$GILD: Gilead Accelerates Production of Experimental Coronavirus Drug

Source: Wall Street Journal (https://www.wsj.com)

Summary: Gilead Sciences has ramped up production of its experimental coronavirus drug amid overwhelming demand and said it won’t charge for the 1.5 million doses it now has on hand.

Full article address: https://www.wsj.com/articles/gilead-accelerates-production-of-experimental-coronavirus-drug-11586049635

$MET: The Small Business Association will back $350 billion in loans to small businesses. But there are problems with the loan-making, and many experts say that’s not nearly enough. President Trump hasn’t heard of any problems, but says he’ll back the SBA if…

Source: Barron’s (https://www.barrons.com)

Summary: The Small Business Association will back $350 billion in loans to small businesses. But there are problems with the loan-making, and many experts say that’s not nearly enough. President Trump hasn’t heard of any problems, but says he’ll back the SBA if it runs out of money.

Full article address: https://on.barrons.com/2X9rl8g

$WFC: Wells Fargo Curtails Jumbo Loans Amid Market Turmoil

Source: Wall Street Journal (https://www.wsj.com)

Summary: Wells Fargo & Co. substantially curtailed its program for making large loans this week, one of the most pronounced signs yet of how the recent market turmoil is cutting off access to some types of mortgages.

Full article address: https://www.wsj.com/articles/wells-fargo-curtails-jumbo-loans-amid-market-turmoil-11586037701

$ZM: Zoom CEO: ‘I Really Messed Up’ on Security as Coronavirus Drove Video Tool’s Appeal

Source: Wall Street Journal (https://www.wsj.com)

Summary: The software’s rapid transformation from a business tool into a lifeline for countless homebound users has attracted trolls and hackers as well as scrutiny from privacy experts that the company is now racing to address.

Full article address: https://www.wsj.com/articles/zoom-ceo-i-really-messed-up-on-security-as-coronavirus-drove-video-tools-appeal-11586031129

$HON $DJIA $SPX $MMM $EADSY: Honeywell, the big industrial and aerospace firm, is asking its suppliers for deep cuts in the price of goods it buys from them—along with extended payment terms and other concessions—in a sign of how the swift economic downturn caused by Covid-19 is…

Source: Barron’s (https://www.barrons.com)

Summary: Honeywell, the big industrial and aerospace firm, is asking suppliers for deep cuts in the price of goods it buys from them—along with extended payment terms and other concessions—in a sign of how the swift economic downturn caused by Covid-19 is cutting across American industry.

Full article address: https://on.barrons.com/2X8ZDsg

$AMZN $ABT $TMO: Amazon in contact with coronavirus test makers as it plans pandemic response

Source: CNBC (https://www.cnbc.com)

Summary: The attempts to increase screening measures come at a time when high-profile protests have hit several Amazon warehouses, as employees increasingly fear they will contract the virus by showing up to work.

Full article address: https://www.cnbc.com/2020/04/04/amazon-in-contact-with-coronavirus-test-makers-as-it-plans-pandemic-response.html

$BABA: New York Governor Andrew Cuomo warned today that the state is still about a week away from the coronavirus crisis hitting its peak. He also shrugged off the lawsuit from the National Rifle Association over his deeming gun shops nonessential.

Source: Barron’s (https://www.barrons.com)

Summary: New York Governor Andrew Cuomo warned today that the state is still about a week away from the coronavirus crisis hitting its peak. He also shrugged off the lawsuit from the National Rifle Association over his deeming gun shops nonessential.

Full article address: https://on.barrons.com/2R9EXN1

$MDT: As Coronavirus Hospitalizations Surge, Ventilator Manufacturing Ramps Up but Not Soon Enough

Source: Wall Street Journal (https://www.wsj.com)

Summary: Intensified manufacturing efforts aren’t moving fast enough to meet the rising U.S. need for ventilators that can keep critical coronavirus patients breathing, hospital and medical-device company officials say.

Full article address: https://www.wsj.com/articles/as-coronavirus-hospitalizations-surge-ventilator-manufacturing-ramps-up-but-not-soon-enough-11586017650

$M $DAL $UAL $SPG $KSS: Retail is used to existential crises — but bankruptcies can’t save it now

Source: CNBC (https://www.cnbc.com)

Summary: For retailers, facing an apocalypse isn’t anything new. What’s new is the fact that everyone else is too. With everyone in duress, those with the ability to pull the trigger that could put a retailer into bankruptcy have become more gun shy.

Full article address: https://www.cnbc.com/2020/04/04/coronavirus-retail-is-used-to-existential-crises-but-bankruptcies-wont-save-it-now.html

$BABA: China is donating 1,000 ventilators to help New York in coronavirus fight

Source: CNBC (https://www.cnbc.com)

Summary: The Chinese government has facilitated the donation of 1,000 ventilators to New York that are set to arrive at JFK Airport today, New York Governor Andrew Cuomo said on Saturday.

Full article address: https://www.cnbc.com/2020/04/04/china-is-donating-1000-ventilators-to-help-new-york-in-coronavirus-fight.html

$BTI $PM: Big Tobacco Joins Race for Coronavirus Vaccine

Source: Wall Street Journal (https://www.wsj.com)

Summary: British American Tobacco is developing a potential vaccine grown in tobacco plants, while Medicago, a biotech firm partly owned by Philip Morris International, is pursuing a similar effort.

Full article address: https://www.wsj.com/articles/big-tobacco-joins-race-for-coronavirus-vaccine-11586012401