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Stock impact report

FDA greenlights first coronavirus test with at-home sample, Trump targets immigration [CNBC]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: CNBC
This is CNBC's live blog covering all the latest news on the coronavirus outbreak . All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. The data above was compiled by Johns Hopkins University. Macy's is taking extreme measures to avoid dire outcomes like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis, according to people familiar with the matter. The country's largest department store is looking at raising as much as $5 billion in debt, the people said. It will seek to use its inventory as collateral to raise $3 billion and real estate to raise $1 billion to $2 billion, they said. It is not planning to pledge its prime Herald Square location in New York as part of the deal, one of the people said. The retailer earlier this year retained investment bank Lazard to help shore up its balance sheet. — Lauren Hirsch Start-ups in telehealth, fitness and remote work are seeing record growth now that Show less Read more
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