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Photo: Mandel Ngan/AFP via Getty Images

President Trump said Monday that OPEC has not explicitly asked him to press U.S. oil companies to cut production, but he added that U.S. output is slated to fall due to market forces as demand collapses.

Why it matters: The comments suggest how the U.S. could offer de facto participation in a wider international production-cutting deal, even though top-down mandates are not part of the U.S. market system.

  • "I think the cuts are automatic, if you're a believer in markets," Trump said at a White House briefing, adding companies are "already cutting" and "it's the market, it's supply and demand."

What's next: The OPEC+ group — led by Saudi Arabia and Russia — is set to meet remotely Thursday, to be followed by a remote meeting of G20 energy ministers on Friday.

  • But a global production-limiting agreement would be difficult for Saudi Arabia and Russia to accept without action by the U.S., the world's largest producer.
  • "Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort," Reuters reported Monday, citing OPEC+ sources.

What they're saying: "The G20 forum could provide space for a looser arrangement where explicit U.S. cuts are not necessarily required and market-led decreases in US production can potentially be repackaged as a U.S. contribution," the Eurasia Group said in a note Monday.

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The pandemic has thrust a relatively unknown ailment, anosmia — or smell loss — into the international spotlight.

Why it matters: Researchers hope smell testing becomes as standard as the annual flu shot, helping to detect early signs of neurodegenerative diseases like Alzheimer’s and Parkinson’s.

Senate passes $1.9 trillion COVID relief package

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The Senate voted 50-49 on Saturday to approve President Biden's $1.9 trillion COVID relief package.

Why it matters: COVID relief has been a central promise for Biden, and passing the sweeping package has been a major priority for the administration and congressional Democrats.

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Why we need to know COVID's origins

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Geopolitical tensions are foiling efforts to get to the bottom of how COVID-19 originated.

Why it matters: Insights into how COVID-19 began can help us prevent future pandemics — especially if it involved any kind of leak or accident at a virology lab.