business and finance

Does allergy medicine expire? Yes, but it may still be effective

Allergy medicine expires, but it may still be effective for up to two or more years after the expiration date. Liquid allergy medicine, such as nasal sprays, tend to expire earlier than antihistamine tablets, and they will lose effectiveness more quickly after expiring. This article was medically reviewed by Omid Mehdizadeh, MD, otolaryngologist and laryngologist at the Pacific Neuroscience Institute's Pacific Eye, Ear & Skull Base Center at Providence Saint John's Health Center in Santa Monica, CA.Visit Insider's Health Reference library for more advice.Yes, allergy medicine will expire eventually. However, depending on the type of medication, you may still get some relief after the expiration date has passed.Over-the-counter and prescription antihistamine tablets tend to stay effective longer




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The Tempo Studio turns your living room into a full-on fitness center — and it satisfies exactly what I've missed about going to my local gym

When you buy through our links, we may earn money from our affiliate partners. Learn more.The Tempo Studio is a comprehensive at-home fitness solution with quality equipment and effective streamable workouts.The cabinet features gym-grade weight plates, stainless steel barbell and dumbbells, and a huge 42-inch color touchscreen that shows each workout and helps correct your form and technique. During my two-week testing period, the Tempo experience far exceeded my expectations and satisfied so much of what I've missed about going to my local fitness center. It even had me questioning whether I'd ever need to pay the dues to visit a physical gym if I owned a unit of my own. Though it's expensive at $1,995 for the machine (plus $39 a month for access to the workout classes), the cost is comparable




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Read the pitch deck that buzzy startup Devoted Health used to reach a $1.8 billion valuation before it signed up a single customer

Devoted Health wants to change the way the U.S. takes care of its senior citizens, and it has big plans in its first five years to do just that.The startup, which has been gathering lots of buzz in the last year, was founded to sell private health insurance plans to U.S. seniors, a market that is growing rapidly as Baby Boomers age.Using one pitch deck, Devoted Health managed to secure $300 million from investors in a funding round led by Andreessen Horowitz late last year, with a valuation of $1.8 billion – all before it signed up a single customer.But the deck also outlined the company's aggressive plans for its first five years. Devoted Health planned to sign up 5,000 members for 2019 and grow that to 103,722 by 2023. It expects to make about $1.2 billion in revenue in 2023 while generating




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India registered over 3,000 cases and 95 deaths in last 24 hours, says the Union Health Ministry

The death toll due to COVID-19 rose to 1,981 and the number of cases climbed to 59,662 in India.This is an increase of 95 deaths and 3,320 cases in the last 24 hours, according to the Union health ministry. The total number of cases also include 111 foreign nationals.The death toll due to COVID-19 rose to 1,981 and the number of cases climbed to 59,662 in the country on Saturday, registering an increase of 95 deaths and 3,320 cases in the last 24 hours, according to the Union health ministry. The number of active COVID-19 cases stood at 39,834, while 17,846 people have recovered and one patient has migrated, it said. "Thus, around 29.91 per cent patients have recovered so far," a senior health ministry official said.The total number of cases also include 111 foreign nationals.A total 95 deaths




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The reason why some people get very sick with the coronavirus, and others do not, could be hidden in their genes

A big mystery about the new coronavirus is why some infected people get severely ill while others have mild, if any, symptoms.A patient's age and underlying health conditions influence their risk of developing a severe case, but some experts think the reason people across all age brackets can get very sick is linked to their genes.People whose bodies make more of the ACE2 receptors that the coronavirus uses to invade our cells could get hit harder.Visit Business Insider's homepage for more stories.While older people with preexisting health conditions are most at risk of severe coronavirus infections, the virus can hit healthy, younger people just as hard. Recently, a 104-year-old Brooklyn woman who once had Stage 4 cancer recovered from the disease. But a healthy, 38-year-old Ironman athlete




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Barclays' CEO says crowded offices could be 'a thing of the past'

Barclays' CEO said Wednesday that offices may never see the same crowds again after the coronavirus pandemic subsides. "There will be a long-term adjustment to our location strategy," he told reporters following the bank's first-quarter results. Across Wall Street, executives are mulling massive changes to workplaces to promote safety. Visit Business Insider's homepage for more stories.One of the United Kingdom's largest banks is rethinking its staffing and office strategies in the wake of the coronavirus pandemic."There will be a long-term adjustment to our location strategy," Jes Staley, chief executive of Barclays, told reporters following the bank's first-quarter financial report on Wednesday. "The notion of putting 7,000 people in the building may be a thing of the past."He said that




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GREYCROFT FOUNDER: For the first time ever, VCs are giving millions to founders without meeting them face-to-face. Here's how to adapt to remote investing.

