Johnson & Johnson said on Tuesday that it was pausing a COVID-19 vaccine trial due to a study participant's unexplained illness. Eli Lilly and Co later said that it had also paused the clinical trial of its COVID-19 antibody treatment due to a safety concern, leading the U.S. equity market to deepen losses.
Asian equities were set to slip on Wednesday as halted COVID-19 vaccine trials and an elusive U.S. stimulus agreement weighed on investor sentiment, while the dollar rose from Tuesday's three-week low as demand firmed for safe-haven assets.
Johnson & Johnson said on Tuesday that it was pausing a COVID-19 vaccine trial due to a study participant's unexplained illness. Eli Lilly and Co later said that it had also paused the clinical trial of its COVID-19 antibody treatment due to a safety concern, leading the U.S. equity market to deepen losses.
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