"In the last 24 hours, we had 126 new COVID-19 cases, a 21 percent increase. In some parts of our state, our case rate is doubling every four days," Newsom wrote in a letter dated Wednesday.
Kohl's has withdrawn its earnings outlook for the current quarter and fiscal year, as it grapples with the hit it will take from the coronavirus pandemic.
As COVID-19 coronavirus spreads, Facebook on Thursday banned ads for additional items including hand sanitizer and COVID-19 test kits. This follows its ban on ads for items like face masks earlier this month.
Sick patients are being turned away, unable to receive tests because they simply aren't available. In a stark contrast, the NBA said that as of Wednesday, at least eight teams had been tested for the COVID-19 coronavirus.
"Literally every movie theater in the country is shut or shuttering. There are no revenues coming in the door," AMC CEO Adam Aron told CNBC on Thursday.
Since the stock market peaked on Feb. 19, one month ago, the leading U.S. tech companies have lost over $1 trillion in value, even after Thursday's rally.
One of President Donald Trump's leading trade advisors slammed Big Pharma's attempts to lobby against an executive order he is preparing to push companies to relocate medical supply chains to the United States.
The drug is known to be relatively safe and has been used to treat malaria since the 1940s. Can it be used to help people infected with the coronavirus?