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Dow rallies 700 points as US election vote count continues – Al Jazeera English

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The major stock indexes in the United States opened higher on Wednesday and kept on ralllying after a long election night produced no clear winner in an historic presidential race.

With votes still being counted in six key battleground states, the Dow Jones Industrial Average vaulted more than 250 points at the open of trading on Wall Street and kept building on those gains.

Around noon in New York, the thirty-share index was up more than 720 points or 2.62 percent at 28,200.13

The S&P 500 – a gauge for the health of US retirement and college savings reports – was up 3.16 percent while the tech-heavy Nasdaq Composite Index surged 4.23 percent as investors piled into tech shares – which have been outsized winners this year.

Wall Street’s main stock indexes finished higher on Tuesday on hopes that a clear winner would emerge from the US presidential race.

Polls showed President Donald Trump’s Democratic challenger Joe Biden had a substantial lead going into Tuesday’s vote, but as the night wore on it became evident that the race had significantly tightened in key swing states.

The race now hinges on vote counts in Arizona, Georgia, Pennsylvania, Wisconsin, Michigan, and Nevada.

President Trump has 213 electoral votes while Biden leads with 224. A candidate needs 270 electoral votes to secure the White House for four years.

The spectre of a contested election intensified after President Trump tweeted: “We are up BIG, they are trying to STEAL the Election. We will never let them do it. Votes cannot be cast after the Polls are closed!”

But cooler heads were prevailing on Wall Street on Wednesday.

“The results are not yet clear, but so far President Trump has outperformed polls in most states,” Alec Phillips, a Goldman Sachs analyst said in a Wednesday morning note.

A Democratic majority in the Senate looks less likely as well, he added.

“For fiscal policy, Senate control is at least as important as the White House. Under a narrow Republican Senate majority, we would expect no major tax increases but also a fiscal stimulus package of less than $1 trillion,” Phillips said.

A supporter of US President Donald Trump holds a Cuban flag during the 2020 US presidential election, in Miami, Florida, United States [File: Marco Bello/Reuters]

Robard Williams, senior vice president at Moody’s Investor Services, expressed confidence even a contested vote count would not inflict long-term damage on US credit markets.

“While the lack of an immediate conclusion to the election process may increase financial market volatility, our assumption is that US institutions will eventually resolve the delays in vote counting and any subsequent disputes over the results in a manner that is consistent with the established frameworks around the rule of law without causing any meaningful, enduring credit impact,” he wrote.

While the outcome of the US presidential race remains a cliffhanger, investors do have clarity on a key ballot measure in California.

A blow to gig economy workers turned into a big win for Uber and Lyft after Californians overwhelmingly voted in favour of a ballot measure exempting app-based ride-hailing and delivery services from classifying drivers as employees eligible for benefits and job protections.

The win enables Uber and Lyft to preserve their business model that relies on keeping drivers classified as independent contractors.

Shares of Uber were up 14.59 percent around noon in New York, while shares of Lyft were up 12.37 percent.

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Ontario removes one COVID-19 case from Ottawa total Wednesday – CTV Edmonton

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OTTAWA —
Ottawa Public Health says five more people have tested positive for COVID-19 but the health unit removed 12 cases from its pandemic total after it was found those individuals did not live in Ottawa.

Cases are sometimes removed from totals for a particular health unit when investigations reveal the individual or individuals who tested positive live in another health region.

“On Aug. 3, 2021, some cases were removed from the OPH dashboard because it was determined that the individuals did not live within the city of Ottawa,” Ottawa Public Health said in a statement. “As such, OPH’s cumulative case count has decreased since the previous report.”

A previous version of this article reported an increase of three new cases and the removal of 10, based on changes in daily figures for total cases by age category. Ottawa Public Health later told CTV News Ottawa the correct figures in terms of daily new cases and cases removed via data correction was five new cases and 12 cases removed. The overall change to the pandemic total remains the same.

The correction brings the total number of confirmed COVID-19 cases in Ottawa down to 27,821, seven fewer than what was reported Tuesday. Eight of the cases removed from Ottawa’s total were considered resolved. The number of confirmed active cases in Ottawa rose by one.

Hospitals and ICUs in Ottawa remain free of COVID-19 patients and there are zero active COVID-19 outbreaks in the city.

Across the province, Public Health Ontario said 139 more people have tested positive for COVID-19 and 11 more Ontarians have died, while noting that seven deaths are from 2020 and were added following a data cleanup. Another 155 cases are now considered resolved.

Two new cases were reported in the Hastings Prince Edward Public Health region on Wednesday. No other eastern Ontario public health unit reported new COVID-19 infections.

OTTAWA’S KEY COVID-19 STATISTICS

Ottawa is now in Step 3 of Ontario’s Roadmap to Reopen plan.

Ottawa Public Health data:

  • COVID-19 cases per 100,000 (July 27 to Aug. 2): 3.8 (down from 4.0)
  • Positivity rate in Ottawa (July 28 to Aug.3): 0.5 per cent (unchanged from July 23-29)
  • Reproduction number (seven day average): 0.95 (down from 1.16)

Reproduction values greater than 1 indicate the virus is spreading and each case infects more than one contact. If it is less than 1, it means spread is slowing.

COVID-19 VACCINES IN OTTAWA

Ottawa Public Health updates vaccine numbers on Mondays, Wednesdays and Fridays. 

As of Monday:

  • Ottawa residents with 1 dose (12+): 768,618 (+1,266)
  • Ottawa residents with 2 doses (12+): 668,736(+6,771)
  • Share of population 12 and older with at least one dose: 83 per cent
  • Share of population 12 and older fully vaccinated: 72 per cent
  • Total doses received in Ottawa*: 1,333,790

**Total doses received does not include doses shipped to pharmacies and primary care clinics, but statistics on Ottawa residents with one or two doses includes anyone with an Ottawa postal code who was vaccinated anywhere in Ontario. 

