CNBC Business

The world's two largest economies have been embroiled in a long-drawn trade war and are now in a tussle over issues surrounding the coronavirus pandemic.

Scientists in Singapore are developing a vaccine for the coronavirus, with hopes that early-stage clinical trials could come as soon as next month, according to a professor at Duke-NUS Medical School.

The coronavirus has infected more than 4.93 million people globally and killed at least 324,240 people as of Wednesday.

The acclaimed star said he had "grieved" after the crisis forced his band to cancel a world tour.

Ford closed and then reopened its Chicago Assembly plant twice in less than 24 hours after two workers tested positive for Covid-19. It also sent workers home early Wednesday at a plant in Michigan due to a worker testing positive.

Federal officials on Wednesday arrested two men, including a former special forces soldier, wanted by Japan for their alleged involvement in assisting in the escape of former Nissan Motor boss Carlos Ghosn out of the country in December.

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

"This market's been going through leadership groups like there's no tomorrow," the "Mad Money" host said.

Aurora Cannabis has agreed to buy U.S.-based CBD company Reliva, giving the struggling Canadian company a business foothold in America.

"To all my fellow CEOs out there running large companies: Let's do our part to help the small businesses get back up and going," Lowe's CEO Marvin Ellison said.

The big-box retailer said in an earnings call Wednesday that it's looking to new technology and sort centers to help keep up with e-commerce demand and drive down costs.

Michigan Attorney General Dana Nessel said state law requires President Donald Trump to wear a mask guarding against coronavirus when he visits a Ford factory.

Almost two-thirds of the Covid-19 cases were reported in just four countries, WHO Director-General Tedros Adhanom Ghebreyesus said.

L Brands said Wednesday it still remains committed to make Bath & Body Works a "pure-play public company," with Victoria's Secret operating as another standalone business.

The collapse of the Edenville Dam and the Sanford Dam in Michigan released floodwaters that have inundated houses and businesses along the Tittabawassee River and prompted the National Weather Service to issue a rare flash-flood emergency.

The 60-page document comes weeks after some states announced that they would lift stay-at-home orders and would begin reopening parts of their economies.

Lowe's Chief Executive Marvin Ellison said its large base of DIY customers has helped the company pick up sales, even as the pandemic slowed down construction and renovation projects.

Stocks rose sharply on Wednesday after strong retail earnings from the likes of Lowe's and Target. Three experts weigh in on what it could mean for the market.

Meg Tirrell is joined by Dr. Kari Stefansson, CEO of deCODE genetics in CNBC Events' Healthy Returns: The Path Forward digital series. They discuss how Iceland's strategy to track the spread of coronavirus through an aggressive testing and tracing program can be applied in U.S. and new research that reveals how travelers from New York City became the primary spreaders of the virus domestically.

The company benefited in the quarter from the home improvement industry's busiest time of the year, spring, and sales remained high through the beginning of May, the company said.