75479954Alan Patricof is the chairman emeritus at Greycroft Partners.He writes that given the timeline of the coronavirus pandemic, VC firms will have to invest in startups, early-stage companies, and new CEOs without meeting teams face-to-face.To close a deal, it'll be key for entrepreneurs to be charismatic through the phone, and have strong references.Seed and round A investors should consider partnering with other firms to mitigate risk, and should prioritize thorough backgrounding of potential deals.Visit Business Insider's homepage for more stories.The pandemic crisis has presented those in venture capital with a new phenomenon — which, in spite of my 50 years in the business, is a first.Since we are virtually always "open to buy," to quote a retailer's expression, we are now faced with




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How Wall Street can get back to the office; Private equity's energy mess

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. If you aren't yet a subscriber to Wall Street Insider, you can sign up here.Happy May! With remote work stretching into another month, conversations are starting to shift to when we'll return to the office — and who might remain at home. Luke Ellis, the CEO of $104 billion hedge-fund manager Man Group, broke down how it will operate after the pandemic, and said his firm has proven it can "not just survive but thrive and operate at close to full productivity with everyone working from home." Meanwhile, CEOs from firms including Franklin Templeton, MSCI, Prudential, and Tradeweb explained how the whole experience has blurred the lines between work and




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The future of the office, how we'll shop and pay, and Masa Son's biggest challenge

Hello!As the curve flattens in many parts of the world and the movement to reopen the economy gains steam, I keep finding myself thinking about this seating plan.As Holly Secon reported this week, 44% of workers on one floor of a South Korean call center got the coronavirus. The desks colored blue show where employees with confirmed cases sat.For some of you, that seating plan might look a little like your bank of desks at the office. It certainly looks like mine. A number of Business Insider reporters this week delved in to what a return to work might look like, and how offices will have to be reconfigured to make a return possible:Joe Williams talked to the co-CEOs of Gensler, the largest architecture firm. They described the three ways that offices will change post-coronavirus.Alex Nicoll




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COVID-19 will change how companies report earnings – these are the top 20 things execs need to keep in mind

The Institute of Chartered Accountants of India (ICAI) has issued an advisory on the factors that companies should keep in mind while reporting earnings for FY 2019-20.The advisory covers 20 key items spread across five categories.Given that this is an advisory, the nature and extent of items to be considered will differ between companies.The COVID-19 pandemic has had an adverse impact on all aspects of the economy, be it earnings, supply chains, operational efficiencies and the stock markets.Since the financial year ends on March 31, 2020 in India, it falls amidst the COVID-19 pandemic. This will have an impact on the way companies report their earnings for the financial year 2019-20. To deal with the accounting issues caused due to the volatility, financial uncertainty and fluctuating valuations,




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SBI, India's largest bank, is only worth a third of HDFC Bank — and the COVID-19 lockdown is making it bleed even more

State Bank of India’s (SBI) shares fell by as much as 6% today while HDFC Bank dipped by more than 7%.Yet, there is a sharp difference in the market capitalization between the State Bank of India (SBI) and HDFC Bank.This despite the former having 10 times as many customers and four times the balance sheet.With the coronavirus pandemic, it’s the beginning of another cycle of non-performing assets for banks, according to Siddharth Purohit, a banking analyst with Angel Broking.The State Bank of India (SBI), the largest bank in India, is only worth one-third of HDFC Bank, which in its own right, is the largest private sector bank in the country. This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of




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Robinhood just raised a $280 million round of funding led by Sequoia Capital, making it worth over $8 billion

Investing app Robinhood just announced a $280 million Series F at a $8.3 billion valuation.Previous investor Sequoia Capital led the round, with participating from NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures.Robinhood has added three million funded accounts since the start of the year. Investors continue to pour money at rising valuations into Robinhood despite the popular investing app facing multiple outages on some of the most volatile trading days in market history earlier this year.The fintech nabbed $280 million in Series F funding at an $8.3 billion valuation in a round led by previous investor Sequoia Capital. NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures also participated in the round. Robinhood's most recent round comes after a $323 million Series E in July




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Meet 2019's Rising Stars of Wall Street from firms like Goldman Sachs, Blackstone, and Apollo shaking up investing, trading, and dealmaking




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The way we shop is transforming as consumers embrace contactless payments and curbside pickup. Here's everything you need to know.

