BUSINESS

A powerful nor’easter is sweeping up the U.S. East Coast and threatening to bury parts of 10 states under deep snow accompanied by coastal flooding and high winds.

Some shuffling among owners has some Las Vegas Strip properties destined in coming months for rebranding, demolition, reconstruction and the addition of familiar names.

The International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury.

Ohio’s price tag for landing Intel’s new computer chipmaking factory comes in at roughly $2 billion.

President Joe Biden has an opportunity for a reset on climate policy after a federal judge rejected an administration plan to lease millions of acres in the Gulf of Mexico for offshore oil drilling.

A federal appeals court has upheld California's net neutrality law, rejecting an attempt by telecom groups to prevent it from going into effect.

Concern about new high-speed wireless service interfering with airplanes appears to be easing.

State and local governments reported more than $117 billion of revenue losses in the first year of the coronavirus pandemic.

Lowe’s is betting its customers want cans of dog food as well as cans of paint.

New York state is looking at lowering the farm worker overtime threshold from 60 hours a week.

Argentina says it has reached an agreement with the International Monetary Fund to refinance more than $40 billion in debt.

Some residents think a northern Alabama city’s new logo might be sending the wrong message.

A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods.

Tech giant Hewlett Packard Enterprise has won a multibillion-dollar lawsuit against a British businessmen it accused of fraud after purchasing his software company Autonomy a decade ago.

Moves by carmaker Stellantis to consolidate its position in fast-growing China seem to be off to a rocky start after one of its joint venture partners said it hadn’t been consulted before an announcement of plans to grab a controlling stake.

High-stakes diplomacy continues to try to avert a war in Eastern Europe.

Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.

Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened.

The International Labor Organization says about 1.6 million jobs were lost in Myanmar in 2021, with women suffering the biggest setbacks as work in factories, tourism and construction dwindled amid the pandemic and a military takeover.

Malaysia’s AirAsia Group has changed the name of its listed holding company to Capital A to reflect the diversity of its business portfolio as it seeks to grow its non-airline revenue.

Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving.

Google plans to invest up to $1 billion in partnership with India’s Airtel for providing affordable access to smartphones to over a billion Indians and accelerating the cloud ecosystem for businesses.

South Korea plans to add hundreds of small neighborhood hospitals and clinics to treat the thousands more people expected to get COVID-19 during a developing omicron surge.

A federal judge won't rein in the roundup and capture of wild horses in eastern Nevada — rejecting advocates’ claims the federal government was needlessly and recklessly killing free-roaming mustangs in violation of U.S. law.

A turbulent week for markets ended with a late burst of buying, breaking a three-week losing streak and giving major indexes their biggest gains of the year.

Toyota says it's working with Japan’s space agency on a vehicle to explore the lunar surface, with ambitions to help people live on the moon by 2040 and eventually live on Mars.

A federal court has rejected a plan to lease millions of acres in the Gulf of Mexico for offshore oil drilling, saying the Biden administration did not adequately take into account its effect on greenhouse gas emissions.

Federal officials say a yearling humpback whale off Maui has been freed from a life-threatening entanglement in mooring gear and a plastic trawling buoy.

The Alden Global Capital hedge fund is sending its own appeal to shareholders of newspaper publisher Lee Enterprises as part of its campaign to acquire the company.

The Home Depot has named a veteran executive as its new CEO.

Visa’s fiscal first-quarter profits rose 27%, as improving economies worldwide as well as more people using digital payments helped lift the company’s fortunes.

Apple shook off supply shortages that have curtailed production of iPhones and other popular devices to deliver its most profitable holiday season yet.

Growth keeps slowing for Robinhood Markets, the upstart company that upended the brokerage industry, and its stock keeps falling.

The name Kim Jones dominated Paris fashion for a second week running as the indefatigable Briton who designs for Dior Men’s was back on the runway to present his latest couture collection for Fendi.

Stephanie Ruhle is replacing Brian Williams on the weeknight MSNBC broadcast ‘The 11th Hour,’ and the show ‘Morning Joe’ will expand to four hours.

A federal judge has denied a news media coalition’s request for public access to records of court-ordered community service by one of the rioters who stormed the U.S. Capitol last year.

Lawmakers and regional representatives have failed again to find consensus on a new Italian president.

European Union regulators have approved Facebook parent Meta’s purchase of customer service startup Kustomer, after the social network made concessions to ease concerns the deal wouldn’t squeeze out rivals.

