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Milgrom, Wilson win Nobel Prize in economics

Americans Paul R Milgrom and Robert B Wilson have won the Nobel Prize in economics. The duo have won the coveted prize&nbsp;for &ldquo;improvements to auction theory and inventions of new auction formats.&rdquo; The winners were announced Monday in Stockholm by Goran Hansson, secretary-general of the Royal Swedish Academy of Sciences.&nbsp;The award comes as much of the world experiences the worst recession since World War II because of the impact of the coronavirus pandemic.
The award caps a week of Nobel Prizes and is technically known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Since its establishment in 1969, it has been awarded 51 times and is now widely considered one of the Nobel prizes.

Americans Paul R Milgrom and Robert B Wilson have won the Nobel Prize in economics. The duo have won the coveted prize&nbsp;for &ldquo;improvements to auction theory and inventions of new auction formats.&rdquo; The winners were announced Monday in Stockholm by Goran Hansson, secretary-general of the Royal Swedish Academy of Sciences.&nbsp;The award comes as much of the world experiences the worst recession since World War II because of the impact of the coronavirus pandemic.

Americans Paul R Milgrom and Robert B Wilson have won the Nobel Prize in economics. The duo have won the coveted prize&nbsp;for &ldquo;improvements to auction theory and inventions of new auction formats.&rdquo; The winners were announced Monday in Stockholm by Goran Hansson, secretary-general of the Royal Swedish Academy of Sciences.&nbsp;The award comes as much of the world experiences the worst recession since World War II because of the impact of the coronavirus pandemic.
The award caps a week of Nobel Prizes and is technically known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Since its establishment in 1969, it has been awarded 51 times and is now widely considered one of the Nobel prizes.

What is Regeneron, the drug Trump is touting as a lifesaver?

After US President Donald Trump hailed Regeneron drug as life saver, Covid-19 patients are now asking to join clinical trials of antibody-based drug.
President Trump posted a video on Wednesday saying that he was treated with an experimental therapy from Regeneron Pharmaceuticals Inc, and promised to make it free to Americans while touting its benefits.
The drug is essentially a monoclonal antibody cocktail developed by Regeneron. The president received an 8-gram infusion under a 'compassionate use' exemption when he was hospitalized over the weekend after testing positive for Covid-19.
Interestingly, the drug was developed using human cells originally obtained from an elective abortion. Regeneron is not available to the public and has been tested on only 275 people to date.
While the pharma company has asked federal regulators to authorize its antibody treatment for Covid-19 for emergency use, experts say more data is needed to assess the treatment&rsquo;s efficacy, before wider use is allowed.

Trump hails experimental drug&nbsp;Regeneron&nbsp;as life saver US President promises to make drug free for Americans Trump was treated with the&nbsp;monoclonal antibody cocktail Regeneron&nbsp;made using human cells from elective abortion&nbsp; In development, drug has been tested only on 275 people Pharma&nbsp;co seeking federal authorisation for emergency use Experts say more data needed to assess drug's efficacy

After US President Donald Trump hailed Regeneron drug as life saver, Covid-19 patients are now asking to join clinical trials of antibody-based drug.
President Trump posted a video on Wednesday saying that he was treated with an experimental therapy from Regeneron Pharmaceuticals Inc, and promised to make it free to Americans while touting its benefits.
The drug is essentially a monoclonal antibody cocktail developed by Regeneron. The president received an 8-gram infusion under a 'compassionate use' exemption when he was hospitalized over the weekend after testing positive for Covid-19.
Interestingly, the drug was developed using human cells originally obtained from an elective abortion. Regeneron is not available to the public and has been tested on only 275 people to date.
While the pharma company has asked federal regulators to authorize its antibody treatment for Covid-19 for emergency use, experts say more data is needed to assess the treatment&rsquo;s efficacy, before wider use is allowed.

Getting coronavirus a blessing in disguise: Trump

Describing getting coronavirus &ldquo;a blessing in disguise&rdquo;, US President Donald Trump on Wednesday told the countrymen that he will get them same medicine that cured him for free

Describing getting coronavirus &ldquo;a blessing in disguise&rdquo;, US President Donald Trump on Wednesday told the countrymen that he will get them same medicine that cured him for free. Trump said that he will ensure that everyone is given the same treatment as he got in the hospital.&nbsp;Trump attributed his fast cure to Regeneron drug along with others. ((Byte: Trump

Washington, PTI: Describing getting coronavirus &ldquo;a blessing in disguise&rdquo;, US President Donald Trump on Wednesday told the countrymen that he will get them same medicine that cured him for free.
&ldquo;I want everybody to be given the same treatment as your president because I feel great. I feel like perfect. So, I think this was a blessing from God that I caught it. This was a blessing in disguise,&rdquo; Trump said in a video message.
Standing at the Rose Garden outside the Oval office, Trump attributed his fast cure to Regeneron drug along with others.
Trump was admitted to Walter Reed National Medical Center last Friday, a day after he and First Lady Melania Trump tested positive for Covid-19.
He was discharged from the hospital Monday.
On Wednesday Trump went to the Oval office to have a briefing on Hurricane Delta and on coronavirus stimulus.
Less than four weeks before the crucial presidential elections, Trump said he wants Americans to get the same treatment that he received.
"I want to get you what I got, and I'm going to make it free. We're going to get it in to the hospital as soon as you can as soon as we can with military handling the distribution,&rdquo; Trump said, adding that they have &ldquo;hundreds of thousands of doses that are just about ready&rdquo;.
According to Trump, in addition to Regeneron, there is a very similar drug from Eli Lilly, a pharmaceutical company.
&ldquo;They are coming out. And we're trying to get them emergency basis. I've authorised it,&rdquo; he said.
&ldquo;I walked in (the hospital). I didn't feel good. A short 24 hours later, I was feeling great. I wanted to get out of the hospital and that's what I want for everybody,&rdquo; he said.
Earlier in the day, his physician said Trump has been fever-free for more than four days now and that physical exam and vital signs remain stable and in normal range.

NZ PM Jacinda Ardern admits using cannabis on election debate

New Zealand Prime Minister Jacinda Ardern got a thumbs up from 420-friendly netizens after she admitted to using cannabis 'a long time ago', during an election debate.
Arden faced Opposition Leader Judith Collins in New Zealand's second debate on Wednesday, ahead of the general election later this month.
She however declined to say whether she supported the legalization of marijuana, which New Zealanders will decide in a referendum with the national election Oct. 17
Roughly 80% of New Zealanders have tried marijuana, according to independent studies &mdash; more than double the rate for Australians, and far above what Americans report, too. 

BITE&nbsp;UPSOUND:&nbsp;(English) of Newshub moderator Patrick Gower asking Ardern if she's ever used cannabis,&nbsp;SOUNDBITE (English) Jacinda Ardern, New Zealand Prime Minister:&nbsp;"Yes I did, a long time ago."
SUPERS:
// New Zealand&nbsp;PM admits to cannabis use during poll debate
// Arden was part of national debate ahead of Oct 17 NZ polls
// NZ PM declined to comment if she backed legalisation of drug
// Studies: over 80% of&nbsp;New Zealanders have tried marijuana
&nbsp;

New Zealand Prime Minister Jacinda Ardern got a thumbs up from 420-friendly netizens after she admitted to using cannabis 'a long time ago', during an election debate.
Arden faced Opposition Leader Judith Collins in New Zealand's second debate on Wednesday, ahead of the general election later this month.
She however declined to say whether she supported the legalization of marijuana, which New Zealanders will decide in a referendum with the national election Oct. 17
Roughly 80% of New Zealanders have tried marijuana, according to independent studies &mdash; more than double the rate for Australians, and far above what Americans report, too.

US polls: Joe Biden's new campaign targets Sikh-Americans

Joe Biden's team launches&nbsp;new&nbsp;campaign in a&nbsp;bid to woo Sikh-American voters

Biden's new campaign targets Sikh-Americans

The campaign team for Democratic Presidential nominee Joe Biden&nbsp;is targeting Sikh-Americans ahead of the November 3 US polls.&nbsp;Aimed at reaching out to the Sikh-Americans,&nbsp;it plans to protect the community's youth in schools.&nbsp;
The initiative addresses xenophobia, racism, and&nbsp;discrimination against religious minorities in the US.&nbsp;&nbsp;In a press release,&nbsp;Biden's campaign team stated that cases of bullying against the Sikh community has doubled under the Trump regime.&nbsp;
Kiran Kaur Gill, a prominent civil rights activist and a member of&nbsp;Sikh American National Leadership Council, hailed the new initiative&nbsp;saying, that under Biden,&nbsp;Sikh-Americans can feel safer in schools and on streets.&nbsp;

No intentions to fight hot or cold war: China's Xi

Amid the military standoff between Chinese and Indian armies in eastern Ladakh, President Xi has said that China has no intention to fight either a "cold war" or a "hot war" with any country

China will never seek hegemony, expansion, or sphere of influence, President Xi Jinping said on Tuesday. He added that Beijing has no intention to fight either a "Cold War" or a "hot war" with any country.&nbsp;Addressing the general debate of the 75th session of the United Nations General Assembly, Xi also said that China will continue to narrow the differences and resolve disputes with others through negotations. The Chinese president's comments came in the backdrop of the tense military standoff between Chinese and Indian armies in eastern Ladakh for over four months.

