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Remdesivir, the First Coronavirus Drug, Gets a Price Tag
30 June 2020
3666
Remdesivir, the first drug shown to be effective against the coronavirus, will be distributed under an unusual agreement with the federal government that establishes nonnegotiable prices and prioritizes American patients, health officials announ...
Stocks dive on coronavirus spike, Fed’s cap on shareholder payouts
27 June 2020
3553
Wall Street’s major indexes dropped on Friday as the US set a new record for a one-day increase in coronavirus cases and bank stocks tumbled after the Federal Reserve decided to cap shareholder payouts. The S&P 500 banks sub-index declined...
Markets are tied to infection data again
25 June 2020
4194
Confidence in the economic recovery has been called into question by investors. US markets on Wednesday lost more than 2.6%, and Hong Kong indices are falling. However, there are several notable exceptions. The Shanghai Stock Exchange 50 blue-chip i...
Trump Says He Avoided Punishing China Over Uighur Camps to Protect Trade Talks
22 June 2020
3479
President Trump said he resisted punishing China for its mass internment of ethnic Uighurs last year for fear of jeopardizing trade talks with Beijing, a blunt admission of his transactional approach to human rights and willingness to subordinate oth...
Barr Abruptly Seeks to Fire U.S. Attorney Who Investigated Trump Associates
20 June 2020
3936
Attorney General William P. Barr on Friday night abruptly tried to fire the top federal prosecutor in Manhattan, Geoffrey S. Berman, who has investigated several of President Trump’s closest associates, but Mr. Berman said he would not leave. ...
Trump’s Trade Appeals To China Still Left Farmers Reeling
20 June 2020
3756
Within two years of President Trump’s taking office, one of his key political constituencies — America’s farmers — were reeling from his trade war with China. Mr. Trump had waged his fight to try to eliminate the trade defici...
Trump Administration to Push for ‘Reset’ of Global Tariffs
17 June 2020
3738
The Trump administration plans to continue its aggressive trade tactics this year by pushing for a “broader reset” of the tariffs set at the World Trade Organization, a top trade official plans to tell Congress in testimony on W...
Businesses Want Virus Legal Protection. Workers Are Worried
14 June 2020
3677
When Jonathan Corpina, a senior managing partner at Meridian Equity Partners, returned to work on the floor of the New York Stock Exchange in late May, he was met with temperature screenings, hand sanitizer stations, plexiglass barriers &md...
$130 Billion in Small Business Aid Still Hasn’t Been Used
10 June 2020
3566
In April, when the federal government offered $349 billion in loans to small businesses reeling from government shutdown orders in the pandemic, the funding ran out in just 13 days, prompting Congress to swiftly approve a second round of $310 bi...
Wendy’s says beef supply is almost back to normal
9 June 2020
3453
Wendy's said its beef supply “has returned to near normal levels” after a shortage left some restaurants without hamburgers. Nearly one in five Wendy’s restaurants stopped selling beef products last month as coronavirus o...
Pelosi, top Democrats unveil police reform bill
8 June 2020
3392
Speaker Nancy Pelosi, D-Calif., and members of the Congressional Black Caucus on Monday unveiled far-reaching legislation to overhaul policing in the U.S. The bill, dubbed the "Justice in Policing Act," would ban chokeholds, including the kind used ...
Obama calls for police reforms, tells protesters to 'make people in power uncomfortable'
5 June 2020
3677
Former President Barack Obama offered advice to demonstrators during a virtual town hall on Wednesday in his first on-camera remarks as growing unrest against police brutality continues across the country. "To bring about real change, we b...
Trump expected to keep Esper on despite news conference flap, sources say
5 June 2020
3604
President Donald Trump on Thursday appeared to be standing down for now on firing Defense Secretary Mark Esper, said sources familiar with the situation, after threatening to do so the day before. Trump had been ballistic, said people familiar with ...
Simon Property sues Gap for not paying rent during coronavirus crisis
5 June 2020
3624
The nation’s biggest mall operator is suing its largest tenant for not paying rent during the pandemic in what could be the beginning of a torrent of litigation over rent payments. Simon Property is suing the owner of Banana Republic, Old Navy...
Elon Musk tweets that it’s ‘time to break up Amazon’
5 June 2020
3651
Just three days after announcing that he was “off Twitter for a while,” Musk was back on the platform saying that it’s “time to break up Amazon.” The Tesla CEO’s outburst came in response to a Thursday tweet&...
Retailers beef up security as looting fears continue
5 June 2020
3584
Retailers across the country are boosting their defenses to protect against looting, including by hiring armed guards, planting scouts to keep watch out front and securing storefronts with barbed wire. The iconic department store Saks Fifth Avenue&n...
Some non-essential businesses defying state shutdown order
31 May 2020
3646
Faced with mounting losses amid the coronavirus pandemic, some businesses in New York City are taking their chances and violating the state's shutdown order for non-essential businesses. While certain regions of New York have begun phased reopening ...
Cuomo Signs Bill Giving Death Benefits To Families Of Essential Government Workers Who Died Due To COVID-19
31 May 2020
3589
Gov. Andrew M. Cuomo signed a bill into law Saturday afternoon providing state death benefits to families of frontline workers who died from COVID-19. The bill, S.8427/A.10528, establishes a COVID-19 death benefit for families of state and local gov...
New York City Small Business Owners Losing Patience With Government Over Not Being Allowed To Reopen
27 May 2020
3501
With California allowing retail stores to reopen and some New York City shops saying they’ll reopen with or without permission, the pressure is mounting on Gov. Andrew Cuomo to allow small businesses to open their doors. Peter Madonia, the own...
Trump claims voting by mail will result in ‘rigged election’
27 May 2020
3406
President Trump on Tuesday repeated his warning that allowing voting by mail will result in a “Rigged Election” and blasted California’s Democratic governor for his plan to send ballots to all residents of the state. “There i...
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