<p>Pfizer stock surged higher Monday prior to the opening of Wall Street trading after the company announced its vaccine is "90 percent effective" against Covid-19 infections.</p>.<p>The news cheered markets worldwide, especially as coronavirus cases are spiking, forcing millions of peple back into lockdown.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/wall-street-breaks-records-at-open-on-covid-19-vaccine-news-dow-jones-climbs-over-5-913474.html" target="_blank">Wall Street breaks records at open on Covid-19 vaccine news; Dow Jones climbs over 5%</a></strong></p>.<p>Pfizer shares jumped 15 percent around 1355 GMT after Pfizer and BioNTech announced Monday morning that ongoing Phase 3 trials showed the success of the vaccine, in the last stage before it can seek approval from authorities to distribute the preventative.</p>
<p>Pfizer stock surged higher Monday prior to the opening of Wall Street trading after the company announced its vaccine is "90 percent effective" against Covid-19 infections.</p>.<p>The news cheered markets worldwide, especially as coronavirus cases are spiking, forcing millions of peple back into lockdown.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/wall-street-breaks-records-at-open-on-covid-19-vaccine-news-dow-jones-climbs-over-5-913474.html" target="_blank">Wall Street breaks records at open on Covid-19 vaccine news; Dow Jones climbs over 5%</a></strong></p>.<p>Pfizer shares jumped 15 percent around 1355 GMT after Pfizer and BioNTech announced Monday morning that ongoing Phase 3 trials showed the success of the vaccine, in the last stage before it can seek approval from authorities to distribute the preventative.</p>