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Tag: Risk News

  • Soccer star Christian Atsu ‘under the rubble’ following Turkey earthquake, report says. ‘We remain hopeful for positive news’ says Ghana Football Association

    Soccer star Christian Atsu ‘under the rubble’ following Turkey earthquake, report says. ‘We remain hopeful for positive news’ says Ghana Football Association

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    Ghanaian soccer star Christian Atsu is “under the rubble” following the deadly that earthquake hit Turkey, according to a report.

    The former Chelsea, Newcastle and Everton star plays for Turkish Super Lig club Hatayspor in the city of Antakya in southern Turkey.

    Istanbul-based sports journalist Yagiz Sabuncuoglu tweeted Monday that Atsu and Hatayspor Sporting Director Taner Savut were “left under the rubble,” adding that “search and rescue teams are looking for two names.”

    “We pray for Ghana International Christian Atsu and victims of the earthquake in Turkey and Syria,” tweeted the Ghana Football Association. “We continue with our efforts to establish contact with officials of Hataspor and the Turkish Football Federation, considering the difficult situation.”

    “Our thoughts and prayers are with Christian Atsu and our brothers and sisters in Turkey and Syria. We remain hopeful for positive news,” the Ghana Football Association wrote.

    Related: Turkey quake assistance ‘already underway,’ says U.S.’s Blinken

    “Praying for some positive news, @ChristianAtsu20,” tweeted his former club Newcastle United.

    Soccer star Yannick Bolasie tweeted praying hands in response to Yagiz Sabuncuoglu’s tweet.

    On Sunday Atsu tweeted out images from Hatayspor’s victory over Kasimpasa earlier that day, in which he scored the winning goal.

    The powerful 7.8 magnitude quake rocked wide swaths of Turkey and Syria early Monday, toppling hundreds of buildings and killing more than 1,900 people.

    Turkey’s Daily Sabah reports that the runway of Hatay Airport. which serves Antakya, was split in two by the earthquake

    Additional reporting by Robert Schroeder.

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  • Arctic blast threatens negative-50ºF temperatures in New England, while Texas power grid is again sputtering

    Arctic blast threatens negative-50ºF temperatures in New England, while Texas power grid is again sputtering

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    Rising temperatures offered some hope Friday for frustrated Texans days after they lost power — and in many cases heat — in a deadly winter storm, while a new wave of frigid weather rolling into the Northeast led communities to close schools and open warming centers.

    Wind chills in some higher elevations of the Northeast could punch below minus 50º (minus 45º Celsius) as an Arctic front swept in from Canada, forecasters said.

    Some of the most extreme weather was expected atop New Hampshire’s Mount Washington, the Northeast’s highest peak, where winds gusted to nearly 100 miles per hour and wind chills could reach minus 100º Fahrenheit.

    In Texas, officials in Austin compared damage from fallen trees and iced-over power lines to tornadoes as they came under criticism for slow repairs and shifting timelines to restore power. More than 240,000 customers across the state lacked power early Friday, down from 430,000 on Thursday, according to PowerOutage.us.

    “Our heat source is our fireplace … and we’ve been in bed, snuggled up under like five or six blankets,” Edward Dahlke, of Spring Branch, southwest of Austin, told KSAT-TV. “Just think that our utility companies need to do a better job making sure our infrastructure is maintained properly.”

    See: Frustrated Texans endure another icy winter storm with no power, heat

    Pauline Frerich, also of Spring Branch, told KSAT that she had no way to prepare a meal without electricity, and that she worries about the cost of replacing hundreds of dollars of spoiled food. As the storm swept over this week, the indoor temperature fell to 29 degrees (-1 Celsius), and the sounds of tree limbs breaking unsettled her.

    “And you didn’t know, was it on the roof, was it just in the yard?” Frerich told KSAT. “But it’s very nerve-wracking.”

    Power failures were most widespread in Austin. Impatience rose there among nearly 123,000 customers days after the electricity first went out.

    Thursday night, officials backtracked on early estimates that power would be fully restored by Friday evening. Damage was worse than originally calculated, they said, and they could no longer provide an estimate.

    “The city let its citizens down. The situation is unacceptable to the community, and it’s unacceptable to me,” Austin Mayor Kirk Watson, a Democrat, said at a news conference Friday. “And I’m sorry.”

    The outages recalled the 2021 blackouts in Texas, when hundreds of people died after the state’s power grid was pushed to the brink of total failure because of a lack of generation. There have been no reports of deaths from this week’s power outages, though the storm and freeze have been blamed for at least 12 traffic fatalities on slick roads in Texas, Arkansas and Oklahoma.

    In New England, temperatures began plunging Friday morning.

    “The worst part of the upcoming cold snap is going to be the wind,” which has already topped 80 mph (129 kph) in higher elevations, said National Weather Service lead forecaster Bob Oravec. Frigid wind chills — the combined effect of wind and cold air on exposed skin — are expected Saturday.

    The worst wind chills in the populated areas of the Northeast shouldn’t go lower than minus 40º (minus 40º Celsius), he said.

    Wind gusts as high as 40 mph raised the prospect of power outages in Maine, and communities began opening warming stations.

    Even cold-weather sports were curtailed. Some ski resorts scaled back operations, eliminating night skiing and reducing lift operations. A popular weekend pond hockey tournament was postponed, and the National Toboggan Championship pushed Saturday’s races back by a day.

    Schools closed Friday in Boston and in Manchester, New Hampshire’s largest city. “In these conditions, frostbite can develop in as little as 30 minutes,” an announcement on the Manchester district’s website read. “This is simply too cold for students who walk home.”

    Some of the most extreme weather was expected atop New Hampshire’s Mount Washington, the Northeast’s highest peak and home to a weather observatory, where winds gusted to nearly 100 mph (160 kph) and wind chills could reach minus 100 (minus 73 Celsius).

    The system is expected to move out of the region Sunday.

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  • Russia-Ukraine war leaves Doomsday Clock closest to ‘crisis’ hour of midnight in report’s 76-year history

    Russia-Ukraine war leaves Doomsday Clock closest to ‘crisis’ hour of midnight in report’s 76-year history

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    The world is in greater danger in 2023 than it has been at any moment over the past seven decades, warns a leading panel of scientists and security experts.

    The illegal Russian-Ukraine conflict and its risk that nuclear weapons could be used was a primary, but not exclusive, catalyst in bumping forward the hands on the symbolic measure known as the “Doomsday Clock.”

    The…

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  • Dig-out begins after deadly winter storm claims 27 lives in western New York alone

    Dig-out begins after deadly winter storm claims 27 lives in western New York alone

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    BUFFALO, N.Y. (AP) —  The death toll from a pre-Christmas blizzard that paralyzed the Buffalo area and much of the country has risen to 27 in western New York, authorities said Monday, as the region dug out from one of the worst weather-related disasters in its history.

    The dead have been found in cars, in their homes and in snowbanks. Some died while shoveling. The storm that walloped much of the country is now blamed for at least 48 deaths nationwide, with rescue and recovery efforts continuing Monday.

    Living With Climate Change: Climate change and the polar vortex: Winter storms are normal, but this string of severe Christmas weather isn’t typical

    The blizzard roared through the western New York state on Friday and Saturday, stranding motorists, knocking out power and preventing emergency crews from reaching residents in frigid homes and idled vehicles.

    Buffalo, N.Y., was experiencing its longest sustained blizzard conditions ever, said New York Gov. Kathy Hochul, a native Buffalonian.

    Huge snowdrifts nearly covered cars Monday, and there were thousands of houses, some adorned in unlit holiday displays, darkened by lack of power.

    The massive storm is expected to claim more lives because it trapped some residents inside houses and knocked out power to tens of thousands of homes and businesses.

    Extreme weather stretched from the Great Lakes near Canada to the Rio Grande along the border with Mexico. About 60% of the U.S. population faced some sort of winter weather advisory or warning, and temperatures plummeted dramatically below normal from east of the Rocky Mountains to the Appalachians.

    The National Weather Service said Sunday that the frigid arctic air “enveloping much of the eastern half of the U.S.” would move away slowly.

    Hurricane-force winds and snow causing whiteout conditions paralyzed emergency response efforts in Buffalo.

    New York Gov. Kathy Hochul, a Buffalo native, said almost every fire truck in the city was stranded Saturday and implored people Sunday to respect an ongoing driving ban in the region. The National Weather Service said the snow total at the Buffalo Niagara International Airport stood at 43 inches (1.1 meters) at 7 a.m. Sunday. Officials said the airport would be shut through Tuesday morning.

    With snow swirling down impassable streets, forecasters warned an additional 1 to 2 feet (30 to 60 centimeters) of snow was possible in some areas through early Monday morning amid wind gusts of 40 mph (64 kph). Police said Sunday evening that there were two “isolated” instances of looting during the storm.

    Two people died in their suburban Cheektowaga, N.Y., homes Friday when emergency crews could not reach them in time to treat medical conditions. Erie County Executive Mark Poloncarz said 10 more people died there during the storm, including six in Buffalo, and warned there may be more dead.

    “Some were found in cars. Some were found on the street in snowbanks,” Poloncarz said. “We know there are people who have been stuck in cars for more than two days.”

    The Margin: Why you should always keep cat litter in your car — and other winter storm tips

    Freezing conditions and power outages had Buffalonians scrambling to get to anywhere with heat amid what Hochul described as the longest sustained blizzard conditions ever in the city.

    Ditjak Ilunga of Gaithersburg, Md., was on his way to visit relatives in Hamilton, Ontario, for Christmas with his daughters Friday when their SUV was trapped in Buffalo. Unable to get help, they spent hours with the engine running, buffeted by wind and nearly buried in snow.

    By 4 a.m. Saturday, their fuel nearly gone, Ilunga made a desperate choice to risk the howling storm to reach a nearby shelter. He carried 6-year-old Destiny on his back while 16-year-old Cindy clutched their Pomeranian puppy, following his footprints through drifts.

    “If I stay in this car I’m going to die here with my kids,” Ilunga recalled thinking. He cried when the family walked through the shelter’s doors. “It’s something I will never forget in my life.”

    Travelers’ weather woes continued, with hundreds of flight cancellations already and more expected after a bomb cyclone — when atmospheric pressure drops very quickly in a strong storm — developed near the Great Lakes, stirring up blizzard conditions, including heavy winds and snow.

