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Cash-strapped New Jersey to borrow up to $9.9 billion under deal

New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to $9.9 billion from sources that could include the U.S. Federal Reserve to deal with massive revenue losses from the economic shutdown, under an agreement announced on Friday between the governor and legislative leaders.

GLOBAL MARKETS-Stocks jittery as record U.S. virus count weighs on risk appetite

Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce the risk of death in severely-ill COVID-19 patients.

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