Breakingviews - Corona Capital: Fauci, Covea/Exor, Uber pay

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Catch up on the latest pandemic-related financial insights from Breakingviews, from Britain’s furlough scheme to potato chip M&A:

Dr Anthony Fauci stands in front of a digital sign promoting the Trump administration's announcement of guidelines for"Opening Up America Again" during the daily coronavirus task force briefing at the White House in Washington, U.S., April 16, 2020. REUTERS/Leah MillisMAY THE FAUCI BE WITH YOU. There’s no absolutely correct date for lifting lockdowns imposed to control the coronavirus.

Exor Chairman John Elkann had no need to part with PartnerRe for less, as the sale to Covea was purely opportunistic. The insurer had not been for sale. Nonetheless, Covea, which cited the changed economic scenario as a reason for its sudden U-turn, could face legal consequences. Derez’s move may have saved Covea investors from an expensive purchase. But after a previously failed attempt to buy Scor, Derez’s ability to consummate any deal is questionable.

Some expected Sunak to withdraw support from industries which are reopening, like construction and manufacturing. Others wanted him to scale back a subsidy which the Office for Budget Responsibility reckons is costing taxpayers 14 billion pounds a month. Instead, Sunak says he will allow furloughed employees to work part-time, while asking employers to share an unspecified proportion of the costs from August.

BRAVE NEW WORLD. Mere months ago pundits were arguing about whether a 50 basis point rate cut from Federal Reserve Chair Jay Powell would leave the U.S. central bank with little ammo. How quaint that now seems. As of Tuesday, its Secondary Market Corporate Credit Facility can begin buying exchange-traded funds – including those exposed to junk bonds.

 

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Breakingviews Fauci is in the rear view mirror..

Breakingviews Its not his area of expertise to make those recommendations, per Dr. Fauci. It was only his opinion. Did you not see his answer?

Breakingviews Fauci is a fraud. This man created virus is a hoax made to destroy middle-class and increase poverty and need. Their solution? Debt for you and your country. Result: Digital Dictatorship. Get ready and stop reading mainstream news, tv and radio. Talk to your neighbours

Breakingviews

Breakingviews When will Mr Fauci tell the people he is on One Of The Boards at the Gates Foundation? He is compromised...

Breakingviews He has given his expert opinion of the dangers. There are many other expert opinions, shouldn’t we also consider them?

Breakingviews Has Fauci been right about anything?

Breakingviews Contact tracing by September, we are all dying this summer.

Breakingviews Am following back all AryndaBryan

Breakingviews Given the historical direct correlation between unemployment and morbidity, I believe it's possible that one day the world will recognize Fauci and Gates as the biggest mass murderers of all time.

Breakingviews Ok, so he's going to be fired.

Breakingviews Yeah, how about the financial pandemic! I hope the entire world goes after China for retribution and money.

Breakingviews I got huge profit in my first trade I was so happy and I tried again ever since then It has been continuous success,even though she doesn’t know about this but I need to spread this good news,contact kris_arvin today and don’t forget to thank me later

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