Business
Pfizer says COVID-19 vaccine is looking 90% effective
Published
6 years agoon
Pfizer said Monday that an early peek at the data on its coronavirus vaccine suggests the shots may be a surprisingly robust 90% effective at preventing COVID-19, putting the company on track to apply later this month for emergency-use approval from the Food and Drug Administration.
The announcement, less than a week after a presidential election that was seen as a referendum on President Donald Trump’s handling of the crisis, was a rare and major piece of encouraging news lately in the battle against the scourge that has killed more than 1.2 million people worldwide, including almost a quarter-million in the United States alone, with confirmed infections in the U.S. expected to eclipse 10 million on Monday.
“We’re in a position potentially to be able to offer some hope,” Dr. Bill Gruber, Pfizer’s senior vice president of clinical development, told The Associated Press. “We’re very encouraged.”
Dr. Anthony Fauci, the government’s top-infectious disease expert, said the results suggesting 90% effectiveness are “just extraordinary,” adding: “Not very many people expected it would be as high as that.”
“It’s going to have a major impact on everything we do with respect to COVID,” Fauci said.
Pharmaceutical companies and various countries are in a global race to develop a vaccine against the virus. Fauci said that the Pfizer vaccine and virtually all others in testing target the spike protein the coronavirus uses to infect cells, so the results validate that approach.
Monday’s announcement doesn’t mean a vaccine is imminent: This interim analysis, from an independent data monitoring board, looked at 94 infections recorded so far in a study that has enrolled nearly 44,000 people in the U.S. and five other countries. Some participants got the vaccine, while others got dummy shots.
Pfizer Inc. did not provide any more details about those infections and cautioned that the initial protection rate might change by the time the study ends. Even revealing such early data is highly unusual.
Authorities have stressed it’s unlikely any vaccine will arrive much before the end of the year, and initial supplies will be rationed.
“We need to see the data, but this is extremely promising,” said Dr. Jesse Goodman of Georgetown University, former chief of the FDA’s vaccine division. He ticked off many questions still to be answered, including how long the vaccine’s effects last and whether it protects older people as well as younger ones.
If Pfizer’s vaccine ultimately pans out, “it’s going to be a while before this has a major impact at the population level,” Goodman said.
Marylyn Addo, head of the tropical medicine unit at UKE hospital in Hamburg, Germany, said the interim results were “an interesting first signal,” but questions remain.
Global markets, already buoyed by the victory of President-elect Joe Biden, exploded on the news from Pfizer. Major markets in Europe, where infections have soared, were up 5%. In the U.S., the S%P 500 surged 3.7% after the opening bell, and the Dow Jones Industrial Average was up more than 1,300 points.
Trump, who had suggested during the presidential campaign that a vaccine could be ready by Election Day, tweeted on Monday: “STOCK MARKET UP BIG, VACCINE COMING SOON. REPORT 90% EFFECTIVE. SUCH GREAT NEWS!”
The timing is likely to feed unsubstantiated suspicions from Trump supporters that the pharmaceutical industry was withholding the news until after the election. Donald Trump Jr. tweeted: “The timing of this is pretty amazing. Nothing nefarious about the timing of this at all right?”
Pfizer Chairman and CEO Albert Bourla said on CNBC that the election was always an artificial deadline and that the data was going to be ready when it was ready. The independent data monitors met on Sunday, analyzing the COVID-19 test results so far and notifying Pfizer.
“I am very happy,” Bourla said, “but at the same time, sometimes I have tears in my eyes when I realize that this is the end of nine months, day-and-night work of so many people and how many people, billions, invested hopes on this.”
He added: “I never thought it would be 90%.”
Earlier this year, Fauci said he would be happy with a COVID-19 vaccine that was 60% effective. Scientists have warned for months that any COVID-19 shot may be only as good as flu vaccines, which are about 50% effective and require yearly shots.
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world — four of them so far in huge studies in the U.S. Another U.S. company, Moderna Inc., also has said it hopes to be able to file an application with the FDA later this month.
Volunteers in the final-stage studies, and the researchers, don’t know who received the real vaccine or a dummy shot. But a week after their second required dose, Pfizer’s study began counting the number who developed COVID-19 symptoms and were confirmed to have the coronavirus.
