Germany virus vaccine economy Germany

Asian shares extend gains after more Wall Street records

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mass vaccination program, U.S. health regulators issued a positive initial review of a COVID-19 vaccine developed by U.S. drugmaker Pfizer and Germany’s BioNTech.

The Food and Drug Administration will meet Thursday to determine whether to green-light the distribution of that vaccine. Wide distribution of the shot is likely months away.

The S&P 500 picked up 10.29 points to 3,702.25. The Dow Jones Industrial Average gained 0.4% to 30,173.88. The tech-heavy Nasdaq added 0.5% to 12,582.77, marking its fourth straight record high.Small-company stocks rose much more than the rest of the market, a signal that investors are feeling more optimistic about the economy.

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