Positive developments in Covid-19 treatment lift stocks

US STOCKS rose last week in stormy trade, as hopes for a coronavirus treatment eased fears about the course of American efforts to reopen the economy.

The volatility is likely to continue this week as the Covid-19 crisis is likely to worsen in ''sun-belt'' states and as banks begin to report the toll taken on their US customers by the so-called ''Pancession''.

Hospital systems in the most populous states of California, Texas and Florida are nearly …

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