As Coronavirus Spreads, U.S. Looks to New Tools to Fight Fallout

Elvera Bartels

The U.S. escalated its reaction to the coronavirus pandemic as growing shutdowns enhanced fears of financial fallout, pushing the inventory marketplace to stages not seen due to the fact 2017.

The Dow Jones Industrial Ordinary fell beneath 20,000 Wednesday—a demonstrable switch amid marketplace turmoil as companies and investors prepared for a lengthy financial stall. President Trump explained Wednesday the White Home would be invoking the Protection Production Act, “just in case we need to have it.” That act, 1st passed in the course of the Korean War, provides the president…

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