COVID Vaccine Stocks Tumble as Demand Forecast Dims

1 min read
Source: The Wall Street Journal
COVID Vaccine Stocks Tumble as Demand Forecast Dims
Photo: The Wall Street Journal
TL;DR Summary

Shares of Moderna and Pfizer, two leading vaccine makers, dropped as Pfizer's CFO predicted weaker demand for Covid shots this year, projecting a vaccination rate of around 24% in the U.S., significantly lower than the flu vaccination rate of approximately 50%.

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