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Remittances: They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help.

...Around the globe, the pandemic has jeopardized a vital artery of finance supporting hundreds of millions of families — so-called remittances sent home from wealthy countries by migrant workers. As the coronavirus has sent economies into lockdown, sowing joblessness, people accustomed to taking care of relatives at home have lost their paychecks, forcing some to depend on those who have depended on them.

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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 Rebounds in Places Thought to Have Tamed It

New York Times

Hong Kong, Spain, and Melbourne, Australia, are seeing resurgences. The U.S. recorded nearly 70,000 new cases, and President Trump canceled part of the Republican National Convention.

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Multiple vaccine doses could be necessary to protect from coronavirus, Bill Gates says

Microsoft co-founder Bill Gates said Wednesday that people could need multiple doses of a potential coronavirus vaccine to immunize themselves from the coronavirus. If necessary, the multiple doses could require more than 7 billion vaccinations to be administered worldwide.

"None of the vaccines at this point appear like they'll work with a single dose," Gates said. "That was the hope at the very beginning."

The billionaire philanthropist, who has donated $300 million towards the global effort to combat COVID-19 through the Bill & Melinda Gates Foundation, told "CBS Evening News" anchor and managing editor Norah O'Donnell that deploying a coronavirus vaccine will require a global effort.

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