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COVID-19

Reuters | Equities.com |

Uber Technologies Inc, PayPal Holdings Inc and Walgreens Inc on Monday said they launched an $11 million fund to provide free ride-hail trips to U.S. COVID-19 vaccination sites for people who lack access to transportation.

The Vaccine Access Fund will be managed by U.S. non-profit Local Initiatives Support Corporation, which will identify communities that need free rides as well as local partners to help with the program, the companies added.


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Duke University will require all new and returning students to present proof of vaccination to student health officials before they can enroll for the fall semester, the school’s president said Friday.

A statement from Duke President Vincent Price says the policy will cover all undergraduate, graduate, and professional students in all degree programs who intend to be on the Duke campus for any period of time starting with the fall semester.


Kimberly Redmond | Equities.com |

Major UK-based passenger airlines are blasting the UK’s "traffic signal" plan to restart international travel, saying onerous testing and quarantine requirements will deter people from flying and further hurt an already struggling industry.

Under the system announced Friday by Transport Secretary Grant Shapps, destinations around the world would be color coded based on their COVID-19 risk level.


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Ambulances filled with breathless patients lined up in Brazil as nations around the world set new records Thursday for COVID-19 deaths and new coronavirus infections. The disease surged even in some countries that have kept the virus in check.

In the United States, Detroit leaders began making a plan to knock on every door to persuade people to get vaccine shots.


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The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday.

But he cautioned that not all will immediately benefit.


Reuters | Equities.com |

Southwest Airlines said on Thursday it is recalling over 2,700 flight attendants from leave to support its summer schedule, ending a voluntary furlough program introduced during the coronavirus pandemic as travel demand waned.

As more Americans become vaccinated, Southwest is among U.S. airlines signaling a recovery and trying to prepare for pent-up demand for domestic leisure travel.


Kimberly Redmond | Equities.com |

Apple Inc (Nasdaq: AAPL) has postponed production of some MacBooks and iPads as the global semiconductor shortage continues, Nikkei Asia reported on Thursday.

According to the report, MacBook production is being hit by a lack of chips that are mounted on the computer’s circuit board, while the iPad is being slowed by issues in the supply chain for display components.


AP News | Equities.com |

The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the economy.

The Labor Department said Thursday that applications increased by 16,000 from 728,000 a week earlier. Jobless claims have declined sharply since the virus slammed into the economy in March of last year. But they remain stubbornly high by historical standards: Before the pandemic erupted, weekly applications typically remained below 220,000 a week.


Reuters | Equities.com |

Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on COVID-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat estimates for quarterly results on a pandemic-led e-commerce boost.

Shares in the company rose 5% in extended trading, as it also raised its quarterly dividend to 6 cents per share from 4 cents.


Reuters | Equities.com |

U.S. grocery delivery app Instacart Inc and food delivery firm DoorDash Inc are planning to launch their own credit cards, The Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Both companies have witnessed a surge in order volumes over the last few months as consumers, hesitant to step out during the COVID-19 pandemic, take to their phones to get essential items delivered to their doorsteps.