DAILY BRIEF—Moderna Inc.’s Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, federal researchers said, clearing an important milestone. The findings will raise hopes that a vaccine can be brought to market quickly, though there is some caution as a number of patients in the trial experienced side effects, with some of them severe.
The euro has been in demand in early European trade Wednesday, hitting a four-month high after Federal Reserve Governor Lael Brainard hinted at a need for an even easier monetary policy in the U.S. The euro has been helped by hopes the European Union could agree at its summit later this week on a rescue financing package that will limit the economic damage to the bloc from the coronavirus pandemic.
