Category: UNCATEGORIZED

17 Mar 2020

White House provides an update on COVID-19 testing in the U.S., says there’s been a ‘dramatic ramp’

During a White House press briefing on the state of the COVID-19 pandemic in the U.S., members of the White House coronavirus task force provided updates about the current state of coronavirus testing in the U.S., which is a crucial metric to track given that the World Health Organization has said that testing is perhaps one of the most important parts of any effective method of combatting the outbreak.

“As we talked about earlier this week, the commercial system is rapidly advancing in the testing capabilities,” explained task force member Admiral Brett Giroir. “As of today our public health laboratories, meaning the CDC and the public health labs, have reported out 31,878 tests so almost 32,000 tests. The clinical laboratories, the Association of Clinical Laboratories, have reported out about 27,000 tests, and most importantly of those 27,000 during the cumulative period of time 8,200 of them were yesterday.”

That brings the total number of tests conducted between these sources to just under 60,000 tests, which Giroir said represents a “dramatic ramp as the high-throughput [testing] comes in.” He also noted that we don’t yet have numbers reported from individual hospital labs that are also conducting testing, and that an fellow task force member Ambassador Deborah Birx’s forthcoming legislation will provide more clarity on the actual number as it rolls all testing sources into a common reporting structure. This reporting arrangement should be in place by early next week, he said.

“In terms of our drive to laboratories, again, these are blossoming all over the country,” Giroir said. “By individual states, the ones that we are heavily involved in, in really pushing equipment to, we expect over the next few days to be again setting up 47 of these in approximately 12 states. The material is already palletized and being shipped to the locations, most cities have the specific locations, some do not but it’s still gone to a central receiving, and we know that we’ll be deploying at least 140 Commissioned Corps officers, and about half of the sites have reported their requirements, but 140 officers will be going and we expect that to go up.”

Giroir added that they set up and ran a trial site of these mobile testing locations on Monday, with a full staff complement, and noted that while they “had a lot of kinds in the system as you can expect,” he added that this is the reason they do testing and people shouldn’t expect them to be perfect when they first come online.

Ambassador Brix also said regarding testing that she believed we would see in the next few weeks that “other tests that were used around the world were not of the same quality” as the ones that are being deployed in the U.S., and that have been approved by the FDA for use by private labs. These provided more false positives and false results than the tests that will be in use in the U.S., she said, leading to potentially inaccurate data. The U.S. reportedly refused use of WHO-prepared coronavirus testing kits early on in the COVID-19 outbreak, opting instead to develop its own via the CDC, though Admiral Giroir said that as far as he could discern, no one made an offer that the U.S could refuse.

“Testing should not be used as an assessment of your risk,” Brix also added, noting that everyone should still follow the recommendations issued by the White House to maintain social distance and avoid groups of 10 or more individuals. She urged everyone, and young people especially who might think that because they don’t feel sick or aren’t in as serous risk, to follow the guidance and stay home if possible.

Task force member Dr. Anthony Fauci addressed the interrelationship between testing and the social distancing and isolation guidelines. He clarified that “even if we had no testing, we should be doing what we’re doing now,” but stressed that testing was indeed important for providing healthcare workers and those working on strategy with an idea of what they’re dealing with, and the effect its having. He also noted that we shouldn’t be looking at daily figures regarding confirmed cases as a good indicator of what impact distancing and other strategies are happening, since we’ll only see how these efforts are playing out over a longer period of time.

17 Mar 2020

The Trump administration wants to send American workers cash ‘immediately’

As the government takes drastic measures to calm markets, individual Americans might soon be seeing some dramatic measures of their own.

In a White House press conference today on coronavirus measures, Treasury Secretary Steven Mnuchin made a decisive statement that Americans can expect to receive a cash stimulus in the form of a check in the mail—and soon.

“We’re looking at sending checks to Americans immediately. What we’ve heard from hardworking Americans is many companies have shut down, whether it’s bars or restaurants,” Mnuchin said.

“Americans need cash now and the president wants to get cash now. And I mean now in the next two weeks.”

Mnuchin added that he’ll be previewing the amount of direct payments with Republicans later Tuesday, but suggested “they may be a little bit bigger than what’s in the press,” suggesting that individual payments could be higher than the $1,000.

Under the White House’s plan, the payments are likely to be income-capped so that high earners don’t receive unnecessary payouts.

