Dow shot up 402, advancers over decliners about 5-1 & NAZ advanced 106. The MLP index added 5+ to 130 & the REIT index rose 2+ to 376. Junk bond funds traded higher & Treasuries drifted lower. Oil rose 1+ to the 41s & gold went up 2 to 1888.
AMJ (Alerian MLP index tracking fund)
|
Moderna (MRNA) CEO Stephane Bancel said his company's coronavirus vaccine has demonstrated a "gamechanger" safety record in ongoing
studies, along with 94.5% effectiveness in preventing COVID-19. "People who did got our vaccine did not get any severe disease, which is of course a gamechanger," Bancel said. "We’re very excited to announce this morning that the vaccine
at this first interim analysis of phase three, the real test ... has
shown 94.5% efficacy." If it receives emergency use authorization from the Food & Drug
Administration (FDA), MRNA will work with the FDA & Centers for Disease
Control & Prevention to get the vaccines to high-risk individuals
first, Bancel added. 20M doses would be available by the end of the year. "You can give a prime dose, the first dose to 20 million people,"
Bancel said. "By the time they need their boost in January, we’ll have
more vaccine made." If further trials show that the vaccine is
safe for students, young people who are vaccinated next summer could
return to a "normal lifestyle" for the fall 2021 school year, he
continued. Bancel described the vaccine as "user-friendly" because
it can last 6 months in a regular freezer & 7 days in a
refrigerator. Health & Human Services Secretary Alex Azar lauded MRNA's vaccine as a "stunning result of Pres Trump's leadership." The stock gained 7.67 (9%).
If you would like to learn more about MRNA, click on this link:
club.ino.com/trend/analysis/stock/MRNA?a_aid=CD3289&a_bid=6ae5b6f7
Moderna CEO cheers coronavirus vaccine safety as 'gamechanger'
China's factory output rose faster-than-expected in Oct & retail sales
continued to recover albeit at a slower-than-forecast pace, as the
world's 2nd-largest economy emerged from its COVID-19 slump. Industrial
output climbed 6.9% in Oct from a year earlier, data from the
National Statistics Bureau showed, in line with Sep's
gain. The forecast called for a 6.5% rise. The
upbeat figures came as other Asian economic powerhouses also climbed
out from their pandemic depths with Japan's economy reporting its
fastest quarterly growth on record. China's industrial sector has staged an impressive turnaround from
the pandemic paralysis seen earlier this year, helped by resilient
exports. Now,
with the coronavirus largely under control in China, consumers are
opening up their wallets again in a further boost to activity. Q4 economic growth will accelerate from the 3rd qtr,
Fu Linghui, spokesman of the National Statistics Bureau said, said. Consumption prospects are improving, with the services industry showing good recovery momentum. Retail sales rose 4.3% on-year, missing the forecast for 4.9% growth but faster than the 3.3% increase in Sep. China's
auto industry reported robust 12.5% growth in Oct vehicle sales
thanks to surging demand for electric cars & trucks. Domestic
tourism also saw a strong rebound over the Golden Week holiday last
month, although levels were still well short of last year's.
China's factory output beats forecasts as Asia shakes off COVID slump
Dr Scott Gottlieb said that the devastating coronavirus pandemic could “effectively” be ended next year, following promising developments around MRNA's Covid-19 vaccine. The biotech company announced that its coronavirus vaccine was 94.5% effective in preventing Covid-19, based on preliminary data from its phase 3 trial. The news comes one week after Pfizer (PFE) & its German partner BioNTach (BNTX) said an interim analysis showed their vaccine was more than 90% effective in preventing Covid-19 among trial participants who had not previously been infected. “If these full data sets hold, when the full data comes out, we may have two highly effective vaccines against Covid,” Gottlieb, a board member of PFE, said. “Once we get these vaccines in sufficient qualities heading in 2021, the combination of the fact that a lot of the population will have already had Covid, combined with the fact that we’ll be vaccinating the public with a highly effective vaccine, we could effectively end this pandemic in 2021 with our technology,” added Gottlieb.
‘We could effectively end this pandemic in 2021,’ Gottlieb says
Dow Jones Industrials
No comments:
Post a Comment