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Subscribe to Outbreak, a free daily roundup of stories on the coronavirus pandemic—and its impact on global business. Monday brought more bad news for American workers, as companies continue to lay off employees to cope with the economic damage of the coronavirus outbreak and the related lockdown. This time, Macy’s made the biggest headlines with the news that it will…
As news of a coronavirus outbreak in Wuhan, the capital of China’s Hubei province, began to appear in Western news outlets in January, the country’s state-run media initially struck a tone of reassurance and transparency with hashtags like #wuhancoronavirus and #wuhanpneumonia. By February, such messaging had disappeared. According to a new report by cybersecurity firm Recorded Future, Chinese authorities have…
Happy Monday, readers. A major bit of news from Johnson & Johnson today—the company is developing a coronavirus vaccine which it believes could hit the market by 2021. That would be a stunning development. It usually takes anywhere from three to seven years, sometimes more, to move a vaccine from initial development to market. Pathogens are tricky. But J&J is…
Gap Inc. became the latest retailer to furlough employees en masse while stores remain closed because of the coronavirus spreading through North America and Europe. On Monday, the owner of Old Navy, Banana Republic, and Gap said that stores in those markets would stay closed past the initial April 1 date on which the company had hoped to reopen stores.…
Instacart said its operations on Monday have been unaffected by grocery delivery workers striking over demands that the company do more to protect them during the coronavirus outbreak. “As it relates to today’s actions, we’ve seen absolutely no impact to Instacart’s operations,” the company said in a statement. “Today, we saw 40% more [workers] on the platform compared to the…
President Donald Trump is extending the voluntary national shutdown for a month as sickness and death from the coronavirus pandemic rise in the U.S. The initial 15-day period of social distancing urged by the federal government expires Monday and Trump had expressed interest in relaxing the national guidelines at least in parts of the country less afflicted by the pandemic.…
New York Gov. Andrew Cuomo said he was delaying the state’s presidential primary from April 28 to June 23, when the state plans to hold legislative congressional and local party primaries. “I don’t think it’s wise to be bringing people to one location to vote” on the April date, he said. New York joins over a dozen states that have…
Subscribe to Outbreak, a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. It’s free to get it in your inbox. White House candidates aren’t usually bashful about asking supporters for money. But as the coronavirus upends everyday life, inundating hospitals, tanking financial markets and putting 3.3 million Americans out of work, President Donald Trump and…
Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. This was supposed to be the week that Grant Smillie opened his second restaurant in Los Angeles—his first, E.P. & L.P., is a sprawling, critically acclaimed three-story Southeast Asian joint that can accommodate up to 470 customers at once. Instead,…
Subscribe to Outbreak, a free daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. Treasury Secretary Steve Mnuchin said he expects to have a small business loan program up and running in the coming week while workers can expect aid from the $2 trillion stimulus package in the form of direct deposits or checks…
