Reynolds orders more businesses closed to fight spread of coronavirus in Iowa
Des Moines Register: Gov. Kim Reynolds has ordered more businesses closed through April 30 to fight the spread of the novel coronavirus, including malls, bowling alleys, zoos, campgrounds, playgrounds and libraries, among others. Anyone not following the guidelines, specifically those not limiting social gatherings to fewer than 10 people, can be cited with a simple misdemeanor, Reynolds said today during her daily briefing.

Fed says it will provide financing against new U.S. ‘payroll protection’ loans
Reuters: The Federal Reserve today moved to bolster a new small-business lending program by allowing banks to turn those loans over to the U.S. central bank for cash, easing concerns among banks about getting stuck holding the low interest loans. The Fed said it would announce details later this week of a new term financing arrangement for loans made under what is known as the Payroll Protection Program, part of the federal response to the economic effects of the coronavirus pandemic.

Wall Street has its best day in two weeks
CNN Business: U.S. stocks closed near session highs today on optimism about a slowdown in new coronavirus infections. It was the stock market’s best day since March 24. The Dow finished up 7.7%, or 1,627 points.

Bill Gates to spend billions on coronavirus vaccine development

Wall Street Journal: Microsoft Corp. co-founder Bill Gates said his foundation will spend billions of dollars to fund the construction of factories for the most promising efforts to develop a vaccine to combat the novel coronavirus. Gates, who is one the richest people in the world, said the Bill and Melinda Gates Foundation will work with seven makers of a possible vaccine to build these factories.