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US stocks climbed again Monday as Wall Street clutched onto optimism about the economy recovering from the coronavirus crisis. The Dow Jones industrial average soared as much as 314.90 points, or 1.1 percent, to 27,425.88 by midday, building on Friday’s 829-point rally fueled by a shockingly strong jobs report. The tech-heavy Nasdaq rose as much …
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AstraZeneca has approached Gilead Sciences about a massive merger that would combine two companies leading the pharmaceutical industry’s battle against the coronavirus, a report says. The British drugmaker reached out to California-based Gilead last month about whether it would be interested in merging, Bloomberg News reported Sunday. But there are no formal talks and Gilead …
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Last Thursday evening, restaurant mogul Zach Erdem drove up to a customer’s swanky mansion in the Hamptons, rang the doorbell, and left a delicious dinner spread on the front doorstep, COVID-style. Erdem — who owns Southampton hotspot 75 Main, a longtime hangout for celebs like Kim Kardashian West, Leo DiCaprio and Joe Biden — had …
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Coronavirus-stricken Broadway star Nick Cordero has undergone stem cell treatment to help improve his lung health, his wife Amanda Kloots revealed. “We have started stem cell treatment for Nick and that just finished. We decided on this a couple of days ago,” Kloots said in her latest Instagram update on Cordero’s health. Cordero, 41, has …
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While Prince William himself has been keeping it quiet, the royal family confirmed Friday that the heir to the throne has been lending his time to a crisis text line as the world continues to cope with the effects of COVID-19. Alongside wife Kate Middleton, the prince marked Volunteers’ Week by speaking to volunteers across …
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Infamous art dealer Mary Boone is a free woman, according to ArtNet’s gossip column, Wet Paint. It reports that Boone — who was sentenced in 2018 to 30 months in jail for tax evasion — has been released after serving just 13 months in prison in Danbury, Connecticut, because of the pandemic. Apparently Boone, a …
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White House Economic Adviser Stephen Moore said Friday that the unexpectedly positive May jobs report makes approving a “phase four” coronavirus relief package unnecessary. “It takes a lot of the wind out of the sails of any phase four. We don’t need it now,” Moore said. “There’s no reason to have a major spending bill. …
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Michigan governor Gretchen Whitmer violated her own executive order on social distancing while participating in a civil rights march with hundreds of demonstrators. Whitmer’s order, which she signed on Monday, states that participants in public gatherings should remain six feet apart at all times. “The governor took precautions for engaging in an outdoor activity, including …
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The unemployment rate dropped over the past month as the economy added 2.5 million jobs, defying predictions of additional layoffs in the wake of the coronavirus pandemic. Unemployment now sits at 13.3 percent, falling from 14.7 percent in April. Many economists had expected the unemployment rate to reach 20 percent or higher. The Bureau of …
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A New York judge has ruled that looters and peaceful protesters who violate curfew may be detained by police for more than 24 hours even if they are not arraigned before a court, citing the coronavirus pandemic and current civil unrest in New York City. New York law typically requires that arrested suspects be released …
US stocks climbed again Monday as Wall Street clutched onto optimism about the economy recovering from the coronavirus crisis. The Dow Jones industrial average soared as much as 314.90 points, or 1.1 percent, to 27,425.88 by midday, building on Friday’s 829-point rally fueled by a shockingly strong jobs report. The tech-heavy Nasdaq rose as much …
