Information Updates: Inventory Futures Fall Barely After Trump Requires Main Adjustments to Stimulus Invoice

A nurse administers a dose of the Pfizer-BioNTech Covid-19 vaccine to a patient in northern England.

LINDSEY PARNABY / AFP via Getty Images

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Here’s What You Need To Know About The Impact Of Covid-19 To Navigate The Markets Today.

• • President Donald Trump railed Tuesday against the bipartisan $ 900 billion aid bill, signaling that he would not support it without several changes. The president called on Congress to amend the bill by increasing the direct payment from $ 600 to $ 2,000, or $ 4,000 for a couple. He also called for the removal of “wasteful and unnecessary items”. U.S. stock futures continued to decline following Trump’s announcement posted on Twitter at 7:15 p.m.

Dow Jones industry average

Futures were down 0.3%

S&P 500 index

Futures were down 0.4%.

• •

BioNTech‘s

(Ticker: BNTX) CEO Ugur Sahin is confident that the vaccine with which it was developed

Pfizer

(PFE) works against the new mutation to Covid-19
That showed up in the UK. He told the Financial Times on Tuesday that his vaccine could deal with virus mutations. “We don’t currently know whether our vaccine can also protect against this new variant,” said Sahin. “Scientifically speaking, however, it is very likely that the immune response of this vaccine can also deal with the new virus variants.” If the vaccine turns out to be less effective against the new variant, changes to the vaccine could be made in about 6 weeks.

• • Former head of the Food and Drug Administration and current Pfizer director Scott Gottlieb said Monday that he believes the new Covid-19 mutation is already in the US “I don’t think a travel ban will currently prevent this mutant strain from reaching the United States,” Gottlieb said in a CNBC interview. He predicted that the total number of cases would continue to rise before peaking in late January. “Then infection rates will go down when the vaccinations are introduced.”

• • Google (togetL) and Facebook (FB) have reached an agreement to provide mutual assistance if their pact to collaborate in the online advertising market was ever the subject of an investigationAccording to an unedited version of the lawsuit filed against Google by 10 states last week and under review by the Wall Street Journal. The Texas-led suit claims so

Facebook

agreed in 2018 that it would not compete with Google’s online advertising business if it again received special treatment from Google. A Google spokesman told the journal that such agreements about possible antitrust measures were the order of the day and that Google had not given Facebook any preference in purchasing online ads through the social media company.

Write to Ben Walsh at ben.walsh@barrons.com

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