By Samuel Indyk
Investing.com – Travel and leisure stocks were outperforming in the UK on Tuesday after the US Food and Drug Administration (FDA) fully approved Pfizer (NYSE:) and BioNTech’s (NASDAQ:) Covid vaccination. It is the first jab to be fully licenced after previously receiving Emergency Use Authorization (EUA).
Approval of the vaccine is expected to lead to greater take-up amongst US citizens. A recent survey by the Kaiser Family Foundation found that 31% of unvaccinated people said they were more likely to get vaccinated if the FDA gave full approval to vaccines, according to Bloomberg News.
Separately, many companies and organisations are expected to introduce vaccine mandates. The US military set this off, saying they would require all 1.3 million active-duty troops to get vaccinated.
Travel & Leisure shares jump
Shares in stocks jumped following the news. Cineworld (LON:) – which has operations in the