Good evening. Stocks and other benchmarks soared as investors parsed details of an estimated $2 trillion stimulus package to mitigate economic damage in the U.S. from the coronavirus pandemic.

• Congressional efforts to quickly pass the stimulus bill hit snags, hours after leaders struck a deal.
• The Dow Industrials rose nearly 500 points, marking the index’s first back-to-back gains since Feb. 6.
• Much of the world, including the U.S. is under lockdown as thousands of people continue to test positive for the virus.
• Governments and scientists say they are bracing for a monthslong siege rather than a swift victory.
• The White House is scrambling to develop a plan for how Americans could return to work in a few weeks.

Corrections & Amplifications: The number of cases in the U.S. was 46,000 as of Tuesday evening. Tuesday’s newsletter misstated the number of cases to be 23,000. And, we incorrectly listed curling as a Summer Olympics sport.

Retailers such as Primark, owned by Associated British Foods, are suspending and canceling clothing orders, threatening millions of factory jobs in Asia just as China shows signs of recovering from the worst of the coronavirus outbreak.

• U.S. Customs Tells Importers It Will Approve Tariff Delays on a Case-by-Case Basis

• The shutdown of movie theaters world-wide has put cinema owners at heightened risk of default, writes Alexander Gladstone for WSJ Pro Bankruptcy.
• Chevron’s chief financial officer is resorting to a tested playbook in response to the sharp decline in oil prices and lower demand, report Nina Trentmann and Mark Maurer for CFO Journal.
• New Mexico is setting up a $100 million fund to help mid-sized businesses hurt by disruptions tied to the coronavirus pandemic, Preeti Singh writes for WSJ Pro Private Equity. 

As millions of U.S. workers frantically pivoted to remote work last week, putting new strains on their computer networks, the fallout from coronavirus-related breaches may not become clear for weeks, months or even longer, writes David Uberti for WSJ Pro Cybersecurity.

Businesses that sell information-technology services are expected to be hit hard as companies across sectors slash budgets in the months ahead, industry analysts say.

Silicon Valley’s technology whizzes are mobilized to fight the coronavirus, trying to hack everything from disease modeling to elder care and medical-device manufacturing.

The new coronavirus is now taking off in the world’s poorest countries, which join the battle with even fewer weapons than developed nations, some of which have fumbled the pandemic’s early stages.

As the number of U.S. coronavirus cases mounts, workplaces from stores to hospitals are facing a quandary of who should be permitted to wear masks and gloves on the job, and when. 

High-school seniors considering offers or awaiting decisions later this week from colleges can expect higher acceptance rates, as colleges take measures to ensure they will still have enough students enrolled come fall. 

Facebook said usage of its products was skyrocketing but warned that increased activity wouldn’t shield the company from the online-advertising pullback roiling Silicon Valley and Madison Avenue alike.

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