    The storm knocked out power in communities from Maine to Seattle. But heat and lights were steadily being restored across the U.S. According to the website poweroutage.us, fewer than 200,000 customers were without power Sunday at 3 p.m. Eastern time — down from a maximum of 1.7 million.

    The Margin: Five tips for staying safe and warm during a power outage

    The mid-Atlantic grid operator had called for its 65 million consumers to conserve energy amid the freeze Saturday.

    Storm-related deaths were reported all over the country, from six motorists killed in crashes in Missouri, Kansas and Kentucky to a woman who fell through Wisconsin river ice.

    In Jackson, Miss., city officials on Christmas Day announced residents must now boil their drinking water due to water lines bursting in the frigid temperatures.

    MarketWatch contributed.

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  • 11 high-yield dividend stocks that are Wall Street’s favorites for 2023

    11 high-yield dividend stocks that are Wall Street’s favorites for 2023

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    Investors love dividend stocks but there are different ways to look at them, including various “quality” approaches. Today we are focusing on high yields.

    A high dividend yield can be a warning that investors have lost confidence in a company’s ability to maintain its dividend payout. But there are always exceptions, some of which can be brought about by market events — some investors remain skeptical of energy stocks, for example, after so much pain before this year’s outstanding performance for the sector.

    Below is a screen of stocks that have high dividend yields and are favored by analysts. The screen has no financial quality filters.

    For investors who are interested in dividend stocks but wish to focus on quality and total returns, this recent look at the S&P Dividend Aristocrats (companies that have raised dividends consistently for many years) might be of interest. For those looking for income but also worried about dividend cuts, here is a list of stocks with dividend yields of at least 5% whose payouts are expected to be well-covered by free cash flow in 2023.

    If you are looking for higher yields with moderate risk, you should at also learn about funds that use covered-call option strategies to enhance income.

    Removing the filters for a high-yield dividend-stock screen

    For a broad screen of stocks with high dividend yields that are favored by analysts, we began with the S&P Composite 1500 Index
    SP1500,
    +1.42%
    ,
    which is made up of the S&P 500
    SPX,
    +1.42%
    ,
    the S&P 400 Mid Cap Index
    MID,
    +1.48%
    ,
    and the S&P 600 Small Cap Index
    SML,
    +1.49%
    .

    The S&P indexes exclude energy partnerships, so we added the 15 stocks held by the Alerian MLP ETF
    AMLP,
    +1.81%

    to the list. Energy partnerships tend to have high distribution yields, in part because they pass most earnings through to investors. But they also can make tax preparation more complicated. They can also be volatile as oil
    CL00,
    +2.96%

    CL00 and natural-gas
    NG00,
    +1.58%

    prices swing.

    The S&P indexes also exclude business development companies, or BDCs, so we expanded our initial screen to include the 24 stocks held by the VanEck BDC income ETF
    BIZD,
    +0.76%
    .
    BDCs are specialized leveraged lenders that make loans with high interest rates, mainly to middle-market companies. They often take equity stakes in the companies they lend to, for a venture-capital-type of investment style. The BDC space features several stocks with very high dividend yields, but is also known for volatility.

    You have been warned — this particular stock screen focuses only on high yields and favorable ratings among analysts working for brokerage firms. There is no look back at dividend cuts and no cash-flow analysis as featured in other dividend-stock articles. If you see anything of interest resulting from the screen, you need to do your own research to consider whether or not a long-term commitment to one or more of these companies is worth the risk as you seek high income.

    The screen

    Starting with the S&P Composite 1500 and the components of AMLP and BIZD, there are 68 stocks with dividend yields of at least 8%, according to data provided by FactSet.

    Among the 68 companies, 55 made the first screen, because they are covered by at least five analysts polled by FactSet.

    Among the 55 companies, 11 have “buy” or equivalent ratings among at least 70% of analysts.

    Here they are, ranked by upside potential implied by analysts’ consensus price targets:

    Company

    Ticker

    Dividend yield

    Share “buy” ratings

    Dec. 20 price

    Consensus price target

    Implied 12-month upside potential

    Energy Transfer LP

    ET,
    +2.35%
    9.08%

    95%

    $11.68

    $16.24

    39%

    Enterprise Products Partners LP

    EPD,
    +0.88%
    8.12%

    79%

    $23.39

    $31.69

    35%

    Barings BDC Inc.

    BBDC,
    11.67%

    86%

    $8.14

    $10.75

    32%

    Redwood Trust Inc.

    RWT,
    +2.70%
    13.45%

    80%

    $6.84

    $8.92

    30%

    Crestwood Equity Partners LP

    CEQP,
    +0.78%
    9.75%

    100%

    $26.86

    $35.00

    30%

    KKR Real Estate Finance Trust Inc.

    KREF,
    +1.38%
    11.90%

    71%

    $14.45

    $18.50

    28%

    Owl Rock Capital Corp.

    ORCC,
    +0.38%
    11.21%

    91%

    $11.78

    $14.73

    25%

    Sixth Street Specialty Lending Inc.

    TSLX,
    +1.89%
    10.48%

    82%

    $17.18

    $20.90

    22%

    Oaktree Specialty Lending Corp.

    OCSL,
    -0.37%
    9.97%

    100%

    $6.77

    $7.75

    14%

    Ares Capital Corp.

    ARCC,
    +1.22%
    10.45%

    93%

    $18.38

    $20.87

    14%

    BlackRock TCP Capital Corp.

    TCPC,
    +1.76%
    10.25%

    71.43%

    $12.49

    $14.00

    12%

    Source: FactSet

    One way to begin your own research into any company listed here is to click on the ticker for more information.

    You should also read Tomi Kilgore’s detailed guide to the wealth of information available free on the MarketWatch quote page.

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  • Ukraine’s Zelensky set to visit Washington on Wednesday, meet with Biden

    Ukraine’s Zelensky set to visit Washington on Wednesday, meet with Biden

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    WASHINGTON — Ukrainian President Volodymyr Zelensky is preparing to visit Washington on Wednesday, according to three AP sources, in his first known trip outside the country since Russia’s invasion began in February.

    Two congressional sources and one person familiar with the matter confirmed plans for the visit. They spoke on the condition of anonymity because of the highly sensitive nature of the trip. They said Zelensky’s visit, while expected, could still be called off at the last minute due to security concerns.

    The visit to Washington is set to include an address to Congress on Capitol Hill and a meeting with President Joe Biden. It comes as lawmakers are set to vote on a year-end spending package that includes about $45 billion in emergency assistance to Ukraine and as the U.S. prepares to send Patriot surface-to-air missiles to the country to help stave off Russia’s invasion.

    The latest tranche of U.S. funding would be the biggest American infusion of assistance yet to Ukraine, above even President Joe Biden’s $37 billion emergency request, and ensure that funding flows to the war effort for months to come.

    House Speaker Nancy Pelosi encouraged lawmakers to be on hand for Wednesday evening’s session.

    “We are ending a very special session of the 117th Congress with legislation that makes progress for the American people as well as support for our Democracy,” Pelosi wrote Tuesday in a letter to colleagues. “Please be present for a very special focus on Democracy Wednesday night.”

    Zelensky has — almost daily — addressed various parliaments and international organizations by video and he has sent his wife to foreign capitals to drum up assitance against the Russian invasion. The visit comes a day after he made a daring and dangerous trip to what he called the hottest spot on the 1300-km (808-mile) front line, the city of Bakhmut in Ukraine’s contested Donetsk province.

    In a video released by his office from the Bakhmut visit, Zelensky was handed a Ukrainian flag and alluded to delivering it to U.S. leaders.

    “The guys handed over our beautiful Ukrainian flag with their signatures for us to pass on,” Zelensky said in the video. “We are not in an easy situation. The enemy is increasing its army, and our people are braver and need more powerful weapons. We will pass it on from the boys to the Congress, to the President of the United States. We are grateful for their support, but it is not enough. It is a hint — it is not enough.”

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  • House Jan. 6 select committee expected to advise Justice Department to hit Trump with criminal charges

    House Jan. 6 select committee expected to advise Justice Department to hit Trump with criminal charges

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    WASHINGTON (AP) — The House Jan. 6 committee is wrapping up its investigation of the violent 2021 U.S. Capitol insurrection, with lawmakers expected to cap one of the most exhaustive and aggressive congressional probes in memory with an extraordinary recommendation: The Justice Department should consider criminal charges against former President Donald Trump.

    At a final meeting on Monday, the panel’s seven Democrats and two Republicans are poised to recommend criminal charges against Trump and potentially against associates and staff who helped him launch a multifaceted pressure campaign to try to overturn the 2020 election.

    Context: What to expect as House Jan. 6 panel readies final report on Trump’s ‘attempted coup’

    Also: Jan. 6 select committee to review referral recommendations from Cheney, Raskin, Schiff and Lofgren at Monday session

    While a criminal referral is mostly symbolic, with the Justice Department ultimately deciding whether to prosecute Trump or others, it is a decisive end to a probe that had an almost singular focus from the start.

    “I think the president has violated multiple criminal laws and I think you have to be treated like any other American who breaks the law, and that is you have to be prosecuted,” Rep. Adam Schiff, a Democrat from Southern California and a member of the panel, said Sunday on CNN’s “State of the Union.”

    The panel, set to dissolve on Jan. 3 with the advent of a Republican-led House, has conducted more than 1,000 interviews, held 10 well-watched public hearings and collected more than a million documents since it launched in July 2021. As it has gathered the massive trove of evidence, the members have become emboldened in declaring that Trump is to blame for the violent attack on the Capitol by his supporters almost two years ago.

    From the archives (June 2022): Fox News is notable exception as prime-time Jan. 6 committee hearing blankets TV airwaves

    Also (July 2022): Trump White House aide Cassidy Hutchinson’s live testimony before Jan. 6 select committee was a TV ratings hit: Nielsen data

    After beating their way past police, injuring many of them, the Jan. 6 rioters stormed the Capitol and interrupted the certification of President Joe Biden’s win, echoing Trump’s lies about widespread election fraud and sending lawmakers and others running for their lives.

    The attack came after weeks of Trump’s efforts to overturn his defeat — a campaign that was extensively detailed by the committee in its multiple public hearings. Many of Trump’s former aides testified about his unprecedented pressure on states, federal officials and on Vice President Mike Pence to find a way to thwart the popular will.

