Tag: Vaccine

Covid in Scotland: Travel restrictions and vaccine hope

Welcome

Copyright: Getty Images

Good afternoon and welcome to BBC Scotland’s rolling coverage of
the Covid-19 pandemic in Scotland this Friday, 20 November 2020.

First Minister Nicola Sturgeon will be delivering an
update shortly at the Scottish government’s daily briefing, starting at 12:15.

Ms Sturgeon will be joined by national clinical director Professor Jason Leitch.

You can follow the latest developments right here and watch or
listen live by clicking on one of the tabs above – for coverage on BBC One
Scotland, the BBC Scotland channel or BBC Radio Scotland.

","

"],c=[3,"

","

"],p=[1,'',""],d={"*":[1,"?

","

"],area:[1,"

","

"],col:[2,"

","

"],legend:[1,"

","

"],param:[1,"",""],tr:[2,"

","

"],optgroup:l,option:l,caption:u,colgroup:u,tbody:u,tfoot:u,thead:u,td:c,th:c};["circle","clipPath","defs","ellipse","g","image","line","linearGradient","mask","path","pattern","polygon","polyline","radialGradient","rect","stop","text","tspan"].forEach(function(e){d[e]=p,s[e]=!0}),e.exports=r},function(e,t,n){"use strict";var r=n(29),o=r({INSERT_MARKUP:null,MOVE_EXISTING:null,REMOVE_NODE:null,SET_MARKUP:null,TEXT_CONTENT:null});e.exports=o},function(e,t,n){"use strict";function r(){this.reinitializeTransaction()}var o=n(8),a=n(30),i=n(3),s=n(7),l={initialize:s,close:function(){d.isBatchingUpdates=!1}},u={initialize:s,close:o.flushBatchedUpdates.bind(o)},c=[u,l];i(r.prototype,a.Mixin,{getTransactionWrappers:function(){return c}});var p=new r,d={isBatchingUpdates:!1,batchedUpdates:function(e,t,n,r,o,a){var i=d.isBatchingUpdates;d.isBatchingUpdates=!0,i?e(t,n,r,o,a):p.perform(e,null,t,n,r,o,a)}};e.exports=d},function(e,t,n){"use strict";function r(e){try{e.focus()}catch(e){}}e.exports=r},function(e,t,n){"use strict";function r(e,t){return e+t.charAt(0).toUpperCase()+t.substring(1)}var o={animationIterationCount:!0,boxFlex:!0,boxFlexGroup:!0,boxOrdinalGroup:!0,columnCount:!0,flex:!0,flexGrow:!0,flexPositive:!0,flexShrink:!0,flexNegative:!0,flexOrder:!0,fontWeight:!0,lineClamp:!0,lineHeight:!0,opacity:!0,order:!0,orphans:!0,tabSize:!0,widows:!0,zIndex:!0,zoom:!0,fillOpacity:!0,stopOpacity:!0,strokeDashoffset:!0,strokeOpacity:!0,strokeWidth:!0},a=["Webkit","ms","Moz","O"];Object.keys(o).forEach(function(e){a.forEach(function(t){o[r(t,e)]=o[e]})});var i={background:{backgroundAttachment:!0,backgroundColor:!0,backgroundImage:!0,backgroundPositionX:!0,backgroundPositionY:!0,backgroundRepeat:!0},backgroundPosition:{backgroundPositionX:!0,backgroundPositionY:!0},border:{borderWidth:!0,borderStyle:!0,borderColor:!0},borderBottom:{borderBottomWidth:!0,borderBottomStyle:!0,borderBottomColor:!0},borderLeft:{borderLeftWidth:!0,borderLeftStyle:!0,borderLeftColor:!0},borderRight:{borderRightWidth:!0,borderRightStyle:!0,borderRightColor:!0},borderTop:{borderTopWidth:!0,borderTopStyle:!0,borderTopColor:!0},font:{fontStyle:!0,fontVariant:!0,fontWeight:!0,fontSize:!0,lineHeight:!0,fontFamily:!0},outline:{outlineWidth:!0,outlineStyle:!0,outlineColor:!0}},s={isUnitlessNumber:o,shorthandPropertyExpansions:i};e.exports=s},function(e,t,n){"use strict";function r(e){var t=e&&(o&&e[o]||e[a]);if("function"==typeof t)return t}var o="function"==typeof Symbol&&Symbol.iterator,a="@@iterator";e.exports=r},function(e,t,n){"use strict";function r(){if(this._rootNodeID&&this._wrapperState.pendingUpdate){this._wrapperState.pendingUpdate=!1;var e=this._currentElement.props,t=i.getValue(e);null!=t&&o(this,Boolean(e.multiple),t)}}function o(e,t,n){var r,o,a=s.getNode(e._rootNodeID).options;if(t){for(r={},o=0;o-1}}}},S=function(e,t,n,r,o,a){var s=k(e,t,o,a);s.mediator={host:"open."