Travel stocks will surge due to coronavirus vaccine: RBC managing director
RBC managing director Mark Mahaney discusses the stock market surging amid coronavirus vaccine talk, saying top stocks in the travel industry are ‘vaccine derivatives.’
An inaugural "travel bubble" will be launched later this month between Hong Kong and Singapore to reestablish travel links amid the coronavirus pandemic, officials announced Wednesday.
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The plan kicks off on Nov. 22, which would allow leisure travelers from the two cities to fly between each other without having to quarantine, which officials described as a "world first."
“This policy is not easy to come by,” Hong Kong Commerce and Economic Development Secretary Edward Yau Tang-wah said during the announcement, according to the South China Morning Post. “Whether the bubble can work and sustain (itself) well will depend on cooperation from all sides, including the participation of residents and their efforts in maintaining social distancing.”
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Under the plan, tourists from either city must take nucleic acid tests before their flight, after arrival and before their return to prove they do not have COVID-19.