Markets

US stocks close mixed as virus drug report offsets oil-market surge

US stocks closed mixed on Thursday as investors mulled weekly unemployment claims, rebounding oil prices, and a bleak report on a potential coronavirus vaccine. Jobless claims hit 4.4 million in the week ended April 18, declining from previous periods but pushing the metric’s five-week total above 26 million. WTI crude […]
US stocks close mixed as virus drug report offsets oil-market surge
Markets

Gilead tanks 9% on report its coronavirus drug doesn’t help patients

Gilead stock plunged as much as 9% on Thursday after STAT News reported its experimental coronavirus drug remdesivir failed to improve patient conditions in a clinical trial. A summary of the trial’s results was mistakenly uploaded to the WHO’s website, STAT reported. The report contained “inappropriate characterizations of the study,” […]
Gilead tanks 9% on report its coronavirus drug doesn’t help patients
Markets

Dow surges 705 points as optimism mounts around a US economic reopening

All three US equity indexes surged on Friday as the White House’s plan for an economic reopening lifted investor sentiment. Positive results reported from Gilead’sCOVID-19 treatment trials offered new optimism that an effective drug could arrive sooner than expected. The market posted its second straight week of gains, despite economic […]
Dow surges 705 points as optimism mounts around a US economic reopening
Markets

Dow surges 500 points on optimism around US economic reopening plan

All three US equity indexes surged on Friday as the White House’s plan for an economic reopening lifted investor sentiments. Positive results reported from Gilead‘s coronavirus treatment trials offered new optimism around an effective drug arriving sooner than expected. The market is on pace to close with its second straight […]
Dow surges 500 points on optimism around US economic reopening plan
News

We just got more ‘hopeful’ data on Gilead’s potential coronavirus treatment, but it’s too soon to tell if the drug works

More than two-thirds of hospitalized COVID-19 patients improved in condition after receiving remdesivir, an experimental antiviral treatment from Gilead Sciences. These findings come from data published Friday on 53 patients, the largest dataset yet for remdesivir. Experts, including the lead author of the study, cautioned against drawing conclusions on the […]
We just got more ‘hopeful’ data on Gilead’s potential coronavirus treatment, but it’s too soon to tell if the drug works
News

A California doctor who’s been on the frontlines of the coronavirus outbreak for the past 2 months says patients are now afraid to go to the hospital

Nearly two months into fighting the pandemic in the San Francisco Bay Area, Edward Abratowski believes that he and other doctors underestimated the coronavirus. Abratowski noted that his hospital is seeing a precipitous drop in patients because people understand that a hospital is “not the best place to be” right […]
A California doctor who’s been on the frontlines of the coronavirus outbreak for the past 2 months says patients are now afraid to go to the hospital
News

The family of a 34-year-old father in a 2-week coma with COVID-19 says a ‘bureaucratic glitch’ has kept him from accessing potentially life-saving treatment

Michael Goldsmith, a 34-year-old husband, dad, and IT professional in New Jersey, has been on a respirator and in a medically induced coma from COVID-19 for two weeks. His doctors first said he’d be able to try remdesivir, a drug the World Health Organisation has called the “most promising” treatment […]
The family of a 34-year-old father in a 2-week coma with COVID-19 says a ‘bureaucratic glitch’ has kept him from accessing potentially life-saving treatment
Markets

One Wall Street firm says approval for Gilead’s experimental coronavirus treatment is a coin-flip bet at best — but still thinks you should buy the stock right now

Gilead’s experimental coronavirus treatment has a 50/50 chance at gaining approval at best, RBC Capital Markets analysts wrote Wednesday. The biotech company soared amid the late February downturn after a World Health Organisation official deemed its remdesivir compound the best bet yet to combat the epidemic. Though the drug’s success […]
One Wall Street firm says approval for Gilead’s experimental coronavirus treatment is a coin-flip bet at best — but still thinks you should buy the stock right now
Markets

A small group of scientists, execs, and VCs are $277 million richer as their companies race to create a coronavirus vaccine. Here are 7 who have raked in huge sums.

Gilead,Moderna, and Novavax have all enjoyed massive gains after announcing potential coronavirus drugs, leading their executives, scientists, and early investors to rake in millions. The profits come as global markets tank on growing coronavirus concerns. Moderna has gained the most of the three since Friday’s close, jumping 60% after announcing […]
A small group of scientists, execs, and VCs are $277 million richer as their companies race to create a coronavirus vaccine. Here are 7 who have raked in huge sums.
Markets

Drug developer Gilead soars to 16-month high after WHO official says its experimental treatment is best shot for fighting coronavirus

Biotech company Gilead soared as much as 6.9% Monday morning after a World Health Organisation official made a hopeful comment on its experimental coronavirus treatment. The drug developer’s remdesivir compound is the “one drug right now that we think may have efficacy,” Bruce Aylward, an assistant director-general at the WHO, […]
Drug developer Gilead soars to 16-month high after WHO official says its experimental treatment is best shot for fighting coronavirus