At Mount Sinai Health System's Morningside hospital in New York City, the number of coronavirus patients at the 500-bed facility doubled in two days this week.
As the coronavirus spreads across the globe, researchers predict shuttered auto plants in Europe, North America and Latin America could reduce production of over 1.4 million vehicles.
President Donald Trump on Friday said he will use the Defense Production Act in response to the deadly coronavirus pandemic. The statute can force American companies to produce materials that are in short supply in the face of the outbreak.
New York Stock Exchange CEO Jeffrey Sprecher and his wife, Sen. Kelly Loeffler, sold millions of dollars of stock after she got a private briefing with other lawmakers about the coronavirus outbreak.
The federal government will allow firms to begin manufacturing their own hand sanitizer with limited guidance as the spreading coronavirus dwindles supply across the country.
Google on Friday said its Google I/O 2020 developer conference will no longer take place in any capacity because of the spread of coronavirus. It originally been moved to an online event.
S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed out 2019.
The gloomy statistic from Strategy Analytics also foreshadows forthcoming trouble in the smartphone market as other countries have shut down their economies to slow the virus.
Microsoft, Adaptive Biotechnologies, Illumina and other companies are partnering on a project to map out how the human immune system responds to the virus. Most efforts, they say, are focused on the biology of the virus.
As New York City considers "shelter in place" rules and the number of coronavirus cases skyrockets, wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley.
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