    “This is someone who in multiple ways tried to pressure state officials to find votes that didn’t exist, this is someone who tried to interfere with a joint session, even inciting a mob to attack the Capitol,” Schiff said. “If that’s not criminal, then I don’t know what it is.”

    See: Justice Department urges judge to hold Trump’s legal team in contempt over Mar-a-Lago case

    Members of the committee have said that the referrals for other individuals may also include ethics violations, legal misconduct and campaign finance violations. Lawmakers have suggested in particular that their recommended charges against Trump could include conspiracy to defraud the United States, obstruction of an official proceeding of Congress and insurrection.

    On insurrection, Schiff said Sunday that “if you look at Donald Trump’s acts and you match them up against the statute, it’s a pretty good match.” He said that the committee will focus on those individuals — presumably Trump — for whom they believe there is the strongest evidence.

    See: North Carolina state investigators say they’ve completed voter-fraud probe of Trump chief of staff Meadows

    Also: Nevada elections department subpoenaed in Trump 2020 election investigation

    And: Trump ally Kari Lake pursues formal challenge to loss in race for governor of Arizona

    While a so-called criminal referral has no real legal standing, it is a forceful statement by the committee and adds to political pressure already on Attorney General Merrick Garland and special counsel Jack Smith, who is conducting an investigation into Jan. 6 and Trump’s actions.

    The committee is also expected at the hearing to preview its massive final report, which will include findings, interview transcripts and legislative recommendations. Lawmaker have said a portion of that report will be released Monday.

    “We obviously want to complete the story for the American people,” said Rep. Jamie Raskin, a Maryland Democrat and constitutional scholar who serves on the select committee. “Everybody has come on a journey with us and we want a satisfactory conclusion, such that people feel that Congress has done its job.”

    The panel was formed in the summer of 2021 after Senate Republicans blocked the formation of what would have been a bipartisan, independent commission to investigate the insurrection. That opposition spurred the Democratic-controlled House to form a committee of its own. House Republican leader Kevin McCarthy of California, a Trump ally, decided not to participate after House Speaker Nancy Pelosi rejected some of his appointments. That left an opening for two anti-Trump Republicans in the House — Reps. Liz Cheney of Wyoming and Adam Kinzinger of Illinois — to join the seven Democrats serving on the committee.

    From the archives (January 2021): Kevin McCarthy becomes poster boy for Republicans walking back their recent Trump criticism

    While the committee’s mission was to take a comprehensive accounting of the insurrection and educate the public about what happened, they’ve also aimed their work at an audience of one: the attorney general. Lawmakers on the panel have openly pressured Garland to investigate Trump’s actions, and last month he appointed a special counsel, Smith, to oversee several probes related to Trump, including those related to the insurrection.

    In court documents earlier this year, the committee suggested criminal charges against Trump could include conspiracy to defraud the United States and obstruction of an official proceeding of Congress.

    Wall Street Journal: Trump tax returns may be released after House panel meets Tuesday

    In a “conspiracy to defraud the United States,” the committee argues that evidence supports an inference that Trump and his allies “entered into an agreement to defraud the United States” when they disseminated misinformation about election fraud and pressured state and federal officials to assist in that effort. Trump still says he won the election to this day.

    The panel also asserts that Trump obstructed an official proceeding, the joint session of Congress in which the Electoral College votes are certified. The committee said Trump either attempted or succeeded at obstructing, influencing or impeding the ceremonial process on Jan. 6 and “did so corruptly” by pressuring Pence to try to overturn the results as he presided over the session. Pence declined to do so.

    The committee may make ethics referrals for five House Republicans — including McCarthy — who ignored congressional subpoenas from the panel. Those referrals are unlikely to result in punishment since Republicans are set to take over the House majority in January.

    Read on: McCarthy’s long-held speaker ambition set to come to a head when new Congress convenes in January

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  • Chrysler Parent Stellantis to Stop Operations at Jeep Cherokee Factory

    Chrysler Parent Stellantis to Stop Operations at Jeep Cherokee Factory

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    Chrysler Parent Stellantis to Stop Operations at Jeep Cherokee Factory

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  • Volodymyr Zelensky and ‘the spirit of Ukraine’ named Time’s Person of the Year

    Volodymyr Zelensky and ‘the spirit of Ukraine’ named Time’s Person of the Year

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    ‘For proving that courage can be as contagious as fear, for stirring people and nations to come together in defense of freedom, for reminding the world of the fragility of democracy — and of peace — Volodymyr Zelensky and the spirit of Ukraine are TIME’s 2022 Person of the Year.’

    That was Time editor in chief Edward Felsenthal explaining why the publication has named the Ukrainian leader and his people as 2022’s “Person of the Year,” an annual honorific that Time gives to the person or group of people who “most influenced the events of the past 12 months, for good or for ill.” 

    This year’s 10 finalists also included Tesla
    TSLA,
    -3.21%

    CEO Elon Musk (who took the title last year, and has remained a news driver with this Twitter takeover this year), U.S. Treasury Secretary Janet Yellen (whom the U.S. has “leaned on” to interpret the telltale signs of a recession) and Florida governor (and possible 2024 GOP presidential candidate) Ron DeSantis.

    In fact, some of these finalists were also recently featured in the inaugural MarketWatch 50 list of the investors, CEOs, policy makers, crypto players and influencers who are impacting markets and your money this year.

    But Felsenthal wrote that Zelensky was “the most clear-cut” choice for “Person of the Year” in recent memory, because he “galvanized the world in a way we haven’t seen in decades” following the unprovoked Russian invasion of Ukraine led by President Vladimir Putin on Feb. 25.

    The Time editor notes how Zelensky became a household name and international icon this year for staying in his country throughout the invasion, and rallying support on social media by giving daily speeches remotely. Some 141 countries in the United Nations condemned the unprovoked invasion of Ukraine. And almost 1,000 companies, including giants like McDonald’s
    MCD,
    -0.53%

    and Starbucks
    SBUX,
    -0.21%
    ,
    pulled out of Russia in response. The blue and gold Ukrainian flag became a familiar site on social media, as well, as users and accounts showed their support for Ukraine. 

    The “Person of the Year” report notes that Zelensky has also drawn his share of criticism, however — including from his fellow Ukrainians —for downplaying the threat of invasion before the Russian bombs first fell. And some critics have called his charm offensive via fashion photo shoots and virtual Grammy Awards appearances and the like somewhat out-of-touch with the human casualties of the war in Ukraine.

    “Later we will be judged,” Zelensky told Time reporter Simon Shuster in an accompanying interview. But in the meantime, he says, “I have not finished this great, important action for our country. Not yet.”

    Apart from Musk, DeSantis and Yellen, the other “Person of the Year” finalists included Wyoming GOP Rep. Liz Cheney for her work on the Jan. 6 committee and her vow to do “whatever it takes” to keep former President Donald Trump out of the Oval Office in the next election.

    Amazon
    AMZN,
    +0.24%

    founder Jeff Bezos’ ex MacKenzie Scott also made the list for her historic philanthropy, donating almost $2 billion to 343 organizations focused on the support of underserved communities in this year alone.

    And the U.S. Supreme Court was given a nod for its historic decision to overturn Roe v. Wade and end almost 50 years of constitutional precedent that protected abortion rights for American women, along with swearing in its first Black female justice, Ketanji Brown Jackson, to the bench.

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  • German police arrest 25 on suspicion of an armed coup led by suspected far-right extremists

    German police arrest 25 on suspicion of an armed coup led by suspected far-right extremists

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    BERLIN (AP) — Thousands of police carried out a series of raids across much of Germany on Wednesday against suspected far-right extremists who allegedly sought to overthrow the state in an armed coup.

    Federal prosecutors said some 3,000 officers conducted searches at 130 sites in 11 of Germany’s 16 states against adherents of the so-called Reich Citizens movement. Some members of the grouping reject Germany’s postwar constitution and have called for the overthrow of the government.

    Justice Minister Marco Buschmann described the raids as an “anti-terrorism operation,” adding that the suspects may have planned an armed attack on institutions of the state.

    Prosecutors said 22 German citizens were detained on suspicion of “membership in a terrorist organization.” Three other people, including a Russian citizen, are suspected of supporting the organization, they said. A further 27 people are being investigated.

    Weekly Der Spiegel reported that locations searched include the barracks of Germany’s special forces unit KSK in the southwestern town of Calw. The unit has in the past been scrutinized over alleged far-right involvement by some soldiers.

    Federal prosecutors declined to confirm or deny that the barracks was searched.

    Along with detentions in Germany, prosecutors said that one person was detained in the Austrian town of Kitzbuehel and another in the Italian city of Perugia.

    Prosecutors said those detained are alleged to last year have formed a “terrorist organization with the goal of overturning the existing state order in Germany and replace it with their own form of state, which was already in the course of being founded.”

    The suspects were aware that their aim could only be achieved by military means and with force, prosecutors said.

    Some of the group’s members had made “concrete preparations” to storm Parliament with a small armed group, according to prosecutors. “The details (of this plan) still need to be investigated” to determine whether any of the suspects can be charged with treason, they said.

    The group is alleged to have believed in a “conglomerate of conspiracy theories consisting of narratives from the so-called Reich Citizens as well as QAnon ideology,” according to the statement. Prosecutors added that members of the group also believe Germany is ruled by a so-called ‘deep state;’ similar baseless claims about the United States were made by former President Donald Trump.

    Prosecutors identified the suspected ringleaders as Heinrich XIII P. R. and Ruediger v. P., in line with German privacy rules. Der Spiegel reported that the former was a well-known 71-year-old member of a minor German noble family, while the latter was a 69-year-old former paratrooper.

    Federal prosecutors said Heinrich XIII P. R., whom the group planned to install as Germany’s new leader, had contacted Russian officials with the aim of negotiating a new order in the country once the German government was overthrown. He was allegedly assisted in this by a Russian woman, Vitalia B.

    “According to current investigations there is no indication however that the persons contacted responded positively to his request,” prosecutors said.

    A further person detained by police Wednesday was identified by prosecutors as Birgit M.-W. Der Spiegel reported that the woman is a judge and former lawmaker with the far-right Alternative for Germany party.

    The party, known by its German acronym AfD, has increasingly come under scrutiny by German security services due to its ties with extremists. It declined to comment immediately on the report.

    Prosecutors said that apart from a council of leaders, or Rat, the group had tasked several members with the formation of an armed wing. Led by Ruediger v. P., the they planned to obtain weapons and conduct firearms training. It was unclear how far advanced these plans were.

