WHAT YOU NEED TO KNOW

U.S. stocks and global markets are down this morning following a newly obtained U.S. intelligence report and remarks from Secretary of State Mike Pompeo on Sunday that the Chinese government concealed the severity of the coronavirus outbreak to stockpile medical supplies for its own residents. Pompeo added that there is “enormous evidence” that the virus was created in a lab in Wuhan, but did not address conflicting conclusions from U.S. intelligence that the virus was not man-made.

Authorities around the globe have initiated similar probes into China’s responsibilities for the outbreak, including Australian officials who are questioning the origin of the virus and Britain’s Defense Secretary’s remarks that China has “questions to answer” regarding the country’s communication of the virus’s presence. 

The automotive industry in Europe has entered a precipitous stage, posing the question of whether the pandemic will reduce demand for cars due to economic recession or boost demand due to fears of infection on public transportation. In Texas, one auto dealer said March was his worst month in 42 years of car sales, but experts say car dealerships can use large discounts to generate demand and cash flow to continue operating through COVID-19. Even so, U.S. car manufacturers say that if their supply chain link in Mexico remains inactive, they will not be able to restart production at all

J. Crew this morning became the first national US retailer to file for bankruptcy protection due to the coronavirus pandemic, showcasing the latest strain on the retail industry. 

At least 30 states have begun to allow businesses to operate or have plans to this month as coronavirus cases continue to hold steady, including hard-hit New York where government officials are opening some outdoor public areas as the weather warms for springtime. 

Oklahoma City has reversed a mask requirement mandate days after its inception following reports of physical altercations and firearm threats towards store employees at newly reopened businesses and restaurants. Texas governor Greg Abbott began reopening select businesses and movie theaters this weekend despite the state’s first consecutive three-day period of more than 1,000 cases per day.

An anonymous donation of $1 million was made to Dominican Hospital in Santa Cruz, CA where every employee will receive a bonus on their next paycheck. Mark Zuckerberg and Priscilla Chan donated $13.6 million toward a nine-month research project analyzing the COVID-19 spread in the Bay Area. 

Europe Takes Its First Baby Steps Toward a Post-Lockdown Normal – Bloomberg – 5/4/2020
Europe is gingerly trying to get back to business, with restrictions loosening across the continent as the spread of the coronavirus slows. The German Spy Museum in Berlin opened its doors for the first time in weeks, and bars in central Rome began offering takeaway services. In Vienna, shaggy-haired Austrians flocked to barbers’ shops when they reopened on Saturday and students with final-year exams are returning to school.

Covid-19 has shuttered labs. It could put a generation of researchers at risk – STAT – 5/4/2020
The situation has hit early-career researchers particularly hard. Their funding — and their futures — depend on quickly gathering data to publish in prestigious journals. Without additional financial support and an extension of tenure clocks, some scientists who have just started their own labs fear the delays to their studies may be too disruptive to overcome.

What We Know About Crises And Domestic Violence — And What That Could Mean For COVID-19 – FiveThirtyEight – 5/4/2020
So while we have solid, empirically derived reasons to believe that COVID-19 might increase the rate of domestic violence across the country, we don’t have the numbers to back that claim. That can make the issue feel less real to the public and to policymakers, even though, due to the impact of COVID-19, the increase in intimate partner violence (IPV) — i.e., physical, psychological or sexual harm in an intimate relationship — may be significant.

What We Lose When We Go From the Classroom to Zoom – The New York Times – 5/4/2020
Each type of classroom presents distinct challenges and pleasures, but they all have one thing in common. In these classrooms, students meet one another as apparent equals. They sit in the same chairs. Now we have lost our classrooms and, I fear, something vital along with them.

How Babe Ruth beat a pandemic, twice – New York Daily News – 5/3/2020
In 1918, two seasons before Ruth joined the New York Yankees, he was a star pitcher with the Boston Red Sox and beginning to establish himself as a power hitter — the very first power hitter in baseball. […] But something else also happened to him in 1918. He contracted the Spanish flu — influenza — and not just once, but twice. The history is worth remembering as New York and America struggle to overcome the coronavirus.

WHAT INFLUENCERS ARE SAYING

To view each social media post, click on the date link within the post. 

Tedros Adhanom Ghebreyesus @Tedros Adhanom Ghebreyesus 4 May 10 days ago @WHO & @EU_Commission cohosted the launch of the ACT accelerator & today the world is coming together to fund vaccine & therapeutics R&D to help achieve the vision of swift, quality, equitable solutions to end the #COVID19 pandemic. Together!

Neil Best @Neil Best 4 May  At this point it would not surprise me if I open up my virtual newspaper tomorrow and learn @AROD has developed a safe and effective COVID-19 vaccine.

Darren Levin @Darren Levin 4 May Not sure what will happen first: a vaccine for Coronavirus or me getting through 12 episodes of Normal People

Joshua Gans @Joshua Gans 4 May This has to be done right now. It also needs to be done with international coordination and a view to how the vaccine will be distributed. These are big issues. The AMC proposal is the start.

Michael Tackett @Michael Tackett 4 May “We’re not really in a competition against each other. We’re in a race against a pandemic virus, and we really need as many players in that race as possible,” Dr. Andrew Pollard, who is leading the University of Oxford’s vaccine study, told @LNeergaard

CONTENT FACTS

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