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President Trump boards Air Force One on July 3. Photo: Saul Loeb/AFP via Getty Images

President Trump signed off on Saturday to give businesses another five weeks to apply for funds through the Paycheck Protection Program.

Why it matters: Roughly $130 billion in PPP funding is still available. The Small Business Administration's inspector general found in May that some rural, minority and women-owned businesses may not have gotten loans due to a lack of prioritization from the agency.

Where it stands: The SBA said that the program had approved over 4.8 million loans as of Tuesday, per the Washington Post — approximating $520 billion.

Go deeper: Senate passes PPP extension through August

Go deeper

Oct 11, 2020 - Health

Ex-FDA chief: Trump "definitely missed the window" to mass produce antibody drug

The Trump administration "definitely missed the window" to mass produce Regeneron Pharmaceuticals' coronavirus antibody drug this year, former FDA commissioner Scott Gottlieb told CBS News' "Face the Nation" on Sunday.

Why it matters: President Trump, who received the antibody cocktail after testing positive for the coronavirus, has hailed the drug as a miraculous "cure" — despite a lack of scientific evidence — and promised to distribute it to every hospital for free.

Oct 11, 2020 - Health

Regeneron CEO: Trump's success with antibody cocktail is not evidence of cure

Leonard Schleifer, the founder and CEO of Regeneron Pharmaceuticals, said on Sunday that President Trump's successful treatment with the company's antibody cocktail is "the weakest evidence you can get" on whether the drug is a cure.

Driving the news: Since leaving Walter Reed Medical Center on Monday, Trump has repeatedly claimed that he is "immune" from COVID-19 and said he views the antibody cocktail as a "cure."

Oct 12, 2020 - World

U.K. PM Boris Johnson to announce 3-tier coronavirus lockdown system

British Prime Minister Boris Johnson leaves Downing Street in London. Photo: Leon Neal/Getty Images

The U.K.'s hospitality industry has begun a legal challenge to prevent new local coronavirus lockdown rules for England being announced Monday from taking effect, per Reuters.

Driving the news: U.K. Prime Minister Boris Johnson chaired a meeting Oct. 7 "to determine the final interventions." He is expected to announce a three-tier alert system to tackle areas where COVID-19 is surging, the BBC notes.