President Donald Trump has sought and received advice on tackling the coronavirus crisis in private conversations with several of his allies in the business world, according to people familiar with the matter. There are at least four executives Trump and his team have been in
In a memo to employees, NFL Commissioner Roger Goodell said the league is not immune to the economic consequences of the coronavirus and he’s made the difficult decision to take broad cost-saving measures across NFL offices that includes furloughs, salary cuts and a decrease in
Facebook CFO David Wehner said Wednesday that while the company has seen its advertising revenue start to stabilize amid the Covid-19 pandemic, it could be in for another drop and that “the outlook is really uncertain.” Facebook shares soared more than 10% in after-hours trading
About 61% of Americans say they have been financially impacted by Covid-19, according to a recent TransUnion poll. While that may look different household to household — about 45% say either they or their partner lost their job, while 37% say their hours at work
President Donald Trump said he wants the Food and Drug Administration to move “as quickly as they can” to approve Gilead Sciences’ antiviral drug remdesivir as a treatment for the coronavirus. “We would like to see very quick approvals, especially with things that work,” he
As millions of would-be travelers stay home because of the coronavirus pandemic, one airline has found an eager customer: Amazon. Sun Country Airlines, an Apollo Global Management-owned carrier, struck a deal last December to start flying 10 Boeing 737 freighters for the online retailer. Minneapolis-based
FedEx, citing the devastating impact of Covid-19, requested that its rent be cut in half at some FedEx Office locations for three months, a move sharply criticized by one landlord. “This unprecedented crisis impacted our business in March and will continue to do so in
Facebook CEO Mark Zuckerberg warned Wednesday that reopening public spaces too soon “almost guarantees” continued coronavirus outbreaks and economic fallout. “While there are massive societal costs from the current shelter-in-place restrictions, I worry that reopening certain places too quickly before inaction rates have been reduced