The reopening represents a plot twist. The conclusion of this story will depend largely on the global race for a vaccine. In a very small first stage test, healthy volunteers “made antibodies that were then tested in human cells in the lab, and were able to stop the virus from replicating — the key requirement for an effective vaccine.” NYT: Coronavirus Vaccine Trial by Moderna Shows Promising Early Results. (And the market likes the news as much as you do…)

+ The news was also welcomed by Trump’s Vaccine Czar who has a ton of shares in Moderna.