The coronavirus has been a catalyst for big changes in the way consumers spend and pay.Ongoing trends like contactless payments and buy now, pay later are accelerating.New trends are emerging, like consumers' preference toward buy online, pick up in-store.Here's how banks, credit card companies, fintechs, and investors are thinking about the new norms in how we shop and pay.Click here for more BI Prime stories.From banks to credit card companies to retailers, the coronavirus pandemic has impacted virtually every player in the payments industry.Ongoing trends, like buy now, pay later and contactless payments, have been accelerated. And new norms in the way we shop, like buy online, pick up in-store, are emerging.We've spoken with execs across the payments ecosystem to understand what's changing,




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Offices are transforming forever. Here's what to expect when you go back to work — and why it won't be like you remembered.

The coronavirus pandemic is transforming how employers, real-estate services providers, and landlords are thinking about the office.Architects are already laying out the floorplans of the near-future. And companies are rethinking how much office space they really need.Many experts see the very concept of the office transforming from a place you go every day to more of a hub for high-stakes meetings and collaborative work.Business Insider has talked with dozens of experts to learn what offices will look like when you go back to work, and what it will take to return to normal.Visit Business Insider's homepage for more stories.The coronavirus pandemic is proving to be a huge catalyst that's transforming how employers, real-estate services providers, and landlords are thinking about the office.Top




business and finance

JPMorgan and Goldman Sachs-backed Members Exchange just got a green light from the SEC to go head-to-head with giants like NYSE and Nasdaq

The Members Exchange just received approval from the US Securities and Exchange Commission to operate as a national securities exchange.As a result, the startup exchange said it's on track to go live during the third quarter of 2020. MEMX is backed back some of the biggest firms are on Wall Street, including JPMorgan, Goldman Sachs, and Charles Schwab. Click here for more BI Prime stories.An upstart stock exchange backed by some of Wall Street's biggest names just got approval from the industry's top regulator.The Members Exchange, a startup exchange backed by JPMorgan, Goldman Sachs, Morgan Stanley, and Charles Schwab, among others, said on Tuesday it received approval from the US Securities and Exchange Commission to operate as a national securities exchange.MEMX's approval comes less than




business and finance

This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

Technology is shattering legacy financial systems that can't keep pace with market demand — and Brex is at the forefront. It's one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil's largest payment processors.Brex already has more than 1,000 customers signed up with the help of backing from investors including PayPal co-founders Peter Thiel and Max Levchin, early Facebook investor Yuri Milner, former Visa CEO Carl Pascarella, and esteemed startup incubator Y Combinator.And we caught a glimpse of the Series B pitch deck Dubugras and Franceschi used to win them




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Why Congress' own economists predict 15 million unemployed in 2021

President Donald Trump has said the economy will take off like a rocket when the COVID-19 pandemic and social distancing ends.The Congressional Budget Office predicts the unemployment rate will still be at 9% at the end of 2021.Historically, high unemployment rates during recessions and pandemics have taken a long time to come back down to full employment levels.Visit Business Insider's homepage for more stories.Following is a transcript of the video.Narrator: If you watch President Trump's daily briefings, you might think everything will immediately go back to normal when social distancing is no longer necessary.President Trump: And you will see our economy skyrocket.Narrator: But Congress' own budget office thinks things will be pretty bleak for much longer. At the beginning of April, the




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The downgrade of SBI, Bank of Baroda, and ICICI Bank is proof that the 'biggest nightmare' for India's financial sector is becoming real

Bank of America has downgraded the ratings for four of India’s largest banks — the State bank of India (SBI), Bank of Baroda, IndusInd Bank and ICICI Bank. The emerging cycle of non-performing assets will be the ‘biggest nightmare of 2020’ according to Paytm founder Vijay Shekhar Sharma.Bank of America’s downgrade follows in the footsteps of UBS and CLSA, who also slashed their expectations from banks.According to Sharma, the rise of bad loans is likely to spillover beyond banks to the fintech sector where a large number of startups have been giving out small unsecured loans.Indian banks had barely cleaned up the massive pile of unpaid loans from the country’s corporates, the coronavirus pandemic is barrelling into an economic crisis that may bring a fresh wave of non-performing assets (NPA)




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JB Chemicals, a little-known pharma company in India is now on the radar of private equity giants around the world – here’s why

Private equity giants like KKR, the Carlyle group and others are interested in acquiring a controlling stake in JB Chemicals, a little-known pharma company in India.Although JB Chemicals is a small player in the Indian pharma industry, it has built four strong brands and has market leadership in three of them, which has resulted in industry-beating growth.Some of the popular brands that JB Chemicals owns include Metrogyl, Rantac, Cilacar and Nicardia – driving 80-85% of the company’s India formulations revenue.JB Chemicals, a little-known pharma company in India with a market capitalization of ₹4,600 crore is reportedly on the radar of private equity giants around the world. This has sent the stock to an all-time high of ₹621 in intra-day trade.JB Chemicals is a relatively small player when




business and finance

Yes Bank fears more deposits may disappear when COVID-19 moratorium ends and people start repaying loans

