Georgia Senate Contest Heads to Runoff Between Perdue, Ossoff

Republican Senator David Perdue of Georgia was forced to a runoff with Democrat Jon Ossoff, with his campaign saying the incumbent looks forward to the matchup.

Neither candidate is projected to win more than 50% of the vote, meaning that Perdue, a close ally of President Donald Trump, and media executive Ossoff will face each other on Jan. 5.

Consequently, control of the Senate won’t be determined until January, when Georgia’s other Senate seat will also be decided in a separate runoff between GOP incumbent Kelly Loeffler and Democrat Raphael Warnock.

Democrats need a net gain of three seats to take control of the Senate if Joe Biden wins the presidency, or four if Trump is re-elected.

Cheniere Energy Posts Wider Loss In Q3 – Quick Facts

Cheniere Energy, Inc. (LNG) reported a third quarter loss per share of $1.84 compared to a loss of $1.25, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.32, for the quarter. Analysts’ estimates typically exclude special items. Adjusted EBITDA declined year-on-year to $477 million from $694 million.

The company said its net loss widened primarily due to decreased total margins, increased loss on modification or extinguishment of debt primarily related to the redemption of the remaining CCH Holdco II Notes and a portion of the 2021 Convertible Notes, and increased loss on equity method investments.

Third quarter total revenues declined to $1.46 billion from $2.17 billion, previous year. Analysts expected revenue of $1.96 billion, for the quarter.

Canada Hasn’t Slept Well Since the U.S. Election

Canadians have been ripping their cuticles off while they wait for the United States to pick its next president.

By Catherine Porter

J&J Covid-19 Vaccine Trial Cleared to Start in South Africa

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Johnson & Johnson will imminently start clinical trials of its Covid-19 vaccine in South Africa after getting regulatory approval, according to the co-chair of the study in the country.

The approval was received from the South African Health Products Regulatory Authority on Thursday, said Glenda Gray, who is also the president of the South African Medical Research Council. It will take about six weeks to enroll 12,000 volunteers, she said.

The South African study for the single-shot vaccine is part of a late-stage trial of as many as 60,000 people globally that was initially expected to yield results by year-end, the company said in September. The global study was paused in October after an unexplained illness in one of the participants.

J&J has signed an agreement to have 300 million doses of the vaccine made a year in South Africa by Aspen Pharmacare Holdings Ltd. if it is approved.

China Oct exports rise 11.4% y/y, imports up 4.7%

BEIJING, Nov 7 (Reuters) – China’s exports in October rose 11.4% from a year earlier, after 9.9% growth in September, while imports grew 4.7% in October, having surged 13.2% in September, customs data showed on Saturday.

Analysts polled by Reuters had forecast export growth of 9.3% in October from a year earlier, and import growth of 9.5%.

China posted a trade surplus of $58.44 billion in October, compared with a $37 billion surplus in September, and a forecast from the Reuters poll for a $46 billion surplus in October.

U.S. imposes sanctions on Lebanese politician Gebran Bassil

WASHINGTON (Reuters) – The United States imposed sanctions on Lebanese Christian politician Gebran Bassil, the son-in-law of President Michel Aoun and the head of the Free Patriotic Movement, Treasury’s web site showed on Friday.

Rachel Maddow Goes Into Coronavirus Quarantine

The MSNBC anchor said she had tested negative but planned to stay home after a “close contact” tested positive for the virus.

By Tiffany Hsu

GOP Senate Winner Tommy Tuberville Blitzed Over Sports Defense Of Trump Tantrums

Republican Tommy Tuberville, the former coach of Auburn University’s football team who this week ousted Alabama’s Democratic senator to win a seat in the Senate, received a swift fact check on Thursday after he used a sports analogy to defend President Donald Trump.

Trump has repeatedly railed against the democratic process in recent days, falsely declaring himself the winner and calling for the counting of votes to be stopped in places where he is leading.

Tuberville echoed the president’s rantings on Twitter.

“The election results are out of control,” Tuberville wrote. “It’s like the whistle has blown, the game is over, and the players have gone home, but the referees are suddenly adding touchdowns to the other team’s side of the scoreboard.”

Tuberville’s tweet went viral for all the wrong reasons, as critics pointed out why his analogy just didn’t make sense:

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