Vaccine stocks in decline after Biden remark that COVID pandemic phase is over

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Stocks of the three key vaccine makers fell sharply Monday, after President Joe Biden said the pandemic is over, in an interview with “60 Minutes” that aired on Sunday. Moderna Inc. MRNA, -7.14% fell 9.2%, Pfizer Inc. PFE, -1.28% was down 1.7% and its German partner BioNTech SE BNTX, -8.60% was down 8.4%. Novavax Inc. NVAX, -6.51%, which had its protein-based vaccine authorized in July, was last down 9%. The SPDR S&P Biotech ETF XBI, -1.25% was down 2.2%.

This article was originally published by Marketwatch.com. Read the original article here.

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