1.

Worldwide : 3.25M were infected; 231K have died and 1.01M have recovered.

*Data as per Thursday.

2.

The S&P 500 gained nearly 13% in April, its sharpest rise since 1987, despite the grim news about the economy and coronavirus.

3.

The Federal Reserve will expand loan offerings and qualification rules for its forthcoming $600 billion lending effort designed to reach small and midsize businesses hit by the coronavirus pandemic, the central bank said.

4.

More than 3.8 million Americans filed for jobless benefits last week as states struggle to keep up with a surge in coronavirus-triggered claims.(WSJ)

5.

Tesla CEO Elon Musk went on a Twitter rampage protesting the various lockdowns meant to curb the novel coronavirus’ spread in the US. Musk tweeted “FREE AMERICA NOW” and shared an article critical about lockdowns(Business Insider)

6.

Bollywood actor Rishi Kapoor, famed for his romantic roles, has died of cancer aged 67.

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1.

Worldwide : 3.19M were infected; 227K have died and 972K have recovered.

*Data as per Wednesday.

2.

Acclaimed actor Irrfan Khan passed away on Wednesday in Mumbai’s Kokilaben Dhirubhai Ambani Hospital, after a long battle with cancer. He was 53. The actor’s spokesperson in a statement on Tuesday evening had said he had been admitted to the ICU, following a colon infection. However, the actor’s health deteriorated, and he breathed his last on Wednesday. He was cremated at a burial ground in Versova.

Irrfan was also one of the few Indian stars to seamlessly transition from Bollywood to Hollywood, read one of India’s biggest exports to the West. And his first exposure was British filmmaker Asif Kapadia’s The Warrior (2001). What followed were pivotal roles in big budget Hollywood flicks like Jurassic World, Inferno and The Amazing Spider-Man to successful crossover dramas such as The Namesake, Slumdog Millionaire and Life of Pi.(TOI)

3.

Boeing outlined a survival plan including thousands of job cuts, while General Electric said it was cutting $2 billion in costs to offset falling sales and profits, as its aviation business was hit hard.(WSJ)

4.

The F.D.A. plans to authorize emergency use of a coronavirus treatment. Dr. Anthony Fauci expressed cautious optimism about early trial results.

5.

The Trump administration slammed Amazon.com over intellectual-property rights, putting five of the online retailer’s foreign platforms on a list of “notorious markets” believed to facilitate sales of counterfeit and pirated goods.

6.

Oil price jumps 15% after reports that a key measure of storage demand was 2 million barrels lower than expected. Oil prices rebounded on Wednesday, after reports that a key measure of oil inventories showed lower than expected demand for storage and oil-focused exchange traded-funds appear to have finished selling June futures contracts.(Business Insider)

7.

The Pentagon has officially released three unclassified videos showing encounters of US naval aircraft with “unidentified aerial phenomena” (UAP), or UFOs (unidentified flying object) in popular slang. The videos had already been in circulation in the public domain ever since their unauthorised leaks in 2007 and 2017 — the first leak showing an incident that occurred in 2004 while the second leak showed two incidents that happened in 2015.

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1.

Worldwide : 3.08M were infected; 214K have died and 916K have recovered.

*Data as per Wednesday.

2.

The number of confirmed U.S. cases of the new coronavirus topped one million, with more than 57,000 dead, according to data from Johns Hopkins University.

3.

The UK has rejected Apple and Google’s contact-tracing API, instead launching an app that will take a more centralized approach, according to the BBC. The move is likely to alarm privacy and security experts.

4.

Saudi Arabia on Sunday abolished capital punishment for crimes committed by minors, a day after it abolished flogging as a means of punishment for all but the most severe crimes. The latest decree will spare the life of at least six men from the minority Shia community on the death row, Human Rights Commission told The Guardian.

5.

More than half of U.S. states need to significantly step up their testing before even considering starting to relax their stay-at-home orders, according to a new analysis by Harvard researchers and Stat.

6.

Google parent Alphabet posted a 13% rise in revenue, showing tech’s resilience amid the pandemic and sending shares higher in late trading.

7.

As questions about Kim Jong Un’s health intensify — he hasn’t appeared in state media in two weeks, prompting a flurry of reports suggesting he could be incapacitated — the question of whether sister Kim Yo Jong could take over the reins from him, read becoming North Korea’s first woman leader, has suddenly taken centrestage.(TOI)

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