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Pfizer says its coronavirus vaccine is more than 90% effective

Pharmaceutical giant Pfizer announced Monday that its coronavirus vaccine trial was effective in preventing COVID-19 infections in 90% of previously uninfected people and did not produce any serious safety concerns.

Why it matters: Should the results bear out, it would potentially a huge breakthrough in the fight against the coronavirus pandemic.


  • Pfizer said it will go to the FDA by the end of the month for an emergency use authorization.

By the numbers: Pfizer, who developed the vaccine with German pharmaceutical company BioNTech, says that they have enrolled "43,538 participants to date, 38,955 of whom have received a second dose of the vaccine candidate as of Nov. 8, 2020."

  • "The trial is continuing to enroll and is expected to continue through the final analysis when a total of 164 confirmed COVID-19 cases have accrued."

Worth noting, per the N.Y. Times: The company "released only sparse details" from the trial, and scientists "have cautioned against hyping early results before long-term safety and efficacy data has been collected."

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SPAC avalanche has good outcome for public markets, economy

An avalanche of special purpose acquisition companies — better known as SPACs — raised capital this year to help startups bypass the lengthy and difficult IPO process.

Why it matters: Having more public companies is widely viewed as healthy for the markets and for the American economy, even if the SPAC path elicited skepticism and accusations of froth.

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Earth's hottest month featured extreme heat, drought and wildfires

Reproduced from NOAA; Chart: Connor Rothschild/Axios

July was the hottest month on record worldwide, according to the National Oceanic and Atmospheric Administration (NOAA).

Why it matters: When it comes to establishing new climate milestones, the Earth is on a roll, thanks in large part to the burning of fossil fuels for energy, as well as deforestation.

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Pelosi urges White House to reinstate expired eviction moratorium

House Speaker Nancy Pelosi (D-Calif.) is urging President Biden and his administration to renew and extend the eviction moratorium after the House failed to secure enough votes to pass legislation to prevent its lapse.

Why it matters: Millions of tenants across the country face the threat of eviction after the moratorium expired this weekend.

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Wildfires in the U.S., Canada and Siberia are burning at an unusual intensity for mid-July

Data: Mark Parrington/Copernicus Atmosphere Monitoring Service; Chart: Connor Rothschild/Axios

Wildfires burning across parts of the U.S. and Canada are burning unusually intensely and emitting larger amounts of carbon dioxide into the atmosphere than usual during mid-summer, scientists say. Massive blazes in Siberia are also adding more greenhouse gases to the atmosphere, while contributing to local air pollution.

Why it matters: The fires are thriving in areas experiencing extreme heat and drought conditions. They are both a consequence of climate change and an accelerant of global warming.

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