Amazon comes for Pharmacy stocks, Pfizer doesn't want to play second fiddle
Pharmacy stocks are bleeding after Amazon (NASDAQ: AMZN) launched Amazon Pharmacy. Amazon will do doorstep delivery of medications and prescription refills. True to Amazon’s takeover nature, stocks of traditional drug retailers fell considerably. CVS Health, Walgreen Boots Alliance, Rite Aid and GoodRx were down -8%,-10%, -12%, and -19% respectively after the news. Click here to read more
News just out shows that the final analysis of Pfizer’s (NYSE: PFE) vaccine trial showed that the vaccine is more than 95% effective. With this new milestone, the company can apply and get the Food and Drug Administration authorization within days. If Pfizer gets the FDA authorization, the pharmaceutical company will make history as the first company with an FDA-authorized COVID-19 vaccine. Click here to read more
Chinese electric car company NIO (NYSE: NIO) shares fell 3% lower after reporting earnings. Despite the little dip the electric company performed better than expected with higher revenue and lesser losses than expected. The company generated $666.6 million in revenue topping the $663.29 million expected. The company also had a 12.9% U.S. growth margin, topping analysts forecast of 11.25%. Click here to read more
Congress want big tech regulated but both parties can’t seem to agree on why. Democrats are mostly against Big Tech’s ability to use the law to protect their companies even when they fail to protect their own users. Republicans, on the other hand, claim Big Tech uses Section 230 as a weapon to censor conservative voices and points of view. Click here to read more
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