 | | | | The S&P 500 and the Dow rallied sharply but closed shy of their records on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage COVID-19 vaccine trial. | | | | | | President-elect Joe Biden on Monday said a coronavirus vaccine approval process must be guided by science so the public can have confidence it is safe and effective, warning that the United States is still facing a very dark winter and that a vaccine likely won't be available for months. | | | | | | Corporate America says it is ready to work with President-elect Joe Biden, hoping for quick action on a new round of COVID-19 relief and infrastructure spending. | | | | | | Pfizer Inc's experimental COVID-19 vaccine is more than 90% effective based on initial trial results, the drugmaker said on Monday, a major victory in the war against a virus that has killed over a million people and battered the world's economy. | | | | | | News that Pfizer Inc's experimental COVID-19 vaccine is more than 90% effective based on initial trial results renewed hope on Monday among world leaders, scientists and global investors that the battle against a pandemic that has killed over a million people could be won. | | | | | | A U.S. judge said on Monday he will consider arguments in a disputed order related to the protection of confidential information in the Justice Department's antitrust lawsuit filed against Alphabet Inc's Google LLC unit. | | | | | | The S&P 500 and the blue-chip Dow indices followed world equity indexes higher and U.S. Treasury yields surged on Monday, as progress in the development of a coronavirus vaccine sparked a surge of optimism that the global economy will stage a solid recovery as life returns to normal, | | | | | | The European Union will impose tariffs on up to $4 billion of U.S. imports in retaliation for U.S. subsidies for Boeing , but said on Monday it was hopeful of an improvement in trade ties under U.S. President-elect Joe Biden. | | | | | | U.S. Trade Representative Robert Lighthizer on Monday expressed disappointment about the European Union's decision to impose tariffs on U.S. planes and other goods, but refrained from threatening to respond with further U.S. action. | | | | | | The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday, in a stark reminder the economy is far from out of the woods. | | | | | |
