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Trump Fires Top Election Security Official; Musk's New Wealth; Bitcoin Mania Returns: World Brief
Posted
November 18, 2020
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November 18, 2020
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2:52Now PlayingWORLD NEWSPresident Donald Trump on Tuesday announced he had fired a Department of Homeland Security official, Christopher Krebs, who has publicly contradicted the president’s unfounded claims about widespread election fraud. MORE
Pfizer Inc. said a final analysis of clinicaltrial data showed its Covid19 vaccine was 95% effective, paving the way for the company to apply for the first U.S. regulatory authorization for a coronavirus shot within days. MORE
U.K. Prime Minister Boris Johnson announced a 12 billionpound ($15.9 billion) plan to boost green industries and tackle climate change, in a blueprint he says will create or support as many as 250,000 jobs. Under the wideranging proposals, sales of new petrol and diesel cars will be banned from 2030. MORE
Three exHong Kong lawmakers were arrested in connection with a disruptive protest in the legislative chamber, as the Beijingbacked government ramps up pressure on the city’s beleaguered opposition. MORE
Bitcoin is once again closing in on record highs, topping $18,000 for the first time since December 2017 in a return to the mania that made it a household name. The cryptocurrency surged as much as 4.8% to $18,480 on Wednesday, leaving it less than 10% away from reaching its intraday peak of $19,511, according to data compiled by Bloomberg. MORE
It’s been an eventful few days for Elon Musk. The billionaire tested positive for Covid19, his rocket company launched four astronauts into space, and on Monday his electric carmaker Tesla Inc. was named for inclusion in the S&P 500 Index. The last bit of news also means Musk, 49, became the world’s thirdrichest person, leapfrogging Mark Zuckerberg. MORE
Apple Inc. is cutting by half the fees charged to most developers who sell software and services on the App Store, marking the biggest change to the store’s revenue structure since the iPhone maker launched the service in 2008. MORE
More of November 18's biggest stories at Bloomberg.com.
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