Coronavirus impacts will ‘haunt us for a generation’

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Baylor College of Medicine’s Dr. Peter Hotez warned Wednesday that the long-term health consequences of the coronavirus remain uncertain, even though medical professionals have a better grasp of treating a current infection. 

“We still have to address that long-term debilitating effects. The effects of this virus are going to haunt us for a generation, I’m afraid,” Hotez said on CNBC’s “Power Lunch.” 

Hotez’s comments come as states in the South and West such as Arizona, California and Texas experience a dramatic rise in Covid-19 cases and hospitalizations. In Texas, in particular, total cases have more than doubled since Memorial Day

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Volatility will dominate market in year’s second half: John Stoltzfus

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Market bull John Stoltzfus sees ways to make profits in the year’s second half, but it won’t come easy.

The Oppenheimer Asset Management chief investment strategist warns the wild swings won’t subside anytime soon due to how traders and nervous investors are reacting to headline risks.

“They’re waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out,” Stoltzfus told CNBC’s “Trading Nation” on Wednesday. 

Stoltzfus notes there are several risk factors to consider, particularly the spike in coronavirus cases and whether a vaccine will become a reality.

“What’s going

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McDonald’s is halting its U.S. reopening plans as coronavirus cases spike

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A worker cleans the floor in a McDonald’s restaurant in the Chicago Loop on March 19, 2020 in Chicago, Illinois.

Scott Olson | Getty Images

McDonald’s is pausing its U.S. reopening plans for 21 days as coronavirus cases spike across the country.

States like Michigan, Colorado and Florida have been responding to the recent surge by delaying or rolling back efforts to reopen their economies. Tuesday marked the sixth day that the average number of new Covid-19 cases exceeded previous highs set in April, when some officials thought the U.S. reached its peak.

About 1,000 out of McDonald’s 14,000 U.S.

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Inovio, CBL, Coty and more

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Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face of the brand.

David Dee Delgado | Getty Images News | Getty Images

Check out the companies making headlines after the bell.

Inovio Pharmaceuticals — Shares of Inovio dropped 3% in extended trading after falling 26% in regular hours. Inovio’s stock has trended sharply downward

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