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• President Donald Trump said he will move to revoke Hong Kong’s special trade status under U.S. law and that he will order financial regulators to look at Chinese firms listed on U.S. stock markets. In the same press conference, Trump also said he will end the United States’ relationship with the World Health Organization, saying that it is under Chinese control. (Bloomberg)

• Federal Reserve Chairman Jerome Powell said the Fed will begin its emergency lending program for mid-sized businesses in “a few days.” Powell also said he could see the central bank expanding the program, which currently has a minimum of $500,000 for new loans and a maximum of $200 million for growing existing loans. (Politico)