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Monday, November 30, 2020

Officials: Georgia On Pace To Complete Presidential Recount By Wednesday Deadline | 90.1 FM WABE - WABE 90.1 FM

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Georgia counties have two more days to complete their portion of a recount of the November presidential election.

Several dozen counties have already wrapped up their work ahead of the Wednesday night deadline.

The major metro Atlanta counties are in various stages of completion, says Gabriel Sterling with the secretary of state’s office. DeKalb is nearly done as is Cobb. He says Gwinnett should be finished by lunchtime Tuesday.

But in Fulton, Sterling says, the county is having to re-scan all of its 528,000 ballots because of processing errors. He says this means Fulton will be cutting it close.

“I’d rather have more time to deal with anything that might come up because it’s 2020 and it’s Fulton County,” said Sterling. “But In general, I think we’re still on a good path to have every county, including Fulton County, meet our deadline by midnight on Wednesday.”

Sterling says extra scanners have been deployed to Fulton to help with that effort.

Including the statewide hand count that was part of an audit, this is the third time the nearly 5 million ballots from Georgia’s presidential election have been counted. President-elect Joe Biden was certified as the winner of Georgia’s Electoral College votes, with a 12,670-vote victory over President Donald Trump.

Trump, by law, was able to request the recount because of the closeness of the race. The president’s campaign also continues to insist on an audit of the signatures on Georgia absentee ballots and requests. The campaign has claimed, without evidence, that there is widespread voter fraud involved with absentee voting in Georgia.

The secretary of state’s office has said there’s no evidence to back these claims and that it’s up to a judge to determine if an audit of signatures is needed.

“If there is a lawsuit that comes forward or an election challenge that a judge says there has to be a signature audit, that’s up to that judge,” said Sterling.

The signatures for absentee ballots have already been verified twice during the process.

The outer oath envelope containing the voter’s signature is separated from the ballot after the signature is verified. This is to ensure voter privacy, but it also means there’s no way for a ballot to be traced back to a signature.

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Officials: Georgia On Pace To Complete Presidential Recount By Wednesday Deadline | 90.1 FM WABE - WABE 90.1 FM
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Columbia police complete search for remains of missing mom in debris from Lamine River - ABC17News.com

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COLUMBIA, Mo. (KMIZ)

The Columbia Police Department has finished its search for the remains of missing Columbia mother Mengqi Ji.

Ji went missing on Oct. 8, 2019 and was reported missing by her husband Joseph Elledge on Oct. 10,2019.

Columbia police searched the Lamine River outside of Boonville for Ji after cellphone records showed Elledge being in the area of the Lamine River on Oct. 9 for around 45 minutes. According to a probable cause statement, he also drove to several other areas around mid-Missouri.

Officers did an aerial search and a search on foot in each of those areas.

"We followed the route that he took. We followed the route, and then anywhere there was like wooded areas or bodies of water we searched those," said Assistant Chief Jeremiah Hunter.

Police spent months searching the Lamine River with local and state partners.

The department eventually built a levee in the river in order to get larger equipment further out into the water.

When they pulled the levee out of the water, crews took around 25 truck loads of debris to an undisclosed location and searched through it.

Police were looking for any sign that Ji had been in the area or for any remains.

Crews laid the truck loads of debris out in rows and let it dry. Police then used human remain detective K9's to search the debris.

Detectives then searched by hand, with a sifting table, and heavy equipment.

"The majority of the heavy equipment was used to thin things down, thin the material down so it wasn't as thick for the dogs to sniff through, and to break through it," Hunter said.

Hunter said crews worked to turn over every stone and search thoroughly.

"You get in line on your hands and knees and you phsycially just grab the material, look through it, search through it. If you've found something of interest then you take it over to the sifting table, he said.

"Literally you have to go through all 25 loads on hands and knees and feel your way through it," he said.

Police did not find anything in their search, meaning Elledge could go to court without any DNA evidence of Ji's death.

Criminal Attorney Mike Hamilton said without a body or any remains it could be much more difficult to convince a jury of murder.

"If they found anything just to show that she was in that river, that would bolster what their theory is which is that she was killed and brought there and dumped," Hamilton said. "Without a body it's purely circumstantial and a jury may not buy it."

Hamilton said the only other case he recalled from Boone County that was similar still had blood as DNA evidence .

A probable cause statement in the murder case alleges Elledge may have strangled Ji which is why there was no blood or other DNA evidence.

He said it is still possible a jury could find Elledge guilty.

"It depends on how much the judge lets in. I mean, opinion evidence, 'Oh she'd never go.' I mean, is that going to be admissible. Well the prosecutor's going to have to do that to present their theory, or what I think their theory in the case is," he said.

Hamilton said if there is a conviction it could be overturned based on the lack of a body and individual rulings around the pieces of evidence in the case.

He also expects both sides of the case to make motions to prevent certain evidence from being introduced to the courtroom.

"It may be trying to keep witnesses out or testimony to where, again, if it's inadmissible why would they bring it in? If they start in then the jury's confused or if they say something that's prejudicial enough to either side it could result in a mistrial," Hamilton said.

He said the search through the debris is one of the things that either side could try to bring in or block.

A trial in the murder case has not been scheduled yet.

ABC 17 News Investigates / Boone / Columbia / Crime / Elledge case / Top Stories / Top Stories

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When sound science meets imperfect grammar - Science Magazine

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There are scientists who obsess over tiny details, and then there are scientists who obsess over tiny details to the point of being truly annoying. I’m the second kind.

I mean, I don’t roll out of bed thinking, “Gee, I hope I can correct a colleague misquoting the thousandth decimal place of Planck’s constant today.” But I’d be lying if I said this opportunity caused no pride.

One of my pet peeves is when someone uses “standard time” as a general way to refer to all time. Like, they invite me to a meeting at 3 p.m. EST—Eastern Standard Time—but the meeting is in July, when we’re using daylight saving time, so really they should have written 3 p.m. EDT. I know what they mean, of course, but part of me really wants to show up an hour early and demand to know where everyone else is.

