GENEVA (AP) — The ongoing Ebola outbreak in Congo is on track to surpass the deadliest one in history that killed over 11,000 people out of more than 28,000 cases, the head of the World Health Organization said Wednesday.
“At its current pace, it's on track to eclipse the West African Ebola outbreak of 2014 to 2016,” Tedros Adhanom Ghebreyesus told reporters. That outbreak horrified the world and jolted efforts to develop a vaccine.
The outbreak in eastern Congo, considered the fastest-growing in history, has killed over 2,000 people out of more than 4,300 cases. The outbreak was declared on May 15, but health authorities now say sequencing showed it began months earlier, in February.
It is unlike most previous Ebola outbreaks because the rare Bundibugyo virus responsible for it has no approved vaccines or treatments, though efforts to address that are underway.
Experts say this outbreak is moving faster than efforts to track and manage it in a remote part of eastern Congo facing ongoing conflict, near the borders with South Sudan, Uganda and Rwanda.
Most of the new cases and deaths are still being reported in communities outside the reach of health workers in a region of poor infrastructure and ill-equipped health centers. Some health workers have gone on strike over lack of pay. Misinformation about the virus continues to circulate in communities where some are wary of outsiders, keeping some people from clinics.
“The outbreak had a big head start, still way ahead of us. and we’re playing catch-up,” Tedros said.
Dr. Abdirahman Mahamud, WHO's director for health emergency alert and response operations, said the agency expects the peak of the outbreak to be reached in six months.
“But ... that’s the moderate scenario,” Mahamud added. “There is a one-case scenario where this outbreak may last nine months to 12 months."
People dressed in protective gear lower into a grave the coffin containing the remains of Jeannine Katusabe, who died of Ebola, during a burial service in Bunia, Ituri province, eastern Congo, Tuesday, Aug. 11, 2026. (AP Photo/Dieudonne Dirole)
NEW YORK (AP) — Wall Street is flirting with a record Wednesday after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.
The S&P 500 added 0.2% and was on track for its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average was up 2 points, or less than 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.
Stocks in the artificial-intelligence technology business helped lead the way after strong profit reports bolstered hopes they can continue to deliver big-enough growth to justify the huge gains their prices have made.
Super Micro Computer, which sells servers and other equipment, jumped 13.3% after reporting earnings per share for the latest quarter that were 84% higher than analysts expected. It also gave forecasts for upcoming profit and revenue that topped analysts’ expectations.
CoreWeave, which offers AI computing power to customers over the cloud, leaped 17.9% after reporting better revenue for the latest quarter than analysts expected, along with a milder loss. CEO Michael Intrator said demand is accelerating from customers as big businesses adopt AI.
CoreWeave gives its customers access to AI chips from Nvidia, and Nvidia climbed 2.9%. It was the single strongest force lifting the S&P 500.
It’s a return to strength for AI stocks, which have been veering on a roller-coaster ride. After surging to records, AI stocks came under pressure on worries that they shot too high. Investors wanted to see big spenders on AI prove that their investments are yielding enough in profits and productivity to make them worth it. That in turn could lead to continued demand for chips and other AI infrastructure.
Wall Street also got some support from easing yields in the bond market. Treasury yields fell after a report showed that U.S. consumers paid prices for gasoline, groceries and other costs of living last month that were 3.4% higher than a year earlier.
That’s higher than anyone would like, but it’s not as bad as June's 3.5% inflation rate.
The deceleration could give the Federal Reserve more leeway to hold off on hikes to interest rates. Higher rates would help keep a lid on inflation, but it would do so by making it more expensive for U.S. households and companies to borrow and forcing a slowdown in the economy. Higher interest rates also would undercut prices for stocks and other investments.
The Fed’s members have been notably split about whether they should have already begun hiking interest rates. But Wednesday’s update on inflation pushed traders to pull back on bets the Fed will hike its main interest rate at its next meeting in September.
Traders are betting on just a 38% chance of it, down from the coin flip’s chance seen the day before, according to data from CME Group.
That helped pull the yield on the 10-year Treasury down to 4.66% from 4.70% late Tuesday. It, though, still remains well above its 3.97% level from before the war with Iran, which sent oil prices and worries about inflation spiking.
Oil prices swung between modest gains and losses Wednesday, and the price for a barrel of Brent crude slipped 0.1% to $88.84.
Higher yields have already pulled long-term mortgage rates to their highest levels in a year. That's hurting the housing industry, and losses for homebuilders on Wednesday helped keep the market in check. D.R. Horton fell 2.9%, and PulteGroup lost 2.2%. Builders FirstSource, which sells countertops and other building materials, dropped 3.8%.
In stock markets abroad, indexes were mixed across Europe and Asia.
South Korea’s Kospi jumped 3.7% for one of the world’s bigger gains. It’s been at the center of the jarring swings for AI stocks because it’s dominated by two tech giants, Samsung Electronics and SK Hynix.
AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report.
Trader Fred Demarco, right, and Specialist Michael Pistillo, left, work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)
A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)
