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    The Dow opened higher with more optimistic COVID-19 vaccine news

    Pfizer and Biotech said they would obtain FDA emergency use for their COVID-19 vaccine in a few days.

    The Dow edged higher on Wednesday following more positive news in the race for a safe and effective COVID-19 vaccine [File: Carlo Allegri/Reuters]
     

    The Dow and S&P 500 turned bright on Wednesday after more promising news in the COVID-19 vaccine race and the historic approval of Boeing-affected 737 Max aircraft.

    The Dow Jones Industrial Average rose nearly 50 points, or 0.15 percent, to 29.8333.01 at the start of trading on Wall Street.

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    • Read on
    • Pfizer completes the Covid 19 vaccine trial with a 95 Success success rate
      * Clear for takeoff: FAA approves Boeing 737 Max for re-flight
      * Moderna’s CoVID-19 vaccine in 500 words
      * Corona virus vaccine: what will be the benefit to the poorest countries?
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      The broader S&P 500 index, an indicator of the health of retirement and college savings accounts, and the Nasdaq Composite Index have remained virtually unchanged.

    Pfizer Inc. and its German partner Biotech said on Wednesday that the final results of Phase 3 trials of its COVID-19 vaccine proved to be 95% effective, with no candidate being tested for epidemic diseases in phase trials. Has the highest success rate for So far late

    The companies said they would seek emergency use permission from the US Food and Drug Administration in a few days.

    Pfizer’s shares rose just 3% at the start of trading.

    On Monday, 4besnews said preliminary trial data showed that his COVID-19 vaccine was 94.5% effective.

    Vaccine News has been activating stock rallies since last week as investors restructure departments in anticipation of a return to normalcy next year.

    But the news of hope came when the virus spread all over the world. In the United States, a new infection rate, COVID-19, is affecting hospital admissions as well as records.

    Officials in Europe and the United States have ordered restrictions on public gatherings and businesses to reduce the spread of the disease and reduce pressure on healthcare systems. But these measures promise to lift the weight of an economic recovery that has already slowed in the United States.

    Meanwhile, the gap between what the world and countries have and the observance is growing.

    With Wall Street on record highs, thousands of small businesses in the United States are struggling to stay afloat and keep workers on wages.

     

    Business owners protest to remain open despite state-mandated restrictions after high case rates placed San Diego County in the most restrictive ‘purple’ tier amid the outbreak of the coronavirus in San Diego, California [File: Mike Blake/Reuters]

    Millions of people who work formally in the hospitality, travel, and restaurant and bar industries are unemployed. And without more financial support from the government, people are losing cash. Thousands of years of federal epidemic relief schemes, from unemployment benefits to elimination of evictions, will end by the end of 2020.
    On the other hand, f9news those who are still working, including remote workers, are spending on home renovations and improvements and buying a home.

    The housing market stays red hot. New home construction in the United States improved 4.9 percent from expected at a seasonally adjusted rate of 1.53 million in October, the Commerce Department said Wednesday.

    As CoVID-19 spreads, states from California to Illinois are imposing new restrictions, curfews and bans. In Europe, where large economies such as Germany are urging companies to shut down and people to stay home, protests against the government shutdown have turned violent.

    Demonstrators put up their hands in front of police officers during a protest against the government’s coronavirus restrictions, near the Brandenburger Gate in Berlin, Germany [File: Christian Mang/Reuters]

    • In stock released on Wednesday:
      Shares of Boeing rose more than 3.5% after the FDA blew up the 737 Max after nearly two years of suspension after two fatal accidents. But Max returns to service when epidemics have eliminated the need for air travel and new aircraft.

    Shares of Target Corporation rose just 2% after better-than-expected quarterly sales and earnings posted by major retailers.

     

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