Pfizer’s Covid Vaccine is 90% Effective, Stocks Surge

Mish

The DOW is up 1,000 points on news of better than expected results from a covid vaccine test.

Stocks Surge on Vaccine Trials and Biden Win

The DOW hit an Intraday High on Vaccine Results, Biden Win

The Dow Jones Industrial Average climbed almost 1200 points, or 4.2%, in midday trading. The blue-chip index set its first intraday record since February and came within about 70 points of the 30000 mark before paring some gains. The S&P 500 surged 2.9%, also putting it in record territory.

90% Effective in Latest Trials 

Pfizer reports its Covid-19 Vaccine is 90% Effective in Latest Trials

A vaccine developed by Pfizer Inc. (PFE) and partner BioNTech SE (BNTX) proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic.

Pfizer said it remained on track to collect at least two months of safety data during the third week of November and could file for an emergency authorization shortly thereafter.

Pfizer and BioNTech’s vaccine uses a new and unproven technology, known as mRNA, short for the molecular couriers called messenger RNA that carry genetic instructions to cells.

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As of now, storage is the main concern. "Their vax is going to be the hardest to use — must be shipped/stored at -70C, which limits where it can be used."

I suggest any storage-related problems will easily be solved. 

This is extremely welcome news.

Congratulations to Pfizer (PFE) and partner BioNTech SE (BNTX).

Mish

Comments (95)
No. 1-27
PecuniaNonOlet
PecuniaNonOlet

We are finally turning the corner...Trump out, Biden in, vaccine in, market up....

It is a new day in America, feels fresh and clean.

Sechel
Sechel

This is clearly good news. It will still be Spring before vaccines are distributed and possibly end of 21 when it becomes universally available. I assume the FDA and local hospitals will want to verify the data.

Interestingly Mike Pence is taking credit for the Pfizer knews despite the fact that Pfizer turne down government funding.

Doug78
Doug78

The billions put into the research since this began has , as expected, borne fruit. It was just a matter of time. It reminds of the polio epidemic of the early 50's.

numike
numike

And, for nerd stuff, here’s some really techie details including secondary effects https://mandtsystems.com/documents/ASHRAE_R02_39SI.pdf

Doug78
Doug78

What does this do for Biden's Covid plan?

Eddie_T
Eddie_T

We have no distribution network at all for vaccines than need this kind of storage. I’ve read that it might take until 2023 to get all the infrastructure in place to handle it, Just sayin’.

TexasTim65
TexasTim65

I was reading they only expect to make 21 million doses this year and only 650 million by the end of 2021. That's worldwide, not just for the USA.

If it works (and it's still a big if), most people are looking at 2022 before they would get access to it.

On the other hand, as someone who isn't planning to take it, I don't mind waiting. I just hope the idea of the vaccine opens up the country fully for business by March/April time frame.

PreCambrian
PreCambrian

I think that the efficacy is a little overblown. Read the following article to see how "effective" is defined in the test protocol. It actually means that it reduces symptoms compared to the placebo.

Rocky Raccoon
Rocky Raccoon

The free market and American entrepreneurs and the scientists they promote are in need for congratulations in this. Tying this to a political party, office, or agenda is insane.

KidHorn
KidHorn

You can't inject a -70c liquid into someone without causing tissue damage. I assume it has to warm up, but, it's going to require training and seems likely to lead to a handful of dangerous vaccinations.

Casual_Observer
Casual_Observer

Defense secretary fired. Looks like Trump is not going to leave quietly or find someone to keep him in office.

Dean2020
Dean2020

Doesn't it take years for even fast-tracked drugs to hit the market? I looked up a bit of info and indication are that the fastest to market has averaged 4.8yrs.

numike
numike

which vaccine should i take if any decisions decisions

numike
numike

“The more it (vaccination) is supported by public authorities, the more will its dangers and disadvantages be concealed or denied.”
― M. Beddow Bayly

Webej
Webej

90% efficient !!!
90% efficient at what ???
90% efficient at preventing moderate symptoms for a certain predetermined ratio of vaccinated infections compared to unvaccinated infections.
NOTE

  1. Effect on mortality is NOT an endpoint
  2. Effect on hospitalizations is NOT an endpoint
  3. Preventing infection is NOT an endpoint
  4. Preventing asymptomatic spread is NOT an endpoint
    The endpoint is less moderately severe cold symptoms in a proportion of the infected. Mild symptoms are required to count as a case of infection.
truthseeker
truthseeker

Please tell me u r aware of the article-It Defies Logic-over on ZeroHedge and it’s nothing but a bunch of BS.

FromBrussels
FromBrussels

Is it purely by coincidence that Pfizer comes up with a miracle solution days after the election, with Trump supposedly out of the way.....or is it all part of the well planned big collusion by the enlightened establishment ? I seem to remember that Trump wanted Big Pharma to sell its products cheaper in the US....

Tucsonman
Tucsonman

The past 3 days my 2 brother in laws and their Dad tested positive. Only one is showing any symptoms which are mild. Sore throat and chills but not bad. My nephew lives with my brother in laws but tested negative. The Dad is a 52 year old overweight and way out of shape diabetic with high blood pressure. He Feels nothing Which begs the question how many asymptomatic cases are walking around. This thing is stealth but seems not nearly as deadly as advertised by the media.

Sechel
Sechel

I prefer to conclude this was a rally driven in part if not whole by Trump's election loss

njbr
njbr

The 2000 mink farmers must be saved!!! (they're not anything like the pangolin selling wet-market stall keepers)

...The Danish government has dropped an attempt to pass emergency legislation allowing it to cull all mink in the country.

Last Wednesday the Danish prime minister, Mette Frederiksen, said all the country’s mink would be culled due to fears that a Covid-19 mutation moving from mink to humans could jeopardise future vaccines.

But opposition to the move swiftly emerged. “Massive doubts [by the mink farmers!] over whether this cull is properly scientifically based [have] come to light now,” said Jakob Ellemann-Jensen, the leader of Denmark’s largest opposition party, Venstre. “At the same time the government is taking away the livelihood of a large number of people without actually having the legal rights to do so.”

Frederik Waage, law professor at the University of Southern Denmark, told Danish national paper Berlingske the cull order was “illegal”....

davebarnes2
davebarnes2

But, NASDAQ off. A lot.
We lost money in our retirement accounts today.
Bonds down.
NASDAQ down.
S&P up.

njbr
njbr

Barr breaks precedent with new election investigation powers for federal prosecutors....

...“It would be problematic enough if Barr were reversing longstanding Justice Department guidance because of significant, substantiated claims of misconduct — that could presumably be handled at the local and state level,” said Stephen I. Vladeck, a professor at the University of Texas School of Law.

“But to do so when there is no such evidence — and when the president’s clear strategy is to delegitimize the results of a proper election — is one of the more problematic acts of any attorney general in my lifetime,” Mr. Vladeck added.

Mr. Pilger, a career prosecutor in the department’s Public Integrity Section who oversaw voting-fraud-related investigations, told colleagues he would move to a nonsupervisory role working on corruption prosecutions.

“Having familiarized myself with the new policy and its ramifications,” he wrote, “I must regretfully resign from my role as director of the Election Crimes Branch.” A Justice Department spokeswoman did not immediately respond to a request for comment about Mr. Pilger’s message.....

Mish
Mish

Editor

At Zion NP all day.
Gorgeous fall colors and snow in the mountains

xTerry
xTerry

News said 90% effective result came from around 90 patients. That's a too small sample size to conclude. Wonder if they just push out the news to make stocks up.


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