Fewer Americans applied for unemployment benefits last week following three straight increases economists blamed on the surge in cases of the omicron variant of COVID-19.

The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating coronavirus recession.

President Joe Biden says 14.5 million Americans got private health insurance for this year under the Obama-era health law, thanks to help from his administration.

The United States and NATO have made no concessions to the main Russian demands to resolve the crisis over Ukraine.

McDonald’s ended 2021 on a high note, with U.S. customers spending more and fewer restaurant closures in Europe.

Thanks to strong passenger traffic over the winter holidays, Southwest Airlines is reporting a $68 million profit for the fourth quarter.

Tata Sons, India’s oldest and largest conglomerate, has regained ownership of the country’s debt-laden national carrier Air India.

Cyprus’ energy minister says the European Union has earmarked 657 million euros ($736 million) for the construction of a 2,000-megawatt undersea electricity cable linking the power grids of Israel, Cyprus and Greece.

Transportation Secretary Pete Buttigieg is pledging to tackle a rising U.S. epidemic of car fatalities.

The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years.

Deutsche Bank says it reaped its best annual profit in 10 years last year.

Australia’s Woodside Petroleum says it is withdrawing from projects in strife-torn Myanmar, following a similar decision by Total and Chevron.

End of work-from-home guidance a boost for hospitality, while nightclubs welcome scrapping of covid passes.

How the football sticker maker survived a thieving tycoon and competition from Lycra-clad wrestlers.

Paytm validates a model of digitization in which losing on individual-transaction take rates is more than made up by gains from handling billions of them.

Paytm validates a model of digitization in which losing on individual-transaction take rates is more than made up by gains from handling billions of them.

As Sir Keir prepares for his first in-person conference as leader, we look at the promises he has made.

The deal will see founder Charlie Mullins offload his 90% stake in the group.

Activist investor Jana Partners could look for different routes to improve Vonage’s value.

Iain Anderson says he will work to "build a bridge" between the government and LGBT community.

His wife’s children and grandchildren don’t follow the rules of the ranch.

Pedestrian didn’t intend to interject, but “advice” was almost involuntary.

Ex-husband reveals that he had a son with another woman. Should reader tell her sons?

SPONSORED: Mindfulness is at the heart of Pharm Table, not only in how food is cooked, but in the kind of businesses it supports.

Small e-commerce entrepreneurs have thrived in lockdown - now big money wants to buy them out.

The star says she had a "psychotic break" after being attacked by a male record producer.

Since no official business can be conducted by the House until a speaker is elected, a lengthy balloting process could ensue while pressing matters such as the state budget and pandemic recovery are held in abeyance. Madigan, some Democrats contend privately, is counting at the very least on attrition to eventually return him as speaker as issues mount.

“I don’t want to see anyone go out of business,” he said. “That was never the intent. But I would rather see them go out of business than see them sell dogs unethically and defraud the public.”

In the first quarter of 2020, the total amount spent on lobbying, about $938 million, reached the highest on record, according to the Center for Responsive Politics. The health sector, which spent $168 million on lobbying efforts, received $150 billion in coronavirus relief aid, according to Advisory Board. The airline industry, which spent $29 million on lobbying, received $32 billion in relief aid, according to the Peter G. Peterson Foundation, and agribusiness, which spent $38 million, received $19 billion in aid, CRP said. The lobbying industry is arguably the U.S. government's oldest profession and is protected by the First Amendment. The misconception about lobbyists is that "we walk around with bags of money and say, 'Vote our way' or 'Oppose this.'

South Africa has backlog of nearly 100,000 unprocessed tests. ___JOHANNESBURG South Africa says it has a backlog of nearly 100,000 unprocessed tests for the new coronavirus. The ministry says one of the latest people to die in South Africa was an employee with the National Health Laboratory Services. Indonesia had recorded more than 24,500 COVID-19 cases as of Thursday with nearly 1,500 deaths, the most fatalities in Southeast Asia. Thailand has had just single-digit increases in the number of confirmed COVID-19 cases for most of May.

