Stocks rally sharply Monday as investors cheer news that the U.S. Food and Drug Administration granted “fast track” status to a pair of vaccine candidates produced by Pfizer Inc. and German biotech firm BioNTech SE. The upbeat mood on Wall Street comes even as investors prepare for a tough earnings season.
New York Fed President John Williams emphasizes that officials will follow through with plans to discontinue a embattled benchmark for rates in financial markets at the start of 2022, despite all of the focus by financial firms on the coronavirus pandemic.
The child actor-turned-entrepreneur-turned politician faces steep odds in launching a virtual presidential campaign with the general election only four months away, and with no clear-cut platform or wide presence on state ballots.
The number of confirmed cases of the coronavirus illness COVID-19 worldwide edged closer to 13 million on Monday, a day after the World Health Organization reported another one-day case record above 230,000, and Florida set a U.S. record that trounced the previous one set by California last week.