WHAT YOU NEED TO KNOW
Today marks the 50th Edition of the Turbine Labs COVID-19 Daily Executive Briefing. Our goal has been to deliver news and insights that are objective and relevant, and we will continue to do so for the foreseeable future. Please feel free to share this briefing with a friend or colleague by forwarding or clicking here.
The Trump administration said it is prepared to send 50 states enough tests to screen at least 2% of the residents for coronavirus as parts of the economy begin reopening, though experts warn coronavirus deaths could continue rising in coming weeks. The White House also offered a blueprint , outlining how the federal government could assist states with testing efforts.
The White House coronavirus response coordinator, Dr. Deborah Birx, said the U.S. needs a “breakthrough” in testing technology in order to screen large numbers of people. The breakthrough lies in antigen testing, which unlike the current coronavirus tests, looks for pieces of the virus, similar to how one is tested for the flu.
U.S. stock futures are up despite oil’s weakness as the U.S. benchmark has fallen more than 30% this week. Blue-chip companies like Starbucks and Ford are scheduled to report their earnings while Southwest reported its first quarterly loss in 11 years. 3M, the maker of N95 masks, reported its first-quarter earnings which topped expectations as the company cites an increase in demand for personal safety products amid the pandemic.
Japan is leaning toward a consensus that holding the postponed Tokyo Olympics may hinge on finding a vaccine . Japan’s medical association president said the Olympics will only be possible if infections are under control not just in Japan, but globally.
A trial vaccine from the University of Oxford is showing early signs of promise after it was given to six macaque monkeys that remained coronavirus-free 28 days following sustained exposure to the virus.
Some restaurants began inside-dining on Monday as more states ease lockdown restrictions. For the first time in weeks, a restaurant in Tennessee saw its first lunch rush and a BBQ joint in Georgia hung an open sign on the door. Despite states’ decision to reopen, many restaurant owners are wary, choosing to remain closed or takeout-only until further notice.
Looking at coronavirus strategies globally, Vietnam appears to be successfully flattening the curve with only two new infections reported in the last 10 days. New Zealand is also being applauded as the country emerges from its five-week strict lockdown orders . Meanwhile, Britain is on track to become one of Europe’s worst-hit countries with already 20,000 reported deaths.
These discrepancies are being compiled in a database for the World Health Organization. A university in London is gathering the information on hundreds of different intervention measures used worldwide to better understand factors that led to the disease’s spread and which control methods, like school closures and restrictions on people’s movement, worked.
Doordash, a food delivery service, is now offering a “Lunchroom” that consists of virtual backgrounds in an effort to recreate some favorite restaurant dining rooms for users as they eat meals over video conferencing sites.
NAVIGATING THE PANDEMIC
How 2 CEOs outside of the health care industry decided to get it on the fight against coronavirus – Fortune – 4/28/2020
During World War II, American industry mobilized to support the military. Now, in the midst of the coronavirus pandemic, American industry is stepping up to support the battle against COVID-19. Companies both large and small have shifted gears to produce needed supplies, fill gaps in the supply chain, and offer their expertise to bolster public health efforts. “Even though these are terrible times, I can’t help but feel we are in the middle of a global master class in crisis innovation,” McGirt said. “People are conjuring up new solutions to help the world with the capabilities they already have.”
Will the Pandemic Save Big Pharma’s Reputation? – OZY – 4/28/2020
As the coronavirus rages, reshaping society and devastating the economy, pharma giants are seeing gains — in stocks and in a surprising shift in public opinion. Gilead Sciences, primarily known for its antivirals treating HIV and hepatitis, has seen its stock go up as Wall Street and Main Street alike watch to see if its drug Remdesivir could be the fix to get us back out of our homes again.
The US already has the technology to test millions of people a day – MIT Technology Review – 4/28/2020
There is widespread agreement that the only way to safely reopen the economy is through a massive increase in testing. The US needs to test millions of people per day to effectively track and then contain the covid-19 pandemic. This is a tall order. The country tested only around 210,000 people per day last week, and the pace is not increasing fast enough to get to millions quickly. The urgency to do better is overwhelmingly bipartisan, with the most recent legislation adding $25 billion for testing a few days ago.
With Campuses Closed, College Tours Move Online – The New York Times – 4/28/2020
“When you’re doing these college visits, you go and sit somewhere on campus with your mom and dad next to you and you watch the kids. You can hear the sounds and smell the smells. You can see yourself being there,” said Sunil Samuel, an admissions officer at Hofstra University in Hempstead, N.Y. “We’re trying the best we can to deliver that virtually.”
When will the Disney parks reopen? – The Points Guy – 4/28/2020
More than 100,000 Disney employees, known as cast members, have been furloughed effective last week. While the park closure within the U.S. was initially announced as running only through April 1, here in late-April, the gates to the magic remain locked with no announced reopening date. […] Time will tell how consumers react to a reopened theme park before a coronavirus vaccine is widely available, but it’s clear that the theme parks are hoping to open well before 2021, possibly (and perhaps, likely) as early as this summer.
WHAT INFLUENCERS ARE SAYING
To view each social media post, click on the date link within the post.
BBC News (UK) @BBC News (UK) 28 Apr The Uber driver evicted from home and left to die of coronavirus
Katherine Khashimova Long @Katherine Khashimova Long 27 Apr Landlords are frustrated by some tenants’ and electeds’ calls for a rent strike during the pandemic. “We don’t have some magic pot of money,” said Bart Flora. Two buildings he manages are thinking of striking. w/ @DBeekman @sydbrownstone @ErikaJSchultz
Rachel Yonkunas @Rachel Yonkunas 27 Apr Many college students are stuck with paying rent for empty apartments after universities shut down campuses. Students and parents are wondering if they can get out of their lease agreements. We looked into their options. @fox43
Shailja Patel @Shailja Patel 27 Apr “At least 400 hundred families who live in buildings each containing over 1,500 rent units are coordinating building-wide rent strikes, according to Housing Justice For All, a New York-based coalition of tenants and housing activists.” ~ @natashalennard
NBC News @NBC News 27 Apr A housing association representing the richest zip code in America was approved to receive $2M of emergency coronavirus relief from the small business loan program, despite suffering no layoffs and no apparent financial impact from the pandemic.
Turbine Labs has tracked 81,767 media articles and blogs over the last 24 hours and 5,194,397 social media posts over the last 24 hours.