Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President Trump and Brazilian President Jair Bolsonaro. Photo: Chris Kleponis-Pool/Getty Images

The White House announced on Sunday that the U.S. has sent 2 million doses of the antimalarial drug hydroxychloroquine to Brazil and that 1,000 ventilators will soon be delivered as well as the South American country becomes the new epicenter of the coronavirus pandemic.

The big picture: The situation in Brazil, which has reported over 498,000 cases of COVID-19 and more than 28,000 deaths, is threatening to spiral out of control as far-right President Jair Bolsonaro faces mounting criticism for downplaying the severity of the virus.

  • Brazil reported a record 33,274 new cases on Saturday as its death toll surpassed France's, ranking fourth in the world behind the U.S., U.K. and Italy.
  • Trump last week suspended entry of non-U.S. citizens who have been in Brazil within the past 14 days.

Between the lines: Hydroxychloroquine has become a point of heated political debate in President Trump's response to the coronavirus outbreak, as he first touted the drug as a potential "game-changer" and said he was taking it himself as a preventative.

  • But a large study in The Lancet found an increased risk of heart problems and death among coronavirus patients who took hydroxychloroquine, prompting France to ban use of the drug and the World Health Organization to temporarily suspend a trial.
  • Anthony Fauci told CNN last week that the scientific data "is really quite evident now about the lack of efficacy" of hydroxychloroquine as a coronavirus treatment.

What they're saying: The White House said in a statement that the drug will "be used as a prophylactic to help defend Brazil's nurses, doctors, and healthcare professionals against the virus."

  • "It will also be used as a therapeutic to treat Brazilians who become infected," the statement adds.
  • "With [Trump] and President Jair Bolsonaro having spoken twice since March, the two countries are well-positioned to continue their work together to address the coronavirus pandemic, in addition to other matters of strategic importance."

Go deeper

Sep 8, 2020 - World

Spain sets coronavirus record as U.K. and France also see surges

A woman with her dog in Pamplona, Spain, during a protest Sunday against the Spanish government's actions during the pandemic. Photo: Elsa A Bravo/SOPA Images/LightRocket via Getty Images

The number of coronavirus cases in Spain on Monday surpassed 500,000, after the country confirmed some 26,000 new infections over the weekend — and the U.K. and France are also reporting surges.

Why it matters: Spain is the first country in Western Europe to surpass half a million COVID-19 cases. There is growing concern that Europe is experiencing a second wave of infections, with cases surging over the summer.

Caitlin Owens, author of Vitals
Sep 8, 2020 - Health

The college coronavirus meltdown

Illustration: Aïda Amer/Axios

Tens of thousands of college students across the country have gotten infected with the coronavirus, and thousands more are being sent home to potentially spread the virus to their families and communities.

Why it matters: These concentrated outbreaks — and any subsequent mishandling of them — could fuel larger outbreaks across the country as we head into a fall that's already expected to be extremely difficult.