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Hogan Lovells

Coronavirus: The Hill and the Headlines, March 2021 # 19

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In Washington: President Biden on Thursday doubled to 200 million his administration’s goal for the number of COVID-19 vaccination shots to administer in his first 100 days in office. The U.S. is set to reach Biden’s original...more

Robins Kaplan LLP

Financial Daily Dose 3.16.2021 | Top Story: Purdue Pharma Unveils Post-Bankruptcy Plans, Including $4.7B Payment by Sacklers

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Purdue Pharma has outlined its own plan to remove Sackler family control and restructure the pharmaceutical giant on the other side of bankruptcy—a 300-page effort that amounts to the company’s “formal bid to end thousands of...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, March 2021 # 5

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In Washington: Sen. Joe Manchin (D-WV) continued his 11th-hour standoff on unemployment benefits that ended up holding up the Senate from moving forward with its coronavirus relief package Friday. ...more

Robins Kaplan LLP

Financial Daily Dose 3.8.2021 | Top Story: Senate Passes $1.9 Trillion Covid Relief Bill

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The Senate passed its version of President Biden’s $1.9 trillion Covid stimulus bill this weekend “after a grueling 27-hour session” that featured “the longest vote in modern Senate history.” ...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, February 2021 # 13

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In Washington: The Labor Department on Thursday adjusted last week’s jobless claims numbers upward, showing claims surged to a seasonally adjusted 861,000, a sign that the labor market continues to struggle to recover from...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, February 2021 # 6

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In Washington: House committees continue drafting the next COVID-19 relief package, which must pass before March 14, to prevent many Americans from losing their increased unemployment benefits. House Speaker Nancy Pelosi says...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, February 2021 # 5

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In Washington: The Senate approved a budget resolution early Friday morning to eventually serve as a vehicle for the next coronavirus relief package. Vice President Harris broke a 50-50 party-line tie vote to pass the...more

Robins Kaplan LLP

Financial Daily Dose 2.8.2021 | Top Story: Weak Jan. Jobs Report Paves Way for Biden’s Covid Relief Plan

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Friday’s “anemic” jobs report (just 49,000 jobs added in January, and precious few of those in the private sector) “underscored the pandemic’s brutal damage to the job market” and likely made President Biden’s sale of his...more

Robins Kaplan LLP

Financial Daily Dose 2.5.2021 | Top Story: Senate Advances $1.9 Trillion White House Covid Relief Measure

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With Vice President Harris acting as the tiebreaker (and following a 15-hour amendment vote-a-rama), the Senate voted on Thursday to move forward with the White House’s $1.9 trillion Covid relief measure....more

Hogan Lovells

Coronavirus: The Hill and the Headlines, January 2021 # 5

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In Washington: The White House Coronavirus Task Force is warning that there may be a new fast-spreading U.S.A. variant of the coronavirus. "This fall/winter surge has been at nearly twice the rate of rise of cases as the...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, December 2020 # 13

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In Washington: Top Senate Republicans indicated on Thursday that Congress is increasingly likely to need a brief stopgap government funding bill lasting several days to clinch a spending and coronavirus relief deal. Friday...more

Robins Kaplan LLP

Financial Daily Dose 12.18.2020 | Top Story: States Unveil Yet Another Antitrust Action Against Google Over Search Dominance

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Another day, another new Google antitrust lawsuit—this time thanks to a group of 30-plus states that have accused the company of “illegally arranging its search results to push out smaller rivals.” Oh, and money likely won’t...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, December 2020 # 12

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In Washington: The “four corners”— House Speaker Nancy Pelosi (D-CA), House Minority Leader Kevin McCarthy (R-CA), Senate Minority Leader Chuck Schumer (D-NY), Senate Majority Leader Mitch McConnell (R-KY)—are reportedly...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, December 2020 # 8

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In Washington: The Food and Drug Administration’s (FDA) vaccine advisory panel voted to recommend that the FDA authorize the Pfizer-BioNTech vaccine for emergency use. A Centers for Disease Control and Prevention (CDC)...more

Robins Kaplan LLP

Financial Daily Dose 12.11.2020 | Top Story: Banner Airbnb Public Trading Debut Has Some Worrying About Tech Bubble

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Because too much of a good thing is always trouble (especially on Wall Street), market watchers are warning of a new tech bubble after Airbnb’s monster IPO on Thursday. The home-sharing app’s shares rose more than 112% to...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, December 2020 # 4

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In Washington: On Thursday, the U.S. experienced the deadliest 24 Hours since the Coronavirus pandemic began as a record 2,777 Americans died in just 24 hours. More than 14 million Americans have now tested positive,...more

Robins Kaplan LLP

Financial Daily Dose 12.7.2020 | Top Story: November Hiring Well Below Expectations as Employment Recovery Stalls

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Friday’s jobs report was not only 200,000 jobs below projections for November, but it marked the fifth straight month of a diminished pace of hiring in the United States and brought urgency to facing the reality that there...more

Robins Kaplan LLP

Financial Daily Dose 11.13.2020 | Top Story: US Jobless Claims Fall Slightly, But Central Bankers Warn Against Complacency

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Thursday’s unemployment figures showed technically falling claims (down to 723,000 new claims for state benefits) but “remained above records set in previous recessions,” as the number of “laid-off and furloughed workers...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, November 2020 # 8

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In Washington: Congressional Democrats are doubling down on their calls for a large coronavirus relief bill following the election. Senate Minority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) on...more

Robins Kaplan LLP

Financial Daily Dose 11.11.2020 | Top Story: Alibaba Hoping for Huge Singles’ Day Haul on Pent-Up Demand

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TikTok parent ByteDance, flying under the radar as other recent events have shoved the White House’s battle with the company to the back burner, has “asked a U.S. appeals court for additional time to work out a potential...more

Robins Kaplan LLP

Financial Daily Dose 11.9.2020 | Top Story: Pfizer’s Vaccine News and Election Certainty Propel Wall Street Futures Skyward

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So . . . .  Nice, quiet week while we were gone, right? Wall Street forecasts are always dicey, but it sure looks like Pfizer’s solid vaccine news (along with this weekend’s newfound presidential certainty) could make for...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, November 2020 # 4

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In Washington: An internal review obtained by NPR reveals that Centers for Disease Control (CDC) officials knew that early COVID-19 tests were faulty but released them anyway. This made it difficult for cases to be...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 20

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In Washington: The possibility of a lame-duck session coronavirus relief deal remains shaky. House Speaker Nancy Pelosi (D-CA) holds out hope, telling reporters Thursday that she wants “as clean a slate as possible” for an...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 14

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In Washington: House Speaker Nancy Pelosi (D-CA) continued talks with Treasury Secretary Steven Mnuchin again on Thursday as they continued negotiations on a fourth COVID-19 stimulus bill. Pelosi on Thursday said both...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 9

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In Washington: President Trump said Thursday that he is willing to go higher than his current $1.8 trillion offer for the next coronavirus stimulus package as negotiations continue. “Go big or go home,” Trump told Fox...more

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