Hello from Davos, Switzerland, where business leaders are worried about the growing coronavirus outbreak. More below. (Want this in your inbox each morning? Sign up here.)

The big worries at Davos: disease and trade

Attendees of the World Economic Forum in Davos are fretting about global trade in the face of threats from trade battles, the coronavirus outbreak and more.

• Executives are worried about China’s coronavirus and how its spread will affect business in the hugely important market. Some expressed their fears yesterday with President Trump, who responded that he wasn’t concerned. (More on the outbreak below.)

• Treasury Secretary Steven Mnuchin is annoyed that European countries are still weighing special taxes on American internet companies, saying this morning that creating a global minimum tax was more important and more fair.