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Why Bausch Health Companies Stock Is Crashing Today

TheMotleyFool

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Why Bausch Health Companies Stock Is Crashing TodayPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png

Shares of Bausch Health Companies (NYSE: BHC) are down by 13.2% as of 11:24 a.m. EDT Thursday morning. The multinational healthcare company is tanking today in response to the marketwide sell-off that's being fueled by COVID-19.

Yesterday, President Trump suspended flights between the U.S. and Europe for 30 days, and the NBA decided to pause its season for the moment as a result of the public health threat posed by COVID-19. These two events are spooking investors across the globe today.

Image source: Getty Images.

Source Fool.com

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