The deficit at the end of fiscal 2020 equaled 15% of the U.S. economy, a huge gap that was the largest since the government undertook massive borrowing to finance the final year of World War II.
Experimental antibody drugs like the one President Trump was given and the one Eli Lilly is developing are among the most promising therapies being tested for treating and preventing coronavirus infections. Here’s how they work.
The Indiana State Department of Health on Thursday reported 16 more deaths from COVID-19, the 13th time in the past 16 days in which daily deaths have been in double digits.
Companies are taking advantage of seemingly good conditions for deal-making, including historically low interest rates that allow for cheaper debt, along with money sitting on balance sheets and in the private equity markets.
President Donald Trump said Thursday he wouldn’t participate in next week’s debate with Democratic nominee Joe Biden after organizers announced it will take place virtually because of the president’s diagnosis of COVID-19.
Just more than half of the 22 million jobs lost to the coronavirus have been recovered, leaving the economy with 10.7 million fewer jobs than in February.
Seated at distant tables and separated by clear plexiglass barriers to help prevent infection, Pence, 61, and Harris, 55, arrived at the Salt Lake City debate as two of the most consequential running mates in recent history.
The webpage offers only a partial picture because it lacks data from 1,067 schools, nearly 40% of those in the state. The state does not require schools to submit data for the dashboard.
Aviation leaders had hoped to be included in a broader pandemic relief package, but once it became clear that the White House was done negotiating, industry leaders quickly shifted focus to a stand-alone bill.
Seemingly sensitive to the fact that his treatment course has been far more comprehensive than the care received by average Americans, he promised to swiftly get the drug approved for broader use.
The stock market rallied sharply Wednesday on the prospect of a partial deal. The Dow Jones industrial average closed up more than 500 points, or nearly 2%.
Wisconsin has become a hot spot for the disease over the last month. It ranks third nationwide this week in new cases per capita over the last two weeks.
Lowe’s has seen sales surge during the pandemic as shoppers spent stimulus money—as well as funds formerly spent on travel and entertainment—on do-it-yourself projects around the house.
Consumer borrowing is closely followed for signals it can send about households’ willingness to take on more debt to support their spending, which accounts for 70% of economic activity.
Shares of Lilly jumped 3.7%, or $5.41, to $149.54 in afternoon trading following the company’s morning announcement that it has asked the U.S. government to allow emergency use of the therapy to treat the disease.
Vice President Mike Pence and his Democratic challenger, California Sen. Kamala Harris, are set to face off Wednesday night in a debate that will offer starkly different visions for a country confronting escalating crises.
Indianapolis is down to just one Ruby Tuesday’s location. The chain now operates 236 dining rooms in total, a decrease from more than 500 three years ago.
The Indiana State Department of Health on Tuesday said the state’s cumulative total of confirmed deaths from COVID-19 has risen to to 3,500.
In a separate case, a judge temporarily stayed, pending appeal, an order blocking an Indiana law that requires absentee ballots be received by noon to be counted.
Eli Lilly and Co. says it has asked the U.S. government to allow emergency use of an experimental antibody therapy based on positive early results from a study.
