What Gilead Sciences GILD, +2.39% gives, Gilead Sciences takes away. A report showing a leaked draft of a trial showing Gilead’s remdesivir didn’t speed up improvement in coronavirus patients in China or prevent them from dying sapped gains on Wall Street on Thursday, about a week after a leaked report of doctors discussing remdesivir’s benefit in Chicago sent Wall Street into a frenzy.
Style Analytics, a research firm based in Boston and London, has studied both the crash and recovery, and compared them to other crashes — the global financial crisis, the dot-com bubble and the 1987 crash. “While this may partially be explained by the fast cash stimulus propping up previous winners, it raises questions about whether the recovery has begun or whether this rally is part of an overall larger market decline yet to materialize,” they write.
The U.K. recorded a record drop in retail sales in March, as the Ifo German business climate index plunged to the lowest level ever. U.S. durable-goods orders slumped over 14% in March.
Great Depression v2.0!
Everybody will. be a Start UP by than ha?