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Coronavirus live updates: Trade advisor Navarro says White House is ‘moving at…

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Coronavirus live updates: Trade advisor Navarro says White House is 'moving at...

This is a live blog. Check again for updates.

All times below are Beijing time.

12:55 pm: China bans insurers from offering virus-specific products

The vice president of China's banking and insurance regulator Liang Tao said on Saturday at a news conference that there are already more than 400 insurance products that can cover risks related to the new coronavirus pneumonia.

"Due to the lack of price data and protection against the violation of consumer rights, the China Banking and Insurance Regulatory Commission prohibits companies from issuing these sole liability products," said Liang, according to a CNBC translation in your mandarin. comments.

12:30: 25,633 medical workers sent to Hubei so far

A total of 217 medical teams, composed of 25,633 health professionals, were dispatched to the virus-affected province of Hubei on February 14, according to People & # 39; s Daily, citing the National Health Commission of China. Most of them are in Wuhan.

On Friday, China said 1,716 health workers in the country were infected with the COVID-19 virus.

11:15: Trump commercial consultant Navarro says drug production could start as soon as this month

White House commercial consultant Peter Navarro told Fox Business Network on Friday night In the east of the country, testing and production of a coronavirus drug could begin in late February.

He said on the show that the White House is "moving at the moment of Trump" with a drug for treatment and it is hoped that testing and production can begin "as early as the end of the month, in mid-March."

Navarro told Fox Business Network that a vaccine may be "hopefully next November", adding that five major American companies are working to prepare 150 million doses of a vaccine.

10:40: USA evacuating citizens aboard Japan's quarantined cruise ship

The United States is evacuating its citizens and their families who have been on board Japan's Diamond Princess ship that has been in quarantine for almost two weeks, according to the Wall Street Journal, which quoted an official from the US Centers for Disease Control and Prevention. .

There will be two evacuation flights from Japan for about 380 people, the report said.

At least 218 passengers on the Diamond Princess have been confirmed to be infected.

10:25: Support for companies to fight outbreaks in China

As of midday on Friday, banks and financial institutions had provided more than 537 billion yuan ($ 76.9 billion) in credit to fight the virus, said Liang Tao, deputy head of the Banking and Insurance Regulatory Commission from China, on Saturday morning, at a press conference in Beijing.

9:30 am: China's Foreign Minister hits & # 39; overreaction & # 39; global virus

China's state adviser and foreign minister Wang Yi said that China's efforts to control the epidemic have been far-reaching and "under control" while affecting other countries' "overreaction", according to a Reuters report.

In an interview with Reuters in Berlin, he said: "The global epidemic is under control".

"We have made complete prevention and control efforts, efforts so comprehensive that I don't see any other country that can do this," said Wang, adding that they would find it very difficult, according to Reuters. "But China has managed to do that."

The United States should not take unnecessary measures that will affect tourism and trade, he said, according to Reuters.

The USA was among several countries that restricted travel to Chinese citizens or travelers who were in mainland China.

8:50: IBM withdraws from RSA conference in San Francisco

IBM says it is no longer attending a major conference – the RSA cybersecurity conference – in San Francisco in February, due to virus fears, it said in a tweet.

The conference is scheduled for February 24 and 28. Previously, Facebook announced that it had canceled its global marketing summit scheduled for next month in San Francisco as well, for the same reason, according to a Reuters report.

Another major event, the Mobile World Congress (MWC), the world's largest fair for the mobile phone industry, was canceled this week because of those fears. That decision was made after many companies left the conference, such as LG, Sony, Ericsson, Nokia, Nvidia, Intel and Amazon.

8:05: China confirms 143 more deaths, 2,641 new cases

The National Health Commission of China recorded 143 additional deaths across the country, in addition to 2,641 new confirmed cases as of February 14.

That count includes Hubei, the epicenter of the outbreak, where 2,420 new cases were reported and 139 more deaths.

This brings the total number of confirmed cases in the country to 66,492 and the total number of deaths in 1,523, the official said.

All times below are in Eastern time.

15:03: US health officials examine patients with flu-like symptoms for coronavirus

US health officials will monitor people with flu-like symptoms for coronavirus in five cities, the Center for Disease Control and Prevention said Friday. The five laboratories are in Los Angeles, San Francisco, Seattle, Chicago and New York, but the agency hopes to expand monitoring across the country. – Feuer

13:21: CDC concerned about report of infected health professionals in China

An official at the US Centers for Disease Control and Prevention said the notification by the National Health Commission of China about 1,716 health workers infected with the coronavirus was "worrying". Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases, told reporters during a news conference that there are currently no US health professionals infected with the virus. She also reiterated the possibility of spreading the community in the United States. – Lovelace

12:11: Chinese official will travel to Germany to discuss outbreak

11:55: WHO and China investigate virus-infected health workers

World health officials are working with Chinese authorities to determine when the country's 1,716 health workers were infected with the coronavirus COVID-19. Infections among doctors appear to have peaked in mid-January and "declined" rapidly since Dr. Mike Ryan, executive director of the World Health Organization's emergency program, told a news conference at the agency's headquarters in Geneva . "This may reflect increased levels of training, increased levels of protection and increased levels of awareness." – Lovelace

10:44: WHO reveals details of its mission in China

World Health Organization Director-General Tedros Adhanom Ghebreyesus said at a news conference that he expects the WHO mission in China to arrive at the weekend. The team will include 12 international and WHO experts, Tedros said, in addition to the same number of Chinese colleagues, although he has not identified individual members. He said that experts will visit three provinces to observe the response efforts on the ground, but did not say whether the mission would visit the epicenter of the outbreak, the city of Wuhan in Hubei province. "The purpose of the joint mission is to quickly inform the next steps in COVID-19 response and preparedness activities in China and worldwide," he said. —Feuer

Read US CNBC coverage overnight: China tries to get back to work while Beijing establishes a 14-day quarantine rule for arrivals.

10:14: Beijing officials issue quarantine order for returning residents

Beijing authorities, accused of responding to the virus, issued an order for all returnees to remain in quarantine at home for 14 days, Chinese state media The People & # 39; s Daily reported. Those who refuse to quarantine themselves or follow official virus containment rules will be punished according to the law, the newspaper said in a post on the Chinese social media website. Weibo. —Feuer

– CNBC's Berkeley Lovelace Jr. and William Feuer contributed to this report.

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