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Saturday, July 11, 2020
Gilead Sciences, the drugmaker for remdesivir, the promising new coronavirus treatment, has announced that it will begin charging for the drug in July. The pharmaceutical company had been donating some of the medication for government distribution since May when it received emergency authorization use.
Apple is re-closing stores in Florida and Texas as the number of COVID-19 cases rises in both states. The consumer electronics and software company also closed stores in North Carolina, Arizona, and South Carolina last week. Apple will be re-closing 14 of its stores...
Since the COVID-19 crisis first became apparent in January, there’s been a record-breaking $2 trillion surplus in deposit accounts across U.S. banks. According to the FDIC, deposits in April soared by $865 billion. That amount was more than any record for an entire year.
Amazon is expanding its cloud services by adding a tool that will help non-coders build applications. The company is introducing its Honeycode service, which will compete with Google and Microsoft cloud solutions. Honeycode has a visual interface that enables people to build apps for...
Google is extending the company’s yearly advertising grants by adding $200 million to support nonprofit group outreach efforts focused on fighting racial injustice during the COVID-19 pandemic. Google’s expanded offering brings its commitment to $1 billion in all. The internet and technology company also...
According to one analyst at Needham, Amazon’s media division is worth around $500 billion in assets. The analyst, Laura Martin, says those assets are worth nearly as much as Amazon’s cloud-computing division. The assets include Prime Video, Twitch, and Prime Music, among others,...
The coronavirus could prove to be a pivotal turning point for sustainable investing. ESG investing, those where investment strategies focus on environmental, social, and governance responsibilities, have come into sharper focus since the COVID-19 outbreak. According to Morningstar, an ESG research firm, sustainable investments...
While the official unemployment rate sits at 13.3 percent, the Bureau of Labor Statistics (BLS) said it’s likely that the real rate of unemployed Americans is higher. The federal government acknowledged that the actual unemployment rate is probably at least 16 percent. Should that be the case,...
On Friday, the stock market rallied as the U.S. experienced a surge in jobs and offered a glimpse of hope that the American economy may be starting to recover from the COVID-19 pandemic. The economy added 2.5 million jobs in May, a record-gain. Meanwhile, according to the...
Amazon has alerted its sellers that it plans to host a summer sale, beginning June 22. The sale is expected to help boost sales for sellers who had to deal with delivery delays due to priority shipments at the onset of the coronavirus pandemic. The retailer is...