Tag Archives: robert redfield

Gilead Sciences (GILD) stock price has moved up at the news that its drug remdesivir is used to treat coronavirus patients on ‘compassionate’ grounds.Gilead Sciences Inc (NASDAQ: GILD) stock has made some gains after the confirmation of the use of one of its drugs on U.S. soil. Sources say that Remdesivir is being used to treat several patients who have coronavirus. The drug is not approved by the U.S. Food and Drug Administration (FDA). Certain rules allow for the use of such mediations on...

The U.S. Treasury yields increase volatility caused by coronavirus panic as the number of confirmed cases in the country is growing.The coronavirus outbreak in the United States has now reached a red alert level after surpassing 1,000 cases and over 30 deaths. As a result, it has affected the treasury yields which is the return on investment on the government’s debt obligation. However, the United States government debt prices rose on Wednesday, after investors had hoped on imminent fiscal...