    Germany’s chief federal prosecutor planned to make a statement on the case later Wednesday.

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  • Chinese cities announce further easing of COVID curbs, though police are still patrolling streets to stop protests

    Chinese cities announce further easing of COVID curbs, though police are still patrolling streets to stop protests

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    Major Chinese cities on Thursday announced a further easing of COVID restrictions, as police continued to patrol streets to avert protests and the ruling Communist Party prepared for the funeral of late leader Jiang Zemin.

    Guangzhou in the south, Shijiazhuang in the north, Chengdu in the southwest and other major cities announced they were easing testing requirements and controls on movement, as the Associated Press reported. In some areas, markets and bus service has reopened.

    In Beijing, officials will let those infected patients who are at low risk to quarantine at home for a week, rather than in a government center, Bloomberg reported, citing unnamed sources.

     China has required anyone with any degree of COVID to stay at those sites to cut transmission. The first signs of the shift have been seen in the heavily populated Chaoyang district, home to foreign embassies and offices.

    Read now: Protests against strict COVID-zero policy are sweeping China but there is no sign yet of a national political movement

    Beijing is hoping to avoid more protests, while resources are also getting thin, those sources said. However, anyone wanting to isolate at home will have to provide a written guarantee to stay at home, with a magnetized alarm fitted on their door that will alert authorized if they try to leave, one source said. Bloomberg was unable to confirm the reports with officials from Beijing or its health department.

    Large protests erupted across China as crowds voiced their frustration at nearly three years of Covid-19 controls. Here’s how a deadly fire in Xinjiang sparked domestic upheaval and a political dilemma for Xi Jinping’s leadership. Photo: Thomas Peter/Reuters

    The World Health Organization’s weekly update shows the global tally of cases was flat in the week through Nov. 27 from the week earlier. The number of fatalities fell by 5% from the previous week.

    Japan again led the world by new cases, with an 18% increase to 698,772. It was followed by South Korea, where cases rose 4% to 378,751 and the U.S., where they rose 8% to 296,882.

    Omicron and its many subvariants and sublineages remained dominant in the period from Oct. 28 to Nov. 28, accounting for 99.9% of sequences reported to a central database. The BA.5 omicron subvariant and its sublineages were dominant in the week through Nov. 13 at 73.% of all sequences, and newer strains, including BQ. 1 and XBB continued to spread in November, the agency said.

    In the U.S., known cases of COVID are rising again with the daily average standing at 45,219 on Wednesday, according to a New York Times tracker, up 15% from two weeks ago. Cases are now rising in 37 states from two weeks ago, as well as in Guam and Washington, D.C., led by Georgia, where they are up 60%, and California, where they have climbed 57%.

    The daily average for hospitalizations was up 16% at 32,445, but again, the pace of the increase is not uniform across the country. Louisiana has the highest increase in hospitalizations at 99% from two weeks ago, followed by California, where they are up 62%.

    The daily average for deaths is down 7% at 262.

    Physicians are reporting high numbers of respiratory illnesses like RSV and the flu earlier than the typical winter peak. WSJ’s Brianna Abbott explains what the early surge means for the coming winter months. Photo illustration: Kaitlyn Wang

    Coronavirus Update: MarketWatch’s daily roundup has been curating and reporting all the latest developments every weekday since the coronavirus pandemic began

    Other COVID-19 news you should know about:

    • Nineteen people, including 17 New York City and New York state public employees, were charged in a federal complaint unsealed Wednesday with submitting fraudulent applications for funds intended to help small businesses survive the coronavirus pandemic, the AP reported. The accused, including employees of New York City’s police department, correction department and public school system, listed themselves as owners of businesses that in some cases did not exist in their applications for funds through the Small Business Administration’s Economic Injury Disaster Loan program and Paycheck Protection Program, federal prosecutors in Manhattan said. The defendants collectively stole more than $1.5 million from the SBA and financial institutions that issued SBA-guaranteed loans, prosecutors said.

    • The number of people in Europe with undiagnosed HIV has risen as testing rates fell during the pandemic, threatening a global goal of ending the disease by 2030, Reuters reported, citing a report from the WHO and European Center for Disease Prevention and Control. The report found that in 2021 a quarter fewer HIV diagnoses were recorded compared to pre-pandemic levels in the WHO’s European region.

    • Republican Gov. Jim Justice said Wednesday that West Virginia’s state of emergency related to the COVID-19 pandemic will end at the start of the new year, the AP reported. The state of emergency has been in effect since March 16, 2020. It allows the governor to suspend certain rules on personnel and purchasing. “The truth is, the state of emergency doesn’t affect a whole lot, you know, anymore,” he said. “We absolutely declared an emergency at a time that we had an emergency. … Now, we need to move on.”

    Here’s what the numbers say:

    The global tally of confirmed cases of COVID-19 topped 643.4 million on Thursday, while the death toll rose above 6.63 million, according to data aggregated by Johns Hopkins University.

    The U.S. leads the world with 98.8 million cases and 1,080,444 fatalities.

    The Centers for Disease Control and Prevention’s tracker shows that 228.4 million people living in the U.S., equal to 68.8% of the total population, are fully vaccinated, meaning they have had their primary shots.

    So far, just 37.6 million Americans have had the updated COVID booster that targets the original virus and the omicron variants, equal to 12.1% of the overall population.

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  • IMF head joins chorus calling on China to adapt COVID strategy as officials pledge to boost vaccinations among elderly

    IMF head joins chorus calling on China to adapt COVID strategy as officials pledge to boost vaccinations among elderly

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    The head of the International Monetary Fund on Tuesday joined the chorus of people urging China to adopt a more targeted approach to the coronavirus pandemic as the country’s zero-COVID policy sparks protests over lockdowns and hobbles the world’s second-biggest economy.

    IMF Managing Director Kristalina Georgieva urged a “recalibration” of China’s tough “zero-COVID” approach, which is aimed at isolating every case, “exactly because of the impact it has on both people and on the economy,” as the Associated Press reported.

    See also: Some markets cheer as China vows to vaccinate more elderly. Analysts see positive movement by officials.

    Georgieva made the comments in an interview with the AP on Tuesday, after protests erupted in Chinese cities and in Hong Kong over the weekend, marking the strongest public dissent in decades.

    “We see the importance of moving away from massive lockdowns, being very targeted in restrictions,” Georgieva said Tuesday in Berlin. “So that targeting allows [China] to contain the spread of COVID without significant economic costs.”

    Georgieva also urged China to look at vaccination policies and focus on vaccinating the “most vulnerable people.”

    A low rate of vaccinations among the elderly is a major reason Beijing has had to resort to lockdowns, while the emergence of more-contagious variants has made it increasingly hard to halt the spread of the virus.

    In a rare show of defiance, crowds in China gathered for the third night as protests against COVID restrictions spread to Beijing, Shanghai and other cities. People held up blank sheets of paper, symbolizing censorship, and demanded the Chinese president step down. Photo: Kyodo News/Zuma Press

    Chinese health officials said Tuesday they are preparing a push to get more older people vaccinated, the Guardian reported. The National Health Commission told reporters it would target more vaccinations at people older than 80 and would reduce to three months the gap between basic vaccination and booster shots for elderly people.

    But experts, including President Joe Biden’s chief medical adviser, Anthony Fauci, have expressed concern that China’s homegrown vaccines are not effective enough. China has not yet approved the vaccines developed by Pfizer
    PFE,
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    ,
    BioNTech
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    +1.16%

    and Moderna
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    for public use. The shortcomings of China’s vaccines have led Chinese doctors to warn that a lifting of the zero-COVID policy could lead to a massive surge in cases that could overwhelm China’s healthcare system.

    Now read: China’s strict zero-COVID policy isn’t worth the damage it does to its economy

    Meanwhile, with police out in force, there was little news of protests in Beijing, Shanghai or other cities on Tuesday, the AP reported separately.

    In the U.S., known cases of COVID are rising again, with the daily average standing at 41,755 on Monday, according to a New York Times tracker, up 6% from two weeks ago. Cases are rising in 22 states, as well as Guam and Washington, D.C., and are flat in Nebraska. They are rising fastest in Arizona, where they are up 82% from two weeks ago, followed by Michigan, where they are up 77%.

    The daily average for hospitalizations is flat at 28,135, while the daily average for deaths is up 6% to 314.

    Physicians are reporting high numbers of respiratory illnesses like RSV and the flu earlier than the typical winter peak. WSJ’s Brianna Abbott explains what the early surge means for the winter months. Photo illustration: Kaitlyn Wang

    Coronavirus Update: MarketWatch’s daily roundup has been curating and reporting all the latest developments every weekday since the coronavirus pandemic began

    Other COVID-19 news you should know about:

    • The World Health Organization has issued an emergency-use listing for the Novavax
    NVAX,
    +6.19%

    protein-based COVID vaccine as a primary series for children ages 12-17 and as a booster for those ages 18 and older, Novavax said Tuesday. The WHO previously granted an emergency-use listing for the Nuvaxovid vaccine in adults ages 18 and older in December 2021, the company said. The new listing also paves the way for adults to get a booster shot of the vaccine about six months after completing the primary two-dose series.

    • New Jersey Gov. Phil Murphy, a Democrat, said Monday his administration has launched a promised review of its handling of the pandemic, the AP reported. The administration hired regional law firm Montgomery McCracken Walker & Rhoads — which has offices in the state as well as Delaware, Pennsylvania and New York — along with management consulting firm Boston Consulting Group to conduct the review. The review is expected to end with a report in late 2023, the governor said.

    • A Connecticut program that offered “hero pay” to essential workers at the peak of the pandemic got so many applicants that state lawmakers had to go back into session Monday to provide extra funding and put new limits on who could get the biggest bonuses, the AP reported. Initially, the state had expected to award about $30 million in bonuses to people who had to go to work, in person, in jobs in healthcare, food distribution, public safety and other essential services. But after getting 155,730 applications from eligible people, lawmakers realized they would have to either put more money in or slash benefits.

    Here’s what the numbers say:

    The global tally of confirmed cases of COVID-19 topped 641.8 million on Monday, while the death toll rose above 6.63 million, according to data aggregated by Johns Hopkins University.

    The U.S. leads the world with 98.6 million cases and 1,079,477 fatalities.

    The Centers for Disease Control and Prevention’s tracker shows that 228.4 million people living in the U.S., equal to 68.8% of the total population, are fully vaccinated, meaning they have had their primary shots.

