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What you need to know about the coronavirus today

On the economy, “medical metrics” rule for now
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify before the Senate Banking Committee and face questions about their plans keep the world’s largest economy afloat and missteps in rolling out some $3 trillion in aid so far.

Two months into the pandemic, many analysts have concluded that U.S. policy has at best fought back worst-case outcomes on both the health and economic front.

Powell has said he sees the likely need for up to six more months of government financial help for firms and families. With regular data on the economy at best volatile and at worst outdated when it comes out, he said “medical metrics” were the most important signs to watch right now.

The presidential pill
Donald Trump surprised many by revealing that he is taking hydroxychloroquine as a preventative medicine against the coronavirus - despite warnings about the malaria drug.

“I’ve been taking it for the last week and a half. A pill every day,” he told reporters. “All I can tell you is so far I seem to be OK.”

Weeks ago Trump had promoted the drug as a potential treatment based on a positive report about its use against the virus, but subsequent studies found it was not helpful. The Food and Drug Administration issued a warning about it.

Glimmer of hope
That overshadowed news that an experimental COVID-19 vaccine made by Moderna Inc produced protective antibodies in a small group of healthy volunteers, according to very early data released by the biotech company on Monday.

The vaccine has the green light to start the second stage of human testing. In this Phase II trial to test effectiveness and find the optimal dose, Moderna said it will drop plans to test a 250 mcg dose and test a 50 mcg dose instead.

Reducing the dose required to produce immunity could help spare the amount of vaccine required in each shot, meaning the company could produce more of the vaccine.

Eating with your mask on
Israeli inventors have developed a mask with a remote control mouth that lets diners eat without taking it off, which they say could make a visit to a restaurant less risky.

A squeeze of a lever opens a slot in the front of the mask so food can pass through.

The process could get messy with ice cream or sauces, but more solid morsels can be gobbled up a la Pac-Man in the arcade game.

Breakingviews - Corona Capital: Julius Baer, Baidu, Imperial.
Read concise views on the pandemic’s financial fallout from Breakingviews columnists across the globe.

Reuters reporters and editors around the world are investigating the response to the coronavirus pandemic.

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Life under lockdown

The novel coronavirus is spreading so fast among the indigenous people in the furthest parts of Brazil’s Amazon rainforest that doctors are now evacuating critical COVID-19 patients by plane to the only intensive care units in the vast region. “The number of COVID-19 patients has increased a lot. We are flying more planes (up the rivers); it’s the last opportunity to save their lives,” said Edson Santos Rodrigues, a pediatric doctor working on medevac planes for the state of Amazonas.

Thousands of Greeks returned to church after weeks of staying away as a ban on mass gatherings to curb the spread of the novel coronavirus was eased. It was a special moment for those who gathered in the courtyard of Ayios Spiridonas Church in Piraeus, where the melodious chants of the Sunday liturgy were broadcast on loudspeakers and heard down at the sea port.

Adorned with intricate designs of orchids, camellias and Chinese characters symbolising good luck, the stylish silk masks created by Chinese fashion designer Zhou Li have become coveted items during the coronavirus outbreak. Zhou, whose Dejin fashion brand recently exhibited at China Fashion Week, has been making embroidered silk masks equipped with high specification N95 air filters since February, providing the fashion-conscious with protective options.

As Los Angeles begins to emerge from more than two months of coronavirus lockdown, 40-year-old Marisa Sullivan will have surgery this week to remove a malignant tumor from her left breast. Now hospitals across the country are resuming care beyond the pandemic, introducing new precautions to convince people it is safe to seek treatment. For cancer patients in particular, the risk of contracting the virus in a healthcare facility is a top concern.