Most New Infections Now Outside China, WHO Says: Virus Update

In this article More coronavirus cases were reported in countries other than China in the past 24 hours for the first time, the World Health Organization said, a significant development as new cases spread around the globe. New infections were diagnosed in countries from Pakistan to Brazil, which reported the first case in Latin America, […]

Oil prices slump as coronavirus sparks demand concern

New York (CNN Business)The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand. Oil prices plunged deeper into a bear market Wednesday, reflecting fears about the economic repercussions of the rapidly-spreading health crisis. Economists are warning the coronavirus could spark a severe […]

FDA Delays Decision On HRTX Drug, KPTI On Watch, ADMP To Resubmit NDA In Q2

Today’s Daily Dose brings you news about Adamis Pharma’s upcoming regulatory catalyst, the delay in FDA decision related to Eton Pharma’s drug candidate, the global license agreement between Five Prime and Seattle Genetics, and Karyopharm’s date with FDA. Read on… Adamis Pharmaceuticals Corp. (ADMP) expects to resubmit ZIMHI New Drug Application early in the second […]

European Shares Seen Opening On Cautious Note

European stocks are likely to open on a cautious note Thursday as virus cases rose in South Korea and Japan, offsetting hopes of further stimulus in China. There were over 70 confirmed cases in Japan as of Wednesday, the third highest number after China, while South Korea reported 31 new cases of the new coronavirus […]

Rejected by Two Ports on Virus Fears, Cruise Heads to Mexico

A ship operated by MSC Cruises is sailing for Cozumel, Mexico, on Wednesday after authorities in two Caribbean ports effectively denied it disembarkation over coronavirus fears. On Tuesday, Jamaican authorities delayed a disembarkation decision on the MSC Meraviglia for “many hours,” according to a statement from the company. Overnight, Grand Cayman authorities denied the ship […]

FDA Official Warns Coronavirus on Path to Becoming Pandemic

The coronavirus outbreak that began in China and has spread through the world and into the U.S. is on track to become a pandemic, a top official at the Food and Drug Administration warned. “For all intents and purposes, I think it’s fair to say we are on the cusp of the pandemic,” Peter Marks, […]

Asian Markets Exhibit Mixed Trend

Asian stock markets are mixed on Thursday despite easing fears about the coronavirus outbreak and optimism of further stimulus measures by China to support its economy. On Thursday, China cut the one-year loan prime rate or LPR by 10 basis points in order to lower financing costs for businesses. Meanwhile, China’s National Health Commission reported […]

Will Coronavirus Continue to Hurt Ford Stock?

With markets turning lower at the prospect of a larger impact of the coronavirus (Covid-19), Ford Motor Co. (NYSE: F) has played its part in the downturn of the Dow Jones industrial average. It’s not to say that Ford stock has not suffered like the rest of the Dow (it has), but there could be […]