I used to press that point. I’d respond to the meeting invitation with a note that wasn’t intended to be snarky but, in retrospect, totally was. I’d write, “Assuming you mean 3 p.m. EDT, that time works for me.” Then I’d get an “Oops, heh heh, you’re right” in reply, and I’d feel like I’d done the world a service.

Is that smug? Is that obnoxious? Is that the reason I had no friends in middle school? Maybe. But I just couldn’t agree to a meeting time that was technically wrong. I told myself I was just being accurate, which is what a good scientist does.

Then, one day, a colleague threw me a curveball. I wrote my usual “assuming you mean 3 p.m. EDT” reply, and they responded, “No, I meant EST.” Now I was doubly confused. Either (a) my colleague wanted to meet at a time that was different from the time on the actual clock in our time zone, (b) they didn’t know what EST and EDT meant, or (c) this was their passive-aggressive way of telling me to knock it off.

Now I had a choice. Either I could show up at 3 p.m. EDT and say no more, having already made a good-faith attempt to correct the error, or I could Get Into a Whole Thing. And as eager as I am to right the planet’s least consequential wrongs, I’m conflict-averse enough to avoid Getting Into a Whole Thing.

So, what did I learn from this experience? I learned that accuracy is important. But I also learned that attempting to enforce precision can sometimes lead to less clarity rather than more. And if you think this lesson doesn’t apply to you, consider whether you winced just now when I used “accuracy” and “precision” interchangeably.

I was thinking about this recently when I read a lament on Facebook from a scientist whose paper received a harsh peer review that criticized the paper’s English grammar and syntax. The reviewer appeared to have ignored the science, or at least found it irreproachable, yet recommended that the journal reject the paper on editorial grounds.

The responses overwhelmingly favored the frustrated scientist. Everyone agreed that a paper has to be comprehensible, of course, but subject-verb agreement and split infinitives seemed like the pickiest possible criticisms.

I was naturally inclined to take the scientist’s side, too. Journal articles are meant to communicate research results, not to showcase linguistic artistry. Small language errors can be corrected, sure, but they shouldn’t make the difference between acceptance and rejection.

More importantly, mandating flawless English can sideline the work of brilliant scientists for whom English is not their first language. Dismissing a scientist’s work on the basis of imperfect grammar is a form of implicit bias that favors those who just so happen to have been born into English-speaking households.

Yet I couldn’t shake my pedantic nature. I’m the sort of person who shows the newspaper to my wife so we can cluck our tongues at a misspelling of the word “its.” I’ve bristled at poorly proofread resumes and job applications, including a cover letter that opened with the salutation, “Dead Dr. Ruben.” I’ve read at least a dozen articles on whether to use one or two spaces after a period at the end of a sentence. (Conclusion: One space is correct, but thanks to my just-past-typewriters-era training, it feels so wrong.)

So while I couldn’t condone rejecting a scientific article for frivolous reasons, I couldn’t confidently call grammar frivolous. Not when I’m the sort of person who types text messages in complete sentences.

But I’ve learned that although obsessing over details can make you feel incisive, it can also obfuscate what you hope to clarify. When I told my colleague that he meant to write “EDT,” for example, all I did was confuse the situation further. Because of a single letter in an email, we almost Got Into a Whole Thing.

Noticing every detail can make us good scientists, but it can also make us insufferable colleagues. There’s only so much benefit one can derive from telling everyone else that they’re wrong. It’s helpful and important to be correct—but even when correcting others is important, it can sometimes be unhelpful.

It’s time we mix our demand for minutiae with a little common sense. It’s time we hold ourselves to high standards of courtesy as well as academic rigor. It’s time we stop the cutthroat posturing and help one another.

And just to be clear, that’s standard time.

Read more Experimental Error stories

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Residents in Lincoln County urged to complete broadband survey - WSAW

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MERRILL, Wis. (WSAW) - People living in Lincoln County are encouraged to participate in a survey regarding broadband access.

Lincoln County with assistance from UW-Madison Extension Lincoln County launched the survey.  Each household in Lincoln County’s unincorporated areas will receive a postcard inviting them to respond to the survey.

“This information is necessary to understand the location and quality of broadband in Lincoln County and where there are gaps in access,” stated Community Development Educator Melinda Osterberg.  Survey data will be used to generate a report for community stakeholders, elected officials, and internet service providers that broadly describes current broadband access in Lincoln County.

The survey will take between 15-20 minutes to complete and contains a variety of questions related to how the household is currently accessing the internet and what their broadband needs are.

To take the survey, visit:  https://go.wisc.edu/59rt4s

Paper copies of the survey are also available at the Extension Office located at the Lincoln County Service Center (801 N. Sales Street, Merrill, WI 54452), 24 hours a day at the Tomahawk Area Chamber of Commerce (208 N. 4th Street, Tomahawk, WI 54487), and at the Tomahawk Public Library (200 W. Lincoln Avenue Tomahawk, WI 54487).

Copyright 2020 WSAW. All rights reserved.

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12 entrepreneurs complete Launch Rocky Mount business program - Spring Hope Enterprise

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For The Enterprise

ROCKY MOUNT — A dozen local entrepreneurs have completed the Launch Rocky Mount program, the Small Business Center at Nash Community College recently announced.

With support from the Eastern N.C. Center for Business and Entrepreneurship at N.C. Wesleyan College, the Rocky Mount Area Chamber of Commerce, Wells Fargo, Small Shops Marketplace and Station Square, students were able to participate at no cost, complete the 10-week course with a working business plan and pitch their ideas to a panel of judges for the opportunity to win one of nine prizes. 

Judges werre Gena Messer-Knode, director of the Eastern N.C. Center for Business and Entrepreneurship; Fred George, owner of Small Shops Marketplace; Melanie Wallace, owner of Stand Tall Marketing; and Candice Kirtz, purchasing manager with the city of Rocky Mount. 

