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U.S. stocks slumped to a three-week low after Jerome Powell warned economic risks from the virus are significant and tensions with China flared. Treasuries and the dollar advanced.

Oil fell despite the first U.S. stockpile decline since January.

Illinois Gov. Jay “J.B.” Pritzker and the Illinois Department of Commerce and Economic Opportunity recently announced that $25 million in grant funding will be used to accelerate work on planned infrastructure projects.

The Federal Motor Carrier Safety Administration has again extended its emergency declaration relaxing hours-of-service rules for motor carriers that are providing direct assistance in support of coronavirus-related relief efforts.

The country’s transportation agencies would receive a funding boost in a coronavirus economic relief measure House Democrats unveiled May 12.

Uber Technologies Inc.’s offer to buy Grubhub Inc. antagonized officials in Washington and major U.S. cities, who already were taking steps to limit the fees companies charge restaurants and regulate their treatment of workers. If a deal between the companies proceeds, analysts said it is likely to face antitrust scrutiny.

Alameda County officials said May 12 they have agreed to allow Tesla to reopen as early as next week if the auto manufacturer agrees to certain safety conditions.

Federal Reserve Chair Jerome Powell warned May 13 of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.

The Commercial Vehicle Safety Alliance’s 2020 Operation Safe Driver Week will go on as scheduled July 12-18, the trade association representing roadside inspectors announced May 12.

Alameda County officials sent a letter to a top Tesla safety employee May 11 ordering the company to cease manufacturing at its Fremont, Calif., plant, the strongest step local government has taken to check the electric car maker’s defiance of health orders.