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COVID-19 roundup: Stocks up after emergency efforts to buffer pandemic fallout; NIC economist declares recession; senior living chains provide virus updates

U.S. stocks closed higher Thursday after central banks around the world rolled out several emergency measures designed to lessen the economic fallout stemming from the coronavirus pandemic. Between Wednesday and Thursday, the Federal Reserve launched a new lending facility to backstop U.S. money-market mutual funds and extended its currency exchange program with other central banks, and the Bank of England lowered its benchmark interest rate to a record low, according to reports.

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