Yes Bank reported a net loss of ₹3668.33 lakh during the fourth quarter.Between 40% to 45% of its borrowers have opted to exercise the three-month moratorium on loan repayments issued by the Reserve Bank of India.The bank expects deposits to erode further once the moratorium lifts and its customers withdraw their funds to pay off loans.Over the last year, Yes Bank deposits half shrunk to half their original size.Yes Bank posted a net loss of ₹3668.33 lakh in its fourth-quarter earnings amounting to a total loss of ₹16,418 crore for the financial year 2019-20. However, with the onset of the coronavirus pandemic and the ensuing lockdown, the bank is far from being out of the woods just yet. “The extent to which the COVID-19 pandemic will impact the bank's future results will depend on related




business and finance

Franklin Templeton reassures Indian investors that their money is safe — and the delay in repayments is due to cash crunch

In April, Franklin Templeton India shut down six debt funds, locking in ₹30,800 crore of investor wealth after a surge in redemptions.Explaining the reason behind this, Franklin Templeton CEO Jennifer M Johnson said that this is a liquidity issue and not a solvency issue.Franklin Templeton India’s assets under management (AUM) declined by almost 43% – from $7 billion to $4 billion.Franklin Templeton India, one of the oldest asset management companies (AMC) in the country, decided to wind down six debt funds amounting to ₹30,800 crore in investor wealth. Now, in an earnings call, Franklin Templeton President and CEO Jennifer M Johnson has explained what exactly went wrong with its India business.“We're doing everything we can for those shareholders, to make sure they get all their money back.




business and finance

India INX all set to launch INR-USD futures and options contracts – here’s what it means and why it’s important

India INX, India’s first international exchange is all set to launch INR-USD futures and options contracts on May 8.This is expected to help the Reserve Bank of India (RBI) reduce the volatility in the value of the Indian rupee and avoid a repeat of the 2013 taper tantrum when the rupee tumbled by 20%.In April 2019, London surpassed Mumbai in Rupee trades, totaling $46.8 billion against $34.5 billion in India, essentially ceding control to foreign players. India’s first international exchange, India INX is all set to launch INR-USD futures and options contracts. This will help the Reserve Bank of India (RBI) in curbing the influence of foreign trade centers like Dubai and Singapore in the Rupee derivatives trade.Initially recommended by the Dr. Usha Thorat Committee in 2019, the Rupee derivatives




business and finance

Power Line: Oil industry cracks widen, a 150-hour battery, and one number that reveals how coronavirus is changing the rooftop solar industry

Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider.Here's what you need to know:Want to get this newsletter in your inbox every Friday? Sign up here. Got a tip or feedback about this newsletter? Email energy@businessinsider.com. Don't forget: Sunday is Mother's Day. Happy Friday, folks! I am delighted to announce that earnings season is mostly over — which means nearly all the top energy execs have revealed new details about how their firms are faring. More on that below. Other things that delight me include hand blenders, plucking carrots out of the ground, tempeh if cooked right, and last year. Let's get to it, starting with an update on oil. 75634682A timeline for the recovery of oil markets The term "recovery" may still be premature, but at least some




business and finance

ICICI Bank’s profits jump by 26% in Q4 as NPA's decline, but the full extent of bad loans will only reflect in the coming months

ICICI Bank’s fourth-quarter core operating profits are in the green at ₹1,221.36 crore, a jump of 26% over the Jan-March quarter. For the entire year, the bank’s profit after tax grew by 136% to ₹7,931 crore.Even though many expect the ratio of bad loans to increase in the near term once the Reserve Bank of India’s (RBI) moratorium on repayment of loans ends, ICICI Bank’s net non-performing assets (NPAs) decreased from 2.06% in March 2019 to 1.41% in March 2020.




business and finance

A 'phase 4' stimulus package could include more checks for Americans. Here's what else is being discussed, just weeks after the record $2.2 trillion 'phase 3.'

Weeks after passing a momentous $2.2 trillion stimulus package, President Donald Trump and House Speaker Nancy Pelosi are already saying they might need another relief bill.The package - the fourth stimulus related to the coronavirus pandemic - may include another round of direct payments to Americans, as 16.8 million jobless claims have been filed over the last three weeks.Here's what the major party stakeholders - including Trump, Pelosi, and Senate Majority Leader Mitch McConnell - are hoping the next stimulus package looks like. Visit Business Insider's homepage for more stories.The federal government made history in late March when it passed into law a $2.2 trillion stimulus package, including an unprecedented expansion of unemployment benefits and a massive $349 billion small business




business and finance

Worrying excessively about the coronavirus can harm both your mental and physical health. Here's how to combat feelings of panic, according to a psychiatrist.

