CNBC Business

Billionaire Richard Branson has said that a loan from the U.K. government is necessary to help his airline business Virgin Atlantic survive the coronavirus crisis.

Zipline has begun delivering Covid-19 test samples via drone in Ghana's two largest cities. The start-up also has been working with the FAA to accelerate their launch of U.S. operations so it can distribute test kits and personal protective equipment via drone.

"That joy and that pride that all of these events bring, that celebration, will be back," de Blasio promised.

Experts say the pandemic may impact how long it will be until cannabis becomes legal for adult use. Here's why.

Work-from-home plays rise broadly. Boeing falls.

The former FDA chief told CNBC on Monday employers need to have specific plans in place for how to safely return workers to the office or shop floor.

United said it lost $2.1 billion in the first quarter, some of the first detail of damage from coronavirus on the airline business.

Many mid-sized retailers do not qualify for government relief programs. The National Retail Federation wants more government aid in hopes of saving thousands of jobs during the coronavirus pandemic.

The number of coronavirus infections in Southeast Asia has risen quickly in recent weeks, with mounting worries among experts that the region could turn into the next hot spot.

Shake Shack will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 248,400 people across the state as of Monday.

The virus has infected more than 2.4 million people worldwide and killed more than 165,000, according to data compiled by Johns Hopkins University.

European stocks were flat on Monday as global coronavirus developments and a fall in U.S. oil prices were in focus.

The state is grappling with the worst outbreak in the U.S. with more than 248,417 of the nation's 759,786 cases.

The number of people diagnosed with the coronavirus in Spain has now surpassed 200,000, the country's health ministry said on Monday.

"We've had a little difficulty with one so we're calling in, as in the past you know, we're calling in the Defense Production Act and we'll be getting swabs very easily," Trump said.

Dow futures point to a sharp drop at Monday's open as the May contract on West Texas Intermediate crude collapses.

The deal would allocate $310 billion into the Paycheck Protection Program and $60 billion for the Economic Injury Disaster Loan program.

Germany needs to understand it will have to fund the post-pandemic recovery across Europe, Spain's economy minister told CNBC Monday.

Russia's handling of the virus could damage the credibility and legitimacy of President Vladimir Putin and the Kremlin, experts say.