The package emerging is expected to include hundreds of billions of dollars in aid for ailing small businesses and jobless Americans and a one-time check of between $600 and $700 for millions of Americans below a certain income threshold.
U.S. officials say they’re actively negotiating for additional purchases of Pfizer’s coronavirus vaccine after passing up a chance to lock in a contract this summer since it was still unclear how well the shots would work.
The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress—a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
Top congressional leaders are hoping to seal a deal as early as Wednesday that would extend aid to individuals and businesses and help ship coronavirus vaccines to millions.
Marion County saw another 964 more COVID-19 cases and 18 more deaths, bring cumulative totals to 60,483 cases and 1,006 deaths.
Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy.
Vice President Mike Pence stressed the need for Americans to stay focused on limiting the spread of the virus before a vaccine is in widespread use.
The vaccine appears poised for regulatory clearance after a detailed data review by Food and Drug Administration scientists confirmed the two-shot regimen was “highly effective” in a clinical trial and carried no serious safety concerns.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year.
Rank-and-file Democrats appear increasingly resigned to having to drop, for now, the party’s demand for fiscal relief for states and local governments whose budgets have been thrown out of balance by the pandemic.
As a homebound nation increasingly shops online for holiday gifts, private express carriers FedEx and UPS have cut off delivery service for some retailers, sending massive volumes of packages to the Postal Service and creating major delays.
A company spokesperson said the test will be priced around $30 and be available at pharmacies and online. The test connects to a digital app to help users interpret the results.
Despite the drop in cases, newly reported deaths due to COVID-19 surged to 129, the second-highest number of new deaths ever contained in the daily report. Testing was at its lowest mark since Nov. 1.
The rivalry game between Indiana University and Purdue University, which has been played every year since 1920, was canceled for the second time in two weeks—and the third time this season.
Lilly stock climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment.
Eli Lilly and Co. on Tuesday announced that it is buying New York-based Prevail Therapeutics Inc., an emerging player in the sizzling-hot area of gene therapies, which targets Parkinson’s disease and other brain-related maladies.
U.S. officials reiterated their projection that 20 million Americans will be able to get their first shots by the end of December, and 30 million more in January.
Regulators on Monday unveiled what they are calling “Operation Income Illusion,” a yearlong nationwide law-enforcement sweep targeting the scammers. Consumers have lost an estimated $1 billion in the schemes since the start of 2020.
The first doses were administered to a physician, nurse, respiratory therapist, pharmacist, patient care tech and environmental services tech at Parkview Health in Fort Wayne shortly after noon, the state said.
The dozen or so lawmakers sealed agreement on their COVID relief plan over the weekend and decided to offer two pandemic relief packages with varying price tags.
