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Boeing and Airbus face a sharp contraction in demand as airlines around the world pare schedules and park planes as the coronavirus pandemic curbs travel.
Finance

Boeing offers voluntary buyouts in message to all 161,000 employees

By Julie Johnsson and Bloomberg
April 2, 2020
Israel last month invoked an emergency patent-suspension clause in its 1967 code for the first time, allowing it to import a generic version of AbbVie Inc.’s Kaletra, which has shown signs of combating coronavirus.
International

Coronavirus crisis may bring out old tool in disease fights: suspension of drug patents

By Hugo Miller, Karin Matussek, Susan Decker, Stephanie Bodoni and Bloomberg
April 2, 2020
NEW YORK, NY - SEPTEMBER 13: A WeWork office facility stands in the DUMBO neighborhood in the Brooklyn borough of New York City on September 13, 2019. WeWork has chosen to list their IPO on the Nasdaq with a September 23 trading debut. The company is now considering a valuation of potentially less than $20 billion after being previously valued on the private market for as much as $47 billion. The company has also reduced CEO Adam Neumann's voting power after receiving sharp criticism of their corporate governance. (Photo by Drew Angerer/Getty Images)
International

SoftBank scraps $3 billion deal to buy WeWork stock from Adam Neumann and other shareholders

By Ed Hammond, Gillian Tan, Pavel Alpeyev and Bloomberg
April 2, 2020
A medical staff member with protective equipment prepare samples at a drive-through testing point in an effort to curb the spread of COVID-19 (novel coronavirus) next to the Croatian Institute for Public Health, in Zagreb, Croatia, on April 1, 2020. (Photo by Denis LOVROVIC / AFP) (Photo by DENIS LOVROVIC/AFP via Getty Images)
International

Europe turned to China for coronavirus testing help. Why some are now regretting it

By Andrea Dudik, Radoslav Tomek and Bloomberg
April 1, 2020
At a time when they are struggling to handle an influx of patients suffering from COVID-19, the disease caused by the coronavirus, health-care providers and medical facilities in the U.S. and Europe have seen a surge of ransomware attacks.
International

Hackers ‘without conscience’ demand ransom from dozens of hospitals and labs working on coronavirus

By Ryan Gallagher and Bloomberg
April 1, 2020
New blood tests from Henry Schein Inc. and Becton Dickinson Co. look for antibodies produced in the middle to late stages of infection with COVID-19.
Health

How antibody screening for previous coronavirus infections could help restart the economy

By Emma Court and Bloomberg
April 1, 2020
NEW YORK, NEW YORK - MARCH 30: Amazon employees hold a protest and walkout over conditions at the company's Staten Island distribution facility on March 30, 2020 in New York City. Workers at the facility, which has had numerous employees test positive for the coronavirus, want to call attention to what they say is a lack of protections for employees who continue to come to work amid the coronavirus outbreak. (Photo by Spencer Platt/Getty Images)
Tech

Amazon fires worker who led New York strike over coronavirus safety worries

By Josh Eidelson, Luke Kawa and Bloomberg
March 31, 2020
A researcher works on virus replication in order to develop a vaccine against the coronavirus COVID-19, in Belo Horizonte, state of Minas Gerais, Brazil, on March 26, 2020. - The Ministry of Health convened The Technological Vaccine Center of the Federal University of Minas Gerais laboratory to conduct research on the coronavirus COVID-19 in order to diagnose, test and develop a vaccine. (Photo by Douglas MAGNO / AFP) (Photo by DOUGLAS MAGNO/AFP via Getty Images)
Health

A coronavirus vaccine in 18 months? Medical experts say it’s not that simple

By James Paton and Bloomberg
March 31, 2020
POLAND - 2020/03/19: In this photo illustration a Goldman Sachs logo seen displayed on a smartphone with a World map of COVID 19 epidemic on the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)
Finance

Goldman Sachs says its gloomy prediction of 24% U.S. GDP contraction in Q2 wasn’t nearly grim enough

By Alaa Shahine and Bloomberg
March 31, 2020
A worker wearing a protective mask and gloves carries Amazon.com Inc. boxes during a delivery in the Bronx borough of New York, U.S., on Thursday, March 26, 2020. New York City is the epicenter of the coronavirus pandemic in the United States, putting historic pressure on a world-renowned healthcare system as the number of confirmed cases in the area grows exponentially. Photographer: Angus Mordant/Bloomberg via Getty Images
Leadership

Amazon workers in New York warehouse set to strike Monday on coronavirus safety fears

By Luke Kawa and Bloomberg
March 30, 2020
LONDON, UNITED KINGDOM - MARCH 26: In this photo illustration a pack of Hydroxychloroquine Sulfate medication is displayed on March 26, 2020 in London, United Kingdom. The Coronavirus (COVID-19) pandemic has spread to many countries across the world, claiming over 20,000 lives and infecting hundreds of thousands more. U.S. President Donald Trump recently promoted Hydroxychloroquine, a common anti-malaria drug, as a potential treatment for COVID-19 when combined with the antibiotic azithromycin. “HYDROXYCHLOROQUINE & AZITHROMYCIN, taken together, have a real chance to be one of the biggest game changers in the history of medicine,” President Trump tweeted last week. (Photo by John Phillips/Getty Images)
Health

Malaria drug Trump touted as coronavirus treatment has been given FDA emergency authorization

By John Lauerman and Bloomberg
March 30, 2020
“Risky markets should remain volatile as long as infection rates create uncertainty about the depth and duration of the Covid recession, but enough has changed fundamentally and technically to justify adding risk selectively,” JPMorgan wrote.
Finance

JPMorgan says the coronavirus market rout has probably hit bottom already

By Joanna Ossinger and Bloomberg
March 30, 2020
KIEV, UKRAINE - 2020/03/27: In this photo illustration the Coronavirus COVID-19 Global Cases map by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU) is seen displayed in internet on a mobile phone and a pc screen. The U.S. leads the world in confirmed COVID-19 coronavirus cases, according to media as of 27 March 2020. The World Health Organization declared the coronavirus a global pandemic on 11 March 2020. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
International

How the coronavirus crash compares with economic slumps of the last century

By Tara Patel, Ellen Proper and Bloomberg
March 27, 2020
U.S. President Donald Trump speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, March 26, 2020. Trump claimed that U.S. unemployment claims would have been even worse if he hadnt restricted travel from China in late January to try to stave off the coronavirus outbreak. Photographer: Yuri Gripas/Abaca Press/Bloomberg via Getty Images
International

‘Critical moment:’ Trump and China’s Xi pledge cooperation on coronavirus as U.S. President drops ‘Chinese virus’

By Karen Leigh and Bloomberg
March 27, 2020
A passenger aircraft, operated by Deutsche Lufthansa AG, sits grounded on the closed north west runway at Frankfurt Airport, operated by Fraport AG, in Frankfurt, Germany, on Thursday, March 26, 2020. Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. Photographer: Alex Kraus/Bloomberg via Getty Images
International

Medicine, phones and strawberries: As passengers drop 90%, desperate airlines convert to cargo to stay afloat

By Kyunghee Park and Bloomberg
March 26, 2020

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