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Stock impact report

European stocks surge amid investor hopes over coronavirus treatment [MarketWatch]

Gilead Sciences, Inc. (GILD) 
Last gilead sciences, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gilead.com
Company Research Source: MarketWatch
European stocks climbed on Friday, as investors brushed aside poor China growth data to focus on a potentially promising treatment for coronavirus from Gilead Sciences Inc. and plans for re-opening major economies. The Stoxx Europe 600 index climbed 2.1%, while the FTSE 100 index rose 2.5%. That's as Dow futures surged over 700 points. Gains came after researchers at University of Chicago Medicine cited "rapid recoveries" in 125 COVID-19 patients taking Gilead's experimental drug remdesivir as part of a clinical trial, according to a Thursday report. Investors appeared to overlook bleak growth data out of China, which posted a 6.8% plunge in first-quarter growth, the first contraction on record due to the pandemic. The country was at the epicenter of the intial outbreak late last year. Show less Read more
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