President Donald Trump has said the economy will take off like a rocket when the COVID-19 pandemic and social distancing ends.The Congressional Budget Office predicts the unemployment rate will still be at 9% at the end of 2021.Historically, high unemployment rates during recessions and pandemics have taken a long time to come back down to full employment levels.Visit Business Insider's homepage for more stories.Following is a transcript of the video.Narrator: If you watch President Trump's daily briefings, you might think everything will immediately go back to normal when social distancing is no longer necessary.President Trump: And you will see our economy skyrocket.Narrator: But Congress' own budget office thinks things will be pretty bleak for much longer. At the beginning of April, the

Private equity giants like KKR, the Carlyle group and others are interested in acquiring a controlling stake in JB Chemicals, a little-known pharma company in India.Although JB Chemicals is a small player in the Indian pharma industry, it has built four strong brands and has market leadership in three of them, which has resulted in industry-beating growth.Some of the popular brands that JB Chemicals owns include Metrogyl, Rantac, Cilacar and Nicardia – driving 80-85% of the company’s India formulations revenue.JB Chemicals, a little-known pharma company in India with a market capitalization of ₹4,600 crore is reportedly on the radar of private equity giants around the world. This has sent the stock to an all-time high of ₹621 in intra-day trade.JB Chemicals is a relatively small player when

In April, Franklin Templeton India shut down six debt funds, locking in ₹30,800 crore of investor wealth after a surge in redemptions.Explaining the reason behind this, Franklin Templeton CEO Jennifer M Johnson said that this is a liquidity issue and not a solvency issue.Franklin Templeton India’s assets under management (AUM) declined by almost 43% – from $7 billion to $4 billion.Franklin Templeton India, one of the oldest asset management companies (AMC) in the country, decided to wind down six debt funds amounting to ₹30,800 crore in investor wealth. Now, in an earnings call, Franklin Templeton President and CEO Jennifer M Johnson has explained what exactly went wrong with its India business.“We're doing everything we can for those shareholders, to make sure they get all their money back.

The Premier League is even more cosmopolitan with the arrival of Wolves, Cardiff and Fulham. That's because the men bankrolling the three new additions are from China, America and Malaysia.

LAURIE WHITWELL AT PRIDE PARK: Southgate shunned the Champions League in favour of the Championship on Tuesday night but was rewarded with a vibrant display by 19-year-old Mason Mount.

ADAM SHERGOLD AT THE VITALITY STADIUM: Wilson rose from the bench to spare Bournemouth’s blushes after they chucked away a two-goal lead against Blackburn.

Wolverhampton Wanderers have received plenty of deserved plaudits on their return to the top flight, with some going as far as to call them the best newly promoted side in Premier League history.

The Premier League of 1992-93 - the first season after the split from the Football League - feels a world away from the glitz and sheen of today. Just look at the kits, for example. 

NEIL POINTON AT EWOOD PARK: Pukki was Norwich City's hero yet again as he swept home a late winner to send the Canaries flying to the top of the Championship on Saturday night.

Britain has always been home to some of the most physical and aggressive matches in football and reckless challenges have therefore been a part of the Premier League's 27-year history.

Che Adams, Teemu Pukki and Billy Sharp have been named as the three players who will contest for the award while a number of other EFL awards and shortlists have been revealed.

Southampton got off to the perfect start at Watford on Tuesday when Shane Long fired them ahead after just seven seconds. Sportsmail takes a look at the Premier League's top-10 quickest ever strikes...

TOM FARMERY AT CARROW ROAD: If Norwich fans knew it would end like this then there would never have been any early season angst when it didn’t seem to be going their way.

Here Sportsmail identifies some of the stand-out players from the Championship who could yet be plying their trade in the Premier League next season.

Throughout the day, Sportsmail will bring you all the latest transfer news from the top flight, the Football League and all across Europe.

Spectacular scenes unfolded in the semi-finals of the Malaysia FA Cup, after the most bizarre of late goals hit the back of the net during Pahang's victory over visiting Perak.

