Race against time

The Biden administration is supporting a move by Pfizer to begin exporting U.S.-made doses of the coronavirus vaccine it makes in partnership with BioNTech as the White House seeks to further assist shot-starved nations, racing against time as the virus mutates and variants spread. At home, the Food & Drug Administration is reportedly ready to authorize use of the shot on adolescents 12-to-15 years old, a highly anticipated advance in America’s slowing vaccination campaign. David E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America

Here are today’s top stories 

BioNTech rose as much as 10% on Monday as the stock rallied past $200 a share at the open, breaking yet another record.

Ugur Sahin and Özlem Türeci, whose company BioNTech is behind the successful coronavirus vaccine made in partnership with Pfizer.

Photograph: Courtesy of BioNTech SE 2020

Most indoor Covid-19 capacity restrictions will be lifted across New York, New Jersey and Connecticut, while 24-hour subway service will resume in New York City as lower virus rates and increasing vaccinations help move the region toward some semblance of normalcy.

Much of the rest of the world however continues to be devastated by the latest wave of the coronavirus and its variants. Daily deaths in India hit a record 3,689 on Sunday, while in Brazil, where thousands die each day from the pathogen, authorities are prioritizing the vaccination of pregnant women, as the number of maternal deaths grows. Here is the latest on the pandemic.

Verizon agreed to sell its media division to Apollo Global Management for $5 billion, a move that will jettison brands like AOL and Yahoo. Still, the unit will be known as Yahoo and Verizon will keep a 10% stake. 

The U.S. Treasury more than quadrupled its borrowing estimate for the quarter through June, and expects to need some $1.3 trillion over the second half of the fiscal year to help pay for a raft of fresh pandemic-relief spending.

Lumber roared to a fresh record high on Monday, with traders in bidding wars after the Chicago Mercantile Exchange removed limits on how high some futures prices could go.

Facebook plans to announce whether it will reinstate Donald Trump’s account after the Republican was banned for his role in the runup to the deadly Jan. 6 attack on Congress by white supremacist groups and other Trump followers.

Photographer: Jim Lo Scalzo/EPA

Photographer: Jim Lo Scalzo/EPA

What you’ll need to know tomorrow 

What you’ll want to read in Bloomberg Green

Global Deal to Save Ocean Fish at Critical Mass

Currently, some 34% of global fish populations are overexploited. The pace of overfishing threatens an unprecedented global hunger crisis and ecological disaster. Now, a major World Trade Organization deal is close to completion, one that could start to reverse the damage being done by governments that subsidize overfishing. The only problem is that some of those nations are trying to water the deal down.

Boats set sail in August 2020 after a three-month fishing ban on the East China Sea.

Photographer: Yao Feng/VCG/Getty Images

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