And the deal is worth over 44 billion in stock it combines two of the largest providers to wall street and so far 2020s largest dollar wise deal plus, youve seen it on squawk box gm and nikola announce a smaller deal on fuel cell systems doesnt involve equity and well get to more of it why those shares are down so sharply by the way, jim, great to have you back. A lot to catch up on that we missed talking with you about over the last few days as for moderna, another monday here, jim, with 100 on severe and more discussion that come spring we may have nearly ten of these things to choose from. A remarkable moment because it is true this is warp speed and warp speed is run by the army and going to go to longterm care facilities at the same time it is going to go to Health Care Workers and i think the good news here is it will go to a lot of people that no one thought they could get to very early you shotgun the entire level of when you include modrna and dont even talk about j j i think
Representative be waived onto their Committee Without objection so ordered. Welcome to our hearing on recent developments and i now recognize myself for an Opening Statement and then the Ranking Member. Does the chairwoman wish to have an Opening Statement . I will recognize her with your permission our colleague will also have an Opening Statement. The Postal Service is the crown jewel of the federal i government serving every household every day 630,000 brave individuals at every district and according to pew research 91 percent of americans have a favorable view of the Postal Service. Leaps and bounds above that of any other federal entity. During the coronavirus pandemic the Postal Service value is greater than ever as a formal component and serving as a linchpin nations responsee pandemic. Found 2020 harris poll that the Postal Service ranked as the most Important Company to americans during the pandemic because it is a constant in our lives. That ings companies it outranks compan
A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Mail, Committee Members asked witnesses about mr. Dejoys ownership of a company that contracted its services to the usps. The chair would ask without objection that ms. Debbie wassermanschultz i got it right here. Ms. Cooper and representative mary gay scanlon beor waived on the committee. Without objection, it is so ordered. I want to welcome everyone to s our hearings on recent developments regarding the Postal Service and i now recognize myself for an Opening Statement and i will recognize the Ranking Member for his Opening Statement. I have agreed is the chairwoman on . Does the chairwoman wish to have an Opening Statement . Ill recognize here with your permission after myself. O our colleague ms. Lawrence is going to issue have an Opening Statement. I will recognize if somebodyv on your side wants to have additional okay. That would be fine. The cr you justow let me know. Okay. Theit s Postal Service is the crowned jewel of our federal government. It emplo serves every household b
Biontech delivering millions of doses of a potential vaccine for covid19. Well kick it off with Edward Lawrence in washington. Reporter melissa, very big news for pfizer and the vaccine. We could have three vaccines in circulation by end of the year. First one by astrazeneca, they hope by october. Moderna and pfizer follow by the end of the year. The governor of connecticut toured a pfizer plant in his state. Senior Vice President for drug safety and development for that facility says pfizer focused on doing the next studies and getting that data to the fda for a safe and effective vaccine. Governor ned lamont says it will be widely distributed. Listen. We continue to hit the metrics we need. We continue to get the fda approvals. We continue to do this safely. We have a real opportunity by end of this year to be able to go to cvs or the local pharmacy to get a Covid Vaccine just like you get a flu vaccine. Reporter a clue how governors think the vaccine could be widely distributed, wit