Hi there,

Happy Monday! Here's what we're watching in business and tech news this week: 

• The first wave of stimulus payments for individuals is expected to begin this week. Americans making less than $75,000 will receive $1,200; couples filing jointly and earning under $150,000 will receive $2,400. The IRS also plans to launch a website by Friday that will inform people of when they will receive their checks.
   

• Earnings season kicks off this week, with major cos like JPMorgan Chase, Bank of America, Goldman Sachs, UnitedHealth Group, and Johnson & Johnson all reporting Q1’20 results. Stock markets have rallied in the past few weeks despite profit forecasts being slashed across all 11 sectors of the S&P 500. Some analysts fear the full extent of the damage has yet to be seen. The consumer-discretionary group, which includes hotels, cruise lines, and restaurants, is expected to see the brunt of the damage.
   

• Look for more scrutiny from lawmakers, media, and privacy advocates regarding Google and Apple’s upcoming Covid-19 tracking tool. The tech giants announced an unlikely partnership on Friday to roll out contact tracing technology for smartphones — which will alert people if they’ve come into contact with someone who has been diagnosed with the coronavirus. Check out our brief on  how AI is helping track the pandemic here.
   

• FCC Commissioner Ajit Pai may give a long-awaited decision on an application from satellite co Ligado Networks that would allow it to use government-owned satellite frequencies to develop a 5G network. Ligado’s fight for 5G has lasted years but has remained mired by government concerns over whether Ligado’s use of these airwaves would disrupt GPS networks. If approved, the proposal could turn Ligado into a major IoT player and reshape the “race to 5G.” For more on the next-gen wireless tech, take a look at our What is 5G? explainer here.

EBITDown
 

Crossover investors — including asset managers, hedge funds, and sovereign wealth funds — have also been impacted by the pandemic. 

We look at how startup deals and dollars from these institutional investors are faring here.

On top of the world
 

Digital health startups raised $16B across nearly 1,700 deals in 2019. 

Check out the top-funded digital health startups in the US here.

No excuses

Staying fit doesn’t always require a gym membership. 

From at-home gyms to sleep wearables, clients can read about 7 startups building connected devices to help consumers improve their well-being at home here.

I love you.

P.S. We're hiring a product manager. See the role here.