Tag Archives: Gilead Sciences

Washington Post: Upbeat news on a possible coronavirus treatment powers U.S. stocks, lifting Dow more than 500 points

Small but significant scientific advances against covid-19 sent stocks bursting upward Wednesday, all but ignoring sobering data that shows a U.S. economy in paralysis.

Stocks are on pace for one of their best months in decades as the United States ramps up coronavirus testing and states take steps to emerge from the weeks-long lockdown.

Wednesday’s rally picked up steam after Gilead Sciences reported “positive data” coming from the National Institute of Allergy and Infectious Diseases’ clinical trial of its investigational remdesivir treatment for covid-19. The company said “the trial has met its primary endpoint.”

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