    So far, just 37.6 million Americans have had the updated COVID booster that targets the original virus and the omicron variants, equal to 12.1% of the overall population.

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  • China’s zero-COVID strategy makes no sense and its homegrown vaccines are not ‘particularly effective,’ says  Fauci

    China’s zero-COVID strategy makes no sense and its homegrown vaccines are not ‘particularly effective,’ says Fauci

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    Widespread protests across China over the government’s zero-COVID policy dominated pandemic headlines Monday, with Anthony Fauci, President Joe Biden’s chief medical adviser, weighing in with the view that the strategy does not make public-health sense. 

    China’s biggest challenge is low vaccination rates — and a vaccine that has not been “particularly effective at all” compared with the ones being used in the West that are made by Pfizer
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    and its German partner BioNTech 
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    and by Moderna
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    ,
    said Fauci, who is retiring next month.

    Fauci recalled that when New York hospitals were overwhelmed by COVID cases three years ago, the decision was made to introduce restrictions, such as social distancing and shutdowns, to help flatten the curve of infections. But he noted that it was a temporary move aimed at buying time to get more people vaccinated and move personal protective equipment to where it was needed.

    The first vaccine was distributed in the U.S. in December 2020.

    Read: U.S. stock futures fall as Chinese protests rattle markets, oil hits 2022 low

    “It seems that in China, it was just a very, very strict, extraordinary lockdown where you lock people in the house, but without, seemingly, any endgame to it,” said Fauci, who is also head of the National Institute of Allergy and Infectious Diseases. 

    Fauci said one mistake the Chinese government has made is to refuse outside vaccines. “But also, interestingly, they did not, for reasons that I don’t fully appreciate, protect the elderly by making sure the elderly got vaccinated,” he said. “So if you look at the prevalence of vaccinations among the elderly, that was almost counterproductive. The people you really needed to protect were not getting protected.”

    The protests have roiled financial markets and caused oil prices to erase their entire year-to-date gain. In a highly unusual move, protesters in Shanghai called for China’s powerful leader Xi Jinping to resign, an unprecedented rebuke as authorities in at least eight cities struggled Sunday to suppress demonstrations that represent a rare direct challenge to the ruling Communist Party, as the Associated Press reported.

    The BBC said reporter Ed Lawrence, who was arrested while covering protests, was beaten and kicked by police while in custody.

    “We have had no explanation or apology from the Chinese authorities, beyond a claim by the officials who later released him that they had arrested him for his own good in case he caught COVID from the crowd,” the broadcaster said in a statement. “We do not consider this a credible explanation.”

    For more, see: BBC says official explanation for journalist arrest in China is that he was detained to prevent contraction of COVID

    See also: China protests are biggest threat to Communist Party rule since Tiananmen Square, Kyle Bass says

    In a rare show of defiance, crowds in China gathered for a third night as protests against COVID restrictions spread to Beijing, Shanghai and other cities. People held blank sheets of paper, symbolizing censorship, and demanded that the Chinese president, Xi Jinping, step down. Photo: Noel Celis/Agence France-Presse/Getty Images

    In the U.S., known cases of COVID are rising again with the daily average standing at 41,997 on Sunday, according to a New York Times tracker, up 6% from two weeks ago.

    Cases are currently rising in 22 states, plus Washington, D.C., and Guam, but are falling elsewhere.

    The daily average for hospitalizations is up 4% to 29,053. Hospitalizations are rising in 23 states, the tracker shows.

    The daily average for deaths is up 4% to 330.

    Coronavirus Update: MarketWatch’s daily roundup has been curating and reporting all the latest developments every weekday since the coronavirus pandemic began

    Other COVID-19 news you should know about:

    • The World Health Organization said Monday it is recommending the term “mpox” as a new name for monkeypox disease and that it would use both names for a year while “monkeypox” is phased out. “When the outbreak of monkeypox expanded earlier this year, racist and stigmatizing language online, in other settings and in some communities was observed and reported to WHO,” the agency said in a statement. “In several meetings, public and private, a number of individuals and countries raised concerns and asked WHO to propose a way forward to change the name.” The WHO has responsibility for assigning names to new — and exceptionally, to existing — diseases, under the International Classification of Diseases and the WHO Family of International Health Related Classifications through a consultative process that includes WHO member states, it explained. The new name was decided upon following consultations with global experts, it said. 

    Residents in Shanghai received the world’s first inhaled COVID-19 vaccine by taking sips from a cup. WSJ’s Dan Strumpf explains how the new type of vaccine works and what it means for China’s reopening. Photo: Associated Press/Shanghai Media Group

    • Unrest at one of China’s biggest manufacturing centers may cause a production shortfall this year of possibly 6 million Apple iPhone Pros, according to a source cited by Bloomberg. The Foxconn Technology 2354 facility in Zhengzhou, which makes the majority of Apple’s premium phones, has been struggling for weeks as workers rebel against COVID lockdown policies. Apple 
    AAPL,
    -2.13%

    recently lowered its overall production target from 90 million units to 87 million units. However, Foxconn believes it can make up any shortfall from Zhengzhou in 2023.

    • A blood-thinning drug called Apixaban, which has been used for patients recovering from COVID, does not work and can cause major bleeding, according to new research reported by the Guardian. The anticoagulant, given to patients when they are discharged from a hospital after being treated for moderate or severe COVID, is widely used by hospitals across the U.K.’s National Health Service. However, the government-funded Heal-Covid trial has found that the drug does not work. Charlotte Summers, the chief investigator of the trial, said: “These first findings from Heal-Covid show us that a blood-thinning drug, commonly thought to be a useful intervention in the post-hospital phase, is actually ineffective at stopping people dying or being readmitted to hospital.”

    Here’s what the numbers say:

    The global tally of confirmed cases of COVID-19 topped 641.6 million on Monday, while the death toll rose above 6.63 million, according to data aggregated by Johns Hopkins University.

    The U.S. leads the world with 98.6 million cases and 1,079,199 fatalities.

    The Centers for Disease Control and Prevention’s tracker shows that 228.4 million people living in the U.S., equal to 68.8% of the total population, are fully vaccinated, meaning they have had their primary shots.

    So far, just 37.6 million Americans have had the updated COVID booster that targets the original virus and the omicron variants, equal to 12.1% of the overall population.

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  • U.S. unlikely to see another late-year omicron wave, but Fauci urges people to get new COVID booster

    U.S. unlikely to see another late-year omicron wave, but Fauci urges people to get new COVID booster

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    The U.S. is unlikely to suffer the same surge of COVID-19 infections this winter as it did last year, when the omicron variant first emerged and swept across the country, senior health officials said Tuesday.

    On Tuesday, Anthony Fauci, President Joe Biden’s chief medical adviser, addressed reporters for the last time ahead of his retirement, saying that the current combination of infections and vaccinations means there’s “enough community protection that we’re not going to see a repeat of last year at this time.”

    But Fauci urged those Americans who have not yet gotten their updated booster to do so quickly, telling them it’s the best one so far. Only 35 million Americans have received the bivalent booster since it was rolled out in September.

    “[What] may be the final message I give you from this podium is that please, for your own safety, for that of your family, get your updated COVID-19 shot as soon as you’re eligible,” Fauci said.

    The Centers for Disease Control and Prevention has estimated that the new boosters, which target the original virus as well as the latest omicron variants, provide an additional 30% to 56% protection against symptomatic infection, depending on a person’s age, how many prior vaccine shots they have had and when they had them, as the Associated Press reported.

    The people who get the greatest benefit from the new booster are those who got two doses of the original COVID-19 vaccine at least eight months earlier and never got a prior booster, said the CDC’s Ruth Link-Gelles, who led the study.

    The original shots have offered strong protection against severe disease and death no matter the variant, but their protection against mild infection wanes. The CDC’s analysis has tracked only the first few months of the new boosters’ use, so it’s too early to know how long the added protection against symptomatic infection will last.

    But “certainly as we enter the holiday season, personally I would want the most possible protection if I’m seeing my parents and grandparents,” Link-Gelles said. “Protection against infection there is going to be really helpful, because you potentially would stop yourself from getting a grandparent or other loved one sick.”

     The Biden administration announced a six-week campaign urging people — especially older people — to get the boosters, saying the shots could save lives as Americans gather for the holidays.

    Physicians are reporting high numbers of respiratory illnesses like RSV and the flu earlier than the typical winter peak. WSJ’s Brianna Abbott explains what the early surge means for the winter months. Photo illustration: Kaitlyn Wang

    Don’t miss: Confused about COVID boosters? Here’s what the science and the experts say about the new generation of shots.

    In the U.S., known cases of COVID are rising again, with the daily average standing at 42,220 on Tuesday, according to a New York Times tracker, up 7% from two weeks ago. Cases are rising in 25 states, led by Washington state, where they are up 279% from two weeks ago.

    The daily average for hospitalizations is flat at 27,923, while the daily average for deaths is up 3% to 319.

    Coronavirus Update: MarketWatch’s daily roundup has been curating and reporting all the latest developments every weekday since the coronavirus pandemic began

    Other COVID-19 news you should know about:

    • Employees at the world’s biggest Apple
    AAPL,
    +0.59%

    iPhone factory were beaten and detained in protests over contract disputes amid antivirus controls, according to witnesses and videos posted on social media Wednesday, as tensions mount over Beijing’s severe zero-COVID strategy, the AP reported. Videos reportedly filmed at the factory in the central city of Zhengzhou showed thousands of people in masks facing rows of police in white protective suits with plastic riot shields. Police kicked and hit one protester with clubs after he grabbed a metal pole that had been used to strike him. Frustrations have boiled over into protests in some parts of China where shops and offices have been closed and millions of people confined to their homes for weeks at a time with little warning. Videos on social media show residents in some areas tearing down barricades set up to enforce neighborhood closures.

    Footage shows police in protective suits beating workers at the Foxconn facility in Zhengzhou, China. The world’s biggest Apple iPhone factory had been under COVID-19 lockdowns in recent weeks. Screenshot: Associated Press

    • The Ohio Supreme Court has dismissed a lawsuit challenging Gov. Mike DeWine’s authority to end Ohio’s participation in a federal pandemic unemployment aid program ahead of the federal government’s 2021 deadline for stopping the payments, the AP reported. The court’s unanimous decision on Tuesday called the case “moot” without any additional explanation. At issue before the court was a weekly $300 federal payment for Ohioans to offset the economic impact of the coronavirus pandemic. The federal government ended that in September of last year, but DeWine stopped the payments two months earlier, saying the need was over.