Prizes included five $500 microgrants and four $500 retail vouchers for a retail space in the Small Shops Marketplace. Winners will be announced in a virtual award ceremony. Each participant who completed the program is eligible to apply for a loan up to $15,000 from Kiva.

The 12 participants to successfully complete the Launch Rocky Mount program are:

• LaToya McCurdy — NutraDrip IV Hydration & Wellness Clinic.

• LeeCee Jones — Diverse Book Representation DBR.

• Courtney Williams — The Sunkissed Valley.

• Tamesha Alston — Amore Beautee LLC.

• LaTerrika Lane — Girls Be Like LLC.

• Tylisa Finley, inventor of a patent-pending technology-based product. 

• Quentin Riley — Legacy Pizza & Catering.

• Ron Smith — RCSDogs2Go.

• James Mercer — Mercer Official Apparel.

• Fernando Berber — Blue Organics.

• Marcel Moore — LeCram’s Bakery.

• Pamela Watson — Gifted Designs by P.

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$1 million fundraiser launched to complete Kalamazoo River Valley Trail - mlive.com

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KALAMAZOO COUNTY, MI -- The Kalamazoo River Valley Trail is nearing completion with the help of a $1 million funding campaign.

The KRVT leadership team is raising the money to fund completion of a final trail segment between Galesburg and Fort Custer Recreation Area, according to a news release from Kalamazoo County parks officials.

Launched earlier last winter, Campaign Connect has raised more than $580,000, nearly 60% of the goal, from about 100 local and regional foundations, area businesses and other community donors. Now the trail group is asking the general public to help reach the $1 million goal.

Funds will be used to finish the 30-mile trail connecting the Kal-Haven Trail to the west and the Battle Creek Linear Park, near Fort Custer, to the east.

The final 4.5-mile segment will complete the Kalamazoo River Valley Trail, which connects more than 140 miles of trails in the region. The non-motorized, paved trail is free to use for walking, biking and other recreational activities, the release said.

The effort to complete the local trail has been a decades-long process. The first 4.8 miles of trail opened in 2008. Another section through downtown Kalamazoo was completed in 2017.

Chris Lampen-Crowell, fundraising campaign co-chair and owner of Gazelle Sports, acknowledged the strain of the COVID-19 pandemic, and stressed the importance of trails and other healthy recreational opportunities, now more than ever.

“We are all living through a tumultuous and unpredictable time that adds stress on our families, organizations and communities,” Lampen-Crowell said. “As we work to provide trail connections throughout our region, I am pleased to be part of an effort that encourages health, and invites more citizens outside so they can explore our beautiful state. We know that park and trail use are at an all-time high as people seek safe, inexpensive activities during this pandemic.”

Jodi Havera, campaign co-chair and CFO of Landscape Forms, pointed to the popularity of the existing trail, adding its benefits stretch beyond the health and well-being of those who enjoy it.

“Many people use the trails but don’t realize all the community benefits,” Havera said. “Trails attract visitors from outside our region.  They spend money in our restaurants, sleep at local hotels, and shop at our businesses. While we’re proud of the fact that we help provide free recreational opportunities, we’re equally proud of the strong economic impact that the KRV Trail and other regional trails are having on our local economy.”

The trail, operated as a Kalamazoo County park, reported use by more than 300,000 residents and visitors last year, marking a 50% increase in usage since 2012.

Contributions to the fundraising effort can be made through the website at parksfoundationkalamazoo.com.

“This is an exceptional opportunity for all the community to invest in our region,” Lampen-Crowell said. “If you want to see the children engaged in healthy activities, families spending time together, visitor’s spending money at our local businesses, then this campaign is for you. Please join us in this great endeavor.”

The campaign to raise $1 million for the trail’s final segment will continue through the end of the winter, organizers said. Funds raised for the final segment may be supplemented with grant funding from the Michigan Department of Transportation and the Michigan Department of Natural Resources.

Also on MLive:

Black on Black Friday showcases Black businesses from around Kalamazoo

12 tips for Black Friday fanatics looking to navigate pandemic holiday shopping

Michiganders to see another drop in auto insurance fee in 2021

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Wisconsin Recount Complete, Biden Wins State's 10 Electoral Votes - 9&10 News

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11 30 20 2presidential Transition Mtm Vo.transfer

A recount in Wisconsin’s presidential election is complete, confirming Joe Biden won the state’s 10 electoral votes.

The recount finished up Sunday afternoon, actually giving Biden a net gain of 87 votes.

But President Trump is still claiming the election was rigged while providing evidence of widespread voter fraud.

Many of the Trump campaign’s lawsuits against the election have been thrown out, including a recent one in Pennsylvania.

The state’s Supreme Court dismissed a lawsuit on Saturday filed by congressman Mike Kelly trying to halt the certification of Biden’s win.

This comes as many Republican lawmakers are finding it harder to defend the president’s election fraud claims.

Arkansas Gov. Asa Hutchinson says “The transition is what is important. The words of President Trump are not quite as significant.”

President Trump is also claiming foreign leaders are calling to say this was “The most messed up election they’ve ever seen.” However, the White House has not provided any transcripts of calls with foreign leaders since the election and almost every U.S. ally has called to congratulate Joe Biden.

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Celtics Complete Gordon Hayward Sign-And-Trade, Get Largest Trade Exception In NBA History - CBS Boston

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BOSTON (CBS) — The Celtics didn’t lose Gordon Hayward for nothing after all.

The Celtics and Hornets officially completed a sign-and-trade deal for Gordon Hayward on Sunday, with the star forward heading to Charlotte on a four-year, $120 million deal.

The Celtics sent two future second-round picks to Charlotte in the deal, with a heavily protected second-round pick from Charlotte returning to Boston if the Hornets finish in the top five of the NBA next year, according to The Associated Press.

But the real return for Boston comes in the form of a trade exception. According to ESPN and The Boston Globe, the exception is for approximately $28.5 million — the largest trade exception in league history.

That trade exception can be used to acquire a player via trade, and it remains valid for a year. It can be used on multiple players, too, meaning the Celtics could either add one big-money player or several players at lesser salaries. Danny Ainge could utilize that exception immediately or wait until free agency in 2021.

