Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Dogukan Keskinkilic/Anadolu Agency via Getty Images

Pfizer said on Wednesday that its coronavirus vaccine is 95% effective and has no serious side effects.

The state of play: The company said they have enough safety data now and plan to request an emergency use authorization from the Food and Drug Administration "within days."

  • If the F.D.A. authorizes the vaccine, Pfizer has said that it could have up to 50 million doses available by the end of the year, per the New York Times, but initially only about half of those doses will be available to Americans this year.
  • The announcement comes just days after Moderna announced its vaccine was 94.5% effective at preventing infections.

Why it matters: With coronavirus cases surging in the U.S., Americans remain hopeful that there could be two vaccines in distribution before the New Year.

Details: The pharmaceutical company said the vaccine prevented mild and severe forms of the virus, and was 94% effective in older adults.

  • By the numbers: Pfizer counted 170 coronavirus cases among its trial volunteers, with 162 infections in people who got placebo, and eight cases in participants who received the actual vaccine.
  • The data from the company thus far has not been peer-reviewed but they said they will submit to a peer-reviewed study in a scientific journal once the trial is complete.

🎧 Go deeper: Axios Re:Cap interviews Pfizer CEO Albert Bourla.

Go deeper

10 hours ago - World

Putin says Russia will begin large-scale COVID-19 vaccination next week

Photo: Sean Gallup/Getty Images

Russian President Vladimir Putin said Wednesday that he has directed officials to begin large-scale vaccination against COVID-19 as early as next week, according to state media.

Why it matters: Russia, which has the fourth-largest coronavirus caseload in the world with more than 2.3 million infections, would be the first country to begin mass vaccination. Experts have criticized the lack of scientific transparency around the vaccine and the haste with which the Kremlin approved it.

12 hours ago - Sports

The end of COVID’s grip on sports may be in sight

Illustration: AĂŻda Amer/Axios

Packed stadiums and a more normal fan experience could return by late 2021, NIAID director Anthony Fauci said yesterday.

Why it matters: If Fauci's prediction comes true, it could save countless programs from going extinct next year.

18 hours ago - Health

Fauci: U.S. could have herd immunity by the end of summer 2021

National Institute of Allergy and Infectious Diseases director Anthony Fauci at the White House in November. Photo: Tasos Katopodis/Getty Images

NIAID director Anthony Fauci said Tuesday the U.S. could achieve herd immunity to COVID-19 by the end of next summer or fall if there's a "good uptake" of Americans vaccinating against the virus.

Driving the news: Fauci said during an online video conversation with Colorado Gov. Jared Polis (D) he expects the general population to have access to the vaccines U.S regulators are now considering by April.