Author: Vitaliy Dadalyan

President Treated With Steroid After Inflammation: Trump Update

(Bloomberg) -- President Donald Trump could be discharged as early as Monday, his medical team said in a briefing to reporters on Sunday morning, though he’s been administered a medicine to control inflammation.“The president has continued to improve,” the White House physician, Sean Conley, told reporters at Walter Reed National Military Medical Center. “As with any illness, there are frequent ups and downs over the course.”Conley said Trump’s blood-oxygen saturation level dropped twice since his diagnosis, and the president’s medical team decided after some discussion to administer dexamethasone, a steroid used to treat inflammation in Covid patients.Joe Biden leads Trump by 14 percentage points in a new Wall Street Journal/NBC News poll taken after Tuesday’s debate but before the president’s diagnosis was announced, his highest margin of the presidential campaign.Chris Christie, the former New Jersey governor who helped Trump prepare for Tuesday’s presidential debate with Joe Biden, also entered a hospital...

Goldman Sachs Says Election Fears Are Overblown; Suggests 2 Stocks to Consider

November 3 is just around the corner, and Wall Street’s gaze has locked in on the race to the White House. Biden currently leads in the polls, but it’s still anyone’s race. Now, with President Trump’s COVID-19-related hospitalization rocking the last leg of the 2020 presidential election campaign, and Senate control also up for grabs, fears regarding a divided government are circling the Street. That said, this might not be such a bad thing, if you ask Goldman Sachs. “A divided government scenario would lead to a smaller change in interest rates and a reduction in political uncertainty,” the firm’s chief equity strategist David Kostin wrote. The strategist argues that such an outcome could push the S&P 500 to 3,700, which would reflect an 11% gain, with the index reaching 4,000 by mid-2021. But what will happen if Biden comes out on top? Kostin believes a blue wave wouldn’t be as...