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Added on the 25/11/2020 13:45:47 - Copyright : Wochit
US stocks closed at record highs on Wednesday after President Joe Biden was sworn into office. Tech stocks drove the market following an optimistic earnings report from Netflix. According to Business Insider, the Netflix report sent shares soaring nearly 20%. Tech shares didn't stop with Netflix, Alphabet rose to an all-time high with a 6% surge. Alibaba climbed 7% after it's founder, Jack Ma, made an appearance in a videoconference. Ma had not been seen in public for months prior to the call. Gold rose 1.57% on the news of the 46th President's inauguration to $1,869.10 per ounce.
Dr. Fauci met with President-elect Joe Biden's transition team on Thursday. Fauci will continue in his role under the Biden administration at the National Institutes of Health. Fauci said they discussed “a variety of Covid-related topics.” Fauci said he has spoken previously with Biden's incoming White House chief of staff, Ron Klain. Fauci added that his Thursday meeting will likely be the first of a series of transition meetings with the team. He also said he fully expects to remain in his role as director of the National Institute of Allergy and Infectious Diseases.
For years, President Donald Trump was a Fox News superfan, routinely phoning in to give impromptu interviews and receive gushing praise. But now, Business Insider reports Trump is waging war against the network. What's more, he's encouraging his supporters to migrate over to more MAGA-friendly channels like Newsmax and One America News Network. As it increasingly challenges Trump's baseless election fraud claims, Fox News is under a siege of its own making. With its recognition of Joe Biden as President-elect, Fox News' favorability ratings among Republicans fell by 13% following the election.
US equities soared on Tuesday on the heels of President-elect Joe Biden's victory. The General Services Administration confirmed it would provide the "resources and services" needed to start Biden's transition. According to Business Insider, it's a clear sign that the Trump campaign has accepted its loss in the 2020 race. The typically seamless process has been mired down by President Donald Trump's legal challenges to the election's outcome. The Dow Jones industrial average surged above 30,000 for the first time, ever marking a rapid comeback after sinking in March.
U.S. President Barack Obama attends an outdoor arrival ceremony in heavy rain, as the first sitting U.S. president to visit Laos. Rough Cut (no reporter narration).
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