Moderna said its initial, third-beta data show its coronavirus vaccine is more than 94% effective in preventing Covid-19 – a result that CEO Stéphane Bancel has called it a “game-changer”. He added, “The thing that got me the most excited today was the severe disease.” Moderna, which developed its vaccine …
Read More »Risk Flows Started to Dominate Markets After Moderna Announces Longer Shelf Life For Vaccine
Risk flows started to dominate financial markets on Monday after Moderna announced that its COVID-19 vaccine candidate is expected to remain stable at standard refrigerator temperatures of 2° to 8°c for 30 days.
Read More »General Lockdown Returns to Britain for 4 weeks
British Prime Minister Boris Johnson announced Saturday, October 31, that England will adopt a second general lockdown with the spread of Coronavirus cases in the United Kingdom, which leads to the closure of all non-essential businesses, leaving schools open until December 1 while trying to suppress the virus. . Johnson …
Read More »Pfizer Not Ready to Announce Vaccine Results
The CEO of Pfizer said on Tuesday that the pharmaceuticals company is yet to confirm progress on the making of a COVID-19 vaccine. The confirmation could take a week or more, Reuters reported. “In case of a conclusive readout, positive or negative, we will inform the public as soon as …
Read More »Pelosi: New Stimulus Package is Pretty Close
The United States Speaker of the House, Nancy Pelosi, said that talks for a new stimulus deal are showing progress. A deal could be reached pretty soon, Pelosi said in an interview with MSNBC on Thursday. “We’re on a good path.”“We’re coming closer.” Pelosi said on Wednesday that there remains …
Read More »Trump Supports $2.2 T COVID-19 Relief Spending
The President of the United States, Donald Trump, said on Tuesday that he supports a new comprehensive COVID-19 stimulus package worth more than $2.2 trillion. This comes despite opposition by the Republican majority in the Senate. The White House originally proposed $1.8 trillion in relief funds, while the Democrats want …
Read More »Britain Imposing Tougher Restrictions on London in an Effort to Curb Rapid Spread of Coronavirus
The UK government has imposed tougher restrictions on London to try to stop the spread of the Coronavirus. The UK capital will move to the so-called “high” alert level as of midnight Friday, up from the current “medium” alert level. This means that millions of people in the richest city …
Read More »World Bank Calls for Additional Relief Funding
The World Bank is reportedly calling for $25 billion in additional financing to combat the impact of the COVID-19 pandemic on the world’s poorest countries, Reuters reported. President of the World Bank, David Malpass, expressed this to finance ministers and central bank governors of the G20 group on Wednesday. According …
Read More »Sunak: We Can’t Keep Borrowing Huge Sums in Long Term
British Finance Minister Rishi Sunak said Tuesday that his country cannot continue to borrow huge sums in the long term because it is not sustainable for the economy. “It is clear that this year we have had to borrow huge sums to support the economy in a time of crisis, …
Read More »Germany and Ireland Avoiding New Shutdowns
The German and Irish governments are reportedly trying to avoid a new lockdown, as part of preventive measures against the Coronavirus (COVID-19) pandemic, according to Reuters. As businesses could be hit hard, the move seems to be falling out of favor in Berlin and Dublin. “There must not be a …
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