A vial of the experimental drug remdesivir, which is being tested as a treatment for Covid-19. On Wednesday, the S&P 500 shot up 2.7 per cent after its maker Gilead Sciences said a large-scale US government trial of the treatment showed positive results. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Until a vaccine is found, Covid-19 will continue to maul the economy – whatever markets believe

  • Investors are right to draw comfort from the massive stimulus injected to prevent a crash, but they should not dismiss the extent of the disease’s impact on the global economy
A vial of the experimental drug remdesivir, which is being tested as a treatment for Covid-19. On Wednesday, the S&P 500 shot up 2.7 per cent after its maker Gilead Sciences said a large-scale US government trial of the treatment showed positive results. Photo: AFP
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