![Pfizer Announces Their COVID Vaccine Is 90% Effective, Files With FDA](http://townsquare.media/site/757/files/2020/11/RS39277_RS22387_GettyImages-1027752634-scr.jpg?w=980&q=75)
Pfizer Announces Their COVID Vaccine Is 90% Effective, Files With FDA
Early Monday morning, drugmaker Pfizer announced that their COVID-19 vaccine trial has shown to be 90% effective in early testing. The company filed for Emergency Use Authorization with the FDA Monday.
"This is about the best the news could possibly be for the world and for the United States and for public health," Senior Vice President for Vaccine Clinical Research for Pfizer William Gruber told Bloomberg.
The Pfizer vaccine is a two-dose vaccine, and patients will need about three weeks between shots. The national rollout of the vaccine will not start until the FDA issues authorization.
In the moments after the announcement from the drug maker, the stock market shot up. Including shares of companies like the cruise ship industry.
Other vaccines are in Phase 3 trials, and news on those could come soon.
READ MORE: Inspiring Stories From the Coronavirus Pandemic
More From AM 1240 WJON
![Kids in Minnesota Still Find Outdoor Fun in November](http://townsquare.media/site/65/files/2020/11/IMG_2204.jpg?w=980&q=75)
![Pfizer Says Early Data Signals COVID-19 Vaccine is Effective](http://townsquare.media/site/67/files/2020/11/GettyImages-1283948405.jpg?w=980&q=75)
![Snow Likely for Tuesday in Minnesota](http://townsquare.media/site/67/files/2019/04/Snowstorm.jpg?w=980&q=75)
![Sauk Rapids-Rice to go to Distance Learning Through November](http://townsquare.media/site/67/files/2020/11/Sauk-Rapids-Rice-District-Office-Stock-Image.jpg?w=980&q=75)
![MN Turkey Growers Navigate Pandemic to Get Birds to Your Table](http://townsquare.media/site/67/files/2020/11/RS16172_599473770-scr.jpg?w=980&q=75)
![Vikings Notch Second Straight Win](http://townsquare.media/site/67/files/2019/11/GettyImages-1162617276.jpg?w=980&q=75)
![BREAKING: Alex Trebek Has Died at the Age of 80](http://townsquare.media/site/942/files/2020/11/Alex-Trebek.jpg?w=980&q=75)
![Minnesota Man Sentenced to 15 Years for Death of Four-Year-Old](http://townsquare.media/site/67/files/2017/12/Handcuffs.jpg?w=980&q=75)
![Minnesota Sets New Single-Day COVID-19 Case Record Sunday](http://townsquare.media/site/67/files/2020/03/COVID-19.jpg?w=980&q=75)