Because the study hasn’t ended, Gruber couldn’t say how many in each group had infections. But the math suggests that almost all the infections counted so far had to have occurred in people who got the dummy shots.
Pfizer doesn’t plan to stop its study until it records 164 infections among all the volunteers, a number that the FDA has agreed is enough to tell how well the vaccine is working. The agency has made clear that any vaccine must be at least 50% effective.
No participant so far has become severely ill, Gruber said. Nor could he provide a breakdown of how many of the infections had occurred in older people, who are at highest risk from COVID-19.
Participants were tested only if they developed symptoms, leaving unanswered whether vaccinated people could get infected but show no symptoms and unknowingly spread the virus.
FDA has told companies they must track half their participants for side effects for at least two months, the time period when problems typically crop up. Pfizer expects to reach that milestone later this month, but said Monday no serious safety concerns have been reported.
Because the pandemic is still raging, manufacturers hope to seek permission from governments around the world for emergency use of their vaccines while additional testing continues — allowing them to get to market faster than normal but raising concerns about how much scientists will know about the shots.
The FDA’s scientific advisers last month said they worry that allowing emergency use of a COVID-19 vaccine could damage confidence in the shots and make it harder to ever find out how well they really work. Those advisers said it’s critical these massive studies are allowed to run to completion.
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Business
U.S. Hispanic Chamber of Commerce Brings 47th Annual National Conference to Fort Worth Sept. 14-16
Published
1 week agoon
August 7, 2026FORT WORTH, Texas (FNN NEWS) — The United States Hispanic Chamber of Commerce will bring its 47th Annual National Conference to Fort Worth, Texas, Sept. 14-16, 2026, convening Hispanic business leaders, corporate executives, policymakers and entrepreneurs from across the country.
The three-day conference will be held at the Fort Worth Convention Center and is expected to serve as a major national platform for business development, networking, economic opportunity and deal-making.
Nearly five decades after its launch, the USHCC National Conference has grown into what the organization describes as the nation’s largest gathering of Hispanic business decision-makers.
The selection of Fort Worth highlights the North Texas city’s growing position as a center for business, entrepreneurship and culture while providing a national stage for Hispanic-owned businesses and their economic impact.
Fort Worth Selected to Host 2026 National Conference
USHCC announced Fort Worth as the 2026 host following its 46th Annual National Conference in Atlanta.
“We are thrilled to bring the USHCC National Conference to Fort Worth in 2026,” said Jackie Puente, vice president of external affairs at Comcast and chairwoman of the United States Hispanic Chamber of Commerce. “This city showcases the innovation, diversity, and economic impact of Hispanic-owned businesses nationwide. At Comcast, we are proud to support the USHCC’s mission of opening doors and creating opportunities for our community to thrive.”
Fort Worth business leaders also welcomed the opportunity to host the national gathering.
“Fort Worth is proud to host the USHCC National Conference in 2026,” said Ericka Garza, president and CEO of the Fort Worth Hispanic Chamber of Commerce. “This event highlights our city’s vibrant culture and the impact of Hispanic-owned businesses in driving economic growth.”
Connecting Hispanic Businesses With Opportunities
Connection building will be a major focus of the 2026 conference, with programming designed to bring business owners directly together with corporate executives, policymakers, industry leaders and potential partners.
Through curated networking opportunities and informal gatherings, participants will have opportunities to establish relationships that could lead to collaborations, contracts, partnerships and long-term business growth.
The conference also provides companies and organizations seeking to expand their engagement with Hispanic-owned businesses an opportunity to connect with entrepreneurs and business leaders from markets across the United States.
National Leaders Take the Main Stage
The conference’s main-stage sessions will feature influential leaders and nationally recognized voices discussing major issues affecting business, entrepreneurship and economic advancement.
Sessions are expected to provide perspectives on economic trends, public policy, market opportunities and emerging challenges facing businesses.
The discussions are designed to help entrepreneurs and executives better understand changing markets and position their organizations for future opportunities.
Breakout Sessions Focus on Business Growth
Attendees will also have access to industry-focused breakout sessions featuring subject-matter experts addressing specific business challenges and opportunities.
The interactive sessions are designed to provide participants with practical strategies, tools and information they can apply to their companies and organizations.
