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As many as 11,383 people have been displaced and now live in temporary shelters. About 120 schools have been damaged, posing a challenge for a timely start to the new school year which begins on September 1.

As part of the agreement, Shenzhen-based ZTE Corp promised to dismiss four senior employees and discipline 35 others by either reducing their bonuses or reprimanding them, senior Commerce Department officials told Reuters. But the Chinese company admitted in March that while it had fired the four senior employees, it had not disciplined or reduced bonuses to the 35 others.

As of Thursday morning, nearly 1,300 Covid-19 patients in New York state were in intensive care units, most of them on ventilators, Governor Andrew Cuomo said at his daily morning news conference. That number had jumped by 45 percent from the day before, he said.

As long as information asymmetries among participants continue to exist in the IPO process, we will continue to observe underpricing in China, the United States, and other markets around the world.

As part of the agreement, the main shareholders — the Peugeots, the Agnelli family investment arm Exor, as well as the Chinese investor Dongfeng and the French state investment bank — agree to maintain their stakes for seven years. The only exception is that the Peugeots could increase their stake by up to 2.5 percent during the first three years by buying shares from Dongfeng and the French investment bank.