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CNBC BusinessApr 10, 2020
Coronavirus live updates: South Korea reports 27 new cases; outbreak at Chicago's largest jail
The city of Daegu, which was South Korea's epicenter and had huge spikes in cases during the thick of the pandemic, reported no new cases.

NYTimes BusinessApr 10, 2020
OPEC Talks to Cut Oil Production Disappoint Traders
Live updates on stock market and business news during the coronavirus outbreak.

Google Business NewsApr 10, 2020
Coronavirus live news: global deaths near 95,000 as 1 in 10 Americans lose their jobs - The Guardian
Coronavirus live news: global deaths near 95,000 as 1 in 10 Americans lose their jobs  The GuardianTSA screens fewer than 100K travelers for 2 days in a row, hits 'record low' as coronavirus outbreak continues  Fox News2nd TSA employee dies from COVID-19, over 300 employees have tested positive  ABC NewsJust 94,000 peopl

Global Cases 1.6 Million; Johnson Out of ICU: Virus Update (Yahoo Business)

Yahoo BusinessApr 09, 2020
Calpers Forfeited a $1 Billion Payday by Scrapping Market Hedge
(Bloomberg) -- Three years ago, America's largest pension fund made an unusual investment. It bought so-called tail-risk protection, a kind of insurance against financial catastrophe. In a market meltdown like the one sparked by the coronavirus, the strategy promised a massive payout -- more than $1 billion.If only the California Public Employees Retirement System had stuck with the plan. Instead, Calpers, as the fund is known, removed one of its two hedges against a bear market just weeks before the viral outbreak sent stocks reeling, according to people familiar with its decision.The timing couldn't have been worse. The fund had incurred hundreds of millions of dollars in premium-like costs for those investments. Then it missed out on a bonanza when disaster finally struck.Softening the blow, Calpers held on to the second hedge long enough to make several hundred million dollars, one of the people said.Ben Meng, chief investment officer of Calpers, said the fund terminated the hedges because they were costly and other risk-management tools are more effective, cheaper and better suited to an asset manager of its size."At times like this, we need to strongly resist ‘resulting bias' -- looking at recent results and then using those results to judge the merits of a decision," Meng said in a statement. "We are a long-term investor. For the size and complexity of our portfolio, we need to think differently."Calpers had been warned about the perils of shifting strategy. At an August 2019 meeting of its

Google Business NewsApr 09, 2020
New York-area coronavirus outbreak originated primarily in Europe, not China: report - New York Post
New York-area coronavirus outbreak originated primarily in Europe, not China: report  New York Post New York's coronavirus outbreak came from Europe and other parts of the United States, research projects suggest  CNNCoronavirus was spreading in NYC weeks before first case, researchers say  New York Post Most New York Coronavirus Cases Came From Europe, Genomes Show  The New York Times

Automotive News Breaking NewsApr 09, 2020
Subaru to furlough workers at Ind. plant for one week
The company cited several issues related to the coronavirus outbreak for the furlough covering 5,300 workers, who will continue to receive health care coverage.

Yahoo BusinessApr 09, 2020
Edited Transcript of UAL earnings conference call or presentation 17-Apr-19 2:30pm GMT
The enormity of the coronavirus pandemic has forced biopharma companies to step up efforts to expeditiously develop vaccines and treatments for COVID-19. The Frontrunners Moderna Inc (NASDAQ: MRNA), which was the first company to move its coronavirus vaccine candidate to the clinics, said in mid-March that the first participant has been dosed in an NIH-led, Phase 1 study of its mRNA vaccine in the U.S.Inovio Pharmaceuticals Inc (NASDAQ: INO) announced earlier this week that it is initiating a Phase 1 study to test its DNA vaccine for the coronavirus following the FDA's acceptance of Inovio's IND application.Apart from these companies, CanSino Biologics and the Academy of Military Sciences are running Phase 1 trials of their non-replicating vaccine candidate in China.The University of Oxford is testing a chimpanzee adeno vector vaccine candidate in a Phase 1/2 trial in the U.K.Novavax, Inc. (NASDAQ: NVAX) said Wednesday it has identified a vaccine candidate and is planning to initiate human trials in mid-May.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.See also: How The COVID-19 Outbreak Is Benefiting Biotech Investors Pfizer, BioNTech Make Progress Pfizer Inc. (NYSE: PFE) and BioNTech SE - ADR (NASDAQ: BNTX), which initially announced a collaboration to develop a COVID-19 vaccine on March 17, released further details on the

Reuters BusinessApr 09, 2020
Wall Street rises on latest Fed rescue program
Wall Street closed out the trading week on a high note on Thursday as the U.S. Federal Reserve unleashed another program designed to buoy local governments and businesses crushed by massive closures to stem the coronavirus outbreak.
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