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VZ - Wall Street Breakfast: Economic Rescue Effort Continues
Verizon Communications Inc.
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The U.S. House of Representatives passed a $484B coronavirus aid package last night that will replenish funding for PPP loans and SBA disaster assistance, as well as grants to hospitals and COVID-19 testing. Treasury Secretary Steven Mnuchin will also require public companies deemed critical to national security that seek a share of $17B in virus-related relief to offer an equity stake to the government. For private companies, Mnuchin