Categories: Market Overview

No ‘silver bullet’ to defeat coronavirus and ‘there might never be’

The World Health Organization said Monday there may never be a magical cure for the coronavirus even as scientists and drugmakers across the globe race to find a safe and effective vaccine.

Scientists have made progress in identifying treatments that can help people with the most severe forms of Covid-19, and a number of vaccines are in late-stage trials, WHO Director-General Tedros Adhanom Ghebreyesus said during a press conference from the agency’s Geneva headquarters. “However, there is no silver bullet at the moment and there might never be.”

Tedros wasn’t asked about Russia’s claims that it will be ready to start mass inoculations in October. There are no-FDA approved drugs for the coronavirus, which has infected more than 18 million people worldwide and killed at least 689,625, according to data compiled by Johns Hopkins University.

However, public health officials say there is no returning to “normal” until there’s a vaccine. There are more than 150 vaccines under development worldwide, according to the WHO. At least 25 are already in clinical trials.

WHO reported Friday the largest single-day increase in cases at almost 300,000 new cases in 24 hours. WHO officials have warned there is no going back to the “old normal” as the coronavirus pandemic accelerates in the United States and poorer, developing countries.

WHO says there’s no ‘silver bullet’ to defeat coronavirus and ‘there might never be’, CNBC, Aug 4

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

WTI crude oil Wave Analysis 8 May 2024

- WTI crude oil reversed from support area - Likely to rise to resistance level…

2 hours ago

AUDJPY Wave Analysis 8 May 2024

- AUDJPY reversed from support area - Likely to rise to resistance level 103.00 AUDJPY…

2 hours ago

German industrial production slide brings closer ECB’s rate cut

German industrial production continues to decline. The rate of contraction in March was slightly better…

9 hours ago

US indices are heading towards highs

US indices have been gaining daily since the beginning of May. They have found strength…

10 hours ago

Persisting pressure on crypto

Market picture  The crypto market has lost 2% of its capitalisation over the last 24…

14 hours ago

S&P 500 Wave Analysis 7 May 2024

- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…

1 day ago

This website uses cookies