The Panama Canal is delaying a planned fee hike by six weeks.
Logistics conditions remain strained, with trucking demand exceeding availability and continued congestion at ports due in part to operating challenges related to the pandemic. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
The seven-day average for new U.S. COVID-19 cases is up 7% week over week, despite many states nearing a 50% vaccination rate. The U.S.’s top infectious disease expert called the nation’s situation “precarious.”
The U.S. reported 79,000 COVID-19 cases Friday, 52,373 cases Saturday and 42,018 yesterday.
Hawaii, Massachusetts, New Jersey, Oregon, Rhode Island and Vermont expanded vaccine eligibility today, fulfilling the White House’s pledge to make vaccines available to all adult citizens by April 19.
After leading the U.S. in daily COVID-19 infections for weeks, Michigan’s governor says that the state’s active infection rate could be beginning to slow down.
New research shows that people who have already been infected with COVID-19 may need only one dose of a two-dose vaccine to be immunized against the virus.
Johnson & Johnson’s own researchers found insufficient evidence linking its COVID-19 vaccine to an extremely rare blood clotting condition that prompted U.S. officials to halt the shot’s rollout. The one-shot vaccine could return to use in the U.S. by Friday.
Florida hospitals notched a nearly 50% decline in COVID-19 admissions for people aged 70 or older, an indication of the vaccine campaign’s early success.
The White House is sending $1.7 billion to states to improve the detection and mitigation of virulent COVID-19 mutations that threaten to hinder the country’s quickening vaccination campaign.
U.S. industrial production jumped by 1.4% in March, a lower-than-expected gain after a 2.6% decline the previous month.
U.S. stocks ended the week with fresh all-time records after several days of gains, a result of increased optimism over the nation’s economic rebound.
The 0.6% increase in U.S. jobs last month was spread throughout the country, with payrolls increasing in 49 states led by California, Texas and New York.
U.S. consumer sentiment continued to rise in early April, coming in at 86.5 compared to 84.9 in March, with consumer spending at restaurants, hotels and salons picking up speed.
The economic recovery has so far bypassed many small businesses, with revenues from the small business sector down 20% due to business closures and the asymmetrical rebound.
Boeing’s embattled 737 MAX jet is facing new scrutiny after the company warned airlines that the electrical problem that prompted the jet’s original grounding affects more areas of the aircraft than previously known.
General Motors is partnering with LG Chem to invest more than $2.3 billion for a second U.S. battery cell plant in Tennessee, a significant boost for the company’s emerging electric vehicle lineup.
Global COVID-19 infections hit a record 5.2 million last week.
Global COVID-19 deaths topped 3 million over the weekend, with the latest 1 million deaths coming faster than the first two and Europe comprising more than 1 million of the fatalities.
Canada’s seven-day average of COVID-19 cases has tripled in a month, with more than half of new infections arising in Ontario where new restrictions went into effect. Police in the province are refusing to follow through with a recent rule allowing them to conduct random vehicle or individual stops to help impose the stay-at-home order. Canada is sending additional emergency aid to the province to contain the recent case surge.
India recorded a new high of more than 261,000 COVID-19 cases on Sunday as several cities imposed strict new lockdowns. India’s capital New Delhi, where 1 in every 3 people tested positive for the virus, faces an acute shortage of hospital beds. The nation is struggling to detect the presence of highly infectious virus strains due to its large population.
COVID-19 vaccinations have slowed to a trickle in many developing nations, with the COVAX collaboration on pace to distribute only 145 million doses by the end of May, versus a goal of 240 million, as India and other countries commandeer doses for their own use. The pandemic is expected to cause long-lasting consequences to the global economy, many of them an effect of widening inequality.
French automaker Renault laid plans to step up its recycling and repair capacity, with the aim of generating more than $1.2 billion in sales from a “circular economy” factory outside Paris.
In a rare bout of cooperation, U.S. and Chinese officials agreed for the two countries to work together on setting new emissions goals to tackle climate change.
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