CDC researchers have discovered new clues about transmission of the virus among young adults . . . to the older population.
Its researchers found that, from June through August, the incidence of the virus was highest among adults in their 20s. These young adults accounted for more than 20% of all confirmed coronavirus cases.
The problem is the infections and new coronavirus cases didn’t stop with them.
Young adults may have seeded waves of new coronavirus cases among middle-aged Americans . . . and then in older Americans.
This is likely why the number of confirmed daily coronavirus cases has surged 25% since mid-September.
The new data show that outbreaks linked to parties, bars, dormitories, etc. are hazardous not just to the 20-somethings present.
But they are very hazardous to more vulnerable Americans. These are those people with whom the young are likely to come into contact.
Dr. Tom Inglesby, director of the Center for Health Security at Johns Hopkins Bloomberg School of Public Health, commented. . . . .
He said the patterns are “yet more evidence that the concept proposed by some — cocoon the elderly, and let young people get sick because they will not have bad outcomes — will not work.”
Inglesby added, “The young and the old are all connected in our world.”
So true. And yet, it’s such a hard concept to get across.
The Big News
Covid Misinformation and the President
Researchers at Cornell University analyzed 38 million articles about the pandemic in English-language media around the world. They found that mentions of the President made up nearly 38% of the overall “misinformation conversation,” This made President Trump the largest driver of falsehoods involving the pandemic. The most prevalent topic of misinformation was “miracle cures.” That accounted for more misinformation than the other top 10 topics combined.
Moderna Vaccine Not Ready Until After Election
Moderna CEO Stéphane Bancel dealt a blow to President Trump’s hopes of having a vaccine ready before the election. He said his company would not be able to apply for authorization until late November. He added that he did not expect to have full approval to distribute the vaccine widely until next spring at the very earliest.
Hopes for a ‘Skinny’ Stimulus Bill
House Democrats have proposed a new, less expensive $2.2 trillion aid package. House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin spoke at length on Tuesday. The hope is to reach a deal for coronavirus relief before the election on Nov. 3. The new bill does include another round of $1,200 direct checks to taxpayers, plus $500 per dependent. It would also extend the Paycheck Protection Program.
Airlines Want $10 Covid Tests to Replace Quarantines
Airlines want international travelers to take a quick $10 COVID-19 test at the airport. This would remove the need for the quarantine measures that are hurting the industry. The International Air Transport Association (IATA) has thrown its weight behind a 15-minute test. It hopes the test kits would be ready “in the coming weeks.” IATA cited both Roche and Abbott labs as possible providers of the tests.
Alexa as a Doctor?
Researchers are exploring ways to use voices to diagnose people’s diseases. Scientists are using artificial intelligence (AI) to recognize when a condition is disturbing the delicate balance between the brain, nervous system and vocal anatomy. Even the words you use can be a sign of illness. For example, a shrinking vocabulary may indicate a neurodegenerative disease. The voice-analysis firm Vocalis is involved in the research.
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Coronavirus Cases: The Numbers
Here are the numbers from Thursday at 8 a.m. ET from Johns Hopkins University:
- 34,010,539 Infected Worldwide
- 1,014,958 Deaths
- 7,234,257 Infected in the U.S.
- 206,963 Deaths in the U.S.
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The stock market just finished its worst month since March. The S&P 500 finished down about 4% in September.
The Dow Jones industrials fell 2.3% last month while the Nasdaq was more than 5% weaker for September.
Yesterday though, the S&P 500 rallied and closed above its 50-day moving average.
The next major level higher is 3,400 and then the Sept. 16 intra-day high at 3,428.
Cyclical stocks still lag. That leaves investors searching elsewhere for growth.
That search usually leads to U.S. tech stocks amid a slow recovery from the pandemic.
A vaccine could help in the economic recovery.
But it’s also no silver bullet. Some economic problems have been years in the making.
One bright spot remains the IPO market.
The amount raised in IPOs so far this year is ahead of even the crazy dot-com days.
According to Renaissance Capital, we had the busiest IPO deal count for a third quarter since 2000.
That still has me favoring many IPOs, which have worked well in the pandemic.
Yours in Health & Wealth,