vaccine economy Coronavirus

Asian shares follow Wall St lower as traders mull Biden plan

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coronavirus plan would include $1,400 checks for individuals, on top of $600 provided in the last COVID-19 bill. The plan would also extend a temporary boost in unemployment benefits and a moratorium on evictions and foreclosures through September.

It also provides funds for a mass vaccination campaign and a major expansion of local public health efforts. Markets have been mostly charging higher recently amid growing optimism that the rollout of coronavirus vaccines will set the stage for a big rebound for the economy and corporate profits later this year.

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