WASHINGTON Twitter has added a warning to one of President Donald J. Trump's tweets about protests in Minneapolis, saying it violated the platform's rules about glorifying violence.Trump, a prolific Twitter user, has been at war with the company since earlier this week, when it applied fact checks to two of his tweets about mail-in ballots. Trump added at the end of his tweet, Any difficulty and we will assume control but, when the looting starts, the shooting starts.Twitter did not remove the tweet, saying it had determined it might be in the public interest to have it remain accessible. It does that only for tweets by elected and government officials. A user looking at Trump's timeline would have to click to see the original tweet. On Thursday, Trump targeted Twitter and other social media companies by signing an executive order challenging the lawsuit protections that have served as a bedrock for online free speech.

Hotels, airlines, travel agents, tour operators, restaurants, local guides and car rentals saw income evaporate as lockdowns came into force. The dearth of tourists is particularly painful for some of the countries whose citizens and health care systems have suffered the most during the pandemic. Normally crowded travel hot spots such as Rome, Paris, Venice and Barcelona have at times appeared deserted in recent months. German Foreign Minister Heiko Maas has indicated that if conditions are right, he would soon like to remove 31 European countries from a travel warning issued in March. But with the risk of a second coronavirus wave and sudden lockdowns looming, Rascher said travelers might want to limit their horizons.

Civil protection workers move boxes of ventilators at the customs post in the Bosnia capital Sarajevo, Thursday, April 30, 2020. (AP Photo)SARAJEVO Bosnian authorities have detained two high-ranking state officials and the owner of a private company which imported 100 ventilators from China that were found to be useless for COVID-19 patients. The three are being investigated for money laundering, fraud, embezzlement of state funds and other crimes, the prosecutors were quoted as saying. The company owner has rejected accusations that he imported the ventilators at highly inflated prices. Bosnia, which went through a bloody civil war in the 1990s, is composed of the Muslim-Croat federation and a Serb entity.

Its an insult to every business in this community that has been struggling," said Picente, a Republican. Any day after is frustrating.As New York tries to get its economy going again, Gov. Andrew Cuomo, a Democrat, has divided the state into 10 regions that can start to reopen businesses in phases. The governors executive orders leave it up to his administration to decide when a region has met the states standards for lifting restrictions. Last week, Cuomo announced the hiring of two experts to analyze the data and consult on reopening decisions.

BRUSSELS The EU competition chief said Friday that she is not creating extra hurdles" for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions. Margrethe Vestager said that EU rules require bailouts to include measures that would maintain a level playing field. We very often have a discussion about slots when it comes to airlines and competition," Vestager said. Vestager said the EU wants to find a solution in the Lufthansa case and that the EU Commission remained in close contact with German authorities. The package conditions would also let the government block the possibility of an unwanted takeover.

This microscope image made available by the National Cancer Institute Center for Cancer Research in 2015 shows human colon cancer cells with the nuclei stained red. Carroll jumped at the chance to help test a newer drug taken as a daily pill, AstraZenecas Tagrisso. A big drawback: It and other newer drugs are extremely expensive $150,000 or more a year. PROSTATE CANCERMen with advanced prostate cancer often are treated with medicines to suppress male hormones that can help the cancer grow. After a year, 55% on Keytruda were alive without worsening cancer versus 37% on chemo.

WASHINGTON U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month's spending decline was far worse than the revised 6.9% drop in March, which itself had set a record for the steepest one-month fall in records dating to 1959. The depth of the spending drop is particularly damaging because consumer spending is the primary driver of the economy, accounting for about 70% of economic activity. Friday's report showed sharp declines in consumer spending across the board from durable goods like cars to non-durable items such as clothing and services ranging from doctor visits to haircuts. Spending in regular brick and mortar stores, which makes up the vast majority of consumer spending, is still down 35% from a year ago, according to Chase, after having plummeted 50% at its lowest point.

A passenger waits to check his luggage at Belgrade Nikola Tesla Airport, Serbia, Thursday, May 21, 2020. Serbia's national carrier Air Serbia has resumed commercial flights as the government eased the lockdown against the new coronavirus. An Air Serbia flight from Serbias capital Belgrade was the first to land at the Ljubljana airport on Friday. Traffic relaunch at the airport is set in stages: Lufthansa, Montenegro Airlines and a Polish carrier should return by mid-June, while Swiss Air, Air Brussels, Transavio and British Airways will come next. Authorities in Thailand are relaxing some more restrictions that were imposed two months ago to combat the spread of the coronavirus.

