IHS Markit said the service sector bore the brunt of the hit, with hotels, restaurants and travel-related firms faring the worst.
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“We must remain vigilant and disciplined,” German Chancellor Angela Merkel told reporters Monday.
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The timing of the announcement coincides with the FDA approving a test for the COVID-19 antibody that the body produces as a defense against the SARS-CoV-2 virus.
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