European Shares Rise as Investors Weigh Virus Headlines
European stocks inched higher as investors considered a mix of coronavirus updates and a rift between the U.S. Treasury and the Fed over ending emergency lending programs.
Mnuchin Declines to Extend Several Fed Emergency Lending Programs
Treasury Secretary Steven Mnuchin declined to extend several emergency loan programs established jointly with the Federal Reserve that are set to expire on Dec. 31.
U.S. Infections Set Another Daily Record
The U.S. reported 187,833 new cases for Thursday, according to data compiled by Johns Hopkins University, exceeding its last daily record by more than 10,000.
Suffering Emerging Markets Can Bounce Back From the Depths
Better-than-expected news on vaccines and global growth prospects next year will mean an opportunity for battered equities in developing economies outside East Asia to stage a recovery.
WHO Recommends Against Use of Gilead Covid-19 Drug Remdesivir
The World Health Organization said there isn't evidence that the antiviral drug reduces deaths or recovery times for patients suffering from the coronavirus.
FDA to Get Application for First Covid-19 Vaccine Friday
A vaccine partnership involving Pfizer and German company BioNTech plans to file with the Food and Drug Administration Friday for possible FDA clearance of a vaccine, according to Health and Human Services Secretary Alex Azar.
U.S. Businesses in China More Optimistic With Biden Presidency
American companies believe bilateral relations will be more stable under a Biden administration, a postelection survey by the American Chamber of Commerce in Shanghai shows.
Coronavirus Once Again Forces Brexit Talks to Go Virtual
With Brexit negotiations already long past the original deadline, efforts to seal a trade deal are once again facing a whole new complication: the coronavirus.
UK Retail Sales Rise Despite Covid-19 Spike
Retail sales in the U.K. rose by an above-forecast 1.2% in October, the sixth consecutive month of gains and despite a surge in coronavirus cases across the country.
Trump Administration to Release New Rules Reducing Drug Costs
The plans, slated to be announced Friday, have been a signature pledge of President Trump's since his 2016 election campaign.
(END) Dow Jones Newswires
11-20-20 0515ET