Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs or vaccines for the coronavirus.
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Dr. Scott Gottlieb told CNBC on Monday that the blood plasma treatment for coronavirus patients recently granted emergency approval by the Trump administration may be effective. “I think that this could be beneficial. It might be weakly beneficial,” Gottlieb said on “Squawk Box.” ”It doesn’t look like a home run, but right now we’re looking for singles and doubles.
Indian low-cost carrier IndiGo does not expect to be profitable in the next 18 months, according to the CEO of InterGlobe Aviation, which operates the airline. At the moment, the airline is flying at about 32% of its capacity, Ronojoy Dutta said on Friday. IndiGo is one of the largest carriers in the country, with a
U.S. President Donald Trump speaks at the 2020 Council for National Policy Meeting in Arlington, Virginia, on Friday, Aug. 21, 2020. Tasos Katopodis | UPI | Bloomberg | Getty Images President Donald Trump on Sunday will announce the emergency authorization of convalescent plasma for Covid-19, according to the Washington Post and other reports. The president
The Robert F. Kennedy Memorial Stadium is seen in this aerial photograph taken above Washington, D.C., Nov. 4, 2019. Al Drago | Bloomberg | Getty Images Jason Wright, the new president of Washington’s football team, will start his role Monday with his initial business strategies in place as he aims to fix the club’s damaged
Lisa Taylor receives a COVID-19 vaccination from RN Jose Muniz as she takes part in a vaccine study at Research Centers of America on August 07, 2020 in Hollywood, Florida. Joe Raedle | Getty Images The World Health Organization said Friday that a vaccine will be a “vital tool” in the global fight against the
On film studio set close up shot of empty director’s chair. gorodenkoff | iStock | Getty Images Solstice Studios was supposed to begin filming its newest feature starring Ben Affleck in Los Angeles back in April. While the film’s production was halted by the coronavirus, it’s the lack of widely available testing that will keep it
Director of the Centers for Disease Control and Prevention Dr. Robert Redfield pointed Friday to a new study published by his agency as evidence that there is a way to safely reopen childcare centers and schools despite the pandemic. The study that Redfield cited looked at confirmed and probable Covid-19 infections linked to childcare centers
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images On Friday, AMC, Regal, Cinemark and Marcus Corp and other major theater chains reopened their doors to the public after five long months of being shuttered due to the
Monique Hernandez registered nurse at Riverside community hospital is overcome with emotions during a memorial and candle light vigil for Hollywood Presbyterian Nurse Celia Marcos who died two days after testing positive for Coronavirus at Hollywood Presbyterian Medical Center in Los Angeles on Wednesday, May 6, 2020. Keith Birmingham | MediaNews Group | Pasadena Star-News
The U.S. has not yet had a “true second wave” of the coronavirus and the country could see a resurgence of the virus in the fall and winter, former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC on Friday. “I think most peoples’ perception is we had one epidemic in New York, in
National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China. TPG | Getty Images Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130
Wildfires continued to rage across California on Thursday fueled by dry heat and extreme temperatures, threatening thousands of homes and forcing evacuations. California Gov. Gavin Newsom on Wednesday said that California had been hit by 10,849 lightning strikes over the past 72 hours, which has helped ignite a good portion of the 367 known fires
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines said Thursday it plans to cut service to 15 small U.S. cities with low demand in October after the
U.S. President Donald Trump speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., on Tuesday, Aug. 11, 2020. Jim Lo Scalzo | EPA | Bloomberg | Getty Images President Donald Trump urged universities to continue reopening their campuses on Wednesday, even as some institutions
An airplane of Mahan Air sits at the tarmac after landing at Sanaa International Airport in the Yemeni capital on March 1, 2015. Mohammad Huwais | AFP | Getty Images WASHINGTON — The Trump administration slapped fresh sanctions on two United Arab Emirates-based companies for providing material support to Iran’s largest airline, the Treasury Department said Wednesday.
Johnson & Johnson said on Wednesday it would buy Momenta Pharmaceuticals for about $6.5 billion in cash to bolster its portfolio of treatments for autoimmune diseases. Momenta shares were up 68% at $51.98 before the bell, just shy of the offer price of $52.20. The deal gives Johnson & Johnson’s Janssen unit access to Momenta’s
A plume of smoke rises from the Ranch 2 Fire on August 15, 2020 as seen from Azusa, California. Mario Tama | Getty Images California Gov. Gavin Newsom declared a state of emergency Tuesday to ensure the states receive vital resources amid wildfires that have exacerbated a stifling heat wave. At least 27 fires are raging
Students on campus at the University of Notre Dame Alfredo Sosa | The Christian Science Monitor | Getty Images An off-campus party has led to a spike in coronavirus cases at the University of Notre Dame, which is now reporting more than 140 total cases since the school started tracking them about two weeks ago,
Canoo CEO Ulrich Kranz likes to call his EV subscription company’s first model a “spaceship” or a “loft on wheels.” Soon, he expects to have the money needed to build Canoo’s initial model, which looks like a cross between van and a shuttle bus. “This will be a lifestyle vehicle,” Kranz told CNBC. He said