Vaccines on the Way - Markets Tepid
While the Centers for Disease Control and Prevention approved for use the Pfizer-BioNTech’s Covid-19 vaccine for people 16 years and older the markets are tepid. The social distance requirements and people working from home as well as shopping, visiting online and attending school remotely, have allowed cloud companies to have an exceptional year.
The first vaccines should start on Monday. Palantir (PLTR), which has been on fire since its IPO is supporting the rollout as is UPS and FedEx as part of the supply chain and logistics taking on the delivery of millions of doses of the vaccine across the United States.
The Centers for Disease Control and Prevention has said the shots should go to front-line health-care workers and residents at long-term care facilities first, where the virus has taken toll. With the Holiday season upon us is will be a tight competitive race between continued social distancing and the wait for the entire population to be vaccinated.