Diamonds and Dogs

8/24/20

Inching closer to a Covid-19 vaccine. AstraZeneca (AZN) is up 2% near all-time highs as the Trump Administration could grant emergency use of their coronavirus vaccine candidate as early as October, before the Presidential election, if the coronavirus vaccine shows success after its late-stage testing. The U.S. has already granted the company $1.2 billion for 300 million doses of its vaccine.

Profit-taking in another Covid-19 vaccine stock. Novavax (NVAX) is down 13% at a two-month low as the company enrolls the first volunteers in their Phase 2 COVID-19 vaccine candidate. A number of drug companies are already ahead of Novavax including Pfizer, J&J, Moderna and AstraZeneca.

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