Coronavirus updates: CDC issues stricter guidance for Thanksgiving

The FDA has issued an emergency use authorization (EUA) for the investigational monoclonal antibody therapy bamlanivimab for the treatment of mild to moderate COVID-19 in adult and pediatric patients.

The treatment, from Eli Lilly and Company, was shown in trials to reduce hospitalization for patients who are at high risk for disease progression within 28 days after treatment when compared to placebo, the agency said in a press release.

Bamlanivimab is not authorized for patients who are hospitalized due to COVID-19 or require oxygen therapy due to COVID-19, the FDA said.

"The issuance of an EUA is different than FDA approval,"  the FDA said in a statement. "In determining whether to issue an EUA, the FDA evaluates the available evidence and carefully balances any known or potential risks with any known or potential benefits of the product for use during an emergency."

-ABC News' Eric Strauss

Dr. Anthony Fauci says he has no intention of leaving his post after President-elect Joe Biden assumes office.

The director of the National Institute of Allergy and Infectious Diseases declined to talk about the election during an interview with CNN Monday evening, but said he plans on staying in his position next year.

"I have no intention of leaving," he said. "This is an important job. I've been doing it now for a very long time. I've been doing it under six presidents. It's an important job and my goal is to serve the American public no matter what the administration is."

Fauci complimented the members of the new Biden/Harris COVID-19 task force, saying they're established colleagues that he admires and has worked with for years.

In the meantime, Fauci warned that Americans need to heed the health warnings and guidance in place as cases continue to rise across the country. Although Fauci called Pfizer's announcement of its vaccine progress "extraordinary," he said people need to remain cautious.

"This is something that we should really feel good about," he said of the vaccine news. "But I want to make sure people understand that it's good because we know there is light at the end of the tunnel, but that doesn't mean that we are going to give up the important public health measures that we continually still have to do every single day."

-ABC News' Stephanie Ebbs

Gov. Phil Murphy announced stricter coronavirus rules in New Jersey Monday, including restrictions on bars, restaurants and casinos. Starting Nov. 12, indoor dining and drinks will be not be allowed between 10 p.m. and 5 a.m. Takeout and delivery services, as well as outdoor dining, are still permitted. In addition to dining restrictions, all interstate games and tournaments for indoor youth sports are prohibited, starting Thursday.

"It is simply not safe for teams to be crossing state lines at this time to participate in indoor competitions," Murphy wrote on Twitter.

The rules come on the heels of rising COVID-19 cases and hospitalizations in New Jersey, as well as a testing positivity rate that exceeds the threshold health experts recommend. "We’re taking steps today to mitigate the current increasing rate of spread," Murphy added.

"The last thing I want to do is shut our economy back down. Thankfully, we’re not at that point."

The United States hit another grim milestone Monday afternoon, when it surpassed 10 million COVID-19 infections, according to Johns Hopkins University.

With 10,018,278 COVID-19 cases, the U.S. has reported more infections than any other nation. India, which has the second highest number of infections, reported 8,553,657 COVID-19 cases as of Monday.

So far, 237,742 Americans have died of COVID-19.