The Dow Jones Futures plunged more than 200 points on the day, indicating that the Wall Street stock market will drop tonight. Amid concerns about the delays in the COVID-19 vaccination in the US
As of 6:14 p.m. ET, the Dow Jones futures down 241 points, or 0.78%, to 30,841 points.
CBOE Volatility Index or CBOE Volatility Index (VIX), a measure of market investor anxiety. Rising above the long-term average level It is near the 20 point at the moment.
Investors are watching that President Joe Will Biden be able to vaccinate 100 million Americans within the first 100 days of his promised presidency? After the government of former President Donald. Trump has missed out on the goal of vaccinating 20 million Americans by 2020.
The US is now number 1 in the world in terms of COVID-19 cases. And the deceased More than 25 million people were infected and more than 420,000 died.
At the same time, the market was concerned that Pfizer Inc. reduced the delivery of COVID-19 vaccine. To European countries will affect the US Governments in Europe have expressed frustration with the company, with some such as Italy threatening legal action. After Pfizer cuts COVID-19 deliveries by 50%
Pfizer released a statement stating: The company will improve the efficiency of the vaccine production process against COVID-19. This makes it necessary to obtain additional approval from the regulatory authorities. This will temporarily affect the delivery of the vaccine.
Pfizer stated that The volume of vaccine deliveries will drop from late this month to early next month. By affecting the delivery of vaccines to all European countries But deliveries will increase significantly from the end of next month.
President Biden announced measures to contain the COVID-19 epidemic yesterday and signed ten special presidential directives to curb the epidemic in the United States. He will mobilize thousands of federal and medical personnel to support the COVID-19 vaccination. To the Americans
President Biden also enacted the Defense Production Act to speed up production of the COVID-19 vaccine. To ensure that PPE kits, a COVID monitoring kit will be produced. And adequate raw materials are allocated for vaccine production.
The wartime manufacturing law gives the US president the power to direct companies to produce what is important to national security. This will provide the United States with the raw materials necessary to produce the novel coronavirus vaccine.
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