{"id":16122,"date":"2021-11-06T02:41:51","date_gmt":"2021-11-05T21:11:51","guid":{"rendered":"https:\/\/www.seminarsonly.com\/news\/?p=16122"},"modified":"2021-11-06T02:41:51","modified_gmt":"2021-11-05T21:11:51","slug":"because-pfizers-covid-antiviral-appears-to-actually-work-the-companys-stock-is-soaring","status":"publish","type":"post","link":"https:\/\/seminarsonly.com\/news\/because-pfizers-covid-antiviral-appears-to-actually-work-the-companys-stock-is-soaring\/","title":{"rendered":"Because Pfizer’s Covid Antiviral Appears to Actually Work, the company’s stock is soaring."},"content":{"rendered":"

Because Pfizer’s Covid Antiviral Appears to Actually Work, the company’s stock is soaring<\/span><\/h2>\n

Shares of Pfizer Inc. jumped after the vaccine producer revealed a study showing that its COVID-19 antiviral medicine is effective in fighting the infection. Investors’ optimism about stocks and the economy was bolstered by the report.<\/p>\n

A strong employment report and confidence about Pfizer’s antiviral medicine treatment for COVID-19 pushed the S&P 500 to new high.<\/p>\n

Zhiwei Ren, managing director and portfolio manager at Penn Mutual Asset Management, said in a phone interview Friday that “you see a massive rotation towards the reopening trade.” It looks that people may be able to “to take a tablet when they get sick” from COVID in order to avert serious illness from Pfizer’s news.<\/p>\n

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During Friday’s trading, shares of Expedia Group Inc. EXPE surged 15.6 percent, according to FactSet data. Royal Caribbean Group RCL and concert promoter Live Nation Entertainment Inc. LYV both rose more than 15 percent.<\/p>\n

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