 Bloomberg -- Covid-19 cases in both Florida and Arizona, states where the outbreak has been exploding, rose by less than their seven-day average on Monday. New Jersey saw the rate at which the virus spreads between people jump to its highest level in 10 weeks.New Jerseys governor called the gain there an early warning sign. Meanwhile, the Miami-Dade mayor said he plans to re-close restaurants and gyms starting Wednesday. Elsewhere in the U.S., Harvard and Princeton universities announced plans to bring back portions of their undergraduates for the fall semester.Globally, the pace of new infections in Tokyo, Iran and elsewhere is raising concerns about a fresh virus wave. Indias epidemic grew to the third-biggest in the world, surpassing Russia. In Israel, bars and gyms have been closed, and capacity at restaurants and on buses have been limited.Key Developments:Global Tracker: Cases top 11.5 million; deaths exceed 535,000World economy that took elevator down faces steep stairs back upSupport for Trump is declining in areas where the virus is spreadingTrials and tribulations point to ways to Save Covid PatientsGeneration Z is bearing the economic brunt of the coronavirusWHO says research on indoor viral particles is inconclusive: NYTEmployers find testing employees more trouble than its worthSubscribe to a daily update on the virus from Bloombergs Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Fauci Says Vaccine May Only Offer Finite ProtectionAny vaccine developed to ward off the novel coronavirus would likely be limited in how long it would shield against infection, said Anthony Fauci, the top U.S. infectious-disease expert.You can assume that well get protection at least to take us through this cycle, Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an appearance on a live-streamed video conference hosted by the National Institutes of Health. Health officials are assuming a shot would offer a degree of protection, though its likely going to be finite, he said.A shot to protect against Covid-19 wont work like the measles vaccine, which lasts throughout a persons lifetime, Fauci said. We may need a boost to continue the protection, but right now we dont know how long it lasts.California Positivity Rate, Cases Jump 4:30 p.m. NYCalifornia Governor Gavin Newsom said 6.8 percent of people receiving coronavirus tests in his state have the disease, up 39 in the last two weeks. The state recorded 5,699 new infections Sunday and is averaging 7,876 new cases per day.The most-populous state has experienced a sharp rise in cases as it reopens more of its economy, with numbers climbing quickly enough that Newsom last week halted indoor dining in 19 counties and closed the parking lots at many beaches in advance of the holiday weekend. California currently has 5,790 people hospitalized with Covid-19, a 50 increase over the last two weeks. Still, that represents just 8 of all available hospital beds in the state, Newsom said. U.S. Cases Rise 2 4 p.m. NYCoronavirus cases in the U.S. increased 2 as compared to the same time yesterday to 2.91 million, as of 3:32 p.m. New York time, according to data collected by Johns Hopkins University and Bloomberg News. That topped the average daily increase of 1.8 over the past week. Deaths rose to 130,090.Florida reported 206,447 cases, up 3.2 from a day earlier, compared with an average increase of 5.1 in the previous seven days. Deaths reached 3,778, an increase of 1.3.Arizona cases rose by 3,352 to 101,441, a 3.4 jump that was below the seven-day average of 4.1, the state Department of Health Services reported Monday. There was one new death, bringing the toll to 1,810.Cases in North Carolina rose 4.3 to 74,775 while deaths rose 0.7 to 1,432,Ireland Extends Travel Guidance 1:15 p.m. NYIrelands government extended its advice against non-essential international travel until at least July 20, Prime Minister Michael Martin said. The country hasnt closed its borders but recommends people avoid traveling outside the island. That was expected to change after July 9, but was extended as other countries grapple with rising coronavirus cases. Martin also warned more pubs may not be allowed to reopen as scheduled if problems with social distancing at venues continue.N.J. Transmission Rate Highest in 10 Weeks 1:11 p.m. NYNew Jerseys transmission rate jumped to 1.03 on Monday, the first time since mid-March that the state has seen a situation where each case is causing to least one other new infection. Governor Phil Murphy called the rise an early warning sign that the state must redouble its efforts to keep Covid-19 from returning.Though the transmission rate was up, the states hospitalizations over the past 24 hours were at 861. At the peak, more than 8,000 patients were in New Jersey hospitals.Arizona Infections Slow Gain 12:24 p.m. NYArizona cases