US President Trump: Covid vaccine delivery will begin next week

Ross J Burland FXStreet

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.''

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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