Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
identify whether following news is true or not

Input:
Obama to deliver statement on economy Tuesday, after inversions move;WASHINGTON (Reuters) - President Barack Obama will deliver a statement at 12:15 ET on Tuesday on the economy following Monday’s Treasury Department announcement on corporate tax inversions, the White House said. The U.S. Treasury Department took new steps to curb tax-avoiding corporate “inversions” late on Monday that threw a series of proposed mergers into question, including Pfizer Inc’s $160 billion agreement to buy Allergan Plc.;April 5, 2016

### Response:
True news

### End