Corona Capital: The SEC wants companies to get descriptive this earnings season in light of unusual conditions. But they’ll likely stick to their habit of saying no more than they need to. Read more pandemic-related financial insights:
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.The U.S. securities regulator wants companies to get descriptive. On Wednesday, Securities and Exchange Commission Chairman Jay Clayton sent a memo advising that “earnings statements and calls will not be routine” in a time of Covid-19.
Slice the numbers differently and the true horror emerges. State data implies 30 black Louisianans have died per 100,000 of the Census-reported population, compared with seven white patients. Simplistically, a black Louisianan is four times more likely to die of Covid-19. In Illinois, the number rises to 6.3 times. In Michigan, a staggering 7.5 times.
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Breakingviews - Corona Capital: Latin America and Covid-19(Reuters Breakingviews) - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.
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