Coronavirus Profits: Trump’s $8 Billion Dollar Emergency Fund Approved

On Monday Trump met with pharmaceutical executives and biotechnology companies to further discuss developments for coronavirus vaccines, treatments and possible cures. Today, the Senate has approved the emergency fund bill and is now being sent to Trump to sign. Here are our ideas and plays you should look out for.

Coronavirus Profits: Medical Supplies

Since their will be an influx of demand for medical supplies here are some stocks we highly recommend you look at:

• Lakeland Industries (LAKE)
• AlphaProTech (APT)
• Allied Healthcare Products (AHPI)
• BOQI International Medical (BIMI)
• Lianluo Smart Limited (LLIT)

These group of companies provides medical supplies, protective clothing and chemical protective suits, this would be a great investment if there is a need to spray disinfectant to prevent the spread of the coronavirus just like South Korea.

Coronavirus Profits: Vaccine & Treatment

• Inovio Therapeutics (INO)
• iBio (IBIO)
• NanoViricides (NNVC)
• Invivo Therapeutics (NVIV)
• Moderna (MRNA)

These groups of companies will mainly support the prevention of coronavirus by research, development and vaccine treatment. As the virus becomes more widespread the demand for these will be needed immensely.

Coronavirus Profits: Drug & Testing

• China Jo-Jo Drugstores (CJJD)
• Co-Diagnostics (CODX)

Spending and Deal information

Some information was released and includes numbers for how much funds will be used and allocated.

$2 billion to help federal, state, local, and tribal governments prevent, prepare, and respond to the crisis, including:

• $1 billion directly to state and local governments to conduct public health preparedness and response activities; Reimbursement incurred by state and local governments for costs incurred responding to the outbreak.
• $3 billion for the research and development of vaccines, other treatments and tests.
• $500 million to purchase pharmaceuticals, masks, personal protective equipment, and other medical supplies, which can be distributed to state and local health agencies in areas with a shortage of medical supplies.
• $100 million to fund Community Health Centers, supporting smaller health clinics in under-served urban and rural areas.