French Digital Affairs junior minister Cedric O demonstrates how to use the French app StopCovid meant to trace the virus' future spread on during an interview with the Associated Press in Paris, Friday, May 29, 2020. . France is the first major democracy to roll out such an app, and many people fear it invades their privacy. It will make France the first major world democracy to roll out such a tracing app. O said the app has been tested for two weeks and the government is confident that the data are protected. The French app uses low-energy Bluetooth signals on mobile phones to trace individuals that people infected with the virus come into close contact with.

The headquarters of French carmaker Renault is pictured in Boulogne-Billancourt, outside Paris, Monday, May 25, 2020. French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession. (AP Photo/Christophe Ena)PARIS Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. The group is also considering adaptation of its production capacities in Russia and announced the halt of Renault-branded oil-powered car activities in China. The French government is its single biggest shareholder with a 15-percent stake, and has been in talks on a 5 billion-euro loan guarantee.

The Fed's Main Street Lending is geared toward medium-sized companies that are too large for the government's small business lending program and too small to sell bonds or stock to the public. Powell noted that the complexity of the program goes far beyond the Fed's usual lending efforts, which typically involve buying bonds. It is far and away the biggest challenge of the 11 facilities we have set up, Powell said. It has also announced 11 separate lending programs that are intended to support borrowing by businesses, banks and households. Still, Powell has previously said the unemployment rate is likely to peak at between 20% and 25% in May or June.

The government continues to ease the lockdown which was set to prevent the spread of the new coronavirus in the country. Duterte made the televised announcement hours after the Department of Health reported a single-day spike of 539 infections, more than 60% of them in the congested capital. The Health Ministry's new figures on Friday show India now has 165,799 cases with 4,706 deaths, which both now exceed China. The figures announced by the Korea Centers for Disease Control and Prevention brought national totals to 11,402 infections and 269 deaths. China on Friday again reported no new daily increase in cases of coronavirus and no new deaths.

The Falcon 9, with the Crew Dragon spacecraft on top of the rocket, is scheduled to liftoff from Launch Pad 39-A Saturday. (AP Photo/David J. Phillip)CAPE CANAVERAL, Fla. SpaceX pressed ahead with its second attempt to launch astronauts for NASA a historic first for a private company but more stormy weather threatened more delays. Elon Musks company came within 17 minutes Wednesday of launching a pair of NASA astronauts for the first time in nearly a decade from the U.S., before the threat of lightning forced a delay. NASA Administrator Jim Bridenstine said managers were debating whether to bump the next launch attempt from Saturday to Sunday to take advantage of a slightly improved forecast at Kennedy Space Center. The Kennedy Space Center Visitor Complex reopened Thursday, after a 2 1/2-month shutdown, and within a few hours, all 4,000 tickets were snapped up for Saturdays launch attempt.

The Food and Drug Administration said late Thursday that several batches of the drug metformin tested positive for unsafe levels of a chemical called N-Nitrosodimethylamine. Metformin tablets are a staple of diabetes care, reducing excess sugar in the blood. People with Type 2 diabetes use metformin alone or with other drugs to help control their blood sugar levels. Patients should continue taking metformin drugs until their doctor can prescribe a replacement, the FDA said in a statement, noting the risks of discontinuing. Drugmaker Apotex Corp. recalled its extended-release metformin distributed in the U.S. earlier this week after the FDA found contamination in one lot.

FILE - In this Oct.23, 2019 file photo, tourists wait to see Leonardo da Vinci's painting Mona Lisa, at the Louvre museum, in Paris. Iconic sites that are among some of France's biggest tourist draws won't reopen when the country lifts most of its coronavirus restrictions next week. Neither the Louvre Museum, the Eiffel Tower nor the Versailles Palace will be reopening next week when France lifts many of its remaining coronavirus lockdown restrictions. None of France's three most iconic tourist sites will reopen when the country lifts most of its remaining coronavirus lockdown restrictions next week. About 20%-30% of the museums rooms might be closed but of course the Mona Lisa will be open," Sacristin said.

Paul Winfree, a former Trump White House director of budget policy, doubted that the holdup on the economic update was on Trump's radar. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, noted that the law requires the White House to update its budget forecast. In 2017, the Trump administration criticized the Obama administration for rosy expectations of growth during the Great Recession more than a decade ago. An updated forecast in the mid-session review could make the Trump White House a similar target for criticism. This is a White House that is in denial about the trajectory of the economy.___Associated Press writers Alexandra Jaffe and Emily Swanson in Washington contributed to this report.

