Data: The COVID Tracking Project; Note: The U.S. daily count had an anomalous spike on June 25 due to New Jersey recording a large number of probable deaths; Chart: Andrew Witherspoon/Axios

Coronavirus deaths are ticking up in the new hotspots of Florida, Texas and Arizona, even as they continue to trend down nationally.

Why it matters: As infections soar, deaths will inevitably follow. And infections are soaring.

Driving the news: Arizona reported a record 117 deaths yesterday, and hospitalizations are skyrocketing there and in other hotspots.

  • Texas reported a record 60 new deaths and 10,000 new cases. Florida reported 63 new deaths.
  • “It’s a false narrative to take comfort in a lower rate of death,” infectious disease expert Anthony Fauci said yesterday.

The big picture: The U.S. mortality rate declined from around 7% in mid-April to around 2% by early July, and is now significantly lower than many other wealthy countries.

Between the lines: Experts offer several explanations for why the nationwide death trend may not be increasing as cases pile up.

  • We’re now testing much more prolifically, so we're catching more cases, overall.
  • Younger, healthier patients make up a larger share of infections than they did early on, and newly infected young people may not have spread the virus to more vulnerable people — at least not yet.
  • We’ve also learned more about how to treat the virus since March, making hospitalizations less likely to result in death. The number of deaths per hospitalized patient has fallen by almost 50% since the pandemic’s April peak, per a Bernstein analysis.

What they're saying: "When you start identifying people at earlier stages of a disease, it looks like they survive longer (or have the disease longer) compared to when you identify based on severe symptoms," tweeted Boston University School of Public Health professor Ellie Murray.

What we’re watching: The number of daily deaths could exceed April’s peak by late August, according to the Bernstein analysis.

Go deeper

Jun 17, 2020 - Health

Saving the elderly from coronavirus

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As the elderly, especially those in nursing homes, bear the brunt of deaths from COVID-19, new approaches and tools to keep them safe are emerging.

Why it matters: Seniors are much more susceptible to the novel coronavirus, and the conditions in many long-term care homes facilitate the spread of COVID-19. Independent of the current pandemic, America and much of the world is aging rapidly and is in need of technologies to care for them.

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The spillover of pathogens from animals to humans — driven mainly by human behaviors like urbanization and the demand to eat meat — is increasing and will continue wreaking havoc unless global action is taken.

Driving the news: The United Nations Environment Program issued a report this week outlining steps to prevent spillovers and encouraging governments to adopt a "One Health" approach to humans, animals and the environment.

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Having been conditioned for years by financial pundits to see the next recession as their opportunity to get rich after largely missing out on 11 years of a surging bull market, young people are viewing the coronavirus-driven stock market crash as their golden ticket.

What's happening: Thanks to zero fees, easy access afforded by the internet, and an unexpected glut of free time on their hands, millennials and Gen Zers are opening online brokerage accounts at a record pace.