2 Stocks That Could Skyrocket Over the Chinese Coronavirus Threat
China's novel coronavirus, known as 2019-nCoV, isn't officially a public health emergency of international concern (PHEIC), according to the World Health Organization (WHO). Nonetheless, it appears to be well on the way toward becoming a global pandemic with serious implications for human health.
As of this morning, researchers tracking the spread of 2019-nCoV believe that there are as many as 2,800 infections globally, with 81 fatalities in China. Most concerning is the fact that the virus has already fanned out to over 10 countries, and this number is only expected to rise in the coming days.
What does this all mean? Although the WHO has historically been reluctant to deem any exotic disease as a PHEIC due to the economic consequences involved, the agency may have no choice with the current outbreak of 2019-nCoV. What's important to understand is that the declaration of a PHEIC could trigger extraordinary measures by regulators in the European Union and the United States.
Source Fool.com