Hayward ranks among the biggest free-agent signings in Celtics history, so his opt-out and departure figured to dent Ainge’s ability to field a contending roster in the coming years. But the acquisition of the trade exception should allow for some much-needed flexibility and options.

NBA action is set to get underway soon, with testing beginning this coming week. The preseason will tip off on Dec. 11.

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With results complete, Moderna will seek emergency use of COVID-19 vaccine Monday - BetaBoston

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The latest data set the stage for the possibility that at least two vaccines will be available on a limited basis by the end of the year.

A bicyclist stops to check their phone in front of Moderna in Cambridge. Moderna said Monday that its experimental COVID-19 vaccine was 94.1 percent effective at preventing infections in its late-stage clinical trial. (Jessica Rinaldi/Globe Staff)Jessica Rinaldi/Globe Staff

Cambridge biotech Moderna said it will ask federal regulators Monday to authorize emergency use of its experimental COVID-19 vaccine, after complete results from a late-stage study showed the substance was 94.1 percent effective at preventing the disease and 100 percent effective at warding off severe cases.

The final efficacy results from a clinical trial of 30,000 volunteers were almost identical to an interim analysis released by the company two weeks ago. The latest data set the stage for the possibility that at least two vaccines will be available on a limited basis in the US by the end of the year.

“This positive primary analysis confirms the ability of our vaccine to prevent COVID-19 disease with 94.1 percent efficacy and, importantly, the ability to prevent severe COVID-19 disease,” said Moderna’s chief executive, Stephane Bancel, in a prepared statement. “We believe that our vaccine will provide a new and powerful tool that may change the course of this pandemic and help prevent severe disease, hospitalizations and death.”

The 10-year-old biotech will become the second drug maker to ask the Food and Drug Administration for permission to begin distributing a vaccine to help end a scourge that has killed more than 246,000 Americans. Pfizer, the 171-year-old pharmaceutical giant, and its German partner BioNTech, filed the first application on Nov. 20.

Moderna said it also plans to apply on Monday to European drug regulators for conditional approval of the vaccine.

An advisory committee to the FDA will likely discuss Moderna’s trial data and make recommendations about the vaccine on Dec. 17, according to the company, which has been consulting with the agency. That would be exactly a week after the same committee considers data from the late-stage trial run by Pfizer and BioNTech. (Pfizer has a plant in Andover that is helping to make its vaccine.)

If the FDA approves the vaccines for emergency use, they would likely be distributed at first to people at high risk for catching the disease, such as medical workers, and to vulnerable people, including the elderly and individuals with health problems.

Dr. Anthony Fauci, the nation’s top infectious disease expert, said on Nov. 17 at the STAT Summit 2020, a virtual event, that as many as 20 million people in the US could get coronavirus vaccinations near the end of the year. By then, he said, there could be roughly 25 million doses of vaccine available from Pfizer and 15 million doses from Moderna. Both vaccination regimens require two shots a few weeks apart, so that would mean about 20 million people could get protection — a big step forward, though only a fraction of the US population.

Moderna on Monday summarized final data that had been analyzed by an independent monitoring board. The board analyzed 196 coronavirus cases diagnosed among the 30,000 study participants who received two shots four weeks apart and then went about their daily lives. Half of participants in the trial got the vaccine. The other half got placebo shots.

The analysis found that only 11 of the 196 people who came down with COVID-19 had gotten the vaccine. The other 185 cases occurred in recipients of the placebo. That indicated the vaccine has an efficacy rate of 94.1 percent — virtually the same rate as the 94.5 percent disclosed by the company two weeks ago after the first 95 coronavirus cases were diagnosed among volunteers. It’s a remarkable showing for any vaccine, let alone one based on novel technology.

Thirty of the 196 coronavirus cases in the latest analysis were deemed severe, including one that resulted in a participant’s death. All 30 severe cases were diagnosed in volunteers who got the placebo.

The vaccine was effective regardless of the age, race, ethnicity, and gender of volunteers, according to Moderna. In an indication of the diversity of trial participants, Moderna said the 196 volunteers who became ill with COVID-19 included 33 adults who were at least 65 years old and 42 participants who identified themselves as Hispanic, Black, Asian-American, or multiracial.

The study found no serious safety concerns. The most common side effects included pain at the injection site, fatigue, achiness, and headache. Side effects increased in frequency and in discomfort after the second jab.

Both the Pfizer and Moderna vaccines rely on synthetic messenger RNA, an ingenious variation on the natural substance that directs protein production in cells throughout the body. The vaccines contain custom-made messenger molecules that instruct cells to create a part of the coronavirus and then stimulate the immune system to make antibodies to fend off the disease. If it works — as the clinical trials indicate it does — the process would protect people if they got infected by the actual virus. No mRNA vaccine has ever been approved.

If Moderna’s vaccine ultimately wins FDA approval, it would transform the upstart biotech from a firm without any marketed products to one with a product that could generate $13 billion in sales next year, Goldman Sachs analyst Salveen Richter said in a recent note to investors.

Another vaccine candidate made by AstraZeneca, the British-Swedish pharmaceutical giant, and the University of Oxford, is the subject of a request to British regulators for emergency use in the United Kingdom.

AstraZeneca announced last week that the vaccine appeared to be up to 90 percent effective in a subset of participants in a late-stage trial. Soon afterward, the drug maker acknowledged a key dosing error that undermined the confidence of some scientists and created uncertainty about whether additional testing would confirm the results.

There are more than a dozen coronavirus vaccine candidates in late-stage trials globally. They use a variety of approaches, and no company could produce enough of one to protect the world’s 7.8 billion people.

No one knows how long any of the vaccines might confer immunity, but the answer is likely to emerge in coming months. Some experts say it’s possible that booster shots might be needed.


Jonathan Saltzman can be reached at jonathan.saltzman@globe.com.

