Struck down based on all of the legal analysis I’ve heard and read. Sounds like the only chance it stands is if the States are found not to have standing.
It is unlikely to survive the “Major Questions” test, particularly because of when it was passed on because Biden campaigned on it pre-COVID. This Court takes a pretty narrow view of Executive power and will likely view this as a “Major Question” that cannot be delegated by the Legislature via the HEROES Act.