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What A Day

The Incredible Shrinking Economy

  • New GDP data show the economy shrank at a 4.8% annual rate in January, February and March. That’s the worst quarterly decline since the 2008 recession, and unfortunately, the current quarter is probably going to be worse.
  • There’s an experimental drug called Remdesivir that the FDA is reportedly planning to approve for emergency use in treating symptoms of Covid-19. It’s not a cure, but some early trial data show that it reduces the length of the disease for some patients.
  • And in headlines: a 1-mile asteroid picks the wrong time to scare Earth, NCAA to allow athletes to make money, and “Trolls World Tour” brings equal parts pain and pleasure.

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