CNBC US News

The federal government will allow firms to begin manufacturing their own hand sanitizer with limited guidance as the spreading coronavirus dwindles supply across the country.

Google on Friday said its Google I/O 2020 developer conference will no longer take place in any capacity because of the spread of coronavirus. It originally been moved to an online event.

SpaceX got a key government license for its Starlink satellite internet network, federal filings reveal.

A State Department spokesperson said that the space was "deliberately and professionally disinfected."

The U.S. argues that its "maximum pressure" campaign against Iran does not stop the flow of humanitarian goods.

S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed out 2019.

The gloomy statistic from Strategy Analytics also foreshadows forthcoming trouble in the smartphone market as other countries have shut down their economies to slow the virus.

Microsoft, Adaptive Biotechnologies, Illumina and other companies are partnering on a project to map out how the human immune system responds to the virus. Most efforts, they say, are focused on the biology of the virus.

Check out the companies making headlines in midday trading on Friday.

Officials at the coronavirus briefing also said that people without proper documentation will be turned away from the U.S.' borders.

As New York City considers "shelter in place" rules and the number of coronavirus cases skyrockets, wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley.

Marc Short also suggested that President Trump will probably not consider locking down the counties hardest hit by the coronavirus.

The Senate has been under immense pressure to get a deal done with the House and administration as quickly as possible, as cash dries up for some American companies.

Members of President Donald Trump's coronavirus task force hold a press briefing Friday at the White House as authorities on the local, state and federal levels take drastic measures to slow the spread of the disease.

Some Kraft Heinz factories are working three shifts a day to meet increased demand for its products as stockpiling for the coronavirus pandemic has left many grocery store shelves bare.

Thus far, the central bank has limited its efforts to Treasurys and mortgage-backed securities.

Indiana will move its 2020 primary to June 2 from the originally planned May 2 in response to the deadly coronavirus outbreak, Gov. Eric Holcomb announced Friday.

Biden calls for a ban on stock buybacks as Democrats say industries getting relief in a coronavirus bailout bill should not repurchase shares.

Bloomberg scrapped plans to form an independent expenditure group to support the Democrat in the 2020 presidential election against Trump.

The spring housing market was on its way to becoming the strongest in over a decade, but it will likely turn sharply lower, as the economy shuts down in the face of the coronavirus.