McDonald's launches new growth strategy; beats profit estimates

McDonald's Corp said on Monday it would test a loyalty program for customers and launch a new crispy chicken sandwich next year as it refocuses its long-term strategy to look beyond the COVID-19 pandemic.

Hyundai looks ahead to new SUVs in 2021 - and urban air taxis by 2028

South Korean automaker Hyundai Motor Co is supercharging its product portfolio next year with the introduction of several new SUVs, while looking even farther out to the launch of its first urban air taxis toward the end of the decade, the company's top U.S. executive said on Monday.

Oil soars 8% on promising COVID-19 vaccine results

Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine.

'Great day for humanity': Pfizer says COVID-19 vaccine over 90% effective

Pfizer Inc's experimental COVID-19 vaccine is more than 90% effective based on initial trial results, the drugmaker said on Monday, a major victory in the war against a virus that has killed over a million people and battered the world's economy.

Highlights: Pfizer COVID-19 vaccine news delivers hope around the globe

News that Pfizer Inc's experimental COVID-19 vaccine is more than 90% effective based on initial trial results renewed hope on Monday among world leaders, scientists and global investors that the battle against a pandemic that has killed over a million people could be won.

Biden says vaccine approval process must be guided by science

President-elect Joe Biden on Monday said a coronavirus vaccine approval process must be guided by science so the public can have confidence it is safe and effective, warning that the United States is still facing a very dark winter and that a vaccine likely won't be available for months.

Britain hardens climate disclosures for listed companies

Companies listed on the London Stock Exchange will have to improve disclosures on the risks they are facing from climate change from January, Britain's financial watchdog said on Monday.

China should expect no reprieve from Trump measures under Biden: analysts

When he enters the White House in January, Joe Biden will likely stick with the Trump administration's harsh policies toward Chinese tech giants like Huawei Technologies, bowing to anti-China sentiment among U.S. lawmakers from both parties.

Wall Street reaches all-time high, Treasury yields soar on vaccine promise

The S&P 500 and the Dow followed world equity indexes to record levels and U.S. Treasury yields surged on Monday, as promising developments toward a coronavirus vaccine and the prospect of improved trade relations under President-elect Joe Biden gave a jolt to investor risk appetite.

Wall Street hits record highs as vaccine trial results raise hopes

Wall Street's three major indexes hit record highs on Monday as the first positive data from a late-stage COVID-19 vaccine trial prompted hopes that an economic recovery from the pandemic-driven crisis was finally in sight.

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