(Reuters) - Here's what you need to know about the coronavirus right now:U.S. spending blitzU.S. senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic pressure of the coronavirus outbreak, negotiators said on Wednesday. The Senate will vote on the $2-trillion package later in the day and the House of Representatives is expected to follow suit soon after. Major corporate sponsors including Coca-Cola Co, Procter & Gamble Co and Samsung Electronics, said they were standing by the IOC after the postponement. Experts familiar with the deals said the companies would not likely seek the return of billions of dollars committed to the agreements. Treat with caution: rocketing stocks not cause for comfortThose pining for a bottom to the gut-wrenching stock market selloff may be disappointed to learn that mega one-day rallies, like the one on Tuesday, are typically not the start of a durable recovery.

Source: International New York Times March 25, 2020 08:15 UTC