Markets Rally on Early Vaccine Trial Results

P.M. Edition for May 18. It was just the first step, and yet markets rallied on encouraging results from an early-stage coronavirus vaccine trial by drugmaker Moderna. WSJ pharmaceuticals reporter Peter Loftus has the details. Plus, Jim Carlton explains California's split reaction to the coronavirus pandemic. Annmarie Fertoli reports. Learn more about your ad choices. Visit megaphone.fm/adchoices