Shares of COVID-19 Vaccine Makers Fall After Pfizer CFO Warns of Outlook ‘Haircut’

Key Takeaways

  • Shares of vaccine makers dropped after Pfizer CFO David Denton said the outlook for vaccine rates this year got a “haircut.”
  • Denton told a conference that Pfizer anticipates a 24% U.S. vaccination rate this year.
  • Denton had said previously the company would take steps to cut costs if COVID-19 vaccine revenue missed expectations.

Moderna (MRNA) was the worst-performing stock in the S&P 500 as shares dropped 9% after Pfizer CFO David Denton said the outlook for vaccine…

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