Fresh hopes for a coronavirus vaccine boosted the combined market value of the"big four" US airlines by more than $5 billion on Monday.
Drugmaker Moderna said that it safely tested an experimental vaccine on eight people and found it stimulated a promising immune response. The good news sent American Airlines stock up 9%, Delta Air Lines and Southwest Airlines stock up about 13%, and United Airlines stock up 21%. However, the stock prices of all four carriers are still down more than 50% this year as the pandemic continues to hammer the airline industry.Investors celebrated Moderna's progress towards creating a coronavirus vaccine by adding more than $5 billion to the market capitalizations of the"big four" US airlines on Monday.that it safely administered the vaccine to eight healthy people in a trial, and all eight showed a promising immune response.
A Québec company (Medicago) announced similar results five days ago and nothing happened. Because under DJT, no foreign vaccines will be used in the US.
Just realized Medicago had the same news last week, a successful vaccine in first tests. Nobody heard. Of course it's a Quebec company. 5 days later a US company days the same, stocks go crazy.
Those deficient in Vitamin D were 19 times more likely to die from COVID-19. If the underlying problems are nutrition and lifestyle, then vaccines may be of little value.
Boeing another 13%
Airlines need about 40 more such 'Moderna bumps', and the demand to support it.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »