Gold declines ₹252; silver tumbles ₹933
Gold prices on December 23 declined ₹252 to ₹49,506 per 10 gram in the national capital, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹49,758 per 10 gram.
Silver also dipped ₹933 to ₹66,493 per kg, from ₹67,426 per kg in the previous trade.
In the international market, gold was quoting with gains at $1,868 per ounce and silver was flat at $25.53 per ounce.
Navneet Damani, vice-president (commodities research) of Motilal Oswal Financial Services, said, “Gold prices edged higher as grim U.S. consumer and housing data bolstered hopes for further stimulus to support an economic recovery.”
He, however, added that a new coronavirus strain in the U.K. has caused several countries around the world to shut their borders to Britain, and drug makers are scrambling to test their COVID-19 vaccines against it. “This has given further support to the metal prices.”
3B BlackBio To Use OraSure OMNIgene·ORAL Collection Device For SARS-CoV-2 Test
OraSure Technologies, Inc. (OSUR) and microbiome laboratory and analytical services announced that its OMNIgene·ORAL collection device was included in the FDA Emergency Use Authorization amendment granted to 3B BlackBio Biotech, a supplier and developer for RT-PCR diagnostic assays in India. The EUA amendment will allow 3B BlackBio Biotech’s North American distributor, Genophyll Enterprises, to expand saliva COVID-19 PCR-based viral diagnostic testing across the U.S. as well as from their upcoming New Jersey-based laboratory.
OraSure’s OMNIgene·ORAL saliva collection devices are intended for use by individuals to collect and immediately stabilize saliva specimens suspected of containing SARS-CoV-2 ribonucleic acid at ambient temperature for transport.
BRP Recalls All-Terrain Vehicles
Bombardier Recreational Products or BRP, U.S. Inc. is recalling certain all-terrain vehicles citing crash hazard, according to the U.S. Consumer Product Safety Commission.
The recall involves around 135 units of 2021 Can-Am Outlander and Renegade All-Terrain Vehicles or ATVs in the United States. In addition, about 37 units of the affected vehicles were sold in Canada.
The Sturtevant, Wisconsin-based company has called back nine model year 2021 Can-Am Outlander and Renegade models. The model name is printed on the side panels of the vehicles.
The vehicles, manufactured in Mexico, were sold in various colors including red, tundra green, granite gray-octane blue, camo and yellow. They were sold through Can-Am dealers nationwide from October 2020 through November 2020 for between $8,500 and $15,000.
According to the agency, a rear wheel can separate from the vehicle and cause a loss of control, posing a crash hazard to consumers.
The recall was initiated after BRP received two reports of the rear wheel coming loose and falling off the all-terrain vehicles. However, no injuries have been reported to date related to the recalled vehicles.
Consumers are urged to contact a BRP Can-Am ATV dealer for a free repair.
In similar incidents, American Honda Motor Co., Inc. in early December recalled about 118,600 units of recreational off-highway vehicles citing crash and injury risks.
Polaris Inc. in late November called back about 18,400 units of RZR vehicles for clutch failure that could pose injury risk.
One dead after shooting at Aurora restaurant, suspect at large
A man was killed after a shooing at an Aurora restaurant Tuesday night, and police are searching for a suspect.
The shooting occurred at 8 p.m. at Mariscos El Rey on the 10000 block of East Iliff Avenue, according to the Aurora Police Department.
The man was transported to an area hospital following the shooting. He died around 9 p.m.
The incident is being investigated as a homicide. Police said the suspect was still at large as of late Tuesday night. They have not released a description of the suspect.
The name and age of the person who died have not yet been released.
Formula One In Talks With Amazon To Stream Grands Prix: FT
Formula One or F1, owned by U.S. media company Liberty Media, is in active talks with Amazon over streaming deals to screen its Grand Prix races, the Financial Times reported.
Beyond television broadcasting, the motorsports series reportedly seeks a digital future in streaming services, which is gaining significant momentum currently as people across the world are confined to their homes amid the coronavirus pandemic.
The FT reported, quoting Chase Carey, F1’s outgoing chief executive, as saying that he had held substantive discussions with Amazon and all the global digital platforms over conducting new screening deals.
Coronavirus has caused F1 to report operating losses of $363 million in the first nine months of the year, and the company is required to find new revenue options.
Amazon, which offers streaming services with its Prime subscription, has reportedly secured rights to stream National Football League matches in the US, and the English Premier League in the UK. The e-commerce giant recently expressed interest to screen cricket matches in India.
Coronavirus relief bill 'better than … imagined,' Trump should sign it: Norquist
Coronavirus relief package ‘better than expected’ considering Pelosi had the veto: Grover Norquist
Americans for Tax Reform President Grover Norquist breaks down the coronavirus aid package.
Americans for Tax Reform President Grover Norquist on Wednesday said President Trump should sign the COVID-19 relief bill that Congress approved Monday.
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The president on Tuesday posted a video to Twitter calling on lawmakers to amend the $900 billion legislation so that it includes $2,000 for all Americans instead of $600.
BIDEN SAYS LAST-MINUTE CORONAVIRUS RELIEF BILL LEAVES WORK FOR NEXT CONGRESS
"We got a better-than-one-could-possibly-imagine deal given that Nancy Pelosi had the veto," Norquist said. "I would start by signing this bill and then looking at anything else you want to do."
He added that "reopening the package" for amendments "doesn't mean it's going to get better."
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"The Democrats still have the House of Representatives," he said. "They can stop anything they want to."
The deal also includes $300 per week in federal unemployment aid for 11 weeks, $325 billion in aid for small businesses, $25 billion in rental assistance and $45 billion in rental aid.