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

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Photo: Jose More/VW Pics/Universal Images Group via Getty Images

Trump International Hotel & Tower Chicago is struggling to bring in business amid political backlash against the president, the Washington Post reports.

Where it stands: County documents show profits between 2015 and 2018 for the hotel have fallen 89%, from $16.7 million to $1.8 million. Company lawyers are arguing to have the business' taxes lowered. To keep up, the lavish establishment is cutting costs by leaving jobs open, rolling back amenities and purchasing cheaper supplies.

  • Documents show other Chicago hotels are largely remaining steady.

The big picture: A number of President Trump's properties have struggled to keep steady since his administration began. While he visits the establishments often, bringing some benefit, many are still having to adjust.

Between the lines: Trump is also facing multiple allegations of violating the emoluments clause through his properties, which financially benefit from hosting the president and his events, as well as foreign dignitaries.

Go deeper:

Editor's note: This story has been updated to reflect that Trump was seeking to host the G7 at Trump's Doral resort, not the G20.

Go deeper

23 mins ago - Health

J&J CEO "absolutely" confident in vaccine distribution goals

Johnson & Johnson CEO Alex Gorsky said Monday that he is "absolutely" confident that the company will be able to meet its distribution goals, which include 100 million doses by June and up to a billion by the end of 2021.

Driving the news: J&J is already in the process of shipping 3.9 million doses this week, just days after the FDA issued an emergency use authorization for the one-shot vaccine. Gorsky said he expects vaccines to be administered to Americans "literally within the next 24 to 48 hours."

Dion Rabouin, author of Markets
56 mins ago - Economy & Business

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.

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