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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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Stocks On Track For Their Worst Week Since The Financial Crisis

Plus, oil is dropped to $46 per barrel, Best Buy delivered an earnings beat, and DoorDash just took the first step to go public.

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Apple Issued A Revenue Warning Due To The Coronavirus & These Chip Stocks Are Falling As A Result

Plus, Raymond James analysts said China’s response to the virus outbreak is reminiscent of the Soviet Union’s reaction to the Chernobyl nuclear accident, Walmart missed on earnings, and Franklin Resources is buying rival Legg Mason.

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Bed Bath & Beyond Shares Are Tanking After Retailer Says It’s “Experiencing Short-Term Pain”

Plus, the coronavirus finally has a name, Carnival Cruise Line said that the virus outbreak could dent full-year earnings, and Nissan is suing former Chairman Carlos Ghosn.

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Xerox Just Upped Its Bid For HP To Nearly $35 Billion

Plus, Simon Property Group is acquiring Taubman Centers for $3.6 billion, and Eli Lilly shares are down after a failed trial for its Alzheimer’s drug candidate.

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Merck Is Spinning Off 3 Divisions To Focus On “Key Growth Drivers”

Plus, Tesla shares are taking a hit as its production in China is halted by the coronavirus, private payrolls soared by 291,000 in January, and Macy’s just released a new turnaround plan.

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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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