Diamonds and Dogs

5/26/20

Drug maker, Novavax (NVAX) lifting the major averages. The biotech is up 14% on news they are launching a Phase I clinical trial of its coronavirus vaccine. Novavax said it expects to share the results of the trial in July. Merck (MRK) is also higher on news they are working to develop a coronavirus vaccine. Around the world, there are currently 10 vaccines in clinical evaluation and 114 in pre-clinical evaluation.

Profit-taking in the video game business. Video game makers, Activision Blizzard (ATVI) and Take Two Interactive (TTWO) are both down over 3% as hopefully we can get kids away from TVs and playing video games. With the warmer weather and reopening of many states and economies, hopefully the kids will get outdoors more.

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