Trump’s Disinfectant And Light Cure | Next Up For Stimulus | More Billionaire COVID-19 Giving

Know Now

Top Take-Aways

The president spent much of the Thursday White House briefing contradicting his health experts and bashing the media, particularly around his suggestion to inject COVID-19 coronavirus patients with light or disinfectants. President Trump: “I’m not a doctor.”

About 14% of people surveyed in New York
tested positive for COVID-19 antibodies—a whopping 10x higher than the state’s presumed infection rate. It’s still far from what would be considered “herd immunity,” or when over 60% of the population is immune to a disease.

Public companies are rushing to repay Paycheck Protection Program loans after government warnings about
abusing emergency financing for small businesses. Ruth’s Chris Steak House, Shake Shack and Kura Sushi, among others, have all moved to pay back the loans.

White House wins. Environmentalists win. One Supreme Court ruling makes it easier for the government to deport lawful permanent residents with criminal records. A separate SCOTUS opinion closes a loophole in the Clean Water Act.

Brett Favre was 35 when the
Green Bay Packers drafted Aaron Rodgers to be his successor on April 23, 2005. Fast forward to now and the Packers just drafted a likely successor for the 36-year-old quarterback—Jordan Love of Utah State.

Only 18% of
couples in quarantine are satisfied with their stay-at-home communication. When to have sex is the most common conflict for couples co-isolating.

Today's Must-Read

As the coronavirus pandemic has reached nearly every corner of the world, some of the planet’s wealthiest are helping the global effort to combat the COVID-19 outbreak. Forbes is tracking how the world’s billionaires are responding to the COVID-19 pandemic. Here are this week’s updates:

Michael Bloomberg has committed at least $74.5 million
to COVID-19 efforts, including a $40 million initiative to curb the spread of COVID-19 in developing countries, a $6 million donation to World Central Kitchen to provide about 1 million meals for 30,000 healthcare workers in New York City and an $8 million donation to the WHO Response Fund in support of Global Citizen.

Bloomberg then committed $10.5 million and organizational support to the state of
New York’s COVID-19 tracing program, and donated $10 million to the International Rescue Committee.

The
Los Angeles Times, owned by Patrick Soon-Shiong, announced mid-month that it would furlough business-side employees and cut pay for some managers. The furloughs started this week and will last up to 16 weeks. The Times is also suspending 401(k) matching. Shortly before the announcement, Soon-Shiong bought a closed Los Angeles hospital for $135 million, planning to reopen it to treat coronavirus patients.

Caroline Howard

Caroline Howard

is the director of editorial operations at Forbes

Across Forbes

Forbes Advisor: Revisiting your budget due to COVID-19? Apply zero-based budgeting to your personal finances. This method gives every dollar a job to do.

 
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Here's how to take solace in the stars in one of the best weeks for stargazing of the year.

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Forbes Senior Editor of Healthcare and Science Alex Knapp interviews Dr. Paula Bontempi, Acting Deputy Director, Earth Science Division, NASA about how NASA's research efforts are impacting the environment on Earth.

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