Illness Spreads in Hospitals; New Hubei Leaders: Virus Update

China named two officials to take charge of the response to the coronavirus outbreak in the province of Hubei as the government attempts to slow the spread of the illness. A new report in a medical journal said the infection was spreading inside a Wuhan hospital taking care of patients.

The Federal Reserve Board said that the coronavirus outbreak presented a “new risk” to the economic outlook for the U.S. and warned of disruptions in global markets. Canada Goose Holdings Inc. cut its sales and profit forecasts, hours after Burberry Group Plc withdrew its full-year outlook, with both companies blaming the new coronavirus.