ASX 200 rises again on Tuesday 17 November// Motley Fool Australia

The S&P/ASX 200 Index (ASX: XJO) went up again today, rising by 0.2% to 6,498 points.

Another promising vaccine

US company Moderna has said that its COVID-19 vaccine is 94.5% effective. The effectiveness rate is similar to the Pfizer rate of 90%.

However, a key difference is that Moderna’s vaccine can be stored at regular fridge temperatures for many weeks, which will help with its distribution. Pfizer’s vaccine has to be stored at around minus 80C.

Dr Fauci, a leading American infection specialist said: “The vaccine is really the light at the end of the tunnel”.

The company thinks it will have enough required safety data by next week and will then apply for emergency use authorisation before the end of the…