An additional 4.4 million Americans filed for jobless claims last week, bringing the total to 26 million over the past five weeks. And, despite the shift to remote work and the surge in demand for certain online services, tech is not immune to the pullback. Jobs openings nationwide across the industry dropped more than 20 percent between mid-March and mid-April, according to analysts at Glassdoor.
"I actually think long-term the best cyclical play out there are the very large banks," said Steve Eisman, senior portfolio manager at Neuberger Berman.
Rick Bright claims he was dismissed from leading a federal agency dealing with the coronavirus outbreak after resisting pressure to expand the use of drugs promoted by President Donald Trump.
"We expect to finish enrollment of all 40 volunteers before the end of April," Inovio CEO Dr. Joseph Kim told CNBC. The biotech firm has begun phase one trials.
"I think the report was incorrect, let me just put it that way," Trump said when asked at a White House press briefing if he knew of Kim Jong Un's condition.
"We need to lean in even more to get the messages around value and around how we can safely serve our customers," Domino's Pizza CEO Ritch Allison said.
The administration is now also calling on states to resume elective surgeries, which were largely suspended as health systems sought to boost capacity for an expected surge of Covid-19 patients, Pence announced.
Amazon backed a study at Columbia University to help determine if it's safe and effective to give plasma collected from those who have recovered from the Covid-19 virus to other severely ill patients.
Jyri Engestrom and Cyrus Harman from Bolinas, California were inspired by a story of an Italian village that tested all its residents and was reportedly able to eradicate novel coronavirus as a result. They wanted to do the same thing for their tiny beach community. Since April 10, the pair (who were strangers before the pandemic) have raised more than $300,000 and have helped to test more than 70% of residents.
Ruth's Chris Steakhouse owner, Ruth's Hospitality Group, announced Thursday that it is repaying the $20 million it received under the federal government's Paycheck Protection Program (PPP).