Why Teladoc Health Stock Fell Today

Shares of Teladoc Health (NYSE: TDOC) were falling 3.2% as of 2:42 p.m. ET on Wednesday. The decline appeared to be linked to reduced concerns about the impact of the coronavirus omicron variant.

So far, the highly contagious coronavirus strain appears to be less severe than previous variants. Teladoc's shares really began to tumble, though, after news broke that the U.S. Food and Drug Administration (FDA) has granted Emergency Use Authorization (EUA) to Pfizer's (NYSE: PFE) COVID-19 pill, Paxlovid.

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Source Fool.com