The pharmaceutical giant and its partner BioNTech said interim results showed their jab could prevent people catching Covid-19. The FTSE 100 jumped more than 5.5 per cent on the news, adding £82 billion to the value of its shares in the market’s best day since March.
Downing Street said the UK will have procured 10 million doses by the end of the year to be given out, if it is approved, and hailed the news as “promising”. Boris Johnson will hold a press conference at 5pm.
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1604935451Is this the beginning of the end of WFH?
Hopes that workers might start returning to offices were boosted on Monday after drugmaker Pfizer made a breakthrough on a Covid-19 vaccine.
Pfizer’s chief executive Albert Bourla updated on a “first but critical step” in the drugmaker’s work to “deliver a safe and effective vaccine”.
Property analysts told the Evening Standard that might result in better times ahead for UK landlords that have had a turbulent 2020.
1604935054Here’s how pubs and restaurants are responding to the vaccine news:
Publicans, hoteliers, restaurant and gym groups welcomed news of progress in a Pfizer vaccine for Covid-19 with cautious optimism on Monday.
Shares in sectors hard-hit by the pandemic surged after the pharmaceutical giant and BioNTech said a preliminary analysis showed their jab is more than 90% effective at preventing the disease.
The developers described it as a “great day for science and humanity”.
Shares in leisure and hospitality immediately jumped in reaction, along with those of airlines and engine-makers.
1604934991Should Pfizer be allowed to profit from the vaccine?
On a golf course somewhere in America a very angry, very orange soon to be ex-President is fuming.
If Donald Trump is inclined to add Pfizer to the list of people who cheated him out of an election rightfully his, it is just about possible to have some sympathy.
If the drug giant had made this announcement on a Covid vaccine two weeks, even one week ago, maybe Trump would have walked it.
Trump aside, other questions now pose themselves, most of them to do with money.
1604933830Here’s how businesses are reacting to the vaccine announcement:1604933223Matt Hancock has also shared his glee at the news:1604932908Whitty hails vaccine as ‘reason for optimism for 2021’
England’s chief medical officer Chris Whitty said there was “reason for optimism for 2021” following the announcement pharmaceutical giant Pfizer and biotech firm BioNTech’s vaccine is 90% effective in preventing the disease.
He tweeted: “Preliminary news that the Pfizer/BioNTech vaccine is effective demonstrates the power of science against COVID.
“We must see the final safety and efficacy data, but it is very encouraging.
It is essential we continue to suppress COVID, but it is a reason for optimism for 2021.”
1604932307Arlene Foster welcomes vaccine announcement as 471 new cases reported in Northern Ireland1604930361Not all stocks are up….1604930192Biden urges caution, Trump hails rising stock markets after vaccine announcement
President-elect Joe Biden has warned Americans that “the end of the battle against Covid-19 is still months away” despite the news of an effective vaccine.
“This news follows a previously announced timeline by industry officials that force vaccine approval by late November. Even if that is achieved, and some Americans are vaccinated later this year, it will be many more months before there is widespread vaccination in this country,” Mr Biden said in a statement.
“This is why the head of the CDC warned this fall that for the foreseeable future, a mask remains a more potent weapon against the virus than the vaccine. Today’s news dos not change this urgent reality. Americans will have to rely on masking, distancing, contact tracing, hand washing, and other measures to keep themselves safe well into next year. Today’s news is great, but it doesn’t change that fact.”
In an all-caps tweet, Donald Trump hailed the announcement as “such great news” and welcomed the rise in global stock markets.
1604929707Here’s a round-up of that key vaccine announcement and how the world is reacting to it:‘Great day for science’: Covid vaccine ‘more than 90% effective’
– Millions of doses of the vaccine could be made available in the UK by the end of the year, Downing Street said – The vaccine has been tested on 43,500 people in six countries and so far has shown no adverse effects– It has been found to produce both antibody and T-cell responses in the body