World Health Organization drops hydroxychloroquine from Covid trial

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A bottle of Prasco Laboratories Hydroxychloroquine Sulphate is arranged for a photograph in Queens, New York, April 7, 2020.

Christopher Occhicone | Bloomberg | Getty Images

The World Health Organization announced Wednesday it is dropping hydroxychloroquine, the malaria drug backed by President Donald Trump, from its global study looking at potential treatments for the coronavirus.

The decision to end hydroxychloroquine testing in the Solidarity trial came after data from the trial and another study suggested it would not be beneficial, said Ana Maria Henao Restrepo, a WHO medical officer.

The announcement is likely to further dampen hopes the drug is

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Greensill drops libel suit against Reuters over bond story

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LONDON (Reuters) – Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018.

A logo of Thomson Reuters is pictured on a truck during preparations for the annual meeting of the World Economic Forum (WEF), in Davos, Switzerland January 19, 2020. REUTERS/Denis Balibouse

The statement related to bonds it had issued the prior year on behalf of commodities tycoon Sanjeev Gupta.

Greensill said in the May 2018 statement that the Scottish government had approved a guarantee related to a hydro

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Stock futures dip, China drops GDP target

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New York, USA – May 8, 2018: Wall Street sign near New York Stock Exchange with flags of the United States.

ymgerman | iStock Editorial | Getty Images

This is a live blog. Here’s what’s happening:

7:20 am: China decides not to set economic growth target for 2020

China took the unusual step of deciding not to set a target for its economic growth for 2020 thanks to the unprecedented uncertainty introduced by the Covid-19 pandemic. “Our country will face some factors that are difficult to predict in its development due to the great uncertainty regarding the Covid-19 pandemic and

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Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak

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FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo

TOKYO (Reuters) – Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user.

Brent crude fell $1.56, or 4.3%, to $34.50 a barrel by 0323 GMT, after gaining nearly 1% on Thursday.

West Texas Intermediate (WTI) crude dropped by $1.79, or 5.3%, to $32.13 a barrel, having gained more than 1% in

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