Five Things You Need to Know to Start Your Day

Biden's victory is official. Beijing appears to formally ban Australian coal. China's central bank is set to inject more cash into the financial system.

Joe Biden officially clinched the presidency after the Electoral College confirmed his victory Monday, capping a tumultuous period sparked by Donald Trump’s refusal to acknowledge he lost with the help of Republicans willing to support his unsubstantiated claims. The 55 votes from California electors put Biden over the 270 needed to win. Monday’s vote puts pressure on Senate Republicans and others who have refused to recognize Biden’s overwhelming victory to finally acknowledge that Trump lost and Biden will be inaugurated as the 46th president on Jan. 20.