"Never in the history of the IMF have we witnessed the world economy come to a standstill," said Kristalina Georgieva, managing director of the IMF, during a press conference on the pandemic.
Stocks fell on Friday to end another volatile week of trading, pressured by a spike in coronavirus-related deaths in New York while investors digested a dismal U.S. jobs report.
Ford's COVID-19 efforts are codenamed "Project Apollo." General Motors is executing "Project V" and "Project M." They come nearly 80 years after the companies responded to President Franklin Roosevelt's call to arms during World War II.
"We still need to do the definitive studies to determine whether any intervention, not just this one, is truly safe and effective," Dr. Anthony Fauci says.
Get complete CNBC business news coverage online. Find the latest regional business news pertaining to the United States of America including headlines & top stories available on the official CNBC site.