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California, slamming ‘emergency brake’ on reopening, is latest state to ramp up restrictions

A number of governors, including Wisconsin Gov. Tony Evers (D), warned the public to take safety precautions as coronavirus cases surged across the nation. (Video: Reuters)

California is slamming the “emergency brake” on reopening, Gov. Gavin Newsom (D) said Monday, making it the latest state to ramp up restrictions again as it experiences the sharpest increase in coronavirus infections yet.

The news came as the biotechnology company Moderna said its experimental coronavirus vaccine is nearly 95 percent effective, according to initial results. Last week, pharmaceutical giant Pfizer and its German partner, BioNTech, lifted the stock market and people’s hopes with the news that their coronavirus vaccine was more than 90 percent effective.

Here are some significant developments:

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Here's what to know:

President-elect Joe Biden and his team sent the clearest signal yet that he won’t put the country into another national shutdown.
U.S. stocks closed at record highs Monday after promising trial news from Moderna left investors hopeful.
As the virus stampedes across the country, some hospitals are desperately searching for staffers and paying dearly for it.
The International Olympic Committee is “very confident” the Olympics can take place in Tokyo next summer with a reasonable number of spectators.
The United States has reported more than 11 million reported coronavirus cases and 246,000 fatalities.

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