Drug maker Moderna announced Monday that its coronavirus vaccine is 94.5 percent effective, based on an early look at the results of its large, ongoing study.

The researchers said the results were better than they could imagine. Although the company plans to apply for an emergency clearance from the US drug agency within a few weeks, the vaccine will not be widely available for months.

The vaccine has a longer shelf life than previously reported: According to Moderna, it can be kept in the refrigerator for 30 days and at room temperature for 12 hours, which may make it easier to store and use.

The race: Moderna’s announcement came a week after Pfizer reported that the vaccine developed in partnership with BioNTech was more than 90 percent effective. Ten other companies, including Moderna and Pfizer, are running large phase 3 studies, including efforts in China, Russia, India and Australia. Check out our vaccine tracker here.

Markets: Global markets were on the upswing on Monday on news of the Moderna vaccine and a new free trade agreement between the Asia-Pacific region.

Official remarks: “I said I was happy with a 75 percent effective vaccine,” said Dr. Anthony S. Fauci, the nation’s leading infectious disease expert. “Aspirational you want to see 90, 95 percent, but I didn’t expect it. I thought we were good, but 94.5 percent is very impressive. “

Here are the latest updates and maps of the pandemic.

In other coronavirus developments:

  • A number of court cases have surfaced in Spain alleging the health system’s fight against the pandemic has resulted in the neglect of other serious diseases, including cancer treatment and diagnosis.

  • Japan was the latest major economy to recover from the coronavirus devastation, but the recovery is unlikely to last long, analysts warn.

  • New York City tourism will take at least four years to recover from the free fall triggered by the pandemic, according to a new forecast from the city’s tourism promotion agency.

The two Eastern European countries said they would veto the spending bill as funding was made conditional on adherence to rule of law standards, such as an independent judiciary, which the two governments have weakened as they defiantly tore down the domestic division of powers.

Their veto has messed up a signed achievement by the bloc, deepened a long-standing stalemate on its core principles, and threatened to prevent stimulus money from getting to other member states if a new deal can be reached at all.

Brexi; prime minister Boris Johnson’s two-week quarantine comes at an inconvenient time for his negotiations with the bloc, with the EU and the UK still separated from major issues.

Moldova: Maia Sandu, a Harvard-trained economist who supports closer relations with the European Union, won a presidential election in the former Soviet state against an incumbent supported by President Vladimir Putin of Russia.

Mr Biden advocated a national mask mandate and criticized the president and his advisors for attacking US state leaders who have imposed new restrictions to curb rising coronavirus cases. “What the hell is wrong with these guys?” he said. “It’s completely irresponsible.”

His comments come at a critical time for the country’s economic recovery: credit card data and other indicators suggest consumers cut spending this month as infection, hospitalization, and death rates from the virus rose across the country. Mr. Biden called on Congress to support workers, businesses, and state and local governments with trillions of dollars.

Quote: “If we don’t coordinate, more people can die,” warned Biden.

Earlier this month, Chris Nikic (above) became the first person with Down syndrome to conquer the grueling endurance race, which included a 2.4-mile open water swim, followed by a 112-mile bike ride and a 26.2-mile run.

Over 16 hours 46 minutes and 9 seconds, Nikic, 21, battled dehydration, exhaustion, and an unfortunate encounter with a bunch of red ants to finish the course. “I’ve learned that there are no limits,” he told the Times. “Don’t open the lid for me.”

“English gentleman”: Despite growing strained relations between the UK and China, Stephen Ellison, the UK consul general in Chongqing, was hailed as a hero after a video about his rescue of a drowning woman from a river went viral on Chinese social media on Saturday.

Hate crimes: The FBI recorded more than 7,300 hate crimes in the United States last year, the highest number since 2008. The agency also recorded more hate-motivated murders than ever, largely due to the August 2019 mass shootings in El Paso 23 people died in a Walmart store.

Snapshot: Above, beekeepers in the Turkish “honey forest” with its characteristic black beehives. The Hemshin beekeeping traditions are in danger of disappearing amid an exploding tourism industry and infrastructure.

‘The crown’: In the new season of the Netflix show, Diana Spencer’s aristocratic breeding triumphs and Margaret Thatcher’s bourgeois tendencies triumph the royals. Here’s a guide to the rigid world of the British class system.

Lived life: Bruno Barbey, a French photographer who produced powerful, empathetic work in both war zones and peacetime, died earlier this month at the age of 79.

What we see: The Subpar Parks Instagram page that visually displays negative reviews of some of the world’s most beautiful national parks. Melina Delkic, who writes the Asia Briefing, likes this summary of Bryce Canyon National Park: “Too orange, too prickly.” She adds, “In case you need a reminder that everyone doesn’t like anything!”

Cook: These plump, pan-fried gyoza are filled with ground pork, cabbage, chives, ginger, and garlic.

Read: In his new treatise, “A Promised Land,” which is up for sale today, Barack Obama “uses his considerable storytelling skills to demythologize himself,” writes our book critic.

To invent: Contact Jacques Pépin, the French-born cookbook author, for inspiration on how to do more with less.

Stay home safe, but don’t get bored. There are plenty of ideas at home about what to read, cook, see, and do.

Since the coronavirus has risen sharply again in recent weeks, many US has decided to keep restaurants open and schools closed. Much of Europe has done the opposite.

The European approach seems to be working better: while both Europe and the US saw increases in some cases, France, Germany, Spain and the UK all managed to lower their growth rates in the past two weeks.

What is Europe doing differently? It cracks down on the type of indoor gatherings that are most likely to spread the virus. England closed pubs, restaurants, gyms and more on November 5th and announced that they would remain closed until at least December 2nd. France, the German regional governments and the Spanish region of Catalonia have also closed restaurants, among other things.

Many Americans have refused to accept this reality. In much of the country, restaurants remain open for indoor dining. Last week, New York State announced a new policy that public health experts see as a bizarre middle ground: companies licensed for liquor can stay open until 10 p.m.

The only indoor activity that presents a lower risk is school, especially elementary school. Why? Young children seem to be less likely to spread the virus than adults.

Closing schools and switching completely to distance learning, on the other hand, have high social costs. Children learn less and many parents, mainly mothers, have left working life. The US is suffering from these two problems and a raging pandemic.

That’s it for this briefing. Until tomorrow.

– Natasha

Many thanks
Theodore Kim and Jahaan Singh took the break from the news. You can reach the team at briefing@nytimes.com.

PS
• We listen to “The Daily”. Our latest installment focuses on divisions among American Democrats.
• Here is our mini crossword puzzle and a clue: It is “mightier than the sword” (three letters). You can find all of our puzzles here.
• The word “Kaitiakitanga” – a Māori word used to describe guardianship for the environment – first appeared in the Times on Monday, according to the Twitter account @NYT_first_said.
• Our Washington office manager, Elisabeth Bumiller, recently spoke to Nieman Reports about political reporting in a post-Trump era.

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