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Vaccine 'milestone' hailed as global Covid cases soar

Vaccine 'milestone' hailed as global Covid cases soar

13 Sept 09:40 Key points summarised by AI
  • Pfizer and BioNTech announced their COVID-19 vaccine candidate showed 90% effectiveness in trials, marking a "critical milestone" in the global effort to combat the pandemic.
  • This breakthrough news sent stock markets soaring and offered a significant glimmer of hope amidst rapidly increasing global COVID-19 infections, which have now surpassed 50 million, and widespread economic disruption caused by lockdowns.
  • While the companies aim for a potential US rollout this month and plan for massive global vaccine supply, the world continues to grapple with escalating cases, particularly in Europe, and ongoing challenges in vaccine development, including the suspension of a Chinese vaccine trial in Brazil.
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