    • Infections from antibiotic-resistant pathogens known as superbugs have more than doubled in healthcare facilities in Europe, an EU agency said on Thursday, providing further evidence of the wider impact of the COVID pandemic, Reuters reported. The European Center for Disease Prevention and Control said reported cases of two highly drug-resistant pathogens increased in 2020, the first year of the COVID-19 pandemic, then sharply jumped in 2021.

    • The National Institutes of Health has set up a website for people to anonymously self-report the results of at-home COVID-19 tests, whether positive or negative. The site, MakeMyTestCount.org, will gather the data and then share the information, stripped of personal identifiers, with the public-health systems that track COVID-19 test results provided by healthcare providers and laboratories. The widespread use of at-home COVID tests in 2022 meant the U.S. had a more limited understanding of COVID surges than in the past.

    Here’s what the numbers say:

    The global tally of confirmed cases of COVID-19 topped 639.1 million on Wednesday, while the death toll rose above 6.62 million, according to data aggregated by Johns Hopkins University.

    The U.S. leads the world with 98.4 million cases and 1,077,800 fatalities.

    The Centers for Disease Control and Prevention’s tracker shows that 228.2 million people living in the U.S., equal to 68.7% of the total population, are fully vaccinated, meaning they have had their primary shots.

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  • Opinion: No, an indictment wouldn’t end Trump’s run for the presidency – he could even campaign or serve from a jail cell

    Opinion: No, an indictment wouldn’t end Trump’s run for the presidency – he could even campaign or serve from a jail cell

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    Donald Trump announced his 2024 run for the presidency on Nov. 15. In his address he railed against what he perceived as the “persecution” of himself and his family, but made scant mention of his legal woes.

    There is also the not-so-small matter of a Justice Department investigation into the Jan. 6 storming of the Capitol.

    The announcement has led some to speculate that Trump may be hoping that becoming a presidential candidate will in some way shield him from prosecution.

    Donald Trump has announced his bid to run in the 2024 presidential race. WSJ’s Alex Leary breaks down the challenges the former president will face on the campaign trail, including new political rivals and a waning influence among voters. Photo Composite: Adele Morgan

    So, does an indictment—or even a felony conviction—prevent a presidential candidate from running or serving in office?

    The short answer is no. Here’s why:

    The U.S. Constitution specifies in clear language the qualifications required to hold the office of the presidency. In Section 1, Clause 5 of Article II, it states: “No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President; neither shall any Person be eligible to that Office who shall not have attained to the Age of thirty five Years, and been fourteen Years a Resident within the United States.”

    These three requirements—natural-born citizenship, age, and residency—are the only specifications set forth in the United States’ founding document.

    Congress has ‘no power to alter’

    Furthermore, the Supreme Court has made clear that constitutionally prescribed qualifications to hold federal office may not be altered or supplemented by either the U.S. Congress or any of the states.

    Justices clarified the court’s position in their 1969 Powell v. McCormack ruling. The case followed the adoption of a resolution by the House of Representatives barring pastor and New York politician Adam Clayton Powell Jr. from taking his seat in the 90th Congress.

    The resolution was not based on Powell’s failure to meet the age, citizenship and residency requirements for House members set forth in the Constitution. Rather, the House found that Powell had diverted Congressional funds and made false reports about certain currency transactions.

    When Powell sued to take his seat, the Supreme Court invalidated the House’s resolution on grounds that it added to the constitutionally specified qualifications for Powell to hold office. In the majority opinion, the court held that: “Congress has no power to alter the qualifications in the text of the Constitution.”

    For the same reason, no limitation could now be placed on Trump’s candidacy. Nor could he be barred from taking office if he were to be indicted or even convicted.

    But in case of insurrection…

    The Constitution includes no qualification regarding those conditions—with one significant exception. Section 3 of the 14th Amendment disqualifies any person from holding federal office “who, having previously taken an oath…to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.”

    The reason why this matters is the Justice Department is currently investigating Trump for his activities related to the Jan. 6 insurrection at the Capitol.

    Under the provisions of the 14th Amendment, Congress is authorized to pass laws to enforce its provisions. And in February 2021, one Democratic congressman proposed House Bill 1405, providing for a “cause of action to remove and bar from holding office certain individuals who engage in insurrection or rebellion against the United States.”

    Even in the event of Trump being found to have participated “in insurrection or rebellion,” he might conceivably argue that he is exempt from Section 3 for a number of reasons. The 14th Amendment does not specifically refer to the presidency and it is not “self-executing”—that is, it needs subsequent legislation to enforce it. Trump could also point to the fact that Congress enacted an Amnesty Act in 1872 that lifted the ban on office holding for officials from many former Confederate states.

    He might also argue that his activities on and before Jan. 6 did not constitute an “insurrection” as it is understood by the wording of the amendment. There are few judicial precedents that interpret Section 3, and as such its application in modern times remains unclear. So even if House Bill 1405 were adopted, it is not clear whether it would be enough to disqualify Trump from serving as president again.

    Running from behind bars

    Even in the case of conviction and incarceration, a presidential candidate would not be prevented from continuing their campaign—even if, as a felon, they might not be able to vote for themselves.

    History is dotted with instances of candidates for federal office running—and even being elected—while in prison. As early as 1798—some 79 years before the 14th Amendment — House member Matthew Lyon was elected to Congress from a prison cell, where he was serving a sentence for sedition for speaking out against the Federalist Adams administration.

    Eugene Debs, founder of the Socialist Party of America, ran for president in 1920 while serving a prison sentence for sedition. Although he lost the election, he nevertheless won 913,693 votes. Debs promised to pardon himself if he were elected.

    And controversial politician and conspiracy theorist Lyndon LaRouche also ran for president from a jail cell in 1992.

    A prison cell as the Oval Office?

    Several provisions within the Constitution offer alternatives that could be used to disqualify a president under indictment or in prison.

    The 25th Amendment allows the vice president and a majority of the Cabinet to suspend the president from office if they conclude that the president is incapable of fulfilling his duties.

    The amendment states that the removal process may be invoked “if the President is unable to discharge the powers and duties of his office.”

    It was proposed and ratified to address what would happen should a president be incapacitated due to health issues. But the language is broad and some legal scholars believe it could be invoked if someone is deemed incapacitated or incapable for other reasons, such as incarceration.

    To be sure, a president behind bars could challenge the conclusion that he or she was incapable from discharging the duties simply because they were in prison. But ultimately the amendment leaves any such dispute to Congress to decide, and it may suspend the president from office by a two-thirds vote.

    Indeed, it is not clear that a president could not effectively execute the duties of office from prison, since the Constitution imposes no requirements that the executive appear in any specific location. The jail cell could, theoretically, serve as the new Oval Office.

    Finally, if Trump were convicted and yet prevail in his quest for the presidency in 2024, Congress might choose to impeach him and remove him from office. Article II, Section 4 of the Constitution allows impeachment for “treason, bribery, and high crimes and misdemeanors.”

    Whether that language would apply to Trump for indictments or convictions arising from his previous term or business dealings outside of office would be a question for Congress to decide. The precise meaning of “high crimes and misdemeanors” is unclear, and the courts are unlikely to second-guess the House in bringing an impeachment proceeding.

    For sure, impeachment would remain an option—but it might be an unlikely one if Republicans maintained their majority in the House in 2024 and 2026.

    Stefanie Lindquist is Foundation Professor of Law and Political Science at Arizona State University. She previously taught at Vanderbilt University, the University of Georgia and the University of Texas.

    This commentary was originally published by The Conversation—No, an indictment wouldn’t end Trump’s run for the presidency—he could even campaign or serve from a jail cell

    More on Trump’s legal problems

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    Justice Department weighs appointing special counsel if Trump runs in 2024, report says

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  • Dow ekes out gain, stocks end higher on signs of easing inflation, but Russia’s war in Ukraine intensifies

    Dow ekes out gain, stocks end higher on signs of easing inflation, but Russia’s war in Ukraine intensifies

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    U.S. stocks closed higher Tuesday, but off the session’s best levels, after more data suggested inflation may be slowing and mega-retailer Walmart offered a rosier annual forecast.

    The Dow turned negative earlier in the session after the Associated Press reported that Russian missiles crossed into Poland and killed two people, ratcheting up geopolitical tension given Poland is a NATO country.

    How stocks traded
    • S&P 500 index
      SPX,
      +0.87%

      rose 34.48 points, or 0.9%, to close at 3,991.73.

    • Dow Jones Industrial Average
      DJIA,
      +0.17%

      climbed 56.22 points, or 0.2%, ending at 33,592.92, after touching a nearly three-month high of 33,987.06 earlier.

    • Nasdaq Composite
      COMP,
      +1.45%

      climbed 162.19 points, or 1.5%, closing at 11,358.41.

    On Monday, U.S. stocks finished near session lows after early gains evaporated. The Dow Jones Industrial Average fell 211 points, or 0.6%, while the S&P 500 declined 36 points, or 0.9% and the Nasdaq Composite dropped 226 points, or 2%.

    What drove markets

    U.S. stocks closed higher Tuesday, after another batch of inflation data showed that whole prices rises were slowing in October for the second straight month.

    The Dow’s brief negative turn came after reports that Russian military bombarded Ukraine Tuesday. In the attack, missiles reportedly crossed into Poland, a member of NATO, the Associated Press said, citing a senior U.S. intelligence official.

    “Geopolitical concerns obviously are never positive for the market,” said Peter Cardillo, chief market economist at Spartan Capital Securities.

    On Tuesday, oil futures settled higher. West Texas Intermediate crude for December delivery rose to $1.05, or 1.2%, reaching $86.92 a barrel.

    While markets had started to price in the toll of Russian’s nearly nine-month invasion of Ukraine, it had not priced in an potential escalation of the war, said Kent Engelke, chief economic strategist at Capitol Securities Management.

    “Talk about geopolitical angst returning,” Engelke said, later adding, “If there were really missiles shot to Poland and that was really not an accident, wow, that is really  increasing the scope of the war.”

    A U.S. National Security Council spokesperson said the agency was aware of the news reports out of Poland, but that it cannot confirm the reports or any details at this time.

    While international worries clouded the session, there was also encouraging domestic news.

