The shots were generally better tolerated by people over 64 who are also among the most vulnerable to the disease than for younger people.
A handful of people experienced rare side effects like intractable nausea or vomiting and facial swelling, the FDA said.
Israeli entrepreneur and Waze co-founder Uri Levine told CNBC the region’s next unicorn is likely to come out of the United Arab Emirates.
Waze, a traffic and navigation app, was acquired by Google in June 2013 for more than $1.1 billion.
Levine is visiting Dubai for the first time as leaders in Israeli technology, business and government look for reciprocal growth opportunities following the deal to normalize ties.
Mark Zuckerberg threatened to pull investment in the U.K. in a private meeting two years ago.
The meeting was with Matt Hancock, who was then the U.K. government’s secretary for digital, culture, media and sport.
Zuckerberg said he supported the U.K.’s decision to regulate the internet but he was “worried about the tone.”
The U.K. left the EU in January but it agreed to keep the same standards and regulations until the end of the year, so both would have time to develop new trading arrangements.
However, this transition period ends in three weeks and there are serious concerns they will not have a new agreement ready by then.
Societe Generale expects an extension of the ECB″s bond-buying program until December 2021, with an extra 600 billion euros in total, alongside a new financing program for banks.
The Bank of International Settlements has advised central banks that doing too much is better than doing too little.
The ECB also has to get inflation back to its target of close to but below 2%.
The volatile negotiations come amid the worst days of the coronavirus pandemic so far. More than 200,000 Americans are testing positive for the coronavirus every day on average, according to a CNBC analysis of Johns Hopkins University data.
Read MoreThe FDA said data from Pfizer’s Covid vaccine trials show that side effects are common, though there are “no specific safety concerns identified that would preclude issuance of an” emergency use authorization.
Trial participants in the Moderna and Pfizer studies told CNBC they developed more significant symptoms following the second dose.
The U.K. was the first country in the world to approve Pfizer and BioNTech’s groundbreaking coronavirus vaccine on Wednesday for widespread use.
Now the hard work begins to deliver a vaccination program nationwide.
Prime Minister Boris Johnson and other top officials say the task ahead of them will be “difficult” and “challenging.”
Mortgage applications to purchase a home jumped 9% last week from the previous week and were 28% higher annually, according to the Mortgage Bankers Association.
Applications to refinance a home loan fell 5% for the week, but were an impressive 102% higher than a year ago.
India’s gross domestic product in July-September quarter contracted 7.5% on year, data released by the National Statistical Office on Friday showed, compared to a decline of 23.9% in the previous three months.
Analysts in a Reuters poll had forecast an 8.8% contraction in the lastest period.
The Dow and S&P 500 rose 2.2% and 2.3%, respectively, for the week. The Nasdaq, meanwhile, posted a weekly gain of nearly 3%. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time and hit an all-time high.
Read MoreForty-nine percent of travelers would be willing to travel after a proven Covid vaccine is released, a recent study found.
Many travel industry insiders urge caution but do think a rebound could be in sight should mass vaccination prove effective.
While personal practices like mask wearing and social distancing may fade with time, other industry wide changes introduced during the pandemic will likely prove durable.
Stocks are set to close out November with some of the biggest gains ever, thanks to positive news on vaccines.
The week ahead includes some important data, including November’s employment report on Friday.
The rotation into cyclicals and value is expected to continue, but some strategists say tech, which lagged in November, could pick up some momentum.
Silk Road, an online black market on the dark web, allowed people to sell drugs and other illegal goods.
About $1 billion worth of bitcoin believed to have originated from the site was moved out of a bitcoin wallet, according to Elliptic.
The blockchain analysis firm says it’s not clear whether Silk Road’s jailed creator, Ross Ulbricht, is behind the transaction.
Dr. Albert Bourla, chairman and CEO of Pfizer, hailed the trial results as a “great day for science and humanity.”
Pfizer and BioNTech said the case split between vaccinated individuals and those who received a placebo indicated a vaccine efficacy rate of above 90% at seven days after the second dose.
It means that protection from Covid-19 is achieved 28 days after the initial vaccination, which consists of a two-dose schedule.
According to a survey by the Center for New Middle Class, there was a 25% drop in the number of baby boomers who said they are self-employed or own their own business in the second quarter.
That impact could have significant repercussions for the economy at large considering that baby boomers own nearly half of privately-held businesses with employees in the U.S., according to Project Equity.
That’s 2.34 million businesses with 24.7 million employees and $5.1 trillion in sales, according to the U.S. Census Bureau.
The number of new daily coronavirus cases recorded in the U.S. surpassed 100,000 for the time, according to a tally by Johns Hopkins University.
The data showed that 102,831 new Covid-19 infections were recorded Wednesday, up from 91,530 cases on Election Day.
Hospitalizations are surging in several states, too.
The 30-stock Dow closed 834.57 points higher, or 2.95%, to close at 29,157.97 for its biggest one-day gain since June 5. The average hit an all-time high earlier in the session, rising nearly 5.7%, or more than 1,600 points at one point. The S&P 500 popped 1.2% to 3,550.50 and also reached an intraday all-time high. The small-cap Russell 2000 index gained 3.7%. However, the Nasdaq Composite closed lower by 1.5% at 11,713.78 as traders rotated out of high-flying technology names that outperformed during the pandemic into more beaten-down value stocks.
Read MoreAlong with maintaining its main lending rate at 0.1%, the Bank of England’s Monetary Policy Committee (MPC) voted to expand its target stock of U.K. government bond purchases to £895 billion.
With cases spiking in the country once again, Prime Minister Boris Johnson’s government has announced a new lockdown, running from Thursday to December 2.
Bitcoin was last trading almost 9% higher at a price of $15,233, according to data from industry website CoinDesk.
The world’s best-known cryptocurrency has been on a tear in 2020, more than doubling in value year-to-date.
Some analysts have linked its rise to unprecedented stimulus from global governments and central banks.
