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

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Illustration: Aïda Amer/Axios

There are now a lot of known knowns about the coronavirus: It's here, it's spreading, it's stressing hospitals, it's crippling the economy, it's slowed only by distance and isolation — and it's sure to get much worse before it gets much better. 

Why it matters: Similarly, there is a sameness to the patterns and known unknowns. So now we hit the maddening stage of waiting.

  • We wait and watch Wuhan and China to see if life really does return to normal once the virus is contained. The global economy hinges on this light at the end of the tunnel. 
  • We wait and watch Italy to see when its daily death rate peaks, plateaus and then plunges. This will give us a sense of how long highly concentrated outbreaks elsewhere might last. 
  • We wait to see when New York hits its apex (two to three weeks, experts say) and watch how bad it gets. We also watch New Orleans and Detroit to see if New York is an early indicator or an anomaly. 
  • We wait for widespread testing to be a reality so we can find out if the virus has spread far beyond our fears. 
  • We wait to see if Dr. Anthony Fauci's projection of 100,000 to 200,000 potential U.S. deaths is accurate — and, if so, how the media, public and markets might react to multiple days with death tolls beyond the nearly 3,000 lost on 9/11. 
  • We wait to see Trump's next move in his itch to "reopen America" after his extension Sunday of social-distancing guidelines through April 30. Does he continue to listen to his scientists, or eventually side with advisers who fear economic disaster if America stays home too long?
  • We wait and watch as drug companies race for a cure, which industry insiders say won’t happen at scale until 2021. We wait to see the consequences of using experimental medications to slow or salve. 

The big picture: This waiting period will expose whether coronavirus was an awful three months we will never forget — or a once-in-a-lifetime disruption and destroyer of life.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Go deeper

Big Tech lobbies hard against looming antitrust bill

Illustration: Sarah Grillo/Axios

Big Tech CEOs, including Apple's Tim Cook and Google's Sundar Pichai, have been jawboning lawmakers as a Senate committee takes up a key antitrust bill Thursday.

Why it matters: The bill prompting this lobbying frenzy could upend how tech's giants do business, and tech's critics see this as a "now or never" moment for Congress to check the industry's power.

Biden stock market gets Trumped

Data: Yahoo Finance; Chart: Jared Whalen/Axios

U.S. stocks markets performed worse during the first year of Joe Biden's presidency than during the first year of Donald Trump's presidency.

By the numbers: The S&P 500 rose 19.3% between the market close before Biden's inauguration and yesterday's market close, compared to a 24.1% increase for Trump during the similar period.

First look: Biden's Year One turnover

Expand chart
Data: Brookings Institution; Chart: Thomas Oide/Axios

Low first-year turnover among President Biden's senior staff marks a "return to normalcy" and a sign of stability after the Trump years, says a new Brookings Institution report reviewed by Axios.

Driving the news: The departure of five out of 66 "A-Team" officials puts Biden's departure rate as the third lowest since Ronald Reagan's presidency, above only George H.W. Bush and son George W. Bush, the report found.