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In San Francisco, state officials and some online retail sites are attempting to crack down on the now-illegal practice of raising by more than 10% the pre-emergency price of highly sought items such as food, cleaning supplies and, of course, toilet paper. Alex Bastian, a spokesman for San Francisco District Attorney Chesa Boudin, said the office has developed a price-gouging task force because of the coronavirus outbreak.

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Earlier this month, Israel Carreras and his boyfriend, Franco, attended the Winter Party Festival in Miami along the shores of Nikki Beach, South Beach and others between the dates of March 4 and March 10. Israel developed COVID19 symptoms after a few days and died in Miami-area hospital on Friday night. At least 9 other people, so far, who attended Winter Party Festival have reportedly contracted COVID-19 as well.

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"In such an environment the risk and the extent of damage will vary greatly within segments of the economy and sectors of the markets causing us to suspend our target at this time," John Stoltzfus, chief investment strategist of Oppenheimer Asset Management, wrote in a March 23 note as he suspended all targets related to US financial markets

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As originally reported by The Detroit Free Press, the annual auto expo has been nixed because the Federal Emergency Management Administration (FEMA) has designated its host venue, the TCF Center, as a coronavirus field hospital site. The Detroit Auto Show is just the latest in a long string of car-related races and gatherings that have been canceled or postponed due to fallout from the coronavirus crisis.

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An experimental coronavirus treatment that was halted a week ago due to "overwhelming" demand is once again available to doctors under an expanded access program. On Saturday, Gilead Sciences CEO Daniel O’Day announced in an open letter that his company was once again making remdesivir available outside of the six ongoing clinical trials investigating whether it is effective as a treatment for COVID-19

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Millions of American workers have lost their jobs because of measures taken to stem the spread of the coronavirus pandemic, state labor departments have been overwhelmed with unemployment claims. The New York State Labor Department of Labor said that initial unemployment insurance claims last week surged 520 percent more than 80,500 when compared with the same period last year

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Caught in the Saudi-Russian oil price war, Africa’s largest oil producer, Nigeria, has discounted deeply its crude and aims to pump as much as it can, trying to retain customers in the unprecedented demand plunge. Even at the steepest discount in decades, Nigeria may be unable to sell all its April cargoes, traders told Bloomberg this week, as oil demand plunges and other oil producers are also offering crude discounts

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"As a small brewer, we've been struggling for a bit," said Dan Watson, co-owner of Cleophus Quealy Beer Company in San Leandro, California. Brewers desperate to find ways of selling the beer that's sitting in tanks have flooded craft beer delivery site Tavour with calls, texts, and emails, said Meghan Packard, vice president of the Seattle-area operation

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Most Instacart shoppers, who fulfill customers’ orders and deliver them to their homes, are independent contractors, or gig workers.The company this week said it wants to hire 300,000 more shoppers over the next three months to meet rising demand during the pandemic, including 15,000 in Illinois, more than doubling its current workforce. Order volume grew more than 150% last week, the company said.

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Federal Housing Finance Agency Director Mark Calabria, who regulates Fannie Mae and Freddie Mac, the two government-sponsored mortgage giants that prop up about half of the nation’s $11 trillion market, said this week in a Bloomberg TV interview that he was confident that large banks would continue to extend credit to mortgage servicers for the time being but the mortgage system is vulnerable

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The government will be providing aid to the airline industry, but United Airlines is already saying that this won’t be enough. United Airlines already says aid isn’t enough. Based on United’s perspective, this government relief package won’t actually help the airline recover, but rather will allow them to simply push off layoffs until October 2020

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The new coronavirus stimulus bill lets people make early withdrawals from retirement accounts without paying the typical 10% penalty. Normally, if you want to pull the money out of a 401(k), 403(b) or other retirement accounts before the age of 59 and a half, you'll pay an additional 10% penalty.

