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“The Pandemic Is Accelerating” WHO Says As Global Coronavirus Cases Surpass 350,000

Plus, the Fed issued new initiatives in an effort to calm the market, the Senate is still negotiating a $2 trillion stimulus package, GE’s aviation unit is laying off 10% of its workforce, and CVS is hiring 50,000 workers.

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Coronavirus Cases Surge Past 5,000 In The U.S. As Economists Declare A Global Recession

Plus, the Trump administration is seeking a third coronavirus stimulus package, the WHO warns that the virus can in some cases survive in the air, and Cisco said that there have been 5.5 billion meeting minutes for its Webex video conferencing platform since the start of the month.

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The Fed Just Cut Interest Rates Due To Growing Economic Threat From The Coronavirus

Plus, Pfizer announced it is initiating a program to screen antiviral drugs in its pipeline to identify possible treatments for the coronavirus, Target and Kohl’s reported earnings, and Thermo Fisher is buying Qiagen.

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The World Health Organization Just Upped Its Risk Assessment To “Very High” For COVID-19

Plus, traders are pricing in a rate reduction from the Fed at its March meeting, Beyond Meat shares are tanking even after crushing sales estimates, and Big Lots shares are down more than-27% after the discount retailer warned of a “challenging first quarter of 2020.”

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Sprint Is Surging Higher After Judge Approves Merger With T-Mobile

Plus, Fed Chairman Jerome Powell said the central bank is “closely monitoring” the effects of the coronavirus outbreak, and Under Armour shares are sinking after athletic apparel maker said it expects low-single digit sales growth this year.

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L Brands Shares Are Surging As Report Says It’s Preparing To Sell-Off Victoria’s Secret Brand

Plus, the coronavirus now has more than 6,000 confirmed cases, Apple delivered a blowout quarter, and Boeing said costs related to the grounding of its 737 Max plane have exceeded $18 billion.

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