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Dunkin’, McDonald’s, Starbucks To Close 1,400 Locations

  • Sharp decline in sales forces major fast food and coffee chains to shutter 1,400 locations
  • Revenues fall as much as 38 percent during COVID-19 pandemic
  • Companies plan investments in models allowing better response to future pandemics
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What The Proposed Coronavirus Relief Bills Would Do For Agriculture

  • Both the HEALS Act and HEROES Act propose billions of dollars in funding for agricultural producers affected by COVID-19
  • Bills include relief for meat producers forced to euthanize healthy animals due to backlog in animal processing
  • Agricultural processors such as textile mills and ethanol plants would also see financial support
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Restaurants Advocate Relief Funds, Multi-Decade Loans as Survival Strategies Against COVID-19 Downturn

  • Restaurant industry report says 85 percent of independent restaurants could be forced to close if relief is not forthcoming
  • One plan calls for $120 billion to support restaurants, but others support loans with extremely long terms
  • Restaurant workers make up largest category of newly unemployed as industry faces an “existential crisis”
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Connecticut Eases Restaurant Restrictions As Reopening Advances

  • Connecticut DECD eases some restrictions on reopening restaurants
  • Additional guidelines presented for offices, retail, and other venues
  • Phase 3 of Connecticut reopening remains on hold
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Restaurant Owner Warns That Opening and Closing Cycle Could Devastate Food Service Industry

  • Junior’s Cheesecake owner Alan Rosen told CNBC that restaurants forced to shut down a second time may not be able to reopen
  • Restaurants take huge financial hit when they purchase food and are unable to sell it
  • Some states roll back eat-in service as COVID-19 counts rise
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