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Perdue, Loeffler back Trump’s call for Georgia recount, more signature matching

As President Trump’s campaign officially requested another recount of ballots in Georgia over the weekend, Sens. Kelly Loeffler and David Perdue, the Republicans in the critical Jan. 5 Senate runoff races in the state, backed the recount effort as they continue to slam the handling of Georgia’s vote tallies in the presidential election.

 

— FOX News

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AstraZeneca’s vaccine announcement bolsters markets: Live business updates

Credit…Amr Alfiky/The New York Times

Black Friday has lengthy been the largest buying day of the 12 months, with doorbuster offers inspiring some die-hard buyers to camp out all evening in entrance of big-box shops.

But as coronavirus instances climb throughout the nation and public well being officers beg folks to keep away from crowds, will shops nonetheless attempt to lure clients inside? And in the event that they do, will clients take the bait and present up?

“This year is going to be a Black Friday unlike any other,” mentioned Kelly O’Keefe, managing associate on the Brand Federation, a consulting agency. “We’re not going to have crowds knocking down Walmart’s door this year. There will be fewer people in stores and there will be much better management of those people.”

Here’s what a number of the largest retailers are doing to maintain clients protected on Black Friday this 12 months:

Best Buy mentioned it was promoting this 12 months’s new gaming consoles on-line solely, to keep away from strains exterior shops.

The electronics chain mentioned it might restrict the variety of clients inside shops to adjust to social-distancing tips as really helpful by the Centers for Disease Control and Prevention. Best Buy additionally mentioned it might take into account limiting retailer hours, lowering occupancy and shifting to curbside-only pickup service “on a case-by-case basis to help local communities contain outbreaks.”

All pickup orders will now occur curbside, and pickup shall be out there earlier than and after in-store hours.

The shops would require clients and workers to put on face coverings and can provide face coverings to clients who do not need one. Best Buy will present sanitizer wipes close to high-touch shows to present the shoppers the choice of wiping down surfaces earlier than participating with them.

Walmart placed on three separate gross sales in November, each on-line and in retailer.

It is providing clients the choice to select up their on-line Black Friday orders via Walmart’s contactless curbside pickup service.

On Black Friday itself, Walmart shops will open at 5 a.m., and clients shall be requested to type a single, straight line to enter the shops. Employees will hand out sanitized buying carts and can remind clients to put on a masks when getting into the shop. Walmart will restrict the variety of clients within the retailer to twenty % capability and can direct clients to buy down the right-hand facet of aisles.

Target has unfold its sale choices all through all of November, providing promotions of various product classes every week.

To decrease strains, Target has added cell checkout units to permit retailer workers to assist buyers try anyplace within the retailer. The firm additionally permits friends to take a look at by themselves utilizing Target’s cell app.

Additionally, the corporate has added 1000’s of things eligible for same-day pickup.

Target says it’ll monitor the variety of buyers to make sure folks have sufficient area to buy safely and can permit clients to order a spot in line exterior their native retailer.

The dwelling enchancment retailer has made Black Friday costs out there all through the vacation season, from Nov. 6 via December, each in retailer and on-line, in an effort to scale back crowds. Home Depot mentioned it had decreased the variety of objects displayed in sure areas in shops to create extra space for social distancing.

A volunteer getting a shot in a vaccine trial developed at the University of Oxford in conjunction with AstraZeneca.
Credit…Pool photograph by Siphiwe Sibeko
  • U.S. stock futures and stock indexes in Europe rose on Monday after a 3rd drugmaker, AstraZeneca, introduced a significant growth in its Covid-19 vaccine and a authorities official on Sunday described how vaccines is perhaps distributed to Americans as early as subsequent month.

  • The Stoxx Europe 600 rose 0.5 %, extending good points from the previous three weeks. The CAC index in France was up 0.8 %, and the DAX index in Germany rose 1 %. In Asia, the Nikkei 225 in Japan fell 0.4 %, the Hang Seng Index in Hong Kong rose 0.1 %, and the Shanghai Composite index climbed 1.1 %.

  • S&P 500 futures rose about half a %, suggesting markets will open on a constructive notice when buying and selling begins.

  • AstraZeneca mentioned that early evaluation of a few of its late-stage scientific trials confirmed the vaccine, developed with the University of Oxford, was on common 70 % efficient. The trials used two completely different dosing regimens, certainly one of which was 90 % efficient in stopping Covid-19 and the opposite of which was 62 % efficient. Shares in AstraZeneca have been 1.7 % decrease. The trial outcomes counsel the vaccine hasn’t matched the effectiveness of Pfizer and Moderna. But AstraZeneca’s vaccine has benefits of being less expensive and simpler to retailer and transport.

  • Though there have been constructive developments about vaccines, it will likely be many months earlier than giant swathes of the inhabitants obtain them. In the meantime, virus instances are nonetheless rising quickly and the financial influence is being felt.

