The stock market is on a tear after it is disclosed that an anti-viral drug from Gilead Sciences shows promising COVID-19 therapeutic effectiveness ... see: IB Times. A frowning Nancy Pelosi and most House Democrats denounce this revelation as fake news! “So, Trump must be in cahoots with his Wall Street buddies and stands to make a financial killing,” says a sneering Senator Elizabeth Warren.
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Gilead said it expected results from the trial by the end of the month.
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"We understand the urgent need for a COVID-19 treatment and the resulting interest in data on our investigational antiviral drug remdesivir," the company said in a statement to CNN. But it said a few stories about patients are just that -- stories.
"The totality of the data need to be analyzed in order to draw any conclusions from the trial. Anecdotal reports, while encouraging, do not provide the statistical power necessary to determine the safety and efficacy profile of remdesivir as a treatment for Covid-19," Gilead said.
There is a wide gap between cautious optimism and hopeful pessimism.
And that "gap" is where "fake" thrives.
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