    The U.S. producer-price index climbed 8% over the 12 months through October, the Labor Department said Tuesday, easing from September’s revised 8.4% increase. Last week, stocks surged after the October consumer-price index rose more slowly than expected.

    See: Wholesale prices rise slowly again and point to softening U.S. inflation

    Tuesday’s PPI report helped support the notion that inflation has peaked, at least for now.

    “Today, it’s really about the PPI and the market reaction to it,” Steve Sosnick, chief strategist at Interactive Brokers
    IBKR,
    +3.45%
    ,
    said in a Tuesday morning interview before the reports of missiles crossing into Poland.

    Markets ripped higher last Thursday after October’s consumer-price index showed signs of easing. The same dynamic was playing out Tuesday, but the response now has been “a bit more muted” because it’s an iteration on inflation data that investors already had been starting to see, Sosnick said.

    So, is the economy really at peak inflation? It’s too early to say for sure, according to Sosnick. Still, the PPI numbers, paired with last week’s CPI reading “does add evidence to that narrative,” he added.

    Walmart’s third quarter earnings also were buoying markets, Sosnick said. The massive retailer’s beat on earnings offers a glimpse at the minds and wallets of many American consumers. For anyone who worries about consumers “getting highly defensive” and not spending, Walmart’s numbers are “counter evidence.”

    In other news, the first face-to-face meeting between President Joe Biden and President Xi Jinping helped support stocks listed in China and Hong Kong, as some of the tensions between the world’s two largest economies were seen to be easing.

    The upbeat tone from Asia, which included Taiwan Semiconductor Manufacturing Company
    TSM,
    +10.52%

    jumping 7.7% on news Warren Buffett had bought a $5 billion stake, underpinned European bourses, which closed higher for a fourth session in a row.

    Read also: Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’

    Analysts increasingly expect stocks to enjoy a positive end to the year. “The near-term picture still looks positive for U.S. benchmark indices and while momentum has reached intra-day overbought levels, this doesn’t imply a selloff has to happen right away,” said Mark Newton, head of technical strategy at Fundstrat.

    Philadelphia Federal Reserve President Patrick Harker said Tuesday that he favored a 50 basis-point hike to the Fed’s benchmark rate in December. Atlanta Fed President Raphael Bostic said more rate hikes will be needed, even through there have been “glimmers of hope” on inflation.

    Fed Vice Chairman for Supervision Michael Barr said Tuesday that the U.S. economy is likely to slow in coming months, and more workers will lose their jobs, in Senate testimony. The Fed is working with regulators to assess risks tied to cryptocurrency markets, following the collapse of FTX and its associated companies.

    In other U.S. economic data, the New York Empire State manufacturing index for November showed a gauge of manufacturing activity in the state rose 13.6 points to 4.5 this month.

    The yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.774%

    was down 6.7 basis points at 3.798%. Bond yields move inversely to prices.

    Companies in focus
    • Walmart
      WMT,
      +6.54%

      shares jumped after the giant retailer swung to a net third-quarter loss, due to $3.3 billion in charges related to opioid legal settlements, but reported adjusted profit, revenue and same-store sales that were well above expectations and a full-year outlook that was above forecasts. Walmart shares opened Tuesday at $145.61 and closed at $147.48, or 6.57% higher.

    • Home Depot
      HD,
      +1.63%

      rose after the home improvement retailer reported fiscal third-quarter earnings that beat expectations, citing strength in project-related categories, but kept its full-year outlook intact. Home Depot shares opened Tuesday at $304.06 and closed at $311.99.

    • Chinese-listed technology traded sharply higher on Tuesday, including U.S.-traded ADRs for Alibaba Group Holding
      BABA,
      +11.17%
      ,
      Baidu Inc.
      BIDU,
      +9.02%

      and JD.com Inc.
      JD,
      +7.14%

      The KraneShares CSI China Internet exchange-traded fund
      KWEB,
      +9.56%

      also traded substantially higher.

    Jamie Chisholm contributed reporting to this article

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  • Ukraine troops prepare to reclaim city abandoned by Russians

    Ukraine troops prepare to reclaim city abandoned by Russians

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    Russia relinquished its final foothold in a major city in southern Ukraine on Friday, clearing the way for victorious Ukrainian forces to reclaim the country’s only Russian-held provincial capital that could act as a springboard for further advances into occupied territory.

    Russia’s Defense Ministry said its troops finished withdrawing from the western bank of the river that divides Ukraine’s Kherson region at 5 a.m. The area they left included the city of Kherson, the only provincial capital Russia had captured during its nearly nine-month invasion of Ukraine.

    Videos and photos on social media showed residents jubilantly taking to the streets and a Ukrainian flag flying over a monument in a central Kherson square for the first time since the city was seized in early March. Some footage showed crowds cheering on men in military uniform.

    Ukrainian officials have not confirmed the city was back in Ukrainian hands. A spokesperson for Ukraine’s military intelligence agency said “an operation to liberate Kherson” and the surrounding region of the same name was underway.

    “It will be possible to talk about establishing Ukrainian control over the city only after an official report by the General Staff” of the Ukrainian army, Andriy Yusov told The Associated Press.

    Ukrainian intelligence urged Russian soldiers who might still be in the city to surrender in anticipation of Ukrainian forces arriving. “Your command left you to the mercy of fate,” it said in a statement. “Your commanders urge you to change into civilian clothes and try to escape from Kherson on your own. Obviously, you won’t be able to.”

    A Ukrainian regional official, Serhii Khlan, disputed the Russian Defense Ministry’s claim that the 30,000 retreating troops took all 5,000 pieces of equipment with them, saying “a lot” of hardware got left behind.

    The final Russian withdrawal came six weeks after Russian President Vladimir Putin illegally annexed the Kherson region and three other Ukrainian provinces, vowing they would remain Russian forever.

    Moscow’s forces still control about 70% of the Kherson region following the pullback ordered amid a Ukrainian counteroffensive.

    The Kremlin remained defiant Friday, insisting the withdrawal in no way represented an embarrassment for Putin. Moscow continues to view the entire Kherson region as part of Russia, Kremlin spokesman Dmitry Peskov told reporters.

    He added that the Kremlin doesn’t regret holding festivities just over a month ago to celebrate the annexation of occupied or partially occupied regions of Ukraine.

    Shortly before the Russian announcement, the office of Ukrainian President Volodymyr Zelenskyy described the situation in the province as “difficult.” It reported Russian shelling of some villages and towns Ukrainian forces reclaimed in recent weeks during their counteroffensive in the Kherson region.

    The General Staff of Ukraine’s army said the Russian forces left looted homes, damaged power lines and mined roads in their wake. Ukrainian presidential adviser Mykhailo Podolyak predicted Thursday the departing Russians would seek to turn Kherson into a “city of death” and would continue to shell it after relocating across the Dnieper River.

    Ukrainian officials were wary of the Russian pullback announced this week, fearing their soldiers could get drawn into an ambush in Kherson city, which had a prewar population of 280,000. Military analysts also had predicted it would take Russia’s military at least a week to complete the troop withdrawal.

    Without referencing events unfolding in Kherson, Zelenskyy said in a video message thanking U.S. military personnel on Veterans Day that “victory will be ours.”

    “Your example inspires Ukrainians today to fight back against Russian tyranny,” he said. “Special thanks to the many American veterans who have volunteered to fight in Ukraine and to the American people for the amazing support you have given Ukraine. With your help, we have stunned the world and are pushing Russian forces back.”

    However, some quarters of the Ukrainian government barely disguised their glee at the pace of the Russian withdrawal.

    “The Russian army leaves the battlefields in a triathlon mode: steeplechase, broad jumping, swimming,” Andriy Yermak, a senior presidential adviser, tweeted. Social media videos showed villagers hugging Ukrainian troops.

    Recapturing Kherson city could provide Ukraine a strong position from which to expand its southern counteroffensive to other Russian-occupied areas, potentially including Crimea, which Moscow seized in 2014.

    From its forces’ new positions on the eastern bank, however, the Kremlin could try to escalate the war, which U.S. assessments showed may already have killed or wounded tens of thousands of civilians and hundreds of thousands of soldiers.

    Gen. Ben Hodges, former commanding general of U.S. Army forces in Europe, described the retreat from Kherson as a “colossal failure” for Russia, and said he expects Ukrainian commanders will work to keep the pressure on Russia’s depleted forces ahead of a possible future push for Crimea next year.

    “It’s too early to be planning the victory parade, for sure. But I would expect by the end of this year — so in the next, let’s say, eight weeks — the Ukrainians are going to be in place to start setting the conditions for the decisive phase of this campaign, which is the liberation of Crimea, which I think will happen by the summer,” he said in a telephone interview.

    Meanwhile, a Russian S-300 missile strike overnight killed seven people in Mykolaiv, about 68 kilometers (42 miles) from Kherson’s regional capital, Zelenskyy’s office said Friday morning. Rescue crews sifted through the rubble of a five-story residential building in search of survivors.

    Standing in front of what used to be his family’s apartment, Roman Mamontov, 16, awaited news about his missing mother. Mamontov said he found “nothing there” when he opened the door to look for his mother after the missile struck. Friday was her 34th birthday, the teenager said.

    “My mind was blank at that moment. I thought it could not be true,” he said. “The cake she prepared for the celebration is still there.”

    Zelenskyy called the missile strike “the terrorist state’s cynical response to our successes at the front.”

    “Russia does not give up its despicable tactics. And we will not give up our struggle. The occupiers will be held to account for every crime against Ukraine and Ukrainians,” Zelenskyy said.

    The Russian Defense Ministry didn’t acknowledge striking a residential building in Mykolaiv, saying only that an ammunition depot was destroyed “in the area of the city.”

    Mykolaiv mayor Oleksandr Sienkevych told the AP that Russia could step up its shelling of his city in light of Ukraine’s advances. “The more success the Ukrainian army has, Russia lowers its bar of terrorism,” he said.

    Sienkevych said that S-300 missiles launched from the Kherson region can reach Mykolaiv within one minute. Some 149 civilians have been killed and 700 people seriously wounded in the city since the Feb. 24 start of the war.

    The president’s office said Russian drones, rockets and heavy artillery strikes across eight regions killed at least 14 civilians between Thursday morning and Friday morning.

