|
 On the economy, "medical metrics" rule for now
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair
Jerome Powell will testify on Tuesday before the Senate Banking
Committee and face questions about their plans keep the world's
largest economy afloat and missteps in rolling out some $3 trillion
in aid so far.
Two months into the pandemic, many analysts have concluded that U.S.
policy has at best fought back worst-case outcomes on both the
health and economic front.
Powell has said he sees the likely need for up to six more months of
government financial help for firms and families. With regular data
on the economy at best volatile and at worst outdated when it comes
out, he said "medical metrics" were the most important signs to
watch right now.
The presidential pill
Donald Trump surprised many on Monday by revealing that he is taking
hydroxychloroquine as a preventative medicine against the
coronavirus - despite warnings about the malaria drug.
"I've been taking it for the last week and a half. A pill every
day," he told reporters. “All I can tell you is so far I seem to be
OK.”
Weeks ago Trump had promoted the drug as a potential treatment based
on a positive report about its use against the virus, but subsequent
studies found it was not helpful. The Food and Drug Administration
issued a warning about it.
[to top of second column] |
Glimmer of hope
That overshadowed news that an experimental COVID-19 vaccine made by Moderna Inc
produced protective antibodies in a small group of healthy volunteers, according
to very early data released by the biotech company on Monday.
The vaccine has the green light to start the second stage of human testing. In
this Phase II trial to test effectiveness and find the optimal dose, Moderna
said it will drop plans to test a 250 mcg dose and test a 50 mcg dose instead.
Reducing the dose required to produce immunity could help spare the amount of
vaccine required in each shot, meaning the company could produce more of the
vaccine.
Eating with your mask on
Israeli inventors have developed a mask with a remote control mouth that lets
diners eat without taking it off, which they say could make a visit to a
restaurant less risky.
A squeeze of a lever opens a slot in the front of the mask so food can pass
through.
The process could get messy with ice cream or sauces, but more solid morsels can
be gobbled up a la Pac-Man in the arcade game.
(Compiled by Karishma Singh and Mark John; Editing by Giles Elgood)
[© 2020 Thomson Reuters. All rights
reserved.] Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content. |
