” Ledan said. “I was there for better or for worse.”

                          Ledan is one of at least several hundred asylum seekers risking their lives, and in some cases dying, for as little as $10 an hour in the trenches of Canada’s coronavirus fight, working the “essential” jobs that few Canadians want, even as their own futures in the country remain uncertain. Now, under pressure from advocacy groups and some lawmakers, Prime Minister Justin Trudeau is considering ways to recognize their contributions, including regularizing their legal status.

                          By Amanda Coletta

                          June 12, 2020 at 7:10 AM EDT

                          Some Senate Finance Committee members are studying a proposal that would allow corporations to claim a bevy of federal tax credits in 2020 that they would otherwise be ineligible to receive until future years, according to four people with knowledge of internal deliberations.

                          Powerful members of Washington’s business lobby, including the National Association of Manufacturers and the U.S. Chamber of Commerce, are asking lawmakers to include the tax change in the next congressional legislation being taken up to combat the novel coronavirus, these people said.

                          Under current law, corporations are generally not allowed to claim federal tax credits if the credits exceed their overall tax liability, meaning they cannot receive more from the government than they pay in. If corporations cannot claim their federal tax credits, they can roll them into future years. The current proposal being discussed by several Republicans on the Senate Finance Committee would void that limit, allowing businesses to “cash out” on all their credits this year. The people spoke on the condition of anonymity to frankly discuss internal deliberations.

                          By Jeff Stein

                          June 12, 2020 at 6:45 AM EDT

                          ROME — Italian prosecutors arrived for the questioning of the country’s prime minister, Giuseppe Conte, on Friday as part of an inquiry into how the coronavirus was able to cut such a devastating path through the northern province of Bergamo.

                          Prosecutors were also expected to question the interior and health ministers, according to the Associated Press.

                          Scrutiny of the government’s decision-making in the early stages of the pandemic is part of a broader debate in Italy about whether political errors magnified the scale of the disaster and who deserves blame.

                          Conte’s approval ratings had initially surged in response to the crisis. Even though they have slightly declined in recent weeks, according to polls by the Ixè Institute, he remains ahead of his competitors nationally.

                          In the north of the country — where Bergamo is located — Conte has been heavily criticized by regional leaders aligned with the far-right League party, however.

                          On Wednesday, Conte emphasized that he is being called by prosecutors only as a witness and said he is “not worried at all.”

                          According to Italian media reports, part of the inquiry now underway focuses on the question of why two hot spots in Bergamo — the towns of Nembro and Alzano — were not sealed off in the weeks before Conte announced a regional and then nationwide lockdown.

                          As the virus emerged in Italy, the government initially locked down 11 small towns, but they were all in other provinces, and it was clear almost immediately that the majority of coronavirus cases appeared to be outside those towns. With prevention measures delayed, the virus surged in Bergamo. The area suffered a higher spike in deaths than any other area of Europe.

                          Noack reported from Berlin.

                          By Chico Harlan and Rick Noack

                          June 12, 2020 at 6:10 AM EDT

                          Most parts of Australia have entirely eliminated the coronavirus, officials said Friday, as they announced that concert crowds, fans in stadiums and even students from abroad can all return next month.

                          Brendan Murphy, the country’s top medical officer, said fewer than 40 infections have been recorded over the past week. More than half of those cases were in travelers who recently returned home from overseas or who had already been isolating themselves.

                          “We have effectively achieved elimination at this time in many parts of the country,” Murphy said at a news conference, according to Reuters.

                          Last month, Prime Minister Scott Morrison announced a three-step plan to lift most restrictions by July. But as case numbers dropped faster than expected, officials decided to lift the cap on all but the largest gatherings.

                          In July, as many as 10,000 people will be allowed in seated stadiums at once, although — like restaurants and other sites — the venues must limit occupancy to one person for every four square meters (43 square feet).

                          Officials are also finalizing plans that would allow foreign students to fly in for classes, although only after undergoing a quarantine, he said. Australian universities, which rely heavily on international students, have faced mounting financial losses during the pandemic.

