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Global Markets: Canada looking to acquire more vaccines

Up to 11.6 by end of June

By MarketsFarm

WINNIPEG, Feb. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– By participating in an international vaccine sharing initiative known as COVAX, Canada could receive about 1.1 million doses of COVID-19 vaccines by the end of March, according to the federal government on Wednesday. Also, the number of doses destined for Canada could rise to as high as 11.6 million by the end of June. COVAX pools contributions from wealthier countries, such as Canada, to acquire vaccines to share among themselves and with low to middle-income countries that are having difficulty in making their own purchases.

– Amazon founder Jeff Bezos announced on Tuesday that he will step down as CEO after 27 years at the helm of the Internet giant. The 57-year-old Bezos will become the company’s executive chair with Amazon Cloud boss Andy Jassy as the new CEO. Bezos spearheaded the launch of Amazon in 1995 to sell books online, which quickly expanded in to selling a massive array of products.

– The deal between Iran and the United States to curb the former’s nuclear program could be resurrected, said Iranian Foreign Affairs Minister Mohammad Javad Zarif on Wednesday. However, Zarif claimed Iran was not seeking to build a nuclear weapons arsenal. As a sign of reduced tensions between Iran and the U.S., President Joe Biden ordered the U.S.S. Nimitz and its task force out of the Persian Gulf region.

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