Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Markets] Gold prices tumbled after investors fled safe-haven assets like gold following the Pfizer coronavirus vaccine's announcement. Despite this, prices remain close to all-time highs above $2,000, reached earlier this year.
[Markets] The 30-stock Dow Jones Industrial Average slid 113 points, or 0.4%, while the S&P 500 dipped 0.2%, as coronavirus cases in the U.S. continue to rise. Over60: CNBC
[Pharmaceuticals] Pfizer CEO Albert Bourla joins the ranks of other executives of pharmaceutical companies manufacturing a COVID-19 vaccine who have offloaded large amounts of personal shares at their respective companies. The move has drawn scrutiny from investors as Pfizer's shares fell 1.99% on Thursday.
[Economy] U.S. initial unemployment claims fell slightly last week to 709,000, down from 757,000 the previous week. More than seven million Americans still receive unemployment benefits as the country's economy struggles with the pandemic.