Hi there,

Happy Monday! Here's what we're watching in business and tech news this week: 

• Netflix is expected to disclose a jump in quarterly revenue as it reports earnings on Tuesday. Netflix has seen thriving demand amid the Covid-19 pandemic, but some fear unemployment and a recession will hit demand in quarters to come. Other companies reporting this week include: AT&T, Snap, Delta Airlines, Southwest Airlines, Intel, Verizon, Unilever, and Kering S.A. We cover how tech leaders like Netflix have navigated crisis and disruption here.
   

• Look for Congress to approve a new tranche of funding for the small business loan program as early as Tuesday. The new agreement will reportedly include an additional $310B for small businesses, as well as $75B for hospitals and $25B to expand testing. The $350B Paycheck Protection Program, part of last month’s emergency stimulus package, was depleted in less than 2 weeks.
   

• Amazon could reopen its 6 warehouses in France this week. The e-commerce giant shut sites after a French court ordered it to temporarily stop shipping non-essential goods due to concerns over worker protection. A court appeal is due Tuesday.
   

• Neiman Marcus is reportedly filing for bankruptcy as early as this week. This marks the first major US department store operator to do so amid the coronavirus-related economic shutdown, according to Reuters. The retail industry already faced significant stress before Covid-19 — take a look at our timeline of the retail apocalypse here.

Hit me like a tidal wave

Covid-19 is proving disastrous for startups looking to raise capital.

We take a look at how the coronavirus outbreak is impacting first fundings to startups in tech hubs here.

The apple of my eye

Apple’s been on a buying spree this year, snapping up weather app Dark Sky and AI startup Xnor.ai, among others. 

Check out its 10 largest acquisitions in our infographic.

Ensuring efficiency in insurance 
 

Covid-19 is having an uneven impact on P&C claims management. 

Expert Intelligence clients can see how the outbreak is affecting P&C, as well as 40+ startups driving digitization in the industry, here.

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