Cafe chain Cosi sues SBA for excluding bankrupt companies from emergency loans

Cafe chain Cosi sues SBA for excluding bankrupt companies from emergency loans

Fast casual restaurant Cosi sued the Small Business Administration on Tuesday, alleging it illegally denied its $3.7 million emergency loan request on grounds that the company is currently undergoing bankruptcy proceedings. The Charlestown, Massachusetts-based flatbread chain filed a lawsuit on Tuesday in the U.S. bankruptcy court for the District of Delaware, arguing that the company […]
Powell to face ‘status check’ on Fed’s emergency actions

Powell to face ‘status check’ on Fed’s emergency actions

The Federal Reserve is scheduled to announce its latest policy decision on Wednesday. But with rates already at near-zero, attention will likely shift to the central bank’s nine liquidity facilities and its ballooning balance sheet. “We do not expect any major policy...
FDA approves emergency use of malaria pill for COVID-19 treatment

FDA approves emergency use of malaria pill for COVID-19 treatment

The Food and Drug Administration approved the anecdotally promising malaria drug for emergency use to treat hospitalized patients for COVID-19. The U.S. Department of Health and Human Services (HHS) has accepted 30 million doses of hydroxychloroquine sulfate donated...