The Incredible Shrinking Economy


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Apr 30 2020 18 mins   2.2k
New GDP data show the economy shrank at a 4.8% annual rate in January, February and March. That’s the worst quarterly decline since the 2008 recession, and unfortunately, the current quarter is probably going to be worse. There’s an experimental drug called Remdesivir that the FDA is reportedly planning to approve for emergency use in treating symptoms of Covid-19. It’s not a cure, but some early trial data show that it reduces the length of the disease for some patients. And in headlines: a 1-mile asteroid picks the wrong time to scare Earth, NCAA to allow athletes to make money, and "Trolls World Tour" brings equal parts pain and pleasure. Learn more about your ad choices. Visit podcastchoices.com/adchoices