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Premier League Soccer Season Will Resume June 17: Virus Updates

Safety guidelines are yet to be issued by the government and decisions will remain subject to the government’s strategy for suppressing the virus while moving away from lockdown.

Play was suspended on March 13. When it restarts next month, it will have been exactly 100 days since Leicester City’s 4-0 win over Aston Villa on March 9, which marked the last game played in the season before the pandemic forced the suspension of play…CLICK for complete article

Charting the Rise and Fall of the Global Luxury Goods Market

The Rise and Fall of the Global Luxury Goods Market

Global demand for personal luxury goods has been steadily increasing for decades, resulting in an industry worth $308 billion in 2019.

However, the insatiable desire for consumers to own nice things was suddenly interrupted by the coming of COVID-19, and experts are predicting a brutal contraction of up to one-third of the current luxury good market size this year.

Will the industry bounce back? Or will it return as something noticeably different?

A Once Promising Trajectory

The global luxury goods market—which includes beauty, apparel, and accessories—has compounded at a 6% pace since the 1990s.

Recent years of growth in the personal luxury goods market can be mostly attributed to Chinese consumers. This geographic market accounted for 90% of total sales growth in 2019, followed by the Europe and the Americas…CLICK for complete article

China’s Newest COVID-19 Outbreak Shows Virus May Be Mutating

During the earliest days of the pandemic, when medical journals like The Lancet were publishing some of the first non-peer-reviewed studies about the virus by scientists and researchers in China, experts warned about mutations in various strains of the virus, though they insisted that there was still no evidence to suggest that the virus was evolving into something more dangerous and more infectious.

Since then, a flood of new research has been published, and scientists have discovered more discouraging signs of mutation in samples of the virus. And yet, medical experts including Dr. Anthony Fauci have seemed at times overly eager to dismiss these mutations, and claim – without evidence – that there was no reason to believe the virus was evolving and changing in a way that might complicate efforts to create a vaccine.

Which is why we’re highlighting this Bloomberg report from yesterday describing the latest findings from doctors and researchers in northeastern China who are seeing the coronavirus manifest differently among patients in this new cluster, suggesting that the virus may indeed by changing in unknown ways and complicating efforts to stamp it out. CLICK for complete article

Ahead of the quarterly results released May 14, Aurora Cannabis stock was down about 74% year-to-date, ravaged by the broader market weakness orchestrated by the onset of the COVID-19 pandemic and its subsequent impact on the global economy.

After adding about 15% ahead of the earnings release, the stock jumped 69% May 15 to $11.20. The Canadian cannabis company reported net revenue growth of 18% for the fiscal year 2020 third quarter. The adjusted EBITDA loss narrowed from CA$80.3 million ($57.8 million) to CA$45.9 million ($33 million)…CLICK for complete article

The University of Oxford, which is partnering with large-cap pharma AstraZeneca plc to develop a vaccine for SARS-CoV-2, could lead the pack in advancing its vaccine candidate to the next stage.

The university is one of the eight companies and institutions that have advanced their candidates to human testing, according to the latest World Health Organization statistics.

Phase 1 Results In Mid-June

About 1,000 people have been vaccinated in the first phase of the vaccine program, which is going as planned and without safety scares, Prof. John Bell, regius professor of medicine at the Oxford University, reportedly told BBC Radio 4’s Today program.

Results of the Phase 1/2 trial that is underway could be available by mid-June, Bell said.

“We also want to make sure that the rest of the world will be ready to make this vaccine at scale so that it gets to populations in developing countries, for example, where the need is very great.” CLICK for complete article

Where COVID-19 is Rising and Falling Around the World

Where COVID-19 is Rising and Falling Around the World

It’s been just over two months since New York declared a state of emergency, and global stock markets were hammered as the fears of a full-blown crisis began to take hold.

Since then, we’ve seen detailed, daily coronavirus coverage in most of the major news outlets. With such a wealth of information available, it can be hard to keep track of the big picture of what’s happening around the world.

Today’s graphic, adapted from Information is Beautiful, is an efficient look at where the virus is fading away, and where new infection hotspots are emerging.

The Ebb and Flow of Coronavirus Cases

First, the good news: the number of new confirmed COVID-19 cases has started to level off on a global basis. This metric was rising rapidly until the beginning of April — but since then, it has plateaued and is holding steady (for now)…CLICK for complete article