Business

Source: Bank of America Big restaurant chains have largely recovered from the coronavirus pandemic, but the rest of the industry is taking longer to bounce back, according to a Bank of America study. Analysts Gregory Francfort and JonMichael Shekian used aggregated transaction data from Bank of America credit and debit cardholders to analyze consumers’ restaurant spending habits.

As the race to develop a vaccine for the coronavirus speeds up, the pharmaceutical industry is being careful to not set any dangerous precedent that may weaken their future intellectual property rights, a senior executive at IHS Markit said Thursday.  The World Health Organization this week published an update on the potential vaccine candidates that are

Illinois Gov. J.B. Pritzker Brian Cassella | Chicago Tribune | Tribune News Service via Getty Images) Illinois Governor J.B. Pritzker said states have been forced to compete in a “sick Hunger Games”-like competition for personal protective equipment and other supplies needed to fight the coronavirus pandemic without a strong federal response. Pritzker, a Democrat, told

A man gets tested for coronavirus at a COVID19 testing center on July 7, 2020 in Austin, Texas. Sergio Flores | Getty Images Texas reported more than 10,000 additional Covid-19 cases Tuesday, a record-breaking daily surge as the state responds to a growing outbreak and an increase in hospitalizations.  The Texas Health and Human Services

A customer wearing a protective mask shops at a Hennes & Mauritz (H&M) clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images Desparate to keep their workers safe and their lights on, retailers reached out to the National Governors Association

The average age of new coronavirus patients has dropped by roughly 15 years compared with only a few months ago as the coronavirus reignites in America’s Sun Belt, White House health advisor Dr. Anthony Fauci said Monday. Fauci, director of the National Institutes of Allergy and Infectious Diseases, said during a Q&A discussion with Dr. Francis

[The stream is slated to start at 2:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] White House health advisor Dr. Anthony Fauci is expected Monday to discuss the latest coronavirus research with National Institutes of Health Director Dr. Francis Collins on a live Q&A on

People wait for health assessment check-in before entering Jackson Memorial Hospital, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., June 18, 2020. Marco Bello | Reuters The United States needs a unified approach to tackle the rising cases of coronavirus infection

An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines on Thursday told staff it has more than 20,000 employees it doesn’t need for its reduced fall schedule as the carrier and its competitors face weak demand for air

Las Vegas casino owner Derek Stevens said Thursday that although social distancing protocols are limiting the amount of people inside his casinos, sales in June were higher than a year ago.  “What’s really surprising is actually our slot numbers, our table numbers, are up, and in some areas up dramatically,” Stevens said on CNBC’ “Squawk

Justin Paget | Getty Images Children diagnosed with Covid-19 pediatric multisystem inflammatory syndrome, or PMIS, may develop new neurological problems without any of the respiratory issues commonly associated with the virus, according to a study published Wednesday in the Journal of the American Medical Association.  Researchers examined 27 children with Covid-19 PMIS, who were previously healthy, between

The worst of the U.S. coronavirus outbreak will end by January either with a vaccine or because enough people in the country will have already been infected and have some immunity to it, former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC on Thursday. The restrictions and guidance implemented to curb the spread

2021 Dodge Durango SRT Hellcat Fiat Chrysler Fiat Chrysler is purifying its Dodge performance brand by increasing the offerings of its muscle cars and Durango SUV, while discontinuing a minivan and crossover for the 2021 model year. The automaker unveiled Thursday a new “Hellcat SRT” model of the 2021 Durango SUV, which it is calling

Moderna‘s stock fell by as much as 9.4% in midday trading Thursday after a report said the biotech company’s late-stage trial for a potential coronavirus vaccine will be delayed, possibly by a few weeks. The company, which is working with the National Institutes of Health, was expected to begin a phase 3 trial with 30,000 participants for

People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer.  Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19

A worker cleans the floor in a McDonald’s restaurant in the Chicago Loop on March 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images McDonald’s is pausing its U.S. reopening plans for 21 days as coronavirus cases spike across the country. States like Michigan, Colorado and Florida have been responding to the recent surge

A passenger looks at his phone while waiting aboard a United Airlines plane before taking off from George Bush Intercontinental Airport on May 11, 2020 in Houston, Texas. Justin Sullivan | Getty Images United Airlines on Wednesday dismissed the notion that blocking some seats on board would keep passengers safer from Covid-19, as policies among U.S.

