Daily Archive: June 17, 2020

WHO sees ‘great news’ in steroid’s trial results in COVID-19 By Reuters

© Reuters. FILE PHOTO: A logo is pictured on the World Health Organization headquarters in Geneva

(Reuters) – The World Health Organization (WHO) hailed as “great news” initial clinical trial results that showed a cheap and widely used steroid called dexamethasone can help save the lives of critically ill COVID-19 patients.

“This is the first treatment to be shown to reduce mortality in patients with COVID-19 requiring oxygen or ventilator support,” WHO Director-General Tedros Adhanom Ghebreyesus said in a statement late on Tuesday.

“This is great news and I congratulate the government of the UK, the University of Oxford, and the many hospitals and patients in the UK who have contributed to this lifesaving scientific breakthrough.”

The researchers shared initial insights about the results of the trial with WHO, “and we are looking forward to the full data analysis in the coming days,” it said.

“WHO will coordinate a meta-analysis

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Stocks jump the most in a week as U.S. growth outweighs concerns over rising coronavirus infections

Stocks rose for a third day as optimism over a recovering U.S. economy overrode concern that coronavirus cases are worsening in locations ranging from Texas to China. Treasury yields rose and the dollar strengthened.

The S&P 500 climbed 1.9 per cent, with energy, health care and materials leading all 11 industry sectors higher in the biggest gain in more than a week. The benchmark index initially surged after data showed U.S. retail sales jumped by the most on record. Federal Reserve Chairman Jerome Powell said the U.S. economy may be bottoming out during his semi-annual policy report to Congress.

Unofficially, the Dow Jones Industrial Average rose 543.68 points, or 2.11 per cent, to 26,306.84, the S&P 500 gained 60 points, or 1.96 per cent, to 3,126.59 and the Nasdaq Composite added 173.38 points, or 1.78 per cent, to 9,899.40.

“Right now there’s more cross currents than I can ever remember,”

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The coronavirus death toll in the U.S. has officially surpassed that of WWI

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The coronavirus has infected nearly 2.1 million Americans and claimed 116,567 lives, according to data collected by Johns Hopkins University.

The number of Americans killed by COVID-19 as of Tuesday is higher than the 116,516 killed during World War I—a war waged from 1914 to 1918 that reshaped the globe.

Deaths from COVID-19 in the U.S. had already topped all U.S. deaths from every war since the 1950 start of the Korean War. And deaths from COVID-19 already surpassed those from the 1968 pandemic, which claimed 100,000 lives. However the number killed by COVID-19 is still far below the 675,000 deaths from the 1918 Spanish flu.

The deaths resulting from this pandemic and soldiers killed in war are two very different types of loss. But a consideration … Read More