Bill Ackman Sounds Alarm For Another COVID Market Crash Despite Vaccine Hype

Bill Ackman Sounds Alarm For Another COVID Market Crash Despite Vaccine Hype

Prominent hedge fund manager Bill Ackman is betting that the coronavirus pandemic could rattle the U.S. stock market again like in March in a time when major stock indexes just soared to an all-time high. Last time he made similar bets, he won and profited $2.6 billion, or a 10,000 percent return, on his investments …

Pfizer’s Covid Vaccine Shows Promise, But How Will It Be Distributed?

Pfizer’s Covid Vaccine Shows Promise, But How Will It Be Distributed?

Pfizer and BioNTech’s coronavirus vaccine inched a step closer toward approval on Monday, with the company announcing 90% efficacy in phase 3 clinical trial. The vaccine will be offered in a two-dose jab, not unlike other candidates currently in development and a multitude of multi-dose medicines that have come before it. The vaccine’s two doses will …

Record Infections Death Rates and it getting worse by the day

Several states posted records Tuesday, including over 12,600 new cases in Illinois, 10,800 in Texas and 7,000 in Wisconsin. Deaths — a lagging indicator, since it takes time for people to get sick and die — are climbing again, reaching an average of more than 930 a day. Hospitals are getting slammed. And unlike the …

GOP backs Trump as he fights election results, transition

GOP backs Trump as he fights election results, transition

WASHINGTON (AP) — The Trump administration threw the presidential transition into tumult, with President Donald Trump blocking government officials from cooperating with President-elect Joe Biden’s team and Attorney General William Barr authorizing the Justice Department to probe unsubstantiated allegations of voter fraud. Some Republicans, including Senate Majority Leader Mitch McConnell, rallied behind Trump’s efforts to …

‘Great day for humanity’: Pfizer says COVID-19 vaccine over 90% effective

‘Great day for humanity’: Pfizer says COVID-19 vaccine over 90% effective

(Reuters) – Pfizer Inc’s PFE.N experimental COVID-19 vaccine was more than 90% effective based on initial trial results, the company said on Monday, a major victory in the fight against a pandemic that has killed over a million people and battered the world’s economy.Experts welcomed the first successful interim data from a large-scale clinical test …

Gram says Trump should NOT concede

Gram says Trump should NOT concede

Sen. Lindsey Graham urged supporters not to accept Joseph R. Biden as the projected winner of the presidential election on Sunday, with the Trump campaign vowing to pursue legal challenges. “This is a contested election. The media doesn’t decide who becomes president. If they did, you would never have a Republican president for forever, so …

Trump campaign announces Rep. Doug Collins to lead Georgia recount effort

Trump campaign announces Rep. Doug Collins to lead Georgia recount effort

Fresh off his Senate campaign loss, Republican Rep. Doug Collins will lead President Donald Trump campaign’s recount team in Georgia, according to an announcement on Sunday from the Trump campaign. Collins on Tuesday night lost in Georgia’s special election Senate race, which CNN projected will head to a runoff between GOP Sen. Kelly Loeffler and …

GSA official in charge of handing transition resources to Biden isn’t budging

GSA official in charge of handing transition resources to Biden isn’t budging

WASHINGTON – A Trump administration appointee is refusing to sign a letter allowing President-elect Joe Biden’s transition team to formally begin its work this week, in another sign the incumbent president has not acknowledged Biden’s victory and could disrupt the transfer of power. The administrator of the General Services Administration, the low-profile agency in charge …