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Oil Rallies as Twin Hurricane Threat Disrupts U.S. Production

(Bloomberg) — Oil rose on Monday as a twin storm front threatened major disruption to oil operations in the Gulf of Mexico, while ongoing concerns over the economic impact from the pandemic kept gains in check.Futures for October in New York rallied as much as 0.8%, after falling 1.1% on Friday. More than half of U.S. Gulf of Mexico production was shut down as of midday Sunday as the region prepared for two approaching hurricanes. The systems, Marco and Laura, are coming from different directions and have the potential to cause billions of dollars in damage.The U.S. recorded less than …read more […]

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Pfizer-BioNTech Covid-19 Candidate Shows ‘Positive’ Data; Analyst Sticks To Hold

Pfizer Inc. and BioNTech SE disclosed “positive” data from an early trial of their BNT162b2 mRNA-based vaccine candidate against SARS-CoV2 and confirmed that they were on track to seek regulatory review as early as October.The news drove BioNTech (BNTX) shares up 10% on Friday, while Pfizer rose less than 1% at the close of day.Pfizer (PFE) and BioNTech shared additional Phase 1 safety and immunogenicity data from their ongoing US study of the BNT162 mRNA-based vaccine program against Covid-19.The newly released data shows key safety and immunogenicity data from the US Phase 1 trial for the BNT162b2 vaccine candidate, which …read more […]