Final bill includes $400 billion in one-time payments of $1,400 to many Americans, with a phase-out starting for those with annual incomes above $75,000. It also includes $300 a week in extended jobless benefits for the 9.5 million people thrown out of work in the crisis

Democrats said the package was needed to fight a pandemic that has killed more than 500,000 Americans and thrown millions out of work

The Food and Drug Administration is expected to quickly follow the recommendation and make J&J's shot the third vaccine authorised for emergency use in the US

The House Rules Committee turned back scores of Republican attempts to modify the package and sent it to the House floor for passage late Friday or early Saturday

Legitimate questions about the virus created perfect conditions for conspiracy theories. In the absence of knowledge, guesswork and propaganda flourished

Stock Market News Updates Today: Airtel, HDFC twins, ICICI Bank, Kotak Mahindra Bank, Infosys, IndusInd Bank and Axis Bank were trading among the top gainers. Today, Sensex hit a record high of 52,235 and Nifty hit a lifetime high of 15,340

By a party line vote of 219-209, the House of Representatives passed the budget plan, after the Senate approved it in a pre-dawn vote

Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new U.S. pandemic relief bill adding further price support.

Dalal Street today: ITC, M&M, ONGC, Bajaj Finserv, NTPC were among the top gainers while ICICI Bank, IndusInd Bank, Infosys, HDFC traded as top losers

India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700

Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index

Called the \"American Rescue Plan,\" the legislative proposal would meet Biden's goal of administering 100 million vaccines by the 100th day of his administration, while advancing his objective of reopening most schools by the spring

Trump last week threatened to block a massive pandemic aid and spending package if Congress did not boost stimulus payments from $600 to $2,000 and cut other spending

Trump, who leaves office on Jan. 20 after losing November's election, backed down from his threat to block the bill, which was approved Congress last week, after he came under intense pressure from lawmakers on both sides

President Donald Trump is supportive, particularly of the push for providing more direct payments. \"GET IT DONE,\" he said in a tweet late Saturday

Top members of the Democratic-controlled House of Representatives and Republican-led Senate sounded more positive than they have in months on a fresh response to a crisis that has killed more than 304,000 Americans and thrown millions out of work

DCGI actively considering 3 COVID-19 vaccines for emergency use: Health Ministry Three COVID-19 vaccines candidates, developed by Bharat Biotech, Serum Institute of India and Pfizer, are under active consideration by India's drug regulator and there is hope that getting an early license might be possible for all or any of them, the Union health ministry said on Tuesday. Over the last four days, the Indian arm of US pharmaceutical giant Pfizer, Pune-based Serum Institute of India and Hyderab...

Asian shares hit record high and US stock futures gained on Wednesday as investors tracked positive news on COVID-19 vaccines

India Stock Market Highlights Today: Maruti Suzuki, Hindalco, Tata Steel and GAIL India were the top gainers on Nifty rising up to 3.62%. SBI Life Insurance, Infosys, Bharti Airtel and Axis Bank were the top losers falling up to 1.79% on Nifty

US President-elect Joe Biden transition aide Jen Psaki said that Biden, House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer are already working to push for a pandemic relief bill before Congress adjourns for the year