Day: August 3, 2020

Motorcoach industry looks to Congress to keep buses on the road

spike 2 months ago

Glenn Every’s lot is loaded with buses sitting idle.

“We’re devastated,” said Every, the owner and operator of Tonche Transit, a small bus company in Mount Tremper, New York. “It’s like someone turned a switch off on March 13, and with the exception of one trip, we have not turned a wheel since.”

Every took over the business from his dad, but since the pandemic, he has furloughed or laid off almost all his employees, including his own son.

Reservations aren’t coming in to charter any of his seven motorcoaches. Passengers are worried about coronavirus, and maintaining a social distance

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Eli Lilly is using mobile labs to study if its antibody drug can prevent Covid-19 in nursing homes

spike 2 months ago

Eli Lilly has started late-stage trials to determine whether its antibody drug can prevent Covid-19 in nursing homes — and a fleet of mobile research labs are critical to making the study possible. 

“We wanted to see if we could help people in nursing homes because the disease has been so devastating,” Dr. Dan Skovronsky, chief scientific officer of Eli Lilly, said Monday on CNBC’s “The Exchange.”  “It’s just heartbreaking to think about the isolation, the fear, the illness and death.” 

Nursing homes account for about 8% of Covid-19 cases in the U.S., but about 41% of deaths, according

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Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’

spike 2 months ago

U.S. President Donald Trump speaks to reporters during a signing event for an executive order on “hiring American” in the Cabinet Room of the White House in Washington, August 3, 2020.

Jonathan Ernst | Reuters

President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause more harm than good, doubling down on previous comments that he would not call for a nationwide lockdown. 

“It’s important for all Americans to recognize that a permanent lockdown is not a viable path forward producing the result that you want or certainly not a

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U.S. stock futures open flat after Monday’s tech-powered rally

spike 2 months ago

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020.

Johannes Eisele | AFP via Getty Images

U.S. stock futures traded along the flatline on Monday night after the major averages logged in sharp gains to start the new month earlier in the day.

Dow Jones Industrial Average futures were down 14 points, or less than 0.1%. S&P 500 and Nasdaq 100 futures traded marginally lower as well. 

The Dow closed Monday’s session up more than 200 points, or 0.9%. The S&P 500 rallied to its highest level since Feb. 21 and the

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