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Former Centers for Disease Control and Prevention Director Tom Frieden on Sunday said the U.S. had been a “laggard” in addressing the coronavirus pandemic, specifically pointing to lack of centralized information.

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U.S. Coronavirus deaths are at the highest level in two months; Economy falters

Sun, 2020-07-26 09:37 — mike kraft

Coronavirus updates: U.S. deaths top 1,000 for four consecutive days More than 74,000 coronavirus cases were reported across the United States on Friday, and Anthony S. Fauci said states hit hard by the virus should walk back their reopenings. David Lynch, Meryl Kornfield, Marisa Iati Washington Post

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Book Review COVID-19: "The Pandemic That Never Should Have Happened, and How to Stop the Next One "

Sat, 2020-07-25 22:08 — mike kraft

https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)31594-4/fulltext?dgcid=raven_jbs_etoc_email#%20

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Corporate Insiders Pocket $1 Billion in Rush for Coronavirus Vaccine

Sat, 2020-07-25 21:29 — mike kraft

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

Sat, 2020-07-25 21:06 — mike kraft

Jamie Dimon's warning for the U.S. economy — nobody knows what comes next More than four months into the coronavirus pandemic, the financial damage wrought by the outbreak has yet to fully register. Hugh Son CNBC

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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