On Friday, US stocks made gains as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. Business Insider reports S&P 500 closed at a record high. On Thursday Pres. Donald Trump said he'd hand over power when the Electoral College certifies President-elect Joe Biden as the winner of the 2020 election. The US reported 125,082 new coronavirus cases on Thursday. That brought the seven-day average to 163,831, according to the COVID Tracking Project. Deaths topped 254,000, and hospitalizations jumped above 90,000. The stock market's "fear gauge" fell as low as 19.51 on Friday, dropping amid low trading volumes to its lowest level since the pandemic began.
AstraZeneca and the University of Oxford are facing criticism over their COVID-19 vaccine trial results. According to Business Insider the criticism comes after AstraZeneca admitted to a mistake in the vaccine dosage. During the vaccine trial, some patients got two full doses of the vaccine. Others had a half-dose in their first shot, followed by a full dose. On Wednesday, an AstraZeneca executive described the "mistake" as "serendipity.
Former President Barack Obama threw some geographic shade at the Trump administration in an interview with Stephen Colbert on Tuesday. Business Insider reports Obama praised President-elect Joe Biden's foreign policy picks for the incoming administration. Obama said that he was looking forward to seeing an administration where people 'know where countries are.' In June 2017, President Donald Trump reportedly mispronounced Nepal and Bhutan as "Nipple" and "Button.
Rudy Giuliani is up against numerous calls for his license to practice law to be revoked. But the bar to disbarment is set very high, and legal experts are divided as to whether Giuliani's conduct has been egregious enough to merit such a harsh punishment. According to Business Insider, President Donald Trump's personal attorney has been criticized for frivolous, dishonest litigation.
It's Thanksgiving week. Demand for "hens," smaller, female turkeys, is outstripping demand for "toms," larger turkeys. Business Insider reports that families are planning smaller, coronavirus-conscious Thanksgiving meals. Industry analyst Anne-Marie Roerink told Business Insider the markets placed orders for big Thanksgiving turkeys last January,