Covid-19 Daily News Updates – Download September 8, 2020

Covid-19 Daily News Updates brought to you by Skyline Entourage to support businesses during the Covid-19 pandemic. We know as business owners and marketers that working from home cam be hectic. This is meant to serve as another resource you can rely on from our team to help support you.

For your convenience we’ve prepared a downloadable PDF of Covid-19 Daily News Updates and headlines. You can download your copy that you can share with your team here. Click Here to Download a PDF version.

Federal News

• Great West Lifeco Inc, subsidiary Empower Retirement signed an agreement to buy the retirement services business of MassMutual Life Insurance Co, valued around $4.4 billion. Great West says the MassMutual retirement services business has 26,000 plans and 2.5 million participants.
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• Canadian prime minister Trudeau is extending loan programs for commercial landlords into September as small businesses struggle to reopen amid the pandemic. This is the third extension for the program as the government works through options for reforming rent-relief strategy.
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Provincial News

• Quebec based Cogeco Inc’s controlling family reiterates its rejection of a plan by Altice USA to acquire the business for $7.8 billion or $10.3 billion Canadian. A family representative said the family’s controlling shares are not for sale as Altice gave an unsolicited offer September 2nd.
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• Quebec plans to reinvest money acquired from COVID-19 health violation fines into projects to help victims of criminal acts. Justice minister, Jolin-Barrette announced $5 million to be paid to Fonds d’aide aux victims d’actes criminels. Call out for projects to be launched in coming weeks.
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USA News

• General motors Co said to acquire an 11% stake in U.S. electric maker Nikola Corp, worth about $2 billion. The companies are set to team up to make a pick-up truck powered by a battery-electric system and or fuel cell variant. Shares of Nikola soared more than 30% to $46.30 in pre-market.
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• Nasdaq futures dropped as traders coming back from long weekend sold off shares of Tesla and other tech heavyweights, along with simmering U.S.-China tensions and concerns of rocky economic rebound. Nasdaq closed Friday with the biggest weekly drop since height of pandemic.
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International News

• RyanAir has launched its first new bond sale in three years, offering investors €850 million worth of five-year bonds. The bond to price are for a yield of 3% after getting a demand of €4.4 billion from investors. It will pay a coupon of 2.875%.
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• Airlines group IAG said Tuesday it has obtained needed approval to continue flying if no free-trade deal is agreed between Britain and European Union. Last year, plans were submitted on ownership and control to respective national regulators which have been confirmed.
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