Plus, Biden advisers’ talks with drugmaker executives on the U.S. government’s Operation Warp Speed. And, companies large and small will be adapting business plans to a new White House administration.
Any economic recovery depends on checking the pandemic, and investors pounced upon the news. Pfizer’s data is only preliminary and does not mean a vaccine is imminent.
Reports that one coronavirus vaccine works well adds to the gains stocks were already making given Biden's victory
Julia Coronado, founder and president of MacroPolicy Perspectives, says “global markets were rallying overnight, even before we got the vaccine news. And now it’s just like icing on the cake. And there’s a supercharged positive tone in markets this morning.” According to Coronado, it also seems that, in terms of the potential for more federal coronavirus relief, “things have moved a bit in the positive direction this morning.”
Biden team met with Operation Warp Speed drugmakers before election
Marketplace’s Nancy Marshall-Genzer reports.
Change in the White House means changing plans for some businesses
by Kimberly Adams
Drew Angerer/Getty Images
Companies large and small are getting ready for changes in trade, taxes and health care policy.
Apple
Spotify
Amazon
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