Tuesday Briefing: U.S. officials to boycott Beijing Olympics

Tuesday, December 7, 2021

by Farouq Suleiman

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Here's what you need to know.

U.S. officials to boycott Beijing Olympics, British study shows mixing Pfizer or AstraZeneca COVID-19 shots with Moderna gives better immune response and Elon Musk says Biden's EV bill shouldn't pass.

Today's biggest stories

The sun sets behind a building topped with the Olympic rings, in Shougang park near Olympic venues of the 2022 winter games in China, October 26, 2021. REUTERS/Thomas Peter

U.S.

U.S. government officials will boycott the 2022 Winter Olympics in Beijing because of China's human rights "atrocities", the White House said. Four-time Olympian Angela Ruggiero greeted the announcement of the diplomatic boycott with relief, delighted that there was no suggestion athletes should also stay away.

Detectives questioned an artist linked to the Detroit studio where the parents of a 15-year-old accused Michigan school shooter were arrested after a manhunt, local law enforcement officials said.

Ghislaine Maxwell's trial was set to enter its seventh day, with prosecutors expected to show jurors photographs depicting the British socialite's relationship with the late financier Jeffrey Epstein.

Senate Republican leader Mitch McConnell said he would probably end up supporting Federal Reserve Chair Jerome Powell's nomination for a second four-year term.

The United States will mark the 80th anniversary of the Japanese attack on the U.S. naval base in Pearl Harbor, Hawaii. The attack on Dec. 7, 1941, and killed 2,390 Americans, and the United States declared war on Japan the next day.

The U.S. government said it failed to prove a crucial witness lied 66 years ago in the lynching death of Black teen Emmett Till in Mississippi, closing without charges its probe into the killing.

Vials with Pfizer-BioNTech, AstraZeneca, and Moderna coronavirus vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic

World

A major British study into mixing COVID-19 vaccines has found that people had a better immune response when they received a first dose of AstraZeneca or Pfizer-BioNTech shots followed by Moderna nine weeks later, according to the results.

Rohingya refugees from Myanmar are suing Meta Platforms, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate speech that contributed to violence.

A senior Myanmar junta official said the imprisonment of Aung San Suu Kyi showed that no one was above the law and the army chief had commuted her sentence on "grounds of humanity".

"Ashamed!! Sick to my stomach!": A shocking and deadly mob attack on a Sri Lankan factory manager accused of blasphemy in eastern Pakistan last week prompted days of soul searching as the man's remains were flown to his home country.

Austria's third conservative chancellor in two months, Karl Nehammer, took office seeking to bring the coalition government out of months of scandal-tainted turmoil and guide the country out of its coronavirus lockdown.

A general view of the downtown skyline in Dubai, United Arab Emirates, June 12, 2021. Picture taken June 12, 2021. REUTERS/Christopher Pike

Business

The United Arab Emirates will shift to a working week of four and half days with a Saturday-Sunday weekend from the start of next year to better align its economy with global markets.

Tesla CEO Elon Musk said that the U.S. Congress should not approve the Biden administration's bill to boost subsidies for electric vehicles, saying the proposal would worsen the country's budget deficit.

EU's antitrust regulator is taking a deeper look into Microsoft's $16 billion deal for transcription technology company Nuance Communications, asking customers and competitors to draw up a list of concerns, according to a questionnaire seen by Reuters.

Intel said it plans to take self-driving-car unit Mobileye public in the United States in mid-2022, a deal which could value the Israeli unit at more than $50 billion, a source told Reuters.

Ahead of a Congressional hearing, Instagram said it will be stricter about the types of content it recommends to teens in the app and will nudge them toward different areas if they dwell on one topic for a long time.

Just three months after narrowly avoiding collapse, China Evergrande is teetering on the brink again and investors are still unclear how much or for how long the problems could reverberate.

Quote of the day

"We don't have a president who is likely to nominate somebody for the Fed that would be my first choice and I'm probably going to end up supporting Powell."

Mitch McConnell

U.S. Senate Republican leader

Republican McConnell says he will probably support Powell's Fed nomination

Video of the day

GSK-Vir drug works against Omicron - data

British drugmaker GSK said its antibody-based COVID-19 therapy with U.S. partner Vir Biotechnology is effective against all mutations of the new Omicron coronavirus variant, citing new data from early-stage studies.

And finally…

China's winter sports industry hopes Olympic Games will yield white gold

China hopes hosting the Games will springboard the country towards becoming a winter sports destination and will help deliver on a target set by President Xi Jinping to get 300 million Chinese involved in winter sports, with an aim to build a $157 billion industry.

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