The measure's expected approval in the afternoon will send it to President Donald Trump 's desk for his signature. The Senate cleared the legislation on Tuesday in a unanimous vote.
* * *
While the government has committed all of the small business aid from the earlier package, it is unclear how much it has delivered to businesses during a tumultuous program rollout.
Democrats did not secure aid for states and municipalities in this week's legislation. While both they and Trump have said they want to include grants in the next relief legislation , Senate Majority Leader Mitch McConnell said Wednesday he would rather let states declare bankruptcy than send them more federal aid.
This may worth something:
Business this week | The world this week | The Economist
Oil prices tanked amid forecasts that demand will tumble this year. Brent crude dropped below $16.50 a barrel, a two-decade low. May contracts for West Texas Intermediate, the benchmark for American oil, fell into negative territory for the first time, plunging at one point to -$40 a barrel, meaning traders in effect paid for someone else to hold the commodity. Concern that storage facilities at a key delivery point were full, just as the contracts were due to be settled, added to the panic.
Business and Science Are Pointing in the Same Direction - The Atlantic
The question on everyone's mind now is when it will be safe to come back out. Business interests argue that the economy should be reopened; public-health scientists argue that it is still too early; and politicians are struggling to find a path forward. What they need, though, is not a path, but a process. And when it comes to designing a process for making crucial decisions, business leaders and scientists are surprisingly well aligned.
Over the past several decades, businesses around the world have turned to the discipline of the scientific process to make decisions when the stakes are high and the outcomes are uncertain. Instead of relying on a handful of people sitting in a corporate boardroom to make sweeping and often-irreversible choices, companies have embraced experimentation.
In a Crisis, Ecosystem Businesses Have a Competitive Advantage
Coronavirus has exposed the vulnerabilities of companies whose competitive advantage is based on the ownership of unique physical assets — such as airlines and cruise lines but also manufacturing and traditional retail. There are a dozen or so companies — from Amazon to Alibaba — who create a strategic advantage by leveraging partnerships, investments, and alliances to continuously adapt their offering to a changing customer base.
Most companies cannot quickly change their business model to open up new revenue streams. Different firm activities are interlocked with one another via standard procedures. There's a high cost to switching internal operations. The result is like a pyramid: sturdy and impressive, but rigid and brittle.
Not to change the topic here:
Maryland Business Emergency Operations Center Delivers Crucial Intelligence, Guidance to Maryland
REISTERSTOWN, Md. (April 23, 2020) — During emergencies and disasters, close collaboration between the Maryland Emergency Management Agency (MEMA) and the private sector is critical in protecting citizens and rebuilding communities. The Maryland Business Emergency Operations Center (MBEOC) is MEMA's two-way conduit for information sharing between public and private sector stakeholders.
All Maryland businesses are encouraged to find out more information on the MBEOC and MEMA's Private Sector Integration Program ( PSIP ) and to consider joining. Signing up is easy and only takes a few minutes. Please visit https://mema.maryland.gov/community/Pages/PSIP-Welcome.aspx
Bloomberg - Are you a robot?
Maxim Barbers' Diane Fall on Georgia lifting business restrictions
The owner of a Georgia barbershop said she is not planning to open her doors Friday, when the state lifts coronavirus-related restrictions for businesses like hers.
"I'm definitely not opening this Friday. I don't have a calendar date for opening," Diane Fall said Thursday on CNBC's "Squawk Box."
Fall, who owns Maxim Barbers in Decatur, Georgia, said the task of gathering personal protective equipment and other supplies needed to meet safety requirements by Friday is too onerous.
Dallas hotelier gets $58.7 million in small business bailout funds - Reuters
SAN FRANCISCO (Reuters) - Three publicly traded companies overseen by Dallas hotelier Monty Bennett have borrowed $58.7 million under a program aimed at helping small businesses through the coronavirus pandemic, and that may be just a start.
More than 150 public companies borrowed more than $500 million under the program before it ran out of funds last week, a Reuters review of SEC filings shows. U.S. lawmakers are expected Thursday to approve an additional $320 billion to the program, and President Donald Trump is expected to quickly sign the bill into law.
Happening on Twitter
Please study this closely. We saved many lives with our fast action on CoronaVirus! https://t.co/IKtkciXEEO realDonaldTrump (from Washington, DC) Thu Apr 23 12:16:41 +0000 2020
Uma primeira Operação, realizada em conjunto com a CGU, sobre possíveis desvios do emprego de recursos destinados a… https://t.co/P7fTwn0md0 SF_Moro (from Brasília, Brasil) Thu Apr 23 13:57:53 +0000 2020
LIVE: Press Briefing with Coronavirus Task Force https://t.co/SB1Rg3e3v4 WhiteHouse (from Washington, D.C.) Wed Apr 22 22:08:51 +0000 2020
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