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Sunday, March 15, 2020

Business News, Updates

Business News, Updates


How to get an advance supply of critical medicine to prepare for a coronavirus outbreak and quarantine

Posted: 15 Mar 2020 10:14 AM PDT

medical medication medicine pharmacy pharmaceutical drugs pills vitamins cox prescription FDA over the counter OTCCrystal Cox/Business Insider

  • Public health and medical professionals are urging Americans, especially those who are older and who have underlying health conditions, to get an advance supply of critical medications so it's easier to stay home as the novel coronavirus spreads
  • Doing so is also important in case you do get ill from the virus and must self-quarantine. 
  • But it's important not to hoard medications, leading to group panic and shortages. 
  • Pharmaceutical and public health experts talked to Insider about exactly how much advance medication some people need, how to get it, and what barriers you may face. 
  • Visit Business Insider's homepage for more stories.

On Monday, the Centers for Disease Control and Prevention's Dr. Nancy Messonnier recommended that people who are at higher risk of getting seriously ill from the novel coronavirus — especially those who are over 80, have underlying health conditions, or both — to "take action." 

Specifically, Messonnier said to "have supplies on hand like routine medications for blood pressure and diabetes, and over-the-counter medicines and medical supplies to treat fever and other symptoms."

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 myths about the coronavirus, including why masks won't help

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FOLLOW US: Insider is on Facebook

How to watch Joe Biden and Bernie Sanders debate one-on-one the first time tonight, March 15

Posted: 15 Mar 2020 10:03 AM PDT

Joe Biden Bernie SandersAP Photo/Patrick Semansky

  • Tonight, former VP Joe Biden and Sen. Bernie Sanders will face off one-on-one for the first time in a presidential debate. 
  • CNN and Univision in partnership with the Congressional Hispanic Caucus' BOLD PAC are co-hosting the debate in Washington, DC on the evening of Sunday, March 15. 
  • The debate, which was initially scheduled to be held in Arizona, will not have live audience or spin room due to concerns over the nationwide novel coronavirus outbreak. 
  • The debate will air from 8 p.m. to 10 p.m. Eastern Time. and will be available to watch live on CNN, CNN En Español, Univision, on CNN.com, and on all CNN mobile and TV apps. 
  • Visit Business Insider's homepage for more stories.

On Sunday, March 15, the last two major Democratic presidential candidates standing — former VP Joe Biden and Sen. Bernie Sanders — will face off one-on-one for the first time in a presidential debate. 

CNN and Univision in partnership with the Congressional Hispanic Caucus' BOLD PAC are co-hosting the eleventh presidential debate of the Democratic primary in Washington, DC two days before four primary elections in Arizona, Florida, Illinois, and Ohio. 

See the rest of the story at Business Insider

NOW WATCH: A law professor weighs in on how Trump could beat impeachment

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SEE ALSO: Candidates who've dropped out of the presidential race are endorsing either Biden or Sanders. Here's whose side they're on and why.

A Democratic politician called for federal government to 'get its sh*t together' after airports are slammed by travelers returning to the US

Posted: 15 Mar 2020 10:02 AM PDT

FILE PHOTO: llinois Governor J.B. Pritzker delivers remarks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah MoonReuters

  • Travelers arriving in the US this weekend have faced lengthy waits in crowded areas at many of the nation's airports, as citizens flocked back in wake of the coronavirus pandemic and recent travel bans.
  • Illinois Gov. J.B. Pritzker laid the blame on the Trump administration for not preparing for an influx of arrivals, tweeting on Saturday evening "the federal government needs to get its s@#t together. NOW." 
  • The Democratic governor warned the problem will grow worse Sunday. "There are a larger number of flights with more people coming, and they seem completely unprepared," he said, referring to the Trump administration. 
  • Pritzker said Sunday he believes the federal government should have increased the number of employees at the airport from customs and border patrol as well as the Centers for Disease Control and Prevention.
  • Visit Business Insider's homepage for more stories.

Illinois Gov. J.B. Pritzker laid the blame for long waits and crowding at US airports on the Trump administration, saying in a Saturday evening tweet "the federal government needs to get its s@#t together." 

American citizens and other travelers arriving in the US waited for hours at several of the nation's aiports, according to numerous reports. 

See the rest of the story at Business Insider

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The Future of Fintech: AI & Blockchain

Posted: 15 Mar 2020 10:01 AM PDT

Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs.

Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain.

74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.

See the rest of the story at Business Insider

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House impeachment lawyer Daniel Goldman reportedly tested positive for coronavirus after raising alarms

Posted: 15 Mar 2020 09:46 AM PDT

impeachment hearings daniel goldmanGetty Images/Drew Angerer

  • Daniel Goldman, the lead counsel on the House Intelligence Committee, has tested positive for the coronavirus, according to reports.
  • Goldman spearheaded the House of Representatives' impeachment inquiry against President Donald Trump and was the chief litigator on the Democratic side.
  • House Intelligence Committee chairman Adam Schiff said in an earlier statement that a staffer who tested positive was "feeling better" and that no other member of the committee reported similar symptoms.
  • Goldman left Schiff's office ten days ago and was previously unsuccessful in getting tested for the coronavirus after experiencing "a fever and a headache."
  • Visit Business Insider's homepage for more stories.

Daniel Goldman, a former federal prosecutor who was the chief litigator on the Democratic side in the impeachment inquiry against President Donald Trump, has tested positive for the novel coronavirus, Politico reported on Sunday.

Rep. Adam Schiff, the chairman of the House Intelligence Committee and the lawmaker who spearheaded the impeachment inquiry, said in a statement earlier that a former staffer had tested positive for the virus and was "feeling better."

See the rest of the story at Business Insider

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Coronavirus live updates: More than 156,000 people have been infected and over 5,800 have died. The US has reported 57 deaths. Here's everything we know.

Posted: 15 Mar 2020 09:41 AM PDT

Wuhan virus China Beijing railway stationKevin Frayer/Getty Images

More than 156,000 people around the world have been infected with the novel coronavirus as of Sunda, and over 5,800 have died.

The World Health Organization declared it a pandemic on Wednesday.

China has seen a drop-off in its rate of new cases, but the virus has gained momentum in other parts of the globe. More than half of the people known to be infected have since recovered.

The new coronavirus — which causes a disease known as COVID-19 — had affected every province and region in China as well at least 141 other countries. Over 2,500 people have died outside mainland China.

 

 

Italy, China, El Salvador, New Zealand, Poland, Ireland, and Denmark have declared nationwide lockdowns in a bid to stem the spread of the virus. President Donald Trump announced Wednesday that his administration was suspending all travel between the US and Europe except the United Kingdom.

Major professional sports leagues, including the NBA and MLB, have suspended play.

The US has reported cases in nearly every state and confirmed 57 coronavirus deaths: 40 in Washington state, five in California, three in Florida, two in New York, and one each in Colorado, Georgia, Kansas, Louisiana, New Jersey, South Dakota, and Virginia.

Here's everything we know.

Coronavirus cases have been confirmed in more than 115 countries.

 

Outside China, cases have been reported in:

 

 



The World Health Organization declared the novel coronavirus a pandemic on Wednesday.

FABRICE COFFRINI/AFP via Getty Images

WHO officials said they were deeply concerned by the "alarming levels of inaction" to combat the coronavirus.

The WHO defines a pandemic as the "worldwide spread of a new disease." The determination is made based on the geographic spread of a disease, the severity of illnesses it causes, and its effects on society.

The WHO declared the coronavirus outbreak a global public-health emergency on January 30. That designation has been used five times since it was created in 2005.



China appears to have contained the spread of the coronavirus, but cases are surging in other parts of the world.

 

 




See the rest of the story at Business Insider

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SEE ALSO: The US has reported 57 coronavirus deaths among more than 2,900 cases. Here's what we know about the US patients.

DON'T MISS: Here are the symptoms of the deadly Wuhan coronavirus and when you should be worried

THE EVOLUTION OF THE US NEOBANK MARKET: Why the US digital-only banking space may finally be poised for the spotlight (GS, JPM)

Posted: 15 Mar 2020 09:30 AM PDT

NeoBank Infographics 3x4Business Insider Intelligence

What is a neobank? Total Funding for Major European and US NeobanksBusiness Insider Intelligence

Neobanks, digital-only banks that aren't saddled by traditional banking technology and costly networks of physical branches, have been working to redefine retail banking in major markets around the world.

Top neobanks in the US & EU

The top neobanks in the US and EU include:

See the rest of the story at Business Insider

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SEE ALSO: Latest fintech industry trends, technologies and research from our ecosystem report

The UK has reported 1372 coronavirus cases and 35 deaths. Here's what we know about how the virus is spreading across Britain.

Posted: 15 Mar 2020 09:28 AM PDT

coronavirus ukGetty

  • The UK has reported 1372 coronavirus cases and 35 deaths linked to the virus as of Saturday morning, meaning the death toll nearly doubled in the space of a day.
  • There were 232 new cases announced on Sunday.
  • Prime Minister Boris Johnson will ban large events in the UK from next week.
  • Fourteen more people have died after being diagnosed with coronavirus since Saturday, bringing the UK death count to 35.
  • May's local and mayoral elections have been postponed.
  • Visit Business Insider's homepage for more stories.

A total of 1372 people have been diagnosed with coronavirus in the UK, up from 1140 on Friday, while 35 people have died, up from 21 the previous day.

Prime Minister Boris Johnson has banned large events in a u-turn, following criticism that he was reacting too slowly to the crisis.

The coronavirus causes a respiratory disease known as COVID-19. More than 5,000 people have died and more than 145,000 others have been infected worldwide, mostly in China. Cases have been recorded in at least 105 countries.

The UK has seen a rising number of cases of "community spread," which describes people with no known exposure to others with the virus or travel history to countries where outbreaks have been reported.

For the latest global case total, death toll, and travel information, see Business Insider's live updates here.

Carry on reading below for the latest updates on how the virus is spreading across Britain.

Kieran Corcoran, Alison Millington, and Rachel Hosie contributed reporting to this post.

Confirmed coronavirus cases in UK rises to 1372

Getty Images

A total of 1372 people have been diagnosed with coronavirus in the UK, up from 1140 on Friday, while 35 people have died, up from 21 at the same point yesterday.

 



Coronavirus death count in UK nearly doubles to 21, confirmed cases rises to 1140.

REUTERS/Simon Dawson

A total of 1140 people have been diagnosed with coronavirus in the UK, up from 801 on Friday, while 21 people have died, up from 10 at the same point yesterday.

Those figures represent the biggest single-day jump in both the death count and the number of confirmed cases since the UK outbreak began. 

 



Newborn baby in London becomes youngest person in the world to test positive for coronavirus

ihorga/Shutterstock

A newborn baby has reportedly become the youngest person in the world to test positive for the novel coronavirus.

The baby's mother was rushed to hospital in London with suspected pneumonia a few days ago, the Sun reported.

Once it was ascertained that both mother and baby had coronavirus, they were placed in separate hospitals overnight to receive treatment. 

It's unknown whether the baby contracted the virus in the womb or during the labour.




See the rest of the story at Business Insider

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President Trump reportedly tried to poach German scientists working on a cure for coronavirus and offered cash so the vaccine would be exclusive to the USA

Posted: 15 Mar 2020 09:26 AM PDT

Employee Philipp Hoffmann, of German biopharmaceutical company CureVac, demonstrates research workflow on a vaccine for the coronavirus (COVID-19) disease at a laboratory in Tuebingen, Germany, March 12, 2020. Picture taken on March 12, 2020. REUTERS/Andreas GebertREUTERS/Andreas Gebert

  • President Donald Trump reportedly tried to poach German scientists working on a cure for the coronavirus so he could secure exclusive rights to a potential vaccine for the US only.
  • Newspaper WELT am Sonntag reported that Trump's administration had offered large sums of cash to Germany-based biotech company CureVac to secure rights for the vaccine work, "but only for the USA."
  • The German government is battling back, offering financial incentives to the company to remain in Germany.
  • Karl Lauterbach, a senior German politician and professor of epidemiology, said in response to the report: "The exclusive sale of a possible vaccine to the USA must be prevented by all means. Capitalism has limits."
  • CureVac said it has been in contact with many organizations and global authorities, but denied "rumors of an acquisition" in a statement Sunday to Business Insider.
  • Visit Business Insider's homepage for more stories.

President Trump reportedly tried to recruit German scientists working on a cure for the coronavirus and offered large sums of money to secure exclusive rights to their work for the US, according to a report which was confirmed by the German government.

Prominent German newspaper WELT am Sonntag reported that Trump had offered large sums of money to lure the Germany-based company CureVac to the United States and to secure exclusive rights to a vaccine.

See the rest of the story at Business Insider

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Get the latest news, data, highlights, and analysis from the Business Insider Intelligence research team - FREE

Posted: 15 Mar 2020 09:00 AM PDT

Walmart's drive-thru coronavirus testing sites will be hosted on the 'far edge' of store parking lots, internal memo says

Posted: 15 Mar 2020 07:45 AM PDT

Walmart Employee parking lotTim Boyle/Getty Images

  • Walmart is working with the federal government to set up drive-thru coronavirus testing sites in some of its stores' parking lots.
  • Locations and timing of the testing sites will be determined by the federal government, according to an internal memo reviewed by Business Insider. 
  • "For the limited number of stores chosen, testing will be in-car and at the far edge of the parking lot and all testing will be administered by federal health officials," the memo said.
  • Visit Business Insider's homepage for more stories.

Walmart CEO Doug McMillon announced Friday that the company had agreed to host drive-thru coronavirus testing sites in the parking lots of some stores.

The company later shared a memo with store management that revealed some further details, including plans to place the testing sites at the "far edge" of parking lots.

See the rest of the story at Business Insider

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SEE ALSO: Walmart is cutting hours at nearly half its US stores amid the coronavirus outbreak

3 reasons to keep your cash in high-yield savings instead of checking

Posted: 15 Mar 2020 07:45 AM PDT

woman using laptopilona titova/Getty Images

  • A checking account isn't the place to keep money you want to grow, but a high-yield savings account is. 
  • In a high-yield savings account, money will earn more interest than it ever could in a checking account. And, you'll be less tempted to spend it. 
  • Putting your money into multiple high-yield savings accounts can help you to visualize your goals and see your progress easier. 
  • See Business Insider's picks for the best high-yield savings accounts »

Your checking account isn't the place for your money to grow. 

If you're keeping too much money in your checking account, you might find you've been procrastinating on the things you want to accomplish with your money, neglecting your retirement account, or missing out on other opportunities to build wealth.

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 myths about the coronavirus, including why masks won't help

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Here's how much people in 29 jobs that are at a high risk of exposure to coronavirus make (it's not that much)

Posted: 15 Mar 2020 07:30 AM PDT

medical equipment preparer

There are over 1,800 confirmed cases and 41 deaths related to the novel coronavirus outbreak in the US. Although some companies have told their employees to work from home, not all jobs are as flexible or allow workers to complete their job responsibilities remotely. 

Business Insider recently took an in-depth look at the kind of jobs that have a high probability of being at risk to the coronavirus based on different measures, such as jobs with high exposure to disease. Not only are people working in medical fields potentially at risk, but also people in service occupations like food service, barbers, and sales workers.

We created a list of the salaries of 29 occupations that could face a higher risk of exposure to the coronavirus.

We used the Bureau of Labor Statistics' Occupational Employment Statistics program to get data about the occupations' average annual salaries and estimated number of workers as of May 2018, the most recent period available. Our list included nurses, food workers, retail salespersons, and bus drivers among other jobs where people work in close contact with the public, cannot work remotely, or are medical professionals. 

The average salaries ranged from $20,130 a year for barbers to $196,490 a year for general internists. Many of the occupations have relatively low average pay. 12 of the occupations on the list make less than $30,000 a year on average, such as taxi drivers and retail workers. 20 of the 29 occupations on average earn less than the annual average salary in May 2018 of $51,960.

The following are 29 occupations that are likely to be at risk from coronavirus, ranked from highest to lowest average salary. 

29. General internists earn an average of $196,490 a year.

AP Photo/Jim Mone

There are 37,820 general internists employed in the US.



28. Airline pilots, copilots, and flight engineers an average of $169,560 a year.

Michael Dunning/Getty Images

There are 82,890 airline pilots, copilots, and flight engineers employed in the US.



27. Nurse practitioners earn an average of $110,030 a year.

Hero Images/Getty Images

There are 179,650 nurse practitioners employed in the US.




See the rest of the story at Business Insider

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SEE ALSO: The average salaries for Americans working in 19 life-saving jobs key to fighting the coronavirus outbreak

Bernie Sanders' vague foreign policy ideas won't help the US regain its standing in the world

Posted: 15 Mar 2020 07:12 AM PDT

bernie SandersBastiaan Slabbers/NurPhoto via Getty Images

  • Sen. Bernie Sanders' foreign policy leaves much to be desired.
  • The US needs to recover its standing in the world once President Trump leaves office, but Sanders' plans wouldn't help with that goal.
  • Brett Bruen was the director of global engagement in the Obama White House and a career American diplomat. He runs the crisis-communications agency Global Situation Room.
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider's homepage for more stories.

Bernie Sanders has a big problem: his weak foreign policy plans.

The senator from Vermont has mostly tried to skate past substantive discussions on national security, falling back instead on a few shallow canned comments. As one of two serious candidates left in the Democratic primary, this lack of foreign policy focus is alarming and unacceptable.

See the rest of the story at Business Insider

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From healthcare and Wall Street to Silicon Valley and space exploration, here's a breakdown of how the coronavirus is upending every industry

Posted: 15 Mar 2020 07:11 AM PDT

In this photo provided by Austin Boschen, people wait in line to go through the customs at Dallas Fort Worth International Airport in Grapevine, Texas, Saturday, March 14, 2020. International travelers reported long lines at the customs at the airport Saturday as staff took extra precautions to guard against the new coronavirus, The Dallas Morning News reports. Boschen said it took him at least 4 hours to go through the customs. (Austin Boschen via AP)Associated Press

Hello!

My Insider Inc. colleagues and I are now all working from home, and I expect many of you are too. I will admit that so far that it's been an adjustment. With that in mind, I want to start the newsletter this week with advice from six of our senior editors who have worked remotely for years about how to do it productively. 

See the rest of the story at Business Insider

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How the coronavirus pandemic is impacting the media business, from theme park closures at Disney to production halts at Netflix

Posted: 15 Mar 2020 07:10 AM PDT

FILE PHOTO: Bob Chapek, chairman of Walt Disney Parks and Resorts, speaks during the 10th anniversary ceremony of Hong Kong Disneyland in Hong Kong, China September 11, 2015. REUTERS/Tyrone Siu/File PhotoReuters

  • Media companies, along with the rest of the economy, are being strained by the coronavirus pandemic.
  • Business Insider breaks down the biggest impact to media businesses so far, including the closures of Disney's parks around the world and the companies most threatened by the spread of the virus.
  • Visit Business Insider's homepage for more stories.

TV and film productions are being put on hold, major sporting events are being canceled or postponed, and theme parks are closing their gates as businesses and governments try to slow the spread of the coronavirus globally.

The media industry, along with the rest of the economy, is being strained by the pandemic.

See the rest of the story at Business Insider

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The Death of Cash

Posted: 15 Mar 2020 07:02 AM PDT

Both globally and in the US, the payments ecosystem is evolving. Death of Cash

Two related trends: the slow death of cash and the fast rise of digital payments, are transforming how consumers, businesses, governments, and even criminals move money.

Annual global non-cash transactions are expected to pass the 1 trillion milestone by 2024. This major transformation is being propelled by several factors, including increased usage of digital wallets, more small vendors adapting to accept credit cards, and the explosive growth of mobile commerce.

See the rest of the story at Business Insider

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Nike will temporarily close all US retail stores for 2 weeks to limit the spread of the coronavirus pandemic (NKE)

Posted: 15 Mar 2020 06:33 AM PDT

nike 7263Business Insider/Jessica Tyler

  • Nike is closing many of its stores across the world due to the coronavirus pandemic.
  • Starting on March 16, Nike stores in the US, Canada, Western Europe, Australia, and New Zealand will stay shut down through March 27.
  • In a statement, the retail giant said the closures are meant to limit the spread of the novel coronavirus, which has rapidly spread across the globe, infecting more than 150,000 people and killing over 5,700.
  • Nike stores in South Korea, Japan, and most of China will remain open with normal operations, the company added.
  • Visit Business Insider's homepage for more stories.

After temporarily shuttering its corporate headquarters in Beaverton, Oregon, two weeks ago, Nike is now closing many of its retail stores across the US due to coronavirus concerns. 

In a statement released Sunday, the retail giant said it is closing all of its stores in the US, Canada, Western Europe, Australia, and New Zealand to limit the spread of the virus. These stores will close from March 16 through March 27.

See the rest of the story at Business Insider

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The 10 best and cheapest ways to play great video games while you're stuck indoors

Posted: 15 Mar 2020 06:22 AM PDT

The Legend of Zelda: Breath of the WildNintendo

  • Due to the ongoing coronavirus pandemic, people everywhere are spending more time at home.
  • What to do with all that free time? Play great video games.
  • Here are our suggestions for the best video games to play for all types of people.
  • Visit Business Insider's homepage for more stories.

You stuck at home? We're stuck at home.

Now is your chance to finally, seriously, read "The Power Broker." Or learn how to make sourdough bread from scratch!

Whenever you're through with that stuff, and you're getting bored, here are some killer suggestions for the best video games to play.

Dive into a breathtaking, massive world with "The Legend of Zelda: Breath of the Wild."

Nintendo

"The Legend of Zelda: Breath of the Wild" is one of the best games of the last 10 years, and among the best of its franchise. 

Much of the setup for "Breath of the Wild" happened 100 years in the past. The game supposes that you (Link) and Princess Zelda — the longtime heroine of the series — failed in a major battle against antagonist Ganon. Now, 100 years later, you're trying to repair the damage from that calamitous encounter.

There's far more to the story than that, but it's much more exciting to discover on your own.

And discovery is at the heart of everything in "Breath of the Wild." It's a massive open world full of secrets waiting to be found. There are few games that feel as immersive and alive as "Breath of the Wild," and it's a great way to spend a few dozen hours. 

Platform(s): Nintendo Wii U and Nintendo Switch



Laugh your face off with friends and family of all ages with any/all of the "Jackbox Party Pack" game bundles.

Jackbox Games

Forget about Parcheesi — your family and friends will have much more fun with ridiculous and delightful Jackbox Games classics like "Quiplash" and, of course, "You Don't Know Jack."

There are so many upsides to the excellent "Jackbox Party Packs." They come with a bunch of games in each, they're playable with a bunch of people without any additional hardware, they're available on every platform, and they're a ton of fun.

Each pack contains a handful of different games, and each game is its own board game. Some are focused on trivia while others are closer to Mad Libs or Pictionary. The games are universally clever, easy to learn, and very replayable.

More than anything else on this list, the "Jackbox" games are accessible for anyone — whether you've played lots of video games or never held a controller in your life. 

Platform(s): Pretty much everything, including every game console, computer platform, and most set-top boxes. 



Chill with "Stardew Valley." Just chill.

Stardew Valley

"The best way to describe the game, as a whole, is 'charming,'" my coworker, Matt Weinberger, wrote in a 2018 love letter to "Stardew Valley."

"There's no real pressure," he wrote. Simply put, "Stardew Valley" is a very chill game. And in these trying times, couldn't you use a chill game? 

Here's how Matt described the game:

"You are a city-slicker who inherits his late grandfather's dilapidated farm. It's up to you to plant crops, break rocks, chop wood, and cut grass to restore the farm to its former glory. And as your farming prowess grows, so too will your relationship with your neighbors in the town of Stardew Valley, the game's namesake. If you ever played the classic Super Nintendo title 'Harvest Moon,' the game's inspiration, you know what to expect."

Better still: Since launching back in 2016, the game has gotten a string of substantial, free updates that added major features like online multiplayer.

Instead of refreshing Twitter, why not water some crops and tend to some chickens? Now is the perfect time for some self care.

Platform(s): PlayStation 4, Xbox One, Nintendo Switch, PC, Mac, iOS, Android




See the rest of the story at Business Insider

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SEE ALSO: China's coronavirus lockdown is economically terrible for almost everyone except delivery, news, and gaming apps

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