What you need to know about the coronavirus right now

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What you need to know about the coronavirus right now

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25 Mar 2020 13:51


(Reuters) - Here's what you need to know about the coronavirus right now:

U.S. spending blitz

U.S. senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic pressure of the coronavirus outbreak, negotiators said on Wednesday. The Senate will vote on the $2-trillion package later in the day and the House of Representatives is expected to follow suit soon after.

Stand by: Tokyo Olympics postponed

In a blow to Japan and an unprecedented move in the modern history of the Olympics, the International Olympic Committee (IOC) and Japan's government succumbed to intense pressure from athletes and sporting bodies around the world and agreed to push back the Tokyo Summer Games until 2021.

Major corporate sponsors including Coca-Cola Co, Procter & Gamble Co and Samsung Electronics, said they were standing by the IOC after the postponement. Experts familiar with the deals said the companies would not likely seek the return of billions of dollars committed to the agreements.

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