Economists: Quick rebound from recession is unlikely
Among the concerns is that people—employees and consumers alike—will remain too wary of contracting the coronavirus to return to anything resembling normal economic behavior.
Associated Press
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Study: Gilead drug proves effective in speeding coronavirus recovery
An experimental drug has proved effective against the new coronavirus in a major study, shortening the time it takes for patients to recover by almost a third on average, U.S. government and company officials announced Wednesday.
Anthem, other insurers stick to 2020 outlooks as COVID-19 pandemic spreads
Anthem Inc. and Humana Inc. became on Wednesday the latest health insurers to stick with their 2020 earnings forecasts, even as the COVID-19 pandemic forces companies in many other sectors to abandon outlooks.
NCAA board supports name, image, likeness compensation
The Indianapolis-based NCAA is moving forward with a plan to allow college athletes to earn money for endorsements and a host of other activities involving personal appearances and social media.
U.S. economy shrank at 4.8% rate last quarter as virus struck
It was the sharpest fall since the economy shrank at an 8.4% annual rate in the fourth quarter of 2008 in the depths of the Great Recession.
As earnings season reaches full swing, uncertainty is certain
Companies are being affected in different ways during the pandemic, but if there’s a common theme, it’s that the situation was bad in the first quarter, and it’s going to get worse.
Trump signs order keeping meat processing plants open
The order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open.
Companies seek to limit legal liability for virus infections
At issue is how to balance protecting businesses from lawsuits that could lead to financial ruin, while also enabling justice for customers and workers who might not have the option of leaving their jobs for something safer.
U.S. auto factories likely to stay closed another two weeks
Ford, General Motors and Fiat Chrysler factories have been idled for over a month due to fears of spreading the coronavirus.
Many states begin taking steps toward reopening; others still waiting
Across the country, an ever-changing patchwork of loosening stay-home orders and business restrictions took shape Monday. Here’s a rundown.
CDC health officials prepare new guidelines as restrictions ease
The CDC put together so-called “decision trees” for at least seven types of organizations: schools, camps, childcare centers, religious facilities, mass transit systems, workplaces, and bars/restaurants.
Indiana nursing homes see nearly 100 virus deaths over past week
Those additional deaths mean at least 260 residents from 85 nursing homes or assisted living facilities in Indiana have died with COVID-19 illnesses.
Stocks up worldwide as governments eye reopening economies
With central banks and governments promising overwhelming amounts of aid for markets and economies, some investors are looking beyond the economic devastation currently sweeping the world.
Small business loan program restarts, runs into snags
Lenders complained Monday that they couldn’t get their applications into the SBA system known as ETran that processes and approves loans.
Virus expected to reduce meat selection, raise prices
COVID-19, the disease caused by the virus, has infected hundreds of workers at meat-processing plants and forced some of the largest to close and others to slow production.
Poll finds rising support for mail voting amid pandemic
A poll from The Associated Press-NORC Center for Public Affairs Research finds Democrats are now much more likely than Republicans to support their state if it were to decide to conduct elections exclusively by mail.
Tech companies, like college athletes, eager to cash in
The Indianapolis-based NCAA is figuring out the details of how college athletes can be compensated for the use of their name, image or likeness. Social media is expected to play a huge role.
High court rules insurers can collect $12B under health care law
Insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law, the Supreme Court said by an 8-1 vote.
Another Indiana pork plant closing temporarily during pandemic
Employers have struggled to contain the virus in meatpacking plants, where workers toil side by side on production lines and often share crowded locker rooms, cafeterias and rides to work.
Flood of business bankruptcies likely in coming months
Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy.