Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of BioNTech SE BNTX, -4.89% sank 6.1% toward a 2 1/2-year low in premarket trading Monday, after the Germany-based biotechnology company disclosed that it currently expects to record a charge of up to EUR900 million in the third quarter as it writes of inventory of COVID-19 vaccine Comirnaty. The disclosure comes in response to Pfizer Inc.’s PFE, -2.
Pfizer’s stock slumped 2.8% ahead of Monday’s open. Pfizer’s write-offs don’t address the Pfizer-BioNTech COVID-19 vaccine adapted to the XBB.1.5 variant. On Monday, BioNTech said it was still evaluating the potential impact of the Pfizer’s announcement, but said it expects any of its write offs to reduce 2023 revenue. BioNTech expects to release third-quarter results on Nov. 6. BioNTech’s stock has dropped 31.1% year to date through Friday, while Pfizer shares have tumbled 37.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Alex Marlow to Tomi Lahren: Joe Biden Is a Terrible Ally to Our Friends and a Soft Target for Our EnemiesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Baca lebih lajut »
COVID Map Shows States With Highest Positive TestsColorado, Montana, North Dakota, South Dakota, Utah, and Wyoming had the highest positivity rate in the nation at 13.4 percent.
Baca lebih lajut »
Why Experts Say You Shouldn’t Run With COVID-19Donna Raskin has had a long career as a health and fitness writer and editor of books and magazine articles. She bikes in a nearby county park, lifts weights, takes Zumba, and loves to walk/run with her dog, Dolly.
Baca lebih lajut »
Biden Allocates $33.7M COVID-19 Relief to Palestinian GroupIn a move drawing both support and criticism, the Biden administration has allocated $33.7 million from the American Rescue Plan to the United Nations Relief and Works Agency, a Palestinian relief organization.
Baca lebih lajut »
Ban on COVID vaccine mandates by private businesses, including health care facilities, passes Texas SenateA sweeping ban on COVID-19 vaccine mandates for employees of private Texas businesses passed the Texas Senate early Friday, although medical facilities would be
Baca lebih lajut »
House lawmakers threaten to subpoena ex-NY Gov. Cuomo for COVID nursing home documentsHouse lawmakers threaten to subpoena ex-NY Gov. Cuomo for COVID nursing home documents
Baca lebih lajut »