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Welcome, the world is waiting for its first look at Britain's royal baby and to find out, of course, his name.

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Catherine, Duchess of Cambridge, gave birth on Monday, as you likely know, to an outpouring of celebration from well-wishers around the world.

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The champagne was also flowing in her hometown of Bucklebury.

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For now, Buckingham Palace says mother and baby are doing just fine.

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Anderson Cooper looks back on this big day.

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The news the world was waiting for came at about 8:30 p.m. London time.

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"Her Royal Highness the Duchess of Cambridge, was safely delivered of a son at 4:24 p.m. local time."

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God save the queen!

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"Her Royal Highness and her child are both doing well and will remain in hospital overnight." So that's the news.

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A boy, born at 4:24, which is just a few hours ago. Eight pounds.

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So, wonderful news. You can hear the cheers.

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Kate Middleton was in labor for about 10 hours before the birth. All the while, the crowds were gathering in anticipation of the news.

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Well, it's been a sense of anticipation all day, but the crowds just ran towards Buckingham Palace.

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You can see them there now. And they are awaiting that gilded easel.

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The gilded easel, a tradition since the 18th century, awaiting the formal birth announcement.

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Ed Perkins coming out right now with the formal notification of the birth.

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Huge cheers in the crowds who have gathered here.

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He's got a big smile on his face. It's been a few hours since the birth.

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There he is, a big moment for him. He's only been in the job for less than a year. And the car goes off.

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Off to Buckingham Palace, where the birth notification is handed to a royal aide who brings it inside to be framed.

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After that, the framed announcement is ceremoniously brought back outside and displayed to the world.

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Well, there we have the queen's press secretary. She has just placed the birth announcement on the gilded easel.

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This easel has only ever been used for Prince William's birth announcement.

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Prince William stayed by his wife's side during the birth. He issued a statement saying, quote, "We could not be happier."

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The baby, who weighed a healthy 8 pounds 6 ounces, is third in line for the throne following his father and his grandfather, Prince Charles,

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who earlier in the day was accepting presents on behalf of his grandchild.

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Prince Charles, we've got a present for you.

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Have you, really? Thank you very much.

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It's for the baby.

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Right. Well, I'll see what I can do, eventually. It hasn't quite appeared yet.

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Prime Minister David Cameron called the birth a celebration for the country.

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And it was smiles all around for the medical team as the two royal obstetricians left the hospital.

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Wonderful baby, beautiful baby. Lovely day. Terrific. Very happy for them all.

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The royal baby's title will be "His Royal Highness Prince of Cambridge," and until he's named, he'll simply be known as Baby Cambridge.