advanced 1.38% to 8,650.14. Stocks jumped after a report said a Gilead Sciences drug showed some effectiveness in treating the coronavirus, giving investors some hope there could be a treatment solution that helps the country reopen faster.
STAT news reported that a Chicago hospital treating coronavirus patients with remdesivir — a Gilead drug — a trial were recovering rapidly from severe symptoms. The publication cited a video it obtained where the trial results were discussed. Investors have said that news of an effective treatment or vaccine would be needed for stocks to mount a sustainable comeback.
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The most amazing thing that happened was that a hedge fund manager came on the air and said that hedge funds deserve bailouts. They cry for free market capitalism during the good times and take socialist handouts when things go wrong. Of course, Main Street gets left behind again
22 million out of work...1% piggies gobble up profit