We're now ending our live coverage of Donald Trump's news conference and the reaction to it. You can still follow the latest events in our news story.
Donald Trump's candidate to be the next Secretary of State, Rex Tillerson, has said he wants to review whether Cuba should have been removed from the US list of state sponsors of terror.
Mr Tillerson told a Senate confirmation hearing he would advise Mr Trump to veto any bill passed by Congress lifting the US trade embargo on Cuba.
The former chairman of the oil giant Exxon Mobil also acknowledged that climate change posed enough of a threat to warrant action and called for "a frank dialogue" with Russia after its resurgence - which he blamed on "the failures" of the Obama administration.
There is no doubt President-elect Donald Trump has his preferred words, and likes to use them often.
Words like "eminent", "nasty" and a number of others were used repeatedly when he was giving speeches out on the campaign trail.
This press conference was no different: "beautiful" was used four times, "tremendous" six, "disgrace" or "disgraceful" eight and "fake" 10 times.
But by far his most used word was "very", used more than 80 times by Mr Trump during the conference - including, at one point, three times in a row.
Some of Rex Tillerson's answers may reassure doubtful Republicans and Democrats who fear that Donald Trump will act on his stated aim to improve ties with Russia by revoking all, or some, sanctions against Moscow, the Reuters news agency reports.
The prospective secretary of state said that he supported the current US sanctions against Russia for the moment and that Nato allies were correct to be concerned about Russia's increasing aggression.
Mr Tillerson said it was also a "fair assumption" President Putin was aware of Russian efforts to interfere in the US election.
On another hotly debated issue, Mr Tillerson said he was in favour of a "full review" of the nuclear deal between Iran, the US and other world powers. But, Reuters says, he did not demand an outright rejection of the 2015 agreement in which Iran agreed to restrict its nuclear programme in exchange for a reduction of damaging economic sanctions.
Donald Trump ended the press conference saying if his sons don't do a good job running his company over the next few years, he won't hesitate to use his catchphrase "you're fired".
Which, of course, could make family gatherings a little awkward in the future - a fact which has not gone unnoticed by oldest son Donald Jr:
One of the most interesting moments during the questioning of Rex Tillerson at the Senate confirmation heating was when he was challenged to describe the actions of Russian President Vladimir Putin’s military in Aleppo, Syria, as a war crime, The New York Times reports.
Mr Tillerson refused to do so, the paper says, prompting Republican Senator Marco Rubio to begin an aggressive line of questioning, initially posing a simple query: “Is Vladimir Putin a war criminal?”
“I would not use that term,” Mr Tillerson said.
Mr Rubio, cataloging a list of serious Russian offences in Syria, said he hoped Mr Tillerson may reconsider his answer.
“Those are very, very serious charges to make, and I want to have much more information,” Mr Tillerson said.
In one of the more surprising outcomes of Wednesday's press conference: it seems Democrat and outspoken Trump critic Bernie Sanders has discovered something he and the president-elect agree on.
A tweet from the former presidential candidate's account - which appears to have come from a staffer - reads:
The most important step in defeating radical Islam is crushing the group known as Islamic State (or ISIS), the man nominated by Donald Trump to be Secretary of State tells a Senate confirmation hearing
"The Middle East and its surrounding region pose many challenges which require our attention, including Syria, Iraq and Afghanistan," Rex Tillerson said.
"They are competing priorities in this region which must be and will be addressed. But they must not distract from our utmost mission of defeating ISIS.
"Because when everything is a priority nothing is a priority. Defeating ISIS must be our foremost priority in the Middle East."
As Mr Obama leaves the US stage and Mr Trump takes over, the BBC has spoken to Obama supporters who attended his farewell speech in Chicago last night.
Have a look at what some of his fans will miss about Mr Obama, and what they see as some of his mistakes.
CNN has challenged Mr Trump's team to "identify, specifically, what they believe to be inaccurate", after the president-elect called the outlet "terrible" and accused it of broadcasting fake news.
In a statement, it said its decision to publish "carefully sourced reporting" on the unverified intelligence documents concerning Mr Trump was "vastly different than Buzzfeed's decision to publish unsubstantiated memos."