She is one of Californias two elected members of the Republican National Committee, and shes a co-chair of Women for Trump that is part of the presidents reelection campaign. She chaired the city's Republican Party before winning election as vice chair of the state GOP in 2013. The governor's policies and the policies of counties are falling more heavily on Democrats than Republicans because there are more Democrats than Republicans in the state, Dhillon said. Dhillon represented the California Republican Party in a successful challenge last year to a law aimed at requiring Trump to release his tax returns to be on the California ballot. In fact its reinforcing the bad image of the Republican Party," he said of Dhillon's recent lawsuits.

In this May 27, 2020, photo, health care worker Tonya Wilkes adjusts her mask while working at a Lowndes County coronavirus testing site in Hayneville, Ala. (AP Photo/Jay Reeves)HAYNEVILLE, Ala. Sparsely populated Lowndes County, deep in Alabama's old plantation country, has the sad distinction of having both the states highest rate of COVID-19 cases and its worst unemployment rate. Lowndes and nearby poor, mostly black counties in rural Alabama are facing an increase in confirmed infections. I worry about Lowndes County, said Thomas. Dr. Scott Harris, the state health officer, said the state saw its highest number of new cases since the pandemic began in recent days.

Protesters gather in front of a burning fast food restaurant Friday, May 29, 2020, in Minneapolis. Protests over the death of George Floyd, a black man who died in police custody Monday, broke out in Minneapolis for a third straight night. (AP Photo/John Minchillo)MINNEAPOLIS The Minnesota State Patrol on Friday arrested a CNN television crew as they reported on violent protests in Minneapolis following the death of George Floyd, a handcuffed black man who pleaded for air as a white police officer kneeled on his neck. Atlanta-based CNN said that the crew, which included CNN reporter Omar Jimenez, was released later Friday morning. Late Thursday in Minneapolis, cheering protesters torched a police station that the department abandoned as three days of violent protests spread to nearby St. Paul and angry demonstrations flared across the U.S.

BEIJING Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in Chinas electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic. Volkswagen AG said Friday it will buy control of its electric vehicle venture with a Chinese partner in a 1 billion euro ($1.1 billion) deal. The ruling Communist Party scrapped limits on foreign ownership of electric vehicle makers in 2018 to promote industry development. By gaining management control, Volkswagen is paving the way for more electric models and infrastructure, the companys announcement said. GM, Nissan, BMW AG and other automakers also have joint ventures with Chinese partners to develop lower-cost electric models.

Shares fell Friday in Asia after Wall Streets rally petered out amid worries about flaring U.S.-China tensions. Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. U.S. and Chinese officials have been trading harsh rhetoric recently on everything from Hong Kong to the response to the coronavirus outbreak. Chinas National Peoples Congress on Thursday approved a national security law aimed at suppressing secessionist and subversive activity in Hong Kong, overriding any potential opposition by local lawmakers. Its like lighting a match.Hong Kong's Hang Seng index dropped 0.6% to 23,007.15 on Friday, while Japan's Nikkei 225 index fell 0.2% to 21,877.89.

They came in just ahead of that time, said Hus daughter Leah, who also works at the restaurant, the Royal Palace. Their duties will include greeting customers, serving drinks and dishes and returning used glasses and crockery. We will use them to make sure the 1.5 meters (5 feet) we need during the corona crisis sticks, Leah Hu said. We want to give them a normal name," said Leah Hu. They help us with the work we do, said Leah Hu.

The latest job-loss figures from the U.S. Labor Department bring to 41 million the running total of Americans who have filed for unemployment benefits since the coronavirus shutdowns took hold in mid-March. In New Zealand, health authorities have not found any new virus cases for a week. That increased the overall death toll to more than 1,300 and the number of cases to over 64,000. And first-time applications for unemployment benefits have fallen for eight straight weeks, as states gradually let stores, restaurants and other businesses reopen and the auto industry starts up factories again. Worldwide, the virus has infected more than 5.8 million people and killed about 360,000, according to a tally by Johns Hopkins University.

The National Association of Realtors said Thursday that its pending home sales index plunged 21.8% from the prior month to a level of 69, the largest decline registered in data going back to 2001. Pending home sales have fallen 33.8% from a year ago. The index is a barometer of sales over the next two months when the transactions are completed. There are signs that home sales have reached a trough and could rebound. Low mortgage rates have supported buyer demand, such that the government's report of new-home sales showed a slight increase in purchases last month.

