July 28, 2020 Weekly Report

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Highlight of the Week

Senate Announces HEALS Act

  • The Senate has announced their second coronavirus stimulus package, the HEALS Act.
  • This act includes another $1,200 payment, and $200 weekly unemployment insurance, down from the $600 weekly in the CARES Act.

Rate Curves

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Rapid Report:

Abelian Brand Mark

Coronavirus updates (as of Monday night)

  • COVID-19 has registered 16.6 million cases and 657,502 deaths worldwide. There are over 10.2 million recovered cases.
  • The US has accounted for over 4.4 million cases and has surpassed 150,000 deaths. The US has registered 2.1 million recovered cases.
  • Georgia has almost 170,000 cases and 3,509 deaths.

Fintech Revolut Series D Round Ends with $5.5 Billion Valuation

  • Revolut is a startup mobile bank based out of London, which began by offering prepaid cards to help travelers avoid foreign exchange fees.
  • Revolut has recently expanded into the US, and has added business banking and cryptocurrency trading to its portfolio of products.

US Agrees to Buy COVID-19 Vaccine

  • With Pfizer beginning their final stage trials for their COVID-19 vaccine, the US has reached an agreement with the company to buy 100,000,000 doses once it is approved. The nearly $2 billion agreement also includes an option for the US to secure an additional 500,000,000 doses once they are available.
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