PPG Announces Acquisition Of Ennis-Flint – Quick Facts

Nearly one-third of NY, NJ small businesses reportedly closed in 2020

NYC restaurant requiring diners to take $50 COVID-19 rapid test

City Winery founder and CEO Michael Dorf explains the rationale behind his pilot testing.

Nearly one-third of small businesses in New York and New Jersey have closed because of the coronavirus pandemic, according to TrackTheRecovery.org.

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“It’s really bad,” Eileen Kean, New Jersey state director of the National Federation of Independent Businesses said. “And without federal dollars coming into New Jersey, the Main Street stores and other establishments are not gonna make it through the winter.”

As of Nov. 16, 27.8 percent of small businesses in New York shut down for good – and in New Jersey the figure is 31.2 percent.

The stats are in line with the national average at 29.8 percent, The Hill reported.

During the first wave in spring, 52.5 percent of New York businesses and 53.9 percent in New Jersey closed.

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The number of new COVID-19 cases reported in the United States topped 200,000 for the first time Friday, according to data from Johns Hopkins University. Since January, when the first infections were reported in the U.S., the nation’s total number of cases has surpassed 13 million. More than 265,000 people have died.

Biden May Name Anthony Blinken As Secretary Of State

President-elect Joe Biden is expected to nominate his experienced adviser Antony Blinken as Secretary of State, US media reported quoting people familiar with the matter.

Blinken, who served at the state department and as deputy national security adviser in Barack Obama’s administration, has been the foreign policy advisor to Biden’s presidential campaign.

Biden’s White House chief of staff nominee Ron Klain said Biden will announce key posts in his Cabinet Tuesday.

It has also been reported that Jake Sullivan, who was one of Hillary Clinton’s closest aides, is the likely pick for national security adviser.

Reports also say that Linda Thomas-Greenfield will be named the United States’ new ambassador to the United Nations.

Meanwhile, a judge in Pennsylvania refused President Donald Trump’s request to invalidate millions of postal votes cast in the state. Many Republicans called on Trump to concede defeat.

Former New Jersey Governor Chris Christie, who is a close Trump ally, said on ABC News’ “This Week,” that Trump’s personal lawyer Rudy Giuliani is a “national embarrassment.”

Maryland Governor Larry Hogan told CNN that Trump camp’s attempts to annul the election results were “beginning to look like we’re a banana republic”. Trump should “stop golfing and concede,” he said on Twitter.

Covid-19 Misery May Spread to Competition, U.K. Watchdog Warns

The Covid-19 pandemic is set to deliver a blow to competition as businesses close and customers shop around less, Britain’s antitrust authority warned.

In what it calls a “first-of-its-kind analysis” on how well competition is working across the U.K. economy, the Competition and Markets Authority said that regulators and lawmakers need to be on high alert as markets come “under strain.”

“Our findings suggest a need for vigilance -– by the CMA and by government –- to ensure competition is not weakened because of the effects of coronavirus,” Mike Walker, the CMA’s Chief Economic Adviser, said in a statement.

Around 40% of consumers are shopping around less, particularly those more vulnerable to the pandemic, such as the elderly. The regulator said at this point, it’s not sure whether the U.K. will see a return to pre-pandemic behavior in the future.

While there has been no spike in business closures so far, 40% of companies have postponed or reduced expansion plans and the overall business population shrank in the second quarter for the first time in three years.

— With assistance by Aoife White

Swedish Government Says Vaccine Won’t Make Pandemic Go Away: DN

Sweden’s government expects the pandemic to continue through 2021 even if vaccines become available, according to Dagens Nyheter.

“The pandemic will not go away just because we get a vaccine,” Elisabeth Backteman, the government’s crisis coordinator, said in aninterview with the newspaper.

Sweden’s Covid-planning stretches into the spring of 2022, according to internal planning documents seen by DN.

The documents show that the government is open to the possibility of adding more restrictions, including quarantine-like measures, to stop regional cluster infections. Sweden is also looking into a pandemic bill, which may be passed by the summer of 2021 at the latest. Such legislation would allow the government to force restaurants and shops to close, DN said.

The report seen by DN lists the heightened risk of bankruptcies, rising unemployment and increased segregation following a resurgence of the virus. What’s more, Sweden’s defense capability might be affected by a severe outbreak, which could lead to “vulnerabilities that are exploited by foreign powers,” DN said.

PPG Announces Acquisition Of Ennis-Flint – Quick Facts

PPG (PPG) has agreed to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The deal is valued at approximately $1.15 billion.

Headquartered in Greensboro, North Carolina, Ennis-Flint supplies a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems from a network of manufacturing facilities within the United States, Europe, South America, and Asia.

“The acquisition of Ennis-Flint will further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions,” said Michael McGarry, CEO.