CNBC US News

A potential coronavirus vaccine developed in China appeared to provoke neutralizing antibodies in dozens of patients in an early-stage clinical trial, an important step in developing a vaccine that might provide immunity to Covid-19.

Ark Invest, the firm known for its $7,000 price target on the stock of Tesla, has faced some disbelief for selling shares of the electric auto maker.

President Donald Trump, advisor Kevin Hassett and Treasury Secretary Steven Mnuchin all say more coronavirus stimulus could be coming.

"I don't want people to think that any of us feel that staying locked down for a prolonged period of time is the way to go," he tells CNBC.

The job cuts were in the works for a while, the company said. On its first-quarter 2020 earnings call, IBM said it could take additional structural actions that could lead to cost savings.

The state reported 225 new Covid-19 cases on Thursday, based on a three-day rolling average, which is at a "level now that is lower than we first began," Gov. Andrew Cuomo said at his daily press briefing.

Former Vice President Joe Biden also told CNBC that President Trump's response to the outbreak has cost lives and jobs.

The bill came a week after Trump fired the State Department's inspector general on a recommendation from Secretary of State Mike Pompeo.

Check out the companies making headlines in midday trading on Friday.

Slightly more than half of the 129 countries reporting data to the World Health Organization, UNICEF, Gavi and the Sabin Vaccine Institute indicated that routine childhood immunization services were moderately to severely disrupted, or were totally suspended, from March to April.

Dr. Anthony Fauci also said any timeline for a vaccine is "never a promise."

Patients who took the drug or chloroquine were also more likely to develop irregular heart rhythms, researchers said.

The coronavirus has now infected more than 5 million people across the globe and more than 1.57 million in the U.S., according to data from Johns Hopkins University.

No company "should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars," Biden told CNBC.

At its Build 2020 conference for software developers, Microsoft announced plans to bolster the Azure public cloud and make it easier for developers to build tools for the growing Teams communication app.

U.S. government debt prices were higher Friday morning on concerns over new instability in Hong Kong.

It wasn't a matter of if but when someone with Covid-19 would unknowingly enter a factory as tens of thousands of American autoworkers returned to work.

The stocks making the biggest moves in premarket trading include Deere, Alibaba, Foot Locker, Lululemon, and more.

As states expand vote-by-mail services to help voters to safely participate in the November election, the fear is that the USPS won't be equipped to handle the volume of mail.

While the White House and Congress are focused on the next steps in dealing with the coronavirus, decisions from the Supreme Court on DACA, abortion, Trump's tax records and LGBT worker rights could shape the political landscape for years to come.