Former Blackburn defender Gael Givet has revealed Sam Allardyce showed his players the films Gladiator and 300 before a humiliating 7-1 defeat by Manchester United in November 2010. 

The model, 27, admitted that they are going 'through hell at the minute' as Primrose is suffering from 'stomach problems' and has had six hospital appointments.

The doting dad, 31, shared an update with his fans on Thursday night explaining that his one-month-old daughter Primrose Ivy was poorly again and he was 'praying for answers'.

She was just days away from reaching the final of I'm A Celebrity... Get Me Out Of Here! Australia.

The reality star was keen to show the results of her gruelling work out regime when she stepped out for a night on the town with Harley Brash in Manchester on Sunday

The former Geordie Shore star, 32, discusses embracing her figure, her cheating ex fiancé and moving on from her year from hell.

The beauty, 30, shared her natural curls with fans for the first time on Tuesday with a stunning Instagram selfie shared while in self-isolation

Posing in a plunging nude number with her hair in a half-up, half-down style, Chloe, 24, stunned fans, who swarmed the post to comment on the likeness.

Government officials and business leaders to begin thinking about how to re-open the US economy. But many operating procedures in place before the outbreak are unlikely to return back to normal - at least in the near-term. Cisco, for example, is weighing whether to place employees into two "teams" and tier which cohort can be in the office working at a certain time - effectively continuing some of the social distancing guidelines currently in place.The tech giant also plans on continuing a halt on business travel, according to Chief Operating Officer Irving Tan.Visit Business Insider's homepage for more stories.The sudden pivot to remote work led to a few chaotic weeks as companies scrambled to make the necessary adjustments. But as corporations begin to settle into the new normal - or at

Fort Lauderdale pub Hott Leggz is generally covered in dollar bills.However, after the coronavirus pandemic forced the bar to pivot to only takeout, 22 staff members were laid off.The co-owners took the cash off the walls and donated them to the laidoff staff - around $10,000 in total."We always had an inside joke, 'If anything goes bad, at least we have the money on the wall,'" co-owner Juliana Sodre told Business Insider. "This is the worst case scenario."Visit Business Insider's homepage for more stories.Normally, the walls of Hott Leggz are papered with thousands of dollar bills.But customers coming in for takeout at the pub in Fort Lauderdale, Florida, are now greeted with the sight of a surprisingly sparse interior.That's because, as Phillip Valys first reported for the South Florida

Chantal Heijnen for DuolingoLuis Von Ahn is the CEO and cofounder of Duolingo.Millions of people across the world are practicing social distancing or are in quarantine right now due to the novel coronavirus pandemic.To pass the time, many people have taken up a new language, data from language learning company Duolingo shows. From March 9 to March 30, the number of new users of Duolingo jumped by 148% in the US.The top five language courses include German, French, and Spanish.Visit Business Insider's homepage for more stories.The novel coronavirus pandemic has forced millions into self-quarantine, leaving many with a lot more time on their hands. And a lot of people are using this time to learn a new language.Language learning company Duolingo, known for its free game-like website and app,

The global outbreak of the novel coronavirus, which causes a disease known as COVID-19, is causing panic and anxiety worldwide.Top executives, like Alphabet CEO Sundar Pichai, for example, are recognizing the toll the pandemic is taking on employees. In an interview with Business Insider, licensed clinical psychologist Ramani Durvasula said that in addition to seeking professional help, listening to mental-health podcasts can be a great way to address stress over the pandemic. Here are five highly rated mental-health podcasts that address anxiety around the novel coronavirus, including "The Calmer You Podcast" and "Your Anxiety Toolkit."If you're struggling, call the SAMHSA National Helpline, 1-800-662-HELP (4357), or reach out to the Crisis Text Line by texting HOME to 741741. Visit Business

