- US stock markets on Wednesday fell at the closing bell after Federal Reserve Chair Jerome Powell announced that the central bank is not considering turning to negative interest rates. He added that more stimulus will be needed to cushion more businesses against the impact of the virus.
- Tesla enters agreement with California’s authorities on safety procedures which will allow the carmaker to resume full production at its Fremont factory next week, county officials revealed on Wednesday.
- The Italian government has approved €55 billion stimulus package which aims to help its citizens as well as businesses to overcome the negative impact of the pandemic.
- Cisco Systems has announced that its revenue for the third quarter ended April 25, 2020, fell by 8% to $11.98 billion with a net income of $2.8 billion.
