Tag: vaccine

United warns travel demand will languish until COVID-19 vaccine

By Tracy Rucinski

CHICAGO (Reuters) – United Airlines Holdings Inc warned on Tuesday that travel demand will remain suppressed until there is a widely accepted treatment or vaccine for COVID-19, which plunged the carrier to a deep quarterly loss on Tuesday.

Coronavirus infections are surging in the United States, causing some states to scale back reopening plans and reinstate quarantines in a fresh blow to airlines.

United, which is not blocking middle seats, plans to fly about 35% of its 2019 summer schedule in the third quarter and is forecasting a load factor of about 45% in July. Its planes

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Travel & Leisure Celebrate the Coming Vaccine

Another big day for bulls in the stock market Wednesday was perpetuated by progress among pharma companies in developing a vaccine for the COVID-19 coronavirus. Although it wasn’t the pharma companies engaged in “Operation Warp Speed” who were the big winners today — it was those stocks that look to benefit from a genuine full reopening in the U.S. economy, particularly in the Travel & Leisure space.

Dr. Anthony Fauci, the U.S.’s foremost authority on infectious diseases, today said he looks for a COVID vaccine by year’s end. This would be on the early side of the range for most

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US STOCKS-S&P 500 closes at 10-week high on vaccine hopes, stimulus pledge

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)

* Delta Air Lines to resume flying major routes in June

* S&P 500 notches best day in nearly 6 weeks

* Cyclicals lead gains among major S&P sectors

* Dow up 3.85%, S&P 500 up 3.15%, Nasdaq up 2.44% (Updates with volume data, market breadth)

By Chuck Mikolajczak

NEW YORK, May 18 (Reuters) – U.S. stocks jumped on Monday, and the S&P 500 closed at a 10-week high, on encouraging early-stage data for a potential coronavirus vaccine and on the promise of

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Big buzz about Moderna’s small vaccine test; UN chief warns against countries putting economy above health

Pharmaceutical company Moderna announced positive results on Monday from the early stages of its trial for a potential vaccine and said it would continue on with the next stages.

Meanwhile, Secretary of Health and Human Services Alex Azar blasted the World Health Organization Monday during its two-day assembly. The WHO and China signaled support for an investigation into the handling of the response to the coronavirus pandemic in the early days of the outbreak. Appearing by video link, Azar criticized the WHO’s failures, saying it had cost “many lives.”

The U.S. has the largest coronavirus outbreak in the world by

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Stocks rebound Monday as Moderna’s coronavirus vaccine trial boosts optimism for economy

Stocks rebounded Monday from losses last week on optimism that the U.S. economy might start to recover from the coronavirus pandemic after drugmaker Moderna released promising early results for a vaccine. 

The Dow Jones industrial average soared 912 points to close at 24,597. The S&P 500 jumped 3.2%, erasing its losses from last week.

Shares of Moderna surged 20% after the biotechnology company reported encouraging phase one results for a potential COVID-19 vaccine in a small early stage clinical trial. It showed the production of antibodies to the virus in all of its 45 trial participants, Moderna said, a positive

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