virus

Senate Republicans on Thursday failed to advance their $500 billion coronavirus relief bill as the legislation failed to clear a procedural hurdle, leaving negotiations on a fifth coronavirus relief package stalled. In a 52-to-47 procedural vote, the bill failed to garner the 60 votes needed to overcome a filibuster by Democrats. Senator Rand Paul was the only Republican who …

Senate Republicans cast doubt on Wednesday over the prospect of passing a bipartisan coronavirus relief package ahead of the November election, suggesting they would instead aim to pass legislation to avoid a federal shutdown. While Senate majority leader Mitch McConnell (R., K.Y.) said he was “optimistic” that the GOP’s $500 billion skinny COVID-19 package would …

Peloton beat analysts’ estimates for quarterly revenue on Thursday as the exercise bike maker benefited from a 172 percent surge in total revenue, with boosts in subscribers and demand for its fitness products during the coronavirus pandemic. Shares of the company rose 8 percent in extended trading as it forecast full-year revenue above Wall Street …

The US Labor Department said Thursday it cited Smithfield Foods for failing to protect employees from the coronavirus, making it the first major US meatpacker to face a fine after outbreaks at slaughterhouses infected thousands of workers this spring and caused meat shortages. The department’s Occupational Safety and Health Administration cited Smithfield Packaged Meats in …

JPMorgan Chase executives told senior employees of the bank’s sales and trading operation that they and their teams must return to the office by Sept. 21, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Trading chief Troy Rohrbaugh and Marc Badrichani, the bank’s global head of sales and research, delivered …

Federal law enforcement authorities have charged 57 people with stealing $175 million from an aid program meant to help small businesses weather pandemic lockdowns, officials said on Thursday, adding that they are eyeing hundreds more suspected cases of fraud. Officials said they have identified 500 individuals who may have defrauded the $660 billion Paycheck Protection …

With Major League Baseball’s proposed plans of playing the 2020 postseason in a controlled bubble environment, at least one team has taken issue with the protocols regarding players’ families. According to The Athletic, a handful of Dodgers players are citing their own diligence in observing the game’s health and safety protocols as to why their …

AstraZeneca’s coronavirus vaccine could still be ready this year even though it had to halt a key clinical study after a participant got sick, CEO Pascal Soriot said Thursday. The British pharmaceutical firm should know by the end of 2020 whether the vaccine protects patients from the virus if it’s able to resume the study …

Forget the iPhone 12, Apple’s hottest new product is a face mask. The iPhone maker has reportedly created its first face mask designed in-house, and is beginning to send them out to corporate and retail workers as the Covid-19 pandemic continues. The Apple Face Mask, as it has been dubbed, was developed by the same …

The labor market’s recovery slowed this week as 884,000 Americans applied for unemployment benefits, a number higher than most experts had expected. Economists surveyed by Dow Jones predicted 850,000 first-time filings for the week. Instead, last week’s filings were unchanged from the prior seven days. The week’s filings still sit well above the pre-pandemic record …