Happy Tuesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



a man and a woman wearing a suit and tie: On The Money: Pelosi, citing 'leverage' over Trump, holds strong to $2.2T in COVID-19 aid | McConnell to force vote on 'targeted' relief bill next week | Trump again asks court to shield tax records


© Greg Nash
On The Money: Pelosi, citing ‘leverage’ over Trump, holds strong to $2.2T in COVID-19 aid | McConnell to force vote on ‘targeted’ relief bill next week | Trump again asks court to shield tax records

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THE BIG DEAL-Pelosi, citing ‘leverage’ over Trump, holds strong to $2.2T in COVID-19 aid: Speaker Nancy Pelosi (D-Calif.) on Tuesday shot down entreaties from some Democrats to cut a $1.8 trillion

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  • Amazon’s Prime Day shopping event got underway Tuesday.
  • A workers’ union is worried Prime Day could worsen the spread of COVID-19 in the company’s Coventry, UK warehouse, which currently has up to 3,000 workers in it.
  • Eight workers have tested positive for the virus in the warehouse over the past two weeks, and other workers are waiting to hear results on tests, the GMB Union said.
  • “Amazon’s recklessness could turn Prime Day into a hive of infection,” Amanda Gearing, a GMB organizer told Business Insider.
  • Amazon said the union’s statement was “scaremongering and irresponsible.”
  • Visit Business Insider’s homepage for more stories.

A workers’ union is worried that Amazon’s Prime Day shopping event could cause a COVID-19 outbreak in one of the e-commerce giant’s UK warehouses.

GMB Union said in a press statement that at least eight workers at Amazon’s warehouse in Coventry, England had tested positive for the virus over

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Help is now available for small business owners who have taken an economic hit due to the COVID-19 pandemic.



Small Business Shopping on Black Friday in Buffalo


© Provided by WGRZ-TV Buffalo
Small Business Shopping on Black Friday in Buffalo

The Erie County Business Task Force and others were on hand Tuesday to announce details about the Erie County ‘Back to Business’ grant program. The money is available thanks to $20 million in CARES Act funding and business must have 50 or fewer employees to be eligible. 

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Priority will be given to those who have not yet gotten any COVID-related assistance, minority and women owned businesses, those in highly-distressed zip codes, those seeking to hire back laid off or furloughed workers and those businesses that have yet to reopen.

“We have all seen the devastating effects of the COVID-19 shutdown on our local economy. Minority-owned businesses in Highly Distressed areas have been especially hard-hit, and the

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JACKSONVILLE, Fla., Oct. 13, 2020 /PRNewswire/ — GuideWell Mutual Holding Corporation (GuideWell), the parent to a family of forward-thinking companies focused on transforming health care, announced 13 health-tech companies from across the nation will showcase solutions that address some of the major challenges of the current health pandemic today at the GuideWell COVID-19 Health Innovation Collaborative Showcase. A virtual substance abuse support system and an AI-powered COVID-19 symptom attestation platform are among the concepts and prototypes that will be featured.

All of the ideas focus on increasing the scope and scale of resources to reduce the complex stress factors COVID-19 is having on our country’s health care system. 

“Overcoming the health care challenges associated with COVID-19 requires out-of-the-box thinking from some of the brightest minds,” said Camille Harrison, senior vice president and chief operating officer of GuideWell Commercial Markets and GuideWell Innovation. “It is more imperative than ever

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Amazon’s annual two-day Prime Day sales event kicks off on Tuesday, Oct. 13 after the coronavirus pandemic delayed the event for months. 

For the more than 1.7 million small- and medium-sized businesses around the world that sell their products on Amazon, the massive annual shopping event could help provide a boost in a year that’s been racked with uncertainty as a result of Covid-19.

Prime Day, which dates back to 2015 and typically runs in mid-July, begins at midnight on Tuesday and runs through Oct. 14. During that time, the e-commerce giant could generate nearly $10 billion in global sales, according to an estimate from research company eMarketer.