                          Despite the low case count, Australia’s states and territories have remained reluctant to allow domestic travel, Reuters reported. Morrison has urged them to reopen internal borders, threatening to delay the arrival of foreign students if they do not move ahead soon.

                          “If someone can’t come to your state from Sydney, then someone can’t come to your state from Singapore,” he said.

                          Morrison also warned that large Black Lives Matter rallies, including some last weekend that drew tens of thousands of people, could complicate the path to reopen.

                          By Teo Armus

                          June 12, 2020 at 6:06 AM EDT

                          The idea struck Molly Smith, Arena Stage’s artistic director, on a morning of the pandemic when she was reading the newspaper and reflecting on what a theater company might make when it can’t make theater:

                          Capture the moment, in the manner of a news crew.

                          “Newspapers do really well with thumbnail sketches, and I thought, ‘Why aren’t we doing this?’ ” she recalled. “What if we interviewed 10 diverse people in one day, with really good writers. A real snapshot in time. A love letter to this area. Something to say: ‘This happened here.’ ” And so, a renowned theater company has taken a novel turn — into moviemaking.

                          By Peter Marks

                          June 12, 2020 at 5:44 AM EDT

                          After instances of confusing and often conflicting guidance, Education Secretary Betsy DeVos issued a regulation Thursday that officially bars millions of college students from pandemic relief grants.

                          The interim final rule, which is effective immediately, doubles down on previous guidelines from the Education Department narrowing student eligibility for more than $6 billion in emergency grant aid set aside for college students in the stimulus package. It asserts that only those who can participate in federal student aid programs can receive money, shutting out undocumented and international students, as well as those with defaulted student loans or minor drug convictions.

                          By Danielle Douglas-Gabriel

                          June 12, 2020 at 5:19 AM EDT

                          Rio de Janeiro’s Copacabana Beach is famous for its festivities, from volleyball matches at the 2016 Olympics to one of the largest New Year’s Eve celebrations in the world.

                          But on Thursday, it became a site of protest, dotted with 100 mock graves and black crosses in the sand, in tribute to the more than 40,000 Brazilians who have died of covid-19.

                          Demonstrators with the human rights group Rio de Paz dug the graves overnight, across from the ritzy Copacabana Hotel, as a way to critique their government’s lackadaisical response to the virus.

                          With more than 800,000 confirmed infections, Brazil has become one of the pandemic’s most volatile hot spots. Only the United States has reported more cases.

                          President Jair Bolsonaro has been widely criticized for dismissing the severity of the pandemic, urging the country to reopen and pushing out two consecutive health ministers. Last week, his government for several days stopped releasing key data on fatalities and cases.

                          “The president has not realized that this is one of the most dramatic crises in Brazil’s history,” Antonio Carlos Costa, who helped organize the protest, told Reuters.

                          As families mourn thousands of deaths, and others suffer from unemployment and hunger, Bolsonaro has failed to show solidarity with the nation’s suffering, Costa said.

                          After one angry passerby on the beach pulled out the crosses Thursday, one man went around and put them back up, one by one. He had lost his 25-year-old son to the virus, he told Reuters.

                          By Teo Armus

                          June 12, 2020 at 5:06 AM EDT

                          The White House is contemplating a theory that legal cross-border travel from Mexico may be causing a recent rise in coronavirus infections, the Associated Press reported, instead of newly loosened restrictions on businesses and public life.

                          The idea came up during a meeting Thursday of the federal administration’s coronavirus task force, which has been working to identify similarities among new hot spots in the United States, according to the news agency.

                          The United States’ recent rise in coronavirus cases appears to be hitting the Southwest especially hard. Hospitals are nearing capacity in Arizona, and more patients are being hospitalized in Texas. But in states far from the border region, such as North Carolina, Hispanic populations have experienced a worrying uptick in infections, too.

