A statue of a horse stands at the entrance to a PF Chang restaurant in Schaumburg, Illinois. Scott Olson | fake pictures Large restaurant chains received millions in loans from the Paycheck Protection Program, according to data released Monday by the Small Business Administration and the Treasury Department. Companies in …
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Strategists say two factors are helping to give way to Monday morning’s stock market surge: optimism about China and the view that central banks will support the markets. A front-page editorial in the state-owned China Securities Journal is getting credit for driving a strong recovery in Chinese markets overnight that …
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Regeneron Pharmaceuticals said Monday that it started late-stage clinical trials to assess the effectiveness of its antibody cocktail in preventing and treating Covid-19, sending its actions up to nearly 4%. The test, conducted in conjunction with the National Institute of Allergy and Infectious Diseases, would test the therapy’s ability to …
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Speaker of the House of Representatives Nancy Pelosi, Democrat of California, leads a press conference at the Capitol Visitor Center on Thursday, June 18, 2020. Tom Williams | CQ-Roll Call, Inc via Getty Images The House passed a bill Wednesday to extend the deadline to apply for forgivable help for …
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The Asian economy is expected to shrink this year “for the first time in memory,” said the International Monetary Fund, warning that the region could take several years to recover. The fund said in a blog post published Tuesday that the Asian economy is likely to contract 1.6% this year, …
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