Amazon doesn’t release specific revenue numbers around its Prime Day events, but the company said it sold more than 175 million items during last year’s Prime Day.

For the small businesses who sell their products on Amazon as third-party vendors, Prime Day

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For a nation reeling from the coronavirus, Donald Trump’s announcement, early Friday morning, Oct. 2, that he and first lady Melania TrumpMelania TrumpEric Trump falsely calls president’s coronavirus treatment a vaccine Trump rallies supporters at White House in first event since COVID-19 diagnosis Christie released from the hospital after COVID-19 diagnosis MORE had tested positive for the disease represented the perfect teachable moment.

On the one hand, it could not have come at a worse time. After a couple months of decline, over 20 states reported a daily increase in new COVID-19 cases. The NFL was forced to postpone several games. Many college campuses started classes, only to close weeks later, due to a resurgence of new cases. The death toll surpassed 200,000. With schools, restaurants, and businesses reopening, health experts warned of a fall resurgence.

On the other hand, Trump’s diagnosis came at just the right time. Assuming,

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Cancer patients who belong to the Black and Hispanic communities are more likely to be infected with coronavirus disease 2019, than white patients, according to findings from a study presented at the American Society of Clinical Oncology’s (ASCO) Quality Care Symposium, which took place virtually on October 9-10, 2020.

Robert S Miller, Medical Director for CancerLinQ, said in an official release: “Patients with cancer are, unfortunately, faced with balancing cancer treatments with the risk of developing Covid-19. This research, while preliminary, will hopefully help patients and providers understand who’s most at risk of Covid-19 and plan cancer treatment accordingly.”

For the study, the researchers used data from ASCO’s CancerLinQ (CLQ) Discovery database.

Also read: Pfizer modifies protocol for virus vaccine study

The researchers identified cancer patients, who had either a positive test for SARs-CoV-2 or a diagnosis code of Covid-19, from the electronic health records data of the CancerLinQ Discovery

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The coronavirus spread has suddenly spiked in the 12 states of the US. This sudden rise in the number of cases signal to the second wave of infection in the country.

According to the Business Insider analysis of data from The COVID Tracking Project, these 12 states struck seven-day rolling average case counts.

The states — Alaska, Colorado, Indiana, Kansas, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oregon, South Dakota, and Utah — recorded more new infections in the last seven days than they ever have in a one-week period, Science Alert reported.

The country has reported over 50,000 new cases each day for the last four days. This is the highest rate of infection reported since mid-August.

Another analysis by the New York Times stated that case counts are high – with a seven-day daily average of at least 15 new cases per 100,000 people — in 26 states. Daily

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  • UK unemployment jumped to its highest rate in over three years, rising to 4.5% in the three months to August.
  • Nearly 3 million people claimed jobless benefits in September, according to data released by the Office for National Statistics.
  • The jobs data was worse than the 4.3% rise economists had expected.
  • The situation could deteriorate after the British government announced a new system of local lockdowns, introducing a three-tiered system of rules as infections surge across the country and a furlough program is set to expire later this month.
  • Visit Business Insider’s homepage for more stories.

UK unemployment rose to a three-year high of 4.5% in the three months to August, from 4.1% in July, according to data released by the Office of National Statistics on Tuesday. 

The number of people claiming jobless benefits rose to 2.7 million in September – an increase of

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A few weeks after the COVID-19 related disruptions began, small businesses bore the brunt almost instantly. Many saw the sharpest falls in sales and near-negligible cash flows. “I know of many small businesses who have piles of unsold inventory. Even though the economy has opened up, people still aren’t buying,” says Krithika Ramesh, a lifestyle blogger who works closely with small businesses.

People who lost their jobs have also started small businesses to sustain themselves, even as many others were forced to shut shop. All this has made it more important than ever before to drive the discussion to support small businesses .

In June, actor Priyanka Chopra Jonas took to social media to share profiles of small businesses run by inspiring women. In a video she asked her fans to follow these small businesses and, if possible, buy from them. She said this was a small step to lend

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