INSTANT VIEW-Britain approves Pfizer's COVID-19 vaccine, rollout to begin next week

Britain on Wednesday became the first country in the world to approve the COVID-19 vaccine developed by U.S. drugmaker Pfizer and its German partner BioNTech , and said it will be rolled out from early next week. Here are some reactions to the news: MIKE BELL, GLOBAL MARKET STRATEGIST AT J.P. MORGAN ASSET MANAGEMENT: "Approval of a highly effective vaccine may mark the beginning of the end to the Covid-19 economic turmoil and the beginning of a new bull market for equities.

Britain on Wednesday became the first country in the world to approve the COVID-19 vaccine developed by U.S. drugmaker Pfizer and its German partner BioNTech , and said it will be rolled out from early next week.

Here are some reactions to the news: MIKE BELL, GLOBAL MARKET STRATEGIST AT J.P. MORGAN ASSET MANAGEMENT:

"Approval of a highly effective vaccine may mark the beginning of the end to the Covid-19 economic turmoil and the beginning of a new bull market for equities. The scientists have come to the rescue and delivered what investors were hoping for Christmas this year. As this year's savings are spent next year, the global economy should boom driving corporate profits and equities higher in 2021."

DANNY ALTMANN, PROFESSOR OF IMMUNOLOGY AT IMPERIAL COLLEGE LONDON: "Exciting news keeps coming, but this really is momentous. Nobody knew how the battle to find effective vaccines would pan out. Now, less than 11 months from the first characterisation of the virus sequence, we have the first emergency approval for use of a really effective vaccine. Truly heroic.

I don't think we should get too hung up on 'the race' and this as the 1st approval. Over the next several weeks we'll likely see a number of licenses granted - and we do need them all to get speedily out of this mess"