Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.

On Saturday President Donald Trump signed executive orders and memorandums halt residential evictions, provide $400 weekly enhanced unemployment benefits, defer payroll taxes, and extend student loan relief until the end of the year.

This came after unfruitful negotiations between Democratic and Republican leaders on Friday for a broad stimulus bill, which would have included a second round of stimulus checks and enhanced unemployment benefits to help Americans cope with the pandemic.

But on Monday Treasury Secretary Steven Mnuchin appeared on CNBC and told viewers that the White House is still open to a stimulus bill that includes stimulus checks, another round of forgivable PPP loans, and money for schools and hospitals.

“We’re prepared to put more money on the table,” Mnuchin said Monday on CNBC. “Again, if we can get a fair deal we’re willing to do it this week.”

What’s holding up the $1,200 stimulus checks–which both parties support—and a broader stimulus bill? Simply put: Democrats haven’t come down enough in their asking price for the stimulus bill, and Republicans haven’t come up enough.

“It was …

You could practically see Elon Musk smile. On July 1, after an impressive rally of its stock price, Tesla—the 17-year-old electric-car company for which Musk serves as CEO—became the world’s most valuable automaker, worth an eye-watering $209 billion. Barely a month later, it’s worth $279 billion—more than quadruple the combined value of American icons General Motors and Ford Motor, even though the California company sold just 4% of the vehicles the Detroit duo did last year.

How substantial must Tesla’s actual sales be to meet its investors’ outsize expectations? We asked Joe Osha, a JMP Securities analyst who specializes in energy and industrial tech—and a frequent Tesla bull—to show his math. By his calculation Tesla needs to sell 2.5 million vehicles per year, or almost seven times what it managed last year, by 2025 to justify its lofty valuation.

Read more: An electric revolution is coming for American trucking

How did Osha arrive at that number? The analyst estimates that the global EV market—of which Tesla controls nearly a third today—will represent 6 million vehicles per year by 2025, or about 8% of the total global vehicle market. If a substantial share of the EV market goes …

In a time of social distancing and remote work, Goldman Sachs CEO David Solomon raised a surprising topic during his latest earnings call with Wall Street analysts: togetherness. “Our firm has always had a team-oriented apprenticeship culture, and we benefit from being and working together,” he explained. While many CEOs seem in no hurry to refill their office buildings, and several have told employees they need never return to the office, Solomon made it clear that he wants his colleagues back in the office as soon as is safely possible. He himself has never stopped going to the office through the pandemic.

Solomon’s desire to bring his employees back together physically even as the coronavirus continues to rage around the globe, particularly in the U.S., isn’t rooted in any simple calculation of efficiency. Facebook, Fujitsu, Nationwide, Otis, Siemens, Twitter, and other major companies have announced that large portions of their workforces may or must work remotely from now on. It saves money and may increase productivity, managers say. Many employees prefer it. A recent survey by Korn Ferry found that 64% of workers feel that they’re more productive at home.  

But a group of …