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U.S. FDA Approves Pfizer Vaccine as Pandemic Reaches Critical Point

Published 12/11/2020, 04:41 PM
Updated 12/11/2020, 04:45 PM
© Reuters

By Yasin Ebrahim

Investing.com – The Food and Drug Administration on Friday gave emergency authorization to the Pfizer-and-BioNTech Covid-19 vaccine as the pandemic reaches a critical point in the United States.

Pfizer (NYSE:PFE) rose 0.2% in aftermarket hours and BioNTech SE (NASDAQ:BNTX) was up 0.1%.

The emergency use is authorized for those aged 16 and older.

“The FDA’s authorization for emergency use of the first COVID-19 vaccine is a significant milestone in battling this devastating pandemic that has affected so many families in the United States and around the world,” said FDA Commissioner Stephen M. Hahn, M.D., in a statement Friday night.

White House Chief of Staff Mark Meadows on Friday told Dr. Hahn to approve the vaccine by Friday, or hand in his resignation, the Washington Post reported earlier in the day, citing unnamed sources.

Health and Human Services Chief Alex Azar earlier Friday said he expected the vaccine to be available in the U.S. by Monday. The authorization paves the way for the vaccine to be rolled out quickly.

Earlier on Friday, Trump had called on Hahn to get the vaccine out, and accused the FDA commissioner of “playing games.”

Latest comments

this vaccin can be worst then corona virus .
give us your medicial credentials
give us your medicial credentials
this vaccin can be worst then corona virus .
My question: If the market really does look 6 months ahead, will the NASDAQ correct next week?
no
Average of 4.5% influenza cases in the first 10 weeks of the flu season in the previous years. This year is ar 0.15%. Think of it what you will
only for profiteering the vaccine being approved without proper tests ... a lot of people will face complications in coming years due to side effects
you haven't been keeping up. People who get the virus are already dealing with sequelae at 15% of those infected depending on how serious the disease progresses. It's all about advised consent. if you listen to rumors and can't understand the science you really can't be advised in order to give proper consent. just like prescription medication people don't have the required education to make a proper decision. You don't trust the system I can't blame you. but ...
it's not about trusting the system, it's common sense. read the facts
Isnt it one more good fabricated chance for bureaucratic-financial syndicate to get reacher?
vaccine finally here. no need for further stimulus. next worry will be Biden tax increases if Senate goes to dems.
no. economy was collapsing before covid.
Everyone should short Pfizer. That would be epic.
give it to the POLITICIANS 1st , if it wipes them out we want be lost ANYTHING
spot on. Pelosi and Schumer first
spot on. Pelosi and Schumer first
Biden last please. we don't want Harris as president.
https://www.google.com/amp/s/fox2now.com/news/coronavirus/is-bells-palsy-a-risk-with-the-covid-19-vaccine/amp/
90% effective at blocking symptoms, but not the virus.
Since one of the many symptoms is death, seems worth it for a 90% chance to not die.
so vaccine has 10percent death lolol
good luck!
Im holding PFE
Sicko!
Sicko!
I don’t blame Trump. Do it tonight or someone else is doing it tomorrow. He’s dealing it’s inept senior citizens at the fda.
Brazil crash
That should really help build consumer confidence in the vaccine. You'll find me way at the back of the line! Good luck to the guinea pigs in front of me
These mf crooks are willing to *******their own by the thousands just so they can make this admin to look as bad as it can. England aproved , trials on vaccine have yelded very good results . So what in fk is the problem ?
You don't give an ultimatum to approve something that's safe, there's obvious apprehension because it's unsafe and being rushed for a virus that has a 99.997% survival rate. The whole thing is a crime against mankind.
who came up with a 99.997% survival rate. too obviously bogus stat. Just gives folks more ammo to promote bogus stats.
4 out of 44,000 is actually statistically lower than the .03% of people that experience Bell’s palsy each year. In addition to keeping you and your loved ones from getting sick, maybe it actually lowers your chance of getting Bell’s palsy? Or maybe this is just natures way of natural selection, by weeding out those that are too dumb to get a vaccine.
Gold will drop ?
why? I'm new to this and I don't see the correlation, can you help me understand?
why? I don't see the correlation, can you help me understand?
If will drop will not be more than 100$The economy suffer and the vaccine will not help the economy
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