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Vaccine & Treatment Medical News:

Coronavirus: Dexamethasone proves first life-saving drug (BBC)
• Fauci will oppose any rush to announce COVID-19 vaccine before ‘scientifically sound’ (McClatchy DC)
• Life-saving coronavirus drug ‘major breakthrough’ (BBC)
• New COVID-19 Antibody Test Targets Unique Region of Spike Protein (Genetic Engineering and Biotechnology News)
• FDA revokes emergency use ruling for hydroxychloroquine: On Monday, it withdrew emergency approval for use of the malaria drug as a Covid-19 treatment (Stat)
• CureVac Coronavirus Vaccine Cleared for Human Trials in Germany (Bloomberg)

• Genes May Leave Some People More Vulnerable to Severe Covid-19 (NYT)
• Healthy teenager who took precautions died suddenly of Covid-19 (CNN)
• Rare, super coronavirus antibodies likely to yield vaccine, say Stanford, UCSF experts (San Francisco Chronicle)
• How deadly is the coronavirus? Scientists are close to an answer (Nature)
• UK public health bodies reviewing vitamin D’s effects on coronavirus (The Guardian)
• Is the world making progress against the pandemic? We built the chart to answer this question (Our World In Data)

Greed is the Flip Side of Fear- Anirudh Sethi

Most people, I accept, would concur that childishness isn’t the reason for a solid, supportable society. Who of us needs a family where everybody pays a special mind to themselves, a club where individuals are attempting to sabotage our status or even a business where we should consistently watch our back. Individuals need and need to confide in each other. We need others to acknowledge what we need to state, to giggle at our jokes, to be concerned when we let them know of a mishap or sickness. At the point when we appear at a gathering, we need everybody to be glad to see us. To live in any case in a disconnected, defensive state is a bitterness.

 

To take a model, our lawful framework is of the “ill-disposed” sort, where we employ attorneys to guard our inclinations. In the court, truth is ever challenged. The proof is chosen and deselected. As disputants, our solitary desire is to be decided in a positive light. We are there to win.

 

Is our political framework very different? Constituent legislative issues, as an ongoing President put it, is no “round of bean-sack.” Most of us have come to acknowledge the possibility that government officials are going to slight each other. Decisions are events for crazy cases, inert gloats, and contemptible ambushes. Mud is tossed. Some of it sticks. When chosen, our side must indict its own point of view. Helping out the foe, in any event, tuning in to them genuinely, is taboo.

 

Our instruction framework comparatively prizes independence. We all are there to get our own degrees and push ahead with our own lives. Evaluations are an individual issue; papers and tests should communicate that. Gathering study, mentoring, and so forth are acknowledged; so are joint introductions. Yet, on the most significant occasions, it is the person’s abilities and information both probably exclusive issues that are estimated. (more…)

Can the US dollar disconnect from the risk trade?

That’s an idea that has to be on the table

Ultimately, a bet on a currency is a bet on that country’s growth. Yes there are a dozen caveats because of the structure of global capital but growth wins and the growth story often gets lost.
We’re ultra-accustomed to the safety trade and the US dollar’s role in that but it’s not the only safe haven. The two best year-to-date performers are the yen and Swiss franc.
That's an idea that has to be on the table
Also notice that the euro is basically unchanged against the dollar this year. Now, the consensus opinion is that Europe is a black hole of growth and the past 12 years makes that pretty clear but you could argue that’s all priced in.
I can envision a world where growth diverges widely because of differing coronavirus numbers. This chart is stark, especially with Europe’s population exceeding the US by 25%.
Europe vs US on coronavirus
Is it so tough to envision a year or so of better-than-expect European growth compared to the US because of the virus. Certainly, the US has proved it’s better at running an economy but Europe right now looks like it’s better at running public health, and that matters.
That said, here are German daily cases and they’re also worth keeping an eye on:
AUDUSD
So what’s the trade? There is none right now. I think technicals are the way to trade right now and there is a beautiful head-and-shoulders top in EUR/USD.
The risk trade is the only game in town. The head-and-shoulders pattern targets 1.10 so there’s nothing to consider until there.
There’s also a host of other currencies, including an Australian dollar trade that I highlighted seven weeks ago that’s gone extremely well.
The overall point is that the old fashioned ‘risk trade’ is seductive when volatility is high but the rules of FX are often rewritten and now is as good of a time as ever.

US coronavirus cases rise 1.6% vs 1.2% seven-day average

Highest rate of change since June 1

US virus cases rose 34,284 in the past day. It’s the second day in a row above 30,000 after ranging from 19-28K in the prior week.
  • California 3893, or a 2.4% rise
  • Arizona 3109 or a 6.7% rise
  • Florida cases rose 4.5% compared to the seven-day average of 3.4%
  • Texas hospitalizations have hit a record for nine straight days and 4430 new cases
Highest rate of change since June 1
TexasAn equally hot spot right now is Brazil where cases jumped 34,666 in the past day and 1022 people died.
In Beijing there were another 22 confirmed cases on Saturday.
Meanwhile six members of Trump’s staff tested positive for the virus ahead of his rally in Tulsa. Crowds were smaller than anticipated. This was purportedly as he took the stage:
Trump rally empty