CNBC Business

The government hopes to send out its first round on April 6 and the second on May 18. It will base payment amounts on income level and family size.

"This could in a very short time give hope to the most critical people," Regeneron Chief Scientific Officer Dr. George Yancopoulos told CNBC.

The Dow's drop pushed the index below the level where it closed on Jan. 19, 2017, the day before Trump took office.

Trump has repeatedly called coronavirus the "Chinese virus" on Twitter, including in a tweet announcing his press conference Wednesday.

Nearly 6% of the children's cases were severe or critical, compared with 18.5% for adults, according to the new study.

Financial scammers are likely gearing up to steal any money Americans might receive as coronavirus relief, according to the the Federal Trade Commission.

The U.K. government said Wednesday it plans to shut schools in England as a result of the coronavirus pandemic.

The country is also ceasing all visas-on-arrival beginning Thursday.

Lawmakers on both sides of the aisle have supported relief to certain industries. But there may be a dispute over paid time off for employees.

A payroll tax cut would benefit the richest Americans, while sending checks to each U.S. household to prop up the economy would favor the poor, according to a new analysis.

U.S. mall owners are grappling with mounting retail and restaurant closures and local mandates shutting down nonessential retail, as businesses work to curb the spread of COVID-19.

The United States border with Canada will temporarily close to "non-essential traffic" due to the coronavirus pandemic, President Donald Trump and Prime Minister Justin Trudeau said.

The new coronavirus will infect half of the global population and have a fatality rate of up to 3%, analysts said Wednesday.

The collaboration aims to harness tech like artificial intelligence and data science.

Cuomo said that such drastic policies would create more fear amid the COVID-19 outbreak, which has now infected more than 6,500 people across the U.S. and killed at least 115, according to Johns Hopkins University.

Members of the task force created to address the deadly coronavirus outbreak are expected to hold a press briefing Wednesday at the White House as state and local authorities take drastic measures to slow the spread of the disease.

The National Restaurant Association is asking the federal government for financial relief for the industry as it forecasts sales declines of $225 billion over the next three months due to the coronavirus outbreak.

Among the measures being taken to stay safe during the coronavirus pandemic, Americans could finally be ready to embrace contactless payment methods, after years of reluctance.

"Big Brother" contestants in Cologne were told about the pandemic via a video shown on live TV on Tuesday evening.

World Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has now infected more than 200,000 people.