A vaccine? Travel stocks to lift on successful drug trial

Tue, 10 Nov 2020

Successful data from a late-stage covid-19 vaccine trial will give beleaguered travel stocks including Air New Zealand and Auckland International Airport a lift, as well as companies with direct exposure to foreign visitors like SkyCity Entertainment Group.Wall Street — already pushing higher on Joe Biden’s win — jumped when US drugmaker Pfizer and its German partner BioNTech said data from the large-scale trial of their vaccine showed it was more than 90 percent effective in preventing covid-19.“We are reaching this cri...

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