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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
SHANGHAI, CHINA - MARCH 18: Anti-epidemic medical experts check in at waiting hall of Shanghai Pudong International Airport as they leave for Italy on March 18, 2020 in Shanghai, China. An anti-epidemic medical expert team of 13 people as wells as 17.3 tons of anti-epidemic supplies, departed on Wednesday from China's Shanghai for Milan to help contain novel coronavirus outbreak in Italy. (Photo by Yin Liqin/China News Service via Getty Images)
International

‘Health Silk Road:’ China showers Europe with coronavirus aid as both spar with Trump

By Alan Crawford, Peter Martin and Bloomberg
March 19, 2020
Unused Lufthansa aircraft sit next to the taxiways of the airport in Frankfurt, Germany on March 18, 2020.
International

Lufthansa cuts 95% of its flights as world airlines near complete shutdown to face coronavirus

By Richard Weiss, Angus Whitley, Mary Schlangenstein and Bloomberg
March 19, 2020
Anti-influenza Avigan from Japan's Fujifilm helped clear the virus from patients a week earlier than the HIV medicine and was associated with improved chest symptoms shown on CT scans.
International

HIV pill fails while flu medication helps in early coronavirus drug trials

By Jason Gale and Bloomberg
March 19, 2020
Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, March 16, 2020.  The White House is pressing for ways to assist U.S. airlines staggering under the weight of the coronavirus outbreak as House Republicans explore tax relief, loans and grants for the industry. Photographer: Oliver Contreras/Sipa/Bloomberg via Getty Images
Finance

U.S. may take equity stake in companies that get coronavirus aid, White House advisor Kudlow says

By Justin Sink, Luke Kawa and Bloomberg
March 19, 2020
The Tesla Inc. Gigafactory stands in this aerial photograph taken in Shanghai, China, on Monday, Feb. 17, 2020. Tesla has fully resumed deliveries of its China-built model 3 sedans, according to a company representative, after a pause due to the coronavirus outbreak. Photographer: Qilai Shen/Bloomberg via Getty Images
International

How China bent over backward to help Tesla when the coronavirus hit

By
March 18, 2020
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference following a meeting with Joko Widodo, Indonesia's president, not pictured, in Jakarta, Indonesia, on Friday, Feb. 28, 2020. Widodo's ambitious plan to build a new capital gathered momentum with Son and Tony Blair, U.K.'s former prime minster, holding discussions on the contours of the $34 billion project. Photographer Dimas Ardian/Bloomberg via Getty Images
Finance

SoftBank survived WeWork, but the coronavirus credit rout is turning investors against Masayoshi Son’s empire

By Ayai Tomisawa, Pavel Alpeyev and Bloomberg
March 18, 2020
Foreign workers lay foil over rows of asparagus in an asparagus farm in Brandenburg, Beelitz, Germany on March 17, 2020.
International

Global food harvests at risk as coronavirus travel bans block migrant labor

By Mike Dorning, Edward Ludlow, Ainslie Chandler and Bloomberg
March 18, 2020
The seats are empty at the Amway Center in Orlando, home of the NBAs Orlando Magic, on Thursday, March 12, 2020. The NBA has suspended the season due to the coronavirus -- as have other sports. (Stephen M. Dowell/Orlando Sentinel/Tribune News Service via Getty Images)

Belarusian soccer? Bettors scramble for games amid U.S. coronavirus sports blackout

By Eben Novy-Williams and Bloomberg
March 17, 2020

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