All news by: Joseph Tomaino

CORONAVIRUS AND THE IMPACT ON GLOBAL BUSINESS

The Coronavirus epidemic has captured much media attention in recent weeks.  Many of my colleagues ask me whether it is being overblown.  The answer is no, it is a serious problem.  The issue is that it is a contagious disease caused by a virus which appears in animals such as bats, pigs, and small mammals, and has the capacity to quickly make the leap to “animal to human” transmission.  The other issue is that there is no cure or vaccination yet developed to prevent widespread infection.  The only thing that can be done for patients is supportive care to help the body’s own immune system fight the infection.  It is also frightening that unlike the typical flu which most severely impacts the very young and the very old, this virus also kills regular healthy adults as well.