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World stock markets soar after Pfizer announcement: Dow Jones industrial average breaks record Israel today

2020-11-09T15:35:43.316Z


| economyOptimism in world markets following the pharmaceutical giant's successful experiment • Pfizer shares jump 12%, Biontech 18% • Impressive jumps in the leading indices on the Tel Aviv Stock Exchange • Prime Minister Netanyahu: "A very important day - we will bring vaccines to Israel" About three weeks ago, the pharmaceutical company Pfizer, together with Biontech, announced significant progress in


Optimism in world markets following the pharmaceutical giant's successful experiment • Pfizer shares jump 12%, Biontech 18% • Impressive jumps in the leading indices on the Tel Aviv Stock Exchange • Prime Minister Netanyahu: "A very important day - we will bring vaccines to Israel"

About three weeks ago, the pharmaceutical company Pfizer, together with Biontech, announced significant progress in the development of the corona vaccine.

In fact, the companies announced that within a month they would have a vaccine.

The company's vice president, William Gruber, hoped they would have an indication of 70% efficacy for the drug.

But today (Monday) Pfizer announces that the observed effectiveness of the corona vaccine is 90%.

Gruber said that these are extraordinary results in his eyes as well, as someone who has been developing vaccines for 35 years. 

Photo: Pfizer

The vaccine has been tested on more than 40,000 trials and has been found to have almost no side effects, and only a very small proportion of them have developed corona symptoms.

As expected now, within two weeks there may be approval in the Bezeq procedure for initial commercial production.

Since the company's announcement in the afternoon, gains in the Tel Aviv Stock Exchange have begun. The leading indices in Tel Aviv 35 and Tel Aviv 125 have jumped 3.4% and 2.9%, respectively. In the United States, there is strong demand for the two partnerships - the American and the German.

At the same time, there was an 18% drop in the share of Zoom - the video call widget that became one of the "Corona shares" - which benefited from the situation.

Trading on Wall Street opened with sharp price increases after the announcement of the vaccine.

Pfizer's stock jumped 12% while Biontech's 18%.

The Dow Jones industrial average jumps 5.5% to a new high, the S&P 500 jumps by 3.7%, the Nasdaq adds 1.3%. The announcement affects other sectors - bank shares strengthen by about 10%, in aviation sharp rises of about 20% Shares of the AMC cinema chain soared 52%, while Modern, also in phase 3 of its vaccination trial, jumped 5%.

Prime Minister Benjamin Netanyahu commented on a statement from the American pharmaceutical company Pfizer, saying that this was an important step forward.

"I think some other companies are also advancing to this goal. We are also advancing in our vaccine, it will still take time. But one thing is clear, not far off today, it is not another years - it is another months, there will be vaccines that will be available to the world population." 

Photo: GPO

"My goal at the moment is to do one thing - to bring vaccines to you citizens of Israel, and we will do it. That means the end is in sight. I said a few days ago that I see the light at the end of the tunnel, I think the locomotive is already coming out of the tunnel."

Source: israelhayom

All news articles on 2020-11-09

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