Skip to main content

Thursday Update: Trump Administration Narrows COVID-19 Vaccine to 5 Companies

Publish date:
Video Duration:

Good morning, it’s Thursday, June 4. 

Here’s your daily coronavirus update.

There are 6.5 million cases of the coronavirus worldwide, with over 386,000 deaths.

The U.S. has 1.8 million cases with over 107,000 deaths.

The Trump Administration has narrowed down the search for a coronavirus vaccine to five companies.

The five companies are: Moderna, Johnson & Johnson, AstraZeneca in partnership with Oxford, Pfizer, and Merck.

These companies, according to the Administration, are the most likely to produce a coronavirus vaccine.

By narrowing down the candidates for a vaccine, the White House is taking steps to follow through on its promise that Americans can have a vaccine ready for widespread use by the end of this year. It will be better able to identify the most promising vaccine candidates and focus on ensuring that the vaccine candidate can be ready for widespread use.

The five companies listed above have received over $2.2 billion in federal funding, and this move will pave the way for more access to government funding.

And, in other U.S. news, this is the tenth straight day of protests across America--in all 50 states. Wall Street has been rallying all week, but that rally may be paused. In premarket trading, the Dow, S&P and Nasdaq were all indicated to open lower. 

Watch More of the Latest Videos from TheStreet and Jim Cramer

Related Videos