NCAA slashes distribution to member schools by $375 million
The organization had been scheduled to distribute $600 million to more than 300 Division I schools from April to June.
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Powell says Federal Reserve will provide nearly unlimited lending
Federal Reserve Chairman Jerome Powell said the Fed was “not going to run out of ammunition” when it came to helping the economy recover quickly once the threat from the virus has passed.
Indiana’s inmates still eating meals together amid pandemic
The Indiana Department of Correction said there are no known cases of COVID-19 among the nearly 27,000 offenders housed at the state’s prison, but it also concedes that it hasn’t tested any of those inmates.
A look at what’s in the $2.2T rescue package approved by Senate
Here are major highlights of the package to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic.
Stock market sees first back-to-back gains in five weeks
Stocks closed higher Wednesday, but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed.
Rural America grows more fearful as pandemic erupts in cities
Tiny towns tucked all over the country might not have had a single case of COVID-19, but their main streets are also empty and their medical clinics overwhelmed by the worried.
Factory orders showed solid gain before coronavirus reached U.S.
The Commerce Department said Wednesday durable goods orders rose 1.2% last month, rebounding from January when orders had shown a tiny 0.1% gain.
Trump, Congress agree on $2 trillion virus rescue bill
The urgently needed pandemic response measure is the largest economic rescue measure in history and is intended as a weeks- or months-long patch for an economy spiraling into recession and a nation facing a potentially ghastly toll.
Top state officials urge residents to take stay-at-home order seriously
Top Indiana officials warned Tuesday that the state’s jump in coronavirus illnesses is likely just the beginning and that obeying a new stay-at-home order is necessary.
Can blood from coronavirus survivors treat the newly ill?
A network of U.S. hospitals is waiting on permission from the Food and Drug Administration to begin large studies of the infusions both as a possible treatment for the sick and as vaccine-like temporary protection for people at high risk of infection.
Potential coronavirus treatment granted rare disease status
Experts who have studied the so-called “orphan drug” program say the company’s request—and the FDA’s decision to grant it—seem inappropriate given the rapidly expanding threat of the viral outbreak. A financial analyst, though, called Gilead’s request “pretty standard.”
Trump says he hopes U.S. will be reopened by Easter amid virus
During a private conference call with roughly 30 conservative leaders on Tuesday, Vice President Mike Pence reinforced Trump’s eagerness to lift coronavirus-related work and travel restrictions “in a matter of weeks, not months.”
Congress closing in on nearly $2 trillion virus aid package
Ravaged in recent days, the stock market climbed significantly Tuesday morning as negotiators signaled a resolution was in sight. The Dow Jones industrial average was up nearly 9% at noon.
Automakers preparing to produce ventilators, respirators
General Motors—which hopes to make ventilators in Kokomo—and Ford Motor Co. are among automakers that are throwing their design and production prowess behind two other manufacturers’ efforts to build more ventilators and respirators for health care workers and first responders.
UPDATE: Tokyo Olympics officially postponed until 2021 because of pandemic
The International Olympic Committee said the games will be held “not later than summer 2021” but they will still be called the 2020 Tokyo Olympics.
Negotiators near $2T deal for federal virus aid after tensions flair
Top congressional and White House officials emerged from grueling negotiations at the Capitol over the $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday.
USA Gymnastics among growing chorus asking for Olympics delay
USA Gymnastics President Li Li Leung said Monday that a majority of senior national team members indicated in an anonymous survey that they would prefer the games be postponed due to the coronavirus pandemic.
UPDATE: Fed to buy as much government debt as needed to aid economy
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis. Financial markets sharply reversed themselves after the announcement.
Ohio to enact stay-at-home order as virus cases spread
California, New York, Illinois, New Jersey, Connecticut and Louisiana also have issued similar orders.
Congressional rescue talks churn as crisis deepens
Top-level negotiations between Congress and the White House churned into the night Sunday over a now nearly $2 trillion economic rescue package. The draft aid bill was declared insufficient by Democrats, who argued it was tilted toward corporations.