CNBC Business

United shares are down nearly 70% this year but the company is seeking to raise money as coronavirus devastates the airline business.

Members of the coronavirus task force are expected to hold a press briefing Tuesday as officials across the federal, state and local levels rally to provide economic relief to Americans while also curbing the spread of the virus.

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

Delta's CFO, Paul Jacobson, was supposed to retire this year but rescinded his plans as coronavirus hurts the business.

Rick Bright, one of the nation's leading vaccine development experts and the director of the Biomedical Advanced Research and Development Authority, is no longer leading the organization, officials told STAT News.

Evidence suggests the coronavirus originated in bats in China in late 2019 and was not manipulated or constructed in a laboratory, the World Health Organization said.

The United Auto Workers union said Tuesday that it is endorsing Democratic former Vice President Joe Biden for president, citing an "assault on worker rights to organize and fair wages" under President Donald Trump.

General Motors is shutting down its Maven car-sharing business, a once emerging mobility brand for the automaker.

The state now has 1,000 people working online and through its phone system to process the high volume of unemployment claims, Gov. Andrew Cuomo said.

New Jersey Gov. Phil Murphy is holding his daily press conference on the Covid-19 outbreak, which has infected more than 88,800 people in the state as of Tuesday.

The wealthy aren't traveling and businesses have cut all nonessential travel, forcing private jet companies to scramble to cut costs to maintain basic operations.

Regulators at the U.S. Food and Drug Administration on Tuesday authorized the first coronavirus test that lets people collect a sample at home.

A vaccine developed by researchers at Oxford University will be tested on people on Thursday, U.K. Health Minister Matt Hancock said.

"What's needed is not another version of PPP. Again, good intent but it's the wrong medicine," Howard Schultz told CNBC.

Georgia Gov. Brian Kemp will allow movie theaters in his state to reopen starting April 27, but it's not like that many will. Major theater chains aren't going to be able to flick a switch and open their doors for business.

The possible destruction of the U.S. economy must be weighed against the diminishing health risks from the coronavirus, real estate mogul Barry Sternlicht told CNBC on Tuesday.

He said the stockpile will be filled with locally produced face shields, surgical gowns, test kits and ventilators and the city will also buy equipment from elsewhere as needed.

Global health officials question if antibody testing can accurately determine whether a person has any immunity to the disease.

Georgia's move came amid a wave of announcements mostly by Republican governors about how states will reopen their economies.

Health experts say there needs to be much more Covid-19 testing to better monitor the spread of coronavirus as states seek to reopen businesses and social settings.