Coronavirus Warning Sign

Morgan Stanley’s Biotech Analyst Sees A Coronavirus Second Wave and Additional Lockdowns

A sustained resurgence in coronavirus infections should emerge this autumn in tandem with the arrival of flu season and bring with it more targeted lockdowns across the nation, Morgan Stanley warned clients.

The brokerage’s biotechnology analyst Matthew Harrison wrote that his base case scenario projects a “second wave” in the fall with daily new cases summing between 40,000 and 50,000 nationwide.

Investors often listen to Harrison in greater numbers for his success in predicting the course of the pandemic and government responses.

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