Americas top stories: weekly summary

ICIS Editorial

23-Nov-2020

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 20 November.

Crude values, US chem shares jump on news of Moderna’s coronavirus vaccine
US drug maker Moderna announced positive results on Monday from its phase 3 trials on a vaccine for the coronavirus, which boosted global oil prices and most shares of US-listed chemical companies.

Canada’s Quebec bets on EVs, plans to ban sale of new gasoline cars
The government of Canada’s Quebec province plans to ban the sale of new gasoline-powered cars, beginning in 2035.

Pfizer to seek emergency use authorisation for coronavirus vaccine from US FDA ‘within days’
US pharmaceutical major Pfizer and German partner immunotherapy specialist BioNTech, announced on Wednesday that a safety milestone has been reached for a coronavirus vaccine.

Pandemic-induced container shortage pressures freight rates from Asia to US, LatAm
Efforts to stop the spread of the coronavirus (Covid-19) across the globe have disrupted normal trade patterns, causing delays and contributing to higher freight rates from Asia, largely because of a shortage of shipping containers in major export ports.

US Senate run-offs will likely determine success of Biden administration’s agenda – economist
The results of two US Senate run-off elections in Georgia in January will likely determine how much of president-elect Joe Biden’s agenda his administration will be able to accomplish, an economist said on Friday.

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