Trump Signs $484 Billion Virus Rescue Package

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Trump Signs $484 Billion Virus Rescue Package

(Bloomberg) — President Donald Trump on Friday signed a $484 billion spending package that includes more money for small businesses, the latest bid by Washington lawmakers to rescue an economy devastated by the coronavirus pandemic. “Great for …
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Outgoing AT&T CEO Randall Stephenson leaves behind a checkered tenure

AT&T CEO Randall Stephenson announced his retirement Friday, effective July1, 2020. I’m reminded of this “Seinfeld” line: “Kudos, Elaine, on a job….done.” When Stephenson took over AT&T as CEO in May 2007, the company’s stock price was $39.47.
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FDA Warns of Risks With Trump-Promoted Malaria Drug

WASHINGTON — The U.S. Food and Drug Administration is warning doctors against prescribing a malaria drug widely touted by President Donald Trump for treating the new coronavirus outside of hospitals or research settings. In an alert Friday, regulators …
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Sanofi CEO warns Europe on cornavirus vaccine race

PARIS (Reuters) – Sanofi’s chief executive on Friday urged stronger European co-ordination in the hunt for a vaccine against the new coronavirus, criticising Europe for being too slow to act in a fiercely competitive global race. The French drugmaker is …
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Fed Reports Financial Details on 3 Key Support Programs

WASHINGTON — The Federal Reserve had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic. In a report to Congress that provided a look at the three …
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