Srini Pillay is a psychiatrist and physician who studies the effects of anxiety on the brain.He says that panic about the coronavirus is natural, but warns that obsession over the outbreak can take a toll on both your mind and body.Continued, extreme levels of worry have been shown to increase the risk for physical illnesses - protecting your psychological health will help protect your bodily health.Pillay says to stay informed without spending your day glued to the news, try to avoid expecting the worst, and acknowledge the positive aspects of your life.Click here for more BI Prime stories.Panic concerning the novel coronavirus is natural - and rational, considering the impact of stocks falling and revenues thinning on social distancing policies.Beyond that, I can confirm that these situations




business and finance

How one global company is planning to bring its 75,000 employees back into the office after the pandemic subsides - while still keeping remote work as an option

Government officials and business leaders to begin thinking about how to re-open the US economy. But many operating procedures in place before the outbreak are unlikely to return back to normal - at least in the near-term. Cisco, for example, is weighing whether to place employees into two "teams" and tier which cohort can be in the office working at a certain time - effectively continuing some of the social distancing guidelines currently in place.The tech giant also plans on continuing a halt on business travel, according to Chief Operating Officer Irving Tan.Visit Business Insider's homepage for more stories.The sudden pivot to remote work led to a few chaotic weeks as companies scrambled to make the necessary adjustments. But as corporations begin to settle into the new normal - or at




business and finance

A Florida bar pulled down $10,000 in single bills stuck to the wall so it could pay its 22 unemployed workers

Fort Lauderdale pub Hott Leggz is generally covered in dollar bills.However, after the coronavirus pandemic forced the bar to pivot to only takeout, 22 staff members were laid off.The co-owners took the cash off the walls and donated them to the laidoff staff - around $10,000 in total."We always had an inside joke, 'If anything goes bad, at least we have the money on the wall,'" co-owner Juliana Sodre told Business Insider. "This is the worst case scenario."Visit Business Insider's homepage for more stories.Normally, the walls of Hott Leggz are papered with thousands of dollar bills.But customers coming in for takeout at the pub in Fort Lauderdale, Florida, are now greeted with the sight of a surprisingly sparse interior.That's because, as Phillip Valys first reported for the South Florida




business and finance

8 steps to take if you think you'll be laid off or furloughed so you can have peace of mind if the unexpected happens

ReutersThe Labor Department reported on Thursday that 5.2 million Americans filed for unemployment insurance in the week that ended April 11.More than 22 million jobless claims were filed over the last four weeks, setting a record for that period of time. Still, more than 47 million Americans could lose their jobs in the second quarter as a result of the novel coronavirus pandemic, according to the Federal Reserve Bank of St. Louis.If you were recently laid off or furloughed, or suspect you may be soon, here's what human resources and retirement experts want you to know. For example, you should know where to access your state's unemployment application and make sure to ask your employer about health insurance benefits. Visit Business Insider's homepage for more stories.Mass layoffs and furloughs




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I've been delivering 1,000 meals a week to quarantined families in Atlanta - here's why hunger is an issue that needs national attention

Jasmine Crowe is the founder and CEO of Goodr, an Atlanta-based company that fights food waste and food insecurity by picking up surplus foods from local restaurants and stores and delivering them to hungry families.Goodr also organizes pop-up groceries stores that allow people in need to shop for fresh produce and other items, free of charge.Crowe's team has recently been delivering 250 boxes of groceries to people every day since the coronavirus pandemic caused mass unemployment and panic food-buying in the US, leaving many with empty wallets and limited access to food. But despite all their efforts, Crowe knows that millions more across the US are still going hungry, and is calling on government leaders for national reform to fix our food-waste problem. Visit Business Insider's homepage




business and finance

Read the pitch deck Facebook's former CIO used to raise $4.8 million of seed money for his calendar app startup

Tim Campos left an executive position at Facebook in 2016 and cofounded Woven, a calendar and scheduling startup.After staying in stealth mode for two years, Woven secured $4.8 million of seed funding in 2018. The round was led by Battery Ventures. The company shared the pitch deck it used to win over investors. We've published the deck below, with Woven's permission.Click here for more BI Prime stories.When Tim Campos first approached VCs with his startup idea, he told them to talk him out of it. Campos is a former chief information officer at Facebook; he left his position in 2016. At the time, he had just doubled Facebook's revenue to $1.8 million per employee, and he was at the pinnacle of his career, he told Business Insider. Still, Campos wanted to start something of his own.Along with




