The company was able to get extra funding late last week through an “equity transaction” and decided to “immediately return” the $10 million paycheck protection loan it obtained through the CARES Act.
A review of regulatory filings shows that restaurant chains and companies in industries ranging from mining to manufacturing to cruise travel received large amounts.
The Trump administration and Congress are nearing an agreement on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
Any upswing would be an improvement for the industry, which reached its peak enrollment in 2010 before going on to lose half of its students by 2017.
Geoff Freeman, the CEO of the Consumer Brands Association, discusses a range of issues including the current status of supplies, protections for workers and customers’ shift away from organic food to packaged items like mac and cheese.
The increase in reported tests was the largest seen in a daily state health department report since the beginning of the pandemic.
Indiana has been under a stay-at-home order since March 25, and on Friday Holcomb said he plans to issue a new executive order on Monday that extends the directive until May 1.
The Indiana State Department of Health on Saturday said that the cumulative death toll in the state rose to 545, up from 519 the previous day—an increase of 26 deaths.
The banks approved 35,990 individual loans for companies and organizations in Indiana before the program ran out of money.
Health officials examined about 8,000 coronavirus cases in Indiana and found about one-third visited an emergency room and about a quarter were hospitalized.
The Dow Jones industrial average soared 3% on Friday and other market indexes showed solid gains as investors latched onto hope about progress in the fight against the coronavirus and a restart of the economy.
Indiana has been under a stay-at-home order since March 25. The first order covered a two-week period and was extended another two weeks with a more restrictive order on April 6.
Lawmakers are struggling to break a stalemate over President Donald Trump’s $250 billion emergency request for a small-business program, stoking uncertainty about when additional support will be available in a key rescue program now exhausted of funds.
The 612 new cases are the most the Indiana State Department of Health has reported in its daily update since the beginning of the pandemic.
Gilead Sciences jumped 12% following a report that one of its drugs was reducing fevers in patients at a single hospital. Its stock began jumping in after-hours trading Thursday following the report’s release.
The Treasury Department says about 80 million Americans received their payments as of Wednesday. Millions more have signed up to get direct deposit, and paper checks will be distributed starting later this month.
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.
In Indiana, a group called the Indiana Conservative Alliance and Grassroots Conservatives is planning a rally Saturday in front of the governor’s mansion.
The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt.
