Good afternoon! It’s Tuesday, and I hope you’re hanging in there. Here’s what you need to know today. (PS: You can have this delivered to your inbox by subscribing here.)

1. What will happen to Chicago’s big summer events?

City officials today announced a number of cancellations for large-scale events in May and June, including the Chicago Blues Festival, the Gospel Music Festival and the House Music Conference & Festival, among others.

The move comes as officials in other cities, such as New York City and San Francisco, have already canceled big events slated for June, such as LGBTQ pride parades. [Chicago Sun-Times]

Today’s event cancellations come as Pritzker said the state will not hit the peak of COVID-19 infections until mid-May. The peak had been projected around mid-to-late April. At a separate event today, Mayor Lori Lightfoot said the state’s stay-at-home order could extend into June.

Meanwhile, state officials announced 119 more people have died, bringing Illinois’ death toll to 1,468. Officials also announced 1,551 new known cases, pushing the total number of confirmed infections to 33,059. [WBEZ]

Here’s a map showing where cases have been reported in Illinois. [WBEZ]

What does Chicago look like right now? WBEZ’s Manuel Martinez created this drone video that shows just how deserted the city is at the moment. [WBEZ]

2. Publicly traded companies got $300 million from federal loan program for small businesses

At least 75 publicly traded companies received federal loans through the Paycheck Protection Program, which was designed to aid small businesses struggling under the COVID-19 pandemic, reports The Associated Press.

The news comes as the federal program faces mounting criticism after large chain restaurants, like Chicago-based Potbelly, qualified for the maximum of $10 million in loans despite employing thousands of workers. [AP]

Meanwhile, Senate Minority Leader Chuck Schumer, D-N.Y., said an agreement has been reached on a $500 billion relief package after leaders from both parties reached a breakthrough in negotiations last night.

That package would allocate $300 billion to the small-business loan program, which ran out of money last week. The package would also provide aid to hospitals and boost COVID-19 testing. President Donald Trump said he will sign the bill after it passes the House and the Senate. [AP]

And Trump said he will sign an executive order that will temporarily suspend immigration to the U.S., but it’s not clear whom it would affect, how long it will last or when it will begin. [NPR]

3. Most Americans do not expect a swift return to normal life

That’s according to a poll out today from The Washington Post and the University of Maryland, which found that a majority of Americans believe it could be until June or later for large gatherings to take place again.

The poll also found that 72% approve of how governors, both Republican and Democratic, have handled the public health crisis, while 54% disapprove of President Trump’s performance. [Washington Post]

And while we’re talking about polls, a new survey from the Pew Research Center found that about 66% of Americans view China unfavorably. That’s up from 47% in 2018, suggesting that the U.S-China trade war and the pandemic have significantly affected the American public’s view of China. [Axios]

4. Germany is testing for COVID-19 antibodies nationwide

It’s the first large-scale testing in Europe for antibodies, which are an indication that someone has been infected with the virus. The move is aimed at monitoring infections and containing the spread of the virus, and it comes as Germany begins to relax some social-distancing measures. [NPR]

Meanwhile, Italian officials announced the first drop in active coronavirus cases since February. The good news comes as Italy’s death toll rose to 24,114 people, which is the second highest behind the U.S., where more than 42,000 people have died. [NPR]

Worldwide, more than 2.5 million cases and more than 175,000 deaths have been reported. [Johns Hopkins]

5. Why the meltdown in oil prices is a huge deal

World markets saw turbulence today after the price of oil collapsed below zero for the first time yesterday.

That means people were willing to pay you to take a barrel of crude oil off their hands. It also signals that demand for petroleum is drying up. Not as many people are driving, so less gasoline is needed.

But the inversion of oil prices underscores just how much of the economy is in free fall during the pandemic and illustrates the challenges ahead as world leaders try to rebuild the world economy. [New York Times]

Here’s what else is happening

• North Korean leader Kim Jong Un is reportedly ill, but here’s why the news might not be reliable. [BuzzFeed]
• The Chicago City Council tomorrow is expected to vote on appointing former Dallas police chief David Brown as the city’s new police superintendent. [WBEZ]
• Nerdette offers some music recommendations while you’re staying at home. [WBEZ]
• Queen Elizabeth II turned 94 today. [AP]

Oh, and one more thing …

It is the 30th anniversary of one of the weirdest experiences of my childhood: the Saturday morning simulcast of Cartoon All-Stars to the Rescue, an anti-drug PSA that features Bugs Bunny, Alf, the Teenage Mutant Ninja Turtles and other cartoon characters who told kids not to smoke pot and crack.

The villain of the cartoon was an anthropomorphic cloud of marijuana smoke voiced by George C. Scott. No joke. If you’ve got 30 minutes, you can find the cartoon all over YouTube.

The special aired on ABC, CBS, NBC and Fox networks on April 21, 1990, and you can find some pretty hilarious highlights of the show here. [Vice]

Tell me something good …

If you could be in self-quarantine with anyone other than a family member, who would it be?

Paul Lockwood writes:

“If I could be in self-quarantine with anyone other than a family member … I’d pick Billy Crystal, Rita Rudner, Tom Hanks and Stephen Colbert. All talented, funny people who seem down to earth. They might even like my puns!”

Who would you like to self-quarantine with? Feel free to email at therundown@wbez.org or tweet to @whuntah.

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