USA: Yesterday, the Trump team intro’d a new testing plan that’d let states test at least 2 percent of their population each month. Buuuuut would pretty much leave it up to the states to do so. Cue some backlash. In other news, recently, Prez Trump announced that the US gov is conducting “serious investigations” into China’s handling of the coronavirus outbreak. The Prez says China could have “stopped” the virus before it spread to the rest of the world - then added that there are “a lot of ways you can hold them accountable” for the pandemic. Leading to speculation that the US could try to seek damages. Tension, high.
MONEY: All eyes are on the Los Angeles Lakers. Quick refresher: lots of big bizes have been handing checks back to the Paycheck Protection Program, which helps give loans to small bizes, after it came out that the program ran out of money. Think: Shake Shack, Sweetgreen...and now the Lakers. The team, which is valued at around $4.4 billion (yes, with a b), is following other bizes leads’ and returning its $4.6 million gov loan. This comes after the team faced some backlash for getting the loan in the first place. Meanwhile, Diamond Offshore (as in the oil biz) is filing for bankruptcy. It’s no secret that oil prices have been plunging since the coronavirus pandemic. Now, it looks like these prices are taking a toll on Diamond Offshore.
POLITICS: Recently, the New York Board of Elections...officially cancelled its Dem presidential primary. You read that right. Reminder: ever since the coronavirus outbreak hit the US, more and more states have been delaying their elections. And not long after, Sen Bernie Sanders (D-VT) suspended his campaign - leaving former Vice Prez Joe Biden as the last remaining Dem candidate. Now, it looks like New York’s cancelling its elections, calling the primary “essentially a beauty contest.” Intro lots and lots of backlash from supporters of Sanders. Meanwhile, a Pennsylvania statehouse candidate and a group of local bizes are getting together to ask the Supreme Court to pretty please lift the state’s shutdown order. Stay tuned.