Archives of “April 22, 2020” day

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UK is “throwing everything” at developing a coronavirus vaccine – human trials begin Thursday

  
  Analysis

UK Health Secretary Matt Hancock spoke in a briefing earlier:

  • government is “throwing everything” at developing a coronavirus vaccine
  • human trials for a vaccine, developed by the University of Oxford, would begin on Thursday
Sounds promising? He may be overpromising as his later comments were a little more restrained:
  • told the briefing that “the best way to defeat coronavirus” was through a vaccine
  • The process was “trial and error”, he said, but the UK was at the “front of the global effort” and had invested more money than any other country.
UK Health Secretary Matt Hancock spoke in a briefing earlier:

Broader indices fall over 3%. Dow down -2.67%

  
Analysis, US Market
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All S&P sectors close lower.

The broader stock indices fell over 3% with the Nasdaq leading the way to the downside. The Dow 30 index fell -2.67%
The final numbers are showing:
  • The S&P index fell -86.60 points or -3.07% at2736.60
  • The Nasdaq index fell -297/49 points or -3.48% at 8263.23
  • The Dow 30 stock index fel -631 points or -2.67% at 23018.88.
Netflix shares are higher after the close after subscriber numbers surged 15.8M vs est of 8.47M
The 1Q revenues came in at $5.77B vs $5.76B estimate.  EPS came in at $1.57. They see 2Q rising to $1.81.
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