The 11 Wall St. door of the New York Stock Exchange is seen in New York City, New York, US, June 26, 2020. — Reuters pic
About 30 minutes into the Monday trading session, the benchmark Dow Jones Industrial Average climbed 0.5 per cent to 28,081.45. The quiet days of late August often produce big swings in share prices, but Wall Street got a boost after the FDA yesterday issued an “emergency use authorization” allowing doctors to administer plasma from people who have recovered from Covid-19 to treat new patients.
That authorisation was issued after President Donald Trump accused the FDA, without offering any evidence, of delaying a vaccine and treatments to undermine his bid for re-election in November.
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