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December 9, 2020
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‘Dow’ closes 104 positive points, driven by forecast that FDA will give green light to Pfizer vaccine
Dow Tuesday’s close (Dec. 8) was up 104 points, driven by expectations that the U.S. Food and Drug Administration (FDA) will approve the new coronavirus vaccine. The market was also positive when the UK started its COVID-19 vaccination program. Developed by Pfizer and Bion Tech today.
The Dow Jones Industrial Average was up 104.09 points, or 0.35%, to 30,173.88 points, the S&P 500 was up 10.29 points, or 0.28%, to 3,702.25 points, and the NASDAQ was up 62.83 points, or 0.50%, to close at 12,582.77.
Pfizer’s share price rose more than 2 percent, reaching a high of more than a year today, while Bion Tegade’s shares rose 1.6 percent.
Pfizer Inc CEO Albert Birla said he expected the US Food and Drug Administration (FDA) advisory board to approve the COVID-19 vaccine. Company
Said committee Consisting of external experts Will be discussed on Thursday about the approval of Pfizer’s vaccination for people over 16 years of age.
“We have answers to all the questions they will ask. And I think they will vote for our vaccines. Because we have information that will build trust, ”said Burla.
The FDA today revealed that Pfizer’s new coronavirus vaccine trial data did not raise concerns about its safety.
Documents posted on the FDA website indicate that the company’s vaccine trial data is consistent with the FDA’s proposal for the approval of emergency vaccines (USA).
“The FDA believes that the company has provided sufficient information to ensure the quality of the vaccine. And it is in line with product approvals under the US, “the FDA said.
The FDA also revealed that The information says Pfizer COVID-19 Vaccine After First Injection. 3 weeks before the second injection
The FDA is scheduled to hold an advisory committee meeting Thursday to consider Pfizer’s qualification for the COVID-19 vaccine, which if the board agrees to approve the vaccine, the FDA will announce approval. Officially approved within a few days.
At the same time, investors continue to keep an eye on progress in issuing US economic stimulus measures.
US House of Representatives Seni Hoyer said the House of Representatives would vote on a temporary budget bill to avoid a shutdown of government agencies for a week. tomorrow AND give parliamentarians more time to negotiate a deal to issue a $ 9.08 billion stimulus package to mitigate the effects of the COVID-19 epidemic.
The Speaker of the United States House of Representatives, Nancy Pelosi, and the Senate Majority Leader, Mitch McConnell. He expressed the hope that Congress can reach an agreement on the issuance of economic stimulus and interim budget legislation by December 11, the last day before US government agencies face a shutdown.
