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China’s top diplomat criticized U.S. efforts to hold China accountable for its alleged role in the spread of the coronavirus, calling any aims to force Beijing to pay compensation for the coronavirus a “daydream.” The number of coronavirus fatalities in New York state fell below 100, Gov. Andrew Cuomo said on Saturday, marking the lowest daily death toll since
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Momentum is building at the White House for another round of stimulus checks, with President Donald Trump saying this week “I think we’re going to be helping people out” and “getting some money for them.” A number of issues need to be negotiated in Congress about what form the next relief package takes, but the Republican-held
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Confirmed coronavirus cases around the world passed 5 million early Thursday as infections continue to accelerate in the Americas. Drugmaker AstraZeneca said it received more than $1 billion from the U.S. Biomedical Advanced Research and Development Authority, a part of the Department of Health and Human Services, to develop a vaccine in partnership with the University of
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Sectors of the U.S. economy are starting to show signs of a rebound, with more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday gets a more detailed look at the Federal Reserve’s most recent decision, with the release of the central bank’s
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A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter.   The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the
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People sit on a hill overlooking Dodger Stadium on what was supposed to be Major League Baseball’s opening day, now postponed due to the coronavirus, on March 26, 2020 in Los Angeles. Mario Tama | Getty Images California Gov. Gavin Newsom said on Monday that the state could allow professional sporting events to reopen without
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Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions
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7:42 am: Former FDA chief on what experts know about unique symptoms in children 7:37 am: Drive-ins offer haven for moviegoers, as traditional theaters stay shuttered GP: Coronavirus Drive-in cinema opens in Kaliningrad, Russia, amid COVID-19 pandemic 200508 Vitaly Nevar | TASS via Getty Images Once a dying piece of Americana, drive-ins have become a
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Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P
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Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna CEO Stephane Bancel said he hopes U.S. and international regulators approve several
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Frustrated by local authorities holding up the reopening of Tesla’s factory in Fremont, California, Elon Musk said this weekend that his company
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A delayed coronavirus epidemic has taken hold in Eastern Europe as cases and deaths rise in Russia while outbreaks in Western Europe begin to subside, World Health Officials said on Friday.  “There are differences right now between Western Europe, which has been through that first big wave, and Eastern Europe, particularly Russian Federation, that is
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Governments and health officials are trying to strike a balance between reopening economies and staving off a second wave of infections. Meanwhile drugmaker Moderna received a “crucial” FDA approval for phase 2 trials of its vaccine candidate. Weekly jobless claims data lies ahead.  This is CNBC’s live blog covering all the latest news on the
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Wall Street is getting a look at another batch of quarterly earnings reports on Wednesday, with General Motors, CVS Health and Wendy’s all offering updates ahead of the market open. Disney reported a rough second quarter for parks and cruises when it provided results after the bell on Tuesday, recording a 58% drop in operating
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As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly
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Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said on Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said Monday morning the drugmaker would be investing more than
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States across the U.S. are reopening after coronavirus-enforced lockdowns while protests erupted in places where stay-at-home rules remain in place. In California and Michigan, groups demanded the easing of restrictions. A big week of earnings are in, and tech giants Apple, Alphabet, Amazon, Facebook, Microsoft and Tesla have all reported, providing a first look at
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UK Prime Minister Boris Johnson speaks and takes questions during a press conference in Downing Street regarding the coronavirus outbreak, on March 9, 2020. in London, England. Alberto Pezzali – WPA Pool | Getty Images Britain has officially passed the peak of its coronavirus outbreak, Prime Minister Boris Johnson said Thursday. “I can confirm today
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7:57 am: Boeing posts quarterly loss of $641 million Boeing reported a first-quarter loss of $641 million, as the company faces both coronavirus and the more than yearlong grounding of its best-selling plane, the 737 Max. The company is planning to reduce production of some aircraft, including the 787 Dreamliner. Boeing is facing a dismal market for new
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A handful of biotech and pharmaceutical companies are kicking off earnings season this week, weaving Covid-19 updates into quarterly results tinged by the impact of a global pandemic. The virus continues to spread, with more than 3 million people worldwide now confirmed with the infection, as countries and U.S. states begin to ease lockdown restrictions. 
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Health experts and asset markets are watching closely as segments of the U.S. reopen their economies. Global cases near the 3 million mark, with roughly a third of those cases in the U.S. Across the Atlantic, U.K. Prime Minister Boris Johnson is back at work on Monday after recovering from the virus, delivering a sober
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