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A senior economist says the $2 trillion stimulus bill 'is not going to be big enough' to fight the oncoming recession

Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.On the latest episode of "Pitchfork Economics," Hanauer and Goldstein talk with the Economic Policy Institute's senior economist, Heidi Shierholz, about how the coronavirus is upending the job market in the United States.Shierholz says she was shocked by the data recently released showing that nearly 10 million Americans had filed for unemployment in the first two weeks of the COVID-19 shutdown - the highest she's ever seen.Visit Business Insider's homepage for more stories.In her role as senior economist and director of policy at the Economic Policy Institute (EPI), Heidi Shierholz spends her days immersed




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PRESENTING: A 28-year-old CEO created a quarantine dating app and a job search platform on the side that have garnered thousands of users - here's how he did it

Courtesy of Daniel AhmadizadehDaniel Ahmadizadeh.Daniel Ahmadizadeh is the CEO of PersistIQ, a company that offers digital tools for sales and customer outreach.But he's also an entrepreneur who saw shifting needs onset by the COVID-19 outbreak, so he went back to the drawing board and came up with three initiatives to meet market demand.What did he come up with? An app for dating while in quarantine, a platform to connect job seekers in sales with work, and a set of tools specifically geared for supporting struggling small businesses. And he doesn't plan on stopping there."Within 14 days - so by March 22 - of launching the app to our friends, it was on the front page of The Wall Street Journal," Ahmadizadeh told Business Insider about his dating app, "Quarantine Together." "It was an insane




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The top 5 languages everyone is learning on Duolingo right now, and how to sign up for them

Chantal Heijnen for DuolingoLuis Von Ahn is the CEO and cofounder of Duolingo.Millions of people across the world are practicing social distancing or are in quarantine right now due to the novel coronavirus pandemic.To pass the time, many people have taken up a new language, data from language learning company Duolingo shows. From March 9 to March 30, the number of new users of Duolingo jumped by 148% in the US.The top five language courses include German, French, and Spanish.Visit Business Insider's homepage for more stories.The novel coronavirus pandemic has forced millions into self-quarantine, leaving many with a lot more time on their hands. And a lot of people are using this time to learn a new language.Language learning company Duolingo, known for its free game-like website and app,




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Alphabet's CEO says the coronavirus has 'absolutely' caused a mental-health crisis. Here are 5 calming podcasts you should follow if you're feeling anxious over the pandemic.

The global outbreak of the novel coronavirus, which causes a disease known as COVID-19, is causing panic and anxiety worldwide.Top executives, like Alphabet CEO Sundar Pichai, for example, are recognizing the toll the pandemic is taking on employees. In an interview with Business Insider, licensed clinical psychologist Ramani Durvasula said that in addition to seeking professional help, listening to mental-health podcasts can be a great way to address stress over the pandemic. Here are five highly rated mental-health podcasts that address anxiety around the novel coronavirus, including "The Calmer You Podcast" and "Your Anxiety Toolkit."If you're struggling, call the SAMHSA National Helpline, 1-800-662-HELP (4357), or reach out to the Crisis Text Line by texting HOME to 741741. Visit Business




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5 guests were stuck at a wine farm in South Africa when the country went into lockdown. The owners provided pizza nights while the stranded families gardened and enjoyed live music - and said they became like family.

Anna Punke-Dresen and her family were staying at the Spier Hotel and Wine Farm in South Africa when the country went on lockdown in March in response to COVID-19.The German family's return flights were suddenly canceled and they found themselves stuck, with no idea how or when they could return home.The wine farm's hotel manager decided to stop charging the stranded families, and set social distancing rules in place to protect the hotel staff and remaining guests.Despite the plunge in business, the wine farm is also still paying all of its employees, both part and full-time, whether or not they're working.Visit Business Insider's homepage for more stories.Spier Wine Farm was going to be the cherry on top of Anna Punke-Dresen's family trip to South Africa. This luxe wine-farm hotel (one of




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Understaffed hospitals in California are suspending nurses just when they need them most - and volunteers aren't being deployed

At least two hospitals in California have suspended nurses for calling out inadequate access to protective gear such as airborne-resistant masks. Nurses at these hospitals - Providence Saint John's in Santa Monica and West Hills Hospital in Los Angeles - said there aren't enough caregivers to treat coronavirus patients.Nearly 90,000 volunteer nurses and healthcare workers have signed up to help short-staffed California hospitals, but the state hasn't deployed any of them yet.If you are a nurse in a short-staffed hospital, email aakhtar@businessinsider.com. Visit Business Insider's homepage for more stories.Jacob Childs used to work alongside his brother as registered nurses in the designated coronavirus floor at Providence Saint John's Health Center in Santa Monica, California - until his




business and finance

You can take the GMAT at home starting April 20, and top business schools including Harvard and MIT Sloan have already pledged to accept online test scores

