GM begins mass production of ventilators for U.S. government
General Motors Co said on Tuesday it has started mass production of ventilators needed to treat severely sick coronavirus patients and would deliver the first batch of the medical equipment to the United States government this month.
Fed officials see risks in reopening economy too soon, but acknowledge need to move
U.S. Federal Reserve officials have begun grappling with the complexities of how to simultaneously reopen the country’s economy and protect against a resurgence of coronavirus infections, goals they have argued cannot be successfully separated.
Two big U.S. banks offer glum outlook for coronavirus recession
The main things investors wanted to learn from first-quarter results by JPMorgan Chase & Co and Wells Fargo & Co on Tuesday was just how bad the coronavirus recession is going to get and how long it will take to get back to normal.
GM says it is ready to deliver first batch of critical care ventilators
General Motors Co said on Tuesday the first batch of ventilators needed to treat severely sick coronavirus patients were ready for delivery to the United States government.
J&J sees medical devices business recovery at end of year after taking coronavirus hit
Johnson & Johnson on Tuesday said it expects its medical device business to begin recovering in the fourth quarter as elective medical procedures delayed by the coronavirus pandemic start to resume.
Republicans warn coronavirus aid program running out of cash
Republicans in the U.S. Senate and the Trump administration on Tuesday warned that a key program to help small businesses survive the coronavirus pandemic was running out of money, pressuring Democrats to agree on an emergency infusion of aid.
Fiat Chrysler bolsters cash with $3.8 billion syndicated credit
Fiat Chrysler said on Tuesday it had successfully completed the syndication of a 3.5 billion euro ($3.8 billion)credit facility which it had agreed last month with two banks.
Apple launches site to show how coronavirus lockdowns affect movement
Apple Inc said on Tuesday it would release data that could help inform public health authorities on whether people are driving less during lockdown orders to slow the spread of the new coronavirus.
Wall Street surges on hopes of lockdown easing; JPMorgan kicks off earnings
Wall Street jumped on Tuesday as hopes that President Donald Trump could move to ease coronavirus-induced lockdowns overshadowed dismal quarterly earnings reports from JPMorgan and Wells Fargo.
Oil slides 6% as producer cuts fail to banish demand fears
Oil prices fell around 6% on Tuesday as investors doubted that record OPEC+ supply cuts would soon balance markets as demand plunges due to the coronavirus pandemic.
