Corona Report $170,000,000 Loss as a Result of Coronavirus | 22 Words

Mere months into the deadly coronavirus outbreak, tens of thousands of people have been infected and thousands have died as the deadly disease spreads across the globe at an alarming rate.

And now, it seems Corona beer has suffered a catastrophic financial loss as a result of the outbreak.

Keep scrolling for the full story...

We are currently in the midst of a medical crisis.

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Originating from the Chinese city of Wuhan, a deadly virus known as the coronavirus has been rapidly spreading across the globe.

But what exactly is the coronavirus?

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Reuters gave a short guide to what it is exactly... "Coronaviruses are a family of viruses that get their name from what they look like under a microscope - they are spherical and their surfaces are covered with "crown"-like spikes."

So far, the symptoms have proven to be deadly.

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"Coronavirus infections have a wide range of symptoms, including fever, coughing, shortness of breath and breathing difficulties. Severe cases can cause pneumonia, severe acute respiratory syndrome, kidney failure, and death."

A lot of people have now died from the virus...

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It has been confirmed by Worldometer that 2,769 people have now died globally, with the majority being in mainland China. A further 81,229 have been found to carry the virus and be infected.

Things are only getting worse...

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The virus continues to spread rapidly, and traces of the disease have already been discovered and confirmed in 8 other countries including here in America, the U.K, Thailand, South Korea, Taiwan, Saudi Arabia, and Japan.

The United Nations have declared a global emergency.

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The World Health Organization declared the emergency last month and called on all countries to take urgent measures to contain the respiratory disease.

The virus can be spread quickly and easily...

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And the World Health Organization has warned that it can be spread by simply coughing, kissing or making contact with saliva.

Scientists have been working tirelessly in a bid to find a vaccine...

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But despite generous donations made to the cause, they have so far had no luck.

People all around the world are panicking.

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It's a dire situation.

And it's safe to say that researchers are now getting desperate...

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Because there is now an immense amount of pressure on authorities to find a cure, and fast.

Because the virus continues to spread across the globe like wildfire...

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And it's showing no signs of slowing down.

As stated earlier, the coronavirus has infected numerous different countries now...

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Including the United States.

The number of cases here in America is rising...

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And, so far, fifty-seven people have been confirmed to have been infected with the virus.

And the disease is only expected to continue spreading...

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The Centers for Disease Control and Prevention said on Tuesday that it expects the coronavirus to spread in the United States and has asked Americans to prepare for when the virus hits, not if, CNN reported.

Preparations are underway...

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And hospitals across the country are bracing themselves for an influx of infected patients.

But, for San Francisco, conditions have been deemed as too dire...

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And they have become the first U.S. city to declare an official state of emergency... Despite not having any confirmed cases of the virus.

San Francisco mayor, London Breed, declared the local emergency on Tuesday.

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“Although there are still zero confirmed cases in San Francisco residents, the global picture is changing rapidly, and we need to step-up preparedness," she said in a statement.

She has called the emergency in a bid to prevent any cases of the virus in her city.

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She explained: “We see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm."

Yet, despite this worrying development...

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President Trump still seems to think that we have everything under control.

The President took to Twitter to applaud the work he and his administration have been doing regarding the virus outbreak...

He wrote: "CDC and my Administration are doing a GREAT job of handling Coronavirus, including the very early closing of our borders to certain areas of the world."

President Trump remains confident in his handling of the coronavirus outbreak...

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And has reminded people that, under his rule, there's yet to be any fatalities, writing: "So far, by the way, we have not had one death. Let’s keep it that way!"

But it seems the outbreak has had unfortunate consequences for the makers of Corona beer.

When the virus first started to spread, many people wrongfully thought it was related to Corona beer. In fact, Google searches for "Corona Beer Virus" skyrocketed last month.

Just to clarify...

The coronavirus and Corona beer are not related… at all. The only thing they unfortunately share is their name, which is completely irrelevant.

But brewer Anheuser-Busch InBev, who make the popular beer, has seen a huge loss nevertheless.

According to Metro, the company has forecast a 10% loss for the first quarter of 2020.

As you'd have probably expected, the majority of lost sales have come from China.

And the decrease in sales took place during the first 2 months of the year. "The outbreak has led to a significant decline in demand in China in both on-premise and in-home channels. Additionally, demand during the Chinese New Year was lower than in previous years as it coincided with the beginning of this outbreak," the Belgium-based company said.

But that's not all...

The company has reported a $169,927,560 loss as a result of the medical epidemic.

It's an unfortunate twist of fate.

And as the outbreak continues, things continue to look bleak for the beer company.