The industry hardest hit by the movement restrictions introduced by governments around the world is air travel, with a growing list of airlines announcing huge capacity reductions as customer demand evaporates. Boeing Co. has asked White House and Congressional officials for short-term aid for itself, suppliers and airlines, as the industry rushes to tap emergency credit lines. President Trump signaled support for carriers, saying the government will back them 100%. (Bloomberg)
A potential COVID-19 vaccine from Moderna has moved into human testing, with the first participant receiving treatment on Monday. A total of 45 healthy adults will receive one of three dose levels of the candidate vaccine, called mRNA-1273, and will be followed for 12 months after receiving the second vaccination. The primary endpoint is safety, including the expected adverse events such as excessive immunological responses and injection site reactions. The secondary endpoint is the robustness of the immune response. (SA)
The volatility isn't over yet following Wall Street's worst day since the 1987 crash. U.S. stock futures soared overnight and even hit a 4% "limit up" halt at one point, before plunging into the red, only to resurface moments later. Although the contemporary crisis is loaded with bad news, the problem is the unknown, Give me bad news any day over complete uncertainty. (CNBC)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.