+r+".bbc.co.uk"};var u="audio"===e.mediaType?"radioProgramme":"programme";if(_(s.playlistObject,e,u),(0,b.profileStart)(M(e)),!e.isPlayable){var p=n("alert_uk_text"),d=c.default.transform(e.holdingImageUrl);return i.default.createElement("div",{className:"gs-o-responsive-image gs-o-responsive-image--16by9"},i.default.createElement(l.default,{className:"qa-warning-alert-image",src:d}),i.default.createElement("div",{className:"lx-media-asset__warning-alert"},i.default.createElement("div",{className:"gel-brevier lx-media-asset__warning-alert-message"},i.default.createElement("div",{className:"gs-u-mb"},i.default.createElement("svg",{className:"lx-media-asset__warning-alert-icon",width:"24",height:"24",viewBox:"0 0 32 32"},i.default.createElement("path",{d:"M16 2L0 30h32L16 2zm2 25h-4v-4h4v4zm-4-6V11h4v10h-4z"}))),i.default.createElement("p",{className:"gs-u-mt0 gs-u-mb- qa-message-uk-alert"},p))))}return i.default.createElement("div",{className:"gs-o-responsive-image gs-o-responsive-image--16by9"},i.default.createElement("div",{className:"smp-embed"},i.default.createElement(P,s)))},I=function(e){var t=e.media,n=e.ltsConfig,r=e.getTranslationFor,o=e.env,a=e.assetUri,s=e.isApp,l=S(t,n,r,o,a,s),u=i.default.createElement("h4",{className:"gs-u-vh qa-map-smp-accessible-title"},r("video_context"));return E(t)&&t.isPlayable?i.default.createElement("figure",{className:"lx-stream-post-body__media-asset lx-media-asset lx-media-asset--landscape lx-media-asset--smp qa-media-asset-smp"},u,i.default.createElement("div",{className:"lx-media-asset__body"},l),C(t,r)):i.default.createElement("div",{className:"lx-stream-post-body__media-asset lx-media-asset lx-media-asset--landscape lx-media-asset--smp qa-media-asset-smp"},u,i.default.createElement("div",{className:"lx-media-asset__body"},l))};I.displayName="LXSmp",I.propTypes={media:i.default.PropTypes.object.isRequired,ltsConfig:i.default.PropTypes.object.isRequired,getTranslationFor:i.default.PropTypes.func.isRequired,env:i.default.PropTypes.string,assetUri:i.default.PropTypes.string.isRequired,isApp:i.default.PropTypes.boolean},I.defaultProps={env:"live",isApp:!1},t.default=I,e.exports=t.default},function(e,t,n){"use strict";function r(e){return e&&e.__esModule?e:{default:e}}function o(e,t){if(!(e instanceof t))throw new TypeError("Cannot call a class as a function")}function a(e,t){if(!e)throw new ReferenceError("this hasn't been initialised - super() hasn't been called");return!t||"object"!=typeof t&&"function"!=typeof t?e:t}function i(e,t){if("function"!=typeof t&&null!==t)throw new TypeError("Super expression must either be null or a function, not "+typeof t);e.prototype=Object.create(t&&t.prototype,{constructor:{value:e,enumerable:!1,writable:!0,configurable:!0}}),t&&(Object.setPrototypeOf?Object.setPrototypeOf(e,t):e.__proto__=t)}Object.defineProperty(t,"__esModule",{value:!0});var s=function(){function e(e,t){for(var n=0;n0&&n.right0&&n.left1,"br-page-link-onbg br-page-bg-ontext br-page-link-onbg br-page-linkhover-onbg--hover br-page-bg-ontext--hover":"true"===e.brandingTool}),d=(0,s.default)("gs-u-vh","qa-vh-navigation-first"),f=(0,s.default)("lx-pagination__btn","qa-pagination-previous-page",{"lx-pagination__btn--rtl":"rtl"===e.cssDirection,"lx-pagination__btn--inactive":1===e.currentPageNumber,"lx-pagination__btn--active":e.currentPageNumber1,"br-page-link-onbg br-page-bg-ontext br-page-link-onbg br-page-linkhover-onbg--hover br-page-bg-ontext--hover":"true"===e.brandingTool}),m=(0,s.default)("gs-u-vh","qa-vh-navigation-previous"),g=(0,s.default)("lx-pagination__btn","gs-u-mr+","qa-pagination-next-page",{"lx-pagination__btn--rtl":"rtl"===e.cssDirection,"lx-pagination__btn--inactive":e.currentPageNumber===e.totalPageNumber,"lx-pagination__btn--active":e.currentPageNumber!==e.totalPageNumber,"br-page-link-onbg br-page-bg-ontext br-page-link-onbg br-page-linkhover-onbg--hover br-page-bg-ontext--hover":"true"===e.brandingTool}),v=(0,s.default)("gs-u-vh","qa-vh-navigation-next"),_=(0,s.default)("lx-pagination__btn","qa-pagination-last-page",{"lx-pagination__btn--rtl":"rtl"===e.cssDirection,"lx-pagination__btn--inactive":e.currentPageNumber===e.totalPageNumber,"lx-pagination__btn--active":e.currentPageNumber!==e.totalPageNumber,"br-page-link-onbg br-page-bg-ontext …

