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Coronavirus shows U.S. too dependent on cheap medical imports, USTR says

U.S. Trade Representative Robert Lighthizer on Monday said the United States would seek to promote more domestic manufacturing of key medical supplies in light of the strategic vulnerabilities laid bare

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Ford, GE to produce 50,000 ventilators in 100 days

Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric’s healthcare unit, and can

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Coronavirus drives U.S. March auto sales off a cliff

U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely

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China factory activity unexpectedly expands, but economy cannot shake off virus shock

Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus

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U.S. airlines must suggest possible compensation for cash grants: Treasury

Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury

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Stocks fall, close out biggest quarterly drop since 2008

Global stock markets fell in volatile trading on Tuesday, and the economic damage from the coronavirus pandemic left the MSCI benchmark of world equities with its biggest quarterly decline since

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Macy’s, Kohl’s, Gap turn to mass furloughs as virus crisis deepens

Major U.S. retailers Macy’s Inc (M.N), Kohl’s Corp (KSS.N) and Gap Inc (GPS.N) said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores

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