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Stocks Set to Complete Strongest Monthly Rally Since April: Live Updates - The New York Times

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Credit...Robyn Beck/Agence France-Presse — Getty Images
  • The S&P 500 is about to complete its strongest month since April, propelled by the promise of several effective coronavirus vaccines that could bolster the economic recovery next year. But on Monday, U.S. stocks were set to open slightly lower, the first full day of trading since Wednesday after the Thanksgiving break.

  • Shares of Moderna surged in premarket trading after the drug maker said it would ask the Food and Drug Administration on Monday to authorize its coronavirus vaccine for emergency use, and that the first injections could begin by Dec. 21.

  • European indexes were lackluster and Asian stocks fell. The Stoxx Europe 600 index was little changed; energy stocks declined the most, but were offset by gains among health care companies. Britain’s FTSE 100 index rose 0.3 percent, the DAX in Germany rose 0.3 percent and the CAC in France fell 0.1 percent. The Nikkei 225 in Japan fell 0.8 percent and the Kospi in South Korea lost 1.6 percent.

  • The S&P 500 has gained more than 11 percent over the past month after Joseph R. Biden Jr. won the U.S. presidential election. He is expected to install former Federal Reserve chair Janet Yellen to be Treasury secretary, raising the prospects of more fiscal stimulus. Investors also predicted that an expected split Congress, with the Republican Party keeping control of the Senate, would hold off major tax hikes and regulation that would dampen the returns on their investments.

  • Oil prices fell on Monday as OPEC, a cartel of some of the world’s largest oil exporters, begins two days of teleconferences to discuss with Russia whether they should go ahead with a planned increase in production in January or maintain the current level of output restraints. Lockdowns have been decreasing demand for oil.

  • Analysts at Goldman Sachs suggested in a recent note that increasing oil output could lead prices to fall by $5 a barrel. On Monday, Brent futures, the European benchmark, fell 2 percent to $47.19 a barrel. West Texas Intermediate futures dropped 1.8 percent to $44.72 a barrel.

  • Gold prices extended their decline on Monday as traders moved away from the safe asset. This month, gold prices have fallen 5.8 percent, the worst monthly drop since November 2016.

Credit...Salgu Wissmath for The New York Times

This year’s Black Friday looked nothing like a usual one. Crowds at suburban malls and city shopping districts were comparatively sparse. With the coronavirus touching virtually every corner of the United States, social distancing, restrictions on business activity and health concerns kept many people home.

They shopped online, however.

According to Adobe Analytics, which scans 80 percent of online transactions across the top 100 U.S. web retailers, consumers spent $9 billion on Friday. That’s a 21.6 percent increase over Black Friday in 2019 and the second-biggest number for online retailers Adobe has ever tracked.

Another research firm, Facteus, which monitors millions of debit and credit card payments made in the United States, found that department stores’ in-person sales fell 17 percent on Friday, but that their online sales rose 79 percent. The firm found a similar pattern for electronics retailers.

And Friday’s online sales surge is expected to be outdone on Monday, which is Cyber Monday, a promotional event concocted in 2005 when most retailers still offer deep discounts online.

A large portion of consumer spending moved online long before the pandemic, but the global health crisis is accelerating that trend. About 59 percent of shoppers had started their holiday shopping by early November this year, the National Retail Federation estimated.

The holiday shopping season comes at a critical moment for the U.S. economy, which is struggling again as the number of coronavirus cases surges with the colder weather in many parts of the country. Millions of people are still out of work or have been forced into part-time employment. Overall consumer spending, which drives as much as two-thirds of economic activity, has slowed in recent months along with the expiration of some emergency government spending programs.

Sapna Maheshwari contributed reporting.

S&P Global, the owner of stock indexes like the Dow and the S&P 500, said on Monday that it plans to acquire IHS Markit for $44 billion, including debt. The transaction would create a financial information powerhouse at a time when data increasingly fuels automated trading.

The all-stock deal — the biggest announced so far this year — would give S&P Global control of IHS Markit, whose software is used by many of the world’s biggest financial institutions.

It is the latest show of strength by big companies amid the pandemic. Corporate boards have increasingly come to believe that getting bigger will help them ride out the turbulence caused by the coronavirus, while investors have encouraged companies to use stocks and cheap debt to buy growth.

Other big deals struck so far this year include Nvidia’s $40 billion takeover of the computer chip designer Arm and Aon’s $30 billion acquisition of its rival insurance broker Willis Towers Watson.

Financial data has long been one of the most coveted commodities on Wall Street, as demonstrated by the multibillion-dollar value of Bloomberg L.P., the empire of former New York City Mayor Michael R. Bloomberg.

Big deals in recent years have further illustrated its worth: Last year, the parent of the London Stock Exchange agreed to buy Refinitiv, the former data arm of Thomson Reuters, for $14.5 billion.

IHS Markit itself was the product of a 2016 merger between IHS, which was founded in 1959 as a repository for aerospace data, and Markit, which was created in 2003 as a source of price information about the financial derivatives known as credit-default swaps.

Under the terms of the deal, S&P Global will own nearly 68 percent of the combined company, while investors in IHS Markit will own the remainder.

The companies expect the deal to close in the second half of next year, pending approval from shareholders and antitrust regulators.

Credit...Eugene Hoshiko/Associated Press

The head of the Tokyo Stock Exchange resigned on Monday, nearly two months after a technical glitch at the exchange shut down equities trading across Japan in a major if temporary disruption to the financial markets in the world’s third largest economy.

The decision by the exchange’s president and chief executive, Koichiro Miyahara, followed an announcement earlier in the day by Japan’s financial regulator that it had issued a business improvement order to the exchange and its parent company, the Japan Exchange Group.

In a news conference on Monday, Akira Kiyota, chief executive of the parent company, announced that he would be taking over from Mr. Miyahara and pledged to avoid future shutdowns. He also said that he would take a 50 percent pay cut as an expression of contrition for the problems caused by the shutdown.

The disruption occurred early on the morning of Oct. 1 after the system that runs the exchange failed to switch to a backup in response to a hardware problem. The problem cascaded across Japan, shutting down most of the country’s major exchanges for a full day and rattling investor confidence.

