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While the short-term picture of JNJ suggests more risk is possible, the longer-term patterns are constructive.
It is unclear non only when cruises will resume, but also how eager passengers and crews will be to return to its ships once service starts back up.
Japan is a leader in pharmaceuticals and has three companies working overtime to develop treatments for Covid-19.
The VIX indicator typically shows higher levels when fear, doubt and uncertainty rise to a level of panic. That often subsides quickly, but not this time around.