Year: 2020

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Fauci says leak concerns fueled his White House revelation of Gilead drug results

April 30, 2020 admin Comments Off on Fauci says leak concerns fueled his White House revelation of Gilead drug results

Concerns over leaks compelled the top U.S. infectious disease official to reveal data on Gilead Sciences Inc’s experimental drug remdesivir, the first in a scientifically rigorous clincial trial to show benefit in treating COVID-19. The dramatic announcement by Dr Anthony Fauci in the Oval Office on Wednesday prompted concerns among scientists that the Trump administration was raising hopes about a coronavirus treatment before sharing the full data with researchers. As a cautionary example of inflating the potential value of a therapy, some pointed to President Donald Trump’s repeated endorsements of malaria drug hydroxychloroquine as a treatment, with no …read more […]

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Nokia first quarter in profit, revenues miss consensus

April 30, 2020 admin Comments Off on Nokia first quarter in profit, revenues miss consensus

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts’ estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China. It, however, eked out a small profit backed by good demand for its new 5G telecoms equipment. Nokia reported January-March revenues of 4.9 billion euros ($5.33 billion), missing the 5.1 billion euro consensus figure, according to Refinitiv data. …read more […]

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Gold hoarding investors avert coronavirus demand collapse – WGC

April 30, 2020 admin Comments Off on Gold hoarding investors avert coronavirus demand collapse – WGC

Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the first three tumultuous months of 2020, the World Gold Council said on Thursday. “This is the biggest change to the market that I can remember,” said John Reade, the WGC’s chief market strategist. Over January-March, exchange traded funds (ETFs) storing gold on behalf of investors mainly in the United States and Europe added a whopping 298 tonnes worth some $16 billion to their hoard, the WGC said in its latest quarterly …read more […]

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Global stocks rally on treatment hopes, currencies await ECB

April 30, 2020 admin Comments Off on Global stocks rally on treatment hopes, currencies await ECB

Asian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting later in the day. The news rallied Wall Street on Wednesday and lifted MSCI’s broadest index of Asia-Pacific shares, excluding Japan, by 0.8% to its highest since mid-March. Japan’s Nikkei, returning from a holiday on Wednesday, jumped 2.5% to a seven-week high as well, catching up on the week’s gains. …read more […]