View photos (Bloomberg) — Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down. The economic impact of the coronavirus has ripped through the …
Continue reading “The Next Chapter of the Oil Crisis: The Industry Shuts Down”
Farmer Carl Grooms has been planning harvests for decades but now he is getting ready to plow under his nearly ripe peppers and beans because there is no market to buy them—and he doesn’t want to watch them rot. As the coronavirus pandemic disrupts supply chains, American farmers are dumping milk, throwing out eggs and …
Continue reading “U.S. Coronavirus Forces Farmers to Destroy Their Crops”
Sen. Lindsey Graham (R-S.C.) said Saturday that he’d be “shocked” if Kim Jong Un isn’t “dead or incapacitated” amid rumors regarding the North Korean leader’s health. The South Carolina senator told Fox News’s “Justice with Judge Jeanine” that he believes the government in Pyongyang would have fought the rumors head-on if they were not true. “I’ll be …
Continue reading “Graham says he’d be ‘shocked’ if Kim Jong Un isn’t ‘dead or incapacitated’”
Researchers in Italy have found that coronavirus was detected on particles of air pollution. The researchers collected outdoor air pollution samples at both urban and industrial sites in the Bergamo province in Italy. They identified a gene specific to COVID-19 in several samples, according to the outlet. The study has not yet been peer reviewed, …
Continue reading “Coronavirus detected on particles of air pollution”
A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time as Azerbaijan will need to take drastic measures to meet its new quota under the OPEC production cut deal, three sources told Reuters on Thursday. This is rare for Big Oil, who is typically exempt from such production …
Continue reading “Oil Majors Are Forced To Cut Output Under OPEC Deal”
United States President Donald Trump stated on Friday the president of Honduras told him the country had “incredible” results in treating COVID-19 with hydroxychloroquine. The president claimed he saw both positive and negative studies about the usage of the drug, stating, however, tests should be conducted to determine whether hydroxychloroquine should be used. In addition, …
Continue reading “Honduras has ‘incredible’ results with hydroxychloroquine – Trump”
President Trump on Friday signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19 testing amid the coronavirus pandemic. The measure includes an additional $310 billion in funding for the Paycheck Protection Program (PPP), $60 billion of which is reserved for community banks and small lenders; $75 …
Continue reading “Trump signs $484 billion coronavirus relief package”
An idea that might seem outlandish at first is gaining some ground as a way to speed development of a coronavirus vaccine: intentionally infecting people with the virus as part of a trial. The idea, known as a “challenge trial,” would deliberately infect a few hundred young, healthy volunteers, who were first given either the …
Continue reading “Controversial idea to speed coronavirus vaccine gains ground”
April 21 (Reuters) – A second wave of the coronavirus is expected to hit the United States next winter and could strike much harder than the first because it would likely arrive at the start of influenza season, the director of the Centers for Disease Control and Prevention warned on Tuesday. “There’s a possibility that …
Continue reading “CDC chief warns 2nd COVID-19 wave may be worse, arriving with flu season”
Gilead disputes report that its drug flopped in coronavirus trial (Reuters) – A closely-watched Gilead Sciences Inc (GILD.O) experimental antiviral drug failed to help patients with severe COVID-19 in a clinical trial conducted in China, but the drugmaker said the study’s results were inconclusive because it was terminated early. Gilead shares fell more than 4% …
Continue reading “Gilead disputes report that its drug flopped in coronavirus trial”