Here is the latest news from The Associated Press
November 25, 2020
TOKYO (AP) — Global shares have mostly edged down after the Dow Jones Industrial Average closed above 30,000 points for the first time. Investors seem to be catching their breath after pushing stocks higher in recent days on hopes that coronavirus vaccines will gradually loosen the pandemic’s stranglehold on the economy. US futures are down slightly on Wednesday, with the future for the Down slipping 0.3%. Asian markets were mixed on the close and European indexes lost early gains. Traders were also encouraged by the transition of power in the U.S. to President-elect Joe Biden and that Biden had selected Janet Yellen, a widely respected former Fed chair, as treasury secretary.
WILMINGTON, Del. (AP) — President-elect Joe Biden has introduced his selections for his national security team. It’s his first substantive offering of how he’ll shift from President Donald Trump’s “America First” policies by relying on a slate of foreign policy and national security experts from the Democratic establishment to serve as some of his most important advisers. Biden’s Washington veterans all have ties to the Obama administration as the president-elect has sought to deliver a clear message about his desire to reestablish a more predictable engagement from the United States on the global stage. Biden said his team “reflects the fact that America is back.”
LASALLE, Ill. (AP) — State officials have launched investigations into a coronavirus outbreak at a veterans nursing home in Illinois that has infected nearly 200 residents and staff members, and killed 27 veterans. News outlets report the outbreak happened at the state-run LaSalle Veterans’ Home. The state’s Department of Veteran’s Affairs on Tuesday requested an independent probe into the facility. The current outbreak was identified in late October when a staff member and a resident tested positive for the virus. The home was not largely impacted by the pandemic until then. As of Tuesday morning, 40 residents and 24 staff members were positive for the virus. There are currently 101 residents at the home.
LOS ANGELES (AP) — California’s health secretary urged people to say “no” to family and friends who want to gather for Thanksgiving, joining other officials in issuing dire warnings about the spread of the coronavirus. Dr. Mark Ghaly said Tuesday that it’s not too late to cancel or change plans to limit celebrations. The warning came as the pandemic forced four more counties with surging cases to be placed under the most restrictive rules for business operations and as Los Angeles was poised to issue the first stay-home order since spring.
SEOUL, South Korea (AP) — South Korea says 60 new army recruits at a boot camp have tested positive for the coronavirus in the military’s largest outbreak. The Defense Ministry says they were undergoing basic training at an army unit in Yeoncheon, a town near the tense border with North Korea, at the start of their 18 months of mandatory military service. It says one of the recruits was found to have contracted the virus on Wednesday morning and 59 others tested positive later in the day. It says more tests are under way to determine whether 860 other recruits and troops at the Yeoncheon unit were also infected.