Vaccine Stocks Jump on Report of New Coronavirus Study in China

Shares of Covid-19 vaccine makers spiked Friday afternoon in New York as traders shared earlier reports about a new coronavirus study in China.

• The South China Morning Post reported late Thursday New York time that a research team in China had found a new bat coronavirus that they say could risk animal-to-human transmission
  • Report says the new virus has the same human receptor as the virus that causes Covid-19
• Moderna rose as much as 6.4%, BioNTech ADRs were up as much as 5.1%, Pfizer gained as much as 1.7%, Novavax climbed as much as 7.3%

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