Jun 1, 2017

Goldman Sachs CEO slams Paris withdrawal, in first-ever tweet

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Pelosi: Trump should "immediately" invoke Defense Production Act for coronavirus equipment

Speaker Nancy Pelosi said Tuesday on MSNBC's "Morning Joe" that President Trump should "immediately" invoke the Defense Production Act to require U.S. companies to assemble medical equipment for health care workers fighting coronavirus.

Why it matters: Hospitals around the country lack medical equipment, like ventilators and respirators, as the number of Americans in need of treatment for the virus rises — and the wartime measure would ramp up production of the materials.

Hotel industry warns of looming financial crisis

Illustration: Sarah Grillo/Axios

Hotel industry lobbying groups have fired a warning shot, exhorting lawmakers to provide them with financing to avoid a series of debt defaults they say could set off a widespread financial crisis.

Why it matters: Without the bailout — which would be in addition to government funds from the $2 trillion CARES Act — the industry says its members could be the first in a wave of debt defaults that would hit everyone from real estate investors and pension funds to average homeowners.

Coronavirus is being used to suppress press freedoms globally

Illustration: Eniola Odetunde/Axios

The coronavirus is providing cover to autocrats, dictators, and even some democratically-elected leaders who were already looking for reasons to undermine the independent media.

Driving the news: Recent examples show the press is being shut out by the government under the guise of stopping misinformation from spreading about the pandemic.