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Google Business NewsJul 10, 2020
CDC: Covid-19 death toll is twice as high among people of color under age 65 as for white Americans - The Washington Post
CDC: Covid-19 death toll is twice as high among people of color under age 65 as for white Americans  The Washington PostCOVID-19 | Fight Coronavirus this Independence Day | #COVIDStopsWithMe  Centers for Disease Control and Prevention (CDC)CDC data reveal new racial disparity with COVID-19 deaths  Los Angeles TimesCoronavirus pandemic: Updates from around the world  CNNCDC adds runny nose, nausea to the growing list of COVID-19 symptoms 

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Researchers are launching a massive study to tell us how prevalent COVID-19 is in North Texas - The Dallas Morning News (Google Business News)

Yahoo BusinessJul 10, 2020
Is United Airlines Stock a Buy Right Now? This Is What You Need To Know
The airline industry has been hit hard by COVID-19. Border closures and shelter in place measures brought the industry to a standstill during the virus' initial wave, as air traffic was grounded across the globe.Whether the pandemic has peaked or not, United Airlines (UAL) upcoming flight schedule acknowledges normality is still a way off. Air travel volume remains weak and currently United's cash burn rate amounts to roughly $40 million a week. As a result, United has issued warnings that almost half of its workforce might be furloughed in the fall.Further keeping air travel rates down are recent measures by New York, New Jersey, and Connecticut which require any travelers from states with COVID-19 test rates above 10% to self-quarantine for two weeks. The measures have resulted in a slew of discount offers from United.However, recent United data shows the promise of low prices is not enough to entice the public while the risk of quarantine still looms. As a result, United's August schedule is expected to drop by 65% compared to last year's capacity. This is lower than the expected 60% drop United were anticipating only a week ago.Still, the latest figures are an improvement on June and July's numbers, which were down year-over-year by 88% and 75%, respectively. United have said the rest of 2020's schedule will probably resemble that of August's.What this means to Deutsche Bank analyst Michael Linenberg, is that more uncertainty lies ahead.The 5-star analyst said, "The bottom line is that, a

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S&P 500 Shoots Up 33 Points: Banks, Airlines, and Cruise Line Stocks Brush Off Record COVID-19 Cases on Gilead Treatment Update (The Motley Fool)

KiplingerJul 10, 2020
Stock Market Today: Gilead Gives Stocks a Booster Shot
Gilead Sciences (GILD, 2.2%) once again helped inject a little life into stocks Friday with the help of its coronavirus treatment remdesivir.

The major indices appeared poised for losses in early trading amid another record surge in U.S. COVID-19 cases, as well as yesterday's comments from Treasury Secretary Steven Mnuchin indicating that the White House wants to cap unemployment benefits in the next round of coronavirus stimulus.

65 Best Dividend Stocks You Can Count On in 2020 However, Gilead announced that an analysis of previously released clinical trial data revealed an "important finding": namely, a 62% reduction in mortality risk in coronavirus patients compared to the current standard of care. 

The news was music to Wall Street's ears; financial stocks including JPMorgan Chase (JPM, 5.5%) and Goldman Sachs (GS, 4.5%) contributed to a 1.4% jump in the Dow Jones Industrial Average to 26,075. The S&P 500 finished 1.1% higher to 3,185, while the small-cap Russell 2000 jumped 1.7% to 1,422.

The Nasdaq Composite gained a more modest 0.6%, but that marked a third straight close at record


Google Business NewsJul 10, 2020
OHA anticipates testing material shortage with increase in coronavirus cases - KATU
OHA anticipates testing material shortage with increase in coronavirus cases  KATUOHA reports 275 new COVID-19 cases, warns of possible dramatic increases in Oregon  KPTV.comOHA asks people not to attend indoor gatherings of more than 10 people  KATUOregon expects ‘exponent

Yahoo BusinessJul 10, 2020
Stock market news live updates: Gilead treatment feeds broad rally, tech stocks power Nasdaq to 4th record close this week
Stocks rose Friday, and the Nasdaq Composite hit yet another record high, after Gilead Sciences announced that its remdesivir treatment reduced the risk of death for Covid-19 patients, based on new data from the company.


Google Business NewsJul 10, 2020
Florida's COVID-19 cases near record levels as nationwide death toll rising again - NBC News
Florida's COVID-19 cases near record levels as nationwide death toll rising again  NBC News28% of Covid-19 tests are positive in one Florida county as the US breaks another case record  CNNFlorida reports record high coronavirus deaths in 1 day  Fox NewsWhy Isn't California Criticized Like Florida on Covid-19?  Bloomberg

MarketWatchJul 10, 2020
Business in the Age of COVID-19: Netflix pulled off a showstopper early in the pandemic, but will the sequel deserve the price?
The runaway success of streaming services during the pandemic leads to the invariable entertainment-tinged question: What does Netflix do for an encore?

