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Florida Overtakes

Florida overtakes New York to become state with the second-highest number of coronavirus cases | TheHill – The Hill

Florida has overtaken New York to become the state with the second-highest number of coronavirus cases in the country.

According to data compiled by Johns Hopkins University, Florida has had 414,511 confirmed cases since the pandemic started, while New York, which was once the epicenter of the outbreak, has had 411,200 cases.

Both states trail California, which has had more than 440,000 cases.

New York still has the most deaths of any state by far with more than 32,600. Florida has had nearly 5,800.

The news is particularly stark given how grave the COVID-19 outbreak had been in New York earlier this year, underscoring just how alarming Florida’s current spike in cases has become.

New York put in place stringent health restrictions earlier this year, issuing an early stay-at-home order and closing many businesses. Meanwhile, Florida reopened quickly after initially keeping the number of cases and deaths relatively low compared with other places. 

The Florida Department of Health on Saturday reported more than 12,000 new cases on Friday. The state’s surge in cases has largely been fueled by areas in South Florida, particularly Miami-Dade County.

Of all the people tested for COVID-19 in Florida on Friday, 11.43 percent received positive diagnoses.

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Overtakes Tesla

Tesla Overtakes Exxon’s Market Value in Symbolic Energy Shift – Yahoo Finance

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(Bloomberg) — Tesla Inc.’s market value has surpassed Exxon Mobil Corp.’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.

Elon Musk’s Tesla, now at $201 billion in market capitalization, is surging on the billionaire’s optimism that his company can avoid a second-quarter loss. Exxon, which dropped to $185 billion, is reeling from the worst crude-price crash in history. The largest oil company in the Western Hemisphere is preparing to cut some of its U.S. workforce.

Tesla also is on the verge of passing Toyota Motor Corp. to become the most valuable automaker in the world by market capitalization. The company topped Boeing Co. in March to become the most valuable industrial company in the U.S. and reached the No. 2 spot among car manufacturers in January by passing Volkswagen AG.

Exxon is the world’s second-biggest energy company after Saudi Aramco went public late last year. But even the status of Saudi Aramco as the world’s most-valuable company is in danger now after Apple Inc. reduced the valuation gap to $150 billion, down from about $750 billion at the time of the initial public offering of the Saudi state-controlled oil giant six months ago.

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