March 23rd – March 29th 2020
In the general news, the global coronavirus pandemic dominated the news. While total deaths in the U.S. remain small compared to other normal illnesses, such as the flu, the severity of the disease in certain subgroups has created a fear worse than the disease. The entire natation is essentially under house-quarantine. Numerous politicians and celebrities have succumbed, including UK Prime Minister Boris Johnson. The Olympics were pushed out to 2021. All forms of entertainment have ceased, even on TV. As a result, President Trump’s daily press conferences have drawn huge ratings and his approval rating is at an all-time high. The economy is stalled. Therefore, a $2 Trillion stimulus plan was passed into law. More than 3-million filed for unemployment.
In healthcare news, massive military hospitals were set up in New York’s Javits Center along with a 1,000-bed Navy hospital ship. Abbott (ABT) received approval for a 5-minute rapid point-of-care virus test. Gilead (GILD) had to halt the compassionate use sale of remdesivir as trials continue. Also, New York will start trials of immunoglobulin harvested form patients with the virus who have recovered.