Coronavirus

Credit

Congress Includes PPP Extension in New Relief Bill

PPP borrowers will also be able to deduct expenses paid for with their loans, reversing an earlier IRS decision.

Matthew Heller
December 21, 2020
Strategy

WarnerMedia Plans More Layoffs as Virus Bites

“Like the rest of the entertainment industry, we have not been immune to the significant impact of the pandemic."
Coronavirus

California Governor Vetoes Return-to-Work Bill

The requirements of the bill "place too onerous a burden on employers navigating the tough challenges” of the pandemic, Gov. Gavin Newsom says.
Coronavirus

GOP Senators Offer 6-Month Lifeline for Airlines

A new $28 billion relief package would avert layoffs of airline employees as the industry continues to struggle with the COVID pandemic.
Coronavirus

Trump Signals Support for More Airline Aid

"We’ll be helping the airlines, you have to help the airlines,” the president says as carriers warn of layoffs.
Coronavirus

J&J Speeds Up Timeline for Coronavirus Vaccine

After lagging behind other companies, J&J now expects to begin a late-stage study of its vaccine candidate in September.
The Economy

Starbucks Sees ‘Rapidly Evolving’ Consumer Preferences

The coffee chain said it expects to accelerate the development of pickup locations in major U.S. cities over the next 18 months.
Fraud

Feds Net 57 People in Probe of PPP Loan Scams

The defendants allegedly tried to steal a total of $175 million from the program, which some had feared would be a magnet for fraud.
Coronavirus

Moderna Stock Soars on COVID Vaccine Results

Interim data from a Phase 1 study showed Moderna's vaccine candidate stimulated an immune response against the virus in people.
The Economy

Households’ Money Problems Started Back in March

About 13% of adults reported that they lost a job or were furloughed in March or the beginning of April this year.
Coronavirus

Marriott Takes Revenue Hit From Empty Rooms

“In the last few months, we have seen the impact of COVID-19 spread throughout our business in an unprecedented way."
Coronavirus

Gilead Works to ‘Maximize Global Supply’ Of Coronavirus Candidate Remdesivir

"Close coordination of remdesivir manufacturing will be critical," said Gilead Sciences.
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