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What a vaccine means for assets that aren't stocks

November 19, 2020. Summarized by summa-bot.

Widespread distribution of a safe and effective Covid-19 vaccine next year is poised to be a game changer for markets, and Wall Street is trying to get ahead of the curve.

London (CNN Business)Widespread distribution of a safe and effective Covid-19 vaccine next year is poised to be a game changer for markets, and Wall Street is trying to get ahead of the curve.

In its November survey of fund managers, Bank of America found that investors expect emerging markets, gold and oil, along with the S&P 500, to be the top performers next year as a new economic cycle kicks off.

Details, details: The company said Wednesday that commission on app store sales will drop from 30% to 15% if developers made less than $1 million in the prior year, my CNN Business colleague Brian Fung reports.

Apps that earn more than $1 million a year will keep operating under Apple's existing fee structure.

Apple's announcement said that the update will benefit "the vast majority of developers" on the App Store.

Those developers' economic activity accounted for an estimated 5% of the iOS App Store's total revenues in 2019, Sensor Tower told CNN Business.

Big picture: The App Store has increasingly come under scrutiny as lawmakers and regulators have zeroed in on Apple's market clout.

This summer, Epic Games, the maker of the hit game Fortnite, filed an antitrust lawsuit against Apple that could reshape how app stores work in the United States.

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