  • Advisers to President-elect Joseph R. Biden Jr. are pushing for Democrats in Congress to achieve a fast stimulus take care of Senate Republicans amid concern of a double-dip recession. The S&P 500 index fell final week as buyers thought of the Treasury Department’s plan to finish emergency lending applications on the finish of the 12 months, whereas different federal help applications created below the CARES Act are set to run out at 12 months’s finish.

  • European shares have been led greater by vitality firms. Commodities costs rose, with Brent crude up 1.6 % to $45.66 a barrel. West Texas Intermediate futures, the United States benchmark, rose 1.4 % to $43 a barrel, the best since late August.

  • Shares in Cineworld, proprietor of Regal cinemas, jumped as a lot as 27 % as the corporate reassured buyers it might have sufficient money to reopen, even when that doesn’t occur till May. The firm’s chief government mentioned in an announcement that the agency had secured $750 million in additional liquidity, $450 million within the type of a brand new three-year debt facility.

Adidas paid roughly $4 billion for Reebok in 2005.
Credit…Axel Schmidt/Reuters

Adidas tapped JPMorgan Chase to assist it weigh a sale of Reebok that would happen as quickly as early subsequent 12 months, sources informed the DealBook publication.

Rumors have been swirling that the corporate could promote the model, which has struggled to maintain tempo with rivals like Nike. The Financial Times has reported that Permira and Triton are amongst Reebok’s suitors. Adidas didn’t reply to a request for remark. JPMorgan declined to remark.

Reebok may fetch round $1 billion in a deal, mentioned the sources, who spoke on situation of anonymity as a result of the data was confidential. Though that valuation is topic to alter, it might be a far cry from the roughly $4 billion that Adidas paid for it in 2005. Reebok’s gross sales have been down 7 % in the latest quarter, excluding foreign money results, in contrast with a 3 % drop for Adidas as an entire.

Buyers could also be cautious of the pitfalls concerned within the 2015 sale of Adidas’s Rockport unit. Three years after Adidas sold the shoe brand to Berkshire Partners, it filed for chapter, blaming its former parent for a sale course of that “took meaningfully longer and was significantly more expensive than planned.”

Broadly talking, the athletic attire business is doing properly. Consumers are embracing each consolation and health throughout the pandemic, bolstering gross sales at firms like Nike and Lululemon. But Reebok’s quirky model has had a tough time recapturing its Eighties heyday, even with the muscle of Adidas behind it. And Reebok’s gear is concentrated largely on indoor sports activities, like CrossFit, which can take longer to get well within the pandemic.

Estée Lauder suspended dividend payments earlier this year, only to reinstate them.
Credit…Lucy Nicholson/Reuters

In the stock market, dividend payouts had gave the impression to be among the many prime casualties of the recession attributable to the pandemic. There have been predictions by Goldman Sachs, amongst others, that dividends would fall by greater than 20 %, reducing payouts to buyers by lots of of tens of millions of {dollars}.

It hasn’t turned out that means, writes The New York Times’s Jeff Sommer.

Dividends are down, sure, however with little greater than a month to go in 2020, the overall decline for dividends within the S&P 500 is prone to be lower than 1 %, in keeping with the estimate of Howard Silverblatt, senior index analyst for S&P Dow Jones Indices.

A drop of that dimension could be inconsequential, given the severity of the stock market downturn earlier within the 12 months and the rate that the financial system shrank, 31.4 percent, within the second quarter of the 12 months.

“Considering where we were, this hasn’t been a bad year for dividends,” Mr. Silverblatt. “It has been a great year.”

A complete of 42 firms within the S&P 500, closely concentrated amongst lodges, airways and retailers, suspended dividend funds from March via July, in keeping with Mr. Silverblatt’s knowledge. But the enterprise outlook for a lot of firms has since rotated, and their dividend actions replicate it:

  • Darden RestaurantsEstée Lauder and Marathon Oil suspended their dividend funds earlier this 12 months, solely to reinstate them lately.

  • Microsoft elevated its dividend by 9.8 % in September, which quantities to a lift of $1.5 billion. Apple in April elevated its dividend by $875 million.

  • AbbVie, the drug firm, raised its dividends by $847 million in October. And Chevron, the oil firm, did so by $756 million in January. It has maintained quarterly dividends since then, regardless of declining oil costs.

As issues stand, Mr. Silverblatt says, it’s cheap to undertaking that company America will prosper and that dividend funds will proceed to get well, maybe even hitting a report subsequent 12 months, exceeding their 2019 peak.

President-elect Joseph R. Biden Jr. is mostly conducting his transition remotely from Wilmington, Del.
Credit…Ruth Fremson/The New York Times

While President Trump continues to be contesting the election outcomes, company America — together with a lot of the remainder of the world — is shifting on. In current days, firms together with Boeing, CVS Health and McDonald’s have mentioned they acknowledged President-elect Joseph R. Biden Jr. and imagine the election was free and honest.

On Friday and Saturday, the refrain of chief executives calling for an orderly transition continued to develop, David Gelles reported.

