Drug proves effective against virus as economic damage rises

  • People wait in line for food assistance due to the coronavirus pandemic in Paterson, N.J., Wednesday, April 29, 2020. (AP Photo/Seth Wenig)

Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that came as the economic gloom caused by the scourge deepened in the U.S. and Europe.