XRP was trading at $0.21774 by 22:06 (02:06 GMT) on the Investing.com Index on Wednesday, up 10.25% on the day. It was the largest one-day percentage gain since April 6.
Gilead Sciences (NASDAQ:GILD) on Wednesday said it was "aware of positive data" emerging from the National Institute of Allergy and Infectious Diseases’ (NIAID) study of its antiviral drug remdesivir for the treatment of COVID-19.
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Boeing Co (N:BA) said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as the coronavirus pandemic drove the planemaker to a net loss for the second straight quarter.
The U.S. economy shrunk by an annualized 4.8% in the first quarter of the year, the Bureau of Economic Analysis said on Wednesday, posting the first contraction since 2014 and the deepest since 2008.