Here is the list of news you need to catch up for today:
- Joe Biden Was Elected as 46th President of the USA
- Plan of the New President to Combat Covid – 19
- Berkshire Hathaway’s Profit Hits the Record High
Joe Biden Was Elected as 46th President of the USA
On October 7th, Saturday the world received the news about the new president of the USA. The USA’s choice was Joe Biden. At that moment continuing in Pennsylvania, Nevada, Arizona, North Carolina, and Georgia. However, according to the current table, Biden won the race in Pennsylvania with 20 delegates, and the number of elective delegates reached 273. A few hours after the results were announced in Pennsylvania, it was announced that Biden was also the winner in the state of Nevada. Thus, Biden reached 279 delegates. Thus, it was necessary to get at least 270 delegates to announce victory.
‘’America, I am honored that you chose me to lead this great country,” Biden shared on Twitter. A challenging task awaits us, but I promise that. Whether you vote for me or not, I will be president of all Americans. ” he said.
Joe Biden, who was elected as the 46th president of the United States of America (USA), appeared before the public yesterday with the first woman US Vice President Kamala Harris, whom he elected as his deputy. Delivering his speech with important statements, Joe Biden said that he promises not to divide the country and the people and announced his first actions to be taken.
Biden announced that he will take actions in order to fight the corona virus; help the economy, health services, systematic efforts to fight racism and reach the equality of races, the climate crisis and democracy in the USA.
Biden also announced its first action to the public on Monday. “My first job on Monday will be to appoint scientists for the Covid-19 fighting team. Our job starts by taking Covid-19 under control.”
“I will fulfill all my efforts and promises to reverse this epidemic.” Joe Biden said.
Donald Trump’s campaign team issued a written statement following the announcement that Joe Biden had won the presidential election, saying “Joe Biden has not been officially declared a winner in any state.”
‘’ We believe these people are thieves. The big city machines are corrupt. This was a stolen election. Best pollster in Britain wrote this morning that this clearly was a stolen election, that it is impossible to imagine that Biden outran Obama in some of the states.’’ Trump claimed on his Twitter account.
Donald Trump said that he will request a recount in some states since election night. Trump’s applications, that were sent to the court with claims of fraud in Michigan and Georgia, where he lost with a small difference, were rejected because of lack of evidence.
Plan of the New President to Combat Covid – 19
According to AP Vote Cast data, many of the Americans who voted for Biden, ranked the pandemic as the most important issue facing the United States at the moment.
“On Monday, I will name a group of leading scientists and experts to take the Biden-Harris pandemic plan and turn it into an action plan that starts on Jan. 20, 2021,” the president announced.
The names of the dozen experts and scientists who will work on his coronavirus task force are scheduled to be revealed today by Biden.
On Saturday, October 7th, CNN reported that this coronavirus fighting task will be led by former Surgeon General Dr. Vivek Murthy, former US Food and Drug Administration Commissioner Dr. David Kessler and Yale University’s Dr. Marcella Nunez-Smith.
Below we will list the summary of the president’s proposal to fight the coronavirus:
Scientists announced that the nation needs tens of millions of tests per day to keep the pandemic under control. Therefore, Biden promised that all Americans will have access to regular, reliable and free testing. Increased testing and contact tracing will be the first action to slower the pandemic, that is increasing at the moment in the USA, reaching over 100.000 cases per day.
Since March, Trump’s team has spent billions of dollars to develop Covid-19 vaccines and treatments. Its planning to produce and deliver 300 million doses of safe vaccines by January 2021. Some of the potential vaccines are still being testes.
Biden promises to invest 25 billion dollars more to make and distribute vaccines to everyone in the country for free. This, additional investments in vaccines and treatments will be another action plan to be taken by the new president.
Moreover, Biden said that he will work with the local governors and mayors to make wearing masks mandatory. An October study released that if 95% of the Americans wore masks, more than 100.000 lives could be saved from the pandemic.
Another action plan Biden is planning to take, is to help people get the health insurance. Since millions of Americans have lost their health insurance during the pandemic due to unemployment, Biden’s plan offers to get the government to cover 100% of the costs for the duration of the crisis.
Biden’s national policy director, Stef Feldman announced that: “So when people lose their employer-based health insurance, they can stay on that insurance, given the moment we are in.”
The CDC will prepare specific guidance with the support of Biden’s plan in communities that have been the most affected and take necessary precautions, such as how to open schools and businesses under safe conditions. There will be certain restrictions on gatherings and stay-at-home orders will be executed when it is necessary.
Top-tier public health experts prepared a framework by evaluating community risks. Therefore, this framework would make a great impact to prevent the harmful effects of the pandemic.
Berkshire Hathaway’s Profit Hits the Record High
Berkshire Hathaway announced a rise in the profits of the third quarter of the year.
This increase in the profits was driven by the investment portfolio owned by Berkshire, including shares in Apple, American Express and BOA. As the US stock market continued to surge, it increased by $25bn for the time.
Berkshire generated 30.1 billion dollars in the third quarter cutting the taxes, or 18.994 dollars per share A class, that was raised by the investment gains by 24.8 billion dollars. The third quarter earnings were higher than year-earlier period that was 16.5 dollars.
Berkshire purchase 2.4 billion dollars of its own stock back in October due to the drop in the company’s share count. They were planning that, the increase in the buybacks may help to temper.
Cathy Seifert, an analyst who covers the company’s CFRA Research, said the rise in buybacks may help temper investors who are unhappy with the decrease in operating profits, particularly from Berkshire’s insurance business.
“We are pleased to see this level of buybacks — it was frustrating to see them hoard, and grow, the cash pile,” an analyst Jim Shanahan said.
