U.S. News

The Wall Street Journal reports that as states begin to loosen coronavirus restrictions, many companies are finding it nearly as difficult to be open for business as to be closed as new safety protocols raise the cost of doing business. Businesses are experimenting with various strategies to cope with tighter profit margins, including cutting back on staff and services and charging customers a coronavirus surcharge. WSJ

According to the Financial Times, companies are offering everything from cruise ships to airport operating rights as collateral for COVID-19 rescue deals. Secured debt deals, once relatively rare in the corporate bond market, have grown increasingly popular as creditors seek additional protection for risky lending, though investors note that the real value of such assets to creditors in the event of bankruptcy is extremely difficult to assess. FT