Graduate school application season has been hindered by the coronavirus outbreak, causing in-person standardized testing to be shuttered. Starting April 20, the GMAT will be available online for students seeking to take the test. Top schools, including Harvard and MIT Sloan, have either waived the test requirement or said they would accept online scores.But candidates in China, Iran, Cuba, Sudan, Slovenia, and North Korea won't have access to the online version.Visit Business Insider's homepage for more stories.The coronavirus pandemic has changed the way students work, learn, and interact with each other. And many graduate schools have shifted application requirements, relaxed deadlines, or taken the entire process virtual, including top-notch institutions like NYU Stern and Berkeley's Haas.But




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Amazon CEO Jeff Bezos' annual shareholder letter, once an insightful must-read, has turned cautious and promotional as the company faces more scrutiny

ReutersAmazon CEO Jeff Bezos.Amazon CEO Jeff Bezos published his annual shareholder letter on Thursday.Bezos's letter has become a must-read among business leaders for its ingenuity and thought-provoking advice.This year's letter, however, mostly focused on Amazon's work in helping its employees and other businesses amid COVID-19 - a departure from previous years' letters that were full of inspiring anecdotes and business guidance.Some people say Bezos' annual shareholder letter is losing its luster as the company is more cautious about what it says publicly in light of increased regulatory and press scrutiny.Do you work at Amazon? Contact this reporter via encrypted messaging app Signal (+1 415 926 2066) or email (ekim@businessinsider.com).Visit Business Insider's homepage for more stories.Jeff




business and finance

The head of marketing for a UK urban-gardening startup explains how strong brand recognition helps him grow his team

A startup's brand can be one of the most valuable assets for growing its team."People want to work for a cool, exciting company that they've heard of," said Franky Athill, the head of marketing for Patch Plants, a popular urban gardening startup in London.Athill was Patch's fourth team member, and it has since added more than 40 others.He shared his advice with Business Insider about two key things to remember when it's time to add talent to your startup.This article is part of a series on growing a small business, called "From 1 to 100."The search for talent presents a significant challenge for many startups, and the ability to recruit the best people is one of the most critical factors for success.Startups with strong brand engagement can have an advantage in this respect by reaching a wider




business and finance

I run a 6-figure freelance graphic design agency, and even during the pandemic we're on track to hit our $300,000 yearly goal. Here are 4 key things that have helped me retain clients and keep revenue strong.

Morgan Overholt is the founder and owner of Morgan Media LLC, a graphic design agency.Despite the unforeseen circumstances of the pandemic, her small business was ready to continue operating and functioning at full force.Her employees and clients were already accustomed to remote work, so shelter-in-place policies haven't greatly affected her, and she relies on other freelancers for work so she can scale her team to fit business needs.She advises other small businesses looking to pandemic-proof their companies lean on remote tools, get good at finding clients online, diversify their income streams, and keep their operations agile and lean.Click here for more BI Prime stories.Of the many challenges I expected to face when I quit my normal 9-to-5 job to launch a freelance graphic design agency




business and finance

Social isolation could be a 'golden opportunity' for your career. Here's exactly how to use the extra time to network and develop in-demand skills for the new economy.

Westend61/Getty ImagesBreak your long-term goal into bite-sized tasks.If your have some extra time, consider investing in your career development.Experts advise taking online courses and volunteering virtually to help a cause you care about.It's also wise to get your job-search materials in order, so that you won't be scrambling if you wind up needing them.Click here for more BI Prime stories.In the era of social isolation, a lot of people have some extra time on their hands.That could be simply because they're no longer commuting to an office or meeting up with friends at restaurants. The cause could also be more distressing: They're among the millions of Americans who have lost their jobs in the last few weeks or their work hours have been reduced.Let's be clear. In the short term, losing




business and finance

Coronavirus is sinking the 2020 internship class, new LinkedIn data suggests - and it could impact Gen-Z careers for years

The number of new internships posted on LinkedIn has plummeted as businesses grapple with the economic fallout of the coronavirus pandemic.Not only have the youngest Americans seen a reduction in career opportunities because of the outbreak, they're also the more likely than older workers to be laid off.The United States is home to the largest outbreak of the novel coronavirus that has infected more than 1.5 million people across the globe.Visit Business Insider's homepage for more stories.Employers across the United States have slashed their internship programs as the coronavirus pandemic cuts profits.The number of new internship roles posted on LinkedIn's job boards is down approximately 60% since March 1, the career-oriented social media platform said in a statement to Business Insider.The




business and finance

Why startups should begin by doing things that don't scale, and how to know when to switch to things that do

