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The daily business briefing: November 13, 2020

Numerous state and local governments are tightening restrictions on public and private gatherings as new coronavirus cases skyrocket. Chicago Mayor Lori Lightfoot on Thursday called for residents only to leave the house for work, school, and essential needs, and to avoid even gathering with trusted friends outside of one’s household. State officials made a similar plea. “We’re running out of time and we’re running out of options,” said Illinois Gov. J.B. Pritzker (D). U.S. public health officials reported 164,405 new coronavirus cases on Thursday, smashing the previous single-day record set Wednesday. Hospitalizations for COVID-19 rose to 67,096, also a record, according to the COVID Tracking Project. Hospitalizations have doubled over the last five weeks. [The New York Times]

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