                          As the pandemic rages in parts of Mexico, the task force is examining whether those outbreaks may be spreading through legal travel, the AP reported. President Trump has regularly scapegoated the United States’ southern neighbor.

                          While nonessential travel across the border remains prohibited and traffic is down substantially, commercial transport and agricultural workers are still allowed entry to the United States. Small community hospitals in Southern California have been flooded with Americans who live along the border and cross it regularly during normal conditions, The Washington Post’s Kevin Sieff has reported.

                          With outbreaks spreading in northern Mexican cities such as Tijuana, the Trump administration has been urging Mexican officials to reopen — or keep open — many of the assembly plants there that feed into U.S. manufacturing supply chains, even as workers fall ill.

                          More than 133,000 infections have been confirmed in Mexico, and nearly 16,000 people have died. Those figures are a fraction of the totals in the United States, but they nonetheless amount to the fourth-largest coronavirus outbreak in Latin America.

                          The Centers for Disease Control and Prevention is sending teams to U.S. hot spots to conduct further research, the AP reported.

                          By Teo Armus

                          June 12, 2020 at 4:41 AM EDT

                          LONDON — Britain’s economy shrank by 20.4 percent in April, its largest monthly fall on record, amid the global health crisis and lockdown restrictions that the government imposed March 23 to prevent the spread of the coronavirus.

                          After the United States, Britain has the second-highest covid-19 death toll, with at least 41,364 fatalities. With stay-at-home measures in place, millions of workers were furloughed as businesses ground to a halt.

                          The economy had “experienced a significant shock,” the Office for National Statistics (ONS) said Friday, adding that almost all sectors had suffered a catastrophic hit from the pandemic.

                          April’s decline in economic output was three times as great as that experienced during the 2008-2009 downturn, the ONS said, when output contracted by 6.9 percent over a 13-month period. It also followed a contraction of 5.8 percent in March compared with February, an outcome that accounted for just one week of the lockdown period.

                          There were “very few bright spots” in the most recent report, ONS statistician Jonathan Athow said, although he noted that the pharmaceutical industry grew partly because of increased demand for drugs to combat covid-19.

                          Britain’s central bank last month warned that output could plunge 25 percent in the second quarter and 14 percent this year, in what would be the steepest downturn in more than 300 years.

                          Still, with the country beginning to reopen, analysts are hopeful that May’s figures will reflect an improvement as the nation begins a long road to recovery.

                          By Jennifer Hassan

                          June 12, 2020 at 4:24 AM EDT

                          In northern Cambodia, giant ibis, white-winged ducks and other rare species have helped ecotourism take flight in recent years. Just two decades after their near-extinction, the population of giant ibis has grown to about 300 birds, bringing thousands of visitors to remote areas of the country. This tourism has provided an important economic catalyst, generating critical revenue for rural communities and conservation initiatives.

                          But now, in Cambodia and other wild places around the world, ecotourism is in the crosshairs of a new threat — covid-19, the disease caused by the novel coronavirus. The consequences for both wildlife and people are still unfolding and expected to be far-reaching.

                          By Hugh Biggar

                          June 12, 2020 at 4:05 AM EDT

                          The governor of Michigan attended a street protest even though it appeared to violate her own order demanding social distancing. So did Pennsylvania’s governor. Washington’s mayor for weeks had a Twitter handle that told people to “stay home” — while sharing video of protesters massing near the White House on a street emblazoned with a mural she commissioned.

                          Months after the coronavirus forced Americans into their homes, protests over the killing of George Floyd in Minneapolis police custody drove hundreds of thousands of people back to the streets. Demonstrators, elected officials and public health experts said the risk of being exposed to the virus is acceptable because the protests speak to the enduring effects of racism that lie at the root of Floyd’s death and the disproportionate toll the pandemic has exacted on African Americans.

                          By Rachel Weiner

                          June 12, 2020 at 3:34 AM EDT

                          Before testing confirmed a sudden surge of covid-19 cases in Utah’s rural Cache County, scientists noticed that traces of the coronavirus were showing up in sewage in significantly larger concentrations.

