When officials with Chembio Diagnostics heard about the Small Business Administration's Paycheck Protection Program, they jumped at the chance to get a share of the public money.
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Goldwein says it's not acceptable for companies to participate in the program when they're actually benefiting from coronavirus: "Companies have to self-certify that they need this money because they are experiencing adverse affects."
Page says it was totally proper for her company, which has gotten government grants over the years to work on testing, to take the paycheck protection money.
In case you are keeping track:
Tesla turns surprise first-quarter profit despite coronavirus shutdown - Business Insider
"Despite global operational challenges, we were able to achieve our best first quarter for both production and deliveries," the company said. However, Tesla Semi deliveries will be delayed until 2021 as the carmaker focuses on scaling up Model Y production, the company said.
Tesla's stock price spiked as much as 8% in after-hours trading following the release. Shares of the company were down about 13% from their recent highs at Wednesday's close, mirroring a similar sell-off in wider equity indexes.
Coronavirus treatment: Gilead says positive data on remdesivir coming - Business Insider
A leading coronavirus treatment candidate succeeded in a critical trial, helping COVID-19 patients who took it recover faster than those who got a placebo.
The patients taking remdesivir recovered 31% faster than those taking the placebo, the NIH found. The typical patient who took remdesivir recovered in 11 days, while the typical patient in the placebo group recovered in 15 days.
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Merdad Parsey, Gilead's chief medical officer, said Gilead's results complemented the data from the NIH's placebo-controlled trial and were intended to help figure out the right dose to give patients. The trial generated similar results for patients treated with the five-day course and those treated with the 10-day course, Gilead said.
City of Atlanta COVID-19 Business and Restaurant Reopening Survey - Eater Atlanta
Residents of Atlanta are being asked to voice their opinions on how the city should reopen for business by taking an online survey . The survey is featured on the city's official COVID-19 response website, #ATLStrong.org , which is meant to provide public resources, guidance, and updates on the novel coronavirus and its impact on Atlanta. People can also complete the survey by calling 404-546-0311.
Questions on the survey range from a person's willingness to patronize restaurants, salons, and sports venues right now, to measures that must be taken by businesses in order for people to feel safe returning.
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Questions abound about business reopening plans - Portland Press Herald
A narrow category of businesses will be permitted to reopen throughout Maine on Friday, but state officials were still finalizing details Wednesday about how that process will occur and what business owners will be required to do in order to welcome customers back.
Meanwhile, many other businesses and public services remain in a holding pattern, unsure where they fit into the state’s plan to gradually reopen the economy.
At an afternoon press conference, Heather Johnson, commissioner for the Department of Economic and Community Development, urged patience and flexibility as state regulators wade through problems that have no modern precedent in public health or economics.
Coronavirus response: Big Trump donors influencing White House
President Donald Trump has sought and received advice on tackling the coronavirus crisis in private conversations with several of his allies in the business world, according to people familiar with the matter.
There are at least four executives Trump and his team have been in regular contact with, according to the people, who declined to be named due to the private nature of the conversations. They include Blackstone CEO Steve Schwarzman, Oracle Executive Chairman Larry Ellison, Bank of America CEO Brian Moynihan and John Catsimatidis, CEO of New York grocery chain Gristedes. Three of the men – Ellison, Schwarzman and Catsimatidis – are big Trump donors.
Business owners who care for Washington's powerful now look to them for survival - CNNPolitics
(CNN) The nation's capital is a town where relationships are currency -- and where behind all the partisan bluster, most businesses run in a party-free zone, serving and tending to both Republicans and Democrats. They actually operate not knowing, nor particularly caring, who is whom, as long as the customers are kind and repeat business, bills get paid and people, to the left or the right, treat each other well.
CORRECTION: This story has been updated to reflect chef and owner Amy Brandwein's revenue is down 70% as a result of coronavirus.
Middletown small-business owners catering to customer needs amid pandemic - The Middletown Press
Amato's Toy and Hobby in Middletown has devised a way to stay in business during the corona pandemic by offering take-out gifts, puzzles, toys, hobbies — everything they normally sell. They're communicating much more with customers during the coronavirus pandemic than every before.
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MIDDLETOWN — Small business owners in Middletown are turning social distancing practices implemented during the coronavirus epidemic to their advantage by shifting their marketing model into a virtual personal shopping experience.
Happening on Twitter
Trump's Paycheck Protection Program is a major corruption scandal, but it isn't being treated as such. Perhaps that… https://t.co/ewkGkOuzoi JamilSmith (from Los Angeles, CA) Wed Apr 29 18:34:03 +0000 2020
President @realDonaldTrump signed the $310 billion Paycheck Protection Program refill into law on Friday. This aft… https://t.co/5jwHq4tpZX WhiteHouse (from Washington, D.C.) Wed Apr 29 00:40:00 +0000 2020
America's smallest businesses received the majority of loans in the first wave of the Paycheck Protection Program!… https://t.co/ja3ZeKC8ey WhiteHouse (from Washington, D.C.) Tue Apr 28 17:32:01 +0000 2020
In the initial round of Paycheck Protection Program funding, @SBAgov provided nearly $350 BILLION to more than 1.6… https://t.co/h8gfVV9teu PressSec (from Washington, D.C.) Tue Apr 28 15:17:25 +0000 2020
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