GM to Make 30,000 Ventilators for National Stockpile

The car maker is making 30,000 ventilators for the national stockpile in a $489.4 million contract with the Department of Health and Human Services, as surging coronavirus cases have tested medical capacities across the U.S.

 
Instagram Draws Surge in Offers of Masks With Potential Risks

Thousands of accounts are hawking medical face masks that could be fraudulent, according to a research report, a sign that Facebook is struggling to prevent users from taking advantage of the pandemic.

 
CFOs Look to Ramp Up Automation Investments Amid Pandemic

Finance chiefs are considering hastening investments in automation initiatives to better manage their companies' finances and operations despite facing revenue declines stemming from the coronavirus pandemic.

 
Some Retail Chains Fight for Survival

With debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.

 
Steak-umm Emerges as Unlikely Coronavirus Misinformation Watchdog

Processed-meat brand Steak-umm has become an unlikely minder of misinformation, using a Twitter thread to caution people about the sources of their coronavirus news.

 
Physician Practice Managers Brace for Impact of Coronavirus Slowdown

Private-equity firms poured billions of dollars into physician practice management companies in recent years. But as the coronavirus pandemic continues, many of those providers face declining patient visits, if not outright closures, putting even more pressure on their often debt-laden balance sheets.

 
Airbnb Paying More Than 10% Interest on $1 Billion Financing

Airbnb Inc. agreed to pay its new investors interest at a rate of more than 10%, and to strengthen its leadership, in return for the $1 billion in additional funding announced Monday, according to people familiar with the matter

 
Twitter's Dorsey Pledges $1 Billion to Charity, Including Coronavirus Relief

The CEO is offering some of his stake in Square to fund charitable causes, starting with relief efforts toward the novel coronavirus pandemic.

 
Amazon to Suspend Delivery Service That Competes With UPS, FedEx

Amazon.com will halt a delivery service for non-Amazon packages, according to people familiar with the matter, as it re-evaluates the nascent offering that competes directly with FedEx and UPS.

 
Truckers Cut Spending as Factory Slowdown Weighs on Operators

Trucking companies that deliver goods to manufacturers are cutting pay, reducing hours for workers and pulling back spending as an initial bump in demand for consumer products gives way to a deepening economic downturn.

(END) Dow Jones Newswires

April 08, 2020 11:00 ET (15:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.