The Daily Populous

Wednesday March 25th, 2020 evening edition

image for Chuck Schumer made sure businesses controlled by Trump, his family, and top US officials couldn't get money from the government's $2 trillion coronavirus bailout fund

Senate Minority Leader Chuck Schumer secured a condition in the government's $2 trillion coronavirus stimulus package that would bar President Donald Trump's businesses from receiving money.

Under the proviso, businesses owned by members of Congress, Vice President Mike Pence, and top members of the executive branch would also be excluded from the bailout.

Trump owns a string of high-end hotels and golf resorts, several of which have been shuttered during the pandemic.

The aid package, agreed on by the White House and the Senate early Wednesday, would provide assistance to Americans and businesses struggling during a sharp economic downturn.

Senate Minority Leader Chuck Schumer secured an agreement in the $2 trillion federal coronavirus stimulus package that would bar businesses owned by President Donald Trump, his family, top US officials, and members of Congress from receiving money from the fund.

Citing Trump's latest financial statements, The Post said those businesses accounted for about $174 million in annual revenue.

On Sunday, the president indicated that he had not ruled out congressional aid for the Trump Organization should the bailout funds become available. »

Coronavirus: Prince Charles tests positive but 'remains in good health'

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The Prince of Wales has tested positive for coronavirus, Clarence House has announced.

A Clarence House statement read: "In accordance with government and medical advice, the prince and the duchess are now self-isolating at home in Scotland.

"The tests were carried out by the NHS in Aberdeenshire, where they met the criteria required for testing. »

Coronavirus: Jeff Bezos, world’s richest man, asks public to donate to Amazon relief fund

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Amazon CEO Jeff Bezos faces backlash after publicising a relief fund the public can donate to for his contract employees working during the Covid-19 pandemic.

Besides the company contributing $25m to the fund, it also allows the public to donate if they deem it important.

“How is your company worth over a TRILLION dollars and you want the public to donate to an employee relief fund?! »

Richard Burr sued for dumping stocks ahead of coronavirus panic

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An investor is suing Sen. Richard Burr for securities fraud connected to stock sales he made after private coronavirus briefings, court papers show.

The complaint focuses on Burr and his wife’s sale of as much as $150,000 worth of stock in Wyndham, the international hotel chain that has taken a beating from the coronavirus pandemic.

The company’s stock price closed at $59.10 on Feb. 13, the day Burr dumped the shares as he reportedly received briefings on the coronavirus threat. »