                          Those findings, which presaged an outbreak at a beef processing plant where at least 287 workers have tested positive for the coronavirus so far, indicate that monitoring wastewater can help alert public health officials to rising infection rates, the Utah Division of Water Quality said Thursday.

                          Along with a number of other scientists worldwide, Utah researchers have been studying whether sewage can provide early warnings about outbreaks. Because many people who contract the coronavirus don’t display symptoms and may not get tested, the researchers hope that wastewater can provide a more accurate picture of a community’s overall infection rate than the official case count.

                          The pilot study launched by Utah’s top three research universities in April sampled water from 10 treatment plans across the state and found elevated levels of the virus in urban areas and tourist destinations. In late May, the concentration of the coronavirus in two wastewater plants in Cache County increased dramatically. The number of cases reported in that area spiked about a week later, when officials confirmed that close to 300 workers at the meatpacking plant had contracted the virus, according to the Salt Lake Tribune.

                          “The initial results show that we can not only detect the virus in sewage but we can see trends that are broadly consistent with known infection rates in Utah’s communities,” Erica Gaddis, director of the Utah Division of Water Quality, said in a statement. “We hope that monitoring the sewage can help in prioritizing limited state resources such as mobile testing.”

                          The scientists plan to expand the scope of their study in light of the encouraging early results.

                          By Antonia Farzan

                          June 12, 2020 at 3:00 AM EDT

                          Puerto Rico will lift nearly all of its coronavirus restrictions next week, allowing beaches, churches and movie theaters to reopen even after a jump in infections earlier this month.

                          Starting Monday, businesses in the U.S. territory will be permitted to operate seven days a week and restaurants can be filled to 50 percent capacity, Gov. Wanda Vázquez Garced (PNP) said Thursday. A tweaked version of the island’s nightly curfew will continue for another two weeks, and masks will be required in public.

                          “These have been hard decisions,” she said at a news conference, according to the Associated Press. “Now it’s up to each one of us … to decide where to go and how to go about it.”

                          Vázquez Garced’s announcement was celebrated by Puerto Rico’s business leaders, who pointed out that the island’s already battered economy lost an estimated $5 billion to $10 billion as the coronavirus shuttered many businesses for three months.

                          But the reopening has also worried health experts, the AP reported, who say the island has not tested enough people and has conducted the wrong kinds of test. The territory has seen more than 1,400 confirmed cases and nearly 4,000 probable cases, including at least 144 deaths, according to data tracked by The Washington Post.

                          This week, health officials said the island had reached its peak two months ago and urged people to maintain social distancing, noting that restrictions could return if cases go up again.

                          But data shows that may already be happening. Since the start of June, Puerto Rico has repeatedly recorded its highest-ever seven-day average of new coronavirus cases, data shows.

                          Separately on Thursday, a judge ordered the island’s education officials to open all public school cafeterias. Many of the cafeterias, which serve free meals to a mostly poor population of 292,000 students, had been closed for the past two months.

                          By Teo Armus

                          June 12, 2020 at 2:02 AM EDT

                          Two Missouri hairstylists serviced 140 clients while sick with the coronavirus — but nearly a month later, no new covid-19 cases have been linked to the salon. That’s probably because the stylists were wearing masks, health officials said this week.

                          In late May, the Springfield-Greene County Health Department warned that people who got haircuts at a Great Clips in Springfield, Mo., after restrictions were lifted could have been exposed to covid-19. Two stylists had worked at the salon while symptomatic, potentially introducing the virus to 140 of their clients and six of their co-workers.

                          The discovery prompted Great Clips to temporarily close its franchises in the area, saying that its employees had experienced “repeated threats” and harassment after the news became public. Meanwhile, all customers and employees who were potentially exposed to the virus were given the opportunity to be tested, county health officials said.

