Morgan Stanley: “While we understand the desire for optimism, we also caution that the US outbreak is far from over. Recovering from this acute period in the outbreak is just the beginning and not the end. We believe the path to re-opening the economy is going to be long.”
The next 6 months, per Morgan Stanley's head of biotech By May: Peak in new cases nationally By June: Testing capacity hits 1M/day By July: Serology testing widely available By Aug: Wave 1 returns to work By Oct: Potential vaccine for healthcare workers (via @RobinWigg )
It's ludicrous that Morgan Stanley paid nothing in federal income taxes last year, but received $604 million refund from the IRS.
Morgan Stanley has begun moving 2,000 investment banking staff from London to Dublin or Frankfurt, BBC learns