Conway: Trump's speech is "elegant"

The United Kingdom slumped into recession as its gross domestic product GDP shrank 20.4% compared with the first three months of the year, the Office of National Statistics (ONS) confirmed Wednesday.

Why it matters: Per an ONS statement, "It is clear that the U.K. is in the largest recession on record." The U.K. has faired worse than any other major European economy from coronavirus lockdowns, Bloomberg notes. And finance minister Rishi Sunak warns the situation is likely to worsen.

The United Kingdom slumped into recession on Wednesday, as its gross domestic product GDP shrank 20.4% compared with the first three months of the year.

By the numbers: Over 741,400 people have died of the novel coronavirus globally and more than 20.2 million have tested positive, per Johns Hopkins. Almost 12.6 million have recovered from the virus.

1. Global: Total confirmed cases as of 3 a.m. ET: 20,294,091 — Total deaths: 741,420— Total recoveries: 12,591,454 — Map.
2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,141,207 — Total deaths: 164,537 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
3. States: Georgia reports 137 coronavirus deaths, setting new daily record — Florida reports another daily record for deaths.
4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
5. Business: Moderna reveals it may not hold patent rights for vaccine.
6. Sports: Big Ten scraps fall football season.
7. World: Anthony Fauci "seriously" doubts Russia's coronavirus vaccine is safe