US posts record 200k Covid-19 cases in a day

The United States on Tuesday registered a record 200,000 new Covid-19 cases in one day, highlighting the desperate need for a vaccine after results from one medical trial fuelled optimism around the world. The vaccine news brought some relief from an otherwise grim picture, with tighter restrictions imposed in Europe and the Middle East, and a surge in the US claiming 1,535 lives in 24 hours. Stocks in some industries hit hardest by travel curbs, social distancing and lockdowns rebounded on hopes that the world may return to normal, after pharma giant Pfizer and its German partner BioNTech announced Monday that their vaccine candidate was 90 percent effective. A vaccine is seen as the best...