Last updated: COVID-19 Update: Wednesday, March 25, 2020

COVID-19 Update: Wednesday, March 25, 2020

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There’s a lot going on. Here are today’s COVID-19 updates that you should know.

Your daily dose of hope

The White House and Congress agreed on a $2 trillion economic stimulus bill to help businesses and individuals impacted by COVID-19. The bill, described as the largest rescue package in US history, includes cash payments of up to $1,200 for individuals and a $350 billion fund for small businesses.

Wall Street was volatile early Wednesday, but soared later in the day after Washington passed the stimulus bill. On Tuesday, a Wall Street rally saw the Dow post its best day in nearly 90 years.

Researchers studying the coronavirus say it isn’t mutating quickly, suggesting vaccines created for COVID-19 could have broad, long-lasting effect.

The lockdown in London promises an upside: clear skies. Experts expect non-existent traffic across the city to fuel a continued decline in air pollution that began in mid-February.

Experts say COVID-19 treatments could emerge much sooner than a vaccine, which is expected to take a year or more.

News you need to know

The US has 55,243 confirmed cases of COVID-19, the third highest after China and Italy.

Small businesses that have seen demand drop or have been forced to closed are running out of cash.

The number of confirmed COVID-19 cases climbed to 2,400 across Africa, prompting warnings that the pandemic could quickly overwhelm the country’s limited health services.

Data point of the day

Quote of the day:

“Ring the bells that still can ring
forget your perfect offering;
there is a crack in everything –
that’s how the light gets in.”
― Leonard Cohen

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