CVS Health is hiring 50,000 workers and delivering bonuses to employees who are required to work on-site during the coronavirus pandemic. The company's CVS Pharmacy locations remain open during the COVID-19 crisis. CVS is giving workers bonuses of up to $500. Eligible recipients include pharmacists, store employees and managers.
The Federal Reserve announced a bevy of new programs Monday to help with market functioning. Among the moves is an open-ended commitment to keep buying assets under its quantitative easing measures. There are multiple other programs, including one for Main Street business lending and others aimed at keeping credit flowing. Markets reversed all their overnight losses and indicated a sharply positive open.
Rural hospitals may not be able to keep their doors open as the coronavirus pandemic saps their cash, their CEOs warn, just as communities most need them. As the coronavirus sweeps across the United States, all hospitals are facing cancellations of doctor visits and procedures by a terrified populace — profitable services that usually help fund hospitals.
A loophole in the new coronavirus response legislation that President Trump signed into law this week exposes some patients to being billed for coronavirus tests — despite lawmakers' claims that the tests are free for everyone. Details: The law says tests that have received FDA authorization must be free, but seems to leave out those tests that are awaiting or don't need such emergency approval.
Sen. Kelly Loeffler, R-Ga., denied any allegations of insider trading or misconduct on Friday. Appearing on "America's Newsroom" to face questions from host Ed Henry, Loeffler said that she had seen reports claiming otherwise and wanted to "set the record straight." "And, it's absolutely false. And, it could not be true," she stated.