This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. States across the U.S. are reopening after some coronavirus lockdowns meant to curb the spread of the […]
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Cuomo calls PPE shortages a national security issue: ‘You can’t be dependent on China’
New York State Governor Andrew Cuomo speaks during his daily press briefing on May 1, 2020 in Albany, New York. Stefani Reynolds | Getty Images New York will require all hospitals to build a 90-day supply of personal protective equipment to prepare for another outbreak after states dealt with widespread […]
Warren Buffett gave airlines another go. Coronavirus was a problem he couldn’t stomach
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia, U.S., on Saturday, May 2, 2020. Bloomberg A 95% plunge in passengers. Billions in losses. A rush for new debt. A recovery […]
Coronavirus live updates: Southwest CEO says planes ‘virtually empty’, Roche doubles antibody tests production
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. States across the U.S. are reopening after some coronavirus lockdowns meant to curb the spread of the […]
Coronavirus live updates: Kudlow says more small business aid may be needed, Roche making more antibody tests
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. States across the U.S. are reopening after some coronavirus lockdowns meant to curb the spread of the […]
Gilead CEO says remdesivir available to coronavirus patients this week: ‘We’ve donated the entire supply’
Gilead Sciences‘ coronavirus fighting drug will be in the hands of doctors and patients as early as this week, the biotechnology company’s CEO said Sunday. “We intend to get [remdesivir] to patients in the early part of this next week, beginning to work with the government which will determine which […]
Rocket Lab CEO: The space industry is entering at least ‘a year and a half slog’ due to coronavirus
Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Many companies in the space industry have seen operations grind to a crawl in the past two months because of the coronavirus crisis, a problem compounded by frozen venture capital that used to be readily available. Worse, […]
Kudlow says third round of PPP small business loans might be needed as demand soars
Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, April 6, 2020. Stefani Reynolds | Bloomberg | Getty Images National Economic Council Director Larry Kudlow on Sunday said the White House has made no […]
Hours are down, worry and tips are up: What it’s like to be a food delivery driver during the Covid-19 pandemic
Though Vanessa Herron is still working as a news editor at iHeartMedia and has side hustle as a screenwriter, her part-time job as an “essential employee” delivering food for DoorDash has been an important source of income for her family during the Covid-19 pandemic. Still, Herron, who is in her 40s and has worked […]
This skincare company saw record sales in April even as coronavirus pandemic ravaged retail
Source: TULA The rise of virtual hangouts and work meetings hasn’t been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But there’s been a bright spot — the clean beauty market. Purveyors in the space generally offer products […]