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Fed Chair Powell vows central bank is ‘not going to run out of ammunition’ in coronavirus fight
Finance

Fed Chair Powell vows central bank is ‘not going to run out of ammunition’ in coronavirus fight

By Christopher Condon, Steve Matthews, Matthew Boesler, Rich Miller and Bloomberg
March 26, 2020
The U.S. Capitol building stands illuminated at night in Washington, D.C., U.S., on Wednesday, March 25, 2020. The U.S. Senate approved a historic $2 trillion rescue plan to respond to the economic and health crisis caused by the coronavirus pandemic, putting pressure on the Democratic-led House to pass the bill quickly and send it to President Donald Trump for his signature. Photographer: Al Drago/Bloomberg via Getty Images
Politics

Winners and losers in Congress’s $2 trillion coronavirus stimulus package

By
March 26, 2020
20 March 2020, North Rhine-Westphalia, Viersen: A ventilator is placed next to an intensive care bed in the Viersen General Hospital. The hospital has created additional capacities of intensive care beds and ventilators due to the corona crisis. Photo: Roland Weihrauch/dpa (Photo by Roland Weihrauch/picture alliance via Getty Images)
International

World ventilator demand is now 10 times what’s available, says China’s top medical device maker

By Jinshan Hong, Dong Lyu and Bloomberg
March 25, 2020
BARCELONA, SPAIN - MARCH 22: A cyclist Uber delivery rides his bike at Passeig de Gracia boulevard empty of visitors, tourists and no traffic on March 22, 2020 in Barcelona, Spain. The coronavirus (COVID-19) pandemic has spread to at least 182 countries, claiming over 10,000 lives and infecting hundreds of thousands more. (Photo by Miquel Benitez/Getty Images)
Leadership

The ‘gig economy’ rarely offers benefits. Now Uber and Airbnb are lobbying Congress to bail out their suppliers

By Eric Newcomer and Bloomberg
March 25, 2020
WASHINGTON, DC - MARCH 24: Treasury Secretary Steven Mnuchin (C) leaves the offices of Minority Leader Charles Schumer (D-NY) as negotiations continue into the night on a $2 trillion economic stimulus in response to the coronavirus pandemic at the U.S. Capitol March 24, 2020 in Washington, DC. After days of tense negotiations -- and Democrats twice blocking the nearly $2 trillion package -- the Senate and Treasury Department appear to have reached important compromises on legislation to shore up the economy during the COVID-19 pandemic. (Photo by Chip Somodevilla/Getty Images)
Politics

Trump and Senate agree on $2 trillion rescue deal that includes cash handouts and stock buyback ban

By Josh Wingrove, Laura Litvan, Steven T. Dennis and Bloomberg
March 25, 2020
BLOOMINGTON, UNITED STATES - MARCH 23, 2020: First responders from IU Health Bloomington hospital pick up a woman at the corner of 1st St and S. Walnut St who was sitting slumped over, and was saying she was having trouble breathing, and other COVID-19/Coronavirus symptoms in Bloomington, Ind. Police officers stood by after making first contact with the woman before emergency workers arrived in personal protective equipment to help the woman, putting her on a stretcher, and loading her into an ambulance.- PHOTOGRAPH BY Jeremy Hogan / Echoes Wire/ Barcroft Studios / Future Publishing (Photo credit should read Jeremy Hogan / Echoes Wire/Barcroft Media via Getty Images)
International

How doctors are using social media to develop coronavirus treatments in real time

By Michael Smith, Michelle Fay Cortez and Bloomberg
March 24, 2020
London Kentucky gas prices

‘Can’t even give it away:’ Gasoline drops below $1 a gallon as U.S. economy locks down

By Jeffrey Bair, Jackie Davalos and Bloomberg
March 24, 2020
U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks outside of her office on Capitol Hill in Washington, D.C., U.S., on Monday, March 23, 2020. Pelosi said House Democrats will introduce their version of the stimulus package to respond to the coronavirus, offering an alternative to the bill currently under discussion in the Senate. Photographer: Andrew Harnik/AP Photo/Bloomberg via Getty Images
Politics

House Speaker Pelosi unveils $2.5 trillion Democrat coronavirus stimulus plan as Senate bill stagnates

By Erik Wasson, Laura Davison and Bloomberg
March 24, 2020
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Wednesday, Feb. 12, 2020. SoftBanklost money in its Vision Fund, the Japanese company posted a record. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images)
International

SoftBank announces $41 billion asset sale to face coronavirus rout—and silence critics

By Pavel Alpeyev, Takahiko Hyuga and Bloomberg
March 23, 2020
NEW YORK, USA - MARCH 22: Famous Charging Bull Statue is seen lonely at the Financial District in New York, United States on March 22, 2020. The "New York State on PAUSE" that executive order is in effect at 8 p.m. Sunday night, March 22nd. All citizens are required to stay home except to buy their needs as medical or necessary supplies. New York has reached to 17,000 Covid19 cases as of today. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)
International

30% GDP drop: Morgan Stanley joins Goldman Sachs in upping estimates of coronavirus economic pain

By Simon Kennedy and Bloomberg
March 23, 2020
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, left, speaks to members of the media in the U.S. Capitol in Washington, D.C., U.S., on Sunday, March 22, 2020. Senate Democrats blocked McConnell's attempt to advance a coronavirus economic rescue package Sunday after leaders in both chambers disagreed on how to spend nearly $2 trillion. Photographer: Sarah Silbiger/Bloomberg via Getty Images
Politics

‘We’re fiddling here:’ Coronavirus bailout bill paralyzed as Senate spars over big corporate aid

By Steven T. Dennis and Bloomberg
March 23, 2020
A man wearing a face mask (R) stands by the coffin of his mother as a priest swings a thurible of incense and undertakers look on during a funeral service in the closed cemetery of Seriate, near Bergamo, Lombardy, Italy, on March 20, 2020.
International

‘Our country needed help:’ Italy’s only ventilator maker works round the clock (and at cost) in coronavirus fight

By
March 21, 2020
Employees work on the production line of chloroquine phosphate, an old drug for the treatment of malaria, in a pharmaceutical company in Nantong city in east China's Jiangsu province Feb. 27, 2020.
Health

Malaria drug touted as coronavirus treatment by Trump and Elon Musk can be deadly, China finds

By
March 20, 2020
HELSINKI, March 7, 2020 -- People visit a cocktail festival in Helsinki, Finland, March 6, 2020. The cocktail festival was held on Friday and Saturday. (Photo by Matti Matikainen/Xinhua via Getty) (Xinhua/ via Getty Images)
International

Why the world’s happiest countries are up north

By Kati Pohjanpalo and Bloomberg
March 20, 2020
Sen. Kelly Loeffler, R-Ga., and her husband, NYSE chairman Jeffrey Sprecher, began selling 27 stocks on Jan. 24, the day of a briefing, according to her financial disclosure form, including investments in Auto Zone and Ross Stores, worth millions of dollars.
Leadership

4 U.S. senators sold stock after getting coronavirus threat briefings in January

By David Kocieniewski and Bloomberg
March 20, 2020

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