As concern about the coronavirus/COVID-19 grows, a biotech company Moderna says it has developed the first vaccine for the new coronavirus outbreak. The Massachusetts' company has sent its COVID-19 vaccine to government officials for human testing.
But don’t get too excited. The first clinical tests are expected to begin in April and the results should be available in July or August. The company's stock price jumped 15-percent on the news. Sadly, the news wasn’t as great elsewhere on the stock exchange, as the Dow closed down by 800 points.
Meanwhile, CDC officials say a coronavirus outbreak in the U.S. appears inevitable. After closed briefings with lawmakers, CDC official Nancy Messonnier told reporters – "It's not a question of if this will happen but when this will happen."
Currently, the U.S. has 53 confirmed cases, including 36 people evacuated from the Diamond Princess cruise ship off Japan.
At last check, the global case count is topping 81-thousand. The death toll has hit more than 27-hundred, but the recoveries stand at 30-thousand.
Source: Barron’s