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US Pres. Trump: Twinning the Malaria drug with another is looking like good way to fight COVID-19

Following the disappointment from the US Senate, President Donald Trump showed readiness to keep working on the bill while also showing a promising sign of a drug recovery to combat the coronavirus (COVID-19) during Monday’s virus task force conference.

Key quotes

Twinning the Malaria drug with another is looking like good way to fight COVID-19.

Government working to obtain large quantities of Chloroquine.

Chloroquine to be distributed in NY tomorrow.

There's a real chance it could have a tremendous impact.

Continuing to work with Republicans and Democrats on capitol hill on stimulus bill.

Will not let cure be worse than the problem.

After 15-day guidance expires, he will decide on how to reopen US economy.

Will not let coronavirus turn into long-lasting financial problem.

Market implications

With the hints of possible drug recovery, the market’s risk-tone turned positive after the news. That said, the US stock futures currently mark close to 1.75% profits despite Wall Street’s losses the previous day.

Australia Commonwealth Bank Composite PMI dipped from previous 49 to 40.7 in March

Australia Commonwealth Bank Composite PMI dipped from previous 49 to 40.7 in March
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