Kaiser is an $84 billion organization. Photo: Smith Collection/Gado/Getty Images

As a result of the spreading coronavirus outbreak, Kaiser Permanente "will be postponing elective or non-urgent surgeries and procedures in all locations," the hospital and health insurance giant said today.

Why it matters: Kaiser is the largest health care organization thus far to delay these types of procedures, many of which are money-makers for hospitals. The widespread delays of nonurgent care indicate the system is bracing for a flood of patients who have contracted COVID-19.

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OPEC's balancing act: increasing output against smaller demand

An off-shore oil platform in California. Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

The Organization of the Petroleum Exporting Countries (OPEC+) coalition is entering the next phase of fraught market-management efforts that have repercussions for the battered U.S. oil industry.

Driving the news: The group yesterday agreed to press ahead with plans to begin increasing output as demand haltingly recovers.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

2 hours ago - Sports

Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.