Iowa hits another new high for coronavirus-related deaths
Cedar Rapids Gazette: For the second consecutive day, the number of new coronavirus-related deaths reached a new high in Iowa, as the state confirmed 14 new deaths today. A total of 162 Iowa deaths have been confirmed since the virus first appeared here in early March. Across the state, 335 people were hospitalized due to the virus — that also is a new single-day high — including 49 who were admitted in the past 24 hours.

Iowa ethanol industry in ‘very serious shape,’ former Iowa Gov. Tom Vilsack says
Cedar Rapids Gazette: Iowa Democrats on Wednesday criticized Republicans for failing to provide needed aid to the ethanol industry that has been buffeted by low commodity prices, trade disruptions and policies favoring Big Oil. “This is an incredibly grave time for all of us, but it is a particularly vulnerable time for rural America,” former Iowa Lt. Gov. Patty Judge, co-founder of Focus on Rural America, said on a call with reporters. Tom Vilsack, a former Iowa governor and U.S. agriculture secretary, referred to the cascading impacts of the coronavirus pandemic on the biofuels industry at a time when the Environmental Protection Agency had weakened it with oil refinery waivers.

Fed expands ‘Main Street’ program to firms with up to 15,000 workers
Reuters: The Federal Reserve today widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting at some form of dedicated help for nonprofits. The central bank said it would expand its “Main Street Lending Facility” into three separate programs to support businesses with up to 15,000 employees and $5 billion in revenue, compared with an initial program limited to 10,000 workers and $2 billion when it was announced on April 9.

– McDonald’s profit misses estimates, shares drop 4% (Reuters)
– Oil prices surge on last day of roller-coaster month (Reuters)
– Macy’s reopening 68 stores, targets all within six weeks as curbs loosen (Reuters)