VCs and startups CEOs to launch Covid-19-focussed GrantThe Action Covid Team Grants, which is possibly a first-of-its-kind initiative globally, has already received about 40% of its target corpus.
Users of the fitness tracking device Fitbit are moving a lot less, a sign that social distancing initiatives intended to slow the spread of the coronavirus are having an impact. Steps by individual U.S. Fitbit users were down an average of 12% during the week of March 22 compared to the same period in 2019, […]
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Subscribe to Outbreak, a free daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. There’s one positive thing to say about Q1 and the stock market: It’s finally over. Markets closed down nearly 2% on Tuesday, the final day of the tumultuous first quarter of 2020. That makes this […]
Xerox has canceled its hostile takeover bid for HP Inc., citing the coronavirus epidemic and the resulting market turmoil. The copy machine specialist, which announced its change of course Tuesday, said that it would also “no longer seek to nominate our slate of highly qualified candidates to HP’s board of directors.” “While it is disappointing […]
Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. The $2.2 trillion coronavirus stimulus bill signed into law by President Donald Trump last week set aside $349 billion for a new small-business loan program. If small businesses maintain payroll during this […]