Pfizer Seeks FDA Approval, Bill Gates’ SPAC Connection

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All three major U.S. stock market indices fell on Friday, as new virus cases in the U.S. hit a new one-day high of 187,833. Hospitalizations also surpassed 80,000 and set a record high for the 10th straight day.Adding to the unclear future of the economy, the U.S. Treasury announced Thursday that it would allow several Federal Reserve lending programs to expire at the end of 2020, asking for the central bank to return more than $70 billion in thus-far unused funds allocated to Fed programs.The Dow Jones Industrial Average lost 219 points, or 0.8%, to finish at 29,263.Pfizer and BioNTech apply for FDA approval. Pfizer (ticker: PFE) and its German partner BioNTech ( BNTX) asked the U.S. Food and Drug Administration for emergency use authorization of their vaccine candidate, becoming the first of the two furthest-along vaccine efforts to put the ball in the FDA’s court.Moderna ( MRNA) has also announced its own candidate is about 95% effective. Initially reported to be more than 90% effective, Pfizer has since clarified it believes its vaccine is 95% effective.There are still plenty of open questions about Pfizer’s vaccine, including how long it lasts, what type of immunity is provided, and its safety profile. But assuming …

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