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Coronavirus economic updates: Markets tick up slightly after weeks of volatility
Sushiman/iStock (NEW YORK) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.Here's the latest news on how the COVID-19 crisis is affecting the economy. For more on financial resources available during the pandemic, click here. Markets uptick slightly after weeks of volatility U.S. financial markets showed some signs of stabilization after a volatile few weeks, inching upwards slightly on Monday morning.The Dow Jones Industrial Average was up over 250 points, or slightly over 1% by mid-morning Monday. The S&P 500 was up more than...
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Rita Wilson celebrates "beauty...blessings" and being a cancer and COVID-19 survivor
ABC/Rick Rowell (LOS ANGELES) -- Sunday, March 29 is a significant date in Rita Wilson's life, one on which she commemorated being a "COVID-19 Survivor" and "Five Years Cancer Free." The actress, who is home in Los Angeles after undergoing two weeks of quarantine in Australia with her husband, Tom Hanks, when the pair was diagnosed with the disease, looked back on her Instagram in a lengthy, grateful post. "This date, March 29, represents a time of great happiness," Wilson begins her post, which features a throwback photo of her and Larry David. "I was on Broadway starring with Larry...
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Coronavirus live updates: FDA gives drugs emergency approval to treat COVID-19
narvikk/iStock (NEW YORK) -- A pandemic of the novel coronavirus has claimed the lives of more than 35,100 people across the globe.The new respiratory virus, which causes an illness known officially as COVID-19, has rapidly spread to every continent except Antarctica since first emerging in China in December. There are now more than 741,000 diagnosed cases of COVID-19, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. At least 156,000 of those patients have recovered from the disease. With more than 143,000 diagnosed COVID-19 cases, the United States has by far the highest...
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'Once a nurse, always a nurse': 20,000 former UK medics return to battle coronavirus
Bev Vaughan (LONDON) -- After a long and successful 39-year career as a nurse working for Britain’s National Health Service, Bev Vaughan never thought that she would be dusting off her uniform after she retired in 2016. The coronavirus pandemic changed all of that. “My uniform is clean, my shoes are polished and I am ready to go back,” said Vaughan. A 58-year-old retired matron from Portsmouth on the southern coast of the United Kingdom, Vaughan is one of an estimated 20,000 former or retired members of the NHS who have heard the call of duty and are returning to...
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Tokyo Olympics will open in July 2021
CHARLY TRIBALLEAU/AFP via Getty Images (NEW YORK) -- The 2020 Summer Olympics officially have a new start date after being postponed a year due to the novel coronavirus pandemic. The Games in Tokyo will kick off on July 23, 2021, Japanese organizers announced Monday. That’s almost exactly a year to the day of when the opening ceremony was originally scheduled for in 2020 -- July 24.The closing ceremony, meanwhile, will now be held on Aug. 8, 2021.The organizers also announced Monday that the Paralympics were rescheduled to open on Aug. 24, 2021, and close on Sept. 5, 2021.Copyright © 2020,...
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Maker of masks for health care workers accused of making defective earplugs for military
wellesenterprises/iStock (NEW YORK) -- 3M, the maker of tens of millions of respirator masks to be purchased by the U.S. government for health care workers battling the novel coronavirus, was accused several years ago of knowingly selling defective earplugs to the military in a federal lawsuit settled with the U.S. Justice Department. The St. Paul, Minnesota-headquartered company denies any wrongdoing and maintains the earplugs were not defective. To settle the case, first brought by a competitor and joined by the Defense Logistic Agency, the company agreed to pay the federal government $9 million in 2018 but did not admit any...
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La. governor warns state's health care system could be overwhelmed by early April
ABC News (WASHINGTON) -- As Louisiana emerges as a new hotspot in the spread of novel coronavirus, Gov. Jon Bel Edwards said the state now has the third-highest number of confirmed novel coronavirus cases in the United States, per capita, in just over a month."We remain on a trajectory, really to overwhelm our capacity to deliver health care by the end of the first week of April," he said on ABC's This Week Sunday.Edwards also raised concerns about the state's hospitals reaching capacity soon during a private teleconference with governors last week, and asked President Donald Trump for federal resources.The...
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