Migal...

Israel is only weeks away from developing a vaccine against the novel coronavirus. The Jerusalem Post  credited MIGAL (the Galilee Research Institute) for the breakthrough.

Israel got a jump on the coronavirus crisis because researchers had already created a vaccine against avian coronavirus Infectious Bronchitis Virus (IBV), which affects poultry, according to the Jewish Press. 

By "pure luck," the MIGAL team  realized it was genetically similar to IBV and that the infection mechanism was the same. 

The new vaccine, which would be orally administered, faces pre-clinical trials and clinical trials before mass production begins. 

Recession...

U.S. equity markets were shoved into their fastest correction in history this week as fears of the coronavirus becoming a pandemic rattled investors and stoked recession fears.

Seven days of heavy selling, including two from the previous week, left the major averages licking their wounds from their steepest weekly plunge since the financial crisis. 

“If we get this into the pandemic stage, we are going to have a recession,” Scott Minerd, managing director and global chief investment officer at Guggenheim Partners, which oversees $270 billion in assets.

“Europe has probably already slipped into a recession and China is clearly in a recession at this point. It’s just a matter of how long it takes to hit our shores.”

The coronavirus outbreak, which originated in Wuhan, China, has sickened at least 83,694 people and killed 2,861 in 53 countries, according to the latest figures from the World Health Organization.  

The fast-spreading nature of the virus caused the lockdown of hundreds of millions of people in China, paralyzing supply chains and causing demand destruction for everything from oil to iPhones to automobiles.

Bow-out...

After South Carolina, it is the time for Sen. Warren, if she cares for any one else but herself, or if she can put aside her hate for billionaires,  to withdraw or retire from an activity, role, or commitment. Just a thought.

Caution...

Businesses in Wuhan, China, are temporarily suspending operations and moving out employees in an attempt to limit the spread of a deadly coronavirus that has so far killed 80 and infected more than 2,800.

The city of Wuhan, where the virus first broke out, is one of China's biggest industrial hubs. Several large Chinese and foreign corporations operate there.

Household names including PepsiCo, German conglomerate Siemens, and French automaker Peugeot Citroen all have bases in Wuhan and the wider Hubei province.

Sunk...

Bern...

The Dems are weary of the burn.

Disaster...

As Sen. Bernie Sanders emerges from his commanding victory in last weekend's Nevada caucuses, the Democratic establishment and the party's sizable moderate wing are increasingly anxious over his steady march to the presidential nomination -- yet they lack any sort of cohesive plan to stop him.

No outside group has taken the lead to focus resources against Sanders, and there are still too many candidates left in the race for moderates to coalesce around one standard bearer.

The fear isn't just over how Sanders and his far-left platform would fare against President Donald Trump in the general election, it's also about the effect his nomination could have on down-ballot races, particularly for Democrats running in tough elections in swing districts and states.

Several Democratic presidential campaigns agree with the premise that Sanders' candidacy is bad for the party, but that's where the agreement ends. No candidates are willing to make hard decisions about the future of their campaigns until the South Carolina primary on Saturday and Super Tuesday contests three days later, when 14 states and American Samoa weigh in.

Generic...

The FDA has approved the first generic Albuterol inhaler, which could save lives and money for the 26 million Americans suffering from asthma.

ProAir HFA — better known as Albuterol — is a common treatment for people with asthma. FDA Commissioner Stephen M. Hahn, M.D. said the approval of the generic version is "part of our longstanding commitment to advance patient access to lower-cost, high-quality generic drug products that are as safe and effective as their brand name counterparts.

The inhaler is a true generic — not made by a brand-name company — which will hopefully drive the price down.

In order for the FDA to approve a generic drug, it must have the same active ingredient as the name-brand product, and it must treat you the same way and have the same overall effects.

Corona...

Stocks fell sharply once again on Thursday as investors worried the coronavirus may be spreading in the U.S. A slew of corporate and analyst warnings also dragged down the major averages.

The Dow Jones Industrial Average plummeted 462 points, or about 1.7%. The Dow briefly fell more than 900 points earlier in the session. The S&P 500 slid 1.7% while the Nasdaq Composite dropped 2%. The Dow was on pace for its worst weekly performance since the financial crisis, falling more than 8% week to date. 

Apple, Boeing and Visa were among the worst-performing Dow stocks, dropping at least 4% each. AMD and Nvidia fell 4% and 4.2%, respectively.

Friday, before the weekend, the market would further loose steam not knowing the Corona Virous impact around the globe.

Since this virous is spreading slowly and impacting the world. The best preventive measures is to quarantine, block transportation, air ports etc, then the world economy got fragmented until further notice. With that, the companies profits deteriorated.

Depending how this virous moves and impacts, a recession might be in the work.

Law ..

A federal appeals court ruled that the Justice Department can refuse to give crime-fighting money to cities and states that consider themselves sanctuaries and refuse to share information with federal immigration authorities.

The unanimous ruling from a three-judge panel of the 2nd U.S. Circuit Court of Appeals was a defeat for New York City and seven states — Connecticut, Rhode Island, Massachusetts, New Jersey, New York, Virginia and Washington. 

They sued after the Justice Department said in 2017 that it would not award grants from a federal program to local governments that withheld information about undocumented immigrants in their jails.

So-called 'sanctuary' policies make all of us less safe because they intentionally undermine our laws and protect illegal aliens who have committed crimes," Sessions said at the time. "These policies also encourage illegal immigration and even human trafficking by perpetuating the lie that in certain cities, illegal aliens can live outside the law."

"From now on, the Department will only provide Byrne JAG grants to cities and states that comply with federal law.