The US Food and Drug Administration (FDA) is expected to vote to issue the Pfizer / BioNTech Covid-19 Vaccine Emergency Use Authorization (USA) later this Friday. This comes after the FDA voted 17 to 4 that the benefits of taking the vaccine outweigh the risks on Thursday.
According to US Secretary of Health and Human Services Alex Azar, USA Friday means Americans could start getting the vaccine next Monday. Healthcare workers and nursing home residents will be the first to get the vaccine.
Market reaction
Risk appetite remains subdued, and the USA for the Pfizer vaccine is highly anticipated at this time. Currently, the S&P 500 is trading at a loss of just over half a percent and is below 3,650, while the dollar index is trading just below 91.00. Lack of progress in the Brexit talks and US fiscal stimulus on Friday has been the main factor weighing on sentiment.
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