Good afternoon. Today's PM — edited by Justin Green — is 374 words, a 1.5-minute read.

🇨🇳The U.S. State Department has placed U.S. diplomatic staff and their families in China on "authorized departure," meaning they are permitted to leave the country amid the coronavirus outbreak, reports Axios' Bethany Allen-Ebrahimian. Go deeper.

  • Situational awareness: The World Health Organization declared the fast-spreading coronavirus a public health emergency. Go deeper.

🚨Breaking: IBM has named Arvind Krishna as its new CEO, replacing Ginni Rometty.