The Tokyo Stock Exchange is the world’s third-largest equity market, behind the New York Stock Exchange and the Nasdaq Stock Market, with nearly $6.2 trillion worth of stocks, according to the World Federation of Exchanges. It has the most listed companies of any major exchange and handles tens of billions of dollars of business on an average day.

Japan had last experienced a systemwide shutdown in 2005.

Credit...Sylvia Jarrus for The New York Times

Nearly a year into a pandemic that has ravaged the global economy, the only clear pathway toward improved fortunes depends on containing the virus.

With the United States suffering its most rampant transmission yet, and with major nations in Europe again under lockdown, prospects remain grim for a worldwide recovery before the middle of next year, Peter S. Goodman reported in The New York Times. Substantial job growth could take longer.

The most significant hope emerged this month in the form of three vaccine candidates, easing fears that humanity could be subject to years of intermittent, wealth-destroying lockdowns.

The prospects of a global turnaround can be seen in China’s aggressive efforts to contain the virus after initially covering up the epidemic. Its factories roared back to life, and its 1.4 billion people resumed spending, making China a rare engine of growth in the world economy.

Between July and September, as the apparent containment of the virus proved effective along with the lifting of government restrictions, most major economies expanded sharply. The United States grew more than 7 percent compared with the previous quarter, and Germany by more than 8 percent. The British economy expanded by nearly 16 percent, and France’s economy grew 18 percent. Such performances were embraced by some as proof that economies would snap back as soon as the virus was gone.

Unlike in the aftermath of the global financial crisis, when households were contending with crippling debts — especially in the United States — many households in large economies are this time flush with cash, given the enforced savings regimen of the lockdowns.

“You have a lot of pent-up money,” said Kjersti Haugland, chief economist at DNB Markets, an investment bank in Oslo. “This is definitely a scenario for a rebound.”

Credit...Brendan Mcdermid/Reuters

Amazon has embarked on an extraordinary hiring binge this year, vacuuming up an average of 1,400 new workers a day and solidifying its power as online shopping becomes more entrenched during the coronavirus pandemic.

The spree has accelerated since the onset of the pandemic, which has turbocharged Amazon’s business and made it a winner of the crisis. Starting in July, the company brought on about 350,000 employees, or 2,800 a day, The New York Times’s Karen Weise reports. Most have been warehouse workers, but Amazon has also hired software engineers and hardware specialists to power enterprises such as cloud computing, streaming entertainment and devices, which have boomed in the pandemic.

The scale of hiring is even larger than it may seem because the numbers do not account for employee churn, nor do they include the 100,000 temporary workers who have been recruited for the holiday shopping season. They also do not include what internal documents show as roughly 500,000 delivery drivers, who are contractors and not direct Amazon employees.

The new hires have increased Amazon’s global work force to more than 1.2 million employees.

Amazon’s rapid employee growth is unrivaled in the history of corporate America. It far outstrips the 230,000 employees that Walmart, the largest private employer with more than 2.2 million workers, added in a single year two decades ago. The closest comparisons are the hiring that entire industries carried out in wartime, such as shipbuilding during the early years of World War II or home building after service members returned, economists and corporate historians said.

The company has also almost tripled the number of U.S. warehouses used for last-mile deliveries this year, said Marc Wulfraat, founder of the logistics consulting firm MWPVL International, who tracks Amazon’s operations. The delivery drivers are usually contractors, so Amazon does not disclose their numbers in regulatory filings.

“They have built their own UPS in the last several years,” Mr. Wulfraat said. “This pace of change has never been seen before.”

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Gordon Hayward trade: Hornets complete sign-and-trade with Celtics - Sporting News

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The Hornets completed the acquisition of Gordon Hayward in a sign-and-trade with the Celtics, it was announced on Sunday.

Hayward, an unrestricted free agent, moves to the Hornets along with second-round draft picks in 2023 and 2024 in exchange for a protected 2022 second-round selection. The deal also creates a salary cap wrinkle known as a traded player exception. Boston gains a reported NBA-record $28.5 million in cap space that can be used to add players over the next 12 months.  

MORE: Best and worst contracts of NBA free agency 2020

While terms of the contract were not disclosed, Hayward has reportedly signed a four-year, $120 million deal in Charlotte.

Hayward was due to earn $34.2 million with the Celtics in 2020-21, but the 2017 All-Star opted to leave Boston after three years.

"We are thrilled to welcome Gordon and his family to the Hornets organization and Charlotte," Mitch Kupchak, Hornets president of basketball operations and general manager, said in a prepared statement.

"Gordon is an NBA All-Star, a proven scorer and playmaker and a tough competitor that will fit well into the needs of our team.

"We believe that his basketball talent, NBA experience and veteran leadership will make a positive impact on our young, talented team as it continues to develop."

Hayward left the Jazz for the Celtics on a four-year max contract via free agency in 2017, but he endured a difficult time in Boston.

The ninth pick in the 2010 NBA Draft, Hayward suffered a gruesome fractured tibia and dislocated ankle in his first game for the Celtics three years ago.

Hayward struggled to recapture his best form the following season, and the 30-year-old suffered a broken bone in his hand in November before suffering a sprained right ankle during Boston's sweep of the 76ers in the opening round of last season's playoffs in the Orlando bubble.

He did not return until midway through the Eastern Conference finals against the Heat.

Hayward averaged 17.5 points, 6.7 rebounds and 4.1 assists per game for the Celtics last season after averaging 11.5 points, 4.5 rebounds and 3.4 assists in 2018-19.

Since entering the league, Hayward is averaging 15.3 points, 4.4 rebounds and 3.5 assists per game.

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NBA trade tracker: Hornets complete sign-and-trade with Celtics for Gordon Hayward; Pelicans land Steven Adams - CBS Sports

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NBA: Preseason-Oklahoma City Thunder at Minnesota Timberwolves
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The NBA's offseason will be moving at a lightning speed this time around as the league has to fit the draft, free agency, training camp and the preseason all before the regular season tips off on Dec. 22. The NBA Draft has come and gone, with free agency having opened on Nov. 20. Although the free agency market won't be as robust this offseason as teams prepare for bigger names to become available in 2021, the trade market is expected to be incredibly active. 