Top federal health officials told lawmakers Tuesday the U.S. needs a more unified national response and funding for public health funding if the country faces another pandemic.  The U.S. is now reporting nearly 40,000 new coronavirus cases every day — almost double from about 22,800 in mid-May — driven largely by outbreaks in a number of states

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, adjusts a Washington Nationals protective mask while arriving to a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., U.S., on Tuesday, June 30, 2020. Al Drago | Bloomberg | Getty Images The U.S. is “not in total control” of the

Texas Governor Greg Abbott ordered bars to be closed by noon on June 26 and for restaurants to be reduced to 50% occupancy. Sergio Flores | AFP | Getty Images Governors in Washington, California, Florida and Texas are walking back some of their reopening plans as coronavirus cases rise in more than 30 states across

A Boeing 737 MAX 8 airliner takes off from Renton Municipal Airport near the company’s factory, on March 22, 2019 in Renton, Washington. Stephen Brashear | Getty Images The Federal Aviation Administration began certification flights of the Boeing 737 Max Monday, a key step toward permitting the planes to return to service after two fatal

Co-director of the intensive care unit at CommonSpirit’s Dignity Health California Hospital Medical Center, Dr. Zafia Anklesaria, 35, who is seven months pregnant, attends to a COVID-19 patient in the hospital where she works, during the coronavirus disease (COVID-19) outbreak, in Los Angeles, California, U.S., May 18, 2020. Lucy Nicholson | Reuters Coronavirus cases are

Multiple states are experiencing a spike in Covid-19 cases amid the ongoing coronavirus pandemic, sparking controversy over whether people should be required to wear masks in public to help slow the spread of the virus. States like Florida, Georgia and Texas, which do not have statewide mask mandates, hit record highs in their average number of

A worker wearing a protective mask cleans a table in front of a pizza restaurant in San Francisco, California, U.S., on Monday, June 15, 2020. David Paul Morris | Bloomberg | Getty Images San Francisco Mayor London Breed said in a tweet Friday that the city will temporarily delay its planned reopening for Monday, which included

Dr. David Callender, CEO of Memorial Hermann Health System in Houston, told CNBC on Friday that its hospitals continue to have adequate capacity despite Texas’ growing coronavirus outbreak.  “We actually still think we have plenty of capacity to meet the demand for Covid, as well as non-Covid patients” Callender said on “The Exchange.” “We’re always busy

Mary Barra, chief executive officer of General Motors Co. (GM), left, and Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV, center, listen during a news conference outside the White House after a meeting with U.S. President Donald Trump, not pictured, in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images General Motors is

There’s just a handful of interventions proven to curb the spread of the coronavirus. One of them is contact tracing, and “it’s not going well,” White House health advisor Dr. Anthony Fauci said Friday.  Contact tracing occurs when trained personnel contact infected people to investigate where they might have been infected and who they might have

Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Even Nike, often lauded as one of the strongest

Getty Images Movie theater owners may be eager to reopen their screens to the public, but health experts aren’t convinced that it’s time to head back to cinemas. Coronavirus cases in the U.S. have not slowed. In fact, the country reported more new Covid-19 cases on Wednesday than any single day before. Nearly half of

A woman puts on a protective mask as is instructed by Miami-Dade County Social Distancing Ambassadors as beaches are reopened with restrictions to limit the spread of the coronavirus disease (COVID-19), in Miami Beach, Florida, U.S., June 10, 2020. Marco Bello | Reuters As coronavirus outbreaks surge in several states across the country, public officials