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Virus Outbreak Fuels Volatility in Some Biotech Stocks

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The deadly coronavirus outbreak is sparking big moves among biotechnology stocks, a volatile sector where companies can flourish or struggle depending on their progress in developing new medical treatments

Shares of Moderna Inc., a Cambridge, Mass.-based biotech company, rose 5.2% to $22.

02 in afternoon trading Wednesday after it said in a regulatory filing that it was working with the National Institutes of Health and two of its affiliates “on a potential vaccine response to the current public health emergency.” NIH is the...

 

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Chinese Drugmakers’ Shares Surge, Travel Stocks Fall as Virus Outbreak WorsensA widening outbreak of a mysterious pneumonia-like virus helped propel shares of some Chinese drugmakers to multiyear highs, while travel stocks fell, as investors made bets on the potential economic impact of the disease in the region. Well not to be too nasty, quarantine all flights from China proper, and their fellow travelers. Just asking for a friend. blame donald trump 😓 V for vendetta
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