The coronavirus pandemic defined 2020, upending our lives and bringing unprecedented shocks to markets and investors. Next year, however, is looking a whole lot brighter.
Make no mistake: As we cross into the new year, the virus is still raging, with new infections near peaks in the U.S. and much of Europe, where millions of people are living under strict lockdowns.
The much-heralded rollout of the Covid-19 vaccines isn’t going as smoothly as hoped. The U.S. is expected to miss President Donald Trump’s target to inoculate 20 million Americans by year-end. In the European Union, there is squabbling among member states over who gets how many vaccines and when.
Dec. 30, 2020 8:00 am ET Order Reprints Print Article
U.K. Prime Minister Boris Johnson with a vial of the AstraZeneca/Oxford University Covid-19 vaccine. (Photo by Paul Ellis - WPA Pool/Getty Images) Getty Images Text size
AstraZeneca’s Covid-19 vaccine was approved by U.K. regulators Wednesday but the approval doesn’t look likely to change market skepticism about the company.
The vaccine developed by AstraZeneca along with Oxford University became the second to be approved for distribution by the U.K. The news was greeted with muted enthusiasm by investors, who sent the share up a modest 0.1% in London trading.
According to Reuters,
Apple, the world’s most valuable company, is planning to make a battery-powered self-driving car. That sounds a lot like what
Tesla, the world’s most valuable auto maker, does.
Apple has been toying with the idea of a car since 2014 think of it as an iPhone on wheels but a finished product hasn’t emerged. This planned version of the iCar is slated to hit the streets by 2024.
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Apple and Others Are Coming for Tesla Published: Dec. 22, 2020 at 8:07 a.m. ET By
Is Apple jealous?
According to Reuters, Apple, the world’s most valuable company, is planning to make a battery-powered self-driving car. That sounds a lot like what Tesla, the world’s most valuable auto maker, does.
Apple has been toying with the idea of a car since 2014 think of it as an iPhone on wheels but a finished product hasn’t emerged. This planned version of the iCar is slated to hit the streets by 2024.
Investors might wonder why Apple wants to be a car company at all. Car companies make less money, are more cyclical, and trade at terrible valuation multiples. But that was before Tesla, which trades at more than 13 times estimated 2021 sales. Apple trades for just 6 times that number.