Category: coronavirus
FAANG stocks diverge in performance as coronavirus reaches critical period
It’s looking to be another wild week on Wall Street, with index futures showing hefty drops in the 5% range following the Fed’s announcement over the weekend of an interest rate cut and an expansion of quantitative easing. Around the world, markets in Europe were down heavily as traders surveyed…
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First U.S. clinical human trial of potential coronavirus vaccine set to start Monday
A human clinical trial of a potential vaccine for the new coronavirus will begin on Monday, the AP reports. The trial, which will test the effects of an experimental vaccine shot developed by the National Institutes of Health and drugmaker Moderna, won’t make use of either an active or inactive…
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Startups developing tech to combat COVID-19 urged to apply for fast-track EU funding
The European Commission put out a call Friday for startups and small businesses which are developing technologies that could help combat the COVID-19 outbreak to apply for fast-track EU funding. The push is related to a €164M pot of money that’s being made available for R&D via the European Innovation…
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CDC issues new guidance against gatherings of 50 or more people for the next 8 weeks
The U.S. Centers for Disease Control and Prevention (CDC) has updated its guidance (also available in full below) regarding large group gatherings and events in light of the ongoing effort to combat the spread of coronavirus in the country. The new CDC guidance recommends against holding any events or group gatherings…
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As social distancing measure, Starbucks temporarily shifts to ‘to go’ model in US and Canada
Beginning today, Starbucks is instituting a temporary move to a “to go” model for all of its locations in the U.S. and Canada. One of the more sweeping actions taken by a major food chain, the coffee giant is looking to adhere to advice about social distancing among an exponential…
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Trump says Google CEO Sundar Pichai called to apologize
At what is now a daily coronavirus press briefing at the White House, President Trump today said that Google CEO Sundar Pichai called him to apologize. What Pichai apologized for wasn’t immediately clear, but Trump then went on to praise Google’s communications team for supposedly substantiating Trump’s comments about Google’s…
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