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Why Some Stocks Are Jumping on Ebola News
Yesterday, the Centers for Disease Control and Prevention announced that Texas doctors have diagnosed a patient with Ebola, marking the first case found in the United States — and rumors are running rampant about a second case. This is terrible news in general, and scary news for Americans. But it might be good news in terms of helping flush research funding toward the fatal virus. Ebola lacks many of the characteristics that give private pharmaceutical companies an incentive to invest. It afflicts a small number of people, most of whom are very low-income individuals living in very low-income countries. That means ... (full story)