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.
Designs for the project were approved in 2018 and included nine condos, 4,500 square feet of ground-floor retail space and a 17-space underground parking garage.
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.
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.
Lev will retain its name and operations in Indianapolis after being acquired by Cognizant, a publicly-traded company making its third cloud-related acquisition this year.
First came the order to close up. Then the laying off of staff. Now small-business owners across the U.S. are bleeding cash and wading through paperwork to get financial assistance.
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.
Excitement about treating the new coronavirus with malaria drugs is raising hopes. But the evidence that they may help is thin, and a run on the drugs is complicating access for people who need them for rheumatoid arthritis or lupus.
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.
Upscale restaurant Hedge Row and the more casual Next Door both opened in Indianapolis in 2018. Both are part of The Kitchen Restaurant Group founded by Kimbal Musk.
The numbers are skyrocketing as businesses close as part of efforts to stop the spread of the coronavirus.
Dick Pound of Canada, the longest-serving International Olympic Committee member, told USA Today “postponement has been decided,” but the IOC gave no indication Monday that a delay was certain.
The move comes as doctors, nurses and hospitals across the country plead with federal officials to provide more critical medical supplies.
