Johnson & Johnson to begin human trials for coronavirus vaccine in late July, earlier than expected

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Alex Gorsky, CEO of Johnson & Johnson

Adam Jeffery | CNBC

Johnson & Johnson announced Wednesday its early-stage human trial for a potential coronavirus vaccine will begin in the second half of July, earlier than its initial forecast of September.

“Based on the strength of the preclinical data we have seen so far and interactions with the regulatory authorities, we have been able to further accelerate the clinical development of our investigational SARS-CoV-2 vaccine, Ad26.COV2-S, recombinant,” J&J’s Chief Scientific Officer Paul Stoffels said in a press release.

The company began developing a Covid-19 vaccine in January.

It is using the

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Veterans will get stimulus checks automatically, after earlier issues

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Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)

The Washington Post

Veterans and their family members will automatically receive coronavirus stimulus checks from the federal government without further action required from those individuals, the Treasury Department and the IRS announced Friday. 

There had been earlier confusion as to whether as many as 2 million veterans would miss out on the one-time federal

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Global stocks jump on Fed stimulus, oil pulls back from earlier surge

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NEW YORK (Reuters) – Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge.

Oil prices were up about 2%, pulling back from an earlier surge as OPEC and other crude producers work on a deal to drastically cut output in response to a collapse in global demand from the coronavirus. [nL3N2BX1WX]

MSCI’s gauge of stocks across the globe gained 1.86%.

On Wall Street, the Dow Jones Industrial Average rose 453.59

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