Mr Trump refused to take a CNN reporter's questions at Wednesday's news conference.
President-elect Donald Trump said in his press conference that his team has met numerous candidates to fill the longstanding Supreme Court vacancy and that a decision on a nominee will be made within about a fortnight of taking office on 20 January, Reuters reports.
The president-elect stressed the importance he attached to the selection of a replacement for conservative Justice Antonin Scalia to the nine-seat court. Mr Scalia died in February.
"It will be a decision which I very strongly believe in. I think it's one of the reasons I got elected," Mr Trump said.
Mr Trump said during his press conference that he had turned down a $2bn deal in Dubai last weekend, evidence that he was disassociating from his business interests as he prepares to enter the White House.
"Over the weekend, I was offered $2bn to do a deal in Dubai with a very, very, very amazing man, a great, great developer from the Middle East," he said.
"I didn't have to turn it down but I have a no-conflict-of-interest provision as president."
The Financial Times says that it, like some other news media, was given access to the dossier on alleged compromising material involving Mr Trump, and spent time last year attempting to verify some of its claims.
"But so far [we have] been unable to verify - or disprove - any of them," the paper says.
"The dossier makes extensive use of what it calls unnamed intelligence sources within the Russian government to report secret Kremlin activities. This makes it very difficult for journalists to confirm or discount."
This is the question pondered by Scott Shane in the New York Times. A section of his article is summarised here:
What We Know: "Last year, a Washington political research firm, paid by Mr Trump’s Republican rivals, hired a retired British intelligence officer to investigate the candidate’s ties to Russia. The former British spy, who had long experience in Russia and a network of connections there, compiled dozens of reports detailing what he heard from his contacts. The memos he wrote, mostly one to three pages long, are dated from June to December."
What we do not know: "Whether any of the claims in the memos are true. American intelligence agencies have not confirmed them, and Mr Trump has said they are a complete fabrication. In addition, one specific claim that Mr. Trump’s lawyer, Michael Cohen, met a Russian official in Prague in August or September - has been denied by both Mr Cohen, who says he has never been to Prague, and the Russian, Oleg Solodukhin."
Here's the moment Donald Trump refused to take a question from a CNN reporter.
Former Mexican President Vicente Fox has described Donald Trump as a "bully and a bluff" following the president-elect's comments on a proposed wall between the two countries.
He tweeted: "Bullies end when they’re called out. America, stand out before it’s too late!"
Mr Fox also said that "neither today, nor tomorrow nor never will Mexico pay for that stupid wall".
"If Trump wants a monument to his ego, let him pay for it," he added.
"Although it might be nice to imagine Trump’s presidency collapsing before it’s even begun, the fact remains that we know little more now than we did last week about Trump’s ties to Russia," writes James Downie in The Washington Post, "and whether Vladimir Putin’s government has compromising information on the president-elect."
Writing another opinion piece in the same newspaper, Steven Cash argues that there has been concern for some time that the structure of the US intelligence community is "fundamentally flawed".
Cash argues that President-elect Trump is right to indicate that he intends to dramatically downsize the Office of the Director of National Intelligence.
The Mexican peso has fallen 0.9% following the Trump press conference, AFP news agency reports.
Here's a little more on what Mr Trump said about the wall he proposes building along the Mexican border. He said he "didn't blame" Mexico for "taking advantage" of the US, adding: "I wish our politicians were so smart."
"I don't blame the representatives and various presidents etc of Mexico, what I say is we shouldn't have allowed that to happen. It's not going to happen any more. So in order to get the wall started, Mexico will pay for the wall but it [the money] will be reimbursed [to the US]."
Meanwhile, back at the Tillerson hearing, Sen Tim Kaine has asked if Exxon, under Mr Tillerson, knew about human-caused climate change but deliberately sought to mislead the public about the science.
Mr Tillerson says he has resigned from the energy company and that the question would need to be addressed to them.
"Do you lack the knowledge to answer my question or are you refusing to answer my question?" Sen Kaine asks.
"A little of both," Mr Tillerson replies with a glare.