Disney Stock Surges on COVID-19 Vaccine News

|

|

Pfizer has announced that their vaccine is more than 90 percent effective at preventing infection. As a response Disney stocks surged by more than 10% in pre-market trading to more than $140 per share.

“Today is a great day for science and humanity,” Albert Bourla, Pfizer’s chairman and chief executive, said in a statement. “We are reaching this critical milestone in our vaccine development program at a time when the world needs it most with infection rates setting new records, hospitals nearing over-capacity and economies struggling to reopen.”

The news does not mean that a vaccine will be widely available yet, but Pfizer predicts having 1.3 billion doses in 2021.

Disney Parks have been hit hard by the COVID-19 pandemic, with Disneyland even being prevented from reopening by California Governor Gavin Newsom. In Orlando, Walt Disney World reopened in July, but with capacity restrictions, a greatly reduced entertainment lineup, and social distancing and safety protocols in place such as mandatory mask usage.

As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news, photos, and info from around the Disney Parks!

Have a Story Tip? Contact Us!

More Articles

Related

Disney Experiences Enjoys Record $9.5 Billion in Revenue for Q2 2026

The Walt Disney Company has announced its 2026 Q2...

Disney CEO Josh D’Amaro Confirms Layoffs

Following a report that Disney was looking to cut...

Disney Reportedly Begins Fighting Back Against Upcoming Unauthorized Bob Iger Biography

A new report from Puck News says that Disney...

Report: Disney Planning To Lay Off 1,000 Employees Under New CEO Josh D’Amaro

A new report from the Wall Street Journal says...

Disney, Miral Reinforce Commitment to Disneyland Abu Dhabi Theme Park Amid Iran War

As tensions in the Middle East continue to escalate...