The pandemic is a “humanitarian disaster,” as noted by CNN.
And there’s no slowdown in sight.
In fact, it’s only expected to get worse, as some health officials warn of potential lockdowns.
“We are seeing Covid-19 hotspots raging all over the country and right now we have an opportunity to implement targeted measures like universal mask wearing, like making sure that high risk businesses like bars in certain areas are shut down, like instructing the public that we should be avoiding social gatherings of extended family and friends,” said Former Baltimore Health Commissioner Dr. Leana Wen, as quoted by CNN. “But if we don’t do these things now, we’re going to be overwhelming our health systems and then a lock down may be necessary.”
In short, we have a major disaster on our hands.
Some of the stocks running higher on the news include Moderna, Pfizer, and BioNTech. Telehealth stocks, like Teladoc are picking up momentum again, as are video conferencing stocks, like Zoom Video.