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Business and Economic News

Target, CVS Health join list of major retailers mandating masks

Target, CVS Health join list of major retailers mandating masks

Target, CVS Health and Publix Super Markets on Thursday joined the growing list of major retailers that will require customers to wear masks as cases of COVID-19 spike. Target's policy will go into effect Aug. 1., while CVS's rule will start Monday.  
by The Associated Press

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Minnesota unemployment fell to 8.6 percent in June

Minnesota unemployment fell to 8.6 percent in June

Minnesota's unemployment rate dropped last month as more businesses and restaurants began to reopen following the end of the stay-at-home order.
by MPR News Staff

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America went shopping for clothes again in June

America went shopping for clothes again in June

U.S. stores and restaurants got a boost in June as retail sales jumped 7.5 percent. Spending on clothes doubled. But this was before a new surge in the coronavirus prompted renewed shutdowns in some states.
by Alina Selyukh

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Number of laid-off workers seeking jobless aid stuck at 1.3M

Number of laid-off workers seeking jobless aid stuck at 1.3M

Unemployment remains painfully high in the U.S. even as economic activity slowly picks up. That reality will be on display Thursday morning when the U.S. government releases data on the number of laid off workers who sought unemployment benefits last week, as well as how retailers did in June.
by The Associated Press

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NPR radio ratings collapse as pandemic ends listeners' commutes

NPR radio ratings collapse as pandemic ends listeners' commutes

Because of the coronavirus pandemic, the public broadcaster lost about a quarter of its radio audience in the second quarter of 2020, compared with a year earlier. Even so, digital audiences surged.
by David Folkenflik

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Walz announces $100 million in COVID-19 housing aid

Walz announces $100 million in COVID-19 housing aid

The $100 million is the state’s single biggest designation of federal COVID-19 relief funds, along with $26 million previously designated for emergency homeless aid. 
by Kirsti Marohn

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3M developing paper-based coronavirus test that could give results in minutes

3M developing paper-based coronavirus test that could give results in minutes

Maplewood-based 3M says it is working with the Massachusetts Institute of Technology on a point-of-care test for the COVID-19 that could make diagnosing infections nearly as simple as a home pregnancy test.
by Tim Nelson

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