virus

The long-anticipated criminal fraud trial of Theranos founder Elizabeth Holmes will likely get delayed until early next year — and she has the coronavirus to thank. The disgraced former Silicon Valley wunderkind — whose $9 billion tech startup imploded after it was revealed the company was peddling bogus blood tests — was scheduled to appear …

German-owned supermarket chain Aldi — a deep-discounting cousin of the popular Trader Joe’s supermarket chain — says it will open more than 70 new US stores by the end of the year in its quest to become America’s third-largest grocer. Aldi’s US arm is forging ahead with a more than $5 billion expansion plan despite …

The European Union reached a “historic” deal early Tuesday morning on a massive coronavirus stimulus plan after nearly five days of intense negotiations. The deal includes $857 billion in grants and loans, the largest joint borrowing in the history of the E.U., which will go towards repairing and rebuilding the economies of the group’s 27 …

Florida’s largest teachers union sued Governor Ron DeSantis on Monday to overturn an emergency order requiring schools to offer in-person instruction five days a week next month, even as cases of COVID-19 surge in the state. In the suit, filed in circuit court in Miami-Dade county, the Florida Education Association accuses the governor and several …

Coca-Cola’s global sales plummeted 28 percent in the second quarter as coronavirus lockdowns continued to crimp consumption, the company said Tuesday. The soft drink giant said pressure on “away-from-home channels” such as restaurants, bars and movie theaters drove the decline. Officials around the world have shut down such venues — which account for roughly half of Coke’s …

LinkedIn plans to cut about 960 jobs as the coronavirus pandemic delivers a blow to its corporate recruiting business. The cuts, which represent about 6 percent of the Microsoft-owned networking platform’s workforce, will be concentrated in its sales and hiring divisions, CEO Ryan Roslansky told employees late Monday. Roslansky cast the cuts as difficult but …

A group of economists and business leaders urged Congress on Monday to include healthcare price transparency in the next COVID-19 stimulus package. In a letter sent to President Trump and other GOP leadership, signatories — including former House speaker Newt Gingrich, Forbes Media chairman and CEO Steve Forbes, former state treasurer of Ohio Ken Blackwell …

A California pastor has promised to keep his church’s doors open for worship, bucking a new mandate from the governor ordering houses of worship to close once again as cases of the coronavirus spike across the state. Pastor Greg Fairrington of Destiny Christian Church in the northern California city of Rocklin announced last week that …

An early human trial of Oxford University’s experimental coronavirus vaccine has yielded a strong immune response in hundreds of people, according to newly released data. The potential vaccine, which the U.K. university developed in partnership with drugmaker AstraZeneca, was administered in a trial that involved 1,077 people and caused an immune response in people aged …

It’s hot as Mars outside, and everybody wants to be sitting in a freezing movie theater watching a two-hour action flick and forgetting how much everything sucks. Says the government: Too bad! Despite our impressive progress on containing the coronavirus in New York, our sweaty citizens still can’t just put on a mask and sit …