(Bloomberg) -- Michael Burry, the doctor-turned-investor who famously bet against mortgage securities before the 2008 financial crisis, has taken to Twitter with a controversial message: lockdowns intended to contain the coronavirus pandemic are worse than the disease itself.Government-directed shutdowns
During a private conference call with Democrats on Monday, House Speaker Nancy Pelosi (D-Calif.) said at least $1 trillion will be needed for the next coronavirus relief package.Last month, Congress passed a $2.2 trillion stimulus package, and Pelosi said the next bill will build onto that, people on the call told Bloomberg News. Pelosi said there will have to be more direct payments to individuals, extended unemployment insurance, and additional funding for food stamps and the Payroll Protection Plan, which provides small business loans.One lawmaker told Bloomberg News Pelosi also said the bill should help state and local governments, particularly in areas with no more than 500,000...
India over the weekend banned all exports of the drug used to treat lupus, arthritis, and malaria as Trump touts its unproven effects on COVID-19.
(Bloomberg) -- Repsol SA is the latest oil major to head to Europe's debt market for fresh financing, with other large borrowers piling in as measures of credit stress ease for the first time in four days.Eight issuers including Sanofi and LafargeHolcim Ltd will raise at least 6.5 billion euros ($7 billion