ACTIVE CASES OF COVID-19 IN OTTAWA

There are 43 active cases of COVID-19 in Ottawa on Wednesday, up from 42 on Tuesday.

Ottawa Public Health removed eight resolved cases from its pandemic total on Wednesday. The total number of resolved cases of coronavirus in Ottawa is 27,185. The eight cases were removed upon investigations revealing these individuals did not live in Ottawa.

The number of active cases is the number of total laboratory-confirmed cases of COVID-19 minus the numbers of resolved cases and deaths. A case is considered resolved 14 days after known symptom onset or positive test result.

HOSPITALIZATIONS IN OTTAWA

Ottawa Public Health is reporting zero COVID-19 patients in local hospitals and zero in intensive care.

Local ICUs have been COVID-19 free for more than a month.

These data are based on figures from Ottawa Public Health’s COVID-19 dashboard, which refer to residents of Ottawa and do not include patient transfers from other regions.

COVID-19 CASES IN OTTAWA BY AGE CATEGORY

  • 0-9 years old: Three new cases (2,307 total cases)
  • 10-19 years-old: Zero new cases (3,586 total cases)
  • 20-29 years-old: Three cases removed from total (6,243 total cases)
  • 30-39 years-old: Three cases removed from total (4,251 total cases)
  • 40-49 years-old: One case removed from total (3,662 total cases)
  • 50-59 years-old: Two cases removed from total (3,332 total cases)
  • 60-69-years-old: One case removed from total (1,964 total cases)
  • 70-79 years-old: Zero new cases (1,097 total cases)
  • 80-89 years-old: Zero new cases (856 total cases)
  • 90+ years old: Zero new cases (520 total cases)
  • Unknown: Zero new cases (3 cases total)  

VARIANTS OF CONCERN

Ottawa Public Health data*:

  • Total Alpha (B.1.1.7) cases: 6,834 (-1)
  • Total Beta (B.1.351) cases: 406
  • Total Gamma (P.1) cases: 35 
  • Total Delta (B.1.617.2) cases: 52 (+1)
  • Percent of new cases with variant/mutation in last 30 days: 40 per cent
  • Total variants of concern/mutation cases: 9,154 (+1)
  • Deaths linked to variants/mutations: 101

*OPH notes that that VOC and mutation trends must be treated with caution due to the varying time required to complete VOC testing and/or genomic analysis following the initial positive test for SARS-CoV-2. Test results may be completed in batches and data corrections or updates can result in changes to case counts that may differ from past reports.

COVID-19 TESTING IN OTTAWA

Ottawa Public Health says 525 Ottawa residents were tested for COVID-19 on Tuesday. The daily positivity rate was 0.95 per cent.

The weekly average positivity rate for Ottawa residents for the week of July 28 to Aug. 3 is 0.5 per cent.

CASES OF COVID-19 AROUND THE REGION

  • Eastern Ontario Health Unit: Zero new cases
  • Hastings Prince Edward Public Health: Two new cases
  • Kingston, Frontenac, Lennox & Addington Public Health: Zero new cases
  • Leeds, Grenville & Lanark District Health Unit: Zero new cases
  • Renfrew County and District Health Unit: Zero new cases

Correction:

A previous version of this article reported an increase of three new cases and the removal of 10, based on changes in daily figures for total cases by age category. Ottawa Public Health later told CTV News Ottawa the correct figures in terms of daily new cases and cases removed via data correction was five new cases and 12 cases removed. The overall change to the pandemic total remains the same.

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Feds say 82000-plus doses of AstraZeneca vaccine to be sent to Trinidad and Tobago – CP24 Toronto's Breaking News

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OTTAWA – The federal government has announced it will send more than 82,000 doses of the Oxford AstraZeneca COVID-19 vaccine to Trinidad and Tobago.

International Development Minister Karina Gould said in a release Wednesday that Trinidad and Tobago was selected to receive the excess doses that had already arrived in Canada based on need and the country’s capacity to deploy them immediately.

Gould said the doses will be delivered in the coming days and the Government of Trinidad and Tobago will manage the administration of the vaccines in accordance with manufacturing guidelines and public health best practices.

Last month, the federal government said it would donate nearly 18 million doses of the Oxford-AstraZeneca vaccine to poorer countries.

At the time, Procurement Minister Anita Anand said after talking to the provinces, the federal government determined these vaccine doses were excess supply, as demand for the AstraZeneca vaccine had been met.

She said Canada would donate 17.7 million doses that were supposed to flow into Canada from the United States through an advance purchase agreement with AstraZeneca and that they would be made available to lower-income countries through the global vaccine-sharing alliance COVAX.

In her statement Wednesday, Gould said vaccinating the world against COVID-19 continues to be the best strategy to end the pandemic.

“By redirecting excess doses we do not need here in Canada, we are supporting global efforts to fight this virus, and ensuring vaccines get to those in need,” she said. “Canadians know that no one is safe until everyone is safe.”

At the G7 meeting in June, Prime Minister Justin Trudeau pledged that Canada would give back at least 13 million doses it was set to receive through a contract with COVAX, on top of millions of dollars already set aside for the global vaccine effort.

Global Affairs Canada said Trinidad and Tobago is a key partner for Canada, with more than 100,000 Canadians with connections to the country, and many thousands of Trinbagonians with connections to Canada.

This report by The Canadian Press was first published Aug. 4, 2021

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Pfizer Vaccine Could Get Final FDA Approval by September – NBC News

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