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Vaccine Stocks Slide After Novavax Shot Proven Effective

Bloomberg

BOE’s Bailey Says Sterling Libor Switch Is ‘Pretty Much’ There

(Bloomberg) — Many of the issues thrown up in the transition away from sterling Libor appear to have been addressed, Bank of England Governor Andrew Bailey said Monday, delivering a confident assessment of the U.K.’s exit from the discredited benchmark.Britain, the home of Libor, is making faster progress than the U.S. and Japan. U.K. replacement rate Sonia, the Sterling Overnight Index Average, has seen widespread take-up the derivatives market, and firms were instructed in April to stop issui

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