US Stocks rose slightly yesterday, eking out another record closing high, as traders digested the latest developments surrounding a new round of U.S. fiscal stimulus negotiations.
The U.K. became the first Western nation to grant emergency-use authorization for a Covid-19 vaccine, clearing a shot developed by Pfizer and BioNTech to be distributed within days. The two-shot vaccine is also being reviewed by the FDA here in the U.S., where a similar authorization could come later this month and a rollout before the end of the year.
American Airlines is flying its employees, including top executives, and reporters on their Boeing 737 Max planes this week in hopes of boosting confidence in the jetliners that were grounded for 20 months after two crashes that killed 346 people. The FAA lifted their ban on the planes on Nov. 18, clearing airlines to start flying the jets again.
The Oregon Employment Department estimates that 70,000 Oregonians could lose their unemployment benefits on Dec. 26 when Pandemic Unemployment Assistance (PUA) and a separate program that offers extended benefits to those that have exhausted their regular unemployment expire.
With Northwest Quadrant Wealth Management, I’m Tyler Simones.