Some businesses won’t return PPP funds despite pressure from Trump administration
Facing criticism, several public companies quickly announced plans to return the money. Others say they need the funds and have no plans to return them.
Facing criticism, several public companies quickly announced plans to return the money. Others say they need the funds and have no plans to return them.
One senior administration official with knowledge of the discussions said Trump has no deep affection for Alex Azar but is unlikely to change Health and Human Services secretaries as the coronavirus continues to rage.
Less than a week after laying off more than 10% of its staff, Indianapolis-based USA Track & Field released tax records Wednesday that showed compensation figures for CEO Max Siegel.
Increasingly, doctors are reporting bizarre, unsettling cases that don’t seem to follow any of the textbooks they’ve trained on. The concern is so acute some doctor groups have raised the controversial possibility of giving preventive blood thinners to everyone with COVID-19.
Centers for Disease Control and Prevention Director Robert Redfield said Tuesday that a second wave of the novel coronavirus will be far more deadly because it is likely to coincide with the start of flu season.
The $484 billion legislation would increase funding for the Paycheck Protection Program by $310 billion, boost a separate small business emergency grant and loan program, and direct billions to hospitals and a new coronavirus testing program.
The federal rescue measure was designed for companies with fewer than 500 workers, but Small Business Administration guidelines allow some bituminous coal mining firms with up to 1,500 employees to qualify for the loans.
Officials on both sides said the goal was still to pass the agreement at a 4 p.m. Senate session on Tuesday, although it was not certain whether that could be achieved.
One month after the pandemic forced the cancellation of the lucrative NCAA men’s basketball tournament, officials at athletic departments and college sports conferences across the country remain puzzled by one question: Why wasn’t the NCAA better prepared for this?
Investors expect Monday’s volatility to stay in place in coming days as Wall Street heads into the thick of the earnings season.
Even as governors, mayors and the federal government urge or require Americans to wear masks in stores, transit systems and other public spaces to contain the spread of the novel coronavirus, the nation is divided about whether to comply.
U.S. Treasury Secretary Steven Mnuchin has instructed the Internal Revenue Service to get payments out as fast as possible, but numerous glitches are delaying payments and causing confusion.
The roster of potential therapies includes new antivirals, older antivirals, anti-inflammatory drugs, stem cell therapies, antiparasitic drugs, and even treatments for erectile dysfunction.
While the NFL has just begun pondering a shortened season, the other major U.S. leagues are already in various stages of exploring their most feasible paths to resumption.
President Donald Trump spent much of his day hosting conference calls with company executives, industry groups and others he announced Tuesday as part of a hastily formed outside advisory council devoted to the issue.
A series of wrenching numbers were issued Wednesday on retail sales, oil prices and bank profits that knocked a stock rally off its tracks and hit the pause button on investor optimism.
It’s one of the biggest unknowns about the coronavirus, one that determines what comes next for hundreds of thousands of Americans who have endured COVID-19 and now appear to be fully recovered.
The technology works by harnessing short-range Bluetooth signals. Using the Apple-Google technology, contact-tracing apps would gather a record of other phones with which they came into close proximity.
Amazon said Thursday that it is developing a lab to screen its workers for the coronavirus, showing that more visibility into who is infected is essential to returning its business to normalcy.
Sanders planned to talk to his supporters later Wednesday.