Photo: Mel Melcon/Los Angeles Times via Getty Images

U.S. grocery chain Albertsons is finally going public after shelving its initial IPO plans five years ago amid market jitters.

Why it matters: Albertsons is one of the companies to see a boom in business during the current coronavirus pandemic. The offering would give it a valuation of more than $10 billion if its stock prices at the midpoint of its $18-to-$20.

  • The company won't receive any of the proceeds — instead, common stockholders including PE firm Cerberus will get to sell their stakes.

The bottom line: "After suffering through a deep freeze for most of the year amid the coronavirus pandemic, the IPO market has heated up in recent weeks, powered by strong debuts from Warner Music Group and ZoomInfo Technologies. Albertsons, which made its IPO plans public in March, is one of the most notable IPOs on tap for 2020," writes the Wall Street Journal.

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A shock to the job market as massive and as sustained as the coronavirus will leave lasting change — and damage — in its wake.

The big picture: We jumped from the best labor market in 60 years, before the coronavirus, to the worst, in April. As the country comes back, millions of jobs lost during the pandemic will never come back, and there will be massive reallocations of jobs from some parts of the economy to others.

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Why it matters: The new fund will help Amazon and other companies meet the "climate pledge" that Amazon announced last year to reach net-zero emissions by 2040.

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U.S. macroeconomic data is broadly improving but many small businesses are facing a perilous recovery as they attempt to stay afloat after coronavirus-driven lockdowns throughout the country. That's true even for the many that received government assistance.

By the numbers: A recent poll of 7,317 small business owners by Alignable finds that 43% of firms that received money through the Paycheck Protection Program (PPP) say they could be out of cash in a month or less.