CNBC Business

Coronavirus testing advances, including antigen tests, are changing the battle to slow the spread of Covid-19, according to Verily co-founder Jessica Mega and Becton Dickinson CEO Tom Polen.

The U.S.-based pharmaceutical giant, which is working alongside German drugmaker BioNTech, last week dosed its first participants in the United States with a potential Covid-19 vaccine.

Other states, such as Georgia, which has one of the most ambitious and earliest reopening plans, have yet to report an uptick in cases.

It could also set states back "on the road to try to get back to an economic recovery," Fauci tells senators.

IHS Markit sees the oil recovery playing out in three distinct phases.

Boeing customers scrapped orders for more than 100 737 Max planes, further denting the company's backlog.

Hyatt Hotels said it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors.

Luckin Coffee said it has fired its CEO and COO as part of an internal investigation into sales fraud.

These are the stocks posting the largest moves in midday trading.

Fauci testified in front of the Senate Committee on Health, Education, Labor and Pensions about the road to reopening businesses.

"We are going to see a gradual opening, and I think there's going to be a few ups and downs," Under Armour CEO Patrik Frisk told CNBC.

The Broadway League announced that the Great White Way's 41 theaters will remain closed through at least Sept. 6.

"The quicker a parent reports, then the quicker a health-care professional can evaluate, the more chance of protecting the child and seeing them through this challenge safely," de Blasio said.

The Swedish government has pledged to spend an additional 2.2 billion Swedish krona ($226 million) on care for the elderly, as its death toll from the coronavirus continues to rise.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 337,000 people across the state as of Tuesday .

The U.S. should be wary of working too closely with China in order to protect its own democracy, according to billionaire George Soros.

Under Armour has been negotating payment terms with some of its athletes to reduce costs during the coronavirus crisis.

Disney and Lin-Manuel Miranda revealed that the filmed version of the Tony Award-winning musical "Hamilton" would arrive on the company's streaming platform on July 3.

Boeing's CEO Dave Calhoun told NBC's the "TODAY" show "Traffic levels will not be back to 100%. They won't even be back to 25%. Maybe by the end of the year we approach 50%. So there will definitely be adjustments that have to be made on the part of the airlines."

CNBC's Jim Cramer told CNBC on Tuesday he sides with Elon Musk in the Tesla CEO's fight with county officials over reopening the company's auto plant in Fremont, California.