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US Elections – Status Update

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President Donald Trump will push ahead on Tuesday with legal challenges to the results of last week’s election after U.S. Attorney General William Barr told federal prosecutors to look into any “substantial” allegations of voting irregularities.

-President-elect Joe Biden’s transition team is considering legal action over a federal agency’s delay in recognizing the Democrat’s victory over Trump in last week’s election, a Biden official said. -The top Republican in the U.S. Congress said Trump was well within his rights to look into charges of irregularities in last the election but did not offer any evidence of fraud.

-Trump’s campaign filed a lawsuit in a Pennsylvania federal court, seeking to block state officials from certifying Biden’s victory in the state.

-A group of Republican attorneys general urged the U.S. Supreme Court to take up a case challenging a lower court ruling that extended Pennsylvania’s deadline to receive mail-in ballots.

-Biden hailed Pfizer Inc’s progress toward a COVID-19 vaccine but he urged Americans to wear masks because it may not be widely available for many months, as Trump’s administration tried to claim credit.

-Former Deputy Attorney General Sally Yates and California Attorney General Xavier Becerra are being eyed for possible top cabinet positions in Biden’s administration, said two sources familiar with the discussions. -Trump said he had “terminated” Defense Secretary Mark Esper, signaling he may use his final months in office after defeat at the polls to settle scores within his administration.

-Renewable fules are a niche market for now, but with Biden set to enter office with a divided Congress, legislation supporting demand for products like renewable diesel could garner bipartisan support.

-A voter’s long wait pays off with Biden’s win. GLOBAL PERSPECTIVE -The European Union foreign policy chief extolled Biden’s victory in the U.S. election and, in a swipe at the outgoing Trump, welcomed “the chance to work once again with a U.S. president who doesn’t consider us a foe”.

-German Chancellor Angela Merkel congratulated Biden on his U.S. presidential election win and called for the European Union and United States to work “side by side”, but also said the EU must do more to provide for its own security.

-Canadian Prime Minister Justin Trudeau and U.S. President-elect Joe Biden spoke on Monday, discussing issues such as the coronavirus, climate change and NATO.

The presidents of Latin America’s two largest countries, Brazil and Mexico, have held back from congratulating Biden for winning the U.S. presidential election, even as other leaders of allied countries around the globe sent their best wishes.

-Afghanistan’s insurgent Taliban called on Biden’s incoming administration to stick to the February agreement to withdraw U.S. troops.

-A prominent economic adviser to Japan’s prime minister says Tokyo should prepare for a “leaderless era” as U.S. global leadership gradually withers, and expand other strategic ties while bolstering its security alliance with Washington. INVESTOR VIEW -Chinese companies’ stock market listings in the United States reached a six-year high in 2020 and advisors expect the trend to accelerate in the year ahead in expectation of a stable regulatory regime under Biden.

-Biden will be the next U.S. president but for the $6.6 trillion-a-day currency trading world, the undisputed victor is China’s yuan, as investors bet trade tensions with Washington will recede and Beijing will let its exchange rate rise.

BY THE NUMBERS How well-managed was the U.S. election? Scoring in five key areas.

AFTER THE CAMPAIGN TRAIL Expected events and Reuters coverage on Nov 10: -Monitoring supporters of Trump who are protesting to contest the election result -Monitoring progress of legal challenges by the Trump re-election campaign alleging election fraud

Refinitiv customers see more election coverage on the Election App at https://amers1.apps.cp.thomsonreuters.com/cms/?navid=20856 on Eikon or Workspace.

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