Now that the transaction moratorium has lifted around the league, trades can now be made official, and teams are starting to deal players and picks to better position themselves for the upcoming season. Here are the latest trades that have been reported around the league.

Hornets, Celtics complete sign-and-trade for Gordon Hayward

The Boston Celtics aren't losing forward Gordon Hayward to the Charlotte Hornets for nothing. Hayward will be signed and traded from Boston to Charlotte along with two future second-round picks in 2023 and 2024, in exchange for a conditional future second-round pick in 2022, according to ESPN. The Celtics will also receive a trade exception in the deal. At $27.9 million, Boston's exception is the largest in NBA history.   

Lakers trade McGee to Cavs for Jordan Bell and Alfonzo McKinnie

In order to make room for the signing of Marc Gasol, the Lakers are reportedly shipping off JaVale McGee to the Cleveland Cavaliers, after the veteran big man opted into his player option last week. The Lakers will receive Bell and McKinnie in return for McGee, both of whom will be on non-guaranteed contracts which allows L.A. to waive them if it chooses. The addition of McGee makes up for the loss of Tristan Thompson, who joined the Celtics in free agency.

Pistons swap Tony Bradley to 76ers for Zhaire Smith

Zhaire Smith once tempted the 76ers enough to trade Mikal Bridges on draft night, but after three seasons marred by health issues, he is headed to Detroit in exchange for Tony Bradley, according to ESPN's Adrian Wojnarowski. Bradley will give Philadelphia some extra depth behind Joel Embiid and Dwight Howard. Smith, meanwhile, is another highly-drafted project for Detroit. The Pistons signed Josh Jackson earlier this week for the same reason. He has talent, but the 76ers never managed to maximize it. Maybe the Pistons can. 

Pelicans acquire Steven Adams in four-team trade

The Oklahoma City Thunder continue to overhaul their roster this offseason as the team has now moved on from Chris Paul and starting center Steven Adams via trade. According to Adrian Wojnarowski of ESPN.com, Adams will be heading to the New Orleans Pelicans as part of a four-team trade including the Milwaukee Bucks and Denver Nuggets. The deal will serve as an expansion of the previously agreed upon deal sending Jrue Holiday from New Orleans to Milwaukee, for a package that will send future first-round and second-round picks back to Oklahoma City. The Nuggets, as part of the deal, will receive the draft rights to RJ Hampton. 

Thunder acquire Trevor Ariza in three-team trade

Trevor Ariza is reportedly on the move again. According to Adrian Wojnarowski of ESPN.com, the Pistons have agreed to send Ariza and draft compensation to the Oklahoma City Thunder as part of a three-team trade which also includes the Dallas Mavericks. In addition to Ariza changing locations yet again, the Mavericks will be sending Delon Wright to Detroit and Justin Jackson to Oklahoma City. Also, the Thunder will be sending James Johnson to Dallas. 

Celtics trade Enes Kanter to Trail Blazers in three-team deal

The Boston CelticsPortland Trail Blazers and Memphis Grizzlies have agreed to a three-team deal that will send Enes Kanter to the Trail Blazers, according to ESPN's Adrian Wojnarowski. In addition, the Trail Blazers will send Mario Hezonja to the Grizzlies, who also get the 30th overall pick in the 2020 Draft, Desmond Bane. The Celtics, meanwhile, will get Kanter off their books, and also receive a future draft pick from the Grizzlies, per Wojnarowski. 

Celtics trade Vincent Poirier to Thunder for a second-round pick

The Celtics are facing a roster crunch. Even after trading the No. 30 overall pick and seeing Gordon Hayward opt-out of his contract, all 15 of their roster spots were accounted for. To create a bit of extra room to work with this offseason, they announced a trade sending backup center Vincent Poirier to the Oklahoma City Thunder Thursday for a conditional (likely top-55 protected) second-round pick. The move means little in basketball terms, but it creates another roster spot for the Celtics to use in free agency. 

Warriors absorb Kelly Oubre Jr. into their trade exception

The Warriors had a rare opportunity to add veteran talent thanks to a $17.2 million trade exception generated by dealing Andre Iguodala to Memphis last summer. Now, they are using it to absorb the $14.4 million contract of Kelly Oubre Jr. from the Oklahoma City Thunder, according to ESPN's Adrian Wojnarowski. The Thunder will receive Golden State's 2021 first-round pick if it falls between No. 21 and No. 30. If not? The Thunder will receive two second-round picks. The Warriors will pay a hefty tax burden to take on Oubre, but with Klay Thompson out for the year, they'll need all the help they can get. 

Jazz trade Ed Davis, two second-round picks to Knicks

The Jazz are shedding a bit of salary according to ESPN's Adrian Wojnarowski. Ed Davis, who is owed around $5 million, is headed to the New York Knicks along with two second-round picks. The move helps the Jazz create room below the luxury tax line to possibly re-sign Jordan Clarkson and pursue a free agent with the non-taxpayer mid-level exception. The Knicks, on the other hand, are finally using their cap space to accumulate assets as many argued they should have in 2019. 

The Pistons continue to wheel and deal under new GM Troy Weaver. This time, they added a serviceable big man in Dewayne Dedmon in exchange for forward Tony Snell and guard Khyri Thomas, according to ESPN's Adrian Wojnarowski. Dedmon provides the Pistons with some insurance at the center spot should the team ultimately lose Christian Wood in free agency. Atlanta continues to try to build into a contender in the Eastern Conference, and Snell and Thomas could prove to be rotation pieces for them. 

