Super Rich Are A Lot Richer | Hydroxychloroquine Study In Limbo | Corporate First Responders

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Top Take-Aways

The super rich are a whole lot richer than they were two months ago. Twenty-five of the world’s wealthiest people are worth a whopping $255 billion more than when the U.S. stock market hit a mid-pandemic low on March 23. Together they are worth nearly $1.5 trillion.

A WHO study examining hydroxychloroquine
—the controversial anti-malarial drug President Trump says he’s taken to ward off coronavirus—has stopped amid safety concerns. MORE: Novavax, a biotech company focused on developing vaccines, is beginning a phase 1 clinical trial of its Covid-19 vaccine candidate in Australia. 

Just two days before
South Korea planned to reopen lower grades of elementary schools, a 6-year-old student in Seoul tested positive for Covid-19, resulting in school closures and revealing the complicated task to reopen while the virus is still spreading.

Top 10 excuses offered for not wearing masks
despite Covid-19. The mask issue has unmasked some kind of political and cultural war, which should surprise basically no one.

SpaceX will send a NASA crew into orbit
this week, marking a major milestone for Elon Musk and the mission of entrepreneurs to reclaim the galaxy from big government.

Georgetown coach And NY Knicks legend
Patrick Ewing is home after a coronavirus hospitalization. His son confirmed Ewing is “getting better."

In Photos: This is what the coronavirus pandemic looks like from space with a third of the world’s population now under lockdown.

Today's Must-Read

As the pandemic swept through the nation, America’s businesses had to reevaluate their approach to everything from their employees and customers to the greater community. Many shut offices and shifted work online; others overhauled sick leave and dependent care policies; some increased pay or gave bonuses. For at least a time, the paramount concern for most corporations was not just profit and the bottom-line.

Forbes’ new ranking, developed in conjunction with research partner JUST Capital, assesses how well the 100 largest employers among U.S. public companies mobilized to meet the challenges of the coronavirus, in terms of supporting and protecting workers, customers and communities. See the full list here.

“Both the
peril and potential of the moment is encapsulated in the list,” says Ezequiel Minaya, CFO Network editor. “It will be fascinating to see how corporate America is permanently impacted by the public health crisis and the efforts to beat it back.” 

BONUS ESSAY: Capitalism was already under strain before the coronavirus pandemic. “The times demand systemic solutions greater than what we had before: Greater Capitalism,” writes Forbes Chief Content Officer Randall Lane. “If practiced correctly, it will encourage the kind of smart, long-term, accretive actions that create permanent solutions."

Caroline Howard

Caroline Howard

is the director of editorial operations at Forbes

Across Forbes

Forbes Advisor: Stimulus debit cards are landing in mailboxes across the country. Here are 5 things recipients need to know about them.

 
Meet The Nigerian Entrepreneurs Who Just Raised $10 Million To Transform Africa’s Healthcare
 
 
 

UNDER 30

Meet The Nigerian Entrepreneurs Who Just Raised $10 Million To Transform Africa’s Healthcare
 

For decades African hospitals had been operating entirely manually, resulting in a major lack in efficiency, accuracy, or data about the patients they were treating. The situation prompted 2019 Forbes 30 Under 30 honorees Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora to launch Helium Health, a healthcare technology provider working with over 300 hospitals in Africa.

Keep up with the latest news on young innovators and special editions of our venture capital guides. Click here to instantly sign-up for our Under30 newsletter, sent straight to your inbox every Wednesday.

Read The Full Story
 
Naomi Osaka Is The Highest-Paid Female Athlete Ever
 
 
 

VIDEO: SPORTSMONEY

Naomi Osaka Is The Highest-Paid Female Athlete Ever
 

Naomi Osaka was only a year old when Serena Williams won her first grand slam title in 1999. Nineteen years later, Osaka beat Williams at the U.S. Open finals to win her first grand slam. Now the 22-year-old ace has beaten her legendary rival once again, this time for bragging rights as the highest-paid female athlete in the world.

Watch
 
 
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Bill Gates’ Recommendations | Nature’s Recovery | Drones To The Rescue

Saturday, May 23, 2020

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Plus: Miss betting on sports? Try Russian table tennis instead. Forbes | Under 30 The saga over President Trump's mask usage continues. When it was reported yesterday that he refused to wear a mask

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