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Goldman Sachs gets even gloomier on the US economy

By Julia Horowitz, CNN Business Goldman Sachs is becoming increasingly pessimistic about the US economy as coronavirus support from the government phases out and consumer spending remains on an uncertain path. What’s happening: Over the weekend, the Wall Street bank downgraded its forecast for America’s economic growth, which is closely monitored by the investment community.

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Merck seeks FDA emergency use authorization for antiviral Covid-19 treatment molnupiravir

By Jamie Gumbrecht and Maggie Fox, CNN Merck said Monday it is seeking US Food and Drug Administration emergency use authorization for its experimental antiviral Covid-19 treatment, molnupiravir. If authorization is granted, the drug, made by Merck and Ridgeback Biotherapeutics, would be the first oral antiviral treatment to fight Covid-19. It comes in capsule form.

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