U.S. House to pass $500 billion coronavirus bill as next fight looms
The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
Facebook gets rid of ‘pseudoscience’ ad-targeting category
Facebook Inc has removed “pseudoscience” as an option for advertisers that want to target audiences, a category available until this week even as the world’s largest social media network vowed to curb misinformation about the COVID-19 pandemic.
Wall Street trims gains after report on coronavirus drug trial
Wall Street was in positive territory on Tuesday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial.
Zoom users top 300 mln despite growing ban list, shares hit record
Zoom video conferencing app’s user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.
Lufthansa aims to finalise 10 billion euro rescue package next week: sources
Lufthansa aims to finalise a state aid rescue package worth up to 10 billion euros ($10.8 billion) next week after the coronavirus crisis forced it to ground almost all of its planes, people close to the matter said.
On ‘very, very sad day,’ U.S. House to pass coronavirus aid as unemployment soars
The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
New York test of 3,000 people finds 14% with coronavirus antibodies
New York Governor Andrew Cuomo said on Thursday a screening of 3,000 people found nearly 14% tested positive for antibodies for the novel coronavirus, suggesting that 2.7 million residents across the state may have been infected with the disease.
Some Americans prepare to go back to work as jobless claims spike over virus
Some businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic.
GM ignition switch settlement with vehicle owners wins U.S. court approval
General Motors Co on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.
U.S. coronavirus deaths top 48,000, averaging 2,000 lives lost a day: Reuters tally
U.S. coronavirus deaths topped 48,000 on Thursday as the number of lives lost in April rises by an average of 2,000 a day, according to a Reuters tally.
