New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 295,100 people across the state as of Wednesday.
Some 1.6 billion people in informal work are in danger of losing income due to the coronavirus pandemic, the International Labour Organisation has estimated.
Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was "extremely risky" for developed economies.
"We are a ways off in terms of having a vaccine available at .. that kind of scale. But in doses of millions, it could be available much sooner than that," the former FDA chief said.
New York City Health Commissioner Dr. Oxiris Barbot said last week that nearly 1 million residents probably have been exposed to the coronavirus, well above the number of confirmed cases.
In the Great Recession, IT hardware was the focus of corporate technology budget cuts. Now, with software grown to half of enterprise IT, it's no sure thing it will emerge unscathed from the coronavirus.
Hasbro reported its first-quarter earnings Wednesday, telling investors that it has a solid financial footing and is cutting costs as it prepares to meet the seasonal demand that comes in the second half of the year.
U.S. health insurer Humana reported a 17.6% rise in first-quarter revenue on Wednesday as it benefited from strong demand for its government-backed Medicare plans.