“I think it’s clear we don’t need to send people who make a million dollars a year checks,” Mnuchin said.

Trump added that the administration will “have a pretty good idea” on the details of those payments by the end of the day. “That’s one of the ideas we like,” Mnuchin said, referring to the direct payments.

Mnuchin mentioned other measures like a payroll tax holiday, but noted that they would not provide financial relief quickly enough given that their effects might not be felt for six to eight months.

He encouraged Americans to plan on filing their taxes by the regular deadline of April 15, as many Americans can expect refunds. “We don’t want to lose out on those tax refunds, we want to make sure that you get them,” Mnuchin said.

Americans who owe on their taxes can defer up to $1 million on an individual basis interest and penalty free for 90 days. Corporations can defer up to $10 million.

The White House has its own ideas about an $850 billion stimulus package, but it still needs to hammer out the details with Congress. Trump and Mnuchin are headed to meet with Republicans in Congress Tuesday afternoon.

Some Senate Democrats also support the idea of direct cash payments to provide financial relief for Americans during the COVID-19 crisis. Senators Michael Bennet (D-CO), Sherrod Brown (D-OH) and Cory Booker (D-NJ) proposed “immediate direct cash payments” in a letter to Senate Democratic leadership first reported by The New York Times.

Under the proposal, Americans would receive $2,000 payments quickly and potentially more over time depending on the course of the economic crisis, up to $4,500 per individual annually. Under the proposal, like the White House proposal, high earners would not be eligible for the payments.

The idea of cash payments to individual Americans is seeing an unusual moment of bipartisan support. The proposal of $1,000 individual monthly payments was a key tenet of Andrew Yang’s presidential campaign, which brought discussions about a universal basic income—what Yang called a “Freedom Dividend“—to the forefront of the American political conversation.

On Monday, Republican Senator Mitt Romney proposed a plan to provide American adults $1,000 to lessen the financial blow of the novel coronavirus on working people.

“Every American adult should immediately receive $1,000 to help ensure families and workers can meet their short-term obligations and increase spending in the economy,” a statement from Romney’s office asserted.

Such proposals, now seeing support from some Republicans, some Senate Democrats and the White House, look likely to make their way into near-future federal relief measures.

17 Mar 2020

Apple now says its retail stores are closed “until further notice”

Apple appears to be expecting a longer disruption to shopping at its physical retail stores as a result of the public health crisis posed by the COVID-19 pandemic.

Earlier this week, in a press release, the iPhone maker said it would be closing retails stores outside China until March 27. A note on its website now says the shut down is open ended. Apple writes that the bricks-and-mortar stores “are closed until further notice” — so at very least it’s signalling to customers to expect ongoing disruption to its retail business as usual.

Those looking to buy Apple products are told to shop on the website. Service and support is also offered online or via telephone.

We’ve reached out to Apple to ask for confirmation on a policy change.

In its March 13 missive, the company wrote that it is committed to paying all its hourly workers as if the stores remained open, and also said it was expanding its leave policies to “accommodate personal or family health circumstances created by COVID-19”.

Late yesterday six Bay Area countries issued a ‘shelter in place’ order to restrict potential spread of the novel coronavirus. Additional measures seem likely in the coming days.

Multiple countries in European Union have already ordered the closure of non-essential shops — instructing residents to stay at home unless they need to venture out to obtain essential supplies or are required to work and cannot work from home.

17 Mar 2020

Google postpones the online version of Cloud Next until further notice

A few weeks ago, Google canceled the in-person version of Cloud Next, its largest conference of the year, amid a flurry of similar coronavirus-related cancellations of major events. Originally, Cloud Next was scheduled to run from April 6 to 8. Like other companies, Google at the time said it would hold an online version of the show, but as the company announced today, it is now also postponing that. The company did not announce a new date.

“Right now, the most important thing we can do is focus our attention on supporting our customers, partners, and each other,” Alison Wagonfeld, Google Cloud’s Chief Marketing Officer, writes. “Please know that we are fully committed to bringing Google Cloud Next ‘20: Digital Connect to life, but will hold the event when the timing is right. We will share the new date when we have a better sense of the evolving situation. ”

Chances are we will see a few more of these announcements in the coming weeks. As companies move to remote work, states enact curfews and social distancing has become a word everybody suddenly knows, even putting on a streamed keynote is getting harder. From a more cynical point of view, it’s also worth noting that tech companies are also now facing a world where there isn’t all that much interest in their announcements during a relentless news cycle that prioritizes other topics. Over the last few days, we’ve seen a number of companies postpone their pre-planned announcements, most of which weren’t public yet, and more are sure to come.

