Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Trump administration moves to advance coronavirus treatment, possible vaccine - reports

Published 08/23/2020, 02:01 PM
Updated 08/23/2020, 04:10 PM
© Reuters. FILE PHOTO: U.S. President Trump addresses 2020 Council for National Policy meeting in Arlington, Virginia

(Reuters) - The Trump administration plans emergency approval of a new coronavirus therapeutic treatment and is considering fast-tracking a vaccine developed in Britain, according to media reports on Sunday, the day before the start of the Republican National Convention.

President Donald Trump later on Sunday will announce the emergency authorization of convalescent plasma for COVID-19, a treatment that already has been given to more than 70,000 patients, the Washington Post reported (https://wapo.st/2FR4Azi), citing officials familiar with the decision.

The action will be highlighted at a news conference scheduled for 5:30 p.m. EDT (2130 GMT), the newspaper said.

A White House spokesman declined to comment on the Post story. But White House Press Secretary Kayleigh McEnany tweeted early on Sunday that Trump's news conference would cover "a major therapeutic breakthrough on the China Virus".

Trump also tweeted: "Important White House News Conference at 5:30 (sharp) today. Very good news!"

The White House also declined comment on a separate report in the Financial Times that the administration is considering fast-tracking an experimental COVID-19 vaccine being developed by AstraZeneca Plc (L:AZN) and Oxford University for use in the United States ahead of the Nov. 3 elections.

One option being explored would involve the U.S. Food and Drug Administration (FDA) awarding “emergency use authorization” in October to the potential vaccine, which was developed by Oxford and licensed to AstraZeneca, the FT reported (https://www.ft.com/content/b053f55b-2a8b-436c-8154-0e93dcdb3c1a), citing people briefed on the plan.

Trump is looking to boost his lagging poll numbers during the Republican convention this week, and progress in treatments or an effective vaccine to gain control of the virus would aid his re-election chances.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The U.S. Centers for Disease Control and Prevention (CDC) on Sunday said the number of deaths due to the new coronavirus had risen by 1,006 to 175,651. It reported 5,643,812 cases, an increase of 45,265 cases from its previous count.

AstraZeneca denied having discussed an emergency use authorization for its potential vaccine with the U.S. government.

"AstraZeneca has not discussed emergency use authorization with the U.S. government and it would be premature to speculate on that possibility," a spokeswoman for AstraZeneca said in a statement.

The company said that the late-stage Phase 2 and Phase 3 trials for its vaccine candidate are still ongoing in Britain and other markets globally and that it did not anticipate efficacy results until later this year.

There are no approved vaccines for COVID-19, but AstraZeneca's shot, called AZD1222, is widely seen as one of the leading candidates.

Latest comments

The blame game.. the democrats have no other solution or subject.. the whole world got a piece of this pandemic.. but yet according to the democrats.. its all Trumps fault... what a joke...Trump has done more in 3 years than the Obama Biden joke.... go ahead make me laugh.. hahaha....
also fact, 8 of the top 10 states with the highest deaths per million population are led Democrats.
Did you even read the reports about Operation Warp Speed literally letting democratic states die for political reasons? Kushner had federal officers reposess PPE from blue states and give them to red states. Also, blue states have much higher population density due to more cities than rural red states.
https://www.google.com/amp/s/www.businessinsider.com/kushner-covid-19-plan-maybe-axed-for-political-reasons-report-2020-7?amp
Trump University medical center has come up with the bigliest, most amazing vaccine. Believe you me, it’s a beautiful vaccine. Dr. Trump only supplies the best vaccines. The syringes for the injection are red, white, and blue, with MAGA printed on them.
MAGA!
Plasma has been used in Europe since May. Great solution. Big pharma lobbying kept it away for this long. This is long overdue.
Trump would sell the souls of his children to come up with a vaccine before Nov 3rd. He's so blatantly desperate!! Can't just maintain his composure and tell America that we're working on a safe vaccine. It's gonna take a little time.
He is kicking *******with the cards he was dealt. You cant knock him for his approach to the exxagerated hoax. Disgusting how important the presidential seat is to Dems. If they dont get Biden in, the governors will be messing their pants in fear of the retaliation of Republican governors unseating them and Trump going after them for criminal and civil violations. They have played with fire, and we know how that ends up.
PLOZMA
Dr Donny failed at containing Covid19. For the past three months people around the world have been calling it the Trump Virus.
Did you give yourself a thumbs up? Rhetorical question I suppose.
People like you are either paid ( I hope) or you are really scary person! Please quarantine forever!
or just the vir(US)
I agree for boycott of vaccines. but big pharma needs a shot in the arm. It has been too long since they got such easy money. They are fiending and scratching their arms and licking their lips as they can already taste it. Our main street economy has just been collateral damage.
Taxpayers pay for big pharma research, then big pharma price gouges taxpayers. It’s ridiculous.
I get it....”a shot in the arm.”
Give the Dems their stinkin shots. Let the smart people choose. MAGA!
Well, China and Russia each already have their own approved vaccine for emergency use... so it's only logical the US approves one very soon
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.