Senator Elizabeth Warren, and Representative Alexandria Ocasio-Cortez, said on Tuesday they would introduce legislation to stop many mergers while the United States struggles economically during the coronavirus pandemic. Warren and Ocasio-Cortez said they would formally introduce the Pandemic Anti-Monopoly Act to put a moratorium on all mergers that would normally be reported to the Federal […]
Top Trump administration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser warned that near-term unemployment and GDP data will be a “very grave” negative shock. Kevin Hassett, senior economic adviser to President Donald Trump told CNN that unemployment could reach 16-20%, […]
By Reuters Wire Service The Small Business Administration on Wednesday said it would be temporarily closing its Paycheck Protection Program (PPP) assistance program for small businesses to all but the country’s smallest lenders, in a bid to give them fair access. “To ensure access to the PPP loan program for the smallest lenders and their […]
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, […]
Self-driving cars, trucks, sidewalk robots, and shuttles are rolling out of the labs and parking garages and onto American streets to help deliver groceries, meals, and medical supplies. Although self-driving car companies have paused on-road testing in the U.S., as it is not considered an essential business, pivoting to deliveries allows them back on the […]
