Today’s edition of quick hits:
* Stimulus: “As the coronavirus outbreak in the U.S. worsens, Congress and the White House are eyeing a third stimulus package to address the economic effects of the pandemic. Treasury Secretary Steven Mnuchin has prepared an aid package that he told reporters could amount to at least $1 trillion and presented it to Senate Republicans Tuesday during their weekly closed-door lunch on Capitol Hill.”
* On a related note: “Stock markets surged on Tuesday, after the government doubled down on its economic response to the coronavirus outbreak, ramping up financial assistance for affected businesses, and floating a $1 trillion stimulus package that includes putting cash in the hands of Americans.”
* EU: “The European Union on Tuesday announced a sweeping 30-day ban on most nonessential travel into the 27-country bloc.”
* Beijing: “The Chinese government announced Tuesday that it will revoke press credentials for American journalists who work for the New York Times, Washington Post and Wall Street Journal and whose credentials were set to expire in 2020, retaliating for state media restrictions by the Trump administration.”
* War footing: “LVMH is prepping its perfume and cosmetics production sites to manufacture hydroalcoholic gel in the midst of the coronavirus pandemic, the company announced Sunday.”
* Quite a step: “The Peace Corps is for the first time in its history halting its operations globally and evacuating all of its volunteers, a drastic step for the small U.S. agency that shows the knock-on effects of the global coronavirus pandemic even in developing countries still untouched by the outbreak.”
* DOJ: “The Justice Department moved on Monday to drop charges against two Russian shell companies accused of financing schemes to interfere in the 2016 election, saying that they were exploiting the case to gain access to delicate information that Russia could weaponize.”