                          While only 46 agreed to be tested, all the results came back negative, the health department said on Monday. Those who declined testing were quarantined for 14 days, with health officials calling twice a day to check if they developed symptoms. None did.

                          “This is exciting news about the value of masking to prevent covid-19,” Springfield-Greene County Director of Health Clay Goddard said in a statement. “We are studying more closely the details of these exposures, including what types of face coverings were worn and what other precautions were taken to lead to this encouraging result. We never want an exposure like this to happen, but this situation will greatly expand our understanding of how this novel coronavirus spreads.”

                          In addition to requiring clients and stylists to wear face coverings, the salon had also staggered appointment times and spaced out salon chairs to allow for social distancing. Those precautions probably helped too, Goddard said.

                          By Antonia Farzan

                          June 12, 2020 at 1:13 AM EDT

                          Luis Abinader, who is narrowly favored to become the Dominican Republic’s next president, said Wednesday that he and his wife have tested positive for the coronavirus — less than a month before the elections.

                          “Be calm because with God’s grace we will recover quickly,” Abinader said in a video on social media.

                          Although the Caribbean nation has been badly hit by the global pandemic, with 1 out of every 500 people infected and a state of emergency still in place, presidential and legislative elections are still scheduled to go ahead on July 5.

                          As a tourist hub, the Dominican Republic saw the virus spread rapidly compared with other countries in the region. More than 560 fatalities have been reported, according to a Johns Hopkins University tally.

                          The coronavirus outbreak had already postponed elections from their original date in May. More than 7 million people are expected to cast their ballots, according to Reuters.

                          Abinader, the 52-year-old founder and head of the opposition Modern Revolutionary Party, said he and his wife were isolating at home. He is not a high-risk patient and doctors expect him to recover quickly, they said.

                          Reuters reported that Abinader is leading in polls with 39 percent of the vote, ahead of Gonzalo Castillo, the ruling party’s candidate, by about two points. If neither candidate obtains an absolute majority, they will face a runoff later in July.

                          President Danilo Medina wished Abinader a speedy recovery on Twitter, writing, “You have all our support and solidarity.”

                          By Teo Armus

                          June 12, 2020 at 12:46 AM EDT

                          Daisy Doronila was the youngest of five sisters born in Manila. She came from humble beginnings, said her daughter, Denise Rendor. Nursing was a way to rise above her circumstances. She ended up loving it.

                          Doronila worked as a nurse in Abu Dhabi, United Arab Emirates, for a few years before coming to the United States, where she had always dreamed of living. Her first jobs were in California, at a medical center serving mostly the poor in South Los Angeles and at a juvenile detention facility. When she accepted a job 20 years ago at the Hudson County Correctional Center in New Jersey, many of her friends were puzzled. A veteran nurse, she had many other offers to work in less intense settings, but Rendor said her mom felt moved to work at the correctional facility.

                          “She wanted to take care of vulnerable people. She felt like someone needed to be there,” Rendor said.

                          By Ariana Eunjung Cha and Brittany Shammas

                          June 12, 2020 at 12:12 AM EDT

                          Dating before the coronavirus pandemic, two people on a first encounter might discuss where they see their future going or whether they are seeing other people. Dating during the outbreak has demanded a different dealbreaker: What are their social distancing practices?

                          Governments, which often already champion monogamy through tax structures and other policies, are similarly concerned about promoting the integrity of couples because of a shared interest: containing the spread of the virus.

                          Behold the “support bubble,” as the British prime minister has dubbed it, the world’s latest dating fad — or so some public health experts hope.

                          By Miriam Berger and Jennifer Hassan

                          June 12, 2020 at 12:12 AM EDT

                          The sign-up page for tickets to President Trump’s campaign rally in Tulsa next week includes something that hasn’t appeared ahead of previous rallies: a disclaimer noting that attendees “voluntarily assume all risks related to exposure to COVID-19” and agree not to hold the campaign or venue liable should they get sick.