United Nations, PTI: China will never seek hegemony, expansion, or sphere of influence, President Xi Jinping said on Tuesday. He added that Beijing has no intention to fight either a "Cold War" or a "hot war" with any country.
Xi also said that China will continue to narrow the differences and resolve disputes with others through negotations, in comments that came in the backdrop of the tense military standoff between Chinese and Indian armies in eastern Ladakh for over four months.
Addressing the general debate of the 75th session of the United Nations General Assembly, he said, "We will continue to narrow differences and resolve disputes with others through dialogue and negotiation." "We will never seek hegemony, expansion, or sphere of influence. We have no intention to fight either a Cold War or a hot war with any country," Xi said in a pre-recorded video message to the UN meeting.
Prime Minister Narendra Modi, during a surprise visit to Ladakh on July 4, had said the era of expansionism is over and that the history is proof that "expansionists" have either lost or perished, in comments that were seen as a clear message to China.
Xi, also the General Secretary of the ruling Communist Party of China and the Commander-in-Chief of the Chinese military, said his country will not pursue development behind closed doors.
"Rather, we aim to foster, over time, a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. This will create more space for China's economic development and add impetus to global economic recovery and growth," he said.
The Chinese president also addressed the issue of the Covid-19 pandemic and international criticism about China's attempts to supress details about the outbreak.
"Facing the virus, we should enhance solidarity and get this through together. We should follow the guidance of science, give full play to the leading role of the World Health Organization, and launch a joint international response to beat this pandemic. Any attempt of politicising the issue or stigmatisation must be rejected," Xi said.
Earlier, US President Donald Trump blasted China on Tuesday for "unleashing&rdquo; the plague of the "China virus&rdquo; onto the world, demanding that the United Nations must hold Beijing accountable for failing to contain the coronavirus that has killed nearly one million people across the world, including 200,000 Americans.
Trump demanded that China, where the coronavirus emerged, be held accountable for failure to control the virus and for allowing it to spread across the world.
"As we pursue this bright future, we must hold accountable the nation which unleashed this plague onto the world: China,&rdquo; he said.
The Covid-19 pandemic has so far infected over 30 million people and more than 958,000 people have died. The US, with 6.7 million infections, crossed the grim milestone of 200,000 deaths.

US closes in on 2 lakh coronavirus deaths

The United States is inching closer to the grim milestone of 2,00,000 Covid-19 deaths. Over 1.99 lakh Americans have died and 68 lakh have been confirmed infected by the virus

The United States is inching closer to the grim milestone of 2,00,000 Covid-19 deaths. According to a rolling tally by Johns Hopkins University, 1,99,743 Americans have died and 68 lakh have been confirmed infected by the virus. The worrying Covid numbers come just weeks before voters decide if President Donald Trump will stay in office. The US has had the world's highest official death count for months, ahead of Brazil and India, with close to 1.4 lakh and 88,000 deaths respectively.

FBI chief on Russia's role: steady drumbeat of misinformation

The FBI chief on Thursday warned that Russia is interfering in the 2020 US presidential elections with a steady stream of misinformation aimed at undermining Democratic candidate Joe Biden as well as sapping confidence of Americans in the election process. Christopher Wray told the Democratic-led House of Representatives&rsquo; homeland security committee in a hearing on Capitol Hill, that Moscow is also attempting to undercut what it sees as an anti-Russian US establishment. He said his biggest concern was a &ldquo;steady drumbeat of misinformation&rdquo; that he said he feared could undermine the polls. He added that Russian agents, were mainly trying to affect the election through social media, state media and the use of proxies.

FBI chief points to Russian interference in US polls
Steady stream of misinformation from Russia: FBI
Misinformation targeted at Democrat Joe Biden: FBI
FBI&nbsp;chief: Moscow against anti-Russian US establishment
FBI&nbsp;chief: Russian agents using social media proxies&nbsp;

The FBI chief on Thursday warned that Russia is interfering in the 2020 US presidential elections with a steady stream of misinformation aimed at undermining Democratic candidate Joe Biden as well as sapping confidence of Americans in the election process. Christopher Wray told the Democratic-led House of Representatives&rsquo; homeland security committee in a hearing on Capitol Hill, that Moscow is also attempting to undercut what it sees as an anti-Russian US establishment. He said his biggest concern was a &ldquo;steady drumbeat of misinformation&rdquo; that he said he feared could undermine the polls. He added that Russian agents, were mainly trying to affect the election through social media, state media and the use of proxies.

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