At least two hospitals in California have suspended nurses for calling out inadequate access to protective gear such as airborne-resistant masks. Nurses at these hospitals - Providence Saint John's in Santa Monica and West Hills Hospital in Los Angeles - said there aren't enough caregivers to treat coronavirus patients.Nearly 90,000 volunteer nurses and healthcare workers have signed up to help short-staffed California hospitals, but the state hasn't deployed any of them yet.If you are a nurse in a short-staffed hospital, email aakhtar@businessinsider.com. Visit Business Insider's homepage for more stories.Jacob Childs used to work alongside his brother as registered nurses in the designated coronavirus floor at Providence Saint John's Health Center in Santa Monica, California - until his

Rose cancelled a scheduled interview on Tuesday and has also withdrawn from Wednesday's pre-tournament pro-am.

The major, which had been due to take place in TPC Harding Park in San Francisco from May 11-17, has been rescheduled for later this summer, organisers announced on Tuesday evening.

DEREK LAWRENSON: An extraordinary three-week run in September could include the BMW PGA Championship at Wentworth, the Open at Royal St George's and the Ryder Cup in Wisconsin.

Morgan Overholt is the founder and owner of Morgan Media LLC, a graphic design agency.Despite the unforeseen circumstances of the pandemic, her small business was ready to continue operating and functioning at full force.Her employees and clients were already accustomed to remote work, so shelter-in-place policies haven't greatly affected her, and she relies on other freelancers for work so she can scale her team to fit business needs.She advises other small businesses looking to pandemic-proof their companies lean on remote tools, get good at finding clients online, diversify their income streams, and keep their operations agile and lean.Click here for more BI Prime stories.Of the many challenges I expected to face when I quit my normal 9-to-5 job to launch a freelance graphic design agency

Westend61/Getty ImagesBreak your long-term goal into bite-sized tasks.If your have some extra time, consider investing in your career development.Experts advise taking online courses and volunteering virtually to help a cause you care about.It's also wise to get your job-search materials in order, so that you won't be scrambling if you wind up needing them.Click here for more BI Prime stories.In the era of social isolation, a lot of people have some extra time on their hands.That could be simply because they're no longer commuting to an office or meeting up with friends at restaurants. The cause could also be more distressing: They're among the millions of Americans who have lost their jobs in the last few weeks or their work hours have been reduced.Let's be clear. In the short term, losing

Mark Dellas PhotographyErika Brason.Companies shut down by the pandemic have had to come up with alternative revenue streams, including Rebel Ride, a local fitness studio in East Amherst, New York. Owner Erika Brason decided to make the studio's classes virtual and rent out her equipment. Renting out 59 bikes for delivery and pickup as well as making 34 workout videos took her and her team just two weeks to put together."This is the time to get noticed in ways you haven't in the past," Brason explained. "You basically have to reinvent your marketing strategies so that when the time comes, you can give people a really good reason to come back."Click here for more BI Prime stories.With the COVID-19 pandemic rattling businesses big and small - from bookstores and restaurants to shops and gyms

The coronavirus has forced grocery delivery drivers on the front lines of the pandemic.Mirchi, a small New York City grocery delivery service with around 10 employees, is struggling to keep up with a 400% increase in demand.The company's founder said that "by day three, all of my employees were burnt out."View more episodes of Business Insider Today on Facebook.Since the spread of the coronavirus in the US, drivers like Remy Quezada Rodriguez are on the front lines of the pandemic, delivering food to Americans hunkered down at home. Rodriguez works for Mirchi, a small New York City grocery delivery service specializing in South Asian ingredients. Lately, the company has been inundated with orders of rice, spices, and other goods.To keep up with demand, the company's founder Naresh Mulchandani

States and city governments are offering millions in loans and grants to businesses affected by the coronavirus pandemic. California's IBank is offering up to $50,000 in direct loans and loan guarantees for companies with fewer than 750 employees, while Maryland is granting $100,000 to manufacturers that can quickly pivot to make personal protective equipment (PPE) and other critical needs items. Most applications are submitted online and require basic business information as well as proof of how business revenue declined due to COVID-19.This piece will be updated as new information becomes available.Click here fore more BI Prime stories.As the coronavirus pandemic continues to disrupt the lives and operations of millions of American business owners, more state and local governments are offering

