The U.S. economy contracted 4.8% in the first quarter of 2020. With the coronavirus crisis continuing into the summer, economists are expecting an even steeper contraction in the second quarter. WSJ’s Carter McCall explains how GDP is calculated and how the coronavirus is impacting the equation. Photo Illustration: Jacob Reynolds/WSJ

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SpaceX and NASA are scheduled to launch the first orbital human spaceflight from U.S. soil since the Space Shuttle Program ended in 2011. But as SpaceX dominates the headlines, a large number of small launch startups are poised to fail. Photo: NASA/Tony Gray, Tim Terry & Kevin O’Connell

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Airbnb was supposed to be the hottest public offering of 2020. Instead, the home-sharing giant just cut 25% of its workforce and expects revenue to be less than half of what it was in 2019. WSJ’s Preetika Rana explains what made the company so vulnerable. PHOTO: Stephanie Swart for the Wall Street Journal

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The pandemic is forcing schools around the world to postpone or rethink graduation ceremonies. A university in Tokyo is using robots as stand-ins for graduates, while a number of students are creating a virtual world to commemorate one of the most important days of their lives. Photo Composite: Crystal Tai

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Will the coronavirus pandemic lead to long-term changes in higher education? To better understand the challenges facing U.S. colleges and universities, WSJ’s Alexander Hotz spoke with administrators, students, and a higher education futurist. Photo: Robert F. Bukaty/AP

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J.C. Penney rose to prominence as a national retailer by dressing the middle class for over a century. But analysts say the retailer’s costly shifting strategies have failed to attract the modern middle-class customer, leading the company to declare bankruptcy. PHOTO: RICHARD B. LEVINE/LEVINE ROBERTS/ZUMA PRESS

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Sports fans are longing to return to the stands, but health experts say stadiums are one of the highest-risk areas for coronavirus transmission. Dr. Peter Chin-Hong, an infectious disease specialist, walks us through how easily the virus could spread among the crowd. Photo Illustration: Alex Kuzoian

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Health care has taken a big hit from the coronavirus pandemic, losing more than 1.4 million jobs in April. Despite being resilient to prior recessions, experts expect the sector to structurally change, and that we should not expect a robust recovery. Photo: Getty Images

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The South Korean company behind the hit video “Baby Shark” is hoping to expand its empire with films and merchandise while pursuing the next viral sensation. Its strategy aims to beat competitors in an increasingly crowded space for children’s attention. Image: Pinkfong

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As the coronavirus pandemic rocks the aviation industry, two industry giants are fighting to protect their legacies. WSJ’s Jaden Urbi explains what Boeing and Airbus are doing to survive this unprecedented crisis – and how it could reshape the future of aviation. Photo Composite: George Downs

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