5 Top Trending News December 22nd,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 22nd, 2020.

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Coronavirus

  1. In a month The State of California could be facing a once-unthinkable caseload of nearly 100,000 hospitalizations. That is what, Governor Gavin Newsom and the state’s top health official said Monday.
  2. President-elect Joe Biden received his first dose of Pfizer’s coronavirus vaccine on Monday.
  3. The White House is considering mandating travelers coming from the U.K. to provide a negative coronavirus test. Precisely, within 48 or 72 hours of their arrival in the U.S. 
  4. The European Medicines Agency (EMA) signed off on the COVID-19 vaccine developed by Pfizer and BioNTech on Monday. Hence, leading the EU’s executive commission to approve its use hours later.
  5. Pfizer and Moderna are testing their vaccine against the new coronavirus variant.
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Politics

  1. President Trump lashed out at Senate Majority Leader Mitch McConnell on Monday night for acknowledging Joe Biden won the election.
  2. Federal prosecutors for the Southern District of New York have discussed making a legal request for Rudy Giuliani’s electronic communications.
  3. A statue of Confederate general Robert E. Lee has been removed from the United States Capitol. Actually, the statue belonged to Virginia. Moreover, the state will be replacing it with a statue of civil rights icon Barbara Johns.
  4. Dozens of email accounts at the Treasury Department were compromised in a massive breach of U.S. government agencies being blamed on Russia. Indeed, hackers breaking into systems used by the department’s highest-ranking officials.
  5. Attorney General William Barr said Monday said, there is no reason for special counsels to investigate the election. In addition to Hunter Biden. Also, there is no basis to seize voting machines.

“if I thought a special counsel was appropriate, I would name one, and I haven’t.”, Attorney General William Barr.

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Business

  1. Peloton shares soared Monday after the company announced it plans to acquire the exercise equipment manufacturer Precor for $420 million. 
  2. Facebook and Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising. That is, according to an unredacted version of a lawsuit filed by 10 states against Google last week.
  3. The good news is this is a very, very fast way of getting money into the economy. Also, let me emphasize: people are going to see this money at the beginning of next week, Mnuchin told CNBC host Jim Cramer.
  4. SoftBank Group filed to launch a special purpose acquisition company on Monday. In addition, it said it planned to raise $525 million for an investment in a technology company.
  5. Senate Passes $900 Billion Covid-19 Relief Package. Currently, here are the highlights of the package.
  • Federal jobless benefits of $300 per week for 11 weeks. In addition, it would be effective through March 14, 2021.
  • $248 billion for Paycheck Protection Program loans for small businesses.
  • $600 checks for individual taxpayers. But only for eligible individuals with earnings under $75,000 per year and their child dependents.
  • $25 billion in rental relief and nationwide eviction moratorium through January 31, 2021.
  • $13 billion in increased SNAP funding.
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