The principle drivers of that exuberance had been growing confidence a COVID-19 vaccine could be prepared quickly and the formal begin of U.S. president-elect Joe Biden's transition to the White Home, which ends weeks of post-election political uncertainty. President Donald Trump's obvious willingness to adjust to the formal switch of energy additionally boosted investor sentiment, following weeks of authorized challenges to the election outcomes. The Basic Companies Administration informed Biden this week that he may formally start the handover course of.