⏱Wall Street Wilts
One shot vaccine, and Nobel Peace Prize nominations
Good morning everyone, and welcome to the best part of the week- Saturday!
0:03- One shot to end it all
Yesterday Johnson & Johnson announced that its Covid vaccine was 72% effective at protecting the average person from “moderate to severe” disease in the clinical trial. Although this number is much lower than Pfizer’s or Moderna’s, the vaccine itself is much easier to transport, only one shot is required to be protected, and side effects were much less intense and common compared to the other vaccines available. William Schaffner, a preventative medicine professor at Vanderbilt said the vaccine would excel at getting us “through the bottleneck that we’re in at the present time.”
0:29- Wall Street Woes
After a rather crazy and tumultuous week on Wall Street, the final numbers weren’t pretty for the overall stock market as it reported its worst week since October, with the S&P falling 1.9% yesterday alone. This decline of course was the result of the short squeeze caused by Reddit traders driving the price of stocks such as $GME, $AMC, and $BB up, causing hedge funds to lose more than $19Bn in the process.
0:49- A rather unique set of nominations
Yesterday the Norwegian MP, Petter Eide, nominated the Black Lives Matter movement for the 2021 Nobel Peace Prize by saying that, “They have had a tremendous achievement in raising global awareness and consciousness about racial injustice.” On the other hand, former US President Donald Trump was also nominated for the prize by coincidentally another Norweigen MP, Christian Tybring-Gjedde, for his work in “normalising relations between Israel and the United Arab Emirates.” A short list for the nominations will be released in March, and the award will be given in December.
1:13- X-treme situations can’t stop the X-Games
The X-Games kicked off yesterday in Aspen, CO, and if you’re interested you can check out the schedule here, however that isn’t the real story. Reportedly, ESPN is looking at selling the competition, as TV businesses have continued to take hits from the rise of streaming services. If you’re interested in purchasing the “rad” asset, broadcasting rights will run you $100M, and the IP will cost only $50M!
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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