Hello!
My Insider Inc. colleagues and I are now all working from home, and I expect many of you are too. I will admit that so far that it's been an adjustment. With that in mind, I want to start the newsletter this week with advice from six of our senior editors who have worked remotely for years about how to do it productively.Â
I hope it's helpful. I should also note that cybersecurity experts are warning that hackers are targeting people now working from home amid the coronavirus outbreak. Be careful online.
Below is a breakdown of how the coronavirus is impacting the healthcare industry, markets, Wall Street and Big Law, Big Tech and Silicon Valley startups, cleantech, the advertising and media industry, and even space exploration.
But before that, I want to highlight some non-coronavirus related features from the past week that are worth your time:
Coming back to coronavirus, here are a couple of bullet points from across our coverage just to highlight how far-ranging of an impact the outbreak is having.
What coronavirus means for the healthcare system
Italy has quickly become one of the epicenters of the coronavirus pandemic, Lydia Ramsey reports. From her story:Â
In a conversation hosted by the Journal of the American Medical Association, Dr. Maurizio Cecconi, the head of the department of anesthesia and intensive care units at Humanitas Research Hospital in Milan, said Italy's situation began on February 20, when a patient in his 30s tested positive for COVID-19.
As of Friday, Italy had more than 15,000 infections and more than 1,000 deaths related to COVID-19.Â
You can read her story here:
Lydia's story from a week ago is continuing to attract lots of attention. If you missed it, you can read it here:
Elsewhere:
Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell of the trading session in New York Reuters
What it means for markets
The Global COVID Crisis (GCC), as JPMorgan referred to it in a research note this week, triggered a wild stretch for markets, including the fastest 20% drop in the Dow Jones Industrial Average in history and the Dow's worst single-day drop since 1987. Stocks on Friday then surged as policymakers stepped up their efforts to contain the economic damage of the outbreak.Â
Our investing team had lots of stories on how to navigate it all:
What it means for Wall Street firms and Big Law
Amazon's Jeff Bezos Reuters
What coronavirus means for Silicon Valley
Let's start with Big Tech:
And now for startups:
Silicon Valley's startups are facing the biggest crisis in a generation, Melia Russell and Megan Hernbroth reported. Here's what venture capital investors like Greycroft, Menlo Ventures, and Mayfield are telling founders they need to do to survive.The world has turned upside down since DoorDash filed for an IPO two weeks ago. CEO Tony Xu talked to Meghan Morris and Troy Wolverton about competition, coronavirus, and going public. Melia reported that Lux Capital, a top VC firm, is asking employees to log everywhere they go in case they catch the coronavirus, saying they have a "moral responsibility" to stem the spread.Megan reported that top VC firm Kleiner Perkins says it signed the first term sheet of the "work from home" era. Here's how it came together.Megan also reported that Y Combinator, Silicon Valley's most famous startup training program, scrapped its famous 'Demo Day' founder pitches and will instead make startups submit investor-friendly slidesWhat it means for renewables
Cleantech is one of our newer areas of coverage, and I couldn't be happier to have Benji Jones the leading the charge at a really interesting time for the industry. Here's what you need to know:
John Minchillo/AP
What it means for the advertising and media business
Lastly, coronavirus concerns have reached those planning to go to space. Dave Mosher reported that NASA is limiting access to astronauts scheduled to fly on SpaceX's first spaceship for people.
Stay safe.
-- Matt