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President-elect Joe Biden and his wife, Dr. Jill Biden, will receive an initial dose of Pfizer's COVID-19 vaccine in their home state of Delaware on Monday according to Reuters and PBS.Vice president-elect Kamala Harris will also receive the vaccine later this month, the outlets report.Biden said earlier this week that he would receive the vaccine "sooner rather than later," adding that he didn't want to "get ahead of the line, but I want to make sure we demonstrate to the American people that it is safe to take."It's not yet clear whether Biden would receive his vaccination in a live TV broadcast, as Vice President Mike Pence did on Friday morning.Three other former presidents — Barack Obama, George W. Bush and Bill Clinton — have all independently agreed to be vaccinated in a public setting to instill confidence in the vaccine's safety to the public.This story is breaking and will be updated. 915

President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

RACINE, Wisconsin -- Manufacturer SC Johnson announced Wednesday that between 300 and 400 positions in the company would be eliminated due to an organizational change.The change was first announced to employees back in January, according to a statement from the company. Some of the eliminated roles were already open and will not be filled, while others will result in employees losing their jobs."Many affected employees" were notified Wednesday, the statement says."The company is healthy and our brands continue to be leaders in their categories," said Kelly M. Semrau, Senior Vice President – Global Corporate Affairs, Communication & Sustainability. "Other leading consumer packaged goods companies are doing the same as we all continue to respond to trends in the marketplace. Like them, we are doing this to maintain the company's health and leadership."Headquartered in Racine, Wisconsin, SC Johnson employs about 12,000 people worldwide. It was founded more than 100 years ago in 1886.The company "intends to provide generous severance and outplacement help" to affected employees. There's no word yet on how many Wisconsin employees will lose their jobs. 1197

Prosecutors accused former Trump campaign chairman Paul Manafort of being a "shrewd" liar who orchestrated a global scheme to avoid paying taxes on millions of dollars as Manafort's trial kicked off on Tuesday.Manafort lived an "extravagant lifestyle" fueled by millions of dollars in "secret income" that he earned from his lobbying in Ukraine, said Uzo Asonye, a prosecutor working on the case with special counsel Robert Mueller's team, in his opening statement."All of these charges boil down to one simple issue: that Paul Manafort lied," Asonye said. 564

President Donald Trump's personal lawyer, Michael Cohen, told courts in New York late Wednesday that he'd like to drop defamation lawsuits he filed against Fusion GPS and BuzzFeed regarding the production and publication of an infamous dossier on Trump and Russia.Cohen had sued Fusion, a political research firm, and the media company separately in January, one year after the Russia dossier, which was prepared for Fusion, was published by BuzzFeed. He had alleged that assertions about family ties he had to Russians and a trip he took overseas mentioned in the dossier were wrong, and that they damaged his professional reputation.By dropping the lawsuits, Cohen will avoid turning over information about himself to the companies. 742

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