                          Trump’s reelection campaign announced Thursday that the president’s next “Make America Great Again” rally will be held June 19 at the BOK Center.

                          By Felicia Sonmez

                          June 12, 2020 at 12:11 AM EDT

                          Oregon will temporarily stop its counties from loosening coronavirus restrictions, Gov. Kate Brown (D) said late Thursday, amid a concerning increase in infections across the state.

                          For the next seven days, all counties will remain at their current phase of reopening. Multnomah County, which includes the city of Portland and has not yet reopened, will continue at the strictest stage of closures and stay-at-home orders.

                          “Think of it as a statewide ‘yellow light,’” Brown wrote on Twitter. “This one-week pause will give public health experts time to assess what factors are driving the spread of the virus.”

                          According to data tracked by The Washington Post, Oregon on Thursday hit a record high for its rolling average of new cases reported over a seven-day period. State officials also posted the highest number of infections in a single day since the start of the pandemic.

                          By Teo Armus


                          Author: Teo Armus

                          China’s Power Giants Prepare for World’s Biggest Carbon Market

                          China’s Power Giants Prepare for World’s Biggest Carbon Market

                          Industry in Ningbo as China 1Q GDP Drops 6.8%

                          Photographer: Qilai Shen/Bloomberg

                          Photographer: Qilai Shen/Bloomberg

                          China’s state-owned power giants have been asked to prepare reports on historical emissions that officials will use to set up the world’s largest carbon market, according to people familiar with the request.

                          The China Electricity Council has asked firms for submissions by July, said the people, who asked not to be identified because the information isn’t public. The council will use the data to help determine the number of carbon allowances power generators can vie for when the market launches.

                          China’s carbon market targets one of the world’s most polluting sectors

                          Source: International Energy Agency

                          NOTE: Tons of carbon dioxide emitted from fuel combustion in 2017

                          The Ministry of Ecology and Environment, which will oversee the market, published a draft allocation plan last year after consulting with the council. It has since decided that the data wasn’t accurate and has asked for it to be redone with direct input from the utilities, according to the people. Officials at the ministry and at the council, an industry group representing power generators, didn’t return calls seeking comment.

                          China’s biggest power generators include China Energy Investment Corp., China Huaneng Group, State Power Investment Corp. and China Datang Corp. A CEIC spokesperson declined to comment. Emails sent to officials at the other companies were not immediately returned.

                          China is aiming to set up a national carbon market this year to cover the power sector, which accounts for half of the fossil fuel-derived emissions in the country and 14% of the entire world’s. The exchange in Shanghai that will host the market recently completed testing on the electronic platform that will trade the emissions.

                          The world’s top energy consumer is tapping financial market mechanisms to help cut greenhouse gases, a move expected to create the world’s biggest forum for trading carbon emissions. The program will force utilities to buy permits to pollute, and so help counter the impact of rising electricity usage on efforts to contain global warming.

                          The emissions allowances will be key to the market’s success — and a likely source of contention. The government will essentially give power generators permits to spew-out a certain volume of greenhouse gases, and then the companies will be free to buy or sell them on the open market.

                          If the initial allowance is too high, then the permits will be cheap to obtain and will offer little incentive to generators to reduce emissions. Too low, and the cost of the permits will be a financial drag on the utilities, just when China needs cheap power to help buttress growth as it recovers from the coronavirus.

                          Analysts have speculated that the market’s launch could in any case be delayed by disruptions related to the pandemic. The council’s request coming so late in the year doesn’t bode well for getting the market up and running in time to affect 2020 emissions, according to the people.

