SoftBank had planned a $3 billion tender offer for WeWork shares, which were privately held, along with a $1.5 billion acceleration of equity it has already committed and $5 billion in syndicated debt. The financing package was meant to save WeWork from an impending cash crunch last year.
Lobbying groups representing the country's travel and tourism industry met the White House on Tuesday to meet with President Donald Trump and other officials to discuss the devastating economic impact of the pandemic.
As the growing economic impacts of the coronavirus roll through the U.S., some of the nation's largest mortgage lenders are already getting calls from borrowers, concerned they won't be able to make their monthly payments. Both government and independent regulators for the mortgage industry are now working on plans to deter another foreclosure crisis.
"No," President Donald Trump said in January when asked if there were worries about coronavirus becoming a pandemic. "We have it totally under control," he said at the time.
The International Olympic Committee reaffirmed its commitment to push ahead with the 2020 Summer Olympics in July without delay, but officials and potential participants are starting to get skeptical.
President Donald Trump spoke with the chief executives of the largest U.S. restaurant companies on Tuesday about the response to the coronavirus outbreak.
Video calling company Zoom is hot in the coronavirus-induced work-from-home craze. Cisco's Webex is getting major user growth too, but isn't bragging as much.
The virus — which has already killed more than 7,167 people and infected more than 183,000 people around the world — is spreading as the Iranian regime deals with intensifying U.S. sanctions.
It could not be immediately determined what steps McConnell is pushing for, but the stipulations around paid time off were a thorny issue in negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.
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