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Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019.Joshua Roberts | ReutersThe U.S. economy will claw its way back from the current downturn but may need a coronavirus vaccine before that is complete, Federal Reserve Chairman Jerome Powell said."In the long run…
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A lack of immunity could lead to a second wave of COVID-19 infections in China, according to the country's senior medical adviser."Herd immunity" would happen when enough of a population has become immune to the disease to prevent it from spreading, but questions remain about how long that immunity would last.The first case of the…
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Mike Pompeo, U.S. secretary of state, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Wednesday, April 8, 2020.Chris Kleponis | Bloomberg | Getty ImagesPresident Donald Trump fired the State Department's inspector general on the recommendation of Secretary of State Mike Pompeo, a White House official said…
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Treasury Secretary Steven Mnuchin speaks during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room of the White House in Washington, DC on April 21, 2020.Mandel Ngan | AFP | Getty ImagesPublic companies that took advantage of the government's small business loan program are likely to avoid repercussions from the agencies…
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NASCAR’s first race back after a two-month hiatus is going to have a very different look for the teams and drivers, who will be working under new protocols aimed at preventing the spread of the coronavirus. There will be smaller teams than usual at Darlington Raceway, COVID-19 screening, and social distancing measures around the facility.But…
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New York just passed a temporary 15% cap on third-party delivery commissions and a limit of 5% on marketing contributions and other related fees. And Uber Eats, which just made a bid to buy Grubhub, is locked in a bitter feud with Jersey City Mayor Steve Fulop.Food delivery is booming during the pandemic, and so…
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After the coronavirus pandemic stopped the ferry service that delivers inventory to his grocery store, Toshua Parker started making weekly trips to stock up at a Costco located about 50 miles away.He owns the only grocery store in Gustavus, Alaska, a 450 person town boarding Glacier Bay National Park.Parker and his employees use a converted…
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Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. It is expected that any day now, the White House will release an executive order requiring certain drugs to be manufactured in the United States. It's part of a wider push by both the administration and Congress to force the federal government to…
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Texas reported 1,801 new COVID-19 infections on Saturday — the highest single-day increase in COVID-19 cases in the state so far.More than 700 of the new cases came from the Amarillo area, a city along the Texas panhandle.Gov. Greg Abbott said he expected the number of positive cases to continue to rise as the state…
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