Here's what you need to know about the coronavirus right now:
FILE PHOTO: A computer image created by Nexu Science Communication together with Trinity College in Dublin, shows a model structurally representative of a betacoronavirus which is the type of virus linked to COVID-19, better known as the coronavirus linked to the Wuhan outbreak, shared with Reuters on February 18, 2020.
Shares of Dentsu Group, the marketing agency for the event, jumped as much as 12.4% on relief over suggestions the International Olympic Committee was looking to delay the Games, not cancel them outright.The U.S. Senate’s drive to pass a $1-trillion-plus coronavirus response bill was stymied late on Sunday, as Democrats held out for more money to help state and local governments and hospitals, while Republicans urged quick action to give financial markets a sign of encouragement.
Speaking to Reuters, St. Louis Federal Reserve President James Bullard however invited markets to view things from a different perspective: well-executed shutdowns should be saluted as an investment in public health that lays the groundwork for a rapid rebound. In the meantime, policy should do two things: Match any lost wages; Match any lost business.
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