Twitter, stepping up its enforcement of misleading and harmful coronavirus-related claims, required Fox News host Laura Ingraham to delete a tweet from 10 days ago that misrepresented details of an unproven treatment for coronavirus. In the now-deleted tweet from March 20, Ingraham, host of the cable network's "The Ingraham Angle," wrote, "Lenox Hill [Hospital] in […]
- BusinessAmerican City Business Journals
The debut of Lucid Motors Inc.'s first production car, a luxury electric sedan called Air, has been put off until later this year due to uncertainties around the coronavirus pandemic. The Newark-based company headed by former Tesla Inc. chief engineer Peter Rawlinson had planned to unveil the car next week at the New York Auto Show, which was postponed until late August amid travel bans and a mounting COVID-19 outbreak. Manhattan's Javits Center, home of the New York show, is being converted into a 2,000-bed temporary hospital to house coronavirus patients.
Indians cities are breathing easy. Air quality in Delhi, notorious for being the worst in the world, is in “healthy zone” thanks to the nationwide, 21-day lockdown to contain the spread of Covid-19. Other metropolitan and tier-2 cities, too, are witnessing a similar trend.
- U.S.LA Times
The deadly outbreak among members of a choir has stunned health officials, who have concluded that the virus was almost certainly transmitted through the air from one or more people without symptoms.
(Bloomberg) -- Two of the biggest drillers in America’s largest oil-producing state have asked Texas regulators to consider a cut to crude output after a historic price crash.Pioneer Natural Resources Co. and Parsley Energy Inc. asked the three-member Texas Railroad Commission on Monday to call an emergency virtual meeting no later than April 13 and issue an order setting the “reasonable market demand for oil from Texas” for May, according a five-page letter shared with Bloomberg News. Ryan Sitton, one of the commissioners, said earlier on Monday that the regulating body would discuss curbing oil output at its next meeting.“We need dramatic government action, because we know the operators cannot uniformly talk together,” Matt Gallagher, chief executive officer at Austin, Texas-based Parsley, said in an interview. The pair of shale explorers believe a 20% cut to the state’s production would be most helpful for the industry, Gallagher said. Pioneer is led by Scott Sheffield, whose son Bryan is Parsley’s chairman.The request comes less than a week after Sitton surprised the oil market with his own controversial call for state caps on oil output. His proposal for a 10% cut in production was blasted by the American Petroleum Institute, a major industry lobbying group, as a “shortsighted” and “anti-competitive” effort that will “harm U.S. consumers and American businesses.”The crude industry is facing a rare combination of plummeting demand and soaring supplies as Saudi Arabia and Russia battle for market share amid the Covid-19 pandemic. Oil futures have tumbled to the lowest in almost two decades amid the outbreak, which has pummeled the global economy.“Taking this action from a state level I think will help enable discussions at an international level from our federal government,” Gallagher said.Gallagher said he’s most concerned that if the U.S. energy industry drops to complete inactivity for a couple of months, it would hit the oilfield services industry so hard that companies could never recover. The U.S. has already lost its ability to ever produce 13 million barrels a day again, creating the risk that the country will become more reliant on imports, he said.“That ship has sailed,” he said. “If we don’t rebalance the market soon, in two years or so, we’re going to be importing 5 to 7 million barrels a day from foreign sources and be right back to where we started from a geopolitical standpoint.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
As U.S. spy agencies seek to assemble a precise picture of the world's coronavirus outbreaks, they are finding serious gaps in their ability to assess the situation in China, Russia and North Korea, according to five U.S. government sources familiar with the intelligence reporting. The four countries are known by U.S. spy agencies as "hard targets" because of the heavy state controls on information and the difficulty, even in normal times, of collecting intelligence from within their closed leadership circles.
- U.S.ABC News Videos
The head of the Chinese Center for Disease Control and Prevention said it’s a big mistake in the U.S. and Europe “that people aren’t wearing masks” in public.