Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.
Nursing homes and other long-term care facilities account for about 1% of the U.S. population, but represent 40% of COVID-19 deaths, according to the COVID Tracking Project.
The Indiana State Department of Health has reported 262 new COVID-19 deaths over the past seven days, up from 229 the previous week.
Hospitalizations due to COVID-19 also rose to another high in Indiana, as did testing of new individuals.
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
The Indiana State Department of Health on Friday said the seven-day moving average for COVID-19 cases reached another all-time high of 3,576.
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
The Indiana State Department of Health on Thursday reported 45 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for 10 straight days and have been in double digits 28 times over the past 30 days.
AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses in January, CEO Pascal Soriot said Thursday.
U.S. labor costs fell by 8.9% in the third quarter after rising by 8.5% in the second quarter, the Labor Department reported Thursday.
The number of Americans seeking unemployment benefits fell by 7,000 last week, to 751,000, continuing a slow decline but remaining at a still-historically high level.
Indiana Gov. Eric Holcomb on Wednesday did not impose new restrictions, despite rumors suggesting he was planning to do so amid record cases and hospitalizations.
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.
Neither candidate has yet cleared the 270 Electoral College votes needed to win the White House, and the margins were tight in several battleground states.
The state on Wednesday reported 25 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for nine straight days and have been in double digits 27 times over the past 29 days.
One of the first states to receive rapid, low-cost coronavirus tests from the U.S. government is cautioning against their use in asymptomatic people, a group that were hoped to benefit most from the technology.
The Carmel-based company said its results for the first nine months of 2020 have been “significantly impacted by the COVID-19 pandemic.”