Meanwhile, the Public Utilities Commission will vote on the bankruptcy plan. U.S. District Judge William Alsup blasted PG&E for flim flamming him about its newfound commitment to safety in previous hearings. He also raised worries that state power regulators havent done enough to prevent a recalcitrant criminal from causing more death and destruction as the risk of wildfires rises with the summer temperatures. If there ever was a corporation that deserved to go to prison, it is PG&E, Alsup said. But the reforms included in PG&E's plan still might not be enough, acknowledged Clifford Rechtschaffen, one of the the five PUC board members.

WASHINGTON The U.S. government is set to sketch its latest picture Thursday of the layoffs that have left tens of millions of people unemployed but have slowed as states increasingly allow businesses to reopen. Even with companies calling some laid-off employees back to work, millions more likely filed for unemployment benefits last week after nearly 39 million sought aid in the previous nine weeks as the coronavirus paralyzed the economy. The pace of layoffs has declined for seven straight weeks, a sign that the cratering of the job market may have bottomed out. The job cuts reflect an economy that was seized by the worst downturn since the Great Depression after the virus forced the widespread shutdown of businesses. The economy is thought to be shrinking in the April-June quarter at an annual rate approaching 40%.

(AP Photo/Ross D. Franklin, File)CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month. Customers will have to confirm their identity in order to unlock their delivery after the vehicle arrives. Nuro has previously started partnerships to test the delivery of pizzas for Dominos or groceries for Kroger, also in the Houston area. Woonsocket, Rhode Island-based CVS Health Corp. said that for the Houston test, customers can chose the Nuro delivery option when they fill their prescriptions online. Earlier this year, federal regulators gave Nuro temporary approval to run autonomous delivery vehicles on public roads for the first time without human occupants.

Published: May 28, 2020, 8:13 am Updated: May 28, 2020, 9:30 amCVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month. Customers will have to confirm their identity in order to unlock their delivery after the Nuro vehicle arrives. And drugstores like Woonsocket, Rhode Island-based CVS Health Corp. and competitor Walgreens Boots Alliance Inc. have been expanding home delivery services for a few years now. Some hospitals in North Carolina have been testing drone delivery of medical samples and supplies. CVS and UPS announced in late April that they will start delivering prescriptions by drone to a big retirement community in Florida.

The downward revision to first quarter GDP reflected weaker investment by businesses in their inventories which was partially offset by slightly stronger consumer spending. Economists believe the lockdowns that shut wide swaths of the economy and triggered the layoffs of millions of workers will send the GDP sinking at an annual rate of 40% in the current quarter. Many forecasters believe growth will rebound sharply in the July-September quarter with the Congressional Budget Office predicting GDP will rise at an annual rate of 21.5%. The 5% decline followed a 2.1% gain at an annual rate in the fourth quarter of last year. For the first quarter, consumer spending, which accounts for 70% of economic activity, fell at an annual rate of 6.8%.

All Rights Reserved)WASHINGTON U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.2% last month after falling 16.6% in March. Excluding orders for transportation equipment, which can be volatile from month to month, durable goods orders fell 7.4%. A category that tracks business investment orders for nondefense capital goods excluding aircraft decreased 5.8% after falling 1.1% in March. Still, last month's decline in durable goods orders was slightly less than economists had expected.

Igor Loparic prepares packages of aid for people in need for help in Pula, Croatia, Tuesday, May 26, 2020. Enter Igor Loparic, and Our Dream Their Smile -- a charity Loparic established a decade ago, and has refocused to help people living on the Adriatic Sea cope with the pandemic. Many have turned to Loparics group for help with food, other necessities or legal advice. It is important to approach everyone individually and it is important that no one feels bad about getting help." Jetis Bajrami, a community representative and former national boxing team member, says Loparics charity has made a difference.

Health officials warned that the resurgence is getting harder to track and social distancing and other steps need to be taken. India, home to more than 1.3 billion people, reported more than 6,500 new infections Thursday as cases continued to rapidly rise. South Korean health officials warned the resurgence is getting harder to track and social distancing and other steps need to be taken. New Zealand has reported no new cases for six days and has just eight active cases remaining. Early on, President Donald Trump downplayed the severity of the virus, likening it to the flu, and predicted the U.S. wouldnt reach 100,000 deaths.