Brazilian markets soar with encouraging vaccine news

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Sumary of Brazilian markets soar with encouraging vaccine news:

  • The Brazilian stock exchange Ibovespa is set for a stellar opening today, as Ibovespa futures jumped 3.6 percent after news that Pfizer and BioNTech potential Covid-19 vaccine BNT162b2 showed 90-percent efficiency in tested patients..
  • Good news about potential vaccine An independent report on late-stage Pfizer vaccine trials showed an efficacy rate of above 90 percent seven days after a second dose..
  • Pfizer and BioNTech said that no serious safety concerns have been observed among the studies’ 43,538 participants, but additional efficacy and safety data are still being collated…

Based on projections, the companies expect to supply up to 50 million doses globally in 2020, and manufacture up to 1.3 billion doses in 2021.

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