Topics and speakers for the 2026 conference are expected to be announced as the event approaches.
Hispanic Businesses Take Center Stage in Fort Worth
The conference comes as Hispanic-owned businesses continue to play an increasingly important role in entrepreneurship, job creation and economic development across the United States.
For Fort Worth, hosting the national conference provides an opportunity to showcase the city’s business community while connecting local entrepreneurs with corporate and government decision-makers from across the country.
47th Annual USHCC National Conference
Dates: Sept. 14-16, 2026
Location: Fort Worth Convention Center
City: Fort Worth, Texas
Business
Historic Casements to Debut Mateo Blanco’s ‘Rockefeller Flag’ During The American Legacy Exhibition
Published
2 weeks agoon
July 30, 2026ORMOND BEACH, Fla. (FNN NEWS) — The Casements, the historic Ormond Beach residence where industrialist John D. Rockefeller spent the final years of his life, will host “The American Legacy,” a new exhibition by American artist Mateo Blanco opening Saturday, Aug. 1.
The exhibition brings together painting and photography to explore themes of American history, material, memory, innovation and the ideas that continue to shape the nation’s identity during its Semiquincentennial.
Public Premiere of Rockefeller Flag
The centerpiece of the exhibition is the public debut of “Rockefeller Flag,” a new oil-on-canvas painting created exclusively for The Casements.
Rather than depicting Rockefeller himself, the work examines the relationship between industry, history and artistic tradition. Executed entirely in black oil paint on canvas, Rockefeller Flag draws its conceptual inspiration from petroleum—the natural resource that transformed American industry and helped redefine the modern world.
Blanco notes that petroleum also returns to its artistic origins through oil paint, the medium that has shaped Western painting for more than five centuries, creating an intersection between industrial innovation and artistic expression.
Installed inside Rockefeller’s historic residence, the painting encourages visitors to reflect not only on one of America’s most influential business leaders but also on the broader themes of vision, enterprise, stewardship and the legacy each generation leaves behind.
“For many people, The Casements represents the final chapter of John D. Rockefeller’s life,” Blanco said. “For me, it represents the beginning of another conversation—one about legacy. Every generation inherits ideas, opportunities and responsibilities created by those who came before. What ultimately defines us is what we choose to build with that inheritance.”
Museum Exhibition Highlights
The exhibition also features paintings previously exhibited at The Butler Institute of American Art alongside a curated selection of photographs celebrating the American landscape, its people and the cultural narratives that have shaped the nation across generations.
Together, the works represent one of Blanco’s most comprehensive museum presentations to date, combining painting and photography in a reflection on the American experience.
According to exhibition organizers, The American Legacy is intended as a cultural reflection rather than a political statement, highlighting creativity, craftsmanship, imagination, innovation and the enduring ability of individuals to transform ideas and materials into lasting contributions.
By returning petroleum to the language of oil painting, Blanco creates a dialogue between one of America’s defining industrial achievements and one of the oldest artistic traditions in history.
About Mateo Blanco
Mateo Blanco is an American multidisciplinary artist whose work explores material transformation, cultural memory and the evolving narrative of American identity. Working across painting, photography, sculpture and mixed media, Blanco examines how everyday materials become symbols of history, belonging and collective memory.
His work has been exhibited by museums and cultural institutions throughout the United States, including The Butler Institute of American Art, the Orlando Museum of Art, the Boca Raton Museum of Art, the Museum of Art – DeLand, the Armory Art Center, the Cornell Art Museum and the Brick Store Museum.
His artwork is included in the permanent collections of several American museums, reflecting continued institutional recognition of his contributions to contemporary American art.
Blanco is represented by Rosenbaum Contemporary, with gallery locations in Palm Beach, Boca Raton and Hollywood, Florida.
Exhibition Information
The American Legacy: Featuring the Public Premiere of Rockefeller Flag
Opening Reception
Saturday, Aug. 1, 2026
3–7 p.m.
