Iowa universities face uncertain future as they lose $190 million to COVID-19
Iowa Capital Dispatch: During the Iowa Board of Regents meeting on Thursday, school officials from the University of Northern Iowa, Iowa State University and University of Iowa said they were already seeing financial stress due to unexpected costs related to COVID-19 and an expected drop in summer and fall enrollment. Iowa State is expecting to lose $88 million due to lost revenues and refunds from March through the summer. University of Iowa is expecting to lose a little more than $76 million and another $70 million from its hospital. The University of Northern Iowa is expecting to lose $28 million.

Public companies received $1 billion in stimulus funds meant for small businesses
Washington Post: Publicly traded companies have received more than $1 billion in funds meant for small businesses from the federal government’s economic stimulus package, according to data from securities filings compiled by The Washington Post. Nearly 300 public companies have reported receiving money from the fund, called the Paycheck Protection Program, according to the data compiled by The Post. Recipients include 43 companies with more than 500 workers, the maximum typically allowed by the program. Several other recipients were prosperous enough to pay executives $2 million or more.

Trump threatens new tariffs on China in retaliation for coronavirus
Reuters: President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak. Trump’s sharpened rhetoric against China reflected his growing frustration with Beijing over the pandemic.