Yahoo BusinessJul 10, 2020
Texas Hospital Cases Soar; Masks Key in Melbourne: Virus Update
(Bloomberg) -- Texas hospitalizations topped 10,000 for the first time and California suffered its second-highest day of deaths. Florida's biggest county had a record number of patients in its intensive-care units.New York will allow limited visitors into nursing homes and long-term facilities for the first time in months. Overall U.S. cases rose 1.9%, matching the average daily rise over the past week.Gilead Sciences Inc.'s remdesivir treatment reduced the mortality risk for Covid-19 patients by 62% compared to standard care, a new analysis of trial data showed. Japan is trying to fix its contact-tracing app after it failed to register new cases. Mask-wearing will be critical to reopening Australia's Victoria state, officials said.Key Developments:Global Tracker: Cases top 12.4 million; deaths surpass 559,000Wuhan shows the world how economies may recover‘Back to the nightmare' as virus shuts Hong Kong schoolsTesting bottlenecks are keeping states from tamping down virusBillionaire's empire unexpectedly thrives in BrazilTrump school-reopening gambit stokes fresh concernSubscribe to a daily update on the virus from Bloomberg's Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Masks Key to Reopening Victoria (11:09 a.m. HK)Mask-wearing will be critical to reopening Australia's second-most populous state as it seeks to curb a second wave of infections, Victoria Premier Daniel Andrews said.Two million masks will be ordered and distributed to "priority groups," he said Saturday. The st

Yahoo BusinessJul 10, 2020
HHS allocates Gilead's COVID-19 drug remdesivir to four hardest hit states
The U.S. government has allocated more than 11,000 courses of Gilead Sciences Inc's COVID-19 treatment remdesivir to the four states now being hardest hit by the fast-spreading outbreak in the United States. The remdesivir is being distributed to Texas, Florida, California and Arizona on Friday and Monday, according to a U.S. Department of Health and Human Services (HHS) website https://www.phe.gov/emergency/events/COVID19/investigation-MCM/Pages/commercial-allocation-table.aspx. Remdesivir is in high demand as one of the only treatments so far shown to alter the course of COVID-19.


MarketWatch MarketPulseJul 10, 2020
U.S. oil futures finish higher, paring their loss for the week
U.S. oil futures climbed Friday, reducing their losses for the week even as the spread of the coronavirus pandemic continued to threaten a recovery in the economy. Crude prices got a boost for the session, in part due to the "upbeat COVID-19 vaccine and treatment news" and a softer dollar, but U.S. benchmark prices remain "anchored below the $41 level and will likely struggle for any major moves" until after next week's OPEC Joint Ministerial Monitoring Committee meeting, said Edward Moya, senior market analyst at Oanda. "The demand outlook risks warrant a discussion for OPEC to consider extending production cuts into August," he said, in a note. August West Texas Intermediate oil rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange. For the week, prices based on the front-month contract fell by 0.2%, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessJul 10, 2020
U.S. Airlines Cancel Hong Kong Flights Over Crew Testing
United Airlines Holdings, inc. (NASDAQ: UAL) and American Airlines Group Inc. (NASDAQ: AAL) have temporarily suspended flights to Hong Kong after the city imposed invasive COVID-19 testing on all arriving crew members.The first round of mandatory aircrew tests found four cases of infection, including three pilots working for Hong Kong Air Cargo, a unit of Hong Kong Airlines, who had just returned from Almaty in Kazakhstan, according to the South China Morning Post. Hong Kong health authorities tightened testing rules earlier this week after a 54-year-old cargo pilot tested positive for the coronavirus on July 4 following trips to Kazakhstan and Turkey. In response, United Airlines has canceled flights to-and-from Hong Kong through July 10 while it reassesses the situation. American Airlines pushed back resumption of flights, originally scheduled for July 9, until August 5, the Wall Street Journal reported. Last week United began operating five weekly flights between San Francisco and Hong Kong. On Monday said it would begin weekly flights from Chicago to the semi-autonomous city in September.KLM Royal Dutch Airlines (OTC: KLMR) also canceled an Amsterdam-Hong Kong flight on Wednesday to ensure it's crew didn't have to stay overnight and get tested, the South China Morning Post reported.The deep-throat saliva tests are intended to help contain a new local outbreak of the disease, but underscore challenges airlines face in trying to restart and sustain flight operations after global lockdowns that slowed air travel to a trickle. Air

MarketWatch MarketPulseJul 10, 2020
Gold futures end lower for the session, but tally a 5th straight weekly gain
Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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