The White House on Monday sent lawmakers an urgent $2.5 billion plan to address the deadly coronavirus outbreak, whose rapid spread and threat to the global economy rocked financial markets.
The ghastly prospect that the coronavirus outbreak could become the first truly disruptive pandemic of the globalization era is renewing doubts over the stability of the world economy.
A vaccine for the coronavirus is on track to be ready for human trials sooner than anticipated, National Institute of Allergy and Infectious Diseases head Dr. Anthony Fauci said on Tuesday.
Stocks slumped again on Wall Street Tuesday, driving the S&P 500 down 3%, piling on losses a day after the market’s biggest drop in two years as fears spread that the growing coronavirus COVID-19 outbreak will put the brakes on the global economy.