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Description: Shares of Merck & Co. MRK,  tumbled 9.5% in midday trading Friday, putting them on track to suffer the biggest one-day drop since January 2005, after Pfizer Inc. PFE,  released data on a pill to treat COVID-19 that showed greater efficacy than Merck’s.

Source: MarketWatch.com

Date: Nov 05, 2021

Link: https://www.marketwatch.com/story/merck-stocks-biggest-selloff-in-nearly-17-years-is-cutting-close-to-60-points-off-the-dows-price-2021-11-05?mod=home-page

Questions for discussion:

  • What does the article say to investors who are invested in the pharmaceutical firms fighting Covid?
  • What would you advise investors do to mitigate risk in this field?

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