Healthcare stocks took their own victory lap on Joe Biden’s Super Tuesday comeback in the Democratic presidential primary. Shares of health insurers, providers, and drugmakers all outperformed the broader market on March 04. It’s not an entirely unreasonable move. The former vice president’s health policies would be substantially less disruptive to the industry than Bernie Sanders’s “Medicare for All” single-payer ...

The coronavirus outbreak has been turning a lot of us into amateur epidemiologists. Just listen to Mick Mulvaney, the former real estate developer and member of Congress from South Carolina who is now acting White House chief of staff. “The flu kills people,” he said. “This is not Ebola. It’s not Sars, it’s not Mers. It’s not a death sentence, ...

Europe’s lenders are staring at yet another possible crisis, this time not of their own making, and the brutal reality is that the European Central Bank can do very little to help them. That’s bad news for the real economy too. The economic hit from the rapid spread of the coronavirus will probably mean another spate of loans turning bad, ...