On Monday, Pfizer announced that early testing trials from a coronavirus vaccine were 90 percent effective compared to a control group. The data from those trials were examined yesterday and discussed with government officials. It has fueled stock market booms, especially in the travel industry, which has been hard hit by the virus.
The pandemic has also affected the NBA and all professional sports significantly this year. Games can’t have fans in most circumstances. With news of a vaccine, that changes things in the months ahead.
Let’s assume the vaccine trial data is verified by the government and it’s ultimately approved for use.