Continue reading

Qantas Airways Moves To Require COVID-19 Vaccine For Air Travel

A widespread vaccine for COVID-19 hasn’t reached the public yet, but already, airlines are planning for how to handle travelers with and without immunity. On Monday, Alan Joyce, the CEO of Australian flag carrier Qantas Airways, shared that his airline would eventually only allow for vaccinated travelers to board its flights. The move would essentially lock down the spread of the virus through air travel and allow for travelers to move around the globe unhindered by quarantines, though it would only open up the carrier to the select population that had received the vaccine.

Joyce’s marks come as part of the early discussion around how airlines will plan for and accommodate travelers once the vaccine becomes more widespread across the traveling population. Already, some air carriers have enforced strict safety measures in-flight to stem the spread of COVID-19 while in transit; by late October, Alaska, Delta and United had banned over 900 passengers for not complying with mask mandates while some carriers are still blocking middle seats.

Restricting travelers based on level of vaccination may yield a new level of contention between airlines and passengers as carriers look to balance safety with sentiment. In some regions, the virus and the safety precautions taken around the virus have turned into polarizing topics. Beyond the airline-level bans, passengers have turned to social media and public shaming to argue their respective viewpoints.

To help enforce policies, the BBC reports that Qantas is already considering modifying its terms and conditions to ensure that it has grounds to restrict travel from unvaccinated travelers. Other air carriers will need to look into sketching out the same legal boundaries if restrictions are built around vaccinated travelers.

One other consideration for how airlines will allow for vaccinated travelers is in how the public is able to provide credentials. Right now, many routes around the world require travelers to present a recent, negative COVID-19 test in order to fly. On a similar tack, airlines will need to come up with a way to check and verify passenger immunity before the traveler boards the flight — or even reaches the airport.

Those restrictions will also need to adapt based on which countries and populations receive the vaccines first.

Continue reading

Australia opens up more borders in domestic travel boost, eyes vaccine

By Colin Packham and Renju Jose



a group of people standing in front of a building: People walk past a cafe after the coronavirus disease (COVID-19) restrictions were eased for the state of Victoria, in Melbourne


© Reuters/SANDRA SANDERS
People walk past a cafe after the coronavirus disease (COVID-19) restrictions were eased for the state of Victoria, in Melbourne

SYDNEY (Reuters) – Australia will lift more internal border restrictions in a boost for tourism as new coronavirus infections slow to a trickle, while first vaccines could be available in March, a government minister said on Tuesday.

Queensland state, a popular holiday destination, will allow visitors next week from the country’s two most populous states, New South Wales (NSW) and Victoria, after closing its borders in August.

