Analysis

Corporate Insiders Pocket $1 Billion in Rush for Coronavirus Vaccine

On June 26, a small South San Francisco company called Vaxart made a surprise announcement: A coronavirus vaccine it was working on had been selected by the U.S. government to be part of Operation Warp Speed, the flagship federal initiative to quickly develop drugs to combat Covid-19.

Vaxart’s shares soared. Company insiders, who weeks earlier had received stock options worth a few million dollars, saw the value of those awards increase sixfold. And a hedge fund that partly controlled the company walked away with more than $200 million in instant profits.

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James Dimon's Warning for the U.S. Economy and uncertainties ahead

  • The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer than five different paths it can take.
  • The bank has gotten more pessimistic, seeing unemployment in its default “base” scenario hitting nearly 11% by the end of this year, 4.3% worse than when it made the same forecast in April.
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Coronavirus Drug and Treatment Tracker--New York Times

Below is an updated list of 19 of the most-talked-about treatments for the coronavirus. While some are accumulating evidence that they’re effective, most are still at early stages of research. We also included a warning about a few that are just bunk....

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Testing Backlogs May Cloud the True Spread of the Coronavirus

Public health experts say delays in testing continue to hinder attempts to track and contain the spread of disease.

As demand for coronavirus testing surges around the nation, laboratories that process samples are again experiencing backlogs that have left anxious patients and their doctors waiting days — sometimes a week or more — for results.

At the city and state levels, testing delays could mask persistent rises in case numbers and could cloud ways to combat the coronavirus, as health officials continue to find themselves one step behind the virus’s rapid and often silent spread, experts said.

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