CNBC Business

Select venues at Universal Orlando Resort's CityWalk will reopen Thursday.

"I really hope we have three, four, five vaccines, because no manufacturer can make enough doses for the planet," Moderna CEO Stephane Bancel said during CNBC's Healthy Returns Virtual Summit.

Scientists and health officials may find a vaccine that is effective in preventing Covid-19 by the end of this year "if we're lucky," billionaire philanthropist Melinda Gates tells CNBC.

The technology to make it happen already exists and retailers can implement it soon, said Jan Kniffen, CEO of J. Rogers Kniffen Worldwide Enterprise.

Coronavirus testing advances, including antigen tests, are changing the battle to slow the spread of Covid-19, according to Verily co-founder Jessica Mega and Becton Dickinson CEO Tom Polen.

The U.S.-based pharmaceutical giant, which is working alongside German drugmaker BioNTech, last week dosed its first participants in the United States with a potential Covid-19 vaccine.

Other states, such as Georgia, which has one of the most ambitious and earliest reopening plans, have yet to report an uptick in cases.

It could also set states back "on the road to try to get back to an economic recovery," Fauci tells senators.

IHS Markit sees the oil recovery playing out in three distinct phases.

Boeing customers scrapped orders for more than 100 737 Max planes, further denting the company's backlog.

Hyatt Hotels said it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors.

Luckin Coffee said it has fired its CEO and COO as part of an internal investigation into sales fraud.

These are the stocks posting the largest moves in midday trading.

Fauci testified in front of the Senate Committee on Health, Education, Labor and Pensions about the road to reopening businesses.

"We are going to see a gradual opening, and I think there's going to be a few ups and downs," Under Armour CEO Patrik Frisk told CNBC.

The Broadway League announced that the Great White Way's 41 theaters will remain closed through at least Sept. 6.

"The quicker a parent reports, then the quicker a health-care professional can evaluate, the more chance of protecting the child and seeing them through this challenge safely," de Blasio said.

The Swedish government has pledged to spend an additional 2.2 billion Swedish krona ($226 million) on care for the elderly, as its death toll from the coronavirus continues to rise.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 337,000 people across the state as of Tuesday .

The U.S. should be wary of working too closely with China in order to protect its own democracy, according to billionaire George Soros.