The French and Spanish governments will on Tuesday outline detailed plans to ease their lockdowns, as more European countries seek to map out an exit route from their economically damaging measures to contain the virus.  Leaders across the region are grappling with how to balance reopening the economy with keeping the coronavirus epidemic under control.
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The World Health Organization has warned governments against issuing “immunity passports” to allow people who show antibodies for coronavirus to return to work.  As leaders across the world turn their focus to reopening their economies after weeks of social restrictions designed to contain the pandemic, many have been hoping to deploy some form of certificate
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A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending.  Even before the state shutdowns took
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Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with
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Cook County, Illinois, is bracing for a $200 million tax blow due to the economic shutdown brought about by COVID-19, the county’s finance team said Friday. That doesn’t account for an additional $60 million to $75 million whack to health system revenues, though some of that is expected to be reimbursed with hospital-related federal relief.
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The US Food and Drug Administration on Friday warned of the risk of heart problems in patients taking antimalarial drugs touted by Donald Trump as a potential treatment for Covid-19. The US drug regulator said on Friday that hydroxychloroquine or chloroquine, whether taken alone or in conjunction with the antibiotic azythromycin, could lead to heart
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US banks are pulling back from lending to European companies during the coronavirus pandemic, fuelling concerns that Wall Street may be quietly withdrawing to its home market in a repeat of the last financial crisis. Bankers, advisers and company executives said American lenders had become more cautious in underwriting bilateral and syndicated loans to large
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A potential antiviral drug for the coronavirus has flopped in its first randomised clinical trial, disappointing scientists and investors who had high hopes for remdesivir, according to draft documents published accidentally by the World Health Organization and seen by the Financial Times. The Chinese trial showed remdesivir — developed by California-based Gilead Sciences — did
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The coronavirus lockdown is doing “unprecedented damage” to European business activity as companies across the services and manufacturing sectors report a record deterioration and warn of a substantial fall in employment, according to data published on Thursday. The IHS Markit flash eurozone purchasing managers’ index for services crashed from 26.4 in March to 11.7 in
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Wisconsin drew 15 bids and new investor interest on its first green-designated bonds as it stepped into a growing primary market Wednesday with $80 million of its triple-A state revolving fund bonds. Barclays submitted the winning bid on the competitive sale with a true interest cost of 2.64%. The cover bid came from Morgan Stanley
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