Biden to speak Tuesday afternoon on COVID response, vaccinations

President Joe Biden on Tuesday afternoon was scheduled to make a speech on the fight against the COVID-19 pandemic, with the remarks coming after his administration fell short of his goal of having 70% of U.S. adults at least partially vaccinated by the Fourth of July.

Biden is due to speak at 2:45 p.m. Eastern in Washington about “the COVID-19 response and the vaccination program,” the White House said in a statement.

The percentage of U.S. adults who have received at least one vaccine dose stands at 67.1%, according to the latest data from a tracker run by the Centers for Disease Control and Prevention.

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Biden’s speech also comes after Israel said the shot developed by BioNTech SE 

and Pfizer Inc. 

is now thought to be 64% effective at preventing infections from COVID’s delta variant, down from an efficacy rate of about 95% in clinical trials.

On Sunday, the president mixed the country’s Independence Day party with a celebration of freedom from the worst of the pandemic, as he described getting vaccinated as “the most patriotic thing you can do.”

On Wednesday, Biden is slated to visit Crystal Lake, Ill., to promote his American Families Plan, a proposal aimed at domestic priorities like education and child care that would be paid for by extra taxes on the wealthy.

U.S. stocks


traded mostly lower on Tuesday, taking a breather after rising to records before the holiday weekend.

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