A ban on Chinese apps, movement in the Georgia Senate races, a final step toward a Biden presidency, the future of manufacturing, and COVID-19’s blow to Connecticut’s casino are among the key business stories this morning.
Global
China is accusing the United States of unfairly attempting to undermine competition after President Donald Trump issued an executive order forbidding the use of several Chinese apps to make transactions. The Trump Administration says its order is based on national security and data privacy concerns. The Associated Press reports on the dispute.
National
Numerous media outlets are calling one of the two Senate races in Georgia, projecting that Democratic candidate Raphael Warnock will defeat Republican incumbent Kelly Loeffler. The other race, between Democratic candidate John Ossoff and Republican candidate John Perdue, remains too close to call. If Ossoff wins, the Senate will be split evenly but Democrats will have the ability to break ties once Vice President Kamala Harris takes office.
Congress is set to certify the results of the Electoral College vote declaring Joe Biden to be the next President of the United States. The certification is expected to move forward despite plans by some lawmakers to object based on Trump’s claims that voter fraud affected the election result. CNBC has more.
The Wall Street Journal notes an unusual trend in the economic downturn occasioned by the COVID-19 pandemic: while manufacturers are usually hammered during recessions, they have actually benefitted during the current situation.
Connecticut
Annual reports show that Connecticut’s two casinos, Mohegan Sun and Foxwoods Resort Casino, have suffered major revenue losses during the COVID-19 pandemic. The Day reports on this impact and the casinos’ expectations moving forward.
