The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling. Here’s the latest news on how the COVID-19 crisis is affecting the economy. For more on financial resources available during the pandemic, click here. Here’s how the day is unfolding. Please refresh for updates. Twitter co-founder pledges $1 billion from his equity in Square to combat COVID-19 Twitter CEO and co-founder Jack Dorsey announced he is giving $1 billion from his equity in the mobile-payment platform he founded, Square, to help “fund global COVID-19 relief.” The $1 billion of his equity in Square represents approximately 28% of his wealth, Dorsey said. After the pandemic is over, the focus of the donation will shift “to girl’s health and education, and UBI,” he wrote, referring to a universal basic income. “Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime,” Dorsey wrote in a tweet. “I hope this inspires others to do something similar. Life is too short, so let’s do everything we can today to help people now.” He set aside the funds in an LLC that he formed, called


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