Photo: Samuel Corum/Getty Images

President Trump announced Wednesday that he'll be giving a prime-time address around 9 pm ET on the government's response to the coronavirus.

Why it matters: New cases of the coronavirus are continuing to surge in the U.S. and across the world, causing the stock market to crater and events to be canceled on a wide scale. Trump's address comes as the administration and Congress weigh economic stimulus options, while top health officials warn that drastic changes to daily life must be made in order to stop the spread of the virus.

Editor's note: This story was updated after Trump changed the time of the address from 8 pm to 9 pm ET.

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The crushing budget blow awaiting state and local government workers

Illustration: Eniola Odetunde/Axios

State and local government jobs are being gutted, even as the labor market shows signs of a slight recovery.

Why it matters: The coronavirus pandemic blew a hole in state and local government budgets. A slew of states cut spending and jobs — with more planned layoffs announced this week as states try to balance budgets.

As boycott grows, Facebook juggles rights groups and advertisers

Illustration: Aïda Amer/Axios

As an advertiser boycott of Facebook over its tolerance of hate speech continues to snowball, the company has begun making small, incremental changes to mollify activists while it tries to buy time to evolve its content policies.

Driving the news: Sources tell Axios that the product and policy changes sought by the #StopHateForProfit campaign were long under discussion both inside Facebook and with some external groups. Meanwhile, CEO Mark Zuckerberg has reportedly told employees that the boycotting advertisers will be back before long.

Replacing the nursing home

Illustration: Sarah Grillo/Axios

Nursing homes have been the epicenter of the coronavirus outbreak, prompting more urgent discussions about alternative housing situations for elderly Americans.

Why it matters: Deaths in nursing homes and residential care facilities account for 45% of COVID-19 related deaths, per the Foundation for Research on Equal Opportunity — but there are few other viable housing options for seniors.