NSW has since notched a month without any COVID-19 cases where the source is unknown and restrictions on arrivals from Sydney will be eased on Dec. 1, Queensland Premier Annastacia Palaszczuk said.

Residents of Victoria, previously the country’s coronavirus hotspot, will also be welcomed if the state has no new cases on Wednesday, which would mark 26 days without community transmission.

“Queensland is good to go,” Palaszczuk told reporters in Brisbane.

NSW and Victoria opened their border on Monday, while the South Australia-Victorian border opens fully next week, in welcome news for local airline companies, Qantas Airways and Virgin Australia.

Qantas said it will run more than 1,200 return flights from Victoria and NSW into Queensland in the run-up to Christmas.

The moves will please Prime Minister Scott Morrison who has pushed state leaders to relax some curbs to help revive the economy, which shrank 7% in the three months to end-June, the most since records began in 1959.

Looking further out, Health Minister Greg Hunt said Australia – which has agreed to buy nearly 34 million doses of AstraZeneca’s COVID-19 vaccine – is increasingly confident it can complete a vaccination programme after the release of preliminary trial results.

“Our vaccine timeline is beginning to strengthen. The news from overseas is that we are on track for first vaccines in March,” Hunt told reporters in Sydney.

AstraZeneca said its COVID-19 vaccine, cheaper to make, easier to distribute and faster to scale-up than its rivals, could be as much as 90% effective.

Australia has reported more than 27,800 cases of COVID-19 and 907 deaths since the pandemic began, but estimates there are fewer than 100 active COVID-19 cases remaining, mostly people in hotel quarantine.

Victoria said on Tuesday it had zero active cases for the first time in over eight months following a strict lockdown after daily infections peaked at more than 700 in early August.

Qantas, meanwhile, said it will insist in future that international travelers have a COVID-19 vaccination before they fly, describing the move as “a necessity”.

“We are looking at changing our terms and conditions to say, for international travelers, that we will ask people to have a vaccination before they can get on the aircraft,” Chief Executive Alan Joyce told broadcaster Channel Nine.

Australia closed its international borders in March and currently requires returning travelers from overseas to quarantine for two weeks.

(Reporting by Renju Jose; Editing by Richard Pullin)

Continue reading

Americans are planning their next vacation even though it’ll probably be months before most people can get a COVID-19 vaccine



a large body of water with a city in the background: With news of a vaccine, Americans are ready to visit big cities again. Westend61/Getty Images


© Provided by Business Insider
With news of a vaccine, Americans are ready to visit big cities again. Westend61/Getty Images

  • When the news of potential coronavirus vaccines broke, some people immediately started planning their next vacation. 
  • Skyscanner saw spikes in both searches and bookings on the days that news of a potential coronavirus vaccine hit. 
  • While the pandemic had travelers avoiding big cities, when news of the Pfizer vaccine broke, people started searching for big cities once more.
  • When news of Moderna’s vaccine hit, travelers started dreaming bigger and began searching for more international destinations.
  • The Centers for Disease Control and Prevention warns that “travel increases your chance of getting and spreading COVID-19.”
  • Visit Insider’s homepage for more stories.

When the news of potential coronavirus vaccines broke, the world uttered a collective sigh of relief.

And, despite the fact that the vaccines likely won’t be available to everyone in the US until May 2021, some people have immediately started planning their next vacation. 

Travel search engine Skyscanner told Insider that on November 9, 2020, when news of Pfizer’s promising vaccine broke, searches for economy class round-trips from the US increased by 39% compared to the previous day. Bookings jumped 25%.

Similarly, on November 16, 2020, when news of the promising Moderna vaccine hit, searches for economy class round-trips from the US rose by 63% compared to the previous day. Bookings spiked 17%.

On November 9, tentative travelers kept their potential trips pretty local, with US destinations making up most of the top 10. 

However, what US cities Americans were searching for came as a surprise, as most of the list consisted of large cities, with New York, Los Angeles, and Miami rounding out the top three. 

Whereas the pandemic had travelers avoiding big cities in lieu of small towns, camping, and road trips, the vaccine news had big cities shoot up to the top of people’s bucket lists once more.

Even more interesting is that, once news of a second potentially viable vaccine broke, travelers began dreaming even bigger, with international destinations from London to Munich making up the top 10 most-searched destinations.