17 Mar 2020

Daily Crunch: Trump to propose $850B stimulus

President Trump is preparing a massive stimulus proposal, Amazon adjusts to COVID-19 and HashiCorp is now valued at more than $5 billion. Here’s your Daily Crunch for March 17, 2020.

1. Trump administration proposes $850B stimulus package to stabilize the economy

The Trump administration is heading to Congress to ask for an $850 billion stimulus package to stabilize an economy shaken by the dramatic response to the novel coronavirus. Citing multiple sources, stories in The Washington Post, The New York Times and CNBC report that Treasury Secretary Steven Mnuchin is presenting details to Senate Republicans later on Tuesday.

While the specifics of the planned stimulus package are limited, the White House is pushing for a payroll tax cut and another $50 billion in direct stimulus to help the airline industry, which has cratered as global quarantine rules have stymied air travel.

2. Amazon limiting shipments to certain types of products due to COVID-19 pandemic

Amazon’s “Fulfillment by Amazon” program — through which it provides warehousing and shipment services for products from third-party sellers — was well as its larger vendor shipment services are being partially suspended through April 5 due to the global coronavirus outbreak. This suspension will allow Amazon to prioritize shipment of “household staples, medical supplies and other high-demand products,” the company said.

3. HashiCorp soars above $5B valuation in new $175M venture round

HashiCorp’s suite of products helps everyone in the tech workforce, from IT admins to software developers, operate in the cloud (mostly) effortlessly and natively. The company’s products have long garnered rave reviews from technical teams, and now it’s looking at a brand new massive valuation.

4. NBCUniversal will break the theatrical window to release ‘The Invisible Man’ and other movies on-demand
With cities going on lockdown and movie theaters closing, NBCUniversal announced that its movie studio Universal Pictures and specialty label Focus Features will be releasing their films in theaters and on-demand, simultaneously.

5. Veteran VC Mike Volpi discusses investing and fundraising in ‘a very difficult time’

In an interview, Volpi talks about who is likely to snap shut their checkbook first — and why, in some cases, the best thing to do now is to keep the money flowing. (Extra Crunch membership required.)

6. SpaceX will launch Intelsat’s next satellite using a re-used Falcon 9 in 2022

Intelsat has tapped SpaceX for the launch of its Intelsat 40e spacecraft, a high-throughput communications satellite that will join the company’s existing geostationary network.

7. Uber suspends Uber Pool shared rides in the US and Canada to help limit coronavirus spread

Meanwhile, regular Uber on-demand rides for individual bookings, as well as Uber Eats delivery services, will still be operating as before. Uber did institute a new persistent in-app message for its ride-hailing app for riders, however, labeled “Flatten the Curve” and advising users to “travel only if necessary,” and to “exercise caution for your safety and the safety of our community.”

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

17 Mar 2020

Daily Crunch: Trump to propose $850B stimulus

President Trump is preparing a massive stimulus proposal, Amazon adjusts to COVID-19 and HashiCorp is now valued at more than $5 billion. Here’s your Daily Crunch for March 17, 2020.

1. Trump administration proposes $850B stimulus package to stabilize the economy

The Trump administration is heading to Congress to ask for an $850 billion stimulus package to stabilize an economy shaken by the dramatic response to the novel coronavirus. Citing multiple sources, stories in The Washington Post, The New York Times and CNBC report that Treasury Secretary Steven Mnuchin is presenting details to Senate Republicans later on Tuesday.

While the specifics of the planned stimulus package are limited, the White House is pushing for a payroll tax cut and another $50 billion in direct stimulus to help the airline industry, which has cratered as global quarantine rules have stymied air travel.

2. Amazon limiting shipments to certain types of products due to COVID-19 pandemic

Amazon’s “Fulfillment by Amazon” program — through which it provides warehousing and shipment services for products from third-party sellers — was well as its larger vendor shipment services are being partially suspended through April 5 due to the global coronavirus outbreak. This suspension will allow Amazon to prioritize shipment of “household staples, medical supplies and other high-demand products,” the company said.

3. HashiCorp soars above $5B valuation in new $175M venture round

HashiCorp’s suite of products helps everyone in the tech workforce, from IT admins to software developers, operate in the cloud (mostly) effortlessly and natively. The company’s products have long garnered rave reviews from technical teams, and now it’s looking at a brand new massive valuation.

