Friday, April 19, 2024
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Novavax (NVAX) Stock Up 8% as FDA Approves Updated Covid Vaccine

The updated vaccine specifically addresses the XBB.1.5 subvariant of the Omicron variant, which has raised concerns due to its potential to evade immunity conferred by earlier versions of the vaccine.  In a recent development, stocks of Novavax Inc (NASDAQ: NVAX) jumped 8.2% yesterday following the Food and Drug Administration’s (FDA) approval

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Merck Q1 2023 Report Shows Revenue Drop as COVID Treatment Sales Crash, MRK Stock Down 1%

Affected by reduced demand for Covid drug Molnupiravir, Merck has published reduced revenue figures according to its Q1 2023 report. Multinational pharmaceutical giant Merck & Co Inc (NYSE: MRK) has released its Q1 2023 report. The company’s figures show a reduction in revenue due to several factors, including a plunge in

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China-Based Funeral Company Shares Surge 80% Since November amid Spike in Covid Cases

China funeral facilitator Fu Shou Yuan saw its shares recently rally to 7.04 Hong Kong dollars after being down 40%. The shares of a China-based funeral company recently surged to a new yearly high following a marked rise in Covid infections. According to a CNBC report, Fu Shou Yuan International Group stock

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BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns

Earlier in the day, ADP’s Employment report on job creation in the private sector arrived hotter than expected as businesses created 208,000 jobs in September, versus consensus estimates for 200,000, and 12% higher than August's 185,000 total. And OPEC rocked energy markets by reducing oil production by two million barrels.

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