A Setback For J&J's COVID Vaccine And What It Means For The Reopening Trade, The World's Largest SPAC Merger, And Bitcoin's Record High Ahead Of Coinbase's Public Debut
b"Carl Quintanilla, Jim Cramer and David Faber led off with big news on the COVID vaccine front: Both the FDA and CDC recommended pausing use of Johnson & Johnson's one-shot vaccine after six women developed rare blood clots. The news weighed on shares of JNJ and stocks that are part of the reopening trade. The anchors also reacted to the world's largest SPAC merger: Grab -- a Southeast Asian ride-hailing giant backed by Softbank -- has agreed to merge with Altimeter Growth in a deal valued at about $40-billion. Also in focus: Bitcoin hitting a new record high above $63,000 as Coinbase gets ready for its direct listing on Wednesday, and lots talk about the chip sector -- from what Nvidia CEO Jensen Huang said at his company's GTC conference about new products and autonomous cars to anchor chat about the chip shortage's impact on automakers."