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Pfizer and BioNTech said they will apply to the FDA for emergency approval on Friday for their vaccine, which will be the first to go through the regulatory process. At the same time the US on Thursday registered coronavirus cases of 187,883, by far the nation’s worst day during the pandemic.
Two Covid stimulus developments are also being assessed on Wall Street.
First, finance minister Steve Mnuchin decided to cut Federal Reserve lending although this could be reversed by Mnuchin or a new Treasury Secretary von Biden. Mnuchin told CNBC on Friday Misunderstand people the Fed’s funding decision, saying there is still a lot of firepower left. Charles Evans, President of the Chicago Fed expressed disappointment on CNBC on Friday in the Treasury move.
Under the Pfizer-BioNtech deal, the 27 EU countries could buy 200 million cans and have the option to buy another 100 million.
NurPhoto | Getty Images
The FDA is reviewing Pfizer BioNTech’s emergency application to use their Covid-19 vaccine could take weeks. A meeting of the advisory committee to review the vaccine is provisionally planned for early December. If the FDA approves it, the vaccine will likely be phased out and rolled out, with healthcare workers, the elderly, and people with underlying health conditions receiving the first vaccinations. Friday’s announcement came two days after Pfizer said final data analysis showed its vaccine with BioNTech was 95% effective against Covid, safe, and appeared to ward off serious diseases.
The Eli Lilly logo will be displayed in one of the company’s offices in San Diego, California on September 17, 2020.
Mike Blake | Reuters
The FDA approved the emergency use of Eli LillyArthritis drug baricitinib, in combination with Gilead Sciences” antiviral drug Remdesivir, used to treat Covid patients. Baricitinib, sold under the brand name Olumiant, is an FDA-cleared oral drug used to treat moderately to severely active rheumatoid arthritis.
In stark contrast to the US guidelines, a body of the World Health Organization advised doctors Thursday opposed the use of remdesivir to treat patients hospitalized with Covid. Currently, there is “no evidence” that it improves survival or reduces recovery time.
Passengers wait to board a United Airlines flight to Honolulu at the SFO in San Francisco, California on Thursday, October 15, 2020.
Paul Chinn | San Francisco Chronicle | Getty Images
The CDC advises Americans shouldn’t travel for Thanksgiving Day to keep the coronavirus from spreading. Dr. Henry Walke, the CDC’s Covid-19 incident manager, said the agency was concerned about crowds waiting for planes, trains and buses. The CDC said Thanksgiving celebrations should only be limited to those who live in the same household for 14 days.
California is imposing an overnight curfew for almost all residents. What officials call a limited-stay-at-home arrangement requires people who are not running essential errands to stay home after 10 p.m. until 5 a.m. from Saturday. The order runs until December 21, but could be extended if disease trends don’t improve.
Democratic President-elect Joe Biden delivered a speech on Covid-19 at The Queen Theater in Wilmington, Delaware on October 23, 2020, and U.S. President Donald Trump spoke during a Make America Great Again rally in Gastonia, North Carolina, on October 21 in front of fans. 2020.
president Donald Trump and its allies are taking increasingly desperate steps to question the 2020 election results, including Convening Michigan State Legislature to the White House as part of a Longshot overturn offer Joe BidenThe victory. A hand count of ballots cast in Georgia for the presidential race approved Biden’s narrow lead over Trump on Thursday. Wisconsin on Friday will begin recounts in the two largest and most democratic counties in the state. The Trump campaign paid a required $ 3 million recount fee.
– Associated Press and Reuters contributed to this report.