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Gilead to donate experimental COVID-19 drug Remdesivir

Gilead Sciences said it is donating 1.5M doses of its experimental anti-coronavirus drug remdesivir, which could treat 140,000 patients. In an open letter, Chairman and CEO Daniel O'Day said that the drug will be offered for compassionate use, expanded access and clinical trials, and will treat patients with severe symptoms. "In addition to the expanded access programs, we continue to provide remdesivir on an individual compassionate use basis for children and pregnant women. More than 1,700 patients have now been treated through these programs. ... -The Fly

Two Energy Concerns Take Center-Stage

For sure, energy was where it was at Thursday, as a glimmer of hope shone between oil behemoths the U.S. and Russia. The leaders of the two nations agreed to talk down the monster amount of production. The tidings led to energy sectors on both sides of the border climbing at least 8% In the smaller-cap interests, Phoenix-based Taronis Fuels, Inc., (OTC:TRNF) told investors it’s advancing multiple new end market opportunities in Europe, the Middle East and Latin America for the use of the Company’s patented Venturi plasma arc gasification technology... -Baystreet.ca

Fears Virus Outbreak Will Shut Down Economy Weigh on Markets

Stocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected. The Dow Jones Industrials fell back 973.65 points, or 4.4%, to 20,943.51. Boeing, American Express and Dow Inc all fell more than 7.5% to lead Dow industrials lower. The broader S&P 500 fell 114.09 points, or 4.4%, to 2,470.50. Real-estate investment, utilities, energy and financials led the S&P 500 lower with each of those sectors down at least 5%. The NASDAQ Composite tossed... -Baystreet.ca

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