Businessstocksvaccine

Vaccine Stocks Slip Fourth Day in a Row. Here’s Why.

Vaccine stocks were still sliding Wednesday, four days after U.S. drug giant Merck said its Covid-19 antiviral pills cut hospitalization or death by approximately 50%.

Investors received Merck’s (ticker:MRK) news with rotund optimism, buoyed by the prospect of a pandemic panacea. But that same optimism has prompted markets to pull back from vaccine stocks that were otherwise coasting steadily higher.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close