increased by 3,352 to a total of 101,441, a 3.4 jump that was below the seven-day average of 4.1, the state Department of Health Services reported Monday. There was one new death, bringing the toll to 1,810.According to the state, 61 of total cases involve people under 44 years old, following a national trend of infections hitting a younger demographic. Its important for Arizonans to understand that Covid-19 is widespread and circulating in our community, especially in our 20 to 44 year olds, Cara Christ, director of the health services department, said in a statement.Miami-Dade to Close Restaurants, Gyms 11:21 a.m. NYMiami-Dade Mayor Carlos Gimenez plans to sign an emergency order to close restaurants, gyms and party venues, among other businesses, he said in a statement Monday. The closures will be effective Wednesday. We want to ensure that our hospitals continue to have the staffing necessary to save lives, Gimenez said.Harvard Returning 40 of Students 11 a.m. NYHarvard plans to bring 40 of undergraduates to campus starting Sept. 2, including freshmen who will live in single bedrooms and be tested every three days. Students with need-based financial aid who dont return to campus will get 5,000 per semester for home study. Dining services will transition between touchless pick-up and more traditional operations as the situation warrants, the school said.Sophomores and juniors would likely not return to campus this year, and if only one group could return in the early 2021 semester, priority will be given to seniors.Florida Covid Cases Slow Rise 10:29 a.m.Florida reported 206,447 Covid-19 cases on Monday, up 3.2 from a day earlier, compared with an average increase of 5.1 in the previous seven days. Deaths among Florida residents reached 3,778, a 1.3 rise, according to the report, which includes data through Sunday. Seen on a rolling seven-day basis, Floridas new cases reached 60,106, the highest ever.Risk of HIV Drug Shortage 10 a.m. NYSome 73 countries have warned theyre at risk of having shortages of antiretroviral medicines to treat HIV because of the pandemic, the World Health Organization said. Twenty-four already have critically low stocks or disruptions, according to a survey.U.S. Airline Travel Surges Over Holiday Weekend 9:33 a.m. NYAirline passenger numbers in the U.S. exceeded 700,000 on July 2 for the first time since the pandemic began, according to the Transportation Security Administration. More than 2.6 million passengers were screened by TSA from July 2-5. There were roughly 730,000 airline passengers on Sunday, down from about 2.8 million the same day a year earlier.Portugal Reports Smaller Increase in New Cases 9:01 a.m. NYPortugal reported 232 new cases on Monday, down from 328 on Sunday, taking the total to 44,129, the government said. Daily new cases in Portugal have ranged between 192 and 457 since the start of June. The additional infections are mostly in the greater Lisbon region, where authorities have tightened restrictions and increased testing.German Official Points to U.S., U.K. in Urging Mask Rigor 8 a.m. NYIf you look at how the pubs are being stormed in England, the numbers are rising slightly everywhere, not worryingly yet, but one must be careful that it doesnt happen very quickly, Markus Soeder, the premier of the state of Bavaria, said on Monday, adding that the outlook in the U.S. also isnt particularly bright.Theres absolutely no alternative to being prudent and farsighted, said Soeder, a potential contender to run as the chancellor candidate for the conservative bloc next year.About 5 of People in Spain Got Virus, Study Shows 7:56 a.m. NYAbout 5 of the population in Spain, one of the European countries worst hit by the pandemic, was infected, according to a study published online in the medical journal The Lancet. As many as 10 in and around Madrid were infected, while in coastal areas the estimate was closer to 3, the researchers found. About a third of the people who had antibodies -- indicating their immune systems had fought the virus -- had no symptoms, they found.U.K. Firms to Cull Jobs When Furloughs End 6:49 a.m. NYAlmost half of businesses taking part in the U.K. governments coronavirus jobs program expect let go of furloughed staff when support ends in October.The problem is more acute for medium-sized businesses, of which two-thirds say theyll have to cut jobs when the subsidies expire, according to polling by Opinium and the think tank Bright Blue. A quarter of businesses will struggle to increase their share of employee salaries between August and October, the report showed.More than 9 million people in the U.K. have been furloughed since the lockdown started in March. The government has been paying 80 of salaries, with companies able to top it up to 100.Becton Dickinson Wins Approval for Fast Covid Test 6:45 a.m. 