Pompeo Doubles Down On China | COVID-19 Billionaires | Warren Buffett’s Mistake

Plus: 'Murder Hornets’ Are Here. Now What?

Know Now

• Staggered Start Times And More WFH: U.K. Government Drafts Plans For Back To Work

• Pompeo Doubles Down On ‘Enormous Evidence’ Linking Wuhan Lab To COVID-19 Outbreak

• Entire Stockpile Of Coronavirus Treatment Remdesivir Donated To Government 

• Trump Says He’s Been Treated ‘Worse’ Than Lincoln

Top Take-Aways

Checking in on Buffett: Amid coronavirus lockdown, Buffett sells airline stocks: “I made a mistake.” He’s also making one optimistic bet that you can make too: “We'll come out better on the other end.”

FDA has granted emergency authorization to Roche’s antibody tests. The pharma company said it can churn out over 100 million kits by the end of this year.

The Emergency Money for the People Act, a bill to provide $2,000 monthly payments to individuals 16 and older and making less than $130,000 annually is gaining steam with new congressional supporters. Over 30 million have sought unemployment aid in the last six weeks.

Is this the future of airport security? As part of a worldwide concern about the safety of traveling, Hong Kong International Airport is conducting a trial of procedures and facilities to eliminate viruses and bacteria on individuals and airport surfaces.

In yet another blow to university enrollment and income, the Trump administration is looking to impose new restrictions on overseas students who want to work in the U.S. after graduation. MORE: One in five students are reconsidering college plans over concerns of the pandemic.

Nike has always been Michael Jordan’s biggest backer, paying him an estimated $1.3 billion since 1984. It is the richest athlete endorsement deal ever—but Jordan arguably helped transform the former upstart into one of the world’s most recognizable, valuable brands.

When news broke over the weekend that “murder hornets” have been spotted in the U.S. for the first time, it caused quite a buzz. Before you start equating the threat with the COVID-19 coronavirus, don’t. They’re not even comparable.

Today's Must-Read

After the World Health Organization declared COVID-19 a global pandemic on March 11, stock markets collapsed around the globe and the Dow recorded its worst sell-off since 1987. While markets have rebounded somewhat, one group of companies never got hit and have instead steadily risen: publicly traded healthcare outfits working on vaccines, treatments and testing kits.

Shares of these companies, which are striving to defeat the virus, have seen a remarkable surge in the past seven weeks—creating at least one new billionaire and boosting the fortunes of at least nine more in the three-comma-club.

The most notable winner is new billionaire Stéphane Bancel, the CEO of Cambridge, MA-based Moderna, which was the first company to begin human trials of a COVID-19 vaccine on March 16 in Seattle. “When I saw that Bancel had become a billionaire on April 2, I started wondering if other healthcare billionaires were also gaining in the stock market,” says Wealth Reporter Giacomo Tognini.

All told, even after markets dropped again last Friday, these 10 healthcare billionaires have gotten $7 billion richer since the WHO declared a pandemic. Says Tognini, “That sets them apart from their fellow billionaires and from most investors.”

Across Forbes

Forbes Advisor: More details are available about seniors’ COVID-19 stimulus checks: deadlines for claiming dependents and yes, the IRS will pay onto Direct Express cards.