4 ms·
Stock futures are up 3% on this news so there appears to be something to this.
by smallgovt 6y ago
Stock futures are up 3% on this news so there appears to be something to this.
- deleted 6y ago[deleted]
- Leary 6y agoGilead itself is up 16%, which would be a 52 week high.
- empath75 6y agoIt’s an extremely difficult drug to manufacture and they may not be able to ramp it up in the next few months. Which is to say it’s good news for the second wave that’s coming but we can’t open up yet.
- jlokier 6y agoIf it works well, and the only problem is manufacturing, there's an entire planet full of emergency-funded researchers and manufacturing engineers who would be very interested in solving the fast manufacturing problem. It sounds a lot easier than the problem of finding good drugs in the first place, to be honest.
- jandrese 6y ago3% in the futures market is just noise.
- smallgovt 6y agoIf you were doubting that the +3% market movement was primarily driven by this news, take a look at the markets at 12:40PM today when negative news of clinical trials for the drug were released. Again, direct minute by minute correlation btw SPY dropping and GILD news.
- loopz 6y agoThe rally from bottom isn't though. Infinite currency makes for risk on.
- gnicholas 6y agoIt's now up 13%, and was up by 16% when NBC reported. https://www.cnbc.com/2020/04/16/gilead-stock-surges-after-report-says-coronavirus-drug-trial-shows-encouraging-early-results.html https://www.cnbc.com/2020/04/16/gilead-stock-surges-after-re...