Moderna Inc on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing. The Cambridge, Massachusetts-based biotech said the primary goal of the study would be to prevent symptomatic COVID-19, the disease caused by the novel coronavirus. The key secondary goal would be prevention of severe disease, as defined by keeping people out of the hospital....
Stock futures slid following the Federal Reserve’s monetary policy decision, in which policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it. Meanwhile, market participants also eyed a rise in new coronavirus cases in key states including Arizona, Florida, North Carolina and Texas....
(Bloomberg) -- U.S. equity futures tumbled with stocks globally on Thursday as fears of a second wave of the virus and a cautious outlook from the Federal Reserve clouded hopes for a speedy economic recovery.Contracts on the S&P 500 Index fell by the most in a month after Fed Chairman Jerome Powell suggested the pandemic could inflict long-lasting damage on the economy. Reports of coronavirus infection rates jumping in parts of America added to the risk-off mood, with cruise operators and airlines slumping in pre-market trading. The Stoxx Europe 600 Index sank by the most in five weeks, with sectors scooped up in the recent rally such as banks and travel leading declines.Treasuries continued higher alongside German bunds on haven demand, while the dollar rebounded from Wednesday’s losses.“This is the first time we’ve had a little bit of negative newsflow recently” on developments in the coronavirus, Dean Turner, economist at UBS...
