He said falling cases for 2 weeks, so NYC soon the next 28 will be 4 to 6weeks, so definition of soon is tricky.
It seems that it was a bit fishy! https://www.zerohedge.com/health/gi...oaring-anecdotal-reports-no-statistical-power TLDR; GILD denies they found a cure.
I saw that article . What are the side effects of these drugs? Even if these drug worked somewhat many things have to be tested . By the time all that is done and we get mass distribution its 12 -18 months . All the damage is gone and millions of businesses go under . wall street is the greatest hype machine on earth
1 This is not new drug. Means it went thru all needed stages and was accepted. 2 Was tested on 113 severe sick people and 111 recovered like 98% efficient. 3 I assume it already was produced and stocked. 4 We have 600k * 0.05 severe illness people 30k so need about 30-100k doses. This is not a vaccine for everyone. 5 It is allays side effects, but if 98% survived it is very promising. Let’s be optimistic.
From zero hedge Experts had high hopes for remdesivir because it had shown it was effective in stopping the Ebola virus replicating. Ebola shares a similar mechanism of replication with Sars-CoV-2, the virus that causes the Covid-19 disease. However, there has been no definitive statistic evidence yet that that is the case.
Hmmmmmm So futures up, companies adding hundreds of billions in market cap over news that this drug might not be effective? so the original news should be taken with a grain of salt!!!! Ah ha. Investors should be cautious on the potential for Gilead’s drug Remdesivir, analysts says PUBLISHED FRI, APR 17 20207:08 AM EDTUPDATED 43 MIN AGO https://www.cnbc.com/2020/04/17/gil...vestors-should-be-cautious-analysts-says.html
So 111 severe survivors out of 113 sick people is not true? One source against another source. Do we have Gilead speak person to dismiss ? We should wait to make conclusions.
Just like we had a china deal 20 times over 18 months to manipulate the mkt. The bottom line this won't change the facts on the ground over the next 12-18 months as 10's of millions get the virus and millions die . This will cause millions of businesses to go under over the next 1 1/2 yrs and indexes like the nasdaq 8% from 11 yr bubble highs .