US President Trump: Covid vaccine delivery will begin next week
|The US President Donald Trump has stated that the covid vaccine delivery will begin next week.
Operation Warp Speed is said to be distributing doses as early as next week.
Trump said the coronavirus vaccine will be initially sent to front-line workers, medical personnel and seniors.
Last week, Pfizer and its partner BioNTech applied for an emergency use authorization from the Food and Drug Administration for their Covid-19 vaccine.
The FDA process was expected to take a few weeks, and an advisory committee meeting to review the vaccine had been scheduled for early December.
Pfizer announced on July 22 that the US agreed to buy 100 million doses of its vaccine for up to $1.95 billion.
The agreement, which is part of Operation Warp Speed, allows the US to acquire an additional 500 million vaccine doses.
Markets are already trading the prospects of an economic recovery and a post covid world, but the news will underpin risk appetite going forward.
On the other hand, the news that the AstraZeneca-Oxford vaccine is likely to undergo an additional trial after a manufacturing error has called into question the previously published results, ''suggesting the vaccine news flow isn’t always going to be one-way traffic,'' analysts at ANZ Bank argued.
''And with global case numbers having now topped 60 million, Texas and California breaking their daily record for infections, concerns that Thanksgiving mingling could see a further surge in the US in a couple of weeks, and Germany extending their partial lockdown, there is certainly some rough terrain ahead for the global recovery – and that can create economic scarring.''
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.