5 Top Trending News December 19th,2020

Every day we curate the top trending stories and news in America and summarize them for easy digestion. Here are 5 top trending news today December 19th, 2020.

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Coronavirus

  1. F.D.A. grants Moderna’s coronavirus vaccine for emergency use in The United States.
  2. Vice President Mike Pence, Second lady Karen Pence, and Surgeon General Jerome Adams receive a televised COVID-19 vaccination. 
    Pelosi, McConnell receive coronavirus vaccine from the Capitol’s top doctor.
  3. President-elect Joe Biden and future first lady Jill Biden will be vaccinated on Monday, incoming White House press secretary Jen Psaki announced Friday.
  4. Gov. Gavin Newsom said during a news conference Tuesday that he was activating its “mass fatality” program in response to “sobering” Covid-19 data.
  5. Around five recipients of Pfizer Inc and BioNTech SE’s COVID-19 vaccine in the United States have had allergic reactions this week, a top U.S. Food and Drug Administration official said on Friday during a press conference.

Dr. Peter Marks, director of the FDA’s Center for Biologics Evaluation and Research, said that a chemical called polyetheylene glycol that is an ingredient in both the Pfizer vaccine and the Moderna Inc vaccine authorized on Friday “could be the culprit” causing the reactions.

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Politics

  1. The State Department has informed Congress that it plans to shutter its last two consulates in Russia over caps set by Moscow on the number of diplomats that are allowed in the country.
  2. President Trump Friday signed a stopgap funding measure to keep the government funded for 48 hours while lawmakers try to finalize an agreement on an economic relief bill.
  3. Acting Defense Secretary Chris Miller ordered a Pentagon-wide halt to cooperation with the transition of President-elect Biden.
  4. New reporting from Business Insider reveals Trump’s son-in-law and adviser Jared Kushner helped create a Trump campaign shell company that secretly paid the president’s family members and spent $617 million in reelection cash.
  5. The U.S. Supreme Court on Friday dismissed a challenge to President Donald Trump’s plan to leave undocumented immigrants out of the final census count, giving the president a partial victory, though possibly a temporary one.

“This case is riddled with contingencies and speculation,” the court said in a short, unsigned opinion, referring to the states’ challenge to Trump’s plan. “The policy may not prove feasible to implement in any manner whatsoever.”

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Business

  1. Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America and strong demand for its sneakers and workout apparel from Chinese consumers.
  2. The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock.
  3. EU says EU-UK face weekend ‘last attempt’ to get trade deal.
  4. Tencent doubles stake in Universal Music increasing its growing presence in the record industry.
  5. President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said.

“The Holding Foreign Companies Accountable Act” bars securities of foreign companies from being listed on any U.S. exchange if they have failed to comply with the U.S. Public Accounting Oversight Board’s audits for three years in a row.

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