5 Stories to Watch Next Week Next steps with COVID-19 \u2014 States across the US continue to take very different approaches to reopening amid the coronavirus pandemic. California and Illinois remain closed, but most states have begun easing their restrictions. Wisconsin began opening up on Thursday, and Iowa, Oregon, Virginia, and parts of New York did so on Friday. Florida\u2019s two hardest-hit counties will be allowed to begin reopening on Monday. We\u2019ll have to watch how these states fare next week and how reopening affects the number of infections and deaths. We\u2019ll also have to watch growing protests across the country where demonstrators are calling for ending lockdowns. Lawmakers in Michigan canceled their legislative session on Thursday because demonstrators, some armed, gathered for a third time to protest Gov. Gretchen Whitmer\u2019s stay-at-home orders. One reason for the protests is the devastating impact that the lockdowns have had on the American economy. Most recently, the Commerce Department reported Friday that \u00a0retail spending plummeted by a record 16.4 percent in April. Pelosi\u2019s $3 trillion bill \u2014 This week, House Speaker Nancy Pelosi (D., Calif.) and her Democratic caucus announced a $3 trillion bill that had no input from Republicans. Democrats are advertising the bill as another stimulus to combat the economic fallout from the coronavirus, but the bill contains a plethora of measures that have nothing to do with the virus or economics. Newt details some of these measures in his latest piece for the Inner Circle, from providing tax-paid funding for abortion to blocking voter identification laws. As of this writing, the House is set to vote on the package on Friday. It will be interesting to see next week what the latest developments are with this massive piece of legislation. Republicans are calling the bill a Democratic \u201cwish list\u201d that will never pass the Senate. But we\u2019ll see what the fallout is. After all, as Newt says, Pelosi may have ulterior reasons for pushing this package. Pompeo urges Israel to stop Chinese deals \u2014 Secretary of State Mike Pompeo visited Israel this week. A main part of his agenda was to express concerns about Israel\u2019s trade relationship with China and to urge Jerusalem to avoid further Chinese involvement in the Israeli economy. The US views Chinese investment in Israel as a security threat, citing lack of transparency and China\u2019s problematic trade practices, among other issues. According to some reports, Pompeo and other American officials told Israeli counterparts bluntly that they must not strengthen the Chinese Communist Party, even if that means nixing projects already planned. In response to Pompeo\u2019s warnings, China castigated the US and appealed to its \u201cJewish friends\u201d in Israel. Watch in the coming days to see if anything concrete \u2014 such as canceled projects \u2014 comes from Pompeo\u2019s warning. Israel\u2019s strong economic relationship with China has long been a headache for Washington. It remains unclear how much of that relationship will continue. Trump admin considers response to Iranian shipments to Venezuela \u2014 The US is weighing measures it could take to respond to Iran\u2019s shipment of fuel to Venezuela, according to reports. A senior official in the Trump administration told Reuters that Washington has a \u201chigh degree of certainty\u201d that Venezuelan President Nicolas Maduro\u2019s government is paying Iran tons of gold for the fuel. \u201cIt is not only unwelcome by the United States but it\u2019s unwelcome by the region, and we\u2019re looking at measures that can be taken,\u201d the official added. The US has imposed tough economic sanctions on the oil sectors of both Iran and Venezuela, whose economies depend heavily on exporting oil. Venezuela, which is experiencing a severe economic crisis that has hurt its infrastructure, is in desperate need of gasoline. Watch next week for the US to impose further sanctions on the two countries \u2014 or potentially to take different steps meant to coerce Tehran and Caracas. US moves to cut off key supplies to Huawei \u2014 The Trump administration on Friday announced a new restriction on exports meant to cut off Huawei, the Chinese telecom giant, from overseas manufacturers who supply semiconductors. The Wall Street Journal reports: \u201cThe restriction stops foreign semiconductor manufacturers whose operations use US software and technology from shipping products to Huawei without getting a license from US officials first. That new license authority could give the Commerce Department the ability to block the sale of semiconductors manufactured by\u00a0Taiwan Semiconductor Manufacturing\u00a0Co.,\u00a0for Huawei\u2019s HiSilicon unit, which designs chips for the company.\u201d The US says that Huawei is a tool of the Chinese government that can potentially infiltrate foreign networks and disrupt or gain sensitive information from them. Huawei and Beijing will no doubt be furious with the Trump administration\u2019s move. Look for China\u2019s angry response next week as tensions between the world\u2019s two largest economies continue to rise.