Here are the largest public companies taking payroll loans meant for small businesses

Hundreds of millions of dollars of Paycheck Protection Program emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to help the nation's smallest, mom-and-pop shops keep employees on payroll and prevent mass layoffs across the country amid the coronavirus pandemic.
Read more: https://www.cnbc.com/amp/2020/04/21/large-public-companies-are-taking-small-businesses-payroll-loans.html?source=Snapzu