CNBC Business

The urgency to ramp up coronavirus testing in the U.S. "has eased the usual scrutiny" applied by the Food and Drug Administration before the release of a new test, according to the authors of the study.

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

"In a market that's suddenly rolling over ... we need to circle the wagons around high-quality stocks that we can confidently buy into this newfound weakness," the "Mad Money" host said.

The "Mad Money" host instructs investors to keep their eyes on the food and drug stocks as a sign to start building a position in the market.

Georgia's new coronavirus cases have plateaued, but it could take until the end of the month to know the effects of reopening the economy.

Customers' grocery shopping patterns may look different from prior economic downturns, though, since people are juggling health concerns along with budget-consciousness.

Chicago-based sporting good company Wilson will take over as the exclusive manufacturer of NBA basketballs.

"While that can ruffle some feathers along the way, many investors adore absolutely adore that and see that as a strength," Morgan Stanley's Adam Jonas said on "Squawk Alley."

Five percent to 10% of pre-Covid-19 demand could be decimated permanently, as "lost store volume can't entirely be made up online," Wells Fargo retail analyst Ike Boruchow said.

Pent-up demand is driving a luxury rebound in China. But globally, the spending of the rich is likely to change dramatically after the crisis.

Major League Baseball discussed a plan with its players union outlining health protocols to start the 2020 regular season interrupted by the Covid-19 pandemic.

Another protest is scheduled to take place at the Michigan Capitol building on Thursday.

The House subcommittee tasked with overseeing the country's coronavirus response is scheduled to hold its first briefing on Wednesday where members will discuss reopening the nation's economy.

The Atlantic hurricane season's first tropical storm could develop near Florida and the Bahamas this weekend, continuing a trend toward more preseason storms in the Atlantic in recent years.

A NASA presentation published on Wednesday outlined just how much the agency expects the Commercial Crew program will save taxpayers.

"The worst thing that could happen," economically, is that a country reopens and then has to shut down again to respond to a resurgence of the virus, said WHO official Dr. Mike Ryan.

The hackers have been caught attempting to "identify and illicitly obtain valuable intellectual property" and public-health data related to coronavirus research, according to the U.S. government.

Bob Diamond, former Barclays CEO and Colby College trustee, told CNBC that the school could delay the start of the fall semester to ensure in-person classes take place.

"There should be some amount of fans in the stadiums, depending on what locale and where you are and what the local rules are," Carolina Panthers owner David Tepper told CNBC.

Roughly 1.8 million residents struggling with unemployment due to the coronavirus pandemic have filed claims, roughly six times the number of claims filed during the 2008 financial crisis, officials said.