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.
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.
Investors are also still waiting to see the details of Washington’s plan, which will include direct payments to most Americans and aid for hard-hit industries. It’s unclear when the House of Representatives could vote on the plan.
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.
The Indiana Election Commission on Wednesday morning voted to make casting a ballot by mail an option for all voters, along with approving several other updates to reflect the new June 2 primary election date.
The Indiana State Department of Health reported that 3,365 people have been tested so far, up from 2,931 people in the previous day’s report.
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 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.
The new outbreaks at Amazon’s U.S. facilities come days after the online retail giant announced plans to hire 100,000 new workers to help cope with the flood of orders that have clogged its system.
The county ordered liquor stores, banks and insurance companies to cease normal operations and shift to offering only drive-thru, delivery and curbside services.
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.
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.”
The 11.4% gain was the Dow’s biggest since 1933. The huge jump was a sign of investor belief that Congress has no alternative than to pass a $2 trillion rescue of a U.S. economy that is on life support.
Indiana Family and Social Services Administration Secretary Jennifer Sullivan said during Tuesday’s press conference that organizers have secured a location to quarantine those experiencing the virus and homelessness.
The U.S. relief packages being considered don’t directly address rents. But the Federal Reserve’s actions may give banks the leeway to defer mortgage payments, allowing property owners to delay rent.
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.”
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.
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.
The grants announced Tuesday range from $20,000 to $750,000 and were awarded to human service organizations in Boone, Hancock, Hamilton, Hendricks, Marion and Morgan counties.
The Indiana State Department of Health on Tuesday morning said 2,931 people have been tested, up from 1,960 people in the previous day’s report.