Location
The Casements
25 Riverside Drive
Ormond Beach, FL 32176
Business
Essence Magazine Co-Founder Jonathan Blount Dies at 84, Leaving Enduring Legacy in Civil Rights and Black Media
Published
3 weeks agoon
July 25, 2026By
Willie DavidORLANDO, Fla. (FNN NEWS) — Jonathan Sebastian Blount Dunn Morse, a visionary entrepreneur, one of the four founders of Essence magazine, pioneering civil rights activist, Black business leader, publisher, and community advocate, died peacefully Monday, July 20, 2026, at his Orlando home surrounded by family after a courageous battle with prostate cancer that later spread to his bones and liver. He was 84.
For more than seven decades, Morse dedicated his life to advancing civil rights, expanding opportunities for Black-owned businesses, strengthening independent Black media, and empowering communities through economic opportunity, education, and public service.
His life’s work stretched from the front lines of the Civil Rights Movement in North Carolina to the boardrooms of Wall Street and, ultimately, to the neighborhoods of Central Florida, where he remained a tireless advocate until his final days.
Jonathan Morse at a Glance
1930s–1940s
- Born in Monroe, North Carolina.
- Adopted and raised by Carrie Blount.
1950s
- Civil Rights activist under Robert F. Williams.
- Survived an attempted lynching while challenging segregation.
Late 1960s
- Conceived the vision that became Essence magazine.
1970
- Co-founded Essence magazine.
- Became its first President and Chairman of the Board.
1970s–1990s
- Helped raise more than $1 million in Wall Street investment capital.
- Founded additional Black publications.
- Consulted nationally with Black-owned businesses.
2000s–2026
- Relocated to Orlando.
- Founded the African American Art and Heritage Museum.
- Led Operation Clean Sweep.
- Mentored Caribbean American Passport News Magazine and celebrated its evolution into CAP Village.
July 20, 2026
- Passed away at age 84.
A Vision That Changed Black Media
Morse is best known as one of the four founders of Essence magazine, the publication that forever changed how Black women were represented in American media.
While history remembers him as a co-founder, Morse often smiled and described himself as the magazine’s “ideational and conceptual founder,” explaining that the original vision for a fashion and lifestyle publication devoted specifically to Black women was his.
That vision became Essence, now one of the world’s most influential media brands serving Black women.
Known affectionately by many as “The Father of Essence,” Morse served as the publication’s first President and Chairman of the Board, helping transform an ambitious idea into a nationally recognized institution.
Under his leadership, the founders became among the first Black-owned businesses to raise more than $1 million on Wall Street, an unprecedented accomplishment during an era when Black entrepreneurs faced enormous barriers to investment capital.
Although philosophical differences over preserving majority Black ownership eventually led Morse and fellow founder Cecil Hollingsworth to leave the company, he remained proud of the publication’s continued success.
Years later, fellow founder Clarence O. Smith publicly acknowledged that Morse had been right in advocating for Essence to remain Black-owned.
A Freedom Fighter Before He Was a Publisher
Long before changing American media, Jonathan Morse was risking his life for civil rights.
Growing up in Monroe, North Carolina, he came under the mentorship of legendary civil rights leader Robert F. Williams, whom Morse affectionately called “Uncle Rob.”
Together with other young activists, Morse helped defend Monroe’s Black neighborhoods from Ku Klux Klan violence while challenging segregation.
At only 14 years old, he nearly lost his life after participating in an effort to integrate a segregated county swimming pool, surviving an encounter with a lynch mob.
More than six decades later, in 2022, the North Carolina African American Heritage Commission honored Morse and his fellow activists with a historical marker recognizing their courage and sacrifice.
Building Black Business
Following his years with Essence, Morse continued creating opportunities for Black entrepreneurs.
He launched several publishing ventures, including:
- In Advance
- Eagle and Swan
- Élan
He later became one of the nation’s most respected consultants to Black-owned businesses and advertising firms.
Among the accomplishments he valued most was helping secure what was then the largest contract ever awarded to a Black advertising agency—a $10 million U.S. Census Bureau contract.
Economic empowerment remained one of his life’s defining passions.
His favorite Frederick Douglass quotation became his guiding philosophy:
“Power concedes nothing without demand.”
Transforming Orlando
When Morse made Orlando his home, he quickly became one of Central Florida’s most recognizable community advocates.
Among his many accomplishments, he:
- Founded the African American Art and Heritage Museum.
- Organized Operation Clean Sweep.
