Weekly Market Snapshot – December 7th, 2020
Created by: Sam Tenney
- As of Friday, December 11th, the FDA has approved the first emergency use vaccine for the Covid-19 disease. The Pfizer developed vaccine will be available in the US for immediate distribution to essential workers such as hospital employees. ¹
- On Sunday, December 13th, a reported security breach in the IT company SolarWinds allowed a foreign government to access US treasury and commerce networks among other institutions. As of Monday, the government has asked all affected departments to turn off their network systems until a solution is found. ²
- As of January 11th, 2021, an Executive order from the White House will ban US citizens from the trade of 31 Chinese securities that have been deemed “Communist Chinese military companies”, including China mobile and China telecom. ³
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