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Walmart pays hourly staff nearly $180M in bonuses with 'more to come'

Federal Judge Blocks California Law Requiring Background Checks For Ammunition Purchases

https://www.foxbusiness.com/lifestyle/walmart-pays-hourly-staff-180m-bonuses

Walmart paid almost $180 million in cash bonuses to its hourly associates nationwide on Thursday and has fulfilled its goal of hiring 200,000 more employees since March in response to demand prompted by the novel coronavirus, the company announced.

Donna Morris, the company’s chief people officer, said in a memo posted to its website Thursday that hourly associates received the extra cash, which was actually accelerated quarterly incentive payouts, in addition to previously announced bonuses.

Walmart announced in a mid-March press release it plans to pay its full-time hourly employees $300 each and it’s part-time hourly workers $150 as a “special cash bonus,” totaling more than $365 million.

Amazon’s CEO tells investors ‘you may want to take a seat,’ as he explains why the company will spend ‘entirety’ of $4 billion profit

https://www.marketwatch.com/story/amazons-ceo-tells-investors-if-youre-shareowner-you-may-want-to-take-a-seat-as-he-explains-why-the-company-will-spend-entirety-of-4-billion-profit-2020-04-30

Amazon.com Inc. unsurprisingly topped expectations for quarterly sales amid the COVID-19 pandemic, but it was comments from CEO Jeff Bezos, in a written statement accompanying the retailer’s earnings report, that really drew the focus on Wall Street Thursday evening.

The remarks constituted arguably the lengthiest such statement from the world’s richest man in a quarterly report and underscored the magnitude of the deadly disease that has left much of the world struggling to emerge from forced business shutdowns and a temporary cessation of normalcy to help limit the contagion’s spread.

FDA authorizes remdesivir for emergency use as coronavirus treatment

https://www.cbsnews.com/news/fda-authorizes-remdesivir-for-emergency-use-as-coronavirus-treatment/

The Food and Drug Administration has authorized the antiviral drug remdesivir for emergency use in treating coronavirus cases, FDA Commissioner Stephen Hahn announced in an impromptu Oval Office meeting on Friday afternoon. Daniel O'Day, the CEO of Gilead Sciences, which produces the drug, also attended the meeting with administration officials.

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The Dumbest (and best) Stuff of the Week || 238