Tag: Update

Pfizer Shots Get Fast Track; Florida Cases Rise: Virus Update

(Bloomberg) —

Pfizer Inc. and BioNTech SE received permission from the U.S. Food and Drug Administration to fast-track two vaccine candidates, boosting their shares.

Hong Kong reported 41 new local cases, another record high, and tightened social-distancing measures amid fears of a resurgence after weeks of near-normal activity. More than half a million residents defied the fresh outbreak and government warnings to vote in an unofficial primary.

India added more than 50,000 over the weekend, with deaths topping 1,000.

Key Developments:

Global Tracker: Cases top 12.9 million; deaths surpass 569,600Covid-19 reinvades U.S. statesDeath rate in majority-Black countries is getting worseThe

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Merkel and Lagarde Tell EU It Needs to Deliver: Summit Update

(Bloomberg) — European Central Bank President Christine Lagarde and German Chancellor Angela Merkel warned European Union leaders meeting Friday by video conference that if they fail to agree on a stimulus package the consequences could be dire.

The leaders began negotiations on a 750 billion-euro ($840 billion) plan to help their economies rebound from the Covid-19 lockdown, with Germany and France pushing for a deal to be wrapped up next month.

The European Commission, the bloc’s executive arm, has proposed issuing joint debt to finance the program, a radical step that would signal an unprecedented move toward integration among the

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