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The sector faces what may well be a bloodbath as companies slash spending and jobs, with crude prices roughly half that of many companies' production costs.

Scott Gottlieb said Thursday the sense of "urgency" being applied to the development of a COVID-19 vaccine needs to be applied to developing a therapeutic.

Boeing is set to offer buyout and early retirement packages to employees to stem the fallout from the coronavirus pandemic.

Wilmington Trust's Meghan Shue warns investors will see two grim quarters of losses — not just one.

State officials are trying to flatten or "bend the curve" — meaning the curve of a line graph that shows when cases will peak — using partial lockdowns and social distancing measures to keep cases from surging all at once.

SoftBank said in a statement it is pulling out of the offer agreed as part of last year's bailout plan of the floundering shared-office operator.

Restaurants are turning to bundling in-demand consumer products with food and drinks to reach out to their communities even as the future of their businesses is unclear.

More and more people have witnessed inappropriate content in their video calls on the popular Zoom service in the past two weeks. Zoom has been taking action.

The U.S. has the most number of reported cases globally at over 216,000, according to data compiled by Johns Hopkins University.

The International Energy Agency expects global oil demand to contract by a stunning 20% this year.

To date, more than 938,000 people worldwide have contracted the coronavirus, with 47,273 deaths, according to Johns Hopkins University.

The flagship U.K. airline has reportedly reached an agreement that entails suspending 80% of its cabin crew, engineers, ground staff and head office employees.

The epicenter of the coronavirus outbreak is at risk of shifting constantly and "could possibly even shift back to East Asia," a public health expert said.

U.S. government debt prices were higher Thursday morning following Wall Street's rocky start to the second quarter as the coronavirus crisis deepened.

Le Bijou, a luxury Swiss hotel brand, has set up "quarantine apartments" which include in-room health services, such as coronavirus testing.

China's domestic travel industry is poised to resume normal activity before the summer holiday season, according to the CEO of the country's largest travel site Trip.com.

As the second quarter begins in China, it's an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good.

See how much one couple paid for an 18-course dinner eaten with diamond-encrusted utensils while flying in a private jet above Southeast Asia. And find out who received the money in the end.

Amid a COVID-19 pandemic and ventilator shortage, Tesla purchased 1,000 "non-invasive ventilators" made by ResMed to donate to hospitals, explained CEO Mick Farrell. Typically, higher-end ventilators are recommended to treat patients.

The Treasury Department and Internal Revenue Service announced on Wednesday night that Social Security beneficiaries who receive 1099 forms will not have to file tax returns to get government stimulus checks. The announcement reverses guidance the IRS released earlier this week.