Most experts predicted travel rebounding

Mark Crossey, the US Traveler Expert for Skyscanner, said that US travelers are emboldened by most airlines’ scrapped change fees.

“The emergence of truly flexible travel fares has not gone unnoticed, and US travelers are taking advantage,” he said, adding that low fares and flexibility will likely be around for a while to encourage bookings.

He added that the post-vaccine news spike just shows how unwavering Americans’ appetite for travel is.

Insider reported in April that many experts predicted this, agreeing that while the question of when and how long it will take to get there was unclear, travel would rebound swiftly.

“People’s desire to travel is resilient,” a TripAdvisor spokesperson previously said in a statement to Insider. “What we’ve seen through SARS, Ebola, terrorist attacks, and numerous natural disasters is that the travel industry has always rebounded.”

“Humans need to

Continue reading

Coronavirus live news: India passes 9m cases; China gives 1m people Sinopharm vaccine | World news





India passes 9 million cases

Updated













Churches in the Philippine capital Manila have been told not to hold any Christmas carol activities this season as part of measures to limit the transmission of Covid-19.

The Philippines, a catholic majority country, has one of the longest Christmas periods in the world, with celebrations beginning at the start of September and, for some, lasting as late as Valentine’s Day.

It’s the country’s most important holiday, but this year’s festivities will be different: as well as a ban on carols in church, there are also limits on church attendance,

Continue reading

Coronavirus live news: China has given 1m people Sinopharm vaccine; US CDC warns against Thanksgiving travel | World news





California enacts coronavirus curfew for majority of state’s 40m residents





CDC advises against Thanksgiving travel

The Centers for Disease Control and Prevention has advised Americans not to travel for next week’s Thanksgiving holiday, due to the nationwide surge in new coronavirus cases.

“CDC is recommending against travel during the Thanksgiving period,” Dr Henry Walke, the CDC’s coronavirus incident manager, said during a briefing today.

“For Americans who decide to travel, CDC recommends doing so as safely as possible by following the same recommendations for everyday living,” Walke added.

Walke particularly expressed fear about the possibility of Americans unknowingly spreading coronavirus to family members, saying, “One of our concerns is that as people over the holiday season get together, they may actually be bringing infections with them to that small gathering and not even know it.”

In a set of updated guidelines, the CDC recommended celebrating Thanksgiving virtually or only with members of one’s own household.

The guidance says, “In-person gatherings that bring together family members or friends from different households, including college students returning home, pose varying levels of risk.”

The news comes a day after the US coronavirus death toll surpassed 250,000, which is far higher than any other country in the world:





China has given 1m people Sinopharm vaccine

Continue reading

UK shares jump on vaccine optimism; banks, travel stocks shine

(Reuters) – British stocks jumped on Monday as positive vaccine data from drugmaker Moderna bolstered hopes of a swift economic recovery to pre-pandemic levels, offsetting concerns over a post-Brexit trade deal with the European Union.

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

The blue-chip FTSE 100 index .FTSE closed 1.7% higher, after Moderna Inc MRNA.O reported its experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial.

Pfizer Inc PFE.N and German drugmker BioNTech SE BNTX.O made a similar announcement on Nov. 9. British drugmaker AstraZeneca Plc AZN.L, which is yet to release results from its late-stage vaccine trials, fell 1%.

The domestically focussed mid-cap FTSE 250 index .FTMC ended 1.8% higher, with cinema operator Cineworld Group Plc CINE.L jumping 13.5% to the top of the index. The wider travel and leisure sub-index .FTNMX5750 gained 3.2%.

“This (vaccine news) is more evidence that an end to the pandemic is on the horizon and that the economy can eventually reopen without fears of further lockdowns,” said David Trainer, CEO of New Constructs, an investment research firm based in Nashville, Tennessee.

Energy .FTNMX0530, bank .FTNMX8350 and mining .FTNMX1770 stocks provided the biggest boost to the FTSE 100, which has already gained more than 15% this month, helped by a slew of local stimulus measures and hopes of a sooner-than-expected economic recovery.

Bank stocks also gained following news that PNC Financial Services Group Inc PNC.N would buy the U.S. business of Spanish lender BBVA BBVA.MC for $11.6 billion in cash.

