JimBowie1958
Old Fogey
- Sep 25, 2011
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This is good news, thank you President Trump for accelerating the development of these vaccines!
Pfizer Says Early Data Signals COVID-19 Vaccine Is Effective
Pfizer announced Monday that a COVID-19 vaccine developed with its partner, BioNTech, has proved to be more than 90% effective and that it plans to ask regulators for permission to sell the shot before the end of this month...
www.newsmax.com
Pfizer announced Monday that a COVID-19 vaccine developed with its partner, BioNTech, has proved to be more than 90% effective and that it plans to ask regulators for permission to sell the shot before the end of this month if pending data shows it is safe.
"Hopefully now we can move on and get this vaccine out there and make sure it’s doing what it’s supposed to do and stop” the virus, said Kathrin Jansen, Pfizer’s head of vaccine research and development, reports The Wall Street Journal.
According to Pfizer, the vaccine proved to be more than 90% effective in the first 94 subjects who had both been infected by coronavirus and had developed at least one of the disease's symptoms, according to the companies. The companies say no serious safety issues have come up in its study, which includes almost 44,000 subjects in the United States and in other countries.
Dow Soars 835 Points on Coronavirus Vaccine Trial Results
The S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage COVID-19 vaccine trial.
www.newsmax.com
The S&P 500 and the Dow hit record highs on Monday as the first successful late-stage clinical trial of a COVID-19 vaccine sparked hopes of the economy emerging from a pandemic-driven crisis.
The blue-chip Dow surged as much as 5.7%, also getting a boost from Joe Biden clinching a tightly-fought presidential election.
The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co up 12.6% and airlines and cruise line operators all trading 20% to 30% higher.
Oil prices surged more than 10% and U.S. Treasuries sold off after Pfizer and BioNTech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
"This is extremely important and should give the market confidence that Pfizer's candidate offers a breakthrough in terms of reaching herd immunity at some point next year," said Robin Winkler, strategist at Deutsche Bank Research.