I prefer not to list my educational background but I came across several published scientific studies that proposed a valid biochemical pathway for ivermectin to potentially reduce COVID infection, with small sample size results showing some potential promise. Ivermectin can block viral proteins from entering the host cell nucleus, as part of it's master plan to trick the cell into making viral proteins. If the viral proteins can't get into the nucleus, they can't reproduce. And Ivermectin blocks one of the proteins that is involved in facilitating transport of viral particles into the nucleus.
However, on CNN, it's just a "horse dewormer for the red hats"
If the ivermectin was approved for use with COVID, then it puts the FDA in a bind for emergency use authorizations on vaccines.
I don't know if ivermectin does anything for COVID, but early small studies are promising and I do know there's billions of dollars at stake as well as incalculable political control to show it doesn't.
Here's a technical excerpt from a published study that explains the pathway in more detail:
Regarding its role as an antiviral agent, its efficacy has been demonstrated on several viruses, both in vitro and in vivo. Among the many mechanisms by which it performs its function, the most consolidated one sees ivermectin as an inhibitor of nuclear transport mediated by the importin α/β1 heterodimer, responsible for the translocation of various viral species proteins (HIV-1, SV40), indispensable for their replication (Wagstaff et al. 2011; Wagstaff et al. 2012). This inhibition appears to affect a considerable number of RNA viruses (Jans et al. 2019; Caly et al. 2012), such as Dengue Virus 1-4 (DENV) (Tay et al. 2013), West Nile Virus (WNV) (Yang et al. 2020), Venezuelan Equine Encephalitis Virus (VEEV) (Lundberg et al. 2013), and Influenza (Gotz et al. 2016). In addition, ivermectin has been shown to be effective against the Pseudorabies virus (PRV, with a DNA-based genome), both in vitro and in vivo (Lv et al. 2018), using the same mechanism. Caly et al. (Caly et al. 2020) have recently shown that the drug also inhibits the replication of the SARS-CoV-2 virus in vitro, however not clarifying how it occurs. Since the causative agent of COVID-19 is an RNA virus, it can be reasonably expected an interference with the same proteins and the same molecular processes described above.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7251046/
I find the information about Ivermectin to be very compelling with my limited education (which involved studying all of the concepts in that technical explanation, such that it made sense the first time I read it without needing to look up any of the words).