NewsWatch: Mnuchin says decision to end Fed emergency programs wasn’t aimed at hurting Biden

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MARKETWATCH FRONT PAGE

Treasury Secretary Steven Mnuchin on Friday defended his decision to end the joint federal emergency lending program, and tried to calm critics saying his action was aimed at hamstringing the incoming Biden administration. See full story.

The Dow has completely recovered its 2020 bear-market loss. Here’s what comes next

Dow’s recovery since March is impressive but says nothing about how long the bull market will run, writes Mark Hulbert. See full story.

Pfizer and partner BioNTech to seek emergency-use authorization for COVID-19 vaccine Friday

Pfizer/BioNTech said they intend to submit applications to other regulatory agencies worldwide in coming days. See full story.

Tesla and other car makers will be impacted by Boris Johnson’s new plan for electric vehicles. Here’s how

PM Boris Johnson has a plan for a new green economy in the U.K., including rapidly accelerating the transition to electric vehicles and transforming national infrastructure to support them. See full story.

11 semiconductor stocks expected to rise up to 47% over the next year

Analysts expect semiconductor companies to increase sales at a faster pace than those of S&P 500 members in 2021 and 2022. See full story.

MARKETWATCH PERSONAL FINANCE

The Trump administration is planning on Friday to roll out two final rules aimed at lowering drug prices—one curbing rebates paid to middlemen in Medicare and another pegging the prices of certain prescription drugs in the U.S. to their prices in other developed countries, according to a person familiar with the planning. See full story.

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