Covid-19 likely originated naturally: US NIH

19

Washington, Aug 24 | The novel coronavirus disease likely developed naturally — jumping from an animal to humans, while the possibility of a leak is still not out of doubt, the director of the US National Institutes of Health has said.

It is still unknown if the virus leaked out of a Wuhan lab, Dr Francis Collins was quoted as saying in an interview on CNBC’s “Squawk Box” on Monday.

Collins said the possibility that scientists at the Wuhan Institute of Virology in China were secretly studying the virus and that it leaked out from there cannot be not ruled out.

“The vast evidence from other perspectives says no, this was a naturally occurring virus,” he said. “Not to say that it could not have been under study secretly at the Wuhan Institute of Virology and got out of there, we don’t know about that. But the virus itself does not have the earmarks of having been created intentionally by human work.”

The World Health Organisation (WHO) in March concluded that a laboratory leak was “extremely unlikely”. Undermining its own report, Director General Tedros Adhanom Ghebreyesus last month, proposed a second phase of studies in Wuhan. However, China rejected the probe, accusing the WHO of “arrogance” and a “disrespect for common sense”.

China’s refusal to participate has made the WHO investigation harder, Collins said.

“I think China basically refused to consider another WHO investigation and just said ‘nope, not interested’,” he said.

“Wouldn’t it be good if they’d actually open up their lab books and let us know what they were actually doing there and find out more about those cases of people who got sick in November of 2019 about which we really don’t know enough,” Collins added.

US intelligence reports first reported by the Wall Street Journal indicated that in November 2019, three workers at the Wuhan Institute of Virology fell ill with symptoms similar to those seen in Covid-19 infections, a report that China said was “completely untrue.”

Collins also pointed to an impending report by US President Joe Biden’s intelligence community, who were given 90 days to further investigate the virus’ origins and report the findings.

While most of the information gathered will likely remain classified, some will be released, according to Collins.

“We don’t know what they’re going to come up with either, but we’re intensely interested,” Collins said.

Source: IANS

Next Story

Share Market Weekly Outlook for Next Week

Share Market Weekly Outlook for Next Week

Indian market plummets for the second consecutive week, seems bulls losing their upper hands in the coming days. Index reacted violently grasping Indian as well as global factors throughout the past week.

High oil prices, uncertainty amid Ukraine war, mounting inflation and prospects of aggressive monetary tightening by the U.S. Fed all contributed to poor sentiment. Undoubtedly, the biggest negative sentiment was led by continued inflation all over the world. Sensex sheds 2041.96 points or 3.72 percent while Nifty losses 629.10 points or 3.83 percent in a week. Simultaneously, Bank nifty also lost control over the bears’ dominance. Nonetheless, no sector ended in green while Nifty Energy lost 10.56 percent and remained the prime laggard followed by Nifty PSE, and Nifty Realty losing 5 to 6 percent in a week.

In Nifty stock, BAJAJ AUTO gained 4.07% while TATASTEEL lost 14.54% on a weekly basis. INDIA VIX closes at 23.48 suggesting no sign of relief in volatility. Whenever the market tanks 20% from its peak, it is technically termed as the bear market. Currently the Indian market remains at the edge of 15 percent fall. Technically, on a weekly chart, the index has formed a long bearish candle confirming change in trend from positive to negative side.

Index has also faced resistance around 16300 levels throughout the week. Indicators as RSI still remains in the oversold zone and MACD also indicating no sign of reversal. In the daily chart lower low- lower high formation suggests no major pullback is expected. Coming to the OI monthly Data, on the call side the highest OI witnessed was 16000 followed by 16500 strike price while on the put side, the highest OI was at 15500 followed by 15000 strike price. Overall, Nifty is having support at 15500 mark while on the upside 16100 followed by 16300 may act as an immediate resistance. While Banknifty has support around 32000 while resistance is placed at 34300 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

Next Story

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

It was a volatile trading session after a positive opening, Nifty made an intraday high at 16318.75 level but showed downside momentum and tested the 16000 mark and managed to close at 16167.10 level with a loss of 72.95 points.

However, Bank nifty closed the session at 34693.15 level with a gain of 210.50 points. 31 out of Nifty 50 stocks ended in Red which suggest broad based selling. Among sectors, Bank, Commodities indices up by 0.5-0.3 percent each, while IT and Auto indices down by 1 percent each.

Stocks like ONGC, AXISBANK, INDUSINDBK, CIPLA & HDFC ended in green SHREECEM, BAJAJFINSV, LT & BAJFINANCE were the prime laggards.Technically, The Nifty has formed a Hammer Kind of candlestick pattern on a daily chart which indicates value buying from lower levels. Moreover, Nifty has taken support from the lower band of Bollinger on a Four- hourly chart which is a sign of short-term reversal in the counter.

However, the momentum indicators RSI bounced from oversold zone as well as divergence has been seen on an hourly chart which indicates bounce back momentum. The Nifty may find Strong support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty crossing above the same can attract fresh buying. On the other hand, Bank nifty has support at 33800 levels while resistance at 35500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here