4. NBCUniversal will break the theatrical window to release ‘The Invisible Man’ and other movies on-demand
With cities going on lockdown and movie theaters closing, NBCUniversal announced that its movie studio Universal Pictures and specialty label Focus Features will be releasing their films in theaters and on-demand, simultaneously.

5. Veteran VC Mike Volpi discusses investing and fundraising in ‘a very difficult time’

In an interview, Volpi talks about who is likely to snap shut their checkbook first — and why, in some cases, the best thing to do now is to keep the money flowing. (Extra Crunch membership required.)

6. SpaceX will launch Intelsat’s next satellite using a re-used Falcon 9 in 2022

Intelsat has tapped SpaceX for the launch of its Intelsat 40e spacecraft, a high-throughput communications satellite that will join the company’s existing geostationary network.

7. Uber suspends Uber Pool shared rides in the US and Canada to help limit coronavirus spread

Meanwhile, regular Uber on-demand rides for individual bookings, as well as Uber Eats delivery services, will still be operating as before. Uber did institute a new persistent in-app message for its ride-hailing app for riders, however, labeled “Flatten the Curve” and advising users to “travel only if necessary,” and to “exercise caution for your safety and the safety of our community.”

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

17 Mar 2020

Join General Catalyst’s Niko Bonatsos on a live WFH conference call tomorrow at 12pm PT

Coronavirus is spreading, work from home is the new open office layout and YC Demo Day just finished yesterday, completely online. There is huge change underway in the world these days, but one thing is not changing: the enthusiasm of VC investors for finding and backing the next great generation of founders.

We are hosting a special conference call tomorrow for our Extra Crunch subscribers with General Catalyst’s Niko Bonatsos, a managing director based out of the firm’s San Francisco office with interests in consumer, mobile and a variety of B2B sectors. Among his investments are 6D.ai, Atrium, ClassDojo, HubHaus, Livongo Health (which went public last year) and Sunflower Labs. He’s long been a backer of founders at the earliest stages of their journeys, and he has a particular passion for seed and early-stage investing.

Join us tomorrow, Wednesday March 18 at 12pm PT to join the call via Zoom. A link is included below.

We will have a moderated discussion on topics of interest to EC readers — how is the YC startup ecosystem changing this batch, what does the seed funding market look like, what is Niko investing in these days and what does he see as the rays of hope in a world otherwise impossibly dark and negative. Plus, of course, your questions — so come prepared!

If you aren’t able to join us, we will be posting a transcript of the call online on Extra Crunch.

17 Mar 2020

Join General Catalyst’s Niko Bonatsos on a live WFH conference call tomorrow at 12pm PT

Coronavirus is spreading, work from home is the new open office layout and YC Demo Day just finished yesterday, completely online. There is huge change underway in the world these days, but one thing is not changing: the enthusiasm of VC investors for finding and backing the next great generation of founders.

We are hosting a special conference call tomorrow for our Extra Crunch subscribers with General Catalyst’s Niko Bonatsos, a managing director based out of the firm’s San Francisco office with interests in consumer, mobile and a variety of B2B sectors. Among his investments are 6D.ai, Atrium, ClassDojo, HubHaus, Livongo Health (which went public last year) and Sunflower Labs. He’s long been a backer of founders at the earliest stages of their journeys, and he has a particular passion for seed and early-stage investing.

Join us tomorrow, Wednesday March 18 at 12pm PT to join the call via Zoom. A link is included below.

We will have a moderated discussion on topics of interest to EC readers — how is the YC startup ecosystem changing this batch, what does the seed funding market look like, what is Niko investing in these days and what does he see as the rays of hope in a world otherwise impossibly dark and negative. Plus, of course, your questions — so come prepared!

If you aren’t able to join us, we will be posting a transcript of the call online on Extra Crunch.

17 Mar 2020

DoorDash will offer financial assistance to delivery workers diagnosed with COVID-19 or quarantined

Food delivery startup DoorDash, which also runs operations for Caviar, has announced its plans to provide financial assistance to delivery workers who are diagnosed with COVID-19 or quarantined.

DoorDash workers in the U.S., Australia and Canada are eligible for up to two weeks of financial assistance if they get sick with COVID-19 or a public health agency places them under quarantine. The caveat is that workers must have been active on DoorDash for at least 60 days and have completed at least 30 deliveries in the last 30 days. The same goes for Caviar workers, who only operate in the U.S.

