Publication of FDA review shows Pfizer vaccine almost certain to get emergency use authorization on Thursday

Publication of FDA review shows Pfizer vaccine almost certain to get emergency use authorization on Thursday

A 53-page review published as a Food & Drug Administration briefing document today confirms that the vaccine from Pfizer (PFE) and BioNTech (BNTX) meets the agency’s standards for emergency use authorization. On Thursday, a group of advisers to the FDA will meet for a full-day public meeting to discuss the data and make recommendations on whether the vaccine merits authorization for immediate use. A decision, informed but not dictated by that meeting, is expected from the FDA within days of the meeting. The first doses are expected to be shipped immediately after FDA approval with a target of 6.4 million doses distributed in the first week.

Nevada puts new coronavirus restrictions on Las Vegas casinos–but so far MGM Resorts stock gains

Nevada puts new coronavirus restrictions on Las Vegas casinos–but so far MGM Resorts stock gains

Saying on Sunday that the coronavirus surge in Nevada is running at wildfire levels, Governor Steve Sislak announced new restrictions to start on Tuesday and that will run for three weeks. The new rules will require casinos, amusement and theme parks, arcades, bars, and restaurants to reduce their capacity to 25% from the current 50%. What I think is most interesting to investors, though, is the reaction of stocks with Las Vegas exposure to the news.