WTF Just Happened Today

Friday, May 1, 2020

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• ???? Daily Damage Report.

• ???? Global: Total confirmed cases ~3,321,000; Total deaths: ~237,000; Total recoveries: ~1,044,000. (Johns Hopkins University)

• ???????? U.S.: Total confirmed cases ~1,095,000; Total deaths: ~64,200; Total recoveries: ~160,000

• ???? Markets: Dow ????; S&P 500 ????; Nasdaq ????

• The FDA granted Gilead emergency authorization for remdesivir to treat coronavirus. A federal trial found that patients receiving remdesivir recovered more quickly: in 11 days, versus 15 in a group receiving a placebo. The drug did not significantly reduce fatality rates. (CNBC / Wall Street Journal / NBC News / New York Times)

• At least 30 states have started allowing some businesses to operate or announced plans to do so in May. The reopening of America, however, is happening with little consensus on how it should proceed with state and local officials — and, in some cases, business owners — drawing their own conclusions about how to balance medical and economic risks. (Wall Street Journal)

• The World Health Organization extended its declaration of a global health emergency. (New York Times)

• The coronavirus pandemic is likely to last at least another 18 months and won’t be controlled until about two-thirds of the world’s population is immune, said a report by a team of longstanding pandemic experts. They recommended that the U.S. prepare for a worst-case scenario, including a second big wave of coronavirus infections in the fall and winter. In the best-case scenario, people will continue to die from the virus, they predicted. (CNN / Bloomberg)

• ???? Live Blog: New York Times / Washington Post / Wall Street Journal / NBC News / CNN / CNBC / The Guardian / ABC News /