Until a vaccine arrives, the world has to find a way to live with Covid-19 and without lockdowns.

One approach with promise? Mass testing with new tests that deliver near-instant results bloom.bg/3eBKBlk
🇸🇰Slovakia used rapid diagnostic tests on 3.6 million people -- two-thirds of its population -- in just two days.

Now Boris Johnson wants to try it in the U.K., starting with a trial in Liverpool bloom.bg/3eBKBlk
The northern English City is offering all residents and workers a rapid antigen test.

Some 2,000 military personnel have been brought in to help out. If it goes well, millions of the tests will be distributed to other regions before Christmas bloom.bg/3eBKBlk
Rapid antigen tests:

💰 Are cheaper than PCR tests
👶🏽 Use the same technology as pregnancy tests
⏱Give results in 15-30 minutes

Their main drawback? Accuracy bloom.bg/3eBKBlk
The test being used in Liverpool is reported to correctly identify:

➡️People who don’t have Covid 99.9% of the time
➡️People with Covid 96% of the time

That’s a lot of people being wrongly told they don’t have the virus bloom.bg/3eBKBlk
One complaint is that Johnson’s plans seem to be asking more of the test than it was designed for. The test is intended for symptomatic people within the first 5 days of those symptoms.

But Johnson is encouraging everyone to get tested, symptoms or not bloom.bg/3eBKBlk
.@deeksj, a professor of biostatistics, says:

“If you're using these tests to see whether your rugby team is safe to play with each other and you are missing cases, then you suddenly end up with a rugby team that is sick” bloom.bg/3eBKBlk
Some scientists argue that if testing is widespread enough and repeated regularly, lower accuracy is not a problem.

One study suggested rapid tests could save tens of thousands of lives in the U.S. and boost GDP even at lower levels of accuracy bloom.bg/3eBKBlk
Using a standard PCR test to confirm (at least some of) the antigen test results would establish a more accurate picture of who has the virus, especially among asymptomatic people.

Unfortunately, there are no plans to employ such an approach in Britain bloom.bg/3eBKBlk
Mass testing is no silver bullet: It requires the support of a strong program of regular testing, contact tracing and isolation.

But, done properly, it could be a game-changer bloom.bg/3eBKBlk

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More from @bopinion

9 Nov
In a 44,000-person clinical trial, Pfizer’s vaccine candidate prevented over 90% of Covid-19 cases so far.

It's fantastic news and a historic scientific accomplishment trib.al/nLOpJys
Of course, there are still unknowns about the vaccine.

With limited supplies available until next year and two shots needed to complete treatment, it won't end a rampant pandemic overnight trib.al/nLOpJys Image
The news does, however, substantially boost the chances of a quicker and easier resolution.

📈 Investors are justified in taking Pfizer shares and the broader market higher trib.al/Y9ra6VU Image
Read 17 tweets
6 Nov
As expected, Trump is dusting off his well-worn litigation playbook. He's:

➡️Pushed to stop ballot tallies in MI & PA
➡️Claimed negligence of a poll worker in GA
➡️Threatened to demand a recount in WI
➡️Threatened to sue NV for “illegal votes” trib.al/AK8NdVZ
Not only are these lawsuits plainly frivolous, they are old hat for Trump:

“He’s been involved in at least 3,500 lawsuits over the last three decades or so,” writes columnist @TimOBrien, who was unsuccessfully sued by Trump for libel in 2006 trib.al/AK8NdVZ Image
The point of his lawsuits isn’t to cure an actual problem.

Trump has spent months claiming that elections and mail-in voting in the U.S. are riddled with malfeasance. They’re not, of course. His lawsuits are an extension of that push trib.al/AK8NdVZ Image
Read 9 tweets
4 Nov
Defying expectations, California voters have approved Prop 22, which exempts gig companies from a law that requires them to classify workers as employees.

Instead, ride-hailing and food-delivery apps can keep their workers as independent contractors trib.al/EfSjuO1
What does this mean for workers at Uber and Lyft, as well as grocery delivery services?

⬇️Fewer benefits
🚫Aren’t required to earn minimum wage trib.al/EfSjuO1 Image
Strangely, this comes at a time when many states and cities are raising the minimum wage.

While it might be simply a function of a well-run corporate ad campaign, it might also reflect a general anxiety about the future of cities,” writes @Noahpinion trib.al/EfSjuO1 Image
Read 12 tweets
4 Nov
LIVE: Bloomberg Opinion’s best political, economic and market minds are joining forces to cover the election.

Follow along with our live blog here: trib.al/wHFBHGr
First, a disclaimer from @TimOBrien: Votes may take a few days to tabulate in some key contests. That's normal! That's OK!

It also means that #Election2020 blogging is all about uncertainty trib.al/wHFBHGr
Let’s start with the economy, via @karlbykarlsmith:

It’s worth remarking how sensitive 2016 appeared to be to economic fluctuations vs. how seemingly irrelevant they are today. Instead, the swing this time seems to be dominated almost entirely by Covid-19 trib.al/wHFBHGr
Read 36 tweets
3 Nov
Bumper harvests and healthy stockpiles coming into 2020 have helped the world dodge the worst of food-security worries triggered by the Covid-19 pandemic.

But nutrition has suffered anyway trib.al/7Xb1aoQ
Malnutrition is the result of:

➡️Migrant laborers being kept home
➡️Children being shut out of school
➡️Workers losing jobs

The economic consequences in both emerging and developed markets will linger trib.al/7Xb1aoQ
Crippling food inflation has been averted this time, but there have been glimpses of panic:

🛒Empty supermarket shelves
🇻🇳Vietnam’s restrictions on rice
🇰🇿Kazakhstan’s restrictions on wheat and flour
🥩Infected slaughterhouses and meat-packing plants trib.al/7Xb1aoQ
Read 12 tweets
2 Nov
After election day, there is a chance of constitutional chaos.

It could take the form of acute uncertainty, not only about who won the election but also about the process by which that question will be settled trib.al/sKzNZAb
We might have a perfect storm:

🗳️Close contests in key states
📬Issues with mail-in voting
🧐Allegations of voter suppression and fraud
🙅🏼‍♂️An incumbent who is unwilling to accept a loss
trib.al/sKzNZAb
It is essential to understand that Nov. 3 is only the first of three defining days.

The second is Dec. 14, when members of the Electoral College cast their votes. The third is Jan. 6, 2021, when Congress meets in joint session to declare the winner
trib.al/sKzNZAb
Read 14 tweets

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