Airline industry package to be proposed this weekend: coronavirus briefing (NYSE:PFE)

A proposal for saving the airlines will probably come out this weekend, President Trump said at the White House coronavirus task force briefing.

“It’s moving quickly,” Trump said, “We’re going to be in a position to help them a lot.”

“I think it’s going to be a very acceptable package,” he added.

Related tickers: AAL, UAL, DAL, LUV, JBLU.

On OPEC, “they’re getting close to a deal,” Trump said after getting off of a call with Vladimir Putin and Saudi Arabia’s king.

Update at 6:37 PM: “They’ll probably announce something today or tomorrow,” he said regarding an OPEC agreement.

Pfizer (NYSE:PFE) may have a therapy that may keep the virus from replicating, Trump said.

Therapeutics companies have 19 therapies in testing and 26 in active planning for trials, he said.

6:40 PM: Regarding the death toll of the coronavirus, Trump said “I think we’re looking at a much lower level, I hope, than 100,000”; previous models had projected 100K-240K deaths.

This is a developing story; check back for updates.

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