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The Stock MarketPfizer, Peloton, Carnival and more

Pfizer, Peloton, Carnival and more

Paxlovid, a Pfizer’s coronavirus illness (COVID-19) tablet, is seen manufactured in Ascoli, Italy, on this undated handout picture obtained by Reuters on November 16, 2021.

Pfizer | Handout | by way of Reuters

Check out the businesses making headlines in noon buying and selling.

Pfizer — Shares jumped 1.9% after British regulators accredited the usage of Paxlovid, the drugmaker’s Covid-19 antiviral tablet, for folks over 18 with delicate to average sickness. The U.S. Food and Drug Administration final week approved the usage of Paxlovid for sufferers 12 and up with delicate to average Covid who’re most probably to finish up hospitalized or not survive. 

Carnival, Norwegian Cruise Line — Cruise line shares continued to wrestle after the Centers for Disease Control and Prevention on Thursday mentioned Americans mustn’t journey on cruises, no matter vaccination standing. Carnival fell 2.2%, Norwegian Cruise Line retreated 2.3% and Royal Caribbean additionally dipped.

Peloton — Shares of Peloton slumped 2.5% after JMP Securities downgraded the inventory to market carry out from market outperform. JMP mentioned shopper curiosity is waning within the at-home health firm.

Coterra Energy — The oil firm fell 2.4% on the ultimate day of 2021. Coterra introduced on Thursday that vice chairman and chief know-how officer Kevin William Smith bought almost 40,000 shares earlier this week.

Novavax — Shares of the drugmaker fell more than 2% after information that it prolonged manufacturing agreements with Korea-based SK bioscience. Novavax additionally acquired emergency use authorization for its Covid-19 vaccines in India.

Didi — The Chinese ride-hailing firm continued to say no into the top of the 12 months, falling more than 9% on Friday. Didi went public in June, however the inventory has since sunk as Chinese regulators have cracked down on the corporate.

— CNBC’s Jesse Pound and Yun Li contributed reporting

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