Here's what we are reading this morning:
An Ultra-Secret Battery Startup (backed by $500 million from Bill Gates, Silicon Valley venture capitalists, and VW) Hints That It’s Blown Past Tesla — But Won’t Show the Goods | Marker
No Job, Loads of Debt: Covid Upends Middle-Class Family Finances - WSJ
From theater closures to credit defaults, AMC's wild year | S&P Global Market Intelligence
Calculated Risk: MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.93%"
‘Tsunami’ of hotel closures is coming, experts warn
Laid-Off Workers Cut Spending, Hunt for Jobs as Extra Unemployment Benefits Run Out - WSJ
Inside Ed Rudisell's Pandemic Nightmare – Indianapolis Monthly
Brookfield Properties' retail arm is laying off 20% of its workforce
Ralph Lauren to cut workforce by 15% | Retail Dive
Senate Democrats Oppose Bankruptcy Bonus for Purdue Pharma CEO - WSJ
Illinois gets warning from S&P on coronavirus-driven perils to its investment grade rating | Bond Buyer
Hotels may have to lay off more employees amid COVID-19, per survey
CBRE’s Stephen Siegel on How COVID-19 Is Impacting Retail, Restaurants and I-Sales – Commercial Observer