“The election is over and we expect a smooth transition,” mentioned Ajay Banga, the chief government of Mastercard. “That’s the hallmark of American democracy.”

Many firms have been already providing to work with the Biden administration on efforts to fight the coronavirus pandemic and kick-start the financial system.

“The country needs political stability,” mentioned Michael Dell, the chief government of Dell Technologies. “We are eager to progress forward and work with the new administration and Congress on pandemic response and recovery and other critical priorities including education, infrastructure and the environment.”

Julie Sweet, the chief government of Accenture, congratulated Mr. Biden and Vice President-elect Kamala Harris on Nov. 8, the day after most main information media organizations known as the election. On Friday, Ms. Sweet known as for the Trump administration to cooperate with the transition.

“We have work to do as a country — defeating the pandemic, ending the digital divide, rebuilding the economy and so much more,” she mentioned. “A peaceful, lawful transition must be permitted to move forward.”

Among the businesses successfully calling on the Trump administration to concede defeat have been many main authorities contractors, together with Cisco.

“We had a free and fair election, and it was encouraging to see the record number of Americans who exercised their right to vote,” mentioned Chuck Robbins, the chief government of Cisco. “Now we must move forward with the transition process so we can take the steps needed to recover from the pandemic.”

Carlos Gutierrez, the previous Commerce secretary, who’s now the chairman of EmPath, a personal firm, and was beforehand the chief government of Kellogg, mentioned that past disrupting the handoff to the Biden administration, Mr. Trump’s refusal to concede was eroding America’s standing on this planet.

“The absence of a normal transition, and a president determined to make some kind of a mark in his last 60 days, has created uncertainty and a worldwide sense of confusion,” Mr. Gutierrez mentioned.

Before the pandemic, “Wonder Woman 1984,” starring Gal Gadot, was expected to be a worldwide box office smash.
Credit…Clay Enos/Warner Bros. Entertainment, by way of Associated Press

“Wonder Woman 1984” is coming this Christmas Day. If that isn’t sufficient massive information, this big-budget movie shall be launched in theaters and on the streaming service HBO Max.

Thank, or blame, the coronavirus pandemic.

With many theaters shut due to the virus, and people which might be open struggling, many studios have both pushed the discharge dates of main movies into subsequent 12 months or created a hybrid mannequin during which working theaters can present new releases whereas they’re additionally made out there via streaming or on-demand providers.

“We’re not in Kansas anymore,” mentioned Jason Kilar, chief government of WarnerMedia, in an announcement invoking the Hollywood traditional movie “The Wizard of Oz.”

The new regular, at the very least briefly however possibly longer, means a really completely different film enterprise, Nicole Sperling experiences. In April, Universal Pictures had a profitable video-on-demand launch for “Trolls World Tour.”

AMC, the biggest theater operator on this planet, objected and introduced it might now not e-book any Universal movies. But by July, the 2 firms signed a multiyear deal during which Universal motion pictures would play in AMC theaters for at least 17 days earlier than changing into out there in houses via premium video-on-demand. That shortened window may imply that studios will spend much less on advertising.

 

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— New York Times: Top Stories

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William Winston: Healing a divided nation – this simple truth can bring unity in troubled times

After over 30 years in ministry, I am clear that my calling is to teach people faith in God and His Kingdom and share biblical truth.

 

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How Trump hopes to use party machinery to retain control of the G.O.P.

Ronna McDaniel, a close ally of President Trump, wants to remain head of the Republican National Committee, worrying party members who believe the president will try to use the group to keep control of the G.O.P.

— NYT: Top Stories

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Alabama’s Nick Saban snaps back after question about team’s time of possession in blowout win

No. 1 Alabama rocked Kentucky on Saturday in an SEC matchup and coach Nick Saban wasn’t trying to hear questions about any other statistic than what was up on the scoreboard.

 

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Operation Warp Speed projects 70% herd immunity, potential return to normalcy May 2021

The project will aim to ship vaccines as soon as they receive approval, meaning that they hope to start seeing immunization starting December 11th or 12th.

 

— FOX News

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Send some holiday cheer

We have tips for how to manage a holiday card in an extraordinary year. Plus, more ideas for how to lead a full and cultured life at home.

— NYT: Top Stories

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Antibody treatment given to Trump gets F.D.A. emergency approval

The treatment, made by the biotech company Regeneron, is a cocktail of two powerful antibodies that has shown promise.

— NYT: Top Stories

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Appeals court rules Tennessee can enforce Down Syndrome abortion ban

A federal appeals court ruled Friday that Tennessee can begin outlawing abortions because of a prenatal diagnosis of Down syndrome, as well as prohibit the procedure if it’s based on the race or gender of the fetus.

 

— FOX News

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Dominion counters Trump legal team after press conference claims: ‘No ties to Venezuela or Cuba’

Election technology firm Dominion Voting Systems responded to allegations made by President Trump’s top lawyers, who claimed election fraud and foreign interference conducted through the voting software in an incendiary Thursday press conference.

 

— FOX News