Vodafone Group Plc VOD.L surged 6.9%, after saying it was increasingly confident about its full-year performance, while tech firm Smiths Group SMIN.L rose 4.8%, after highlighting a 30 million-pound cost-saving target for FY21.

Companies that have benefited from people staying home during the pandemic, such as Rentokil Initial RTO.L, Just Eat Takeaway.com JETJ.L and Ocado Group Plc OCDO.L, tumbled between 3.3% and 4.1%.

Meanwhile on the Brexit front, EU warned Britain on Monday that time was fast running out for a trade deal, as negotiators in Brussels began a last-ditch attempt to avoid a tumultuous exit at the end of December.

Reporting by Devik Jain in Bengaluru; Editing by Uttaresh.V and Matthew Lewis

Source Article

Continue reading

Travel restrictions challenge vaccine rollout, airlines warn

PARIS (Reuters) – Air cargo operators may struggle to distribute new COVID-19 vaccines effectively unless pandemic travel restrictions are eased, global airlines cautioned on Monday.



FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in London


© Reuters/TOBY MELVILLE
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in London

The warning came in vaccine transport guidelines issued by the International Air Transport Association (IATA), which is pushing governments to replace travel curbs and quarantines with testing.

Loading...

Load Error

“If borders remain closed, travel curtailed, fleets grounded and employees furloughed, the capacity to deliver life-saving vaccines will be very much compromised,” the IATA document said.

Moderna Inc said on Monday its experimental COVID-19 vaccine had proved 94.5% effective in a clinical trial, a week after rival drugmaker Pfizer reported 90% efficacy findings for its vaccine. Once approved, both vaccines are likely to require transport and storage well below freezing, posing logistical hurdles.

Widespread grounding of passenger flights that normally carry 45% of global cargo in their holds has taken out capacity, thinning the air freight network and driving up prices.

Existing immunisation campaigns have struggled with the partial shutdown. The World Health Organisation and UNICEF “have already reported severe difficulties in maintaining their planned vaccine programmes during the COVID-19 crisis due, in part, to limited air connectivity,” IATA said.

Vaccines will need to be shipped to developing countries reliant on passenger services for cargo, IATA’s head of cargo Glyn Hughes told Reuters. Even in industrialised states, vaccine dispersal may be a tighter bottleneck than production, requiring shipments to secondary airports on passenger jets.

In preparation for the challenge of mass vaccine distribution, governments should move to reopen key passenger routes backed by robust testing, the airline body argues.

“There are several more months for governments to go through the planning cycle,” Hughes said, leaving enough time to “get passenger networks safely resumed, looking at safe travel corridors (and) mutual acceptance of testing procedures.”

(Reporting by Laurence Frost; editing by David Evans)

Continue Reading

Source Article

Continue reading

Cruise, Travel Stocks Jump as Vaccine News Buoys Reopen Bets

(Bloomberg) — News of a second highly effective vaccine against Covid-19 triggered a sharp rally in reopening beneficiaries as the promising results from Moderna Inc. built on momentum for an answer to the deadly disease.

Loading...

Load Error

Investors piled back into industries like cruiseliners, airlines and casinos after Moderna’s data sparked optimism that more vaccine options can help to quickly reopen the global economy. The second positive update in as many weeks fueled stocks that have been among the market’s worst performers — the trio of big cruise stocks had shed between 47% and 69% of their value this year before Monday’s session.

Moderna jumped 12% to an intraday record as the so-called reopen trade helped lead U.S. stocks higher. Cruise companies including Carnival Corp., Royal Caribbean Cruises Ltd. and Norwegian Cruise Line Holdings Ltd. all jumped in early trading Monday. The S&P 500 rose as much as 0.9%.

Moderna said its Covid-19 vaccine was 94.5% effective in a preliminary analysis of a large late-stage clinical trial. The progress report comes after vaccine results from Pfizer Inc. and BioNTech SE a week ago showed 90% efficacy in stopping SARS-CoV-2 infections. Shares in Pfizer fell 4.1%, while BioNTech ADRs slumped 14%, the most since July.

“The initial market impact might be more cautious than after the Pfizer news given that it’s just ‘more of the same,’” said Stephen Innes, a strategist at Axicorp Ltd. “But the medium-term economic outlook should once again look better now, which in my view should support a sustained macro reassessment.”

