Major Wall Street indices clawed back their rallies after a hopeful morning rebound, while a top Food and Drug Administration (FDA) official said Wednesday that the coronavirus outbreak was on track to become a global pandemic.
“For all intents and purposes, I think it’s fair to say we are on the cusp of the pandemic,” said Peter Marks, head of the FDA’s Center for Biologics Evaluation and Research, according to Bloomberg. “Is it definitely going to happen? No, but there is significant concern, as of overnight we have cases on six continents.”
