The Good: Pfizer In what might be the most significant development of the year, Pfizer announced today that its Covid-19 vaccine is more than 90% effective. With the coronavirus impacting just about every single facet of the global economy, a vaccine could mean a return to normalcy and stability. The effects of Pfizer’s announcement were widespread and instantaneous: stock futures skyrocketed, with the Dow Jones surging over a thousand points. The potential good news sent ripples throughout the markets, but made splashes in industries most impacted by the virus. Airlines, cruises, movie theaters all saw major movement, with some stocks raising by 20 and 30%. This wave of optimism stood in stark contrast to recent quarterly reports in these industries, like AMC’s, which showed tremendous losses. The Bad: Zoom While Pfizer’s vaccine announcement brought life to stocks that had long been sagging, it deflated several so-called “Stay At Home” stocks, including the video-communications company Zoom. Zoom fell as much as 17% today as promise of a life without quarantine threatened to further divide consumer’s attention. While video sharing sites, streaming services and delivery services have all boomed during rolling quarantines across the planet, each sector slipped today on the back of Pfizer’s news. Even tech giants like Amazon and Netflix both fell over 5%, showing the potential shrinking for these corporations after a year of tremendous growth. Before today, Zoom was up 635% this year. The Ugly: Beyond Meat Beyond Meat just revealed its third quarter numbers and the results are pretty raw. While the meat-alternative was cooking up some major gains earlier this year, the company plunged 24% in after hours tradings after in-restaurant demand for meat alternatives continued to drop. The company listed a fiscal third-quarter net loss of $19.3 million while net sales only rose 2.7% to $94.4 million, missing expectations of $132.8 million. Furthering a loss of potential revenue, McDonald’s announced its own plant-based meat alternative, the McPlant, a year after trying a test run with Beyond Meat last year.