President Trump said at a roundtable Monday that he's been taking the antimalarial drug hydroxychloroquine and a zinc supplement for "about a week and a half" as a preventative measure against the coronavirus.
Why it matters: The FDA issued a warning last month that the unproven drug should only be taken in hospitals because of the risk of heart complications. There's no substantiated evidence that taking hydroxychloroquine prevents COVID-19 infections.
A county judge in Oregon on Monday tossed out Gov. Kate Brown's stay-at-home executive order because it was not approved by the legislature within 28 days.
The big picture: Baker County Circuit Judge Matthew Shirtcliff agreed with a group of churches who brought the lawsuit, arguing that Brown couldn't keep coronavirus restrictions in place for more than a month without the legislature's approval. She first issued the order on March 23.
Uber CEO Dara Khosrowshahi said Monday in an email to employees that the company is cutting about 3,000 more jobs and closing or consolidating 45 offices to soften the economic blow from the coronavirus pandemic, the Wall Street Journal reports.
Why it matters: Khosrowshahi's announcement comes just two weeks after the company said it would ax about 3,700 jobs and save more than $1 billion in fixed costs. Much of Uber's ride-hailing business has vanished as people stay indoors, even as the company's food delivery sector has seen a boom.
Healthy patients who received the first doses of Moderna's coronavirus vaccine appeared to have generated antibody responses to the virus, according to early phase one trial data released by the company Monday.
The big picture: This is an early snapshot of a small sample size within a trial that is focused on the vaccine's safety. This is a positive first step, but still a first step.
A coalition of tech companies has signed a pledge to find ways to support working parents at their firms through the coronavirus crisis, thereby setting examples for other employers.
Why it matters: Many parents face the taxing challenge of having to homeschool their kids while also working from home during the pandemic.
Website builder Wix saw its stock price jump by nearly 7% on Friday after reporting strong earnings, showing that the coronavirus pandemic is increasing demand for its products.
Why it matters: The earnings report shows you can add website building tools to the list of sectors that are seeing benefits from the virus and could indicate a new area of long-term growth.
The less-followed U.S. jobs report, the Job Openings and Labor Turnover Survey, released Friday showed there were more than 11 million layoffs in March, a record high.
Why it matters: March's nonfarm payrolls report found just 881,000 jobs lost, so the JOLTS report showed the damage that came in the second half of the month as a result of the coronavirus pandemic.
Ahead of his testimony before the Senate Banking Committee on Tuesday, Fed Chair Jerome Powell previewed what Americans can expect in the coming months from policymakers: a whole lot more.
What it means: Powell has been adamant that the Fed has not run out of ammunition, even after adding more than $2.5 trillion to the central bank's balance sheet — more than half its pre-2020 total — in just the past two months.
The economic disruption caused by the coronavirus pandemic could help create a much stronger push to let some older Americans buy into Medicare.
By the numbers: 2.4 million adults between the ages of 55 and 64 lost their jobs just since March, bringing the unemployment rate in this group to 12.5% — up from 3.4% in March.
