Stacy Rotner and GratiFoodNYC have donated over 3,000 meals since April.

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In early April, Stacy Rotner launched GratiFoodNYC, a grassroots initiative dedicated to sending gratitude through food. Rotner’s first goal was to send meals to the frontline emergency and ICU department teams of doctors, nurses and staff at New York City hospitals.

After sharing her idea on Facebook, Rotner received nearly $20,000 in one week through her GratiFoodNYC Venmo account. In under four weeks, Rotner had raised more than $65,000.

“Donations came from family, friends, colleagues and strangers from all over New York and around the country, and as far as Madrid and Tel Aviv,” she told Jessica Abo over Zoom. She donated 200 meals during her first week and 500 meals the following week. As of May 11th, she has donated more than 3,000 meals to more than 12 NYC hospitals in Manhattan, Queens and the Bronx.

Now, Rotner wants to help more people. She created a partnership with New York Common Pantry, so donations raised going forward can address food

On March 23 the S&P 500 closed down nearly 34% from all-time highs seen just the month before. It was the fastest 30% bear market from all-time highs in stock market history.

Then without warning the market snapped back in a big way, rising nearly 18% in just three days and 31% through the close this past Monday.

The swift decline in stocks was painful but understandable. The virus closed off most of the economy on the spot in March. Nothing like this had ever happened before.

The snapback rally is more of a head scratcher for most investors. How could stocks continue rallying in the face of the worst economic data since the Great Depression? Tens of millions are unemployed. Thousands of businesses are gone. Many more will follow.

One explanation would be the 34% drop from late-February through late-March was pricing in those economic numbers. The simplest explanation would be the trillions of dollars of support from both the federal government and Federal Reserve. This was the fastest, sharpest bear market in history but also the fastest, biggest stimulus package ever assembled.

There is, however, a third possibility. Many of history’s great crashes have exhibited head-fake rallies that …

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When Kristin Peck became CEO of Zoetis in January, the animal health company was growing rapidly, thanks in part to steady growth in spending on pets. Just a few weeks later, coronavirus lockdowns turned the global economy upside down. But they also prompted Americans to adopt pets in record numbers, enabling Zoetis and Peck to face their first big crisis with what you might call a tailwind.

Zoetis, which makes medicines, vaccines, and other products, was spun off from Pfizer in 2013 and joined the Fortune 500 in 2019. It’s the market-share leader in “companion” animal health, with 22% of the market, and in several livestock categories too. With the pandemic doing only minor damage so far to commercial livestock or pet spending, Zoetis’s business has held up relatively well. The company’s stock is down roughly 5% this year, while the S&P 500 has fallen more than 9%.

The drugmaker has an “incredibly diversified business,” says James Tierney, chief investment officer of concentrated U.S. growth at AllianceBernstein. Its portfolio is split roughly 50/50 between companion and …

On Easter Sunday, the lockdown was weighing heavily on Pope Francis. There were no throngs of pilgrims below his window in Saint Peter’s Square, no visible celebration of any kind to be found inside the walls of Vatican City.

The pope’s mind was far from all that, anyhow. Frustrated by the slow-footed response of governments around the world to help the out-of-work survive the coronavirus pandemic, the pontiff sat down and drafted a letter. He wanted to rouse the spirits of the global army of grassroots activists who’d been mobilizing to manage the food banks and soup kitchens that are overflowing these days. Such a letter was hardly extraordinary for Francis, a pope who’s put social justice at the forefront of his papacy. But what he called for surprised economists.

Now, he wrote, is the time for a kind of universal basic income (UBI) scheme. His words seemed carefully chosen, as if he were singling out the gig economy.

“You who are informal, working on your own or in the grassroots economy, you have no steady income to get you through this hard time … and the lockdowns are becoming unbearable,” he wrote. “This may be the time to …

Social news site Reddit announced on Thursday it will let users earn cryptocurrency by contributing content and participating in discussions on the service. Many in the crypto world hailed the news as a major milestone, pointing to the hundreds of millions of Reddit users who could potentially embrace digital currency.

The actual impact of Reddit’s move is likely to be muted, however, owing to how the site is awarding the cryptocurrency, and the ongoing regulatory scrutiny of crypto.

As it turns out, Reddit will offer digital currency on only two of its many “sub-Reddits”—the site’s discussion forums devoted to specific topics. The first of these, unsurprisingly, is a sub-Reddit for cryptocurrency, while the other is dedicated to chatter about the online game Fortnite.

Contributors to the sites will receive one of two currencies Reddit has minted (known as Moon and Brick) and which it will track on a popular blockchain called Ethereum—a digital ledger technology similar to Bitcoin. Unlike Bitcoin, however, the new currencies can only be spent on Reddit to acquire badges and other trinkets and can’t be used as a form of money more broadly.

This may ensure Reddit stays in the good graces of financial regulators, …