Expectations that the brutal numbers would turn around in the third quarter are being tempered.
Category: Sales Management
The economy is no longer Americans top concern heading into the 2020 election
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It’s not always the economy, after all.
In prior elections, fears about the economy have always been top of mind for Americans heading to the polls. But voters say that their top political concern heading into the 2020 election are the ongoing COVID-19 pandemic and public health, according to data from a Fortune-SurveyMonkey poll of 2,802 U.S. adults between July 17 and 21.
The survey found that 37% of people say the coronavirus pandemic would be the number one issue on their minds if they went to the polls today. The economy took the number two slot, but virus fears beat economic worries by a longshot with a 13-point spread between the two. Race relations and racism were also of high concern to voters with 15% … Read the rest
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on June 10.
Roche tried to see if its arthritis drug could fight coronavirus. It didn’t work
Good afternoon, readers.
Drug development is a weird business. It’s crucial during a pandemic and the companies trying to make drugs have to get creative in emergency moments like this.
That’s why a whole lot of pharmaceutical firms have been testing out whether their own existing products can fight the coronavirus. Roche is one of them—and, unfortunately, on Wednesday announced that the gambit didn’t work out.
The Swiss drug giant was attempting to see whether or not Actemra, an anti-inflammatory which treats rheumatoid arthritis, could be promising for patients who had been hospitalized for COVID-19 with severe symptoms.
The company said in a statement that the trial of this drug failed both its primary and secondary goals: improvement in health for those with COVID-associated pneumonia as well as lowering the risk of death for these patients.
It’s a disappointing development. But it doesn’t mean that an old drug can’t learn … Read the rest
Quibi actually got 10 Emmy nominations—and other surprises
The Emmy Award nominations announced Tuesday included some snubs and surprises.
The force is strong with this one
“The Mandalorian” — maybe thanks to Baby Yoda — snagged a surprising 15 nominations, mostly technical nods for things like production design, costumes, stunts, makeup and cinematography.
But it also earned Disney+ a nod for guest actor in a drama series for Giancarlo Esposito and a spot in the best drama race. It had gotten no nominations at the Golden Globes.
“The Mandalorian” stars Pedro Pascal as the mysterious title character, navigating his way through the Star Wars galaxy. The show has helped boost Disney and proven that there is a lot more life in the Star Wars franchise outside of the Skywalker Saga.
One of the hit characters from the show resembles a baby version of Yoda. A second season for “The Mandalorian” is coming in October
Yes, somebody is watching
… Read the restEd Yardeni says investors might be 'delusional' and the market is primed for a pullback
The president of Yardeni Research joined CNBC's "Halftime Report" to discuss market moves and his new note, in which he wrote that growth investors are "punch drunk."
Herd immunity works—if you don’t care how many people die
From Wall Street to Main Street, much hope in the COVID-19 crisis has been placed on “herd immunity,” the idea that a sufficient number of people will eventually develop antibodies to stop virus spread and curtail the pandemic. That thinking is behind President Donald Trump’s insisting, “The virus will disappear. It will disappear.”
The Swedish government chose to pursue herd immunity during the spring when COVID-19 overwhelmed many European nations, favoring voluntary control measures over strict lockdown procedures. This week, 21 Swedish infectious diseases experts denounced the policy, writing, “In Sweden, the strategy has led to death, grief, and suffering and on top of that there are no indications that the Swedish economy has fared better than in many other countries. At the moment, we have set an example for the rest of the world on how not to deal with a deadly infectious disease.”
The United Kingdom also … Read the rest
Police and protesters clash in Portland and cities across the U.S. in violent weekend
The unrest Saturday and early Sunday stemmed from the weeks of protests over racial injustice and the police treatment of people of color that flared up after the May 25 death of George Floyd in Minneapolis.
How the GOP plans to replace the extra $600 unemployment benefit, saying it ‘paid people to stay at home’
Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox.
White House Chief of Staff Mark Meadows said the Republican stimulus bill will contain an extended unemployment-benefit proposal to replace 70% of jobless individuals’ lost wages.
Appearing Sunday on “This Week” on ABC, Meadows said the proposal, to be unveiled by Senate Majority Leader Mitch McConnell on Monday, won’t revive the $600 supplemental unemployment payments that were part of the stimulus passed in March and expired last week.
“The original unemployment benefits actually paid people to stay at home” and the administration and Republican-led Senate isn’t going to do that again, Meadows said.
Of the proposal to be offered by McConnell, Meadows said, “We are going to be prepared 70% of whatever the wages you were prior to being unemployed,” adding, “hopefully to get people back … Read the rest