👑 Bulletin: Prince Charles has tested positive for coronavirus. He is showing mild symptoms "but otherwise remains in good health." (BBC)
🚨 Breaking now: World markets surged this morning after the overnight news that Congress and the White House reached a deal to inject nearly $2 trillion into the economy.
Eric Ueland, the White House legislative affairs director, announced the agreement in a Capitol hallway shortly after midnight, capping days of often intense haggling and mounting pressure, AP reports.
Why it matters: The unprecedented economic rescue package will give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are out.
Illustration: Eniola Odetunde/Axios
New York's fight against coronavirus is the nation's fight, as the state — and the city in particular — face what Gov. Andrew Cuomo called "astronomical numbers" of cases, Axios managing editor Jennifer Kingson writes from Manhattan.
Why it matters: New York's success — or failure — in fighting the virus, safeguarding citizens and treating the afflicted will tell us a lot about what can succeed in the rest of the U.S.
Cuomo's daily press conferences have become a staple of midday cable news. He spoke passionately yesterday about the importance of devoting all resources to New York's rapidly escalating caseload.
Between the lines: Population density, which a New York Times headline called a "Trait Defining New York Life," is a big reason the Big Apple has become the U.S. focal point.
Jennifer's thought bubble: As a born-and-bred New Yorker who watched from my office window as the second plane hit the Twin Towers on 9/11, I find eerie similarities between the empty streets I see this week — and the constant wail of emergency sirens — and the days after the terror attacks.
The spread and impact of the coronavirus may be unfathomable, but it's not unpredictable. Yet the U.S. has failed to respond accordingly, Axios health care reporter Caitlin Owens writes.
What they're saying: A senior Health and Human Services official told Axios that if officials could do it all over again, they would have engaged the private sector to ramp up medical manufacturing in mid-January — about two months earlier than ended up happening.
The bottom line: When Axios asked the HHS official how all of this keeps happening, the official said it’s at least partially due to disconnects — between Trump and his administration, between the government and the private sector, and between the U.S. and the rest of the world.
Researchers at Copenhagen University in Denmark work on a potential coronavirus vaccine. Photo: Thibault Savary/AFP/Getty Images
Scientists around the world have started dozens of clinical trials, on more than 100 drugs, in the hunt to find a product that could attack the new coronavirus, Axios health care business reporter Bob Herman reports.
The bottom line: Expectations need to be tempered. A vaccine is likely a long way off, and failures are inevitable. But some experimental treatments, while they still require more research, are showing promise.
Photo Illustration: Sarah Grillo/Axios. Photos: Drew Angerer/Getty Images and Stringer/Getty Images
The Chinese Communist Party has spent the past week publicly pushing conspiracy theories intended to cast doubt on the origins of the coronavirus, and thus deflect criticism over China's early mishandling of the epidemic, writes Axios' Bethany Allen-Ebrahimian.
The big picture: Beijing is emulating Russia's disinformation playbook to do so.
Joe Biden built a TV studio at home, starts each day with three hours of medical and economic impact briefings, and checks in with congressional leaders.
Anita Dunn, a senior advisor to Biden's campaign, tells Axios the campaign is focused on addressing the health and economic impacts of coronavirus but also sees the opportunity to draw clear contrasts with President Trump.
The Biden campaign is also pumping out cost-effective videos on the virus.
A teacher in Hong Kong shows students hand hygiene during the SARS outbreak in 2003. Photo: Tommy Cheng/AFP via Getty Images
Hong Kong and Singapore, which have both managed to keep coronavirus infections low, had preparation that the U.S. couldn't replicate: the experience of the SARS outbreak in 2003.
The big picture: During the worst period of the outbreak, Hong Kong experienced a shutdown nearly as total as those caused by COVID-19, with people shunning restaurants and public spaces, schools closed for weeks and the city's usually bustling airport all but stilled.
ABC's Jonathan Karl writes in "Front Row at the Trump Show," out Tuesday, that during a meeting in 2017, President Trump interrupted a presentation by national security adviser H.R. McMaster on the deteriorating situation in Venezuela, and demanded a war plan.
As McMaster marched into his office, chief of staff John Kelly hustled after him, Karl writes:
"What the hell are you doing?" Kelly asked.
"I am going to carry out an order from the commander in chief," McMaster answered.
Kelly told him to stand down and not to pass the president's order on to the Pentagon.
Why it matters: It's a juicy example of the approach Kelly, who tried to bring discipline to a chaotic West Wing, took to corralling Trump.
Between the lines: When Karl went to Kelly and asked if he could use a certain off-the-record exchange in the book, the retired general had a surprisingly blanket response, Karl writes in a footnote: "[H]e agreed to allow me to quote this and other previously off-the-record remarks he made while he was chief of staff."
The Tokyo Olympics — with 11,000 athletes from more than 200 countries, and a reported cost of $28 billion — have been pushed from a July 24 start into 2021.
The games will still be called the 2020 Olympics — a symbolic gesture that the International Olympic Committee hopes will allow the games to "stand as a beacon of hope," AP's Eddie Pells writes.
The new date will be tricky: Nearly all 33 sports on the Olympic program have key events, including world championships, on the docket next year.
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