Stimulus talks block on federal funding

According to The hill, federal money for state and local governments has become a major obstacle in negotiations between the White House and Congressional Democrats over the next relief plan to deal with the ramifications of coronavirus disease 2019 (COVID-19 ). Before the talks broke down last week, the two sides were separated by hundreds of billions of dollars in what support states should receive, if any, with Democrats wanting $ 915 billion and Republicans offering just 150 billion. billion dollars, the same amount included in the CARES law at the end of March. .

Kodak’s $ 765 million government loan suspended

After granting a $ 765 million loan to Eastman Kodak Company 2 weeks ago to speed up production of shortage drugs and those essential to treat COVID-19, the US International Development Finance Corporation said the loan is now on hold due ongoing investigations into allegations of wrongdoing. Reported by Bloomberg, controversy surrounding the initial loan, as the company’s disclosures showed Kodak board members bought additional shares ahead of the announcement, with other analysts questioning whether the company could handle that level of large-scale pharmaceutical manufacturing.

WHO says COVID-19 is unaffected by seasonal changes

Although a growing report has indicated that the transmission of COVID-19 will be stifled by the heat and humidity of the summer, experts from the World Health Organization (WHO) said yesterday that the virus does not appear to be not diminish over the seasons. Reported by The hill, COVID-19 cases in states with traditionally hot summers, including Texas and Arizona, are on the rise regardless of the weather. These upward trends in cases have also been seen in states with different climates, such as Hawaii and Illinois.