Read more: Moderna Vaccine Found Highly Effective at Preventing Covid



Reopen trade roars back led by airlines and cruise operators


© Bloomberg
Reopen trade roars back led by airlines and cruise operators

Cruise, travel, tourism and entertainment shares were hit hard this year and face further losses as Covid-19’s resurgence in parts of the globe forces governments to impose further lockdown measures and travel restrictions. The prospect of effective vaccines is helping offset some of the potential declines, analysts said.

Carnival shares jumped as much as 10%, while Royal Caribbean advanced 8% and Norwegian rallied 9.8%. Airline stocks gained as well, with American Airlines Group Inc. and United Airlines Holdings Inc. jumping at least 5.8%, while Southwest Airlines Co. and Delta Air Lines Inc. eyed similar gains.

Casino operators also rallied, with Wynn Resorts Ltd. jumping 6.7% and MGM Resorts International climbing 5.3%. The benefits also spread to theme-park operators and ride-sharing stocks like Uber Technologies Inc. and Lyft Inc.

McKesson Corp., the central distributor for most Covid-19 vaccines in the U.S., rallied as much as 2.6%. Walgreens Boots Alliance Inc. and CVS Health Inc., which are partnered with the federal government to administer vaccines, climbed as well.

Industrial manufacturers like Carrier Global Corp. and Emerson Electric Co. — which offer refrigeration solutions and temperature management systems — can play a key role in any vaccine distribution effort. Carrier shares were up as much as 2.6% and Emerson rose 2.4%.

Lockdown Shares

Adding to the risk-on momentum was news that two of President-elect Joe Biden’s coronavirus

Continue reading

Travel stocks rally after Moderna’s vaccine progress lifts hopes for near-term reopening

United Express ERJ145 ExpressJet

Airline, hotel, and cruise stocks surged in early Monday trading as Moderna’s encouraging vaccine trial results spurred fresh optimism for an end to the coronavirus pandemic.

The biotech company announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in a preliminary analysis. The update comes one week after Pfizer and BioNTech revealed similarly positive results from early trials of their own vaccine. While both candidates still need to receive approval from the US Food and Drug Administration, their supposed effectiveness suggests a nationwide rollout could come in 2021. 

The news boosted shares of companies hit hardest by the virus and stay-at-home restrictions. United Airlines, American Airlines, and Delta jumped more than 5% shortly after the vaccine news.

Read more: GOLDMAN SACHS: Buy these 20 deeply underpriced stocks now before the recovery helps them rebound and crush Wall Street’s low expectations in 2021

Royal Caribbean Cruises, Carnival, and Norwegian Cruise Line Holdings gained more than 7%.

Hotels also rallied on the news. Hilton Hotels, Hyatt Hotels, and Marriott International all posted gained exceeding 5% in early trading.

The moves mimic the dislocations seen after previous encouraging vaccine updates. Stocks that would benefit the most from a full economic recovery bounce higher, while those that thrived through the pandemic slide. Monday was no different, as stay-at-home stocks such as Zoom, Netflix, and Peloton all traded lower.

Both Moderna and Pfizer aim to apply for emergency use authorization later this month. Approval would allow the companies to quickly begin distributing their vaccines to the most vulnerable populations. Even if both candidates are approved by regulators, vaccine supply is set to be very limited.

Read more: Peter Lynch disciple William Danoff manages over $124 billion and has beaten the market for 30 years. He shares the 10 investment rules that ensured his success.

Still, new hopes for a near-term breakthrough lifted the broader stock market. Futures for the Dow Jones industrial average and S&P 500 rose more than 1% on the news. Nasdaq 100 futures erased early gains posted minor losses as major tech names fell.

Oil futures extended gains as traders hoped for a vaccine to revive travel-based consumption. West Texas Intermediate crude contracts gained as much as 4.7%, to $42.02 per barrel.

Now read more markets coverage from Markets Insider and Business Insider:

JPMorgan’s quant chief shares 5 trade recommendations following Pfizer’s vaccine ‘game-changer’

US consumer sentiment falls for the first time in 4 months as spiking COVID-19 cases spur worry

The manager of Rathbones’ $2.4 billion Ethical Bond Fund is beating her benchmark – and 95% of her peers. Here’s how she makes green investing work.

Source Article

Continue reading