Office Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce
) said it saw encouraging early data from the human safety trial of a potential Covid-19, which was green-lit by the Food and Drug Administration at the start of the month.
The company'sMeanwhile, Federal Reserve Chairman Jerome Powell said both the central bank, as well as Congress, might have to do more to get the US economy through the coronavirus recessionStill, Powell was confident about the eventual recovery of the economy:"But I would just say this. In the long run, and even in the medium run, you wouldn't want to bet against the American economy.
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