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The coronavirus stock market crash resumed some new selling Friday after a historic three-day run for the Dow Jones Industrial Average. Thursday's bullish gains for the Dow Jones and other major stock indexes came amid continued optimism that the newly passed $2 trillion coronavirus stimulus bill will provide much-needed support for a U.S. economy that needs a lot of help right now.

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Start-Ups in China are experiencing a lack of funding due to this COVID-19. Venture Capitalist firms are not ready to invest in any business because of the Global Financial uncertainty. Startups contribute a lot in terms of employment creation, Increase in the Foreign Direct Investment and helps countries make the economy stronger. Due to this Global Issue Startups are suffering

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The Cheesecake Factory has told its landlords across the US that they will be unable to pay rent on April 1st due to the coronavirus crisis. Most of the restaurant's properties are still open for takeout and delivery although it has had to close 2 due to the virus. It is unclear how the landlords responded.

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According to an internal Tesla email, two of the company's employees have tested positive for the coronavirus. The employees had already been working from home for the last two weeks but their coworkers have still been notified just in case. They did not show any symptoms at the office and the company claims they took numerous precautions so there was a low risk of spread.

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Singapore today became the first country in the world to report its economic growth data for the period during which the coronavirus outbreak became a pandemic, with data showing the country's GDP fell 10.6 percent from the last quarter. The International Monetary Fund has announced that the global economy could be headed for a recession both deeper and longer than the 2008 financial crisis.

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Billionaire inventor Sir James Dyson's company, Dyson, has designed a new portable ventilator called Covent in 10 days at the request of UK Prime Minister Boris Johnson and has already received an order of 10,000 units from the British government to help emergency staff respond more effectively to coronavirus patients. Dyson's design now awaits regulatory approval before manufacturing can begin.

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Weekly US jobless claims reached a record high of 3.28 million today after many US states imposed lockdown. The numbers reflect the economic impact of the Coronavirus. The pace of layoffs in the country is accelerating as the revenue has collapsed at restaurants, hotels, movie theaters, gyms, airlines, and the Auto industry. Last week only 282,000 citizens applied for the unemployment, this huge spike shows the magnitude of COVID19 outbreak

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People are getting more affiliated with their mobile devices. So Marketers need to find ways to stay a step ahead of consumer needs. Consumers have immense options nowadays because they do have a lot of exposure due to this prevailing technology. The attention span of the consumer is getting lesser day by day and businesses need to play with data to capture this.

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Like many other Businesses, Event Management Industry depends upon different stakeholders for the execution of the events but due to the spread of COVID19, companies are not allowing their employees to travel and to take part in such conferences. The major commercial markets for these conferences are the US and Europe and they both are badly affected. Due to all this, the industry is bearing heavy losses.

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Key Players in developing a commercial conference are
Speaker Sourcing Department (Responsible for creating themes and agendas)
Delegate Sourcing Department (Responsible for booking buyer companies)
Sponsor Sourcing Department (The sales team responsible for selling exhibition and the presentation packages to the solution providers)
Operations Dept (Front Line department responsible for the execution of all actions)

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The UK-based fitness and sporting equipment chain Sports Direct, owned by Mike Ashley's Frasers Group which also owns Evans Cycles, had instructed all its employees to remain at work despite a government-mandated shutdown of all non-essential businesses, claiming its fitness equipment qualified as an essential service. After widespread outrage on social media and a tweet to UK PM Boris Johnson, Sports Direct has finally closed all its stores.

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Vehicle manufacturer, Fiat Chrysler, has announced that it will be producing 1 million face masks every month in order to assist in the fight against the coronavirus. These masks will be donated to those working in emergency services such as the police and healthcare workers. Other companies have begun work on making ventilators.

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American fast-food giant McDonald's and South African restaurant chain Nando’s announced that they will be shutting down all restaurants across the UK and Ireland by Monday evening to protect employees and customers from COVID19 outbreak. Mcdonald’s already removed the seating areas and was only serving food through takeaway but now they will shut down completely after Boris Johnson hinted a complete lockdown in the UK

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