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Stock markets rejoiced at Pfizer’s announcement
of positive results from phase three trials of its Covid-19 vaccine, developed in partnership
with German biotech outfit BioNTech.
It benefited the fortunes of BioNTech’s billionaire founder and the
firm’s largest investors, as well as sports and entertainment companies like WWE, while the pandemic’s
big winners Zoom, Peloton, and Netflix all took a hit.
In more Covid-19 treatment
news, the FDA granted emergency use authorization to Eli Lilly’s coronavirus antibody
treatment. Brazil instead halted clinical trials of a
Chinese Covid-19 vaccine CoronaVac and the NIH formally concluded hydroxychloroquine is ineffective in
treating adult Covid-19 patients.
Goldman Sachs’
prediction for the global economy forecast a v-shaped recovery, under which
the economy bounces back to its baseline levels, or better, after a
crisis with minimal hiccups along the way.
The VF Corporation, owner of apparel and lifestyle labels such as
Vans, The North Face, and Timberland, is looking to acquire Supreme, a global
streetwear brand known for its direct-to-consumer model and brand loyalty,
for $2.1 billion.
McDonald’s presented
its new plant-based burger, McPlant, as
“exclusively for McDonald’s, by McDonald’s,” but there is ambiguity
over the role Beyond Meat played in developing the recipe.
One of Trump’s helicopters, a 1989
Sikorsky S76-B, is up for sale. Asking price: “Make an offer”—but if interested, know
that the average price for those models is around the $1.4 million
mark.
More Americans than ever have given up their U.S. citizenship so far in
2020. The numbers have never been very high, but in recent years,
they have risen noticeably.
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