Less than a month ago, the Food and Drug Administration(FDA) said hospitals could use remdesivir, a drug manufactured by Gilead Sciences, to treat patients with Covid-19. Remdesivir, sold under the brand name Veklury, was said to shorten recovery times and reduce the need for ventilators to facilitate breathing. Yesterday, the World Health Organization (WHO) hit the brakes: It recommended that ...

The public outcry against bank bailouts during the financial crisis prompted European governments to constrain the use of public money to help lenders in crisis. New trouble at the region’s oldest bank will test whether these rules can outlast the pandemic. The Italian government faces an impossible decision over Monte dei Paschi di Siena SpA. Italy nationalised the bank in ...

President Donald Trump’s wholesale removal of the top civilian leadership of the Defense Department almost certainly isn’t the coup-in-the-making that some of his critics have alleged. Even so, the purge threatens to inflict lasting damage on America’s national security — unless Congress is prepared to rein the president in. Trump’s post-election firing of Defense Secretary Mark Esper was not wholly ...