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Corporate Insiders Pocket $1 Billion in Rush for Coronavirus Vaccine

On June 26, a small South San Francisco company called Vaxart made a surprise announcement: A coronavirus vaccine it was working on had been selected by the U.S. government to be part of Operation Warp Speed, the flagship federal initiative to quickly develop drugs to combat Covid-19.

Vaxart’s shares soared. Company insiders, who weeks earlier had received stock options worth a few million dollars, saw the value of those awards increase sixfold. And a hedge fund that partly controlled the company walked away with more than $200 million in instant profits.

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Coronavirus Testing Labs Again Lack Key Supplies

Labs across the country are facing backlogs in coronavirus testing thanks in part to a shortage of tiny pieces of tapered plastic.

Researchers need these little disposables, called pipette tips, to quickly and precisely move liquid between vials as they process the tests.

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Trump says virus in US will get worse before it gets better

WASHINGTON (AP) — President Donald Trump warned on Tuesday that the “nasty horrible’” coronavirus will get worse in the U.S. before it gets better, but he also tried to paint a rosy picture of efforts with governors to conquer the disease that has claimed more than 140,000 American lives in just five months.

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