Live Updates: EU regulator endorses Pfizer COVID-19 vaccine

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The European Union's regulatory agency endorsed Pfizer's coronavirus vaccine on Monday, paving the way for final authorization. The decision will now go to the European Commission, who signaled they will work quickly to issue a final verdict. 

If approved, several countries have signaled that they plan to start administering the vaccine by Dec. 27. 

The European Medicines Agency (EMA) had faced increasing pressure as Britain leapfrogged the process to grant Pfizer and BioNTech's vaccine termporary authorization for use among its citizens, and the U.S. issued their decision last week. 

The news comes as the U.K. investigates a new strain of the virus that according to Prime Minister Boris Johnson is up to 70% more transmissible than the previously identified coronavirus strain.