According to the Washington Examiner:
President Trump announced that he will be invoking the Defense Production Act to combat the spread of the coronavirus.
The United States has been running low on hospital beds and ventilators for patients suffering from respiratory illnesses, including COVID-19, as well as masks for the hospital workers treating them.
The Defense Production Act of 1950 allows the president to incentivize companies to make products deemed necessary to combat nationwide threats. The policy allows the president to go as far as forcing companies to produce products, if needed.