Target CEO among business chiefs meeting with Biden-Harris
CEOs of Microsoft, GM and Gap are also expected to attend
Moderna says its coronavirus vaccine is 94.5% effective
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CEOs from General Motors, Microsoft, the Gap and Target are among the business leaders that will meet with president-elect Joe Biden and Vice President-elect Kamala Harris today to discuss the economic recovery.
DOW NEARS 30K ON MORE VACCINE NEWS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TGT | TARGET CORP. | 129.76 | -2.62 | -1.98% |
In a statement to FOX Business, Target outlined what CEO Brian Cornell, is expected to focus on, including "safety and rebuilding the economy" in today’s meeting.
"Since the beginning of the pandemic, retail has played a critical role in providing American families with immediate and affordable access to essential goods. Target has kept our stores open and our supply chains running, while also investing significantly to keep our guests and team safe. And along the way, we’ve engaged with elected officials from both parties to provide our retail expertise and perspective on keeping the economy moving forward...Brian plans to highlight the essential role that retail plays for American consumers, share that our plans for this year include a $1 billion investment in the health and safety of our team, and ask elected officials to provide companies with clear, consistent guidance around safety, regulations and the future rollout of a coronavirus vaccine. We know that the coronavirus has been challenging for American families this year and appreciate the opportunity to educate and advise on this critically important topic."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | GENERAL MOTORS CO. | 55.04 | -0.58 | -1.04% |
| GPS | NO DATA AVAILABLE | - | - | - |
| MSFT | MICROSOFT CORP. | 430.98 | +7.52 | +1.78% |
The meeting coincides with more progress on the vaccine front. Moderna, on Monday, disclosed its COVID-19 vaccine is 94.5% effective, joining Pfizer and BioNTech in their progress.
MODERNA'S COVID-19 VACCINE: WHAT TO KNOW
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MRNA | MODERNA INC. | 43.06 | -0.33 | -0.76% |
Along with these corporate chieftains, labor leaders will also be present, FOX Business has learned.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | GENERAL MOTORS CO. | 55.04 | -0.58 | -1.04% |
| GPS | NO DATA AVAILABLE | - | - | - |
| MSFT | MICROSOFT CORP. | 430.98 | +7.52 | +1.78% |
- Richard Trumka, President of AFL-CIO
- Mary Barra, CEO of General Motors
- Mary Kay Henry, President of SEIU
- Satya Nadella, President and CEO of Microsoft
- Rory Gamble, President of UAW
- Brian Cornell, CEO and Chairman of the Board at Target
- Marc Perrone, President of UFCW
- Lee Saunders, President of AFSCME
- Sonia Syngal, CEO of Gap
FOX Business' Hillary Vaughn contributed to this report.