Global Markets: Third coronavirus vaccine in trials

By MarketsFarm

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– A third possible coronavirus vaccine is moving to the human trial stage of testing. China’s Sinovac Biotech, together with Brazilian vaccine producer Instituto Butantan, will conduct the study on roughly 9,000 healthcare workers in Brazil.

– The United States may consider banning the popular app TikTok and other Chinese apps, according to Secretary of State Mike Pompeo. TikTok is facing backlash over security issues and claims the app could be used to provide data to the Chinese government. India recently banned TikTok and other Chinese-based apps following a skirmish between the two countries along their border. TikTok maintains that it would never share data with China.

– Canadian Prime Minister Justin Trudeau has declined an invitation to meet with U.S. President Donald Trump at the White House this week. Cabinet meetings and the sitting of Parliament were cited in a statement from Trudeau’s office as reasons for not attending the meeting in Washington with Trump and Mexican President Andrés Manuel López Obrador. Concerns over traveling during the time of COVID-19 and recent proposals of new U.S. tariffs on Canadian aluminum and steel also likely factored into the decision, according to political analysts.

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