tweet at 5:07pm: Moderna Vaccine Produces Antibodies In Early Trial $MRNA An mRNA Vaccine against SARS-CoV-2 — Preliminary Report https://t.co/sX9O8CHexeStocks Surge On Moderna Vaccine News Redux US equity markets are higher after-hours following news that Moderna’s potential COVID-19 vaccine produced immune responses in patients in the early stage trial, according to results published in a peer-reviewed journal for the first time. The US biotech company’s vaccine candidate produced antibodies in all 45 participants in the first cohort of the phase one trial run by the National Institutes of Health, while the paper said there were no safety problems that could curtail further trials. On May 18th we were told the headlines on this trial (on 8 patients)... this is the details of that study on the full 45 patients. video

Dear Madame Managing Director of the International Monetary Fund, Dear Kristalina, Ladies and gentlemen It gives me great pleasure to speak before you today – although for most of you only virtually, unfortunately, due to the coronavirus pandemic. Dear Kristalina, I’d like to thank you and the IMF very much for the invitation to give this year’s Michel Camdessus Central Banking Lecture. This is a great honour for me and for the Swiss National Bank. I have had the privilege of meeting Michel Camdessus, and hold him in high esteem as an impressive personality and a far-sighted decision-maker. Allow me also to pay tribute to you, dear Kristalina, for your strong leadership of the IMF at this critical juncture. The work of your institution is crucial for overcoming the current global crisis. The coronavirus pandemic presents the world with enormous challenges. In my speech today, I will focus on some of these challenges as they pertain to monetary policy in Switzerland. In recent years, the Camdessus Lecture has been given by central bank governors of large economies. These central banks shape glo tweet at 9:31am: SNB'S JORDAN SAYS EVEN THOUGH WE STILL HAVE SCOPE FOR FURTHER INTEREST RATE CUTS, THE FACT REMAINS THAT ONE CANNOT LOWER INTEREST RATES INDEFINITELY SAYS CORONAVIRUS HAS INCREASED UPWARD PRESSURE ON FRANC SAYS CHALLENGE WILL BE WHEN AND HOW QUICKLY TO NORMALISE POLICY tweet at 9:31am: #SNB's Jordan - Expansive policy now more necessary than ever: FX interventions and neg rates are essential. $CHF tweet at 9:33am: SNB’s Jordan: Further Scope For Rate Cuts - Still Need Expansionary Policy - FX Interventions Are An Essential Tool For SNB - Intervened ‘More Strongly’ In FX In Recent Months

The City of Philadelphia will not permit any large public events for the next several months as the COVID-19 pandemic continues. Action News has learned that order will be in ...