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Are pharma companies are trying to profiteer from Covid-19 vaccines

If a vaccine proves too expensive or difficult to obtain, those who seek exorbitant profits off of it will be scrutinized far more closely than bankers were after the 2008 crash. Actions like those that have already allowed insiders to pocket $80 million will provoke public revulsion, even if those trades were pre-scheduled. Calls to regulate sectors that take for granted intellectual property protections will grow exponentially. Those demands won’t be fanatical or radical, but mainstream.

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WHO says China team interviewed Wuhan scientists over virus origins

The results of the WHO investigation are keenly awaited by scientists and governments around the world, none more so than Washington, which lobbied hard for the mission. The
“The team had extensive discussions with Chinese counterparts and received updates on epidemiological studies, biologic and genetic analysis and animal health research,” Christian Lindmeier told reporters, saying these included video discussions with Wuhan virologists and scientists.
Trump administration accuses the WHO of being China-centric and plans to leave the agency over its handling of the pandemic.

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Virgin seeks to revive supersonic commercial flight — but faster

The aircraft’s draft design showed a plane with a triangular “delta wing” carrying between nine and 19 passengers at an altitude of more than 60,000 feet, or 18,000 meters — about twice as high as normal commercial flight.

The plane would take off and land at existing airport runways.

Virgin Galactic said its team would “work to address key challenges in thermal management, maintenance, noise, emissions, and economics that routine high speed commercial flights would entail.”

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COVID-19 long-term toll signals billions in healthcare costs ahead

Bruce Lee of the City University of New York (CUNY) Public School of Health estimated that if 20% of the U.S. population contracts the virus, the one-year post-hospitalization costs would be at least $50 billion, before factoring in longer-term care for lingering health problems. Without a vaccine, if 80% of the population became infected, that cost would balloon to $204 billion.

Some countries hit hard by the new coronavirus – including the United States, Britain and Italy – are considering whether these long-term effects can be considered a “post-COVID syndrome,” according to Reuters interviews with about a dozen doctors and health economists.

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Not everyone in coronavirus-hit family susceptible to disease:Study

“Different people have different immunity to the virus. Within a household, we do not follow social distancing rules or use masks. Between the appearance of the symptom and diagnosis, there is a gap of three to five days, which means all the family members are exposed to the virus. But still, not all get it,” Dileep Mavalankar,director, Indian Institute of Public Health Gandhinagar said.
He suggested that a “large percentage of population may not be susceptible to the virus,” and said the sero-surveillance study to measure antibodies against Covid-19 in the population would be helpful to find out exactly how many persons have already been infected.

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U.S.consumer spending presses ahead; declining income poses challenge

The extra unemployment checks are worth about $75 billion per month and accounted for nearly 5% of personal income in June. A staggering 30.2 million Americans were receiving unemployment checks in the week ending July 11. Though government welfare payments have been declining after jumping 110% in April, unemployment benefits increased 8.5% in June.
Consumers socked away $1.3 trillion over the last three months. Savings funded spending last month, pulling the saving rate down to a still-high 19% from 24.2% in May.

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