Nearly nine months since the CARES Act became law, ensuring that an economic recession didn't become a depression, Congress is finally close to a successor bill.
Axios Re:Cap digs into the negotiations, and what took so long, with Rep. Josh Gottheimer (D-N.J.), co-chair of the bipartisan Problem Solver's Caucus, which has taken the lead in crafting new legislation.
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Royal Dutch Shell will shed up to 9,000 jobs as it undergoes a long-term restructuring around climate-friendly energy sources and continues to grapple with the coronavirus pandemic that has battered the oil industry.
Why it matters: The cuts could amount to over 10% of the company's global workforce, which was 83,000 at the end of 2019.
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