DoorDash says it is also shipping more than 1 million sets of hand sanitizer and gloves to its workers who are frequently interacting with customers. Additionally, the default method of delivery for DoorDash will now be no-contact, which means workers will leave the food at the customer’s door by default. Customers can still opt in to having the workers hand it directly to them, but workers can still initiate a no-contact delivery if that’s their preference.

DoorDash joins the likes of Uber, Instacart and Postmates, which have also taken some steps to help gig workers. Uber, for example, set up funds to support drivers who are infected or placed in quarantine by a public health authority. Instacart introduced a sick pay policy for in-store shoppers and extended pay for all shoppers, including independent contractors, who are affected by COVID-19. Similarly, Postmates has started offering two weeks of paid sick leave for people who test positive for the virus. These announcements come after gig workers have put pressure on companies and the government to ensure better protection for them during this pandemic.

Just yesterday, San Francisco announced a shelter-in-place order that legally requires people to stay home as much as possible unless it’s essential that they leave to do things like going to the grocery store, buying gas or going to the pharmacy. Gig workers, however, are perceived as essential. That means workers for Postmates, Instacart, DoorDash, and Uber Eats are still on the hook for delivering food to people, and rideshare drivers transporting passengers are at risk of contracting the virus.

Gig Workers Rising is also pushing legislators in California to immediately enforce AB 5, which would ensure workers have access to good health care, paid sick leave, disability leave and more. It’s worth noting that DoorDash is one of the companies that has spent millions of dollars to oppose AB 5. The ballot initiative put forth by DoorDash, Uber, Lyft and other gig companies is a direct response to the legalization of AB-5, the gig worker bill that will make it harder for the likes of Uber, Lyft, DoorDash and other gig economy companies to classify their workers as 1099 independent contractors.

Workers can find more info about DoorDash’s announcement here.

17 Mar 2020

DoorDash will offer financial assistance to delivery workers diagnosed with COVID-19 or quarantined

Food delivery startup DoorDash, which also runs operations for Caviar, has announced its plans to provide financial assistance to delivery workers who are diagnosed with COVID-19 or quarantined.

DoorDash workers in the U.S., Australia and Canada are eligible for up to two weeks of financial assistance if they get sick with COVID-19 or a public health agency places them under quarantine. The caveat is that workers must have been active on DoorDash for at least 60 days and have completed at least 30 deliveries in the last 30 days. The same goes for Caviar workers, who only operate in the U.S.

DoorDash says it is also shipping more than 1 million sets of hand sanitizer and gloves to its workers who are frequently interacting with customers. Additionally, the default method of delivery for DoorDash will now be no-contact, which means workers will leave the food at the customer’s door by default. Customers can still opt in to having the workers hand it directly to them, but workers can still initiate a no-contact delivery if that’s their preference.

DoorDash joins the likes of Uber, Instacart and Postmates, which have also taken some steps to help gig workers. Uber, for example, set up funds to support drivers who are infected or placed in quarantine by a public health authority. Instacart introduced a sick pay policy for in-store shoppers and extended pay for all shoppers, including independent contractors, who are affected by COVID-19. Similarly, Postmates has started offering two weeks of paid sick leave for people who test positive for the virus. These announcements come after gig workers have put pressure on companies and the government to ensure better protection for them during this pandemic.

Just yesterday, San Francisco announced a shelter-in-place order that legally requires people to stay home as much as possible unless it’s essential that they leave to do things like going to the grocery store, buying gas or going to the pharmacy. Gig workers, however, are perceived as essential. That means workers for Postmates, Instacart, DoorDash, and Uber Eats are still on the hook for delivering food to people, and rideshare drivers transporting passengers are at risk of contracting the virus.

Gig Workers Rising is also pushing legislators in California to immediately enforce AB 5, which would ensure workers have access to good health care, paid sick leave, disability leave and more. It’s worth noting that DoorDash is one of the companies that has spent millions of dollars to oppose AB 5. The ballot initiative put forth by DoorDash, Uber, Lyft and other gig companies is a direct response to the legalization of AB-5, the gig worker bill that will make it harder for the likes of Uber, Lyft, DoorDash and other gig economy companies to classify their workers as 1099 independent contractors.

Workers can find more info about DoorDash’s announcement here.