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US automaker Tesla is reportedly in talks with Shanghai to build a factory, and the company is "deeply committed to the Chinese market".

US stock markets have rallied for months in hopes Washington would provide significant tax cuts for corporations.

US equities markets dropped on Tuesday, and volatility may continue before the situation eases. All three major indexes erased more than 3 percent at the close.

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US cases had topped 1.8 million with more than 105,000 deaths by Tuesday morning, according to a tally kept by the Johns Hopkins University.

US President Donald Trump issued a proclamation in April suspending the entry of nearly all immigrants to the US due to the high unemployment rate. He issued another proclamation in June, extending the April order through the end of this year and expanding it by imposing new restrictions on a variety of work visas.

US State Department spokeswoman Heather Nauert said she had "no reason... to believe that we wouldn't restart some of our exercises that we do", Reuters reported.

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US stocks fell Monday despite the Federal Reserve's expansion of programs intended to stabilize financial markets and keep credit flowing amid the growing coronavirus pandemic.

Uber opened and closed below its offering price Friday on the New York Stock Exchange, a sharp setback for the highly anticipated Initial Public Offering.

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US Supreme Court nominee Judge Amy Coney Barrett participates in the second day of her confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, DC, US, Oct 13, 2020. [Photo/Agencies]

US President Donald Trump announced in late May to terminate relations with the WHO and also cut US funding to the global health body.