Not to be outdone by Pfizer’s big announcement, Russia’s state-run Gamaleya Research Institute announced Wednesday that its Sputnik V vaccine is 92% effective.
Why it matters: Experts have criticized the lack of transparency around the vaccine and the haste with which the Kremlin approved it, but several countries are lining up to gain access.
President Trump signed an executive order Thursday prohibiting American companies and individuals from owning shares in any of the 31 Chinese companies previously listed as enabling the People’s Liberation Army, effective Jan. 11.
Why it matters: Many of these companies trade on U.S. exchanges and are sometimes purchased by American investors as part of mutual funds. It’s unclear what effect Trump’s latest sanctions could have on the markets.
Secretary of State Mike Pompeo is planning to visit the Golan Heights and an Israeli settlement in the West Bank next week, both firsts for a U.S. secretary of state.
Why it matters: Since 1967, all previous U.S. administrations have treated the West Bank and Golan Heights as occupied territory.
The long-feared autumn spike in coronavirus cases has arrived, both in Europe and in the U.S. — and there's a huge difference in how the two regions are reacting. Europe is on an emergency footing, while America ... isn't.
Why it matters: We've seen this movie before, and we've seen the need for coordinated government action, from public-health agencies to fiscal policy to monetary policy. That's happening in Europe. It's not happening here.
The Swiss intelligence service has known since at least 1993 that Switzerland-based encryption device maker Crypto AG was actually a front for the CIA and its German counterpart, according to a new report released by the Swiss Parliament, but Swiss leaders were in the dark until last year.
Why it matters: Switzerland’s intra-governmental information gap is unlikely to be welcome news in Europe, which already looks warily upon the U.S.’ expansive surveillance practices. Still, Crypto AG provided information of incalculable value to U.S. policymakers over many decades.
As the dust settles on the 2020 presidential election, it's becoming clear that the process proved sturdy, with no known attacks on voting infrastructure and no 2016-style vast foreign meddling campaigns to disrupt American democracy.
Yes, but: The ongoing disinformation campaign from President Trump and his allies, as they refuse to accept his loss, illustrates that the country does not need outside intrusions to undermine the integrity of our elections.
Tech stocks rebounded slightly in China after Wednesday’s selloff that had been prompted by new antitrust rules proposed by Chinese regulators.
Why it matters: The regulations could limit the power of China’s biggest tech companies. By the FT’s math, the country’s tech sector lost $290 billion in value in the space of two days.
Tropical Storm Eta was unleashing more strong winds, heavy rains and "dangerous storm surge" over parts of Florida early Thursday, ahead of an expected second landfall in the state, per the National Hurricane Center.
The state of play: Eta was pummeling Florida's west coast overnight after briefly strengthening into a Category 1 hurricane offshore from the state's southwest. Gov. Ron DeSantis (R) tweeted Wednesday evening that FEMA had granted his request for a pre-landfall emergency declaration.
