Michael Levitt, a Stanford biophysicist who was awarded the Nobel Prize in Chemistry in 2013, has made a bold statement that the end of COVID-19 pandemic could be near and has cited China’s curve flattening to support his hypothesis, reported the Los Angeles Times. Levitt is now predicting a curve flattening in infections could be around the corner for the US as strict social distancing measures are being implemented across major […]
Predicts
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JP Morgan Chief Economist Bruce Kasman told CNBC’s Morgan Brennan that he expects to see a 14 percent drop in gross domestic product (GDP) in the second quarter due to the coronavirus pandemic. Brennan interviewed Kasman on Thursday morning’s edition of CNBC’s Squawk on the Street, and asked him about his company’s recent analysis of the outbreak’s effect on GDP. “Bruce, you just put out this […]
There is no way the global economy can avoid a recession, according to Roberto d’Ambrosio, the CEO of Axiory Global. He told RT that demand will come to a halt because the economy is now in a shutdown. “All the related industries will be impacted and a lot of companies could really be out of business,” he said. The industries will get hit and shut down, […]
Late on Tuesday, WTI plunged as low as $26.20 taking out the lows from the 2015/2016 oil recession, and sending it to a level last seen when US president was George W. Bush, people were listening to Get Busy by Sean Paul and Dogville was one of the most popular movies: May 2003. While there was no immediately clear catalyst, earlier in the day, Goldman’s commodities […]
Dr. Brian Monahan, the attending physician of Congress and the U.S. Supreme Court, told Senate administrative office staff that he expects 70 million to 150 million people in the United States, roughly 1/3 of the population, will contract the coronavirus. Monahan made the comments during a closed-door meeting on Tuesday, which included personnel from both parties, but did not include any senators. Although Monahan presented a […]
The deadly outbreak may be over by the start of summer, provided that all countries mobilize themselves against the pandemic, said Chinese government adviser in charge of tackling the coronavirus. Zhong Nanshan, Chinese coronavirus adviser and the epidemiologist who discovered Severe Acute respiratory Syndrome (SARS) in 2003, made the prediction while speaking to journalists on Thursday. He noted, however, that the breakthrough is heavily dependent on […]
Virologist and MSNBC science contributor Dr. Joseph Fair claimed on Monday that 80 percent of the U.S. population would survive, with a 15 to 20 percent mortality rate if the coronavirus becomes widespread. “We’re honestly behind the curve,” Fair claimed, adding that “getting testing up and running is the most essential step.” “Getting testing up and running in every place we can, in every city, in […]
Britain’s BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia. Full-year results announced on Thursday at the upper end of forecasts, helped to drive shares 3.5% higher at 664.6 pence. The maker of Typhoon fighters, combat vehicles and […]
MOSCOW (Sputnik) – South Korea will soon bring an outbreak of a deadly new strain of coronavirus that originated in China in late December under control, allowing the country to refocus its energy on reviving the economy, President Moon Jae-in said on Thursday. “COVID-19 will be terminated (in South Korea) before long,” Moon said, as quoted by the agency. The president added that medical officials will […]