Plus, ABBV proves not all pharma stocks are good buys right now, FDA warns Alex Jones to stop pitching bogus virus remedies, Consumer prices slump as virus suppresses spending
Markets are closed today.
Economic devastation looms on a Good Friday like no other MADRID (AP) — As Christians around the world observed a Good Friday like no other, at home watching livestreams instead of at church, pressure was mounting on governments to restart some industries and fend off further economic devastation from the coronavirus. Worldwide, the death toll headed toward 100,000, with the confirmed number of infected people topping 1.6 million, according to Johns Hopkins University. Another 355,000 have recovered. The true numbers are believed to be much higher because of limited testing, different rules for counting the dead and cover-ups by some governments.
ABBV proves not all pharma stocks are good buys right now Investors, like the entire the market, and like all of us seem anxious to find some kind, any kind of reason to see hope in the future – either for the prospect of seeing some form of a “return to normal” for the U.S. at large. Get the kids going back to school, churches open for worship, sports leagues to start competing again, and businesses to get things restarted more
Aspen Aerogels, Inc. (ASPN) Buy Target $6.62 Sell Target $8.18 Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide.
FDA warns Alex Jones to stop pitching bogus virus remedies WASHINGTON (AP) — U.S. health officials are warning conspiracy theorist and radio host Alex Jones to stop pitching bogus remedies for the coronavirus. The Food and Drug Administration sent a warning letter Thursday ordering Jones to stop falsely claiming that toothpaste, mouth wash and other products sponsored by his show can help prevent COVID-19.
Consumer prices slump as virus suppresses spending WASHINGTON (AP) — Consumer prices fell 0.4% in March, the largest decline in five years, revealing the downward pressure that the coronavirus pandemic is exerting on the cost gasoline, airfares, hotel rooms and other goods and services. Last month’s decline was the largest monthly drop since January 2015, the Labor Department said Friday. Consumer prices rose a slight 0.1 percent in February.
Stocks We’re Watching
Pluristem Therapeutc (NASDAQ: PSTI): Shares of Pluristem Therapeutics climbed more than 65% to nearly $7 days after the company reported promising results from a small study of patients suffering complications due to the novel coronavirus.