9:40 am today

US elections live: Joe Biden promises peaceful transition of power

9:40 am today
WEST PALM BEACH, FLORIDA - NOVEMBER 06: Republican presidential nominee, former U.S. President Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Americans cast their ballots today in the presidential race between Republican nominee former President Donald Trump and Vice President Kamala Harris, as well as multiple state elections that will determine the balance of power in Congress.   Chip Somodevilla/Getty Images/AFP (Photo by CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Donald Trump. Photo: CHIP SOMODEVILLA / Getty Images via AFP

United States President Joe Biden has addressed the nation after Republican Donald Trump stormed to victory in the presidential elections.

Projections have Trump returning to the White House after clinching a number of battleground states in the country's east.

Biden said he hoped for a smooth and peaceful transition to the new administration.

On Thursday, Democratic nominee Kamala Harris called Trump to concede the race.

The impact of Trump's election on New Zealand includes household finances and protectionist trade policies.

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