As everyone probably knows, they've been testing Remdesivir, developed originally to fight ebola. Today Dr. Fauci announced that they were going to stop testing with a placebo group vs. a group that gets the drug, because it was clear the drug helps. He said that the median recovery time for patients taking the drug was 11 days, compared with 15 days in the placebo group. There was a mortality rate of 8% for the group receiving Remdesivir versus 11.6% for the placebo group
Gilead, the lab that developed Remdesivir, simply announced that in their own testing, 50% of people getting a five-day dose of Remdesivir saw improvement.
Dr. Fauci compared this to when the first drugs were found to be helpful in the fight against AIDS. No one drug immediately solved the problem, but the first one that helped was encouraging.
Who was really encouraged was the stock market! (And me, who had been thinking getting Covid-19 would doom me to having a stroke or heart damage or just be an automatic death sentence.) Anyway, the market bounded upward at the news, though Gilead's stock, while it did go up, didn't go as crazy as one might expect. (Maybe the analysts read the news as "only" 50% of people improved). But the market on the whole clearly thought the glass was half full, not half empty. lol