Stock market plummets after 'new Coronavirus' discovered in China

After the announcement from Wuhan, Pfizer, Moderna and Novavax shares rose against the trend compared to the US indices. The experts are not very alarmed. Big Pharma is ready to do business. Coincidentally, on the darkest day of the US stock market, the major companies...

Stock market plummets after 'new Coronavirus' discovered in China

Pfizer and Moderna stocks bucked the trend and soared after the news of a potential 'deadlier version of Covid.'

Pfizer and Moderna Stocks Soar After New Coronavirus reported in Wuhan

Friday marked the worst day of the year for the stock market as the Dow plummeted by 748.63 points, and pharmaceutical companies like Pfizer and Moderna stocks saw a significant rise. The surges come amid reports from researchers at the Wuhan Institute of Virology identifying a potentially deadlier strain of coronavirus known as HKU5-CoV-2, which the media is now parroting. COVID-19 originated in a lab in Wuhan, which the media have told us for …