- Served as President of the Parramore Business Association.
- Created a community tool library.
- Coordinated free paint and home improvement supplies.
- Helped secure the first corporate funding for Orlando’s SALT hygiene program.
- Successfully challenged diversity issues within public broadcasting.
- Helped relocate Orlando’s Martin Luther King Jr. Parade onto Orange Avenue’s Main Street.
Whether attending City Council meetings, neighborhood forums, NAACP events, or nonprofit gatherings, Jonathan Morse became known as someone who consistently showed up—not for recognition, but to serve.
A Champion of Independent Black Journalism
Journalism remained one of Jonathan Morse’s greatest passions.
He became a trusted mentor and advisor to Caribbean American Passport News Magazine, working closely with founders Sam and Guenet Roberts as the publication expanded throughout Central Florida and the Caribbean diaspora.
He later celebrated its transformation into CAP Village, where he proudly participated in filming portions of his own documentary.
Morse believed independent Black media preserved history, amplified underrepresented voices, and held institutions accountable.
He encouraged young journalists to pursue difficult stories, ask challenging questions, and never underestimate the value of community journalism.
Family First
Despite a remarkable public career, Jonathan Morse considered family his greatest achievement.
He rarely missed a grandchild’s recital, athletic event, school performance, Easter program, or talent show.
Opening night at the Central Florida Fair became a cherished annual tradition shared with his family.
To Morse, family extended far beyond blood relatives.
Many who knew him referred to him as a brother whose friendship, wisdom, and generosity changed their lives forever.
Courage Through Every Challenge
Later in life, Morse publicly shared his diagnosis of bipolar disorder, hoping his openness would encourage others to seek treatment without fear or shame.
During his battle with cancer, he again chose transparency, believing honesty could inspire hope and reduce stigma for others facing serious illness.
His willingness to discuss deeply personal challenges reflected the same courage that defined his life’s work.
Finding His Roots
Born in Monroe, North Carolina, Morse was adopted at birth by Carrie Blount.
After her passing, he began searching for his biological family through an appeal published in Jet magazine.
That search ultimately reunited him with his birth parents and siblings, completing a deeply personal chapter that remained among the most meaningful experiences of his life.
Comments and Reflections
Family Statement
“Jonathan believed every generation has a responsibility to leave the world better than it found it. We will forever cherish his love, wisdom, humor, and unwavering commitment to family, community, and justice.”
Florida National News
“Jonathan Morse leaves behind more than an extraordinary résumé. He leaves stronger institutions, empowered communities, inspired journalists, successful entrepreneurs, and generations of leaders who benefited from his mentorship. His impact will continue to be felt wherever courageous journalism and community leadership thrive.”
Community Reflection
“Jonathan never measured success by titles or recognition. He measured it by how many people he helped, how many doors he opened, and whether the next generation had greater opportunities than his own.”
Why Jonathan Morse Still Matters
Jonathan Morse’s vision remains remarkably relevant today.
Long before diversity became a corporate priority, he insisted Black voices deserved their own media platforms.
Long before conversations about media ownership became commonplace, he warned of the importance of preserving Black ownership of Black institutions.
Long before community journalism faced unprecedented economic pressures, he championed independent local news organizations as essential pillars of democracy.
His ideas continue to shape conversations about journalism, entrepreneurship, civil rights, economic opportunity, and community empowerment.
Life and Legacy
Jonathan Sebastian Blount Dunn Morse helped shape modern Black America.
He stood against segregation as a teenager.
He helped create one of America’s most influential Black-owned media companies.
He championed Black entrepreneurship.
He strengthened independent journalism.
He revitalized Orlando neighborhoods.
He mentored generations of journalists, civic leaders, entrepreneurs, and community advocates.
His influence extended from Monroe to Manhattan, from Wall Street to Washington, and from Central Florida to communities across the nation.
His legacy is measured not only by the organizations he helped build, but by the countless lives he inspired.
As Jonathan Morse often demonstrated, history is not written only by those who hold public office or corporate titles—it is written by those with the courage to imagine a better future and the determination to build it.
Rest in Peace and Power, Jonathan Sebastian Blount Dunn Morse.
Thank you for believing that ordinary people, united by courage, conviction, and compassion, truly can change the world.
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