SQUAWK BOX, FRIDAY 4TH DECEMBER, 2020

Brexit talks are faltering once more with new demands from Brussels souring the mood in London. At the eleventh hour, France’s President Macron has reportedly intervened over fishing rights and state aid, sparking alarm in Downing Street. Oil prices surge as Opec+ comes to an agreement to relax output cuts in the New Year on an improved demand outlook following second-wave lockdowns. In the U.S., House Speaker Nancy Pelosi and Senate Majority leader Mitch McConnell are once again locked in talks in a bid to push through a bipartisan stimulus bill to release more virus aid and avoid government shutdowns. After the euphoria of the UK’s approval of Pfizer’s Covid vaccine earlier this week, the U.S. drug giant sees its shares fall after supply problems force it to slash its dose target in half.