U.S. states are creating separate and growing confederations to set common policies on coronavirus tests, tracking patients and setting standards for resuming social and economic life.

California Governor Gavin Newsom on Tuesday laid out rough benchmarks for reopening his state’s economy — and radically reshaping daily life — as he tried to bring other states into his West Coast coalition to fight the new coronavirus. The move came as New York Governor Andrew Cuomo, who has marshaled seven Northeastern states, sparred with President Donald Trump over who has final authority to lift stay-home orders and restart the U.S. economy. And in the Midwest, another group of states is considering its own unified effort.

The remarkable ad hoc efforts, while more concrete than any plans publicly advanced by the federal government, also raised the possibility of a nation split into discrete regions, with their own standards and timelines for easing stay-at-home orders. That could hamper the larger fight against a virus that has already killed more than 25,000 Americans, as experts warn that lifting restrictions too soon would risk another surge of infections.

“It would not be appropriate if a state says, ‘We need to be taking restraints off,’ …

Statistics report around 75 percent of venture-based startups fail, so make sure you can answer these three questions before getting into business.


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Opinions expressed by Entrepreneur contributors are their own.


The U.S. has the largest tech market in the world. There’s lots of room for astute entrepreneurship, but the competitive nature of the industry doesn’t leave space for boundless growth, especially as the economy continues to oscillate. Now more than ever, it’s important to be smart about entrepreneurship. As academic director of Columbia University’s Executive MS in Technology Management (EMSTM) program, I always recommend my students come to the table with a well-thought-out, long-term business plan. Now that we’re dealing with an unprecedented economic situation, I insist all entrepreneurs do the same.

Harvard Business School reports that 75 percent of venture-based startups fail, indicating that too many people are jumping into the game unprepared. The venture landscape will be vastly different after the markets stabilize. What won’t change, however, is the fact that you will need to be prepared for anything. If you’re a tech executive thinking about seeking capital for a future idea, ask yourself these three questions before you begin:

Take a look at some of the biggest movers in the premarket:

UnitedHealth Group – The health insurer beat estimates by 9 cents with adjusted quarterly profit of $3.72 per share, with revenue also above estimates on strength across all its businesses. The company also maintained its prior full year outlook, although it said it would continue to evaluate the impact of the Covid-19 pandemic.

Goldman Sachs – The investment bank reported quarterly earnings of $3.11 per share, missing the consensus estimate of $3.35, although revenue exceeded analyst projections. Goldman increased its reserve for credit losses to $937 million compared to $224 million a year ago.

Bank of America – Bank of America earned 40 cents per share for the first quarter, 6 cents below estimates, with revenue in line with Wall Street forecasts. Overall profit was down by nearly half compared to a year ago, with $3.7 billion being added to loan loss reserves. The bank did say its liquidity position was very strong, with nearly $700 billion in global liquidity.

United Airlines, American Airlines, Delta Air Lines, Southwest, JetBlue – These and other airline stocks are on watch, after the industry and the Trump

Donald Trump just saved OPEC from the worst oil price war in history by offering cuts in U.S. production he didn’t have to make—because the coronavirus outbreak already forced even bigger cutbacks. It wasn’t the first time this master of illusion landed a big deal by giving little or nothing.

In 1994, Donald Trump, his empire collapsing under crushing debt, was breakfasting at his Plaza Hotel with a group of investors from Hong Kong keen to purchase the French renaissance landmark, then on the brink of foreclosure. Also present was Barbara Corcoran, founder of real estate brokerage firm the Corcoran Group, and now a star of CNBC’s “Shark Tank.” Corcoran recounts that Trump barely mentioned the Plaza, and began touting an empty 77-acre tract along on the Upper West Side called Riverside South––a property Trump was about to lose to lender Chase Manhattan––as “the greatest piece of land in the world,” and the perfect Manhattan trophy.

Trump’s pitch was so magnetically irresistible that within weeks the Hong Kong contingent bought Riverside South, a place they’d never heard of before meeting the Donald, and handed Trump 30% ownership in exchange for a relatively small cash contribution. Trump eventually parlayed his stake …

President Donald Trump said he’s tapping the country’s most prominent business executives, including Jamie Dimon, Tim Cook and Doug McMillon, to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.

“They’re going to give us some ideas,” Trump said Tuesday at a briefing in the Rose Garden, where he unveiled a sprawling list of dozens of CEOs from industries ranging from agriculture to defense. He said the leaders would participate in “economic revival” groups, but didn’t elaborate on how they may shape the administration’s policies.

In addition to JPMorgan Chase & Co.’s Dimon, Trump’s list included a slate of executives from Wall Street: Stephen Schwarzman of Blackstone Group Inc.; Brian Moynihan of Bank of America Corp.; David Solomon of Goldman Sachs Group Inc.; James Gorman of Morgan Stanley; Michael Corbat of Citigroup Inc.; and Charles Scharf of Wells Fargo & Co.

And in addition to Walmart Inc.’s McMillon, and Apple Inc.’s Cook, Trump’s list included: Darren Woods of Exxon Mobil Corp.; Satya Nadella of Microsoft Corp.; He also cited John Malone of Liberty Media Corp.; Fred Smith of FedEx Corp.; Oscar Munoz of United Airlines Inc.; Juan Luciano of Archer-Daniels-Midland …