Before startups commit time and resources to things that scale, the story of a popular urban-gardening startup in London shows why they should focus first on things that don't.Franky Athill, head of marketing for Patch Plants, said his early team of five got its first sales by targeting outreach efforts exclusively on a few apartment buildings.The team grew and personally delivered plants to the small pool of customers.Once the idea gained traction, the team shifted gears to rapidly ramp up daily sales from 10 to 1,000 in three years and expand into Europe.This article is part of a series on growing a small business, called "From 1 to 100."Focusing on how to grow before you have enough data to inform your decisions can be a waste of scarce resources, according to Franky Athill, head of marketing




business and finance

How a local upstate New York fitness studio designed their own at-home bike delivery service in just a few days and boosted revenues while their doors remain shut during the pandemic

Mark Dellas PhotographyErika Brason.Companies shut down by the pandemic have had to come up with alternative revenue streams, including Rebel Ride, a local fitness studio in East Amherst, New York. Owner Erika Brason decided to make the studio's classes virtual and rent out her equipment. Renting out 59 bikes for delivery and pickup as well as making 34 workout videos took her and her team just two weeks to put together."This is the time to get noticed in ways you haven't in the past," Brason explained. "You basically have to reinvent your marketing strategies so that when the time comes, you can give people a really good reason to come back."Click here for more BI Prime stories.With the COVID-19 pandemic rattling businesses big and small - from bookstores and restaurants to shops and gyms




business and finance

15 photos that show the working-from-home spaces of great minds

Michael Ochs Archives/Getty ImagesCivil rights leader Reverend Martin Luther King, Jr. in his home office in Montgomery, Alabama, in May 1956.Famous authors, playwrights, scientists, and artists completed some of their best pieces of work while working from home.Mark Twain began writing "The Adventures of Tom Sawyer" from his study at Quarry Farm in Elmira, New York.Children's book author Roald Dahl even built a small hut in his garden to create the ideal secluded space for writing.Visit Business Insider's homepage for more stories.From Albert Einstein to Joan Didion and Mark Twain, many of the world's most famous thinkers created some of their best work at home.Whether it was in a sky-high Manhattan apartment, a Connecticut farmhouse, a Revolutionary War-era home, or a Malibu mansion, these




business and finance

How a small NYC grocery delivery business is coping with a 400% surge in demand during the coronavirus pandemic

The coronavirus has forced grocery delivery drivers on the front lines of the pandemic.Mirchi, a small New York City grocery delivery service with around 10 employees, is struggling to keep up with a 400% increase in demand.The company's founder said that "by day three, all of my employees were burnt out."View more episodes of Business Insider Today on Facebook.Since the spread of the coronavirus in the US, drivers like Remy Quezada Rodriguez are on the front lines of the pandemic, delivering food to Americans hunkered down at home. Rodriguez works for Mirchi, a small New York City grocery delivery service specializing in South Asian ingredients. Lately, the company has been inundated with orders of rice, spices, and other goods.To keep up with demand, the company's founder Naresh Mulchandani




business and finance

The CEO of a German air taxi startup explains how shifting to English will gear it up to be a leader in the edgy new industry

Startups with international ambitions eventually face one choice that others might take for granted: What language will they use?When Florian Reuter joined the drone taxi startup Volocopter as CEO, one of his key initiatives was to get the entire business to use English instead of its native German.The move reflected the company's ambition to be the international leader of a new mode of transportation, rather than operating primarily within Germany.Since making the switch in 2017, Volocopter has grown from 15 people to over 150, with plans to build a team of thousands to bring personal air travel to cities around the world.This article is part of a series on growing a small business, called "From 1 to 100."Countless decisions go into scaling a startup. Many of those choices are explicit,




business and finance

States and cities are stepping up to help businesses survive. Here are the best funding programs nationwide to help you pay rent, keep employees, and restructure your debt.

States and city governments are offering millions in loans and grants to businesses affected by the coronavirus pandemic. California's IBank is offering up to $50,000 in direct loans and loan guarantees for companies with fewer than 750 employees, while Maryland is granting $100,000 to manufacturers that can quickly pivot to make personal protective equipment (PPE) and other critical needs items. Most applications are submitted online and require basic business information as well as proof of how business revenue declined due to COVID-19.This piece will be updated as new information becomes available.Click here fore more BI Prime stories.As the coronavirus pandemic continues to disrupt the lives and operations of millions of American business owners, more state and local governments are offering