(Bloomberg) -- New coronavirus fatalities in the U.K. exceeded 900 for a second straight day. Spain reported the fewest deaths since March 23, and in that country and elsewhere in Europe, officials were trying to prepare people for a return to public life.New York City schools will be closed for the rest of the academic year, Mayor Bill de Blasio said at a press briefing.The U.S. recorded more than 2,000 deaths for the first time in a 24-hour span, while the country’s total cases climbed above 500,000. Germany, Switzerland and Portugal were among countries reporting slower growth in cases or deaths.A Gilead drug showed promise for treating those with severe infections, while in the U.K., a professor said a vaccine might be ready in six months.Key DevelopmentsCoronavirus Tracker: Global cases exceed 1.7 million; deaths top 103,000New York City schools closed for rest of academic yearU.K. reports 917 new deaths, total rises...
On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Tesla Inc (NASDAQ: TSLA). He saw some bullish activity in the name on Thursday as there were more calls than puts traded and call options volume was above its daily average.At the beginning of the session, Khouw noticed a purchase of 11,000 contracts of the April $600 calls for $12. The trade breaks even at $612 or 6.8% above the closing price on Thursday. Khouw said the implied volatility is up considerably, but Tesla is one of the stocks that is up on the year even though it's well below its highs.Extreme market volatility has pulled the rug out from under a lot of traders. Attend the virtual Benzinga Options Boot Camp to learn to trade options in a volatile market and start going after solid trades with absolute confidence. Register for FREE at benzingabootcamp.com before space fills...
As companies announce the marketing or development of diagnostic tests for the new coronavirus, they invariably reference an Emergency Use Authorization, or EUA.U.S.-based Co-Diagnostics Inc (NASDAQ: CODX) announced April 6 that its Logix Smart SARS-CoV-2 test received an EUA from the FDA, sending its shares higher by about 26%.What Is EUA? An EUA is accorded by the FDA under section 564 of the Federal Food, Drug and Cosmetic Act. It allows unapproved medical products or unapproved uses of approved medical products to be used in an emergency for diagnosing, treating or preventing serious or life-threatening diseases or conditions, especially when there are no adequate approved and available alternatives.The emergencies are defined as a threat emanating from chemical, biological, radiological or nuclear material.This definition underlines three aspects of the EUA: * The case should be an emergency. * The condition or disease for which the test or treatment is being developed should...
(Bloomberg) -- New coronavirus fatalities in the U.K. topped 900 for a second day. Spain reported the fewest deaths since March 23. In that country and elsewhere, officials are trying to prepare people for a return to public life.U.S. deaths exceeded 2,000 for the first time in a 24-hour span, while the country’s total cases climbed over 500,000. New York, which remains the U.S. epicenter of the coronavirus, had a slight decline in fatalities after three days of record highs. Germany, Switzerland and Portugal were among countries reporting slower growth in cases or deaths.A Gilead drug showed promise for treating those with severe infections, while in the U.K., a professor said a vaccine might be ready in six months.Key DevelopmentsCoronavirus Tracker: Global cases exceed 1.7 million; deaths top 103,000U.K. reports 917 new deaths, total rises to 9,875Spain has fewest fatalities since March 23U.S. records more than 2,000 virus deaths in a...
