Why Moderna, BioNTech, and Novavax Stocks Climbed Today
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Vaccine stocks rallied on Friday after health officials said the U.S. would expand coronavirus vaccine manufacturing. By the close of trading, shares of Moderna (NASDAQ: MRNA), BioNTech (NASDAQ: BNTX), and Novavax (NASDAQ: NVAX) were up 2%, 5%, and 6%, respectively.
By boosting its production of COVID-19 vaccines, the U.S. will be able to provide more aid to other countries. "We are now working on greatly expanding the capacity to allow us to donate hundreds and hundreds of millions of doses to the low- and middle-income countries," Dr. Anthony Fauci said during an interview on CNBC.
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Source Fool.com