Jazz trade Tony Bradley and No. 38 pick to Pistons for future considerations

The Pistons have made a number of moves in Troy Weaver's first draft as Detroit's GM and they have added another big man to the fold by acquiring Tony Bradley from the Utah Jazz as well as the rights to the No. 38 overall pick in the 2020 NBA Draft, per ESPN's Adrian Wojnarowski. Bradley will provide the Pistons with depth in the frontcourt as a serviceable big man who can provide minutes off of the bench.

The Sixers are trading veteran forward Al Horford along with a protected 2025 first-round pick, the 34th overall pick in the 2020 draft and the rights to Serbian guard Vasilije Micic to the Oklahoma City Thunder for veteran guard Danny Green. Micic, 26, is considered one of Europe's top point guards. The Thunder will also send Terrance Ferguson to the Sixers as part of the deal. Horford has three years remaining on the four-year, $109 million deal that he signed with the Sixers last offseason, while Green has one year remaining on his current contract and is set for unrestricted free agency at the end of the 2020-21 season.  

Knicks acquire No. 23 pick, Ante Tomic from Jazz for 27th, 38th picks

New York acquired a higher pick in the first around to go along with its No. 8 overall pick in Wednesday's draft, the team announced. The Jazz have also sent the draft rights of 2008 second-round pick Ante Tomic, who isn't expected to play in the NBA. It's unclear what New York's plan is for its newly acquired pick in the draft, perhaps it could be part of a larger trade package prior or during Wednesday night's draft. 

Bucks acquire Bogdanovic from Kings for DiVincenzo, Ilyasova, Wilson

Bogdan Bogdanovic, 28, will join the Bucks on a new contract, the terms of which have yet to be reported. Milwaukee will also receive wing Justin James in the deal.

With this move and the Jrue Holiday deal announced earlier, the Bucks have made their big splash. Bogdanovic has seemed like a logical target since they elected not to re-sign Malcolm Brogdon last summer, as he brings an appealing combination of shooting and playmaking to a roster in need of both. Milwaukee was short on creators even when it had Brogdon, and Bogdanovic will add some juice to an offense that was nearly unstoppable in the regular season but could get stagnant come playoff time. 

Bucks acquire Holiday from Pelicans for Bledsoe, Hill, three first-round picks

Jrue Holiday, 30, is one of the league's best defenders and one of the top players on the trade market. He is one of the few guards in the league who does not represent a downgrade from Eric Bledsoe when it comes to perimeter defense, and his size makes him more versatile. More importantly, Holiday is a massive upgrade on the other end of the court. For two straight seasons, Milwaukee's dominant regular-season offense has looked stilted and predictable against elite playoff defenses. It needed more playmaking, and Holiday provides just that, while only strengthening its defense-first identity. Last season, he averaged 19.1 points, 6.7 assists and 4.8 rebounds for the Pelicans.

Hill was one of the league's better reserves last season, and the Bucks have sacrificed some depth in trading two rotation players for one. That is a problem for the front office to solve as the offseason moves forward, as is the need for more shooting. Holiday is a decent but not great spot-up shooter, which is par for the course on this Milwaukee roster. Hill was an exception to that -- he made an extraordinary 46 percent of his threes last season.

Trail Blazers acquire Covington from Rockets for Ariza, two first-round picks

Robert Covington will be a welcome addition for the Blazers, who lacked wing depth all of last season after the departure of Al-Farouq Aminu and Moe Harkless. The prototypical modern NBA 3-and-D wing, the 6-7 Covington is a 36 percent career 3-point shooter who should be able to space the floor for Damian Lillard and CJ McCollum in a Portland offense that finished third in efficiency last season at 113.2 points per 100 possessions.

The Rockets reacquire Ariza, who averaged 12.2 points, 5.1 rebounds and 1.8 steals while shooting 36 percent from the 3-point arc in four seasons with Houston from 2014-2018. Ariza might not want to look into Houston real estate just yet, however. If the Rockets are truly committing to a rebuild, he's a strong candidate to be flipped to a contender given his championship experience.

Suns acquire Paul from Thunder for Oubre, Rubio, Jerome, Lecque 

Phoenix has positioned itself as a team that could fight for playoff positioning next season after acquiring Chris Paul from the Thunder in exchange for Kelly Oubre Jr., Ricky Rubio, Ty Jerome and Jalen Lecque, per The Athletic's Shams Charania. Paul will be reunited with head coach Monty Williams, who coached him in his early days with New Orleans. The veteran guard will provide the Suns with leadership they desperately needed. With Paul installed as the starting point guard, it will take some of the offensive load off Devin Booker, who may finally be able to realize his full potential under Paul's guidance.

For the Thunder, this is the second trade the franchise has executed so far in the offseason, but this time, the return of Oubre, Rubio, Jerome and Lecque gives them young pieces for the future. 

Lakers to trade Green, 2020 first-round pick to Thunder for Schroder

After being crowned champions inside the NBA bubble, the Lakers are already making moves to ensure they can defend their crown for the 2020-21 season. According to ESPN's Adrian Wojnarowski, Los Angeles is sending Danny Green and the 28th overall pick in the 2020 NBA Draft for Dennis Schroder. The veteran guard gives L.A. another player who can create for himself, which should help strengthen the bench when LeBron James and Anthony Davis need a rest. It also shores up the Lakers backcourt if they don't re-sign Rajon Rondo, who reportedly opted out of his $2.6 million player option for next season, making him an unrestricted free agent. Schroder's deal expires after this upcoming season, so it also allows L.A. to be flexible for 2021. 

For the Thunder, moving Schroder signals that this team is going full rebuild heading into the 2020-21 season. Getting back a first-round pick just adds to the stockpile of draft selections that OKC has accumulated over the last two years, and the Thunder can now also flip Green to a different contending team for another draft pick, or perhaps a young prospect. 

Pistons sending Brown to Nets for Musa, 2021 second-round pick

The Nets reportedly like the defensive toughness that Bruce Brown can bring to their squad, while the Pistons will be getting Dzanan Musa, who was selected 29th overall in the 2018 NBA Draft, per Wojnarowski. Musa never found his footing in the Nets organization, but will get more opportunity to prove himself with a Detroit team that is in the process of a rebuild. 

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