Two tax provisions of the $2 trillion stimulus package could put cash back into small business owners' pockets almost immediately. Most businesses will be eligible to defer payroll taxes and receive tax credits for keeping employees.However, businesses may not be eligible for tax relief if they receive a forgiveable loan through the Paycheck Protection Program.To understand how business owners can take advantage of these programs Business Insider reviewed IRS guidelines and spoke with a small business advisor at Wiss & Co. accounting firm. Click here for more BI Prime content.Businesses that have been forced to close, limit operations, and lay off employees during the coronavirus pandemic have several lifelines available to them, two of which are tax-related and could put cash back in their

More than half of small businesses in the US have temporarily closed their doors, or plan to this month, due to the COVID-19 pandemic.Private organizations, including Amazon and Facebook, are teaming up to offer millions in cash grants and low-interest loans to small business owners.Amazon created a $5 million relief fund to support local businesses around its Seattle and Washington offices. Hello Alice is giving $10,000 emergency cash grants to distressed businesses in the US.Click here for more BI Prime stories.Organizations across the country are rallying together to support small businesses fighting to survive the COVID-19 quarantine shutdown.One in four small businesses nationwide have temporarily closed and another 40% expect to this month, according to a recent survey from MetLife and

The Bureau of Labor Statistics says that the median salary for an emergency management director is around $83,000 per year.Business Insider interviewed five crisis management teachers and consultants who all stressed that strong communication and critical-thinking skills are key attributes of people who work in the industry.Roles vary across in-house and consultancy firms, and between government and corporate, but the skill sets required are largely the same.Read the news, practice thinking of solutions to big problems, and start looking for roles and internships in house.Click here for more BI Prime stories.Whether it's for a large-scale disaster such as the COVID-19 pandemic or more routine problems such as fires, cyber-security breaches, financial losses, or product recalls, crisis managers

GoogleSolutions like those from VAST Data can make AI adoption easier.Accessing stored data is a major problem that companies face in the quest to adopt artificial intelligence and other advanced analytical tools. VAST Data's all-flash storage solution makes it easier for corporations to quickly and continuously analyze large sets of information. The startup just raised $100 million, bringing its total valuation to $1.2 billion. This is on top of a recent $80 million funding round, of which $40 million still remains. "We did this to offer the peace of mind that we're here to stay forever," CEO Renen Hallak told Business Insider.Click here for more BI Prime stories.Artificial intelligence continues to be a major investment for companies, but enterprises are, in many cases, finding it exceedingly

As the Netflix docuseries Cheer has gained a massive following, Harris has become one of the show's biggest breakouts with his 'mat talks,' hyping up his teammates before a routine.

Apple's loathed Butterfly keyboards took the spotlight during a post-Oscars interview with filmmaker, Taika Waititi, the writer and director of 'JoJo Rabbit' which won an Oscar on Sunday.

Academy Award winners celebrated on Sunday by using their platforms to talk about politics and other global issues, prompting many viewers to nickname the ceremony the 'wokest Oscars ever'.

She was one of the many celebrities who attended the annual 28th Annual Elton John AIDS Foundation Academy Awards viewing party in West Hollywood on Sunday evening. 

Liam Hemsworth was looking to upgrade his wardrobe, so he made multiple purchases at the John Varvatos store in West Hollywood. He was seen without his new girlfriend Gabriella Brooks.

The hotel; heiress, 36, paired the ankle-length frock with beige heels and a bright red clutch purse with floral clasp.

Billie Eilish has teased that her James Bond theme is 'a ballad'. 

Eminem's surprise performance at the Oscars on Sunday was one of the most surprising moments, and now the rapper's Oscar presenter, Barbra Streisand, has reacted to the performance.

The 53-year-old actress admitted to being so excited about meeting Eminem backstage at The Oscars that she accidentally spilled water on him.