| Business groups including the U.S. Chamber of Commerce, the National Association of Manufacturers and the Business Roundtable have begun urging the Trump administration to cooperate with the transition. President-elect Joe Biden met with governors on Friday and excoriated the White House while warning a lack of federal Covid strategy and the blocked handover will ultimately kill Americans. For his part, President Donald Trump is moving forward as if Biden will never take office, with aides finishing up a 2022 budget. Having endured repeated losses before the courts, Trump has now invited Republican legislators from Michigan to the White House while his lawyers publicly call for them and other state officials to nullify the popular vote. Using the words "coup attempt," Bloomberg Opinion writers warn the strategy will end in failure but permanently damage the republic. And if Trump's long-shot somehow succeeds? University of Kentucky law professor Joshua Douglas said "it would be the end of democracy as we know it." —David E. Rovella Bloomberg is mapping the pandemic globally and across America. For the latest news, sign up for our Covid-19 podcast and daily newsletter. Here are today's top storiesThe initial blast of enthusiasm for stocks linked to potential Covid-19 vaccines is fading as investors see a long road before those medicines, if proven effective, are commercially successful. Leaders of the global economy warn that the slowing recovery could stop entirely as virus resurgence forces fresh restrictions across the globe. Both the International Monetary Fund and the Group of 20 expressed alarm, with the former saying elevated asset prices point to a disconnect from the real economy, and a possible threat to financial stability.  The University of Oxford said its vaccine contender (being developed with AstraZeneca) produced strong immune responses in older adults. The results, published in The Lancet, shed more light on preliminary data showing the U.K. shot can protect the most vulnerable. Sweden's health authorities are still skeptical about face masks despite evidence the coronavirus is spreading rapidly there and putting more people into intensive care. In the U.S., where at least 11.7 million of its 328 million inhabitants have been infected with the virus and more than a quarter million are dead, hospitalizations hit 80,000, a new record. Here is the latest on the pandemic.  Fatal flaws in the Boeing 737 Max have been fixed and the plane is safe to fly, U.S. regulators contend. Yet for travelers, a central question remains: Do I feel safe flying in a plane that crashed twice, killing 346 people? This may be the ultimate test of whether the troubled plane will ever be successful, and some flyers have already made up their mind. Allstate has solely hired banks owned by minorities, women or veterans for its planned $1.2 billion bond sale, stiff-arming Wall Street giants. How do you transform a Caribbean resort into a model for carbon neutrality? At Aruba's Bucuti & Tara, it was pedal power and pigs that helped it win recognition from the United Nations. What you'll need to know tomorrow What you'll want to read in Bloomberg PrognosisYoung Americans were blamed for much of the second coronavirus wave across the South and West this summer, as they flouted precautions in favor of partying, with deadly results for tens of thousands of older Americans. Now, as Thanksgiving nears, college students are headed home, and many schools aren't requiring testing or quarantining to prevent them from bringing the virus back to mom, dad and grandma.
 Like getting the Evening Briefing? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters. From fintech to smart identity management to online shopping, the shift to a fully digital economy is reinventing our world while enabling non-traditional players such as Qatar, Singapore and Luxembourg to become digital and financial hubs. Join us Nov. 23 for New Digital Frontiers: Leveraging Opportunities for Global Expansion and hear from executives at Mastercard and Process Street about the new opportunities for U.S. companies at the forefront of this transformation. Register here. Download the Bloomberg app: It's available for iOS and Android. Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more. | 
Sitaram Panchal died of cancer at 54 New Delhi: After Inder Kumar’s sudden death, Bollywood industry got another shock this mornin...
Post a Comment