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Global Stocks Turn Higher On More Upbeat News About Vaccines

By Zack Cantu 6 days ago303 views

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Nov. 18, 2020. Asian stock markets were mixed Wednesday after Wall Street declined as worries about the long-term impact of the coronavirus pandemic tempered enthusiasm about possible vaccine development. (AP Photo/Vincent Yu)

(AP) — Global stock markets are pushing higher after the release of more upbeat data about the coronavirus vaccine being developed by Pfizer and BioNTech. Pfizer said Wednesday that the vaccine it is developing is even more effective than first announced. The statement comes as the company is preparing within days to formally ask U.S. regulators to allow emergency use of the vaccine. Investors are weighing optimism about vaccines against news that the infection numbers in the United States and Europe are high and rising in many cases, posing a threat to businesses.