    The state of the key Antonivskiy Bridge that links the western and eastern banks of the Dnieper in the Kherson region remained unclear Friday. Russian media reports suggested the bridge was blown up following the Russian withdrawal; pro-Kremlin reporters posted footage of the bridge missing a large section.

    But Sergei Yeliseyev, a Russian-installed official in the Kherson region, told the Interfax news agency the bridge hadn’t been blown up.

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  • Russians announce withdrawal from part of Kherson, a key position in southern Ukraine

    Russians announce withdrawal from part of Kherson, a key position in southern Ukraine

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    Russia’s military has announced that it’s withdrawing from the western bank of the Dnieper River in Ukraine’s southern Kherson region, annexed by Moscow in September.

    The top Russian military commander in Ukraine, Gen. Sergei Surovikin, reported to Defense Minister Sergei Shoigu Wednesday that it was impossible to deliver supplies to the city of Kherson and other areas on the western bank, and Shoigu agreed with his proposal to retreat and set up defenses on the eastern bank.

    The withdrawal from the city of Kherson is a major setback for Russia — it is the only regional capital Russian forces had seized during the eight-month war.

    Elsewhere villages and towns in Ukraine saw more heavy fighting and shelling Wednesday as Ukrainian and Russian forces strained to advance on different fronts after more than 8 1/2 months of war.

    At least nine civilians were killed and 24 others were wounded in 24 hours, the Ukrainian president’s office said. It accused Russia of using explosive drones, rockets, heavy artillery and aircraft to attack eight regions in the country’s southeast.

    Ukrainian and Russian forces also clashed overnight over Snihurivka, a town about 50 kilometers (30 miles) north of the southern city of Kherson. Ukraine’s army hopes to reclaim the Russian-occupied city, the only regional capital captured during Moscow’s February 24 invasion and a key target of an ongoing counteroffensive.

    Kirill Stremousov, the deputy head of the Kherson region’s Kremlin-appointed administration, said in a Telegram post that the Ukrainian army had “gained a foothold” along a railway line in Snihurivka’s north. In a separate post, he claimed Russian forces had repulsed the Ukrainian advance.

    The Kherson region is one of four provinces of Ukraine that Russian President Vladimir Putin illegally annexed and subsequently placed under Russian martial law. The Russian military has concentrated much of its firepower on securing control of the others – Luhansk, Donetsk and Zaporizhzhia.

    Earlier this week, Ukrainian President Volodymyr Zelenskyy reiterated that the return of all occupied territory was a condition for any peace talks with Russia. The Kremlin is unlikely to give up its internationally unrecognized claim to the regions annexed in September or to Crimea, which Russia seized from Ukraine in 2014.

    The president’s office said widespread Russian strikes on Ukraine’s energy system continued. Two cities not far from Europe’s largest nuclear power plant were shelled overnight, it said. More than 20 residential buildings, an industrial plant, a gas pipeline and a power line were reportedly damaged in Nikopol, which lies across the Dnieper River from the the Zaporizhzhia Nuclear Power Plant.

    Further west, in the Dnipropetrovsk region, the Ukrainian governor reported “massive” overnight strikes with exploding Iranian-made drones that wounded four energy company workers in the city of Dnipro.

    “Attacks on civilian infrastructure are war crimes in themselves. The Kremlin is at war with Ukrainian civilians, trying to leave millions of people without water and light (for them) to freeze in the winter,” Gov. Valentyn Reznichenko said on Ukrainian TV.

    In a related development, a senior Russian security official arrived in Iran for high-level talks late on Tuesday, Russian media reported.

    News of the trip by Nikolai Patrushev, secretary of the powerful Russian Security Council chaired by Putin, came days after Tehran admitted that it had supplied Moscow with the explosive-laden drones, after weeks of official denials.

    A Washington-based think tank linked Patrushev’s visit to likely discussions over the possible sale of Iranian surface-to-surface ballistic missiles to Russia. The Institute for the Study of War said late Tuesday that the Kremlin was “continuing efforts to covertly acquire munitions for use in Ukraine, to mitigate the effects of international sanctions and backfill Russia’s ongoing depletion of domestic munitions stockpiles.”

    The increasingly close military and political cooperation between Moscow and Tehran at the time of the war in Ukraine has worried the United States and other Western powers.

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  • North Korea fires another missile, flies warplanes near border

    North Korea fires another missile, flies warplanes near border

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    North Korea early Friday local time launched a short-range ballistic missile toward its eastern waters and flew warplanes near the border with South Korea, further raising animosities triggered by the North’s recent barrage of weapons tests.

    South Korea’s military also said it detected North Korea firing about 170 rounds of artillery from eastern and western coastal areas near the border region and that the shells fell inside maritime buffer zones the Koreas established under a 2018 military agreement on reducing tensions.

    The North Korean moves suggest it would keep up a provocative run of weapons tests designed to bolster its nuclear capability for now. Some experts say North Korea would eventually want the United States and others to accept it as a nuclear state, lifting economic sanctions and making other concessions.

    South Korea’s Joint Chiefs of Staff said in a statement the missile lifted off from the North’s capital region at 1:49 a.m. Friday (1649 GMT Thursday; 12:49 p.m. EDT Thursday). It said the North’s artillery firings were a clear violation of the 2018 agreement, which created buffer zones along land and sea boundaries and no-fly zones above the border to prevent clashes and that the military has boosted its surveillance and defense posture in close coordination with the United States.

    Friday’s ballistic launch extended a record number of missile demonstrations by North Korea this year as it exploits the distraction created by Russia’s war on Ukraine to accelerate its arms development and increase pressure on Washington and its Asian allies.

    In response to North Korea’s intensifying testing activity and hostility, South Korea on Friday imposed unilateral sanctions on the North for the first time in five years, targeting 15 North Korean individuals and 16 organizations suspected of involvement in illicit activities to finance North Korea’s nuclear weapons and missile program

    Japanese Defense Minister Yasukazu Hamada said the missile flew on an “irregular” trajectory — a possible reference to describe the North’s highly maneuverable KN-23 weapon modeled on Russia’s Iskander missile.

    “Whatever the intentions are, North Korea’s repeated ballistic missile launches are absolutely impermissible and we cannot overlook its substantial advancement of missile technology,” Hamada said. “North Korea’s series of actions pose threats to Japan, as well as the region and the international community, and are absolutely intolerable.”

    The South Korean and Japanese militaries assessed that the missile traveled 650 to 700 kilometers (403-434 miles) at a maximum altitude of 50 kilometers (30 miles) before landing in waters between the Korean Peninsula and Japan.

    The U.S. Indo-Pacific Command said in a statement the North Korean launch didn’t pose an immediate threat to U.S. personnel or territory, or to its allies, adding that the U.S. commitments to the defense of South Korea and Japan remain “ironclad.”

    It was the latest in a series of missile launches by North Korea in recent weeks.

    North Korea said Monday that its missile tests in the past two weeks simulated nuclear attacks on key South Korean and U.S. targets. It said the tests included a new intermediate-range missile that flew over Japan and demonstrated a potential range to reach the U.S. Pacific territory of Guam, and a ballistic missile fired from an inland reservoir, a first for the country.

    North Korea said the weapons tests were meant to issue a warning to Seoul and Washington for staging “dangerous” joint naval exercises involving a U.S. aircraft carrier.

    Friday’s launch was the North’s second since its announcement on the simulation of nuclear strikes. Some observers had predicted North Korea would likely temporarily pause its testing activities in consideration of its major ally China, which is set to begin a major political conference Sunday to give President Xi Jinping a third five-year term as party leader.

    North Korea said leader Kim Jong Un supervised the test-launches Wednesday of long-range cruise missiles that he said successfully demonstrated his military’s expanding nuclear strike capabilities.

    After the tests, Kim praised the readiness of his nuclear forces, which he said were fully prepared for “actual war to bring enemies under their control at a blow” with various weapons systems that are “mobile, precise and powerful.” He also vowed to expand the operational realm of his nuclear armed forces, according to KCNA.

    The urgency of North Korea’s nuclear program has grown since it passed a new law last month authorizing the preemptive use of nuclear weapons over a broad range of situations.

    Most of the recent North Korean tests were mostly of short-range nuclear-capable missiles targeting South Korea. Some experts say North Korea’s possible upcoming nuclear test, the first of in five years, would be related to efforts to manufacture battlefield tactical warheads to be placed on such short-range missiles.

    These developments sparked security jitters in South Korea, with some politicians and scholars renewing their calls for the U.S. to redeploy its tactical nuclear weapons in South Korea as deterrence against intensifying North Korean nuclear threats.

    South Korea’s Joint Chiefs of Staff said in a separate statement that North Korea had flown warplanes, presumably 10 aircraft, near the rivals’ border late Thursday and early Friday, prompting South Korea to scramble fighter jets.

    The North Korean planes flew as close as 12 kilometers (7 miles) north of the inter-Korean border. South Korea responded by scrambling F-35 jets and other warplanes, according to the Joint Chiefs of Staff.

    There were no reports of clashes. A similar incident took place last week, but it was still uncommon for North Korea to fly its warplanes near the border. Also, in the previous flight last week, North Korean warplanes flew much farther away from the border.

    North Korea’s military early Friday accused South Korea of carrying out artillery fire for about 10 hours near the border. It didn’t say whether the artillery fire was an exercise or firing at North Korea. The North Korean military said it took unspecified “strong military countermeasures” in response.

    “The (North) Korean People’s Army sends a stern warning to the South Korean military inciting military tension in the front-line area with reckless action,” an unidentified spokesman for the General Staff of the Korean People’s Army said in a statement carried by KCNA.

    The public affairs office at the South Korean Defense Ministry said it had no immediate comment.

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  • Putin says military strikes against Ukraine were retaliation for bridge attack

    Putin says military strikes against Ukraine were retaliation for bridge attack

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    MOSCOW — Russian President Vladimir Putin said that a series of strikes Monday across Ukraine came in retaliation against the Ukrainian attack on a bridge to Crimea and other attacks in Russia that he described as “terrorist” actions.

    Putin said the Russian military launched precision weapons from the air, sea and ground to target key energy and military command facilities.

    He warned that if Ukraine continues to mount “terrorist attacks” on Russia, Moscow’s response will be “tough and proportionate to the level of threats.”

    The intense, hours-long attack marked a sudden military escalation by Moscow. It came a day after Putin called the explosion Saturday on the huge bridge connecting Russia to its annexed territory of Crimea a “terrorist act” masterminded by Ukrainian special services.

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