Trump's announcement came a day after governors from six states said they would form their own group to coordinate plans to eventually reopen their economies.
"If we're successful … we're hoping to get to hundreds of millions of doses by the end of next year," GlaxoSmithKline CEO Emma Walmsley told CNBC's Jim Cramer.
"I agree it's messed up, but the contrast between a roaring stock market and an obliterated job market does tell you a lot about what's happening at this moment," he said.
The number of deaths is staggering but nonetheless shows that shuttering nonessential businesses and keeping New Yorkers home is helping to curb the Covid-19 outbreak, Gov. Andrew Cuomo said.
J.C. Penney has approached consulting firm AlixPartners as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
There's a reason you can't get a refund from Ticketmaster for a postponed concert or Broadway show — the online ticket seller doesn't have your money. The venue does.
A new reality for retailers includes temporarily shuttered storefronts and steep sales declines. Part of that equation is a more complex issue: Handling shoppers' returns.
General Motors said on Tuesday the first batch of ventilators needed to treat severely sick coronavirus patients were ready for delivery to the United States government.