COVID-19FinancialRegulatory
Coronavirus Live Updates: Many Business Owners and Landlords Are Facing Off Amid the Economic Crisis
June 5, 2020
Research suggests that some students in the U.S. will lose months or more of academic progress. The pandemic has resurrected the likelihood of a no-deal Brexit. U.S. unemployment fell to 13.3 percent.
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The World Health Organization endorsed the use of face masks by the public to reduce transmission of the coronavirus, a reversal many critics said was long overdue.
Here’s what you need to know:
- Companies are trying to renegotiate their office and retail leases — and in some cases refusing to pay.
- The U.S. unemployment rate fell unexpectedly, but tens of millions remain out of work.
- Racial and socioeconomic achievement gaps among U.S. students will most likely widen.
- N.Y.C.’s mayor says the police need to wear masks at the protests.
- Mexico is slowly reopening, but some worry that it’s still too fast.
- The pandemic is making a no-deal Brexit more likely.
- The federal government undercounted the number of virus deaths in U.S. nursing homes.