Coronavirus disease (also known as COVID-19) is dominating the news and sending people across the globe into panic. Of course, it was only a matter of time before cybercriminals would find ways to take advantage of this global crisis. As if the prospect of the virus isn’t bad enough, several coronavirus scams have been doing the…
Gilead Sciences said Wednesday preliminary results of a coronavirus drug trial showed at least 50% of patients treated with a five-day dosage of remdesivir improved and more than half were discharged from the hospital within two weeks. The company also said another trial by the National Institute of Allergy and Infectious Diseases met its main goal.…
On 11 March, the World Health Organization classified the COVID-19 outbreak as a pandemic. The disease has reached nearly every country, infecting hundreds of thousands of people and killing thousands. Currently, there are no FDA-approved therapies or vaccines for SARS-CoV-2, the virus that causes COVID-19. The National Institute of Allergy and Infectious Diseases (NIAID) within…
Early peek at data on Gilead coronavirus drug suggests patients are responding to treatment
The Paycheck Protection Program has exhausted its $350 billion allocation and is not accepting any more lenders or applications at this time, the Small Business Administration announced Thursday. However, “there are active efforts on the Hill to extend it and that could happen as soon as Friday,” said Scott Sinder of the law firm Steptoe…
The Treasury Department and Internal Revenue Service reversed their stance late Wednesday that Social Security beneficiaries would need to file tax returns in order to receive direct cash assistance payments under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Treasury will now provide automatic coronavirus relief payments for Social Security beneficiaries. “Social Security recipients…
The U.S. is short of ventilators. It’s something American manufactures aim to change—rapidly. It is a modern day “Arsenal of Democracy.” Ford Motor (ticker: F) and General Electric (GE) are partnering to build ventilators in a new venture announced Monday. Production “will start the week of April 20,” a Ford representative said on a Monday afternoon media call. Ford…
Security and tech experts have warned that hackers are now resorting to emails and apps claiming to provide information on the COVID-19 outbreak to fool victims into installing malware on their devices. According to information security provider ZScaler, hackers have been preying on people’s fears of the coronavirus by creating apps with features too good…
Calls for fiscal relief involving 401ks are growing louder, with The Wall Street Journal joining the American Retirement Association and Empower Retirement in arguing for penalty-free—and in some cases tax-free—withdrawals to combat the coronavirus crisis. “As the coronavirus threatens to stall the U.S. economy, a relatively easy countermeasure is to hit the emergency 401k button: Congress should allow people to take…
It’s a carbon tax. A new report by consultants at Oliver Wyman shows that the world’s financial sector stands to lose $1 trillion if governments adopt a carbon tax as they attempt to shift to a low-carbon economy. Countries like Canada have already attempted to adopt forms of a carbon tax and a carbon border is being considered by…