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Biden wins US presidential race,to inherit a nation in turmoil over the coronavirus pandemic

Biden has said his first priority will be developing a plan to contain and recover from the pandemic, promising to improve access to testing and, unlike Trump, to heed the advice of leading public health officials and scientists.

Despite his victory, Biden will have failed to deliver the sweeping repudiation to Trump that Democrats had hoped for, reflecting the deep support the president enjoys despite his tumultuous four years in office.

This could complicate Biden’s campaign promises to reverse key parts of Trump’s legacy. These include deep Trump tax cuts that especially benefited corporations and the wealthy, hardline immigration policies, efforts to dismantle the 2010 Obamacare healthcare law and Trump’s abandonment of such international agreements as the Paris climate accord and Iran nuclear deal.

Should Republicans keep control of the U.S. Senate, they would likely block large parts of his legislative agenda, including expanding healthcare and fighting climate change.

India’s COVID-19 caseload goes past 84 lakh with 47,638 fresh infections

A total 77,65,966 people have recuperated from COVID-19 so far, pushing the national recovery rate to 92.32 per cent, while the case fatality rate stands at 1.49 per cent.

The number of active COVID-19 cases remained below 6 lakh for the eighth consecutive day.

There are 5,20,773 active cases of coronavirus infection in the country as on date, which comprises 6.19 per cent of the total caseload, data stated.

Cyber agency alerts against ransomware attacks of ‘Egregor’ virus

It is anticipated that Egregor ransomware may infiltrate via spam email attachments or maliciously crafted link shared via email/instant messaging chats.”

“The modus operandi used is typically breaking into organisations, stealing sensitive data, and running the malware to encrypt their files and (it) threatens ‘Mass-Media’ release of corporate data if ransom not paid in due time,” the advisory stated.

Haze Chokes Delhi, pollution levels highest since November last yr

 Health experts said that during the COVID-19 pandemic, air pollution has become a serious health concern for about the two crore residents of the national capital.

According to a doctor at the Sir Ganga Ram Hospital, intake of every 22 micrograms per cubic metre of polluted air is equivalent to smoking a cigarette.

 Ajit Jain, the nodal officer for COVID-19 at Rajiv Gandhi Super Specialty Hospital, said air pollution was turning the pandemic catastrophic.

Shifting global supply chain can add $63 billion of prms in 5-yrs: Swiss Re 

“Yes, supply chain changes are happening, they are real, and I think in the bigger picture this is positive.There are real opportunities during the transition. The insurance industry has a growing opportunity to offer cover in areas such as business interruption (BI), also contingent BI and non-damage BI’’ said Jerome Jean Haegeli, group chief economist, Swiss Re, said while speaking at a session on  “De-risking Global Supply Chain: Strengthening Resilience in a time of Disruption”, during the SIRC 2020 Re-Mind virtual conference on Wednesday.

Threat of crackdown on U.S. insurers fades as political ‘Blue Wave’ sputters

That bodes well for the insurance industry, which had feared a Democratic sweep would allow progressives to reprise regulations introduced after the 2008-2009 financial crisis and push a disruptive healthcare overhaul.

Health insurance stocks jumped on Wednesday, as fears of a dramatic change faded. The S&P 500 managed care index .SPLRCHMO rose 9.8% as investors and insurance trade groups cheered an expected Republican hold on the Senate. 

IRDAI unveils draft norms on shareholders’ compensation post M & A of insurers

The Insurance Act, 1938 has laid down that every policyholder or shareholder or member of each of the insurers, before amalgamation, will have the same interest in, or rights against the insurer resulting from amalgamation as he had in the company of which he was originally a policyholder or shareholder or member