As healthcare workers risk their lives to treat patients amid the coronavirus pandemic, many organizations are providing much-needed support to the workers on the frontlines.
The Tunnel to Towers Foundation is not only raising money to provide essential protective equipment and meals for essential workers, but it also plans to offer mortgage relief for families of healthcare workers who lose their lives and leave behind young children.
The group launched the COVID-19 Heroes Fund, which has already raised over $4 million\.
Frank Siller, Tunnel to Towers chief executive officer, told Cheddar Wednesday,“The Tunnel to Towers Foundation will take over the mortgage for a period of time,” he said. “We are also buying all of the protective gear. The masks, the gowns and other things we are distributing from New York.”
Siller said the group has been distributing most of the protective gear and supplies to New York hospitals because the state is still grappling with the largest number of coronavirus cases across the country. The foundation is also providing meals for Emergency Medical Service workers and volunteers.
The Tunnels to Towers Foundation was founded in the aftermath of the 9/11 terror attacks in honor of Siller's younger brother Stephen, a New York City firefighter, who died that day. The organization raises money to help injured veterans and the families of fallen first responders.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.