Good morning from the Financial Times.

Today is Thursday, October 1st,

and this is your FT news briefing.

The head of Moderna says the biotech group

will not have a coronavirus vaccine ready before the US presidential election.

Japan still uses fax machines, so how will the economy gear up for a digital transformation?

Plus Warren Buffett once called gold a useless metal.

Now he's among those driving up its price.

We'll tell you why.

I'm Mark Filipino, and here's the news you need to start your day.

November 25th, three weeks after the U.S. presidential election.

That's the November 25th, three weeks after the US presidential election.

That's the earliest Moderna could request vaccine authorization from the US Food and Drug

Administration.

That's according to the company's chief executive Stefan Bonsell.

Mr. Bonsell told the Fte on Wednesday that he didn't expect to have full

approval to distribute the drug to every American until next spring.

It's bad news for Donald Trump, the president has said a

vaccine could be ready before the election, even when his own scientific advisors

say between April and June would be the earliest. Japan's new Prime Minister, Yoshi Hide Suga,

wants Japan's economy to go digital.

And some say this transformation is long overdue.

...