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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Carolyn Kaster / AP

Ivanka Trump yesterday told Axios' Mike Allen that she is working to raise a large investment fund that will focus on women entrepreneurs around the world.

What we know: The focus will be on small and medium-sized companies around the world, and that early commitments have already come in from some government-linked investors in Canada, Germany and the Middle East. Helping to develop the project is Dina Powell, the former Goldman Sachs executive who had been advising Ivanka before being promoted to deputy national security advisor. A source says that Goldman Sachs has not received a commitment request (at least not yet).

[Update: Powell tells us that the fund will be managed by The World Bank, which has not yet responded to requests for comment.]

What we don't know: There are still a lot of questions about how this will work. While we work to get answers, here are our top six:

  1. Will these be investments seeking to generate a financial return, or will they be some sort of grant or loan?
  2. Who will be on the investment committee? Will they receive financial compensation?
  3. Are Trump, Powell or other White House employees actively soliciting contributions from foreign governments and/or private institutions (banks, foundations, etc.)? If so, has White House counsel signed off on it?
  4. Will the fund solicit capital from U.S. state pension funds, as do many more traditional private equity funds.
  5. Will the fund be registered with the SEC?
  6. How will the fund balance interests of U.S. companies that could receive direct competition from foreign startups that receive investment?

Go deeper

House passes $1.9 trillion COVID relief package

Photo: Screenshot via C-SPAN

The House approved President Biden's $1.9 trillion COVID relief package on a 219-212 vote early Saturday morning, sending it to the Senate for a possible rewrite before it gets to Biden's desk.

The big picture: The vote was a critical first step for the package, which includes $1,400 cash payments for many Americans, a national vaccination program, ramped-up COVID testing and contact tracing, state and local funding and money to help schools reopen.

8 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.