November 24, 2020 Weekly Report

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Highlight of the Week

Biden to Nominate Yellen

  • President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to be the next Treasury Secretary.
  • This report comes as the Trump administration gives the green light for the Biden team to begin its transition.

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Coronavirus Updates (as of Monday Night)

-COVID-19 has registered 59.7 million cases and 1,405,700 deaths worldwide. There are over 41.3 million recovered cases.

-The US has accounted for over 12.7 million cases and has surpassed 263,000 deaths. The US has registered over 7.5 million recovered cases.

-Georgia has almost 451,000 cases and 9,215 deaths.

African Fintech Receives Bezos’ Backing

  • Chipper Cash, a startup offering P2P payment services in 7 countries in Africa, raised $30 million in its Series B funding round.
  • The company also plans to run a fee-based payment product for merchants, and has over 3 million users on its platform.

Vaccines Continue to Progress

AstraZeneca has joined Moderna and Pfizer in releasing its initial vaccine results. The AstraZeneca vaccine was shown to be over 70% effective. Countries are now racing to secure these vaccines, with the E.U. signing contracts with 6 companies to acquire over 1 billion doses once they are available.

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