Markets
COVID-19: 97 new cases, two deaths reported in Alberta on Saturday

Ryanair set to axe 3000 jobs as airline hit by coronavirus outbreak

Buffett's Berkshire Hathaway reports nearly $50 billion loss
An accounting rule requires Berkshire to report unrealized stock losses and gains with earnings. "As efforts to contain the spread of the Covid-19 pandemic accelerated in the second half of March and continued through April, most of our businesses were negatively affected, with the effects to date ranging from relatively minor to severe", the company said in a regulatory filing Saturday. [Full Article...]
Buffett’s Berkshire posts record net loss on Covid-19, operating profit rises

Buffett's Berkshire Hathaway posts record loss on coronavirus, but operating profit rises
On Saturday afternoon, Buffett plans to lead an abbreviated online version of Berkshire's annual meeting without any of the roughly 40,000 shareholders who typically attend. and Southwest Airlines Co.as airlines have been pummeled by travel restrictions and stay-at-home orders worldwide. Berkshire Hathaway Inc . said it lost $49.7 billion, or $30,653 per Class A share, during the first quarter. [Full Article...]
Lyft lays off almost 1,000 employees

Amazon sales soar during pandemic but added costs drag down profits

Trump 'confident' coronavirus may have originated in Chinese lab
The president's recent attacks on China line up with leaked Republican party memos, published by Politico, encouraging candidates to aggressively target Beijing in their public remarks on the pandemic . The Chinese state-backed Wuhan Institute of Virology has dismissed the allegations, and other officials in the United States have downplayed the idea. [Full Article...]