                          — With assistance by Dan Murtaugh, and Qian Chen


                          Author: Bloomberg News

                          Stock market live updates: Dow futures bounce 500, reopen trades back on, United up 11%

                          Stock market live updates: Dow futures bounce 500, reopen trades back on, United up 11%

                          This is a live blog. Please check back for updates:

                          • Goldman Sachs downgraded Tesla to neutral from buy.
                          • Morgan Stanley downgraded Tesla to underweight from equal weight.
                          • Goldman Sachs upgraded General Motors to buy from hold.
                          • BMO downgraded Caterpillar to market perform from outperform.
                          • Credit Suisse upgraded Southwest Airlines to outperform from neutral.
                          • Credit Suisse downgraded United Airlines to neutral from outperform.
                          • MKM upgraded Take-Two to buy from neutral.
                          • Guggenheim initiated WW as buy.
                          • SunTrust upgraded Dave & Buster’s to buy from hold.

                          Shares of Tesla have surged more than 100% this year, and Wall Street firms think Elon Musk’s automaker may have gotten ahead of itself. Morgan Stanley and Goldman Sachs both downgraded the stock on Friday, citing a stretched valuation, among other factors.  

                          The companies that would benefit most from a total reopening of the U.S. rallied the most in the premarket session Friday morning as the so-called reopening trade returned on the week’s final day of trading. American and United Airlines rose 9.6% and 9.7%, respectively, while cruise operators Carnival Corp. and Norwegian gained 11.2% and 10.6%. Retailers Gap and Kohl’s advanced 5.6% and 7.2%; Simon Property Group, one of the largest owners of mall space in the U.S., added 5.8%. — Franck

                          While the growth trend in coronavirus cases nationally has abated, several states are seeing spikes and are raising concerns of a second wave of the disease. One of the states seeing the largest increases in cases is Arizona, which saw 1,412 new cases on Thursday as the state hospital system faces increasing strains to deal with the increased caseload. In addition to a 4.7% gain in cases, hospitalization rose 1.6% and has surged 80% since Memorial Day, according to the Covid Tracking project. Area hospitals report being at 84% capacity for inpatient beds and 78% for intensive care. State officials, though, are reluctant to impose new stay-at-home measures. Arizona Gov. Doug Ducey said the state still has 2,600 hospital beds and 600 ICU beds for surge cases. — Cox

                          Rental car company Hertz has asked a bankruptcy judge to allow a secondary stock sale, according to the Wall Street Journal. The plan would allow Hertz to sell just under 250 million additional shares. The stock, which had a market cap of roughly $293 million as of Thursday’s close, has jumped 50% in premarket trading. The stock has been extremely volatile in recent days and is a favorite of retail traders. — Pound

                          Though Wall Street appeared set on Friday to recover some of its losses from earlier in the week, all three major indexes remained on track to clinch sizable slumps for the week. The S&P 500, Dow Jones and Nasdaq Composite have slid 6%, 7.3% and 3.2%, respectively, since Monday through Thursday’s close. The vast majority of those losses were incurred on Thursday as rising numbers of Covid-19 cases in the U.S. and profit-taking sent the Dow down more than 1,800 points (or 6.9%) for its worst day since March. The S&P 500 fared little better on Thursday with a drop of 5.89%. — Franck 

                          Wall Street’s fear gauge — the Cboe Volatility Index — dipped 8.5% in morning trading to  37.31 as stocks tried to rebound from a brutal sell-off in the previous session. The VIX jumped nearly 50% Thursday to close at 40.79, marking the first time the gauge has crossed the 40 threshold since May 4. The gauge tracks the 30-day implied volatility of the S&P 500 futures via options prices. — Li

                          Dow Jones Industrial Average futures rallied more than 500 points Friday morning as investors sought to curb some of the steepest losses since March suffered in the prior session. The pop Friday morning put the Dow on track to gain 2.3% at the opening bell, the S&P 500 set to add 2.2% and the Nasdaq-100 to advance 1.9% on the week’s final day of trading. The so-called reopening stocks led the way higher in the premarket, with Carnival Corp., United Airlines, Kohl’s and Gap all outperforming. — Franck

                          — CNBC’s Jeff Cox, Michael Bloom and Pippa Stevens contributed reporting.

